Archive for April, 2014

Market Conditions: March Home Sales Fall 6.5% YOY But Median Price Keeps Rising

As expected, March sales fell 6.5% year over year as weather, tight inventory, higher prices and higher mortgage rates bit buyers. From the Illinois Association of Realtors: “The city of Chicago saw a 6.5 percent year-over-year home sales decline in March 2014 with 1,819 sales, down from 1,945 in March 2013. The median price rose […]

Record High Listing Prices Appearing in Old Town: 1414 N. Wells

This 2-bedroom in 1414 N. Wells in Old Town just came on the market. We’ve chattered about Old Town a lot over the years because some of the developments held their value even during the bust as Old Town remained a top destination in the city. This 1700-square foot unit has cherry cabinets, granite counter tops […]

Is the GreenZone in a Bubble? 62% Appreciation in 3 Years at 2722 N. Wilton in Lincoln Park

We last chattered about this 4-bedroom single family home at 2722 N. Wilton in Lincoln Park in August 2011. See our prior chatter here. At that time it was one of the few Lincoln Park single family homes to be on the market for $500,000 or less. The catch? The brown, purple, red line El […]