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Posts tagged "Market conditions"

Michael Jordan's home sale not boosting property values

All the media hubbub attending Michael Jordan’s offering his Highland Park home for sale for $29 million doesn’t seem to have boosted property values or sales velocity in the Architecture Point subdivision in which is home is located. Five of the 8 parcels in the subdivision are currently on the market. A 6-bedroom, 7 ½... Read more »
By Joe Zekas,
May 20, 2012 at 9:09 pm
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New Cook County property tax site may affect property values

The new Cook County Property Tax Portal has gone live, providing easy online access to a variety of property tax information through a single website. The site is the result of cooperation among the elected county officials who take part in the property tax system. The aspect of the site with the greatest impact is... Read more »
By Joe Zekas,
May 3, 2012 at 10:32 pm
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Where have all the North Shore agents gone?

That’s a question that some people may be asking come May 1st of this year, according to a recent Chicago Tribune article on changes in Illinois’ broker licensing law that take effect on that date. Most real estate agents hold only an entry-level salesperson license. The new law eliminates that category of licensing and requires... Read more »
By Joe Zekas,
April 10, 2012 at 10:07 pm
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Are North Shore sellers over-optimistic this spring?

The good news for North Shore buyers is that there seems to be a decent amount of fresh inventory hitting the market. There continue to be “new” listings that have been marketed off and on for years, but more of the new listings appear to be on the market for the first time in years... Read more »
By Joe Zekas,
April 8, 2012 at 8:54 pm
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Are Winnetka condos a good buy?

A 1,730 square foot 3-bedroom, 3-bath condo at 660 Winnetka Mews just came on the market for $329,000. It had previously sold for $485,500 in October of 2001. The unit has an updated kitchen with white cabinets and granite countertops. All three bedrooms are generously sized. There’s a fireplace in the large living room, and... Read more »
By Joe Zekas,
April 5, 2012 at 8:39 pm
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This week's rental pick is in Wilmette's Kenilworth Gardens

It’s been a while since I singled out a North Shore rental pick. This week’s focus falls on 2240 Kenilworth Ave, a 3-bedroom, 2 ½ bath home in Wilmette‘s Kenilworth Gardens offered at $3,300 a month. There isn’t enough information online to determine whether the home qualifies as special in any way, or whether it’s... Read more »
By Joe Zekas,
March 29, 2012 at 11:28 pm
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Is Kenilworth the home value champ or just another chump?

One of the features of Chicago Magazine’s April issue, which hits the stands this week, is a series of charts on how home values have performed between 2006 and 2011 in Chicago’s neighborhoods and suburbs. Only one suburb, according to data supplied to Chicago Magazine by the local MLS, saw an increase in home values... Read more »
By Joe Zekas,
March 15, 2012 at 8:16 pm
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Will someone pay $16.7M for a second-rate Winnetka neighborhood?

“That’s not a great neighborhood. It’s just north of Elder Lane [park]. I think he’s smoking something,” was the off-the-cuff reaction from a knowledgeable Winnetka agent I called for a quick take on a newly-listed lakefront home on just over an acre at 319 Sheridan Rd in Winnetka. The asking price: $16,749,000. Other considerations, according... Read more »
By Joe Zekas,
March 11, 2012 at 2:58 pm
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It's price reduction season on the North Shore

North Shore homes for sale often are pulled from the market before the holidays and relisted as “new” after the first of the year. Genuinely new first-time listings start appearing with greater frequency after the Super Bowl – or earlier depending on what kind of a season the Bears have had. Although you won’t see... Read more »
By Joe Zekas,
January 20, 2012 at 10:49 am
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Average price down $150K in two years in Wilmette's Romona School area

West of Skokie Rd (Rte 41) in Wilmette all of the north — south streets have names that begin with an L: Lacrosse, Lamon, Laporte, Lavergne, Lawler, Leclaire, Long, Leamington and Laramie. It’s an area that belies the North Shore’s reputation as a wealthy enclave. Homes are typically priced from the mid-$200s to the low... Read more »
By Joe Zekas,
January 16, 2012 at 3:27 pm
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