Corcoran Urban Real Estate

Chicago Real Estate Blog

  • *JUST SOLD* Harbor Point Pays Off!

    *JUST SOLD* Harbor Point Pays Off!
    Just Sold, New Eastside
    Wednesday, May 20, 2015
    Sweeping Views From The Largest One Bedroom 1 1/2 Baths On Curve. Spacious Unit Features Wood Flooring Throughout. Updated Kitchen & Baths. Enlarged Master Bedroom. In-unit Washer/Dryer. Full Amenity Building With Indoor Pool, Health Club, Racquetball Courts, Grocery, Dry Cleaners, Spacious Patio, Bbq Grills, Plenty Of Guest Parking. Easy Access To Lakefront, Millennium Park And The New Maggie Daley Park.
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  • Chicago an 'Emerging' City for Tech Startups

    Chicago an 'Emerging' City for Tech Startups
    Wednesday, May 20, 2015
    It's good news for Chicago; a recent analysis from the U.S. Chamber of Commerce ranked Chicago as one of eight cities where tech start-ups are choosing to locate. The report, from the Chamber of Commerce and Washington, D.C.-based tech hub 1776, surveyed the state of civic entrepreneurship in areas like education, energy, health and urbanization in eight cities. Those cities were Austin, Boston, Chicago, Detroit, New Orleans, New York, San Francisco and D.C...
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  • Just Listed! Loft Living at it's Finest!

    Just Listed!  Loft Living at it's Finest!
    Just Listed, Near West Side, West Loop
    Wednesday, May 20, 2015
    Great opportunity to own in the West Loop! 2 Bed, 1.5 Bath Concrete Loft with granite counter tops, an island with a breakfast bar, and 42" cabinets. Great combined kitchen/living room, gas fireplace, balcony off living room. Walk to Blackhawks and Bulls games, restaurants and nightlife. Parking included!
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Monday, May 18, 2015
    The most competitive neighborhood in Chicago right now is...drum roll please...the West Loop. According to an analysis from Redfin, the popular neighborhood has less than .4 months of inventory on the market right now. That number is definitely low, but it's not alone among city neighborhoods in terms of tight inventory. Right on its heels is Wicker Park with .5 months, and tied in third place are Avondale, Bucktown, Roscoe Village and West Town with .6 months of supply.
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  • A Bargain of a Buy in Bucktown!

    A Bargain of a Buy in Bucktown!
    Bucktown, Just Sold
    Sunday, May 17, 2015
    Bucktown, Great Location. Penthouse Unit. Large 3 Bedrooms, 2 Baths. Tons Of Natural Light. Finest Finishes. Master Suite With Walk-in Closet. 10.6ft Ceilings. 3 Out Door Spaces 2 Balconies Plus Private Roof Top Deck With Sweeping Skyline Views. Solid Oak Floors. Covered Tandem Parking. Custom Noise Canceling Windows. All Brick Building. Security System.
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  • Local Market Continues To Normalize

    Local Market Continues To Normalize
    Friday, May 15, 2015
    Further evidence that the housing market locally is continuing its march toward normalcy, the February data that was released by CoreLogic found that cash sales as a part of the market have continued a steady decline. Nationally, cash sales declined about 3 percent from the previous year, settling at 37.9 percent of total sales, continuing a trend of over two years of monthly declines. Chicago beat the national number, declining 3.4 percent to a 36...
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  • Neighborhoods, Suburbs Continue Recovery

    Neighborhoods, Suburbs Continue Recovery
    Wednesday, May 13, 2015
    According to a new report, while some neighborhoods and suburbs still have a long way to go, some are nearing the peak values recorded nearly a decade ago. Single family home prices are just 7.4 percent off their peak value in West Town/Near West Side and 8.3 percent off their peak in Logan Square/Avondale say the results of a new study from the Institute for Housing Studies at DePaul University...
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  • New to the New Eastside - Living the Harbor Life

    New to the New Eastside - Living the Harbor Life
    Just Listed, New Eastside
    Tuesday, May 12, 2015
    Totally Upgraded Condo, It's a 10! Hardwood Maple Floors, Custom Open Kitchen with Maple Cabinets, High end Stainless Steel Appliances, Custom Lighting, Beautiful Tile Walk-in Shower, Laundry Room with Washer/Dryer. Lovely View of Navy Pier and the Lake Front, Close to Millennium Park, 60 Bus stops at the front door!
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  • Downtown Rents Hit New High

    Downtown Rents Hit New High
    Tuesday, May 12, 2015
    While a surge in apartment construction downtown has had analysts prognosticating about a bubble in downtown rentals, the most recent data suggests that the market remains strong. Rents for downtown apartments hit a new high in the first quarter of this year for top-tier buildings. Rents rose to $2.85 per square foot, up 5.6 percent from the previous year according to a report from the Appraisal Research Counselors...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Monday, May 11, 2015
    A panel of real estate developers convened to discuss some wide-ranging topics last week for an industry event. The panel, which featured McCaffery Interests' Dan McCaffery, Belgravia Group's CEO Alan Lev, Magellan Development's Co-CEO Joel Carlins and Fifield Companies Vice Chair Randy Fifield. They addressed topics including the housing recovery, construction of rentals versus condos and the new affordable housing ordinance in Chicago...
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  • The 10 Most Competitive Suburban Markets

    The 10 Most Competitive Suburban Markets
    Friday, May 8, 2015
    If you're packing your bags and heading out of the city, it's good to know which suburbs will be the most competitive from a housing perspective. Bigger towns like Naperville and Aurora often top lists of most popular suburbs for the outwardly-bound but that doesn't necessarily make them the most competitive. Chicago Agent Magazine delved into the numbers to determine which 'burbs were hardest to buy into and the results are in: #1: Buffalo Grove, with 4...
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  • The Reasons Why Inventory Remains Low

    The Reasons Why Inventory Remains Low
    Thursday, May 7, 2015
    Reports from us and from media outlets here and around the country trumpet the fact that prices are up and inventory is down. All around Chicago in many markets the advantage is with sellers...
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  • Good News for Windy City Rents?

    Good News for Windy City Rents?
    Wednesday, May 6, 2015
    Conventional wisdom says that as rents rise, home ownership become more affordable and renters turn into buyers, but new data says that isn't happening in large numbers, which could have the effect of buoying rents even as more supply is constructed. A new survey from Gallup sampling home-buying expectations of non-homeowners nationwide found that 41 percent do not plan on buying a home in the "foreseeable future." That percentage is a big increase from 31 percent in 2013.
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  • Just Sold at 340 on the Park!

    Just Sold at 340 on the Park!
    Just Sold, New Eastside
    Tuesday, May 5, 2015
    Split 2 bedroom with enclosed den in beautiful green certified building. Unit boasts large great room with terrace, bamboo hardwood floors, Snaidero kitchen cabinets, GE Monogram stainless steel appliances, quartz counter tops throughout, and spa-like bathrooms with natural stone. Beautiful fixtures: Toto, Duravit, & Dornbracht. Walk-in closets, W/D in unit.
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  • Monday Real Estate Round-up

    Monday Real Estate Round-up
    Monday, May 4, 2015
    New construction is way up in Chicago, an increase of 85 percent over one year ago , according to recent reports. Chicago vaulted ahead of Seattle and Los Angeles last month, with a total of $507 million in new construction. It was only $274 million in March of 2014. Chicago still trails four other cities, all in the south. Houston, Dallas, Atlanta and Miami in order. For more information, head over to Chicago Agent Magazine here ...
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  • A Full Housing Recovery By 2017?

    A Full Housing Recovery By 2017?
    Friday, May 1, 2015
    One of the factors that have been important in skewing the housing market over the last eight to nine years has been the persistent presence of distressed sales (short sales, bank-owned properties). Historically only 2 percent of sales in the housing market have been distressed but in February distressed sales accounted for 13.5 percent of all sales. That number, however, represents a .8 percent drop from January and a 9.7 percent drop from the previous year...
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  • *Just Sold* Why The West Loop Rocks!

    *Just Sold* Why The West Loop Rocks!
    Just Sold, West Loop
    Friday, May 1, 2015
    Spacious corner 2 bedroom/2 bathroom soft loft in popular West Loop location. Light filled living room with gas fireplace, floor-to-ceiling windows with custom window treatments. Balcony. Kitchen with island and separate dining space, granite counter tops, maple cabinets & stainless steel appliances. Large master suite has marble bath with dual vanity, walk-in shower & soaking tub. Tons of closet space throughout. Sundeck & exercise room...
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  • Chicago Home Prices Climb Steadily

    Chicago Home Prices Climb Steadily
    Thursday, April 30, 2015
    While Chicago home prices aren't in a runaway climb, economists think that the steady growth in prices for the city's housing market is a sign of a healthy marketplace. According to the latest Cast-Shiller Home Price Indices, home prices in Chicagoland were flat from January to February of this year, but rose year-over-year by a modest 3.4 percent...
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  • What Does $500K Get You In Chicagoland?

    What Does $500K Get You In Chicagoland?
    Wednesday, April 29, 2015
    The sweet spot in home pricing may be right around $500,000 and Chicago Magazine has a quick feature that illustrates some options for buyers in that price category. The feature shows off photos and highlights of each home. It profiles two listings in city neighborhoods (Lake View and Avondale) and two listings in the suburbs (Barrington and La Grange). For more, head over to Chicago Magazine here .
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  • Just Sold in the Near West Side!

    Just Sold in the Near West Side!
    Just Sold, Near West Side
    Tuesday, April 28, 2015
    Location! Location! Single family modern renovated home close to the expanding WEST LOOP area with fenced-in, landscaped yard & 2-car garage. Contemporary kitchen with granite counter tops & Stainless Steel appliances, island, hardwood floors thru out, carpeted bedrooms. Huge basement/great room with wet bar & wine cooler. Master bedroom on 2nd level & two additional bedrooms, closet organizers, skylights, and many extras...
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