Developers are finally building mid-rise and high-rise condo buildings in Chicago again but nearly all of the new builds have been in the luxury price points. No.9 Walton in the Gold Coast is a good example of the type of new construction that dominated 2015. It will have just 66 units with the average size at […]
The Illinois Association of Realtors is out with the November sales data. While the country, the state of Illinois, and the 9-county metro area all saw sales take a steep dive in November, the City of Chicago held up well. The city of Chicago saw sales of 1,615 homes in November 2015, down 1.4 percent […]
I’ve been running this blog for 8 years and in that time there has only been one Federal Reserve policy: cutting rates and keeping them near zero. For the first time in 9 years, the Federal Reserve has raised the Fed Fund rate. Yes, it was just a quarter point to 0.50%. But most analysts believe […]
Chicago Magazine recently decided to look into the hot West Loop market. The West Loop is hot with trendy restaurants and new tech offices, and now a shortage of family-size condos is leading to bidding wars and higher prices. “I’m being contacted repeatedly by brokers on behalf of their buyers wanting to know about any […]
For the second year in a row, October sales fell year over year. From the Illinois Association of Realtors: The city of Chicago saw sales of 2,109 homes in October 2015, down 0.9 percent from last year when 2,128 homes were sold. The median price of a home in Chicago was $240,000, up 1.7 percent […]
This week, all the posts will be about Lincoln Park because . . . why not? The real estate is hopping in the most prestigious neighborhood in the city, including a LOT of new construction, mostly of multi-million dollar single family homes. Is Lincoln Park simply becoming the playground of the mega-rich? Can middle class buyers even […]
The Illinois Association of Realtors is out with the September home sales and the hot market continues to get even hotter. From the Illinois Association of Realtors: The city of Chicago saw sales of 2,358 homes in September 2015, up 5.2 percent from last year when 2,242 homes were sold. The median price of a […]
This is a very busy week for new construction announcements with seemingly at least a half a dozen GreenZone building announcements made this week. But none were more momentous than the two high rise projects announced for the South Loop. The first building is a Rafael Vinoly designed 76-story tower at 113 E. Roosevelt that […]
As expected, Chicago August home sales rose 6.3% compared to August of last year. From the Illinois Association of Realtors: The city of Chicago saw sales of 2,629 homes in August 2015, up 6.3 percent from last year when 2,474 homes were sold. The median price of a home in Chicago was $270,000, up 0.2 […]
It was one of the best spring and summers in the Chicago housing market since the housing bubble. Low inventory kept prime properties on the market for only a few days as bidding wars erupted, appraisals were waived, and prices moved to new records in many neighborhoods. Sales were at 10 year highs. Market conditions […]