Archive for June 2012

Chicago Home Prices Increase For First Time In 8 Months

Chicago Home Prices Increase For First Time In 8 Months
Well, it had to happen sooner or later. Home prices in Chicago finally showed an increase in April after 7 straight months of declines according to this morning’s release of the Case Shiller home price index. Granted some of this decline and the subsequent increase is a seasonal effect but even on a de-seasonalized basis... Read more »

You Can Buy The West Town Home I Wanted: 1516 W Erie

You Can Buy The West Town Home I Wanted: 1516 W Erie
Last year when we were shopping for homes in West Town (we ultimately did buy one there) we ran across this home at 1516 W Erie, which we really loved except for the location. At the time it was listed at $849,000. The home was built in 2005 and originally sold for $930,000 in October... Read more »

Chicago Rents Continue To Surge

Chicago Rents Continue To Surge
One of the major drivers of the rent vs. buy decision is the rate at which you expect rents to increase. Even if buying were more expensive than renting on a current year basis, rents go up while monthly payments on a home purchase remain constant. Eventually the cost of renting will exceed the cost... Read more »
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RealtyTrac: Chicago Foreclosure Activity Spikes In May

RealtyTrac: Chicago Foreclosure Activity Spikes In May
RealtyTrac came out with their May foreclosure activity report for Chicago and the nation last week (I’ve been really busy) and it shows a 30% spike from April after 3 months of declines. And if you look at the graph below you can see that over the last year there is a slight upward trend.... Read more »

Continued Positive Signs In Chicago's Real Estate Market In May

Continued Positive Signs In Chicago's Real Estate Market In May
According to several measures that I track the Chicago real estate market continued to show signs of real strength in May. May Home Sales For Chicago These are the numbers that the Illinois Association of Realtors reports but if you read this blog you get these numbers 2 weeks earlier than everyone else. In May... Read more »

More High End Luxury Penthouse Condos Hit The Market In Chicago

More High End Luxury Penthouse Condos Hit The Market In Chicago
Late last week I posted on the most expensive Chicago home ever listed – the 89th floor penthouse unit in the Trump Tower listed at $32,000,000. However, within a week of this unit being listed 3 other over-the-top penthouses have hit the market. 1/2 the penthouse at 1/4 the price Just 6 days ago penthouse... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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