Archive for February, 2012
Market Conditions: Could a Lower Supply of Foreclosures Actually Mean Lower Prices?
Conventional wisdom would have it that as the number of foreclosures and short sales declines, then that should put a floor under prices as its these properties that have been bringing down overall housing prices. However, as Diana Olick, the real estate reporter at CNBC, recently found out when she talked to some experts on […]
Get a 2-Bedroom Duplex Up in This Former House of Worship: 1021 W. Barry in Lakeview
This 2-bedroom duplex up in the converted church at 1021 W. Barry in Lakeview has been on the market for 11 months. In that time, it has been reduced $139,100. Unlike some of the converted church units we’ve chattered about over the years, this church unit actually has some of its original church features intact […]
Market Conditions: Sales of New Downtown Condos Plunge 54% in 2011
Crain’s is reporting that sales of new downtown condos reached a new 3 year low in 2011. According to the Appraisal Research Counselors, sales fell 54% year over year. 2011: 770 sales 2010: 1682 sales 2009: 1891 sales With new rental high rises that were either built as condo building originally (and converted to rentals) […]
We Love 3-Bedroom Penthouses in Converted Churches: 1243 N. Wolcott in Wicker Park
This 3-bedroom duplex in a converted church at 1243 N. Wolcott in Wicker Park just came on the market. We’ve chattered about a lot of church units in the past. It has exposed brick, bamboo floors and skylights. The listing says it has a chef’s kitchen with granite counter tops and stainless steel appliances. The […]
Reduced to $3 Million from $5.8 Million in 2008: 1258 N. Lake Shore Drive in the Gold Coast
Thanks to the Groove for pointing out that this 4-bedroom Holabird and Roche single family home at 1258 N. Lake Shore Drive in the Gold Coast recently reduced its price…again. We first chattered about it all the way back in July 2008, when Crib Chatter was still in its infancy and Lehman Brothers still existed. […]
3-Bedroom Loft Triplex Reduces $155,000 in Past 11 Months to $295K: 1601 W. School in Lakeview
We’ve chattered about this 3-bedroom loft triplex at 1601 W. School in Lakeview several times over the past 11 months. See our October 2011 chatter here. First listed in March 2011 for $450,000, it has been slowly reduced $155,000 to just $295,000. In our first chatter, some of you thought it might sell for around […]
Back To The 2001 Price For This South Loop 2-Bedroom? 1430 S. Michigan
This 2-bedroom in the mid-rise at 1430 S. Michigan in the South Loop just came on the market. Built in 2001, it is a “soft loft” type unit with exposed duct work and concrete ceilings. The listing says, however, that the bedrooms have full ceiling height (which some soft lofts do not.) There are […]