Crib Chatter

The Illinois Association of Realtors is out with the May sales and they fell again. The city of Chicago saw year-over-year home sales decrease 5.0 percent with 2,895 sales in May, compared to 3,047 a year ago. The median price of a home in the city of Chicago in May was $315,000 up 3.3 percent […]

Crain’s Dennis Rodkin got to tour the new 4-bedroom duplex penthouse apartment at Old Town Park at 1140 N. Wells in Old Town. This is the development at Wells and Division which will be 3 towers. The penthouse is in the first tower. It’s 32-stories with city views. The second tower will be just south […]

The Illinois Association of Realtors is out with the April sales data. This was the heart of the spring buying season but in spite of lower mortgage rates compared to a year ago, sales didn’t pick up. The city of Chicago saw year-over-year home sales decrease 5.4 percent with 2,555 sales in April, compared to […]

The Illinois Association of Realtors is out with the March home sales. As expected, it was another year-over-year weak month. It was the 8th month in a row that home sales fell compared with the prior year. And this was despite falling mortgage rates. The city of Chicago saw year-over-year home sales decrease 13.6 percent […]

It’s spring, but the weather is not cooperating. But that doesn’t mean the spring housing market isn’t hot. Many properties seem to be selling briskly in the GreenZone this month as when I’ve gone out to take pictures, the properties are under contract before I can crib about them. Will March show a distinctive bump in activity […]

The Illinois Association of Realtors is out with the February sales numbers. Was January a one-off bad month or did it continue for a second month? The city of Chicago saw year-over-year home sales decrease 7.4 percent with 1,422 sales in February, compared to 1,535 a year ago. The median price of a home in […]

The Illinois Association of Realtors is out with the January sales. December was weak and, it turned out, the weakness extended into January even though “bad” winter weather wasn’t an issue as the weather was mild in both November and December, when January buyers would have been looking. The city of Chicago saw year-over-year home […]

The Illinois Association of Realtors is out with the December 2018 numbers. Sales were down big year-over-year. In the city of Chicago, home sales (single-family and condominiums) in December 2018 totaled 1,698 homes sold, down 17.5 percent from December 2017 sales of 2,058 homes. The median price of a home in the city of Chicago […]

This 3-bedroom in Riverbend at 333 N. Canal on the Near West Side came on the market in May 2018. Riverbend was built in 2002 and has 149 units and parking. It used to have unobstructed views directly down the Chicago River but the development of Wolf Point with apartments and office space, has impacted some of […]

The spring market was hot in 2018. Inventory was low. Homes were selling quickly. But rising mortgage rates in the second half of the year appeared to slow the strong housing market. Monthly sales fell from those the year before. Many homes seemed to take longer to sell. Remember this 3-bedroom condo in Andersonville at 5603 N. Glenwood? […]