We’ve chattered in the past about this condo building at 2518-2540 N. Lincoln in Lincoln Park. According to DNA Info, the rumors about it being torn down and replaced with a new apartment building are true. Demolition on the condo building on Lincoln Avenue just southeast of Sheffield Avenue will begin in March to make way […]
We’ve chattered about how quickly some properties are selling in 2015. The data is confirming it. For condos in the GreenZone, the market times are the fastest they have been since the frenzied days of the housing boom in 2007. From Crain’s: In June, condos in the city sold in an average of 61 days, the […]
The Illinois Association of Realtors is out with June sales. As expected, sales are strong as the Chicago housing market continues with its hottest year since the housing boom. From the Illinois Association of Realtors: “The city of Chicago saw sales of 3,110 homes in June 2015, up 9.3 percent from last year when 2,846 […]
The Illinois Association of Realtors is out with April’s data. As expected, sales were up. The city of Chicago saw sales of 2,386 homes in April 2015, up 5.8 percent from last year when 2,256 homes were sold. The median price of a home in Chicago was $275,000, up 10.0 percent over April 2014 when median […]
Multiple bids. Waiver of appraisal contingencies. Offers over list price. Waiving inspections. Record high prices which keep climbing. Welcome to Chicago’s 2015 spring housing market. These conditions are no longer limited to the GreenZone. The market is this hot everywhere in the Chicago and Chicagoland housing market. Homebuyer Maria Casillas drags her two kids from one […]
As Gary already reported, sales jumped year over year in March as the spring buying season got underway. From the Illinois Association of Realtors: The city of Chicago saw sales of 2,118 homes in March 2015, up 13.0 percent from last year when 1,875 homes were sold. The median price of a home in Chicago […]
Sales have picked up all around Chicagoland this spring, and not just in the GreenZone. Finally, the sizzle is hitting ALL markets. As the Chicago Tribune reports: The story of a handsome brick bungalow with a touch of green trim in Elmwood Park may not be the norm. But neither is it the exception in […]
Nearly every month in 2014 showed declining sales compared to 2013 even though mortgage rates moved lower. Finally, February 2015 bucked that trend as sales rose year over year. From the Illinois Association of Realtors: The city of Chicago saw sales of 1,448 homes in February 2015, up 3.9 percent from last year. The median […]
January 2015 continued the trend that was noticeable throughout the fall and winter of 2014, and that was declining housing sales. Remember, last winter was the polar vortex with record cold blasts and the second highest seasonal snowfall ever. This January closings, for the most part, would have gone under contract in November and December of […]