Love Views? Completely Renovated 2/2 at 1030 N. State in the Gold Coast
This 46th floor 2-bedroom in Newberry Plaza at 1030 N. State in the Gold Coast came on the market in December 2020.
Newberry Plaza was built in 1974 and has 555 units and attached parking.
It has 57 floors and according to Wikipedia, was the 6th tallest all-residential skyscraper in the world when completed (the Hancock has commercial space so it wasn’t in the competition).
Wikipedia also says it was the first in the city to have townhomes built on the pedestal of the building. Those are known as “skyhomes.”
It’s a full amenity building with a 24-hour doorman, outdoor pool, fitness center and package room.
This 46th floor corner unit has north and west views, including of Lincoln Park and the Lake.
The listing says it has been “completely renovated.”
It has hardwood floors throughout.
The kitchen has either light blue or gray cabinets (what’s your guess?) with white stone counter tops and backsplash along with stainless steel appliances, including a wine refrigerator, and a 2-person breakfast bar.
The listing says the unit has “spa-like baths.”
The primary bedroom has an en suite bathroom with a double vanity and walk-in-shower.
It also has a walk-in-closet.
The unit has a unique wine closet in the foyer.
It also has the features buyers look for including central air, washer/dryer in the unit and parking is available to rent for $285 a month.
The listing says these assessments are “low” and the building hasn’t raised them in 11 years.
It also says the hallways are being remodeled with no special assessment.
This building is in the heart of the shops/restaurants of the State/Rush corridor.
Is this a perfect high rise city home for those who want to be in the heart of everything, with views?
Christian Pezzuto at Berkshire Hathaway HomeServices has the listing. See the pictures and floor plan here.
Unit #46B: 2 bedrooms, 2 baths, 1000 square feet
- Sold in January 2020 for $366,500
- Originally listed in December 2020 for $619,000
- Reduced
- Currently listed at $589,000
- Assessments of $671 a month (includes heat, a/c, Internet, cable, doorman, outdoor pool, fitness center, package room)
- Taxes of $703
- Central Air
- Washer/dryer in the unit
- Rental parking available for $285 a month
- Bedroom #1: 11×13
- Bedroom #2: 9×10
- Living room: 25×14
- Kitchen: 10×10
- Foyer: 8×6
- Walk-in-closet: 4×10
Having wine storage being a focal point seems cheesy. The staging is trying to shove 10lbs in a 5lb bag.
2nd Br pretty small, would work as a guest bed
$200k+ over 2020 sell price and the Viagra Triangle for a front yard. Hard pass.
This is a 1 bedroom plus den. The den can only fit a crib or maybe some sort of desk / couch.
I’d much rather have another closet space than the cheesy wine rack. There already is a wine fridge in the kitchen if wine is your thing.
$703 tax bill, is that a typo?. The assessments seem ok. I’d rather rent at 2 west Delaware if I wanted luxury in the Gold Coast and keep my down payment in the stock market.
Personally, I’d want some outdoor space/balcony if I’m spending this much. It looks cramped.
“$703 tax bill, is that a typo?”
Senior freeze applied to the ’19 (pay 20) taxes.
AV indicates taxes w/ HO, but no senior, exemptions would be about $6k.
To the wine:
If they didn’t run a separately controlled hvac vent into the space, what’s the point? Would be better with cabinets.
I see the finishes in this unit aging horribly.
The “current” grey tones are the equivalent of shiny espresso floors and espresso cabinetry 10 years ago.
I hope the obsession with grey goes out of style soon. It seems like we’re going on 10 years of grey being in style. Ugh.
Is the market for this someone looking for an in-town? Someone without any pots or pans? Just drinks wine before hanging out at Viagra triangle? Are in-town buyers returning yet?
I like the gray look today. I prefer white and I have always preferred white over any stained wood for cabinets.
Taxes do not reflect the 2020 sale. Next owner will easily see a 7k or more.
Oh my, the remodel was done so neutral it actually offends me.
Wine display in the foyer just screams tacky.
That “2nd” bedroom is tight even for vintage chicago standards.
The good new is the potential is there, great location, IRC good building, and a high floor.
The price is too high in my view for a 1 bedroom, but for someone needing a stabbin cabin or a place for a temporary mistress it seems to fit that demographic.
This is a very cramped unit, though the finishings/view are nice and I like the neighborhood (Rush Street restaurants are really hopping this summer and the area feels alive).
All in all, this is a rather generic, 1970s building and while I like high floors, unfortunately the balconies end about seven floors below this unit. A balcony would make a really big difference when you think of how cramped this place is. Basically, 1,000 SF is a very small 2 BR. Last one we lived in (in Lincoln Park, in a building from the same era), had 1,250 and felt nice and spacious.
A balcony at this height would be useless.
This unit is kinda boring looking…why no pictures of all the common amenities?
Definitely an in-town for a rich person who needs to be in this location….
“$200k+ over 2020 sell price and the Viagra Triangle for a front yard. Hard pass.”
A new luxury apartment building may be going into the old Barnes & Noble space just up the street, although the alderman hasn’t approved anything yet.
Just a block up, on the corner of Division and State, a new mid-rise luxury apartment building is going in.
Plenty of people want to live near the Viagra Triangle.
Neighborhoods change. Gold Coast has been an “old” neighborhood for a number of years but many older residents are moving out. Neighborhood is going to be turning over. It will be interesting to see what type of new bars/restaurants come into this area to meet demand from the new residents.
I would expect Newberry Plaza to get really popular in the next few years with buyers as the neighborhood changes.
The units will have to be renovated, like this one is. But that’s common given that it’s a 1970s building.
The views are wonderful and unusual in this neighborhood at this price point. All they are building in this neighborhood is apartment buildings. There aren’t going to be any new “affordable” condo buildings in this area.
Anyone know if there are concrete walls between units like in other 1970s buildings? If so, that means it’s really quiet.
“A new luxury apartment building may be going into the old Barnes & Noble space just up the street”
It’s gone? Bummer. Spent a lot of hours upstairs there. But I suppose it was never very busy.
“A new luxury apartment building may be going into the old Barnes & Noble space”
“Just a block up, on the corner of Division and State, a new mid-rise luxury apartment building is going in.”
“Plenty of people want to live near the Viagra Triangle.”
Sure, living near the Viagra Triangle and Hangge Uppe and close to Michigan Ave. probably has its appeal to young renters for a few years. But those looking to inhabit “luxury rental apartments” are typically in a different stage of life than those looking to purchase a $600k condo.
“This building always makes me think of Viagra Triangle call girls and convention-biz escorts.”
Again, HH doesn’t live in Chicago and this neighborhood has changed.
Thanks to covid, no “convention biz escorts” and those would be in River North outside of covid, wouldn’t they?
I really wish all the older people on this blog would get with the times. The city you “knew” in the 1990s doesn’t exist anymore. The hot neighborhoods have changed. Entertainment and restaurants have moved. Baby Boomers are retiring. The “viagra triangle” guys are like 80 and living in Florida.
“The city you “knew” in the 1990s doesn’t exist anymore.”
I know and it sucks. Urban monoculture is worse than the suburbs these days. Which is why the median day on the market for places like Tinley Park is 4 days. 4 days!
Median day on market in 60611 which includes the viagra triangle is 157 days…..whomp whomp Orland Township went for Trump too..how can red suburbs be more desirable (or deplorable) than deep deep blue 60611..
quick, change the narrative!
“Median day on market in 60611 which includes the viagra triangle is 157 days…..whomp whomp Orland Township went for Trump too..how can red suburbs be more desirable (or deplorable) than deep deep blue 60611..”
Yawn.
Why don’t you give the median days on the market for Lakeview? Bucktown? Logan Square? Hyde Park? Portage Park?
Oh wait- you pick the ONE neighborhood that got hit by COVID and the riots and which EVERYONE KNOWS is a slow market.
But wait a minute- it’s improving you say? Yes- according to Crain’s- inventory downtown was 30 months last year and has dropped to 12 months. Still a buyers market, but as more snap up deals, that inventory is going to evaporate. They’re not building many new downtown condo buildings except at the luxury level.
If you want to buy, you’ll have to spend more by next year as that inventory burns off.
So, yeah, HD. Like WP- you too are trying to say the city is doomed when, again, it’s exploding in energy.
A suburb went for Trump? Yawn. Most of them aren’t anymore HD. Hell, even DuPage County went hugely for the Dems now. If Orland Township is all you got- not going to win many elections that way.
From Crain’s:
Michael Rosenblum, a Berkshire Hathaway HomeServices Chicago agent, said prices dropped to levels “we haven’t seen since 2009, 2010. People see these prices and they come.” He represented buyers who paid $813,000 in early June for a condo on Garland Court. That was 11 percent less than the sellers paid five years ago for the three-bedroom, 14th-floor unit with a view over the top of the Cultural Center to Millennium Park and the lake.
In Streeterville, River North and the Gold Coast, enough homes were on the market last September to fuel 30 months of sales, according to Sherry Hoke, a Jameson Sotheby’s International Realty agent with a downtown focus. Now, it’s just under 12 months.
“I see that coming down a lot farther as people have confidence in the vaccine, they see the restaurants are filling up again and they get excited again about being in an urban environment for the culture,” Hoke said.
For anyone who admires Chicago’s central core and necklace of close-in neighborhoods, the prospect of a comeback is gratifying and likely never in doubt. Now, with condo prices in those areas enticingly low and the appetite to be downtown high, the condo market “is about to get crazy,” Rosenblum said.
https://www.chicagobusiness.com/residential-real-estate/get-ready-downtown-condo-buying-binge
“The city you “knew” in the 1990s doesn’t exist anymore.”
It’s ironic that the person who claims to be buying guns to protect himself, says that it sucks that the city of the 1990s doesn’t exist anymore as crime was much worse in those years than anything we’re seeing now.
https://www.dailymail.co.uk/news/article-9695591/Tucker-Carlson-slams-Lori-Lightfoot-caring-raising-Juneteenth-violent-crime.html
Tucker Carlson ripped into Lori Lightfoot for seemingly focusing more on Juneteenth and radical socialism than trying to tackle the violent crime gripping Chicago.
The Fox News host took aim at the Chicago mayor during his opening remarks on Wednesday night’s broadcast, complete with a graphic labeling her ‘America’s Worst Mayor.’
‘Since the death of George Floyd last May, Chicago’s mayor, Lori Lightfoot, has embraced every part of the equity and inclusion agenda,’ Carlson opined.
He noted that ‘nearly 200 more people have been murdered this year than last’ in Chicago, including four in a mass killing on Tuesday.
“This building and its location are in the past, and there is no current buzz or association with this building, so it’s known for only its past with high-end call girls and escorts. Is there anything else to discuss about the building now? A: No.”
Like I said, the neighborhood is turning over. A new generation is moving in but it’s not going to happen overnight.
It might make sense to buy into the neighborhood BEFORE they build the luxury condo building right across the street (as has been discussed) and before the new luxury apartment building is built half a block away which brings in a new group of residents.
The new apartment building at State and Division is already being built but that building is also going to have a big impact.
Oh, and they’re building that luxury condo building over on Maple next to Maple & Ash too.
So, yeah, there ARE reasons to talk about this building as this neighborhood changes.
But if you lived in Chicago, you’d know this HH.
“Tucker Carlson ripped into Lori Lightfoot for seemingly focusing more on Juneteenth and radical socialism than trying to tackle the violent crime gripping Chicago.”
Who?
“Who?”
Lori Lightfoot is the current mayor of Chicago.
In the mid-1990s, I was a reporter covering crime in Chicago for a major media outlet. Those who say it’s worse now don’t know what they’re talking about.
There were more murders per year, on average, in 1990-1995 than now. The grim high-rise housing projects were practically war zones. I still remember my time working the night shift covering crime at police station at 51st and Wentworth. Constant radio calls of “Shots fired.”
Certainly it’s no picnic today and crime is high, but to imply the 1990s were better is uninformed.
“Those who say it’s worse now don’t know what they’re talking about.”
The problem is, Dan, that in the early 90s, NYC and LA were pretty similarly bad, and DC had a much higher murder rate. NYC had over 2x the murders as Chicago in those years. So Chicago looked a lot like other big cities.
Since then, NYC and LA and DC have, in generally, had massive decreases in crime, while Chicago has merely had large decreases, with occasional bad years. By ’98, NYC had fewer homicides than Chicago; it flipped back from ’04-’11 (but only by a few handfuls), but from ’12-present NYC’s numbers dove, while Chicago climbed again. Similar story with LA. In 2016, Chicago had more homicide than LA and NYC *combined*.
So, yeah, nothing like the early 90s, but no place else is, either, and we suffer by comparison.
“In the mid-1990s, I was a reporter covering crime in Chicago for a major media outlet. Those who say it’s worse now don’t know what they’re talking about.”
Agreed, Dan #2. Crime in EVERY major city was awful in the 1980s and 90s. The cities were “dead” back then. Who would want to live in them?
Every city is grappling with an increase in crime right now. Suburbs too- but you don’t have major media outlets in the suburbs talking about the car jackings in Naperville or the shootings going on. This is true in every city, by the way.
All that is “reported” is the big urban center.
anon(tfo) makes good points about Chicago’s crime rate, and I’d also like to add that:
1) The early 1990’s were 30 years ago. That was a long time ago. Chicago’s crime rate today, like anon(tfo) pointed out, is too dang high…and in the 1990’s, few had cell phones, or even the internet, and were still recieving AOL discs in the mail on a weekly basis.
2) The 1990’s homicide rates were ridiculous but advances in modern medicine and most hospitals have saved many, many lives.
3) a lot of that crime in the 1990’s like you pointed out was contained to the projects; now the crime is spread out over many neighborhoods, and while it is concentrated in a few, it has clearly spread beyond as criminals travel to the 18th precinct and beyond for better opportunities.
4) As a former newspaper reporter, as dan said, he should know that perception is everything, and when Tucker is blasting out, as his lead story at least twice a month, how awful Chicago is, there’s literally 3-4 million people watching, and countless sharing of the clip over email, and on twitter, and especially facebook. Tucker’s first story for his documentary series was about Chicago’s out of control crime spree…
5) Last May, the first day of the riots, had the dubious honor of being the deadliest 24 hours of crime in Chicago’s history since the University of Chicago began keeping records in the 1950’s when the population had a million more people;
6) and since that day, the trajectory has only been up and up. people are scared
7) i’m not sure what world yuo travel in but the people I know are fearful of returning downtown. Like actually fearful, with families getting robbed at gunpoint; and roving gangs of divvy criminals swarming people; and the Red Line is dangerous, like truly dangerous at this point. They all can get used to the commute again but few want to return to downtown, or stay late again, or take a late train.
You can say “oh that’s nonsense” but that’ just sticking your head in the sand.
“The problem is, Dan, that in the early 90s, NYC and LA were pretty similarly bad, and DC had a much higher murder rate. NYC had over 2x the murders as Chicago in those years. So Chicago looked a lot like other big cities.”
What do LA and NYC look like right now? Not good.
EVERY city is seeing a surge of crime.
“3) a lot of that crime in the 1990’s like you pointed out was contained to the projects; now the crime is spread out over many neighborhoods, and while it is concentrated in a few, it has clearly spread beyond as criminals travel to the 18th precinct and beyond for better opportunities.”
This is wrong. Completely wrong. Go look at the crime maps Homedelete.
“6) and since that day, the trajectory has only been up and up. people are scared”
YOU are scared Homedelete. Sitting in your suburban house. Surrounded by your AR-15 and dozens of guns.
Ask yourself: why???
“7) i’m not sure what world yuo travel in but the people I know are fearful of returning downtown. Like actually fearful, with families getting robbed at gunpoint; and roving gangs of divvy criminals swarming people; and the Red Line is dangerous, like truly dangerous at this point. They all can get used to the commute again but few want to return to downtown, or stay late again, or take a late train.”
No offense Homedelete, but people were being mugged BEFORE the pandemic. And yes, people were jumping out of cars and asking for your phone at gunpoint. 2 years ago.
The DOJ sent the Feds in, remember. And the city started paying more attention to social media etc.
It went away during the pandemic. But it’s back again.
How do you stop that random mugging? That was the question before and it is now too.
I haven’t been on the Red Line, so I don’t know what’s going on there. But given the source, I would say it’s likely not “dangerous” but fewer people on the trains, ALL the trains, have made them creepier. Some teens have been doing muggings though. The police are making arrests, however, to send a message that muggings won’t be tolerated. It will help when there are simply more people on the system. The buses haven’t had many issues as more passengers are on those.
Downtown is very crowded with suburbanites and tourists right now. As is Wrigleyville, Lakeview and Lincoln Park.
I can’t tell the difference with any other pre-covid year. Your “fears” are yours.
However, Mayor Lightfoot has asked the federal government to send more help. I hope they do so as it seemed to help the last time the DOJ got involved.
I’m with Sabrina on this. Yes, the crime stories about muggings on the Gold Coast worry me because that’s where I am and I don’t want to worry about walking around at night. Same with stories about crime on the red line, since I take it so much.
I would be very happy to see Lightfoot bring back the Feds if that could bring crime down. I think the government has to get much tougher. Having the current Cook County state’s attorney is not helpful. She needs to go.
I’m for very strong law enforcement in the downtown areas. If they aren’t safe, the alarmist rantings of people like HD will end up coming true. People will leave and tourists will stop coming.
All that said, I’ve not yet felt unsafe anywhere on the North Side. And I’ve been all over and taken the red line late at night. Yes, there are some unpleasant-looking people on the trains, but none have ever threatened me.
And Sabrina is right. The Magnificent Mile is alive with tourists and residents enjoying themselves at all hours. It’s a joy to see after 2020. My wife and I ate dinner on Halsted and Willow the other night and walked back home to the Hancock from there as the sun set. We felt perfectly safe the whole time and didn’t even see a homeless person till we got to Division Street. It couldn’t have been more pleasant.
I hear you dan #2, but I don’t know if I believe you. I’m not downtown everyday but when I have been recently it has not been as you described. I’ve also seen the news, seen the crime blogs, talked to other residents, seen the reporting, watch the news, and talk to others who are down there frequently. There are shoot outs on the streets far more than per-covid. Not sure what world you live in but it’s certainly not the world as I and many others believe it to be. But you may see things differently because you admittedly own property down there and have an invested reason to see it through rose colored glasses.
Three blocks from my home is a park filled with large mouth, blue gill, turtles frogs geese and ducks. Three blocks from the Hancock are car jackers shooting anyone who resists.
https://cwbchicago.com/2021/06/man-shot-critically-wounded-during-gold-coast-carjacking-attempt-police-say.html
This was certainly not normal precovid, this was one of the safer areas in the city.
https://cwbchicago.com/2021/06/60-shots-fired-killing-23-year-old-man-in-the-loop-on-saturday-afternoon.html
Precovid I was downtown everyday for work and play since the 1990’s. 60 shots fired on a Saturday afternoon in the loop? That’s lawlessness. I don’t ever remember this happening.
Or maybe this is just the new normal
I don’t know how much time HD spends in the city, but I doubt it’s as much as I do. I stick by what my eyes tell me. The near North Side, at any rate, along with the Mag Mile, appears to be thriving. And all the restaurants we’ve been to lately have been packed.
I’m not saying crime isn’t a problem. It is, and more needs to be done, as I said. But people who rely on the media to shape their views rather than experience are bound to get a skewed version. I hear that the fascist-loving SOB on Fox News has been tearing apart Chicago on almost a nightly basis. That is a propaganda effort, not based on reality. The local news programs aren’t any better. As we say in the news business, “If it bleeds, it leads.”
As for believing me, HD, I can’t force you to. But I don’t appreciate your implication that I’m telling tales. I’m writing this answer from a red line train.
“As for believing me, HD, I can’t force you to. But I don’t appreciate your implication that I’m telling tales. I’m writing this answer from a red line train.”
https://mobile.twitter.com/CWBChicago/status/1405354510600400902
“Police: Up to a dozen teenagers chased, beat, and robbed a 16-year-old at the Chicago Red Line station Tuesday evening. It’s the latest in a series of incidents along the downtown train lines.”
Guess you were a minute too early for this incident a few days ago!
https://chicago.cbslocal.com/2021/06/19/south-wacker-drive-downtown-chicago-stabbing/
At 4 p.m., the 31-year-old woman was on the sidewalk, next to a power station that overlooks the Eisenhower Expressway – which starts right around that point.
A man came up, took out a knife, and stabbed the woman from the back. A dispatcher reported over police radio that the woman was found bleeding from her neck.
The woman was taken to Northwestern Memorial Hospital, where she was pronounced dead. The man who did it ran away.”
***********
“ Several high-profile acts of violent crime have been reported downtown in recent weeks. But Brown said the claim that violent crime is up downtown is a myth.
He said in the Central (1st) and Near North (18th) district, which together stretch from Lincoln Park to the Near South Side and include the entire downtown area, have seen a reduction in both homicides and overall crime.
Still, Brown said, “One crime is too many.”
It’s OK guys, crime is down. Don’t worry about this random murder in the loop during the day time. It’s safe to go back downtown to the office!
Thanks for citing a couple of crimes. After I already said I realize crime is a problem, meaning my head isn’t buried in sand. You remind me of the imbecile Republican congressman who brought a snowball into the Capitol to “prove” that global warming is a “myth.” Crime is always going to happen, like snowstorms, whatever current overall statistics are.
As far as the Loop stabbing yesterday, it wasn’t exactly on State and Madison. It’s not really the Loop, actually. I know nothing detailed, but it’s possible the perpetrator knew the victim. There was a homicide last week in the Near North police district that covers Streeterville and the Gold Coast. It was the first homicide of the year in that district.
“It’s OK guys, crime is down. Don’t worry about this random murder in the loop during the day time. It’s safe to go back downtown to the office!”
We don’t know if it was “random.”
You’re a lawyer HD. You know that stabbings are usually a crime of passion because you actually have to touch the victim. Most times, stabbings are done by someone the victim knows.
That being said, maybe this was a rare “random” stabbing crime. Either way, it’s tragic.
But it’s not going to stop people from coming back to the office. It didn’t before the pandemic and it’s not going to now.
“Guess you were a minute too early for this incident a few days ago!”
I find it really sad that HD is on this blog basically reading the doom and gloom sites and obsessing over every crime that is reported.
There’s no balance to just pointing out whatever is on the Chicago Scanner every night. Similar incidents are happening in the suburbs too.
Why isn’t HD telling us all about the brawls taking place at Great America every weekend, both inside the park and out in the parking lot, where the police have had to be called in multiple times?
Because that’s in the suburbs and doesn’t suit his “agenda.”
The city is doomed. The city is scary. Be scared. Live in fear.
But it’s okay to go to Great America.
Yeah- it’s summer in the city. It’s a big city and a lot of people have guns. Violent crime is up in nearly every American city. I hope we can reverse course soon.
I’m more concerned with the carjackings and muggings than anything. It reminds me of pre-pandemic when there was a shoot-out in the Gold Coast.
The cities need help. I hope the Feds stay involved.
“I don’t know how much time HD spends in the city, but I doubt it’s as much as I do.”
He spends none, Dan #2. He watches the Chicago Scanner account on Twitter and reads the crime blogs and thinks he “knows.”
Meanwhile, there were thousands of people on Chicago’s Riverwalk enjoying the summer weekend this weekend and all the river boat tours were sold out.
“Precovid I was downtown everyday for work and play since the 1990’s.”
As I said: Homedelete literally hasn’t been in Chicago in 15 or 16 months. He doesn’t live in the city and hasn’t for a decade+. He got on a train and walked from Ogilvie or Union Station to some building a few blocks away and therefore he “knows” the city.
And yeah, Homedelete, the wildings etc. have been happening for 5+ years. You are just choosing to have a selective memory.
“I’m not downtown everyday but when I have been recently it has not been as you described.”
You came downtown when the lockdowns and restrictions were still in place. Before the reopen. Before Wrigley Field was at capacity.
A tale of two different cities.
Get into the present, man.
There aren’t “shoot outs on the streets far more than pre-covid.” That’s simply you listening to the doom and gloom media more than you were a few years ago.
And Dan #2 doesn’t “own property there.” He’s renting.
Interesting.
Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed. New listings, a key lever for home sales growth, have held up better than pending sales and are inching up increasingly close to 2019 levels. Unless otherwise noted, this data covers the four-week period ending June 13. Redfin’s housing market data goes back through 2012.
https://www.redfin.com/news/housing-market-update-homebuying-demand-slips/?
“60 shots fired on a Saturday afternoon in the loop?”
Wells, south of Harrison, is the loop? And when you see the pix, the shooters were after *that* guy, only.
https://wgntv.com/news/chicagocrime/man-shot-to-death-while-sitting-in-parked-car-in-south-loop/
Still, not good.
Sabrina makes a good point. I don’t own in the Hancock, I rent. So any post I have defending the city actually hurts me because if rents go up, I pay more. And if prices rise and I want to buy, I’m going to be the one reaching deeper into my wallet.
If I were as cynical as HD thinks I am, I’d be on here bad-mouthing the city like he does.
Fortunately, I’m not on this blog trying to raise my property value. Maybe that’s the ulterior motive of someone like HD, though. Trying to get more people to move out by him.
“What do LA and NYC look like right now?”
LA 2021 homicides YTD to 6-12 = 148
NYC 2021 homicides YTD to 6-13 = 194
Chicago 2021 homicides YTD to 6-21 = 325
Based on that…
LA+NYC rate per 100,000 = 2.8, so far
Chicago rate per 100,000 = 11.6, so far
For reference:
Nationwide rate for 2019 = 5.0
Yes, LA and NY are looking *terrible*. They will likely end up with a rate a bit worse than the nation as a whole two years ago. Chicago has already lapped that figure, and has a solid chance at 5-fold higher.
In 1990, rates were 3+ times the national average in Chicago AND LA AND NYC. For a decade, NYC has been *below* the national average, and LA hanging around 1.5x. Chicago’s best showing? Something a little more than 3x the (much, much lower than the early 90s) national rate.
Yes, Anon. It’s very disappointing that Chicago hasn’t made the same progress as LA and NYC. I can’t say I understand all the reasons, either.
“Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed.”
Thanks for posting the link Madeline.
It all depends on where you are and it’s neighborhood by neighborhood.
Obviously, if there is no inventory, home tours, offers and pending sales will slow. You can’t go out and look at something that isn’t listed.
Some home builders are saying that people are going on vacation so they’re not coming into the sales centers right now. But many buyers also know there are wait lists, so why bother?
The lack of inventory is really hurting the market. It would be healthy for things to slow. 10 offers on a single property in Chicago isn’t really a good thing.
We’re also about to get the May data from the IAR. We all know from Gary’s updates that it’s another record month. But how much has it slowed in June?
Tucker playing the Puerto Rican parade execution on repeat during his monologue tonight…this can’t be good for properly values in east humboldt park
“Tucker playing the Puerto Rican parade execution on repeat during his monologue tonight…this can’t be good for properly values in east humboldt park”
Who is watching Fox and buying in Humboldt Park?
No one.
Property values up everywhere in the city.
By the way, Homedelete, is Tucker going on and on about the mass shooting in a Florida park on Father’s Day?
No?
I didn’t think so.
The “agenda” is clear.
https://www.clickorlando.com/news/local/2021/06/21/deadly-shooting-erupted-at-annual-fathers-day-event-sunday-evening-in-wildwood/
No, but you should forward the video to his tip line. The agenda is crime everywhere.