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

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:

Slightly misleading kitchen photo :)

by Fran Bailey on February 4, 2010 · 0 comments

in Humor

Listing photo

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

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

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

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:

Lakeview 3 bedroom 2 bath condo prices fell 5.9% in past year

Thumbnail image for Lakeview 3 bedroom 2 bath condo prices fell 5.9% in past year January 23, 2010

This afternoon I showed 3 bedroom 2 bath condos and townhouses in Lakeview. As shown below by the green and black dashed lines the median sale prices for these 3 bedroom 2 bath homes for the past year fell from $507,500 to $477,500, a drop of 5.9%.
The distribution of prices didn’t change much, just the [...]

Read the full article →

Baird & Warner to match Realtor and employee donations for Haiti

Thumbnail image for Baird & Warner to match Realtor and employee donations for Haiti January 20, 2010

Baird and Warner’s CEO, Steve Baird, on Baird and Warner’s plans to raise money for the Haitian relief effort:

B&W Good Will Network Haiti Relief from Baird Warner on Vimeo.
It’s another example of why I’m proud to be a Realtor with Baird and Warner!
Similar Posts:

Baird & Warner CEO on Consumers and the Market
Steve Baird on the [...]

Read the full article →

Home sellers should insist on electronic lockboxes

Thumbnail image for Home sellers should insist on electronic lockboxes January 17, 2010

Yesterday when I tried to schedule a second showing for a house in Park Ridge I was informed that showings were canceled since the key was lost. I recall from the first showing that the house only had a manual lockbox. Such lockboxes invite problems. There’s no record of who opened the lockbox and when. [...]

Read the full article →

Gold Coast’s E. Lake Shore Drive Broker Tour 01/12/2010

Thumbnail image for Gold Coast’s E. Lake Shore Drive Broker Tour 01/12/2010 January 12, 2010

This afternoon I attended broker tours on East Lake Shore Drive in the Gold Coast. Eight different agents from a variety of brokerages wisely coordinated and promoted their tours so that agents could tour 9 different condos on the 2 block strip of East Lake Shore Drive between Michigan Avenue and Lake Shore Drive. One [...]

Read the full article →

Chicago Tribune features Near West Side’s Fulton River District

Thumbnail image for Chicago Tribune features Near West Side’s Fulton River District January 8, 2010

Today’s Chicago Tribune had a nice article on the Fulton River District Neighborhood located in the Near West Side area of Chicago. The Fulton River District is bound by the Chicago River on the east, Interstate 90/94 on the west, Ohio Street feeder ramps on the north and Madison Street on the south. While the [...]

Read the full article →

North Center 3 & 4 bedroom condo sales evaporate above $600K

Thumbnail image for North Center 3 & 4 bedroom condo sales evaporate above $600K January 6, 2010

A couple of my buyers found a 3 bedroom townhouse for sale in Chicago’s North Center area that they really like. However, there just aren’t any comparable sales to justify a price anywhere close to what the sellers are asking well into the $600Ks so my sellers are going to keep looking. As shown [...]

Read the full article →