Category: Chicago real estate

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 »

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 »
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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 »

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 »
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Chicago Real Estate Cheapest Among World Cities

Chicago Real Estate Cheapest Among World Cities
Last week UBS came out with their annual Global Real Estate Bubble Index (there is a link on that page for downloading the entire report), which evaluates the risk of a housing bubble in 20 global financial centers. Not only did the Chicago real estate market come out with the lowest risk but it also... Read more »

New Chicago Real Estate Metrics Provide Additional Insight On Market

New Chicago Real Estate Metrics Provide Additional Insight On Market
Within the last week or two the local MLS has made available new information on showing activity that should provide additional insight into the health of the Chicago real estate market. I’m thinking that this might help us get a better handle on just how hot the market is. There are two separate metrics that... Read more »

Chicago Housing Costs Should Be Big Factor In Amazon Headquarters Search

Chicago Housing Costs Should Be Big Factor In Amazon Headquarters Search
Unless you live under a rock you know that last week Amazon announced that it needs to invest $5 B in a second headquarters somewhere in North America to house 50,000 employees in approximately 8 MM square feet of office space. If you haven’t already, let that sink in for a second. No wonder that... Read more »
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Casting Call For The Deed: Chicago

Casting Call For The Deed: Chicago
As you know I’m a fan of the CNBC TV show The Deed: Chicago, which focuses on turning around flailing real estate flip projects. I did a recap and analysis of Episode 1 from the first season here: Think You Want To Flip Homes? Watch The Deed: Chicago. As in that episode the show does... Read more »