Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

With Halloween right around the corner, you might be wondering, which neighborhoods are the best for the annual rite of Trick-or-Treating?

Chicago Agent Magazine has the answers. Zillow surveyed cities across the nation and determined that Chicago ranked 18th and the city's best neighborhood was West DePaul.

For the full rank of Chicago's best trick-or-treating neighborhoods, head here.

Our very own Michael Emery was featured in the New Eastside News: 

Long-time New Eastside resident Michael Emery, senior partner with Urban Real Estate is no stranger to the industry – which is why his expertise was tapped in January 2015 to serve on the local Multiple Listing Service’s (MLS) board of managers, Midwest Real Estate Data.

A twelve-year seasoned broker, with years in client relations prior, Michael’s role on the board has several responsibilities.  Among them, ensuring real estate brokers are effective in representing and marketing their clients’ listings, as well as creating guidelines for mandatory information collected, to help accurately price homes presented for sale.

In addition, Michael and his board peers are equally engaged in the very best way to serve the consumer – and specifically, how to present information that is accurate, updated as frequently as technology allows, offering a user-friendly interface regardless of which brokerage’s website you are searching.

See the entire article here

Chicago Agent Magazine recently delved into the market data for the city and its suburbs and came up with some important details to note.

• Sales are flat: across the region they increased only .1 percent year over year as of September.

• But prices are up: across the region, the median home price rose 5.1 percent.

• Results varied widely by County: Kane and McHenry price increases were the highest.

• Sales volume in the city declined substantially but prices were up and market time was down.

• The suburbs were slow too, with a few notable exceptions, including Orland Park's eye-popping 75.9 percent yearly increase.

• Housing inventory continues to fall: year over year it's down over 15 percent from its already historic low.

The experts suggest that the presidential election may be contributing to the declining sales numbers.

Read more at Chicago Agent Magazine here.

The popular Southport Corridor could soon see a new transit-oriented development. 

Seminary Properties & Management presented a plan last night that seeks a zoning change to build 21 apartments and just under 2,500 square feet of retail space at 3746 N. Southport Ave.

The developer would also include six parking spaces and a total of 42 bicycle parking spaces. It would replace a frame two-flat and single story commercial building on the site.

Read more at Curbed Chicago here.