Archive for December, 2013

Third Biggest Story of 2014: Will the Apartment Market Stay Red Hot?

The apartment rental market in the GreenZone in Chicago was red hot in 2013. Occupancy rates in Class A buildings were above 95% for the first three quarters and only started weakening, but only slightly, in the fourth quarter. But thousands of new luxury rental apartments are slated to come on the market in 2014, […]

Chicago Market Conditions: November Home Sales Buck National Market Trends By Rising

November home sales managed to do in Chicago what most other metropolitan areas haven’t seen: they rose. From the Illinois Association of Realtors: The city of Chicago saw a 0.1 percent year-over-year home sales increase in November 2013 with 1,800 sales, up from 1,798 in November 2012. The median price also rose to $200,000 versus […]

Did the Remodel Pay Off? Gold Coast 1-Bedroom Sells: 21 W. Chestnut

We last chattered about this completely customized 1-bedroom in 21 W. Chestnut in the Gold Coast in October 2013. See our prior chatter here. If you recall, it had extensive built-ins in both the living room/kitchen and the bedroom which created a ton of extra storage space. This unit was also remodeled with luxury finishes. It had […]