Edgewater

Edgewater condo market faring better than house market part 2 of 2

November 3, 2009

In part 1 I showed the elevated inventory of houses for sale in Edgewater vs. the declining inventory of condos for sale in Edgewater. As shown in the chart below, the median sale price for Edgewater houses in October was $495K, down 22% from October 2007. Contrast that with the chart of Edgewater condo median Click to continue...

Edgewater condo market faring better than house market part 1 of 2

Thumbnail image for Edgewater condo market faring better than house market part 1 of 2 November 2, 2009

An elevated inventory of houses for sale in Chicago’s Edgewater area is putting pressure on sale prices while a lower inventory of condos for sale is keeping condo sale prices fairly stable. As shown in the chart above, there are more houses for sale in Edgewater this year than last year.* At the end of Click to continue...

Andersonville, Chicago now also known for great (lake) pizza!

Thumbnail image for Andersonville, Chicago now also known for great (lake) pizza! September 13, 2009

The other night I showed a house in Chicago’s popular north side neighborhood, Andersonville. Long known for its diversity, Andersonville is now also known as the home of “The Best Pizza”. Earlier this year GQ Magazine named the Mortadella Pie at Great Lake in Andersonville as #1 among “America’s 25 Best Pizzas.” I find the Click to continue...

Edgewater’s 60660 faring better for 2 bedroom 2 bath condos than 60640

August 21, 2009

Wednesday evening Mary Kaye and I advised a gentleman on what to do to get his 2 bedroom 2 bath Edgewater condo ready for market. Fortunately for him, his condo is in the 60660 zip code (Northern Edgewater as shown below) where median prices have held up better over the past 2 years than in Click to continue...

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.* Click to continue...

In search of FHA approved condos in Andersonville and Rogers Park

June 21, 2009

Yesterday I talked with a buyer at Caribou Coffee in Boystown. He’s interested in buying a condo in Andersonville or Rogers Park using Federal Housing Administration (FHA) financing. FHA mortgages allow down payments as low as 3.5%. Unlike houses, not all condos are FHA approved. In Andersonville and Rogers Park most condos aren’t FHA approved. Click to continue...

Edgewater Beach Neighborhood in Chicago

May 15, 2007

While checking out videos on YouTube.Com, I came across the video below by YoChicago about the Edgewater Beach Neighborhood in Chicago. The neighborhood is in the southeast part of the Edgewater area of Chicago, just east of the Andersonville neighborhood. It’s bordered by Hollywood and Foster on the north and south and Sheridan and Broadway Click to continue...

Andersonville Fun Places

February 28, 2007

The other night while watching the Oscars, I came across a video by Ian Sklarsky on fun places to go in Andersonville (neighborhood in the Edgewater area of Chicago) that I think is quite good. Just to be clear, the video wasn’t part of the Oscars. I was web surfing during the boring parts. Thank Click to continue...

2 Bedroom Condos in Edgewater

March 28, 2006

Today I showed a buyer 2 bedroom condos in the Rogers Park and Edgewater areas of Chicago and in the suburb of Oak Park. I won’t spend much time on the condos in Rogers Park since I wrote about Rogers Park on Friday. There were several nice choices. I was impressed by the sound proofing Click to continue...

2005 Market Stats – Lakeview, Uptown, Edgewater & Rogers Park

February 2, 2006

Lakeview, Uptown, Edgewater and Rogers Park are 4 areas of Chicago on the north side along Lake Michigan. So you can compare the relative housing costs for the 4 areas, here are the average 2005 sale prices for 3-bedroom condos and townhomes along with appreciation rates. AREA AVG. SALE PRICE APPRECIATION Lakeview $602,429 6.8% Uptown Click to continue...

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