From the category archives:

Lincoln Park

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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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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More Lincoln Park 3 bedroom 2 bath condos for sale than last year

Thumbnail image for More Lincoln Park 3 bedroom 2 bath condos for sale than last year December 20, 2009

Yesterday I showed a couple several condos and townhouses mostly in Lincoln Park. They’re looking for a condo or townhouse with at least 3 bedrooms and 2 baths. As shown below, there are more 3 bedroom 2 bath condos and townhouses for sale in Lincoln Park now than a year ago.*
This is in contrast to [...]

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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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Financing options for some new Chicago condos improving

October 5, 2009

Crain’s Chicago Business is reporting that some new condo developments in areas including River North, Lincoln Park, and the West Loop are offering low interest, low down payment financing to spur sales.
Tightened financing for new condo developments has been holding back sales so the banks that financed the developers are now offering attractive financing to [...]

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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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2 Bedroom Condo Prices Drop Nearly 7% in Lincoln Park

April 13, 2009

The other day I passed some clients’ former 2 bedroom condo in Lincoln Park. They sold it last year and took advantage of this market to move up to a newer 3 bedroom condo in the South Loop. Out of curiosity, I took at peek at where 2 bedrooms condos in their former building are [...]

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The Domino Effect in Real Estate

September 8, 2008

Today a couple of my buyers were supposed to have the closing for their new condo in the South Loop, but they fell prey to the domino effect.
The woman buying their Lincoln Park condo was supposed to close on the sale of her condo last week. An issue arose with her buyer’s financing and her [...]

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How a Buyer Agent Can Blow a Deal

August 20, 2008

Recently a home buyer lost out on a great condo in Lincoln Park, not because he didn’t have the best offer, but because his buyer agent was too obnoxious with the seller who wasn’t represented by a listing agent.
One of the sellers called me for advice on how to handle a multiple offer situation. Two [...]

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