Found 4 blog entries tagged as Chicago real estate news.

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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Best Selling Chicago Neighborhoods in 2014

Now that 2014 is behind us and 2015 is well under way, it’s time to look back at which Chicago neighborhoods were the top-selling last year. Earlier today, Chicago Agent Magazine highlighted some of the numbers documented on Redfin’s Market Tracker, and the results are about what you would expect.

Chicago’s Near North Side saw the highest number of total sales in 2014, 184 to be exact, while West Town and Lincoln Park were the next highest-selling areas and saw 113 and 109 total sales respectively.

As mentioned in the Chicago Agent Magazine piece, sales in West Town were up over 36 percent, while River North saw a 33.3 percent increase from 2013, and Lincoln Park a nearly a 20 percent increase.. For other 2014 real estate stats in Chicago, have a closer…

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Downtown Chicago is filled with some pretty spectacular high-rises, and it's hard to deny our skyline is among the most recognizable in the entire world. But among many of the buildings we as real estate agents frequently visit like Trump Tower, the Waldorf Astoria, or the Ritz Carlton Residences are a wide range of amazing commercial developments that house some pretty cool office spaces that are designed to help build brand identity and create a workplace that inspires, drives, and motivates employees.   

Back in August of this year, Crain's Chicago Business asked businesses around the Chicagoland area to submit photos and describe what makes their workplace so special, and after receiving a number of responses, some of what they…

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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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