Crib Chatter

How’d the Chicago market hold up in August? Inventory remained extremely low statewide and in the city of  Chicago. From the Illinois Association of Realtors: The city of Chicago saw a 2.6 percent year-over-year home sales increase in August 2016 with 2,770 sales, up from 2,701 in August 2015. The median price of a home […]

It was a little delayed, due to my vacation, but here is the update on the July market. From the Illinois Association of Realtors: The city of Chicago saw an 11.9 percent year-over-year home sales decrease in July 2016 with 2,714 sales, down from 3,082 in July 2015. The median price of a home in […]

The Centrum Lakeview, a luxury boutique apartment building, at 1714 W. Roscoe in Lakeview just finished construction and is now leasing. Anyone who takes the Brown Line from the north side has watched this building go up because it is right next to the Paulina Brown Line stop. It has 39 units and just 7 parking spaces, but the […]

Listings for the new luxury high rise being marketed as the “Code of Luxury” at 808 N. Wells in the Gold Coast just came on the market. I consider this Gold Coast as it is north of Chicago Avenue. The building is from Smithfield, the developer of 30 W. Oak, the highly successful modern boutique high rise […]

The Illinois Association of Realtors is out with the June and half year numbers: The city of Chicago saw a 0.2 percent year-over-year home sales increase in June 2016 with 3,210 sales, up from 3,202 in June 2015. The median price of a home in the city of Chicago in June 2016 was $300,000, up […]

The Illinois Association of Realtors is out with the May housing sales data and it’s another hot month. The city of Chicago saw a 5.0 percent year-over-year home sales increase in May 2016 with 2,887 sales, up from 2,750 in May 2015. The median price of a home in the city of Chicago in May […]

It seems that several times a month there are announcements for new apartment buildings all over the Green Zone, and sometimes, even outside of the Green Zone. Last week, Lennar announced yet another new building, this time in River North. The bulging pipeline of new apartments in River North is swelling a little bit more. […]

This is one of the hottest housing markets that Chicago has ever seen…in the Green Zone. The entire city isn’t as hot as it was in 2005-2007, but in certain Green Zone neighborhoods, the price is well past peak with multiple offers, bidding wars, buying sight unseen and other nonsense association with super hot housing […]

As we already knew, things are hot, hot, hot. I know this “news” is from last week, but it’s our duty to chatter about the monthly sales numbers so here it is. From the Illinois Association of Realtors: The city of Chicago saw a 7.9 percent year-over-year home sales increase in April 2016 with 2,628 […]

Record low inventory? It is WORSE than 2013 when I had to go to like 2 posts a month because there was nothing to chatter about. But, there’s a lot that appears to be coming on the market in the upper bracket. We may have to concentrate on the upper bracket market for the rest […]