Chicago apartments for sale down over 31% in 4th quarter

Click to see full chart March 28, 2013

The inventory of listed Chicago apartments for sale continues to drop. There were 10,261 apartments for sale in Chicago in the fourth quarter down 31.7% from fourth quarter 2011 when there were 15,021 apartments for sale. Click to continue...

Chicago Case-Shiller Index down 0.9% from December

Click to see full chart March 26, 2013

Chicago’s Case-Shiller Index for January fell 0.9% from December. So it’s back to its May 2001 level. However, the index is up 3.3% from January 2012. This is the third consecutive month it’s been up compared to a year earlier. Click to continue...

Chicago 17th on Knight Frank 2013 Wealth Report

Knight Frank Wealth Report March 24, 2013

Today’s Chicago Tribune included an article by Mary Umberger on Knight Frank’s 2013 Wealth Report. Knight Frank is a global real estate consultancy. Their 2013 Wealth Report covers prime (ultra-luxury) property markets and the attitudes of high net worth individuals (HNWIs) towards property. HNWIs have minimum net assets of $30 million. Click to continue...

River North condos for sale down 49% in February!

Click to see full chart March 21, 2013

The inventory of listed River North condos for sale continues to plummet. There were 176 condos for sale in River North in February down 49% from February 2012 when there were 344 condos for sale! Click to continue...

Chicago luxury short sales & foreclosures for sale

Payment Record Document March 19, 2013

Last week on ChicagoRealEstateDaily.com David Lee Matthews wrote about Cook County’s largest foreclosures in 2012. Most of them were in the suburbs, but there were a couple of foreclosures (also known as REOs) in the $2M+ price range in Chicago. Click to continue...

Gold Coast condos for sale down 48% in February!

Click to see full chart March 16, 2013

The inventory of listed Gold Coast condos for sale continues to plummet. There were 228 condos for sale in the Gold Coast in February down 48% from February 2012 when there were 442 condos for sale. Click to continue...

1540 North Lake Shore Drive co-op apartments for sale

Click to see photos & details of all co-op apartments for sale at 1540 N Lake Shore Drive March 14, 2013

Vintage co-op apartments are for sale at 1540 N Lake Shore Drive in Chicago’s Gold Coast. Here’s a review of the building and the apartments I’ve previewed or shown along with photos and details of the other apartments for sale. None are my listings. Click to continue...

Houses for sale in Chicago IL down, sales & prices up in 4th quarter

Click to see full chart March 12, 2013

The number of listed houses for sale in Chicago IL in the 4th quarter was down 13% from 4th quarter 2011. There were 8,962 houses for sale in Chicago compared with 10,303 a year earlier. Distressed sales (short sales and foreclosures) remained the same at 40% of the inventory for sale. Click to continue...

Chicago homes with an elevator for sale

Elevator Button March 9, 2013

The number of Chicago homes for sale with an elevator is increasing. There are currently over 30 for sale. In 2012 34 such homes sold. In 2011 only 16 sold. Click to continue...

Condos for sale in Streeterville down 35% in February

Streeterville condos for sale 2013 February chart March 7, 2013

The inventory of listed condos for sale in Streeterville is down significantly from a year ago. There were 263 condos for sale in Streeterville in February down 35% from February 2012 when there were 406 condos for sale. Click to continue...

Lofts for sale in Chicago

Click to see all lofts for sale in Chicago March 5, 2013

There aren’t a lot of lofts for sale in Chicago. Lofts make up less than 5% of the Chicago condo market. The area of Chicago with the most lofts for sale is the Near West Side. You can also find several lofts for sale in River North, West Town and the South Loop. Click to continue...

Chicago ultra-luxury homes for sale down, sales up in 4th quarter

Click to see full chart March 2, 2013

The number of listed Chicago homes for sale priced $3M or higher in the 4th quarter was down 5.3% from 4th quarter 2011. There were 126 Chicago ultra-luxury homes for sale compared with 133 a year earlier. There were no distressed sales (short sales and foreclosures). Click to continue...

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