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Maragarite8 - you are probably paying too much for that townhome, but if you were buying a single family home, then I would state that values are stabilizing "in the area."
As for your townhome, my first of nearly 500 answers on the Trulia Voices Q&A forum was on December 17, 2007 and it was about a Grant Park townhome - check out the web reference.
If you click around, you'll see more of that seller's sad saga in other questions that continued into 2009! Unsold for 2 years...
Townhomes, lofts and condos are a lifestyle choice - not a real estate investment.
As long as you are OK with the lifestyle choice, I'm sure that you'll like Enclave. Grant Park is cool. The charter schools nearby are a nice value add.
Just hold on to the property for at least a DECADE...