Prices have come down but it really depends on the location of the condo within Logan Square and the age of the building. Over the last 12 months for example, 7 2br/1.1ba units have sold ranging in price from $50k to $350k.... more
Don - what's driving your decision to sell? I think this is a great market for people who may be interested in trading up. If you are looking for more space, a better location etc, you may be in a great position to both leverage lower borrowing costs as well as generally more competitive prices on property. Inventories are still high which could impact the sale of your existing property - you may not be able to win at both ends, however.
Another factor to consider is how long have your owned your current property? If you purchased within the last 5 to 8 years - I suspect you still may do fine. Depending upon the type of property you own and where it is located in Logan Square, you could do just fine.
Properties are clearly selling - from experience, however, buyers are aggressive.
I hope that helps - best of luck in your decision!... more