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Real Estate Blog

MARKET SNAPSHOT – CITY OF CHICAGO

*The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®.

  • In October 2017, 2,084 homes sold in the City of Chicago. This is a 1.9 percent increase from October 2016.
  • The median sales price in the City of Chicago for October 2017 was $262,500, a 0.9 percent increase from this time last year.
  • The City of Chicago saw listings average 74 days on the market until contract, a 1.3 percent decrease from 75 days in October 2016.
  • Check out the October 2017 FastStats.

Information in this article has been provided by Chicago Association of REALTORS®

 

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Here in Chicago, we all look forward to those warm summer days and soaking in every second of the sunny weather. However, after several scorching hot days, by the time September rolls around, many look forward to cool nights and fall favorites: chunky sweaters, deep colors, boots and of course PUMPKIN SPICE EVERYTHING! At Smash Properties, we want you to trust us, not only to find you your perfect Chicago Condo or Apartment, but also to give you the insider deets on everything pumpkin spice in Chicago.

Since this fall drink favorite is what everyone craves at this time of year, I jotted down a list of a few places you can indulge in this toasty treat.

Au Bon Pain- On a crisp fall day you can enjoy a cup of the limited release Pumpkin Latte and

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We all love a good late summer cocktail! What better way to pair your alcohol than with a fresh LaCroix sparkling water. The seltzer craze is in full swing as these zero-sugar beverages are the perfect match to any liquor choice. We decided to do the “terrible” task of taste testing each combination and broke down our favorites with you. Now it is a work day, so we didn’t try EVERY combination, but here are some that made the cut.

A standard are the Lemon and Lime flavors as they work well will pretty much any flavor of booze, so just assume they are included in each category.

Gin:

This spirit derives its predominant flavor from juniper berries. We found that this alcohol choice definitely pairs best with the Melon Pomelo a cantaloupe infused

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Edgewater Chicago's Hottest Community? 

 

Recent market conditions in lake-front Chicago communities like Lincoln Park and Lakeview become more and more unaffordable, buyers are starting to set their sights a bit more north.

The Edgewater community is seeing a lot more attention as the result. The change has been most notable at the high end where the sale of luxury single family properties has boomed.

Some of the factors behind Edgewater’s boost are as a result of commercial development. The neighbourhood has added several new shops and restaurants Also the neighbourhood offers access to desired public schools, four L stops, and possibly a new Metra station proposed at Peterson.

Buyers are also seeing value in the area’s larger

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Greyhound's North Halsted location in Goose Island, which has received offers of $50 million (Google Streetview)

In what could be a huge lure for Chicago developers hoping to break into Goose Island, there is confidence building that Mayor Rahm Emmanuel will relax zoning restrictions in the North Branch Industrial Corridor.

Their increased hope is based most recently on Greyhound fielding offers for its eight-acre maintenance facility in Goose Island. The offers are reportedly as high as $50 million, indicating the retail and residential potential for the area is well worth the money.

The zoning restrictions in question are known as the PMD designations, which stands for Planned Manufacturing Districts. While these once served a historical

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  1. Get rid of clutter!

We know, those pots and pans hanging above the counter are only there because that’s just where they go. And all the picture frames and antique figurines on the shelves add character and personality to your home. Unfortunately, potential buyers will not see things that way. Buyers look at your home as potential space for their own belongings when it becomes their home. The more they see, the less space they have to use their imagination. Just as you were creative and proactive making use of your space, the next buyer also wants to have the chance to show off their own creativity!

  1. Bathrooms

Bathrooms by nature take a lot of wear and tear due to steam and moisture. However, an immaculate bathroom says to potential

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As anyone who has kept an eye on politics in the last year would surely know, Donald Trump makes a lot of promises. Whether or not he can keep these promises is yet to be seen, as he is already backtracking on many of his claims since becoming President-elect.

But when it comes to the economy, many Americans feel confident that Trump’s business sense will help him in his presidency. Donald Trump’s name is synonymous with making money due to his luxury brand, public image, and real estate empire. But is it logical that a real estate mogul turned politician could rely on experience alone to influence markets, specifically in Chicago?

Trump’s election has had an unfavorable impact on the real estate market already. Uncertainty in the market has caused

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One age-old question often pops up for those looking for a new place to live: Should I rent, or should I buy?

 Put simply, the answer often comes down to where you are, what your budget is, and what your plans are for the future. But that doesn’t mean that those with conventional wisdom can’t make mistakes too. We’ll straighten out this deceptively complex question for all you future residents out there, so there’s no need to worry.

 Buyers may confidently rejoice that homes and condos listed in the Chicago area are benefiting from the improved economy over the last year. With plenty of secure jobs, low mortgage interest rates, and loans easier to obtain, it seems like the perfect time to buy. And many others would agree, as proven by the fact that

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The Great Recession is all but behind us, as America’s economy steadily grows healthier each day. Unemployment rates have shrunk, oil prices have dropped, and companies can expand confidently in America’s current economic landscape. But let’s not forget a big cause of the recession in the first place: the housing market crash. With this in mind, why has the rebound in Chicago’s suburbs been slower or even nonexistent compared to most Chicago neighborhoods?

Let’s start with Chicago as a model for growth. Chicago’s metropolitan area is consistently listed among the best in the nation for luring in corporate facilities, even topping the list this year found in Site Selection Magazine. The hugest draws for Chicago in just the past couple of years have been

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