Category: Condos

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes
As a follow up to my annual review of new single family home construction in Chicago I’m now looking at where the new condos and townhomes are being built in the city. This analysis is based upon condos and townhomes that are either currently listed for sale or have been sold (closed, contingent, or pending)... Read more »

Case Shiller: Chicago Area Condo Prices Fall For First Time In 7+ Years

Case Shiller: Chicago Area Condo Prices Fall For First Time In 7+ Years
We got the updated S&P Dow Jones CoreLogic Case Shiller Chicago area home price indices this morning along with the indices for 19 other top metro areas and averages. Keep in mind that this data is for the 3 months ending in January so there is no effect from the coronavirus scourge reflected yet in... Read more »

Chicago's Most Expensive Condo Sales Of 2019

Chicago's Most Expensive Condo Sales Of 2019
Once again high end Chicago home buyers (people looking to spend $4 MM+ on a home) showed a strong preference for condos over single family homes. A couple weeks ago I posted on the most expensive single family home sales of 2019 and there were only 9 of them. However, there were 29 condo sales... Read more »
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Hottest Chicago Condo / Townhome New Construction Neighborhoods 2019

Hottest Chicago Condo / Townhome New Construction Neighborhoods 2019
I’m finally getting around to this follow up post on Chicago new construction. A couple of weeks ago I looked at single family homes and now I’m taking a look at condos and townhomes. As with my last post I’m using a slightly different methodology that includes more legitimate properties than my previous method. I... Read more »

Chicago New Construction Real Estate Market Review

Chicago New Construction Real Estate Market Review
I’m a bit overdue with my annual analysis of Chicago’s new construction real estate market. But before I get started on showing you where the single family homes and condos/ townhomes are being built and at what price points I thought it would be a good idea to step back a bit and give you... Read more »

Glut Of Higher Priced Condos/ Townhomes Developing In Chicago

Glut Of Higher Priced Condos/ Townhomes Developing In Chicago
In my monthly update on Monday I pointed out how we continue to see a significant divergence between the inventory of attached homes vs. the inventory of detached homes. Whereas we consistently had lower attached home inventory than detached home inventory for years that pattern has recently flipped and for the month of September attached... Read more »
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Despite New Tax Law Buying A Home In Chicago Area Still Better Than Renting

Despite New Tax Law Buying A Home In Chicago Area Still Better Than Renting
Back in February I posted on how the new tax law would affect the rent vs. buy decision. However, I got to thinking that it might be instructive to work through a real example rather than just pontificate from an ivory tower. I was actually a little surprised by the result. Before I dive into... Read more »

Who Wins, Who Loses In Chicago's Condo Deconversions?

Who Wins, Who Loses In Chicago's Condo Deconversions?
About a year ago I wrote about the Chicago condo deconversion boom and how these deals are not necessarily good for all owners. The developer puts an offer out for the entire building and that offer is allocated among the units based upon their ownership interest, which is often largely determined by square footage and... Read more »

The Strange Patterns In University Village Condo And Townhome Prices

The Strange Patterns In University Village Condo And Townhome Prices
It’s been a couple of years since I have reviewed University Village* condo and townhome prices. Over the last year or so I’ve been monitoring the sales flow there and I’ve been intrigued by how much of the available inventory has been overpriced and consequently has languished on the market. Occasionally I’ll see a transaction... Read more »
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Chicago's Most Expensive Condo Sales Of 2018

Chicago's Most Expensive Condo Sales Of 2018
Last week I looked at Chicago’s most expensive single family home sales of 2018 and last year was a bit stronger at the high end than 2017 – 14 homes sold above $4 MM vs. 11 the year before. However, now I’m turning my attention to the most expensive condo sales of 2018 and last... Read more »