February 2015

Found 14 blog entries for February 2015.

Downtown Chicago Real Estate Market Update

Every now and then we like to provide our readers with a brief snapshot of how the Chicago real estate market is faring, and as we inch closer to the busy spring market, here’s a quick look at how prices, interest rates, and the outlook for buyers and sellers is around the city of Chicago:

Chicago Real Estate Prices:

According to recent stats, prices on closed properties for all MLS listings is up 5.13% from $226,562 year-to-date in 2014 to $238,138 in 2015. And although it’s still early, Berkshire Hathaway HomeServices has the highest year-to-date sales price of all the major firms  at $466,997.

Interest Rates Are Still Low:

Many feel that interest rates are bound to rise sometime in 2015, but currently,  the rate on a 30 year fixed rate mortgage in

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It seems like there’s an abundance of TV commercials and adverts out there for visiting various cities and towns all over the country nowadays. From the Pure Michigan ad-campaign to one I even saw for Bloomington, Indiana the other day, it would appear the tourism industry all over the United States is alive and well, and Chicago looks to be upping their game when it comes to luring such travelers to our great city.

Earlier today, Choose Chicago unveiled their new “Chicago Epic” campaign, which highlights a number of different experiences and attractions that are available to both those who live here and those who visit. For those of us who call Chicago home, I think we can all agree there’s lots to see and do here, from checking out any number of

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Chicago's Most Expensive Condos on Lake Shore Drive

It goes without saying that condos for sale on Lake Shore Drive feature some of the best views money can buy on the downtown Chicago real estate market. Regardless of whether you are searching for a high-rise condominium residence or not,  it's hard to argue the unparalleled beauty of the unobstructed lake views that so many Lake Shore Drive condo buildings present to home buyers.

Like most good things when it comes to Chicago real estate though, condos with a spectacular lake views typically come at a premium,  and if you’re looking to combine lots of living space with such breathtaking outlooks, you’re probably looking at a fairly pricey home.

Coops are also among the elite when it comes to lakefront properties, and if you take a look at some of Lake

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Chicago Loop Condos For SaleMost high-rise condo buyers love the idea of living on the top floor of a building, and if you’re specifically looking in Chicago’s Loop, finding a reasonably priced unit on the penthouse level can certainly be a challenge.
Because of the Loop’s general landscape and high-density of skyscrapers, living as high up as possible can often feel a little less claustrophobic, not to mention provide some pretty unique viewpoints and sight lines of this beautiful city we’re lucky enough to call home. The only problem with this penthouse ideology is actually finding a great top-floor condo at a price you can afford.   

But believe it or not, great deals on upper floor condos in Chicago are quite a bit more common than one might think, and there’s no better example

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