Category: Chicago real estate

Chicago's Most Expensive Single Family Home Sales Of 2018

Chicago's Most Expensive Single Family Home Sales Of 2018
You may have heard that the high end of the Chicago real estate market was really smoking hot in 2018 but the reality was a bit more tepid. Don’t get me wrong. 2018 appears to have had more uber-expensive activity than 2017 with 14 home sales above $4 MM (my arbitrary cutoff) compared to 2017’s... Read more »

I Guess Low Chicago Housing Costs Don't Matter To Amazon

I Guess Low Chicago Housing Costs Don't Matter To Amazon
While it’s been rumored for a while, Amazon finally announced their choices for their 2nd and 3rd base of operations (can you really call it a headquarters at this point?) and neither is in Chicago. Although many of us, including me, thought Chicago had a lot going for it, speculation is that Chicago’s and Illinois’... Read more »

Not Much Evidence Of A Slowing Chicago Real Estate Market

Not Much Evidence Of A Slowing Chicago Real Estate Market
As I’ve mentioned before there has been a lot of buzz in the Chicago real estate industry over the last few months about a slowing market. However, I’ve been unable to see it in the data. Months of supply, market times, and sale/ list price ratios have not been showing any signs of softening. On... Read more »
Advertisement:

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems
In case you’ve missed the news over the last few years Chicago has a lot of problems that are going to cost a lot of money to fix. So everyone is trying to figure out where all the money is going to come from. Well, a few aldermen and special interest groups have an answer... Read more »

Chicago Real Estate Market: How Fast Homes Have Been Selling In 2018

Chicago Real Estate Market: How Fast Homes Have Been Selling In 2018
I should probably analyze how fast homes are selling at least once a year because it’s a great way to get a more in depth look at the overall health of the Chicago real estate market. The last time I did it was two years ago around this time of year: Chicago Real Estate Market:... Read more »

A Map Of Chicago's Demolitions Tells Two Stories

A Map Of Chicago's Demolitions Tells Two Stories
In 2017 over 1200 demolition permits were issued in Chicago. After I was unable to easily find out where these were happening I decided to just pull the data myself and map them out for everyone’s amusement. The resulting map below is interactive: the icon in the upper left corner reveals an interactive legend, you... Read more »
Advertisement:

Chicago Construction Boom Finally Coming To An End

Chicago Construction Boom Finally Coming To An End
I’m sure  you’ve noticed the numerous construction cranes dotting the Chicago skyline over the last few years. Well, according to a December Crain’s story Chicago actually hit a record of 60 cranes operating in November. But according to that same story construction starts actually declined in 2017 for the first time in 7 years. So... Read more »

Chicago's Most Expensive Home Sales Of 2017: Condos

Chicago's Most Expensive Home Sales Of 2017: Condos
As a follow up to Tuesday’s post on Chicago’s most expensive single family home sales of 2017 I’m looking at the most expensive condo sales today. In both 2015 and 2016 the most expensive condos actually sold at higher prices than the most expensive single family homes. Technically that’s still true for 2017 thanks to... Read more »

Chicago's Most Expensive Home Sales Of 2017: Single Family Homes

Chicago's Most Expensive Home Sales Of 2017: Single Family Homes
At the beginning of each year I look back at Chicago’s most expensive home sales from the previous year to provide a sense of the high end housing market, starting with the sale of single family homes. Somewhat surprisingly, despite a booming economy and stock market, it doesn’t look like the high end was really... Read more »
Advertisement:

Real Estate Bargains In Chicago's Ukrainian And East Village Still Exist

Real Estate Bargains In Chicago's Ukrainian And East Village Still Exist
On numerous occasions I’ve written about the smoking hot real estate market in Chicago’s Ukrainian and East Village. That blog post I just linked to was written just a year and a half ago and already the average sales prices shown in that first graph have moved up from around $850,000 to right around $1... Read more »