Archive for February 2012

New and noteworthy – Shingle style home in Glen Ellyn

The 3,700 square foot, 4-bedroom, 4 ½ bath home at 852 Woodland Dr doesn’t lend itself to easy characterization. I’ll settle for calling it a Shingle style home, but hold open the possibility of finding a more apt description. The home was, surprisingly, built in the 1950s. It was “rebuilt and renovated” 10 years ago.... Read more »

Relocating Navistar employees make varied housing choices

Elmhurst Patch has a fascinating article on the housing choices of Navistar employees who were relocating from the company’s previous headquarters in Wayne, IN to its new location in Lisle. The relocating employees have collectively purchased more than $50 million in local real estate, but they showed little inclination to cluster in close-to-work locations. Here’s... Read more »

A two-bedroom at The Grove for 45% of the 2007 price

Having visited The Grove in Forest Park several times I find it difficult to fathom how units in the development can be selling at such steep discounts from their original selling prices. But they are. The Grove is an attractive, quality development by an established, highly-regarded North Shore builder. The units were well-designed, well-built and... Read more »

A spate of superlatives in Hinsdale for $4,699,900

Start with an architecture firm with aspirations of being “the best design firm in the western suburbs.” Add a builder that touts itself as “one of the premier custom home builders in the Hinsdale area.” Produce a 9,010 square foot, 6-bedroom home with 6 full and 2 half baths in a walk-to-town Hinsdale location. Has... Read more »

From the $700s to the $600s to the $500s in Downers Grove

The many-gabled 4-bedroom, 3 ½ bath newer home at 4529 Pershing Rd in 4529 Pershing Rd sold for $742,000 in October of 2005. It resold for $605,000 in July of 2008. In another notch down, it recently came on the market as a short sale for $520,000. According to the listing copy, the home has... Read more »

Open house pick – A walk-to-everything townhome in downtown Elmhurst

While many suburban downtowns have been struggling for years and searching for ways to reinvent themselves, downtown Elmhurst has been thriving. The City Centre website for downtown Elmhurst even serves up a parking map for visitors who may find themselves baffled by the number of visitors to the sheer variety of shopping, dining and entertainment... Read more »

Bargain prices on suburban condos?

Suburban Chicago condo prices have taken a beating over the past 5 years. Prices have fallen as much as 50% or more in many condo complexes and many units have languished on the market for years. Are they now at a level that buyers are willing to consider bargains? Unit 6E at 1110 Grove St... Read more »

MLS offers broad selection of rentals in Naperville

If you’re looking to rent a home, townhome or condo in Naperville, you’ll find a wide selection available through a search of rental listings in the local MLS. There are currently 82 Naperville listings returned by a search at a major broker’s website. They range from a 1-bedroom condo priced at $825 a month to... Read more »

Quote of the day – some builders are dead men walking

Credit the always-readable Diana Olick at CNBC for our quote of the day: Last year was the worst on record for the nation’s builders, in sales and starts, but demand is slowly returning, and the concern is that when demand really surges in the coming years, there will be too little supply to meet it.... Read more »

Chicago area ranks high on CoreLogic foreclosure charts

CoreLogic, in a news release not yet updated to its news page, just announced its first national Foreclosure Report which provides monthly data on completed foreclosures, foreclosure inventory and 90+ delinquency rates. According to the report: Completed foreclosures for all of 2011 totaled 830,000 compared with 1.1 million in 2010. In December 2011 there was... Read more »