Arlington Market

A major redevelopment of Arlington Market promises to change the face of Arlington Heights and bring new amenities and residents to the area.

The mixed-use development will offer a total of 42,000 square feet of retail space, 110 condominiums, and 54 single-family homes.

Buyers can choose from several floor plans at Arlington Market. Condominiums range in size from 1,300 square feet to 2,250 square feet, making them a perfect choice for young professionals, retired couples, and families looking to enjoy maintenance free living in Arlington Heights.

Two and three bedroom condominiums are available at Arlington Market. Amenities include stainless steel appliances, custom cabinets, Corian countertops, and an island in the kitchen. There is also a breakfast bar or separate breakfast area available, depending on the plan chosen.

Bathrooms offer a separate shower and tub and top-of-the-line fixtures throughout. Residents can also choose to add a whirlpool tub in the bathroom and an electrical fireplace in the living room.

Common amenities for residents of the condominiums at Arlington Market include a modern fitness center, mail room, party room, and indoor parking. Guest parking is also available.

The single-family homes offer 3,000 square-foot floor plans. The three-level homes come with two and three bedroom layouts, with extra space for a den, playroom, or office.

The single family homes offer amenities such as a gas fireplace, two-car detached garage, and wood deck.

Buyers can also choose from several optional features, such as an elevator that serves the bottom two floors, skylights, and upgraded appliances and cabinetry.

The neighborhood is one of the biggest draws for buyers at Arlington Market. The mixed-use development offers several conveniently located retail and dining options. Eros Restaurant, Subway, and Ben Franklin Bank are all located at Arlington Market. The developer is also building new retail space for a grocer and other necessary services.

Commuters are just a few minutes away from the Arlington Heights Metra station. The Metra offers fast and easy connections to the downtown Chicago business district and other neighborhoods around the city.

Schools in the area include Windsor Elementary School, South Middle School, and Prospect High School.

If you’re looking for a new home or condominium in Arlington Heights, you should be aware of the latest statistics coming out of the real estate market for the city.

According to the third quarter report from the Chicago Association of Realtors, sales of both single family homes and condominiums dropped. Home sales in the area were down by 13 percent from the same period. A total of 151 homes were sold, the lowest third quarter total since 1991.

Condo sales were also down around Arlington Heights. Sales dropped by 6 percent from the same period last year.

If you are selling your home or condominium, it may take you longer than you thought to find a buyer. According to the C.A.R. report, the turnover time for single family homes is at 147 days, a 67 percent increase over the same period last year. Meanwhile, the turnover rate for condos is up 75 percent from last year to 126 days.

However, prices for homes in the area continued to rise by a modest 3 percent during the quarter. Condo prices posted their second consecutive drop in as many years.

Buyers should begin to see lower prices for homes in Arlington Heights if demand doesn’t recover in the next few months. As the unsold inventory of homes increases, sellers may have to lower their asking price to attract new buyers.

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