From the category archives:

Lakeview

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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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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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 [...]

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Chicago’s most walkable neighborhoods

Thumbnail image for Chicago’s most walkable neighborhoods November 11, 2009

Today’s Chicago Tribune included a list of the 10 most walkable neighborhoods in Chicago according to Walkscore.com.
The list caught my attention since I like to walk, but also because some buyers I’m working with wrote me, “A sense of being in a city neighborhood – where we can walk to great food markets, restaurants, and [...]

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Inventory of houses for sale in Lakeview’s most popular price range soaring!

Thumbnail image for Inventory of houses for sale in Lakeview’s most popular price range soaring! October 26, 2009

Yesterday I showed houses in several areas of Chicago including Lakeview. As the chart above shows via the green bars, the most Lakeview house sales have been in the $800K to $900K price range during the past year.* There were 10 sales in that price range. The black outlined bars show that the most house [...]

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Median 1 Bedroom Sales Prices From Lincoln Park up to Rogers Park

July 31, 2009

This week I talked with a gentleman who current rents in the South Loop. He’d like to buy a one bedroom condo on the north side. I explained that as you get farther north prices tend to get lower. A check of median one bedroom condo sale prices for the past 6 months confirms this.*

AREA
MEDIAN [...]

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A Good Example of Why Bringing a Home Purchase to Closing is a Team Effort

May 28, 2009

Yesterday I had a closing for a Lakeview condo that wouldn’t have happened for a few more days, if it weren’t for the extraordinary efforts of the buyer’s mortgage consultant, Michael Polera, and real estate attorney, Rachell Horbenko.
Condo financing is challenging in this market and even more so when a jumbo loan is involved. When [...]

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Why New Homes For Sale Should Have Inspections

April 6, 2009

Today my buyers of a new duplex condo in Lakeview had their home inspection. Even though they are buying a new home with a 1 year warranty, they wisely chose to have a home inspection before continuing with the purchase.
1. By getting a home inspection during an inspection review period, buyers have the option [...]

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Wrigleyville in Chicago’s Lakeview Area

March 27, 2009

This morning some buyers and I took a look at a beautiful duplex condo in the Wrigleyville Neighborhood within Chicago’s Lakeview Area. Wrigleyville doesn’t have well defined boundaries, but is generally considered the area around Wrigley Field, home of the Chicago Cubs, at the northeast corner of Addison and Clark.
You might feel a little out [...]

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