The Illinois Association of Realtors numbers are out for September. It was another weak month for sales. The city of Chicago saw year-over-year home sales decrease 4.2 percent with 1,954 sales in September, compared to 2,040 a year ago. The median price of a home in the city of Chicago in September was $292,750 up […]
Crain’s Dennis Rodkin took a look at the sales in various Chicago neighborhoods year-to-date. It’s not pretty. Lakeview takes the prize as the neighborhood with the slowest market, as sales are down 12%. “It’s as slow in Lakeview as I’ve ever seen it,” said Eudice Fogel, a Compass agent who’s been in the Chicago real […]
Maybe some of the Chicago Tribune reporters are secretly reading Crib Chatter because they just published a story looking into the belief that people are fleeing Illinois, which we’ve been chattering about a lot this year. From the Tribune: When the Tribune looked at the demographics of people who moved out of state from the […]
The Illinois Association of Realtors is out with August sales. Despite a plunge in mortgage rate to 3 year lows, sales still fell. The city of Chicago saw year-over-year home sales decrease 7.7 percent with 2,543 sales in August, compared to 2,754 a year ago. The median price of a home in the city of […]
Other than at the luxury price point such as the Tribune Tower, there hasn’t been much condo construction downtown since the financial crisis. Instead, developers have been building dozens of new high rises with thousands of apartments. According to Crain’s Alby Gallun, 6 apartment buildings have reached new all-time highs rents per square footage, at […]
We haven’t chattered about the rental apartment market for a while. Even though developers have been building lots of high-end luxury condo buildings, they also have been rapidly adding rental apartment buildings throughout the city. Last year, we debated whether or not there was a bubble brewing in luxury apartments. Recently, Crain’s updated the second […]
The Illinois Association of Realtors is out with the July 2019 data and Chicago home sales fell year-over-year again despite much lower mortgage rates. From the IAR: The city of Chicago saw year-over-year home sales decrease 5.3 percent with 2,655 sales in July, compared to 2,803 a year ago. The median price of a home […]
Hyde Park, home to the world-renowned University of Chicago, and the Museum of Science of Industry, is often an after thought by most people moving to Chicago. But the neighborhood is starting to build momentum as real estate investors have been renovating and building new apartment buildings. Meanwhile, more amenities are starting to move in. […]
The Chicago housing market continues to struggle despite the strong economy. From the Illinois Association of Realtors: The city of Chicago saw year-over-year home sales decrease 13.3 percent with 2,766 sales in June, compared to 3,191 a year ago. The median price of a home in the city of Chicago in June was $319,900 up […]
The luxury apartment building craze isn’t limited to Chicago. The tallest residential building in St. Louis is under construction in the trendy Central West End neighborhood at 100 North Kingshighway. If the design seems vaguely familiar that’s because it’s being designed by Jeanne Gang at the Studio Gang Architects, who also designed Aqua in Lakeshore […]