The Case-Shiller Chicago Index for December is up 1.4% from December 2013. It’s the 26th consecutive month it’s been up compared to a year earlier. The index fell 0.9% from November. Drops from one month to the next are not unusual in the fall and winter months in Chicago. However, the drop was larger than […]
The Case-Shiller Chicago Index for October is up 1.9% from October 2013. It’s the 24th consecutive month it’s been up compared to a year earlier. However, this is the smallest increase since November 2012. It fell 1.0% from September. Drops from one month to the next are not unusual in the fall and winter months […]
The median sale price of large condos in Chicago rose at twice the rate of smaller condos in the third quarter. Condos with 2,000 square feet or more saw an 11.6% increase in median sale price from a year earlier. Condos with under 2,000 square feet saw an increase of only half as much at […]
The median sale price of Chicago houses in the third quarter was the highest since third quarter 2008. It was also the first time since then that the median sale price rose above $200,000.* The median sale price was $204,000, rising 13.3% from a year ago when it was $180,000. Back in third quarter 2008 […]
The Case-Shiller Chicago Index for August is up 2.9% from August 2013. It’s the 22nd consecutive month it’s been up compared to a year earlier. However, this is the smallest increase since December 2012. It rose 0.4% from July. It’s back up to its June 2003 level after falling to the April 2000 level in […]
Chicago home sales were down 9.3% in the third quarter, but ultra luxury sales soared to their highest level since first quarter 2008!* There were 26 sales of homes priced $3,000,000 or higher. As shown below, quarterly ultra luxury home sales typically fall in the range of 6 to 16. The average for the past […]
There’s been a lot written lately about highest real estate prices. Here’s what I found for highest downtown Chicago condo prices per square foot. There are different ways of looking at what’s the priciest real estate. One way is highest price. Last week David Lee Matthews wrote in Crain’s Chicago Real Estate Daily about a […]
The median sale price of listed 2 bedroom condos sold in the second quarter in Chicago was up 10.3% from 2013.* The median sale price was $320,000 compared with $290,000 a year earlier. As shown below, this is the 8th quarter in a row that the quarterly median sale price for Chicago 2 bedroom condos […]
Here are the 2014 Q2 statistics for ultra-luxury ($3M+) homes in Chicago along with the ultra-luxury homes for sale. Schedule a showing online! The quarterly inventory of Chicago ultra-luxury homes for sale was up 17.6% in the 2nd quarter.* There were 167 ultra-luxury homes for sale compared to 142 such homes for sale in 2nd […]
Here are 2014 Q2 statistics for 1 bedroom condos in Chicago along with 1 bedroom condos for sale by price range. Schedule a showing online! The median sale price of listed 1 bedroom condos for sale in the second quarter rose 9.9% to $214,250 from a year earlier.* The average sale price as a percent […]
While the inventory of luxury condos was up in the second quarter the inventory of mansions for sale dropped 14.0% from second quarter 2013.* There were 37 mansions for sale compared with 43 a year earlier. The number of distressed listings (short sales and foreclosures) stayed at 1. The number of pending sales for Chicago […]
The average market time for listed downtown Chicago apartments sold in the second quarter was down 59.5% from 3 years ago at 75 days.* The days on market was down 2.2% from a year ago. As shown below, it’s been a much shorter experience for selling this year than last year and the year before […]
The number of listed Chicago homes for sale for $1M or higher in the 2nd quarter was up 24.0% from 2nd quarter 2013.* There were 1,257 luxury homes for sale compared with 1,014 a year earlier. The percent of distressed sales (short sales and foreclosures) dropped from 1.8% of the inventory to 1.1%. In May […]
The inventory of listed Chicago condos for sale rose for the first time in a few years.* There were 13,540 condos for sale in Chicago in the second quarter up 6.6% from second quarter 2013 when there were 12,707 condos for sale. The percent of distressed sales (short sales and foreclosures) dropped from 24% of […]
Chicago’s Case-Shiller Index for May is up 8.5% from May 2013. It’s the 19th consecutive month it’s been up compared to a year earlier. It rose 1.5% from April. It’s back to its February 2003 level. The Case-Shiller Index for Chicago is based on resales of houses in the Chicago Metro Area. It’s published with […]
The median sale price of listed houses in Chicago in the second quarter was up 9.8%.* The median sale price was $185,500. The average sale price as a percent of original sale price for homes with no price changes was 97.7% up from 97.0%. The average sale price as a percent of original sale price […]
Fran Bailey, Realtor