Archive for December, 2011
Market Conditions: November Median Home Price Fell 12.3% YOY in Chicago But Sales Rose
It’s that time of the month again. The Illinois Association of Realtors is out with the November sales data. Hooray! Something to chatter about at the slow time of the year. As we already know from G posting the data a few weeks ago, sales rebounded but the median price continues to plunge as short/REO properties […]
This Lincoln Park 2-Bedroom Returns to Crib Chatter 4 Years Later: 549 W. Belden
We last chattered about this vintage 2-bedroom at 549 W. Belden in Lincoln Park in September 2007. See our prior chatter here. At that time, Crib Chatter was brand new and prices had just started to soften- even in Lincoln Park. Listed for $359,000 in September 2007 it ended up selling in February 2008 for […]
Buy or Rent This 2/2 on Washington Square Park? 55 W. Delaware in the Gold Coast
This top floor 2-bedroom in the Park Newberry at 55 W. Delaware in the Gold Coast has been on the market since August 2011. In that time it has been reduced $35,000. At 1384 square feet, it has a renovated galley kitchen with granite counter tops and stainless steel appliances. It has the features […]
From $30K to $320K for this Renovated 4-Bedroom Rowhouse: 640 E. Oakwood in Grand Boulevard
This 4-bedroom rowhouse at 640 E. Oakwood in the Grand Boulevard neighborhood on the South Side recently came on the market. Built in 1882 on a 17×125 lot, the rowhouse has been renovated. Unfortunately, none of the interior vintage features remain but that’s not the fault of the current renovator. This rowhouse was bank […]
Market Conditions: How to Pay for the Payroll Tax Cut Extension? Tax Mortgages
I don’t know how many of you are paying attention to what is happening in Washington with the discussion over extending the payroll tax cut. The latest is a 2 month extension mainly so that Congress can get home for the holidays and then continue fighting about it in 2012. A 2-month extension of the payroll […]
One of the Cheapest SFHs in Lakeview Reduces Another $20K: 3352 N. Marshfield
We’ve chattered about this 3-bedroom house at 3352 N. Marshfield in Lakeview several times since it came on the market in March 2011. See our July 1, 2011 chatter here. In July, the house had reduced $30,000 to $469,900 but most of you thought it was still overpriced. Most of the guesses were around $375,000 […]