From the category archives:

Lakeview

Lakeview 4 bedroom condo & townhouse sale prices rise 4.3% in 2nd quarter

Thumbnail image for Lakeview 4 bedroom condo & townhouse sale prices rise 4.3% in 2nd quarter August 20, 2010

This week I received an e-mail from a woman interested a 4 bedroom condo or townhouse in Lakeview for her growing family. She may find sellers not quite as negotiable as those for other condos and townhouses. Four bedroom condos and townhouses in Lakeview was the only attached housing type that saw an increase in [...]

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Buyer wins multiple offer contest on Boystown condo

Thumbnail image for Buyer wins multiple offer contest on Boystown condo June 26, 2010

Chicago’s Gay Pride Parade is in Boystown tomorrow. So I thought I’d share the story of my buyer, Scott, who recently closed on the purchase of a Boystown condo.
Scott was moving from a house in the suburbs. He wanted a 3 bedroom condo with a good amount of outdoor space and a garage spot. We saw [...]

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Lakeview vs. Chicago April 2010 home sales

Thumbnail image for Lakeview vs. Chicago April 2010 home sales May 27, 2010

Recently the Illinois Association of Realtors released market data for April 2010. The Realtor association report provided statistics for Chicago, but not areas within Chicago. I pulled together the statistics for Lakeview so that they can be compared to all of Chicago as shown left.
The 2 most often reported statistics, number of sales and median [...]

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East Lakeview 3 Bedroom Condos

Thumbnail image for East Lakeview 3 Bedroom Condos May 3, 2010

Yesterday afternoon I showed 3 bedroom 2 bath condos in East Lakeview including unit 2W at 635 W. Briar Place (shown left) priced at $585,000. It’s a attractive condo with high ceilings, lots of natural wood trim and a nice large deck, but my buyers didn’t like that the living room was on the other [...]

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Lakeview condos for sale hit 2 year high

Thumbnail image for Lakeview condos for sale hit 2 year high April 18, 2010

he number of condos for sale in Lakeview hit a 2 year high in March. Condo sellers jumped into the market hoping to find buyers motivated to sign a contract by April 30th to qualifiy for a tax credit. As shown below, there were almost 1,700 Lakeview condos for sale in March which was 24% [...]

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New Lakeview homeowners

Thumbnail image for New Lakeview homeowners April 1, 2010

I focus a lot on market data in this blog, so today I thought I would blog about the more personal side of my business. Shown left are John and Lisa, clients of mine who closed on their new home in Lakeview this week.
I started working with them back in December. Lisa found me online. At the Starbucks [...]

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Lakeview condos as 5 year investments

Thumbnail image for Lakeview condos as 5 year investments March 14, 2010

Last week I received a very interesting inquiry from a gentleman named Dave trying to decide between 2 different Lakeview condos. Dave thinks chances are good that he and his fiancee will be moving in 5 years and is wondering which condo will have the better resale value or if they should just rent. Without [...]

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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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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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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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4 Bedroom Condos Appreciating Better Than 3 Bedrooms in Lakeview, Chicago

February 27, 2009

This afternoon I showed 3 bedroom & 4 bedroom condos in the Lakeview area of Chicago. Now median sale prices are a rough measure at best of what’s going on in a market, but 4 bedroom condos have definitely appreciated better in Lakeview over the past 3 years than 3 bedroom condos have when you [...]

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