We’ve done a lot of chatter in the last few years about the sheer number of luxury apartments being built not only downtown but in the hot neighborhoods like Logan Square. But according to recent data, the apartments are actually being absorbed even though they’re building record numbers. That is in contrast to cities on […]
The Illinois Association of Realtors is out with the August sales data. Sales were down for the second year in a row. The city of Chicago saw year-over-year home sales decrease 5.1 percent with 2,649 sales in August, compared to 2,791 a year ago. The median price of a home in the city of Chicago […]
The Illinois Association of Realtors is out with the July housing numbers. The city of Chicago saw year-over-year home sales increase 1.1 percent with 2,728 sales in July, compared to 2,698 a year ago. The median price of a home in the city of Chicago in July was $309,000 up 3.0 percent compared to July […]
Chicago housing inventory remains super tight. From the Illinois Association of Realtors: The city of Chicago saw year-over-year home sales decrease 8.7 percent with 3,087 sales in June, compared to 3,380 a year ago. The median price of a home in the city of Chicago in June was $312,750 up 2.0 percent compared to June 2017 […]
I almost forgot to do an update on the May home sales. It’s not a very exciting story right now. The market is still tight because inventory remains low. The city of Chicago saw year-over-year home sales decrease 2.2 percent with 2,978 sales in May, compared to 3,046 a year ago. The median price of […]
The Illinois Association of Realtors has issued the April monthly sales report: The city of Chicago saw year-over-year home sales increase 0.1 percent with 2,649 sales in April, compared to 2,647 a year ago. The median price of a home in the city of Chicago in April 2018 was $309,950 up 4.2 percent compared to […]
Can you keep track of all the huge development announcements? The latest is currently being called “The 78” after the 78th community the developer believes they will create (Chicago has 77 community designations) on a 62-acre piece of property in the South Loop along the Chicago River. This is yet another location that was pitched to […]
Winter has held on in Chicago as March home sales took a tumble (the above picture is from spring 2012). From the Illinois Association of Realtors: The city of Chicago saw year-over-year home sales decline 10.1 percent with 2,290 sales in March, compared to 2,546 a year ago. The median price of a home in […]
[Golub & Co and CIM Group rendering] Since the Tribune Tower, and the adjacent lot were sold, the Chicago design community has been waiting for an announcement on the plans for the prominent Michigan Avenue/Streeterville site. Yesterday, Golub & Company and CIM Group, announced their plans for the site at a community meeting which was […]