Chicago Real Estate Market Trends for February 2017

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 Center, Uptown, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in February 2017 increased by 7.14% compared to February 2016. The average selling price increased by 2.81% to $881,726 and the average market time increased by 38 days or 30.89%. Homes sold for 97% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2017	90	$881,726	97%	161
Feb 2016	84	$857,653	95%	123

 

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in February 2017 increased by 23.14% for the month when compared to Feburary 2016. The average selling price increased 8.29% to $461,124 and the average market time dropped 1 or 1.05%. Homes sold for 98% of the listed price.

 

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2017	697	$461,124	98%	95
Feb 2016	566	$425,816	98%	95

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in February 2017 increased 42.11% when compared to February 2016. The average selling price increased 13.81% to $600,826 and the average market time decreased by 39 days or 34.51%. Homes sold for 97% of the listed price.

 

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2017	54	$600,826	97%	74
Feb 2016	38	$527,908	96%	113

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
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 Condo for Sale: 523 N Claremont Ave, Unit 3

Chicago Condo for Sale
523 N Claremont Ave, Unit 3 Chicago, IL 60612

2 bedrooms | 2 baths | 1,250 square feet | West Town
MLS# 09567247

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523 North Claremont Avenue

Very Walkable

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Looking for light? Check out this beautiful West Town/Ukrainian Village recent construction condo flooded with light on a lovely quiet street. Just painted, with newly installed and refinished hardwood floors and new light fixtures throughout, this unit is move in ready. Huge living room windows provide stunning light and views. Attractive, mantled wood burning fireplace with gas starter and recessed lighting. Open, flowing floor plan yields a separate dining area adjacent to the granite kitchen with upgraded appliances and breakfast bar seating. French doors to the second bedroom further opens the floor plan. Large Master bedroom with marble master bath and walk in closet. Separate laundry/utility room and private secure balcony. Large private storage and garage parking space included. Building was sealed & tuck pointed 2016. New roof 2013. Walk to Metra, Smith Park, restaurants, entertainment and shopping. One look and it will be love!

 

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 Condo for Sale: 847 W Monroe Street, Unit 4A

Chicago Condo for Sale
847 W Monroe Street, Unit 4A Chicago, IL 60607

3 bedrooms | 2 baths | 1,596 square feet | West Loop
MLS #09567690

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847 West Monroe Street

Walker’s Paradise

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Big and beautiful in a prime West Loop location. 4th floor loft condo featuring almost 1600 sqft of quiet concrete construction with 3 bedrms, 2 bths, deeded garage parking & 2 private outside spaces. Lavish open floor plan highlighted with inlaid hardwood floors, floor to ceiling windows, gas fireplace & front balcony affords plenty of dining room space. Granite counter tops, long breakfast bar & stainless steel appliances. Master bedroom features a marble bath & double closets & leads to spacious rear deck with gas line, water & electric. 2nd bedroom also opens to large deck & a glass door leads to the 3rd bdrm. In unit laundry/storage rm & assigned full sized storage locker. Elevator building is professionally managed, welcomes pets & is perfectly located in the West Loop. Skinner School district and Mary Bartleme Park is around the corner & few blocks to the blue line el, Randolph St restaurants, Greek Town, French Market, Whole Foods, Marianos, Union and Ogilvie Stations.

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 Condo for Sale: 1415 N Dearborn Street, Unit 7-8D

Chicago Condo for Sale
1415 N Dearborn Street, Unit 7-8D
Chicago, IL 60610

3 bedrooms | 3.5 baths | 2,268 square feet | Gold Coast
MLS #09518061

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1415 North Dearborn Street

Walker’s Paradise

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Unique, elegant and expansive high rise duplex in fabulous Gold Coast location. The 3 bedrooms, 3.5 marble baths, large family room with built in bookshelves, in unit laundry room/wet bar+2nd refrigerator, all make this property special at approx. 2300 sqft! The large open living & dining rooms, 2 en-suite master bedrooms (with organized walk in closets) and large 3rd bedroom overlook picturesque Dearborn St. White kitchen, new stainless steel appliances, granite & pantry cabinets. There are 2 foyers and a lovely staircase leads to gallery for art display. Hardwood floors, plenty of closets and storage thru out both levels + 2 private storage lockers. Onsite garage rental parking 2 cars plus public parking. Full amenity building features outdoor pool, sundeck, grills, exercise, bike, party & receiving rooms, doorperson & on site engineer. Ogden School district. Walk to Latin School, Catherine Cook, Lincoln Park, North Ave beach & all attractions of this stellar location. Broker owned.

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!