Archive for August 2013

Case Shiller: Chicago Home Prices Soar To Highest Level In 32 Months

Case Shiller: Chicago Home Prices Soar To Highest Level In 32 Months
S&P just released the June Case Shiller home price index for Chicago and 19 other metro regions and it shows that prices for both single family homes and condos hit a 32 month high in Chicago. Single family home prices were up 3.3% from May while condominium prices were up an additional 4.6%. The Chicago... Read more »

2965 N Sheridan Rd, Chicago: The Lake View House That Hasn't Sold In 6 1/2 Years

2965 N Sheridan Rd, Chicago: The Lake View House That Hasn't Sold In 6 1/2 Years
This is a pretty sad story of a single family house that has been on and off the market for 6 1/2 years in Chicago’s Lake View neighborhood, in the Nettelhorst school area. It is located at 2965 N Sheridan Rd and first went on the market in March 2007 for $2.8 MM but is... Read more »

New Construction in Chicago A Far Cry From It's Peak Levels

New Construction in Chicago A Far Cry From It's Peak Levels
I’ve been doing a series of posts lately on new home construction in Chicago and just based upon the level of activity I’ve been seeing while driving around I thought for sure things were pretty hot. A client of mine even contacted me to tell me that he was having trouble finding contractors to do... Read more »
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Chicago Foreclosure Activity Continues To Improve In July

Chicago Foreclosure Activity Continues To Improve In July
The RealtyTrac Foreclosure Market Report for July that came out just this morning continues to show a nice, overall decline in foreclosure activity in Chicago, continuing a trend that seems to have begun back in the fall of 2009. I flipped the graph below around a bit from previous versions in order to better highlight... Read more »

Chicago's New Construction Single Family Homes $1,000,000 - $1,500,000

Chicago's New Construction Single Family Homes $1,000,000 - $1,500,000
I’m picking up where I left off on the new construction single family homes sold in Chicago during the last year, this time focusing on homes listed in the $1,000,000 – $1,500,000 price range that were sold or marketed in the 12 month period ending around July 25 of this year. I plotted the 57... Read more »

Outlook For Home Prices Increasingly Optimistic

Outlook For Home Prices Increasingly Optimistic
Once each quarter Zillow sponsors a Pulsenomics five year home price expectations survey of a little more than 100 economists. The latest survey came out at the end of last week and, as with previous recent surveys, it shows increasing optimism for home price appreciation. The graph below sums up the current outlook and compares... Read more »
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I Told You Chicago's East Village Real Estate Market Was Hot

I Told You Chicago's East Village Real Estate Market Was Hot
In the interest of full disclosure: I purchased a single family home in Chicago’s East Village neighborhood a bit over one year ago so one could argue that I have a vested interest in promoting the neighborhood’s real estate market. You can interpret that information however you would like but, as you know, I’m a... Read more »

July Chicago Home Sales: Highest Level In Seven Years

July Chicago Home Sales: Highest Level In Seven Years
For the 25th month in a row Chicago home sales showed a remarkable increase over the previous year, with July posting a 35.3% gain over the 2012 level. This July was even a tad higher than July 2007, which was only two years into the bursting of the housing bubble. That means it’s the highest... Read more »

Now You Can Buy The Ferris Bueller House For Only $1.5 MM - Probably Less

Now You Can Buy The Ferris Bueller House For Only $1.5 MM - Probably Less
The Highland Park house at 370 Beech St. with the famous garage from Ferris Bueller’s Day Off, where (Spoiler Alert!) the Ferrari drives itself out the glass wall into the ravine, is back on the market at a reduced price of $1.5 MM. Come on. The bragging rights alone are worth $1.5 MM. And since... Read more »
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The Logic Of The Pocket Listing - Why Not List On The MLS?

The Logic Of The Pocket Listing - Why Not List On The MLS?
There is no shortage of real estate mythology, superstitions, and old wives’ tales but one of the strangest concepts is the pocket listing and I think I’m due to weigh in on it since there seems to be an upsurge in the use of this strange technique in the face of a hot real estate... 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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