Archive for February 2013

Strong Police Presence To Remain In East Village

Strong Police Presence To Remain In East Village
Since moving to East Village a short while ago I have always gotten some degree of comfort from driving past the 13th district police station at 937 N Wood, right smack dab in the middle of the neighborhood. There were always a ton of police cars around, which meant they had to drive back and... Read more »

Case Shiller: Chicago Home Prices Rose In 2012

Case Shiller: Chicago Home Prices Rose In 2012
The release of the Chicago Case Shiller home price index for December just a few minutes ago confirms the long awaited turnaround in Chicago home prices. Although the index was down from November it was up from the previous year, continuing what we hope is a pattern of increasing year over year home prices started... Read more »

Just How Hot Is The Chicago Real Estate Market?

Just How Hot Is The Chicago Real Estate Market?
The Illinois Association of Realtors just released their January real estate market update for various parts of Illinois, including Chicago. As I pointed out a couple of weeks ago their numbers show 32.2% higher home sales in Chicago than a year ago (OK, I actually predicted 31.9%) , which confirms what every realtor will tell... Read more »
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Measuring The Cost Of Having Your Condo View Blocked

Measuring The Cost Of Having Your Condo View Blocked
Back in December I wrote a post about how you can’t count on preserving the view from your condo in Chicago. It’s a scary thought and many condo buyers want to know what the financial impact of losing a view might be. So I’m always on the lookout for some way to measure the cost... Read more »

Record Low Foreclosure Activity - But Not In Chicago

Record Low Foreclosure Activity - But Not In Chicago
According to RealtyTrac’s January Foreclosure Market Report the nation’s foreclosure starts reached a record 79 month low in January but things don’t look quite as rosy for Chicago’s foreclosure activity. RealtyTrac attributes a sizable portion of the nation’s decline to legislative changes in California that made it more onerous to initiate a foreclosure. Since California... Read more »

January Chicago Home Sales: A Blowout Month In Activity

January Chicago Home Sales: A Blowout Month In Activity
19 months and counting of monthly growth in Chicago home sales – 11 months of double digit increases. January home sales grew over last year by a whopping 35.5%, which is the second highest growth rate since April 2010. And all this at a time when inventories are at record low levels, leaving buyers fighting... Read more »
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How The Housing Bubble Affected Renting Vs. Buying

How The Housing Bubble Affected Renting Vs. Buying
The other day someone on Cribchatter pointed to a Business Insider article of a few weeks ago that featured an analysis produced by JP Morgan Asset Management in which they compared monthly rent to monthly mortgage payments over time. The results of that analysis were summarized in the graph below, highlighted in that article. In... Read more »

An Inside Look At Penny Pritzker's House - 1875 N Orchard, Chicago

An Inside Look At Penny Pritzker's House - 1875 N Orchard, Chicago
I’ve previously written about Penny Pritzker’s house at 1875 N Orchard as one of the biggest homes in Lincoln Park. It’s not the biggest of the biggest but it’s certainly unique and well thought out. It has received numerous accolades for design. You don’t really find many photographs of it but then someone like me... Read more »

Porn Tycoons Lower Penthouse Price To $6.9 MM At Pinnacle

Porn Tycoons Lower Penthouse Price To $6.9 MM At Pinnacle
I actually mentioned this Pinnacle penthouse in a previous post on the most expensive homes for sale in Chicago. That was more than 2 years ago when unit 4501 at 21 E Huron was listed at $8.9 MM. The property was initially listed at this price in May of 2010. Since then the price has... 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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