From the category archives:

Chicago Neighborhoods

Loop condos for sale – March 2010

Thumbnail image for Loop condos for sale – March 2010 March 13, 2010

For those curious about the prices of condos in the Loop, I thought you might find a currently price distribution chart* interesting. As shown below the $200,000 to $300,000 price range has the most condos for sale at 184. There are only 109 Loop condos priced below $200,000. There are 58 priced at $1M and [...]

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Lincoln Park 3 bedroom condos for sale vs. sold median prices

Lincoln Park 3 Bedoom Condos For Sale March 11, 2010

It was pretty damp as I ran my errands in Lincoln Park this morning. A check of recent median list prices of Lincoln Park 3 bedroom condos (and townhouses) for sale shows that sellers are dampening their expectations. As shown below, the median list price trend line (red) for Lincoln Park 3 bedroom condos for [...]

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Boystown 3 bedroom condo shopping – not for the weak!

Thumbnail image for Boystown 3 bedroom condo shopping – not for the weak! March 8, 2010

Saturday I showed primarily 3 bedroom condos in the Boystown Neighborhood of Lakeview. It was a beautiful day for condo shopping, but my buyer and I were exhausted after walking to all 9 condos for sale. Four of the condos were on the 4th floor which added to our workout. My buyer, Scott, joked that [...]

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2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago

Thumbnail image for 2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago March 1, 2010

After meeting with some sellers this past weekend about selling their 2 bedroom 2 bath townhouse, I got to wondering about how much of a difference a second bathroom adds to the value of a 2 bedroom condo or townhouse for sale. My research in the multiple listing system on 2 bedroom resales for the [...]

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Should you view homes above your price range, if they’re on market 30 days or less?

Thumbnail image for Should you view homes above your price range, if they’re on market 30 days or less? February 19, 2010

This week I received a great question. Michael M. asked, “Is it wise to see a home that only recently came on the market (let’s say less than 30 days) and is $25-50K out of your price range? Or should you wait until there is a price reduction that brings it closer to your [...]

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Edgewater 1, 2 & 3 bedroom condo sales – “nothing’s selling”?

Thumbnail image for Edgewater 1, 2 & 3 bedroom condo sales – “nothing’s selling”? February 17, 2010

An Edgewater 2 bed 2 bath condo I recently put on the market had its appraisal yesterday. There should be no problem with it appraising high enough. There were multiple offers and enough recent comparable sales to support the sale price.
I can’t help but think about a comment someone left on the blog, Edgewater Community [...]

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Lakeview 2 bed 2 bath condo sales off more in lower price ranges than higher price ranges

Thumbnail image for Lakeview 2 bed 2 bath condo sales off more in lower price ranges than higher price ranges February 14, 2010

Yesterday I showed primarily 2 bedroom 2 bathroom condos in the Boystown neighborhood in Lakeview. What’s interesting about the market for Lakeview 2 bed 2 bath condos is that the sales over the past year haven’t changed from the previous year the same way they changed in many areas.
The green bars in the chart below [...]

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Chicago Tribune reports on oversupply of downtown apartment rentals

Thumbnail image for Chicago Tribune reports on oversupply of downtown apartment rentals February 12, 2010

Today’s Chicago Tribune has a good article by Mary Ellen Podmolik on the deals available on downtown apartment rentals. According to the article, “A record 2,234 apartments will be added to downtown Chicago this year; increasing the supply of rental units at a time when inventory is already outstripping demand.”
According to Appraisal Research Counselor’s [...]

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Lincoln Square January house median $1.3M?!

Thumbnail image for Lincoln Square January house median $1.3M?! February 9, 2010

While working on my monthly real estate newsletter, “Maximizing Equity“, one statistic really caught my attention. The median sale price for houses in Lincoln Square for January 2010 was $1.3M! As shown below, it’s well above the monthly median sales prices in Lincoln Square for the past 2 years.
A closer look revealed that only one [...]

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Rogers Park 3 bedroom condo prices well below those in neighboring Evanston and Edgewater

Thumbnail image for Rogers Park 3 bedroom condo prices well below those in neighboring Evanston and Edgewater February 7, 2010

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 [...]

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