Tonight I’ll be watching the Super Bowl at a friends’ home in Rogers Park. Compared to neighboring Evanston and Edgewater, Rogers Park has very attractive home prices! I recently listed 7612 N Rogers #2 in Rogers Park. It’s a beautiful 3 bedroom 2 bath condo with a garage just a couple of blocks from the lake for just $350K!
As shown below sale prices for Rogers Park 3 bedroom condos and townhouses in the past year ranged from less than $50K to just below $450K.* The median sale price was $243K, well below the median in north neighbor Evanston at $287K and south neighbor Edgewater at $345K.
Distribution of Rogers Park 3 bedroom condo & townhouse sale prices during the past year
Search Rogers Park 3 bedroom condos and townhouses for sale
*Based on Midwest Real Estate Data LLC (MRED) Data.
Similar Posts:
Listing photo
A buyer and I were quite surprised when we viewed the kitchen of a house for sale after seeing photos of the home online.
Shown left is the photo of the kitchen in the online listing.
Below is what we actually found!
Actual Kitchen
Similar Posts:
Yesterday I attended the Chicago Association of Realtors’ 2010 Economic Forecast. Last year I wrote a few blog posts about the 2009 Economic Forecast. Gail Lissner with Appraisal Research Counselors was one of the panelists again this year. One of her slides that caught my attention is shown below.
Slide from Gail Lissner's Presentation at Chicago Assoc. of Realtors' 2010 Economic Forecast
The graph compares the number of downtown Chicago condos sold in the second half of last year with the number currently on the market in 5 different price ranges. What caught my attention were the numbers for condos in the $1M+ price range. As expected there were fewer sales than in the lower price ranges. However, there are currently more homes for sale than in the $700,000 to $999,999 price range and almost as many for sale as in the $500,000 to $699,999 price range!
Even in a normal market it takes homes in the $1M+ price range longer to sell, so that price range probably won’t ever have the comparable ratios of sold to for sale units. However, there’s no doubt that it’s a buyer’s market especially so in the $1M+ price range!
Search $1M+ downtown Chicago condos for sale
Similar Posts:
Chicago’s Case-Shiller Index seasonally adjusted for November 2009 fell 0.8% from October, falling for the second month in a row after the housing index rose for 5 straight months last year. The drop was less than the drop from September to October which was 1%.
Case-Shiller Indices for Chicago - November 2008 to November 2009
The index is down 6.5% for 2009 and 8.5% from a year earlier. The index is based on resales of houses in the Chicago Metro Area. It is published with a 2 month lag.
The percentage drop for the Chicago Case-Shiller Condominium Index from October to November was double that for houses, dropping 1.6%. It had risen from September to October a revised 0.5%. The condo index is down 7.6% since the start of the year and down 9.0% from November 2008.
For more in-depth Chicago Metro Area housing market analysis, sign-up for my monthly email update, “Maximizing Equity“.
Similar Posts:
