Corcoran Urban Real Estate
 

Monday Real Estate Round-up

The westernmost of three planned towers for Wolf Point has topped out, according to the Chicago Architecture Blog.
The tower has reached its planned height of 493 feet and its exterior skin has reached nearly that height. 

For photos and more, head here.

And, while the westernmost tower is under construction, new renderings have begun to circulate of the two other towers that will hug the Chicago River at the confluence of the North and South Branches.

The Chicago Architecture Blog revealed a stunning rendering of the glass clad towers by architects Pelli Clarke Pelli. The new design slims and heightens the south tower and could push it's height up above the planned 900 feet. 

For more on the exciting and high profile development, head over to the Chicago Architecture Blog here.

The numbers came in this past week and the most competitive housing markets for the month of June in the city of Chicago based on the average number of days it takes to sell a property are:

1. West Loop, 9 days on the market
2. Ukrainian Village, 10 days on the market
3. Logan Square, 11 days on the market
3. Wicker Park, 11 days on the market

The neighborhoods shuffle around a bit when adjusted for overall inventory numbers with all of them in an extreme sellers' market.

The West Loop has only .2 months of supply, and tied for second with a mere .3 months of supply are Bucktown, Logan Square, Roscoe Village, West Town and Wicker Park.

For more, head over to Chicago Agent Magazine here.

CoreLogic's latest report shows more good news for the improving and normalizing Chicago real estate market.

The foreclosure rate in the market fell one percentage point year over year in May to a total rate of 1.9 percent while delinquency rates also dropped, from 5.1 percent to 4.4 percent.

The state as a whole saw foreclosures fall .8 percent.

For more, head over to Chicago Agent Magazine here.