Urban Real Estate

2017

  • Condo Values Catching Up To Homes

    Condo Values Catching Up To Homes
    Industry News
    Tuesday, April 25, 2017
    Traditional wisdom has argued that single family homes always appreciate faster than condos, but new research indicates that gap may be closing. Trulia surveyed the 100 largest metro areas between February of 2012 and 2017 and indicated that appreciation of condos nation-wide was faster than that of single family homes. Condo prices rose 38.4 percent over that period while houses appreciated 27.9 percent. Chicago, however, bucked the national trend: condo values rose 23.3
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, April 24, 2017
    Home sales in March were the best since the housing crash, according to the National Association of Realtors. Citing a slight increase in housing supply, NAR said that nationwide home sales last month totaled 5.71 million, the highest number since February of 2007. It represents a 4.4 percent increase from February and a 6 percent increase from the previous year. Read more at Chicago Agent Magazine here ...
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  • And Chicago's Hottest Neighborhood Is...

    And Chicago's Hottest Neighborhood Is...
    Industry News
    Thursday, April 20, 2017
    There are a lot of factors to weigh when trying to determine which neighborhood is the hottest in the city and Crain's used three metrics to come up with their ranking: sales volume, median price and time to sell. Based on those rankings, the top neighborhood was Irving Park for single family homes, the Near North Side (a neighborhood that includes the hot River North) for condos and Glendale Heights for suburbs...
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  • Millennials Love Chicago

    Millennials Love Chicago
    Industry News
    Wednesday, April 19, 2017
    On the heels of news that Chicago is among the most affordable metros for Millennials, a new survey out from Mayflower indicates that the city is also the fifth hottest location for relocations among the cohort. The reasons cited for moving to Chicago included jobs, affordable cost of living and many housing options...
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  • Lincoln Park Duplex Just Listed!

    Lincoln Park Duplex Just Listed!
    Just Listed
    Tuesday, April 18, 2017
    JUST LISTED in stunning Lincoln Park, a wide duplex down condo offers 3 bedrooms (2 bed up & 1bed down), 3 baths, 1 private deck & 1 patio, 2 fireplaces, plus 2 parking spaces included. High-end finishes include gourmet kitchen with a large breakfast bar and stainless steel appliances. 9 1/2 feet ceilings, oak hardwood floors throughout. Low monthly assessments in a well-funded and maintained building...
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  • What's The Biggest Obstacle to Buy?

    What's The Biggest Obstacle to Buy?
    Industry News
    Tuesday, April 18, 2017
    So what's the biggest obstacle to renters who want to make the plunge into home ownership? The latest data suggests it's the down payment. A new study from Zillow indicated that 70 percent of renters will struggle to secure enough cash for a traditional, conventional 20 percent down payment. This stumbling block is extremely consequential because owning is cheaper than renting in 33 of the nation's largest 35 housing markets...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, April 17, 2017
    Numerous reports have outlined the speed of sales and rising prices in the local housing market, but what's behind it? According to Builder Magazine there were a total of 9556 homes sold in the Chicago-metro area in March, an increase of 15 percent over the previous years. Median prices were also up 10.4 percent to $234,000...
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  • Homes Sell Faster, Inventory Decline Continues

    Homes Sell Faster, Inventory Decline Continues
    Industry News
    Friday, April 14, 2017
    The latest numbers show that the pace of home sales accelerated in March while overall inventory continued to decline. In Chicago the median price for March was $226, 000, an 11.8 percent increase from the previous year while available for sale inventory was 40,774, a 13.3 percent decline from the previous year. The typical home nation-wide went under contract in just 49 days, down from 60 days in Marh of 2016. Nearly 20 percent went under contract within two weeks...
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  • Unobstructed View Overlooking Maggie Daley Park Just Listed!

    Unobstructed View Overlooking Maggie Daley Park Just Listed!
    Just Listed
    Friday, April 14, 2017
    It is all about the view. Unobstructed clear view from this highest floor. Large one bedroom looking out at the Chicago skyline, Millennium/Maggie Daley and Grant parks, Lake Michigan, and the harbor. Bring the beauty of the city into your home or step onto the large balcony and feel the city vibe. Hardwood floors throughout. White open kitchen. Lots of storage in 3 large closets...
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  • Chicago's Construction Boom: 52 High-Rises Under Construction

    Chicago's Construction Boom: 52 High-Rises Under Construction
    Industry News
    Thursday, April 13, 2017
    Chicago is in the midst of a historic building boom and it's most obvious downtown. According to Curbed Chicago, the city is currently seeing a total of 52 high-rises under construction. Perhaps the most high profile of the projects is the Vista Tower, a supertall designed by Jeanne Gang for the New Eastside that will eventually host a hotel and condos...
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  • Sweeping views of Lake Michigan, Millennium Park, and the Chicago skyline Just Sold at The Legacy!

    Sweeping views of Lake Michigan, Millennium Park, and the Chicago skyline Just Sold at The Legacy!
    Just Sold
    Wednesday, April 12, 2017
    Just Sold! Rarely available 3 bedroom, 2.5 bath corner unit at The Legacy at Millennium Park. Unique to the 32nd floor, this home features soaring 10 foot ceilings, not found on other floors in the building, as well as oversized floor to ceiling windows, flooding the space with light and offering sweeping views of Lake Michigan, both Grant & Millennium Parks, and the Chicago skyline...
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  • Nationwide Survey Says: It's a Seller's Market

    Nationwide Survey Says: It's a Seller's Market
    Industry News
    Wednesday, April 12, 2017
    For the first time in its history, Fannie Mae's Home Purchase Sentiment Index has indicated that Americans believe it's a better time to sell than to buy. The number of Americans who felt it was a good time to buy fell 10 percent to 30 percent from February to March while those who say it's a good time to sell rose 9 percent to 31 percent. For those surveyed, 39 percent cited strong and rising home prices as their top reason why it's a seller's market...
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  • Just Sold at Outer Drive East!

    Just Sold at Outer Drive East!
    Just Sold
    Tuesday, April 11, 2017
    Just Sold! Spacious Light Filled 1 Bedroom With 18 Ft Balcony And Views Of Park, Lake And The Tip Of Navy Pier. Parquet Floors Throughout With An Updated Kitchen And Newer Appliances. 3 Large Closets. Updated Bathroom Tile And Vanity. Amenity Rich Bldg With Huge Fitness & Spa Facility. Two Level Sundeck & The Geodesic Domed Indoor Pool. Short Walk To Millennium Park, Daley Park, Navy Pier, Lake Front & The Loop. View more photos and property details here!
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  • 160 Units Proposed for Noble Square

    160 Units Proposed for Noble Square
    Industry News
    Tuesday, April 11, 2017
    A new plan was recently unveiled for a vacant parcel in Noble Square that would bring 160 new rentals to the neighborhood. Designed by Brininstool + Lynch, the proposal for the lot at the intersection of Walton and Noble would be five stories tall and clad in brick, metal and fiber cement. The front of the project along Walton would feature 17 townhouses that are two stories tall to better blend into the area's low-rise fabric...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, April 10, 2017
    In a long-awaited shift, Millennials are finally starting to buy housing. While a shakey economy caused many of them to eschew homeownership along with other large life decisions like marriage and children, with the generation now in its 30s, they've begun to purchase their first homes and Chicago is a great place for them to be. According to Realtor...
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  • Extraordinary Condo in Boutique Building Just Listed!

    Extraordinary Condo in Boutique Building Just Listed!
    Just Listed
    Monday, April 10, 2017
    Rare Find In Avenue East - Home Includes 2 Garage Spaces. This Southeast Corner Home Is A 3br-2.5ba. Extraordinary Condo In Boutique Building, 133 Total Units. Includes Wrap Around Terrace, High End Finishes. Split Floor Plan w/2 Of 3 Br En Suite. Elegant Wide Plank Cherry Floors, Marble Baths, Sun Shades In All Rooms. Giant Gourmet Kitchen With Granite, Cherry Cabinets, Prep Sink + Double Sink. Open, Airy! View more photos and property details here!
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  • First-time Buyers Comprise One Third of Sales

    First-time Buyers Comprise One Third of Sales
    Industry News
    Friday, April 07, 2017
    First-time homebuyers made up 32 percent of sales in February 2017, a big proportion of the market but a statistic that remains largely uncharged from the previous month and the previous year. While low inventory and a weak job market that have presented challenges for Millennials, they continue to be an important factor in the housing market and are likely to play a larger role in the years ahead...
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  • New South Loop Tower Ready To Rise

    New South Loop Tower Ready To Rise
    Industry News
    Thursday, April 06, 2017
    Another tower is poised to join the booming South Loop; a new 47-story high rise has officially received its permits to begin foundation work from the city of Chicago. The tower, designed by Chicago-based SCB will be built at 1326 S. Michigan. Officially known as "SoMi" for South Michigan, it will bring 500 new rental units, 190 parking spots and new retail space along Michigan Avenue itself...
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  • Congratulations to the Park in Our Backyard, Millennium Park!

    Congratulations to the Park in Our Backyard, Millennium Park!
    In The News, Loop, New Eastside
    Thursday, April 06, 2017
    Our backyard's park is making pretty big news... Chicago's super-special, every-growing, and favorite gem for downtown residents has now become a number one hit to those who visit our great city, too! Millennium Park has been named one of the top 10 most-visited sites and number one in the Midwest, the Chicago Department of Cultural Affairs and Special Events said Thursday...
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  • 263 More Apartments for Fulton Market

    263 More Apartments for Fulton Market
    In The News
    Wednesday, April 05, 2017
    The hot Fulton Market area could soon see another 263 apartments being building. Naperville-based Marquette Cos. has proposed the large building for the southwest corner of Lake and Ada streets. Designed by architecture firm Brininstool & Lynch, the building would rise 10 stories and fill a site being sold by Sterling Bay. Read more at Crain's Chicago here .
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