From the category archives:

Market Stats

ARE CHICAGO CONDO SALES FINALLY HEALTHY?

July 13, 2010

Chicago real estate, particularly condo sales, have been hit by the recession. At one point, the glut of condos on the market exceeded 2 years worth of inventory. Condo sales lagged, priced dropped, and it was a buyers’ market all around.
In June, however, condo sales were great! On Chicago’s north side*, 825 units closed. This [...]

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Chicago Condo Sales 2010 — How are we doing so far?

March 19, 2010

There is just about one month left in the federal home buyer tax credit program — $ 6500 – $ 8000 in tax savings if you buy by April 30 and close by June 30.
How is the home buyer tax credit program affecting condo sales in Chicago? In a nutshell –

Sales are better than last [...]

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How do Chicago home price declines compare to the suburbs’?

January 18, 2010

I have a suburban client contemplating a cr0ss-country move, and like everyone else who bought 2-5 years ago, he’ll be taking a loss on his home. In negotiating his relocation package, he contemplated how this loss would compare to what he’ll gain by buying in his new city.
Did home prices decline as much there as [...]

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Prudential Rubloff Leads Lakeview Home Sales

January 8, 2010

In preparing a listing appointment this week for a Lakeview Single Family Home seller, the market data was interesting…
1. Prudential Rubloff does about twice the single family home business in the Lakeview Neighborhood.

2. The market is looking more healthy — with 92 active listings and 63 sales in the last 6 months, we are edging [...]

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Edgewater Home Sales – 2009

December 31, 2009

Single Family Home Sales were up in 2009 — 44 houses sold this year vs 40 in 2008. During this time, median home prices dropped. The average home price was $ 547,500 — a 6.5 % drop from the previous year.

See Homes for sale in Edgewater
To see homes for sale in Edgewater or Chicago’s [...]

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Chicago North Side Home Sales Up – Prices Steady

October 16, 2009

September home sales in Chicago were up over Sept ‘08. The 57 home sales were similar to’07 and ‘06 units closed (55 and 59), but down 35% vs the record 2005 figure (87).

Home prices, on the other hand, are right in line with sales prices over the last 5 years – up 1.9 % vs [...]

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Lakewood Balmoral Homes for Sale

July 14, 2009

July 14, 2009 —-
Today, there are 42 homes for sale in the Edgewater Community. Of those, the following homes are for sale in the Lakewood Balmoral Community…

5537 N Magnolia     $ 579,000
5239 N Wayne          $ 775,000
5253 N Lakewood   $ 899,000
5306 N Magnolia    $ 1,025,000
5518 N Wayne           $ 1,459,000

After being originally listed at $ 2,200,000, 5456 [...]

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Chicago Home Sales Off 30% in May

June 12, 2009

Despite news of an improving economy, Chicago home sales continue to lag. In May, 40 single family homes closed on the north side*, representing 68.96% of May 2008. Year to date sales (163) are down 29.74% over 2008 Jan-May sales.
Chicago Home Sales
North Side
2005 – 2009

Currently, there are 698 homes on the market. The [...]

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North Side Home Sales in April Top 2008

May 6, 2009

I normally post market activity from the Gold Coast north through Edgewater, (and I will this week) but this article ONLY includes single family home sales from Uptown, Edgewater, North Center, and Lincoln Square neighborhoods.
Single Family homes closed (in these neighborhoods) during April 2009 topped Apr ‘08 sales figures. This is the first time since [...]

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