Archive for March 2012

A classic layout in Elmhurst's Elm Estates

The 4-bedroom, 2 ½ bath 2-story home at 964 Kent Ave in the Elm Estates neighborhood of Elmhurst will be instantly recognizable to tens of millions of people who grew up in homes very similar to it. It’s a classic layout from the 60s that’s stood the test of time and still works with the... Read more »

Foreclosure, delinquency rates rise in Chicago metro area

Foreclosure rates in the Chicago-Joliet-Naperville CMSA have increased for the month of January over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Chicago-Joliet-Naperville area foreclosures among outstanding mortgage loans is 6.35 percent for the month of January 2012, an increase of 0.57 percentage... Read more »

Live on the cheap in an elevated Oak Park condo

Condo values have collapsed in a number of Chicago’s suburbs, especially at the lower end of the market, and Oak Park appears to be no exception. You can even find sub-$50K offerings in well-located buildings in downtown Oak Park. A 1-bedroom unit at 938 North Blvd has been on and off the market for over... Read more »

West suburban real estate news roundup

If you’re homeward bound to Chicago’s western suburbs, the local media can help you learn the flavor of the different communities and keep you up-to-date on real estate news. Not all of the stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. Clarendon Hills home... Read more »

The only new construction condos in Lombard near a sellout

The 80-unit Yorkbrook Place, at 2030 St Regis Dr in Lombard is down to its last 10 units. Four separate floor plans are still available, all including 2 bedrooms and 2 baths in approximately 1,300 square feet of living space. Units include spacious eat-in kitchens, separate dining areas, large living rooms and 1-car parking. The... Read more »

Metro Chicago home sales soar 26 percent in February

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales activity in the metropolitan Chicago real estate market continued to accelerate in February, posting its strongest increase in six months. There were 4,760 closed sales in the seven-county area during the month, 26 percent more than during February of last... Read more »

Can Saint Joseph help sell your home?

Many Chicagoans are looking forward to slipping the surly bonds of civilization and settling in for a weekend-long drunk. It’s Saint Patrick’s day and getting drunk is a tradition. Many Chicago home sellers have lost sight of or never heard of another tradition, one that dates to the sixteenth century: burying a statue of Saint... Read more »

The Trib dishes the line on Lyons

There aren’t a lot of good sources out there to give home buyers a useful sense of the characteristics of different suburban communities. Mere statistics tell the story to some extent, but are no substitute for a reporter with a keen ear for a community’s vibe. The Chicago Tribune publishes the best collection of community... Read more »

A starter / downsizer half-duplex near downtown Elmhurst

One of the many things I like about Elmhurst is that it’s a place where real estate agents still call a basement a basement rather than a “lower level.” Elmhurst’s other attractions have more resonance with home buyers: good public and private schools, great parks, a thriving downtown, less than half an hour Metra access... Read more »

Half price on a "divine location" in Hinsdale

Great locations, spectacular locations and unbeatable locations are all staples of real estate lingo. And now, compliments of Coldwell Banker agent Mike McCurry, you can add “divine location” to the Realtor lexicon. The location in question, 5801 S Grant St, is a block south of Hinsdale Central High School. It’s the site of a bank-owned... Read more »