Chicago Real Estate Blog

Chicago condosBuyers are showing their preference for Chicago condos, as sales have risen dramatically during the first five months of 2013. During May, Chicago condo and townhome sales increased an impressive 35%, which helped the overall real estate market post a 30% gain in total sales year-over-year.

May’s total sales pace was the largest since May 2006. And in addition to the quantity of homes that sold, the pace was also of note. The average number of days on the market in May fell to 115 days from 160 days during May 2012. Tighter inventory and the continued low interest rates are making buyers jump at any opportunity they have to purchase a Chicago condo. Currently, there is about a three-month supply of homes on the market, whereas a six-month supply is

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Did you know that public transportation can actually add to the value of your Chicago condo? It’s true. As more and more cities around the country expand their mass transportation offerings, more and more home buyers have come to rely on public transportation to get to and from work, or simply to get around the city where they live. Nowhere is this truer than in Chicago, where on an average weekday, 1.6 million rides are taken on CTA. In fact, it’s the nation’s second largest public transportation system. Studies show that Chicago condos that are located in close proximity to public transportation and mass transit actually have higher values.

California State University at Fullerton recently conducted a survey of 41 studies of 15 rail systems in the U.S.…
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If you’re looking for a Chicago condo to call your own, look no further than Lincoln Park 2550! It’s the first high-rise condo building to be constructed in Lincoln Park in quite some time, and the unique mix of traditional elegance and modern amenities like the 1.25-acre private park with gardens make it the perfect place to call home in Chicago. It’s like living on the “Central Park” of Chicago!

Architect Lucien Lagrange designed Lincoln Park 2550 to blend in seamlessly with the incredible surroundings, and went to great lengths to preserve a neighboring cathedral. While each condo is outfitted with first-class appointments, there’s no denying that home owners are attracted to the exception location at 2550 Lakeview Avenue, which offers sweeping

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When you’re living an urban lifestyle, gardening can be a little bit more of a challenge. But for Gold Coast luxury condo owners who have a green thumb, it doesn’t mean you have to forget the idea entirely. Yes, you have to be a little more creative in a smaller space, and there is the Chicago climate to deal with. But with some urban gardening ideas and knowledge, you too can have a fantastic garden on your balcony, terrace, or porch. Here are some ideas!

Get Permission: If you live in a Chicago condo building, make sure you check with your building management or consult the home owners association rules before you head to the nursery.

Keep Space in Mind: Since space is obviously at a premium, select plants labeled “dwarf” or “miniature,” as they will have…
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Chicago condo styleAlexa Hampton is an authority in luxury interior design, and now, the designer will feature a collection on HSN (Home Shopping Network). The collection, aptly named “Alexa Hampton Home,” will feature headboard covers, bedding sets with sheets and throws, bathroom items, and window treatments.

Hampton is often featured in Architectural Digest and has been named to House Beautiful's Top Designer List. She’s also a member of Elle Decor's A-list, and Chicago condo owners will be thrilled to have such easy access to her creations. The styles will be tailored, and feature neutral and blue colors. The entire collection is priced under $200, and will be available on HSN, HSN.com, and HSN Mobile.

Adds Hampton, "Sensible, gorgeous design shouldn't be

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Chicago condo marketMarch and April were impressively busy months for the Chicago real estate market, with both single-family homes and Chicago condos selling in record numbers. In fact, it was the busiest month on record since 2008.

In addition to an uptick in overall sales, prices of Chicago condos and homes also increased. The median price climbed 9% during the month of March and 10.4% in April versus one year earlier according to the Illinois Association of Realtors. This marks the seventh consecutive month that median home prices rose on a year-over-year basis in Chicago. This news is just the latest bright spot for the Chicago condo market that continues to recover in the wake of the housing crisis.

Inventory issues remain an issue for upper-crust Chicago condos

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Chicago condo prices

There’s excellent news for Chicago condo owners! Prices for Chicago condos continue to spike as the overall real estate market continues to find stable footing once again. In March and April, the Chicago real estate market saw double-digit increases in home sales year-over-year, not to mention a favorable increase in median prices to boot.

Buyers seem to be frantic to take advantage of the historically low interest rates that are the talk of the town when it comes to purchasing Chicago real estate right now. March saw a 13.8% increase in the sale of single-family homes and Chicago condos versus one year earlier, according to the Illinois Association of Realtors. This tend contineud in April with an increase of 22% in the sale of single-family homes

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Chicago condo ownerChicago condo owners elect to live in these first class high-rise buildings because of the abundance of amenities and conveniences that are attached to their address. Most notably, concierge service stands at the top of the list when you ask Chicago condo owners about their preferences. And when it comes to anything you need, your concierge’s help is just a phone call away.

While New York City may be close to 1,000 miles away, there’s no difference when it comes to the type of service and attention that Chicago condo dwellers demand. Just ask Jenene Ronick, founder of Luxury Attache. The lifestyle management company supplies concierge service to close to 30 Manhattan buildings, and according to Ronick, no request is too outlandish. She adds, “Sometimes

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Housing is back !  


Money Magazine says Housing is back2012 showed signs that the housing market in Chicago was regaining its health. There is no doubt after first quarter of 2013 that housing is back. So where is the market headed in terms of pricing? Every analyst has upgraded their expectations on future projections because the market is gaining momentum faster than originally predicted.

Medium prices for sold condos under 1M in the downtown Chicago condo market for the month of April was $343,000, up 8% over March 2013 and up 22% over April 2012. Total sold units were 713 units in April compared to 548 units in March. In March of 2012 closed units were 510.

Medium prices for sold condos above 1M in the downtown Chicago condo market for April was $1,340M which was actually down

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Chicago condo style

In Chicago, most everyone has a favorite sports team. You’re either a Cubs or White Sox lover, you never miss a Bulls game, or you’re a die-hard fan of the Bears. But for Chicago hockey fans, the Blackhawks hold a special place in the hearts of many Chicago homeowners, so much so that Blackhawks vanity plates have become the most popular sports license plates on cars in town.

According to the Illinois Secretary of State's office, the Hawks have sold 8,356 speciality license plates, more than any other professional sports team in the state. The Blackhawks license plate features a bright red background with the team logo. The White Sox are next, with 4,893 purchased plates, then the Bears at 4,519, followed by the Cubs at 4,393, and finally the Bulls

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