Foreclosures continue to drop across the nation, according to the June 2015 report from CoreLopic. Nationally, foreclosure inventory fell 28.9 percent year-over-year and is now only 1.2 percent of the market. Completed foreclosures dropped 14.8 percent. In Illinois, foreclosure inventory dropped .8 percent year-over-year to 1.6 percent and in Chicago it dropped .9 percent to 1.8 percent. That's a big positive sign for the city and state. Read more here .
Last week we unveiled the top-selling suburbs for the first six months of the year. Today, we give you the top-selling city neighborhoods for the first half of 2015. Leading the pack was the Near North Side with 1,346 total sales. Trailing in second was West Town with 891 and Lincoln Park with 796. As usual, when the data is adjusted for single family home sales, the results look very different...
Get ready Gold Coast... JDL Development is about to begin construction on one of the city's most expensive condo developments. The tower, No. 9 Walton, was issued a building permit this week to begin constructing the foundation and first floor. Clad in stone and designed by Hartshorne Plunkard, the tower will eventually be 35 stories tall, but with only 66 units total. Prices will range from $1.95 million up to $12.5 million...
Incredible south facing convertible studio. Sunny 18' foot balcony overlooks Monroe Harbor, Maggie Daley Park, Grant Park & Millennium Park, City Skyline. New wood flooring and remodeled bathroom and kitchen with breakfast bar. Large open space makes this an excellent In-Town condominium. Resort style amenities include Geodesic dome swimming pool, 400 Fitness and Spa (exercise facility, steam, sauna, 1/2 court basketball, massage room, sun deck, gas grills)...
2 Bed / 2 Bath, second bedroom opens into the living room. Totally rehabbed, open kitchen, new cabinets, granite counter tops, Stainless Steel appliances, hardwood floors, tile entryway. Washer/Dryer in-unit. Stunning views from every room include Lake Michigan, Navy Pier, and the city skyline. Steps from Lake Front Trail, Millennium Park, Maggie Daley Park, and Grant Park. Parkshore offers a rooftop pool, exercise facility, tennis courts, and party rooms...
Down payment sizes in Illinois have been declining this year, a positive sign that first time home buyers are returning to the market. According to Lending Tree, the average down payment size in the state is now 17.02 percent, down from 17.32 in the first quarter. But it's still high for the nation as a whole. Illinois currently ranks 13th for the overall size of down payments in the nation. For more, head over to Chicago Agent Magazine here .
According to the latest report from CoreLogic, home prices in the Chicagoland area are up 3.3 percent this year. The report, which compared pricing year-over-year in June included distressed sales. When those sales are removed the news is even better, with a 4.3 percent increase. Anand Nallathambi, the president and CEO of CoreLogic, told Chicago Agent Magazine: “The current cycle of home price appreciation is closing in on its fourth year with no apparent end in sight...
We often release data on a month-to-month basis and make comparisons year-over-year, but with half the year in the rear-view mirror, the top-selling suburbs show that the leaders are practically untouchable. The top-selling suburb for the first half of the year is Naperville with 1,252 total sales, just nudging Aurora with 1,222 sales. In a distant third place is Plainfield with 789, edging out Elgin by only three sales...
Fantastic Spacious Vintage Top Floor Condo With Private 1-car Garage And Additional Guest Parking! Hardwood Floors, High 10' Ceilings, Fireplace In Xtra-wide Great Room. Bay Windows Bring In Natural Light With Great Penthouse Level Views. Spacious Eat In Kitchen With Plentiful Cabinet Space Opens Onto Large Outdoor Deck And Common Garden. Master Bedroom Features Huge Double Closet, As Does The Second Bedroom. Steps To Wrigley Field, CTA Redline & Whole Foods...
There is little doubt that Chicago is in the midst of a building boom. Neighborhoods across the city are seeing renewed interest in apartments as the city loosens zoning requirements for parking under its Transit-Oriented Development (TOD) ordinance and tourism boosters have caused a resultant boom in hotel rooms. But today Curbed has a tour of some of the active construction sites in downtown Chicago and the neighborhoods...
It might not sound like good news but according to the latest numbers, institutional investors, defined as those who purchase at least 10 pieces of real estate in a calendar year, are leaving the market. In the first quarter of 2015, those investors accounted for 3.4 percent of all single-family home sales, down 2.8 percentage points from the previous year. The total number of houses purchased by investors was 14,600 in the first three months of the year...
Tremendous 1 Bed, 1 Bath South/ East Corner Unit, With Balcony! Floor to Ceiling Windows!! Great View of Millennium Park, Lake Michigan and the City Skyline. $5,000 Decorating Allowance! Prime Indoor Deeded Space Available for $35K. Location, Location, Location! Live in The Loop! Walk to Work! Live and Play in Downtown Chicago!
Completely Remodeled Condo, Top Floor Gives You The Privacy That You Desire. Well Lit, No Lights Needed During The Day! This Unit Has Central Air And Heat. There Is Additional Storage With The Unit. Investors, There Are No Restrictions On Rental Making This A Great Opportunity...
The latest numbers are in and the top-selling neighborhood in the city for the month of June was the Near North Side, with 351 total sales. Following were West Town with 239 total sales and Lincoln Park with 193 total sales. As usual, when condo sales are removed from the mix, the leaders shuffle. The most single family homes sold last month were in Norwood Park with 57 total sales. Ashburn followed with 53 sales and Portage Park with 46...
The report out from the Case-Shiller Home Price Index shows that while Chicago is sluggish compared to other cities, home prices continue to rise. The price growth in the report was 2.2 percent on the year but the monthly increase was stronger, the 1.3 percent monthly increase was just behind the nation's leader, Boston, at 1.5 percent...
The latest report on Chicago's top-selling suburbs has a few surprises in it. While the usual top-sellers, Naperville, Aurora and Plainfield remained in the top spot in June with 328, 283 and 191 sales respectively, Naperville took first place for the first time this year. Naperville secured the top slot over Aurora due to its 33.3 percent increase in sales from the previous month. One of the notable parts of the report was the sales uptick in Evanston...
That's a question confronting sellers and buyers in the current fast-paced market in Chicago. Across the country, selling time has been declining steadily as the housing market recovers and while Chicago's median is at 54 days, in some hot neighborhoods "flash sales", where houses go under contract as soon as they are listed, have also been on the rise...
Combined units totaling 1,500 sq ft, plus a 16 ft balcony. Open plan kitchen with Granite Counters, Big Split Level Entertaining Island, Loads of Cherry Cabinets, Full Glass Backsplash, Stainless Steel Appliances and a Washer & Dryer. Separate Dining area and Huge Living Room good for Entertaining. Oversized master Bathroom with double vanity, Soaker Tub, and extra storage. Cherry Wood Floors with Berber Carpet in both Bedrooms...
Another day, another piece of great news for the local housing market. Illinois home sale prices posted their largest year-over-year increase in nearly two years, according to the Illinois Association of Realtors. Home prices rose 14.2 percent compared with June 2014, the largest since September of 2013. Selling time across the state has also dropped from 68 days last year to an average of 63 days this year. In the city, total sales volume climbed 9.3 percent to 3,110...
Up and coming young people are starting to eye home ownership - their preferences are important, not only for agents, but also for home owners looking to down size or move up. According to a new study, 68 percent of first time homebuyers are looking for move-in ready homes, while 32 percent are looking for fixer-uppers. The good news for suburbia is that 43 percent are looking to buy there, but a strong showing of 20 percent plan to buy in urban areas...
