Category: Single Family Homes

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018
Last week I reported on Chicago’s Hottest Neighborhoods For New Condo Construction In 2018. As a follow up to that post I’m now taking a look at single family home new construction. Last year there were 504 new homes with activity in a 12 month period. This year is only slightly lower at 485 homes... Read more »

A 56% Price Cut And They Still Can't Sell This Lake View House

A 56% Price Cut And They Still Can't Sell This Lake View House
It’s been almost 5 years since I wrote about a beautiful 6000 square foot home for sale at 1457 W Addison on a 41 x 134 lot in Lake View with 4 bedrooms and 5 bathrooms. It first hit the market on October 21, 2013 with a list price of $4,999,999 and a major open... Read more »

Single Family Home Inventory Plummets On Chicago's North Side

Single Family Home Inventory Plummets On Chicago's North Side
A little over a year ago I wrote about the remarkable rise of single family home inventory in the higher income neighborhoods on Chicago’s north side. Remarkable because all the rest of Chicago’s home inventory was simultaneously hitting incredible new lows, causing a housing shortage for buyers. But just as mysteriously and suddenly the supply... Read more »
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New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017
Last week I posted on the hottest neighborhoods for new condo construction in Chicago so now I’m taking a look at the hottest neighborhoods for single family home construction. You’re going to see much the same pattern in terms of pricing across the city. In total I identified 504 homes that I believe to be... Read more »

Lake View New Construction - Why Builders Pay $1 MM For Teardowns

Lake View New Construction - Why Builders Pay $1 MM For Teardowns
A couple of weeks ago I posted on a listing that we sold before it hit the MLS. A builder purchased the building, which sits on a 30 ft wide RT 3.5 lot in Lake View, in one day for a tad over $1 MM with plans to tear it down and likely build a... Read more »

Chicago's Most Expensive Home Sales Of 2016: Single Family Homes

Chicago's Most Expensive Home Sales Of 2016: Single Family Homes
At the beginning of the year it’s always fun to look back vicariously at the previous year and see how the richest Chicagoans spent their money on homes. 2016 was not quite as strong as 2015 for Chicago’s most expensive homes but it still turned in a decent performance. In 2015 there were 12 sales... Read more »
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Lake View Real Estate Market Continues To Weaken

Lake View Real Estate Market Continues To Weaken
On Friday I posted my September update on the Chicago real estate market which showed continued drops in inventory despite sales which were weaker than last year. Aside from slightly lower sales the overall market in the city is strong. However, the same is not true for the Lake View Real Estate Market and some... Read more »

Chicago Housing Affordability Vs. The Suburbs

Chicago Housing Affordability Vs. The Suburbs
A couple of weeks ago Coldwell Banker came out with their annual Home Listing Report which attempts to rank over 2000 real estate markets by their housing affordability using a rather crude measure: the average price of 4 bedroom, 2 bath single family homes. In general the results of their housing affordability ranking make sense... Read more »

Chicago's Most Expensive Home Sales Of 2015: Single Family Homes

Chicago's Most Expensive Home Sales Of 2015: Single Family Homes
Chicago has a sizable population of wealthy people, given its strong position as a business hub – in particular financial firms. And these folks live in some truly incredible homes that provide us regular folks with plenty of vicarious entertainment value as they are bought and sold in the city. So let’s take a look... Read more »
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Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet

Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet
It’s as if there is an invisible wall running through the middle of Chicago, along Western Avenue all the way south of Montrose. When buyers of million dollar homes specify their search criteria they will often specify that they want to stay east of Western Avenue – or if they specify Ukrainian Village, Bucktown, Wicker... Read more »