Archive for December 2011

Build your dream home in Oak Brook

Oak Brook is one of the relatively near-in suburbs of Chicago, and that means that vacant residential parcels of any size are relatively scarce. A 111 x 485 lot – nearly an acre and a quarter – just came on the market, priced at $1,100,000. The lot, at 3100 Meyers Rd, is in the Downers... Read more »

Unsold Hinsdale home becomes a dream house

If a home languishes on the market for more than a year without selling, can it still be called a “dream house?” If it didn’t sell at its most recent offering price of $1.1 million, can you still call it a $1.2 million home? The answer to both questions is “yes” if you’re buying a... Read more »

A tale of two new listings in Maywood

The 5-bedroom, 3-bath home pictured above in Maywood sold for $53,000 in April of this year and just came back on the market for $199,900. Two of the bedrooms are in a fully-finished walk-out basement which also has a family room. The listing copy describes the home, at 1627 S 16th Ave, as completely remodeled... Read more »

LaGrange church returns to market

When the former Swedish Evangelical church at 137 N Kensington Ave in downtown LaGrange came on the market as a 3-bedroom, 3-bath home in September of 2007, it was listed for sale at $1,299,000. The home’s location on a busy Ogden Ave corner, coupled with the fact that two of the bedrooms were in the... Read more »

Do November sales stats indicate a stable market?

The following report of Chicago metro-area home sales activity is from RE/MAX Northern Illinois: Home sales activity in the metropolitan Chicago real estate market during November delivered another indication that a gradual increase in the number of homes changing hands is beginning to help stabilize home prices, according to an analysis by RE/MAX of sales... Read more »

A video visit to Occupy Naperville

If you’ve watched the coverage of Occupy Wall Street or the Occupy movement in major cities around the country, you may be surprised by what you see at Occupy Naperville (ON). An ON rally occasionally takes on the cast of a Tea Party, League of Women Voters or AARP meeting, albeit one that’s more thinly... Read more »

A sharp uptick in mortgage loan fraud

Ken Harney, a nationally syndicated real estate columnist, writes in the Daily Herald: Could today’s seductive conditions in the housing market — severely marked-down prices, record low interest rates and hundreds of thousands of foreclosures waiting to be resold — be breeding new generations of the very practices that led to the crash? In an... Read more »

Is this 4-bedroom priced to sell in La Grange Park?

If you spend any amount of time looking for homes you’ve often seen the phrase “priced to sell” describing a listing that’s lingered on the market for years without a price change. If you’ve been looking in La Grange Park, you haven’t seen many 4-bedroom homes with 3 full baths and nicely-appointed kitchens priced under... Read more »

Beechen & Dill wins Gold Key award for Clarendon Hills home

For the past 30 years the Home Builders Association of Greater Chicago has recognized the best efforts of builders with its Gold Key awards. The many local, regional and national builders active in the Chicagoland market ensure spirited competition for these awards, which carry high prestige in the industry. Beechen & Dill, a custom and... Read more »

A gingerbread Victorian fantasy in Naperville

The 48-unit English Rows development in Naperville is a gingerbread Victorian-lover’s dream come true. It’s a fantasy concoction of a community, complete with English gardens and reflecting and koi ponds. Homes at English Rows were once priced from just shy of $500K to $1.2M. No longer. Recent sales in the project, some of them bank-owned... Read more »