Archive for October, 2016

Chicago Real Estate Market Trends – Sept 2016

October 28, 2016

karentablet

Chicago Real Estate Market Trends for September 2016

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in September 2016 decreased by 16.91% compared to September 2015. The average selling price in decreased by 2.74% to $788,783 and the average market time decreased by 1 day or 1.20%. Homes sold for 94% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

167

$788,783

94%

82

Sept 2015

201

$811,019

97%

83


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in September 2016 increased by 23.29% for the month when compared to September 2015. The average selling price increased 4.08% to $430,638 and the average market time rose 3 days or 4.61%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

1,192

$430,638

98%

68

Sept 2015

1,154

$413,719

98%

65


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in September 2016 dropped 7.47% when compared to September 2015. The average selling price increased 15.98% to $555,591 and the average market time increased by 4 days or 5.47%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

99

$555,591

97%

77

Sept 2015

107

$479,033

98%

73


Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties

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New Video: 7059 N Damen Ave #2S

October 28, 2016

7059 N Damen Ave #2S, Chicago IL 60645

Get one month rent FREE!

Bright and beautiful recently rehabbed condo has a flowing floor plan, hardwood floors, crown moldings, gas fireplace, and French doors. The eat-in kitchen has 42″ cabinets and stainless steel appliances. There are two large bedrooms and great closet space. The unit has in-unit laundry and a rear deck. Building amenities include large private storage locker and bike room. Two blocks to the Metra and one mile to the lakefront. This section of Damen is a quiet, leafy side street with plenty of parking.

Marketed by Chicago Realtor Karen Breen Elia!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Common Moving Mistakes To Avoid

October 24, 2016

moving

Moving into a dream home is one of the most wonderful and exciting feelings in the world. However, there are a few issues that you should try to avoid at all costs if you can.  A few of these moving mistakes to avoid are listed below.  Be sure to do whatever you can do to avoid making these moving mistakes.

  1. Typically, when folks move they hire a moving company. If you are moving from one state to another, don’t make the mistake of thinking or expecting your things to arrive before you do.  Many times your possessions will not even arrive all at one time.  It may be that it takes a couple weeks for everything to arrive at your new home.  Don’t panic.  Realize that this may be the case in the first place and you won’t freak out when it happens to you.
  2. One issue when moving into a new home that folks may have is more of just a personal mistake. To avoid this mistake do your best to let go of the past and embrace the new home and the changes it will bring to your life.  Don’t try to recreate your old home in your new home.  Allow for some growth and change to enter your life and you will be more able to enjoy all that is new.
  3. Be sure to call the school district where you would like your children to attend to make sure they have room for more students. It is not a good feeling to move into a new home with the expectation of sending your children to a wonderful school only to find out they don’t have room for them and you end up having to send them to a less desirable school system.
  4. If you have to store a few things while you move, do your best to get them out of storage as soon as possible. Most storage centers charge a monthly fee to store your stuff and there is no need to pay a bill that is not exactly necessary longer than you absolutely have to.   A good rule of thumb is, if you haven’t used something in a couple of weeks to a month you don’t need it and you should throw it out or give it away.  Don’t fall into the trap of storing all of your “stuff” for extended periods of time just because you think you might use it one day.

Hopefully this list of moving issues you should try to avoid  will be helpful to you in your next move.  Do your part to make the move an easy one by realizing what things you should avoid.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Streeterville Condo For Sale: 900 Lake Shore Dr #2308

October 19, 2016

900 Lake Shore Dr

Streeterville Condo For Sale:

900 Lake Shore Dr #2308, Chicago IL 60611
MLS# 09370101

1 Bedroom | 1 Bath | 887 Square Feet | Streeterville

Virtual Tour

Awesome Streeterville!  Live in a Mies van de Rohe classic on Lake Shore Drive! Sleek and sophisticated! Large one bedroom overlooking the lake on a high floor in a full amenity architectural masterpiece.  Hardwood floors throughout.  Designer kitchen with marble and glass black-splash, water filtration system, quartz counter tops, KitchenAid stainless steel appliances, pantry cabinets, and sleek cabinetry.  Kitchen is open to separate dining area.  Huge living room with lake and city southern views from floor to ceiling Thermopane windows with UV film. Italian marble remodeled bath.  Spacious bedroom with new window treatments.  New lighting fixtures, and new Marlo unit.  Well run building with no special assessments, $3.4 million in reserves, 24 doorman, receiving, cleaners, valet, storage, bike room. Sundeck overlooking the lake, on site management & engineer.  Don’t miss this exceptional home in the sky!

Marketed by Chicago Realtor Karen Breen Elia!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

5 Things to Consider When Purchasing a Condo

October 14, 2016

5 Things to Consider When Purchasing a Condo

If owning your own home isn’t on your agenda and you would rather purchase a condo or townhome to make things a bit easier on yourself, you are not alone.  There are several things however that you should consider and think about before purchasing a condo and a few of those things are listed below.

  1. One thing to consider when purchasing a condo  is who the manager is.  If you have a manager that is easy to deal with then you shouldn’t have any issues, but if you have a manager that doesn’t see eye to eye with you on things you may find yourself wishing you never would have purchased a condo.
  2. There are fees associated with owning a condo. You should definitely check into the fees associated with your particular condo before purchasing it.  These fees can range anywhere from $200 to $400 per month or year depending on how upscale the condo is you want to purchase.
  3. Looking at the condo financial statements is a great way to see if you really want to purchase a condo or not. For example if the condos financial statements do not include paying for repairs on a broken street light, you may end up seeing the repair costs tagged on to your bill.  Taking these types of things into consideration could sway your decision one way or the other regarding purchasing.  If you find that repairs on such things are not included in a particular condos financial statements you may want to search for a condo that does cover them.
  4. Knowing the rules of condo living can make or break your decision of purchasing as well. Some condos don’t allow holiday decorations while others just tell you where to park.  It’s up to you to decide what is most important to you and what rules simply do not matter that much, however knowing the rules is imperative.
  5. Checking out the condos liability insurance to make sure there are no pending lawsuits against it is also a good idea.

These things to consider before purchasing a condo are just the tip of the ice berg.  Do your due diligence, ask questions and find out all there is to know about condo living  before sinking your money into a one you are not happy with. If you do all of this and you are satisfied, you will likely enjoy condo living and all it has to offer.

Courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Chicago Real Estate Market Trends for August 2016

October 12, 2016

Being a homeowner means that your home is yours – even the things that need fixing. Is a faucet leaking? Are floor boards squeaky? Is a light-switch not working? Those issues are all yours to tackle. But what projects can you do yourself and what ones require the help of a trained professional? Taking on projects yourself can save you time and money. But taking on the wrong projects can lead to unending amounts of stress or end up costing you more money than if you had hired someone in the first place. NAR’s consumer website, HouseLogic.com, lets you know which projects need a seasoned hand and a beginner can undertake.

Take a look at how many families decided to become homeowners in our local market in August…

Chicago Real Estate Market Trends for August 2016

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in August 2016 decreased by 10.43% compared to August 2015. The average selling price in decreased by 3.45% to $787,003 and the average market time decreased by 3 days or 4.28%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

206

$787,003

97%

67

August 2015

230

$815,161

97%

70


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in August 2016 increased by 2.33% for the month when compared to August 2015. The average selling price decreased 0.50% to $402,536 and the average market time dropped 7 days or 11.29%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

1,490

$402,536

98%

55

August 2015

1,456

$404,587

98%

62


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in August 2016 remained the same when compared to Augsut 2015. The average selling price decreased 0.18% to $562,237 and the average market time increased by 16 days or 23.8%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

128

$562,237

98%

51

August 2015

128

$563,252

97%

67


Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties

Chicago Home For Sale: 1047 W Winona Ave

October 6, 2016

1047 w winona ave

Chicago Home For Sale:

1047 W Winona Ave, Chicago IL 60640
MLS# 09359235

3 Bedrooms | 1.5 Baths | 1,759 Square Feet | Edgewater-Uptown

Adorable and affordable fee simple townhouse 1.5 blocks to Margate Park, lake, Marianos and red line el stop. Three levels of living space. Generous living room, large eat-in kitchen, huge family room. Three bedrooms on second floor with full bath. Wood laminate floors. Includes deeded parking space. No HOA fees. Great walk to everything neighborhood. Margate Park is full facility with field house, fitness center, after school and schools out programs & dog park.

Marketed by Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Rogers Park Condo For Rent: 7059 N Damen Ave #2S

October 3, 2016

7059 N Damen Ave

Rogers Park Condo For Rent:

7059 N Damen Ave #2S, Chicago IL 60645
MLS# 09357545

Virtual Tour

2 Bedrooms | 1 Bath | Rogers Park

Bright and beautiful recently rehabbed condo has a flowing floor plan, hardwood floors, crown moldings, gas fireplace, and French doors. The eat-in kitchen has 42″ cabinets and stainless steel appliances. There are two large bedrooms and great closet space. The unit has in-unit laundry and a rear deck. Building amenities include large private storage locker and bike room. Two blocks to the Metra and one mile to the lakefront. This section of Damen is a quiet, leafy side street with plenty of parking.

Marketed by Chicago Realtor Karen Breen Elia.

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