East Randolph Street – Call Kristine 312-933-1894

Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago

East Randolph Street, Chicago

Entries Tagged as 'chicago real estate market'

Buying Can Cost $300 Less Per Month Than Renting Right Now

August 21st, 2013 · No Comments · Uncategorized

In a recent article by Alby Gallun that appeared in Crain’s Chicago, renting can cost about $300 more than owning in one River North tower. While there are a lot of variables including the terms of the mortgage and neighborhood, rents have certainly gone up quite steeply in the last few years, mortgage rates remain […]

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Crain’s Chicago Predicts New Downtown Chicago Condo Construction

August 21st, 2013 · No Comments · Uncategorized

In an article entitled “Let’s Get Ready to Condo“, Crain’s Chicago predicts that as developments from years ago finally start selling out, new downtown Chicago condo construction is sure to follow. I’ve actually been involved in helping to sell out some of the those condo projects lately including Trump, 2550 N. Lakeview (Lincoln Park 2550), […]

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Over One Hundred Chicago Properties Sold or Rented

July 8th, 2013 · No Comments · Uncategorized

I noticed on my new FindHomeChicago.com real estate search engine under “Properties I’ve Sold” it lists 101 properties. This also includes rental listings. Note that I frequently work on the buyers (or renter’s) side, so in terms of total number of deals completed, it’s probably more like 300 or 400 satisfied clients. Looking to make […]

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Latest Case-Shiller Data Shows Chicago Home Prices Up 9% vs. Last Year

June 25th, 2013 · No Comments · Uncategorized

The April numbers are in and Chicago’s home prices are up once again. The data shows residential real estate up 9% in April 2013 vs. the same time last year. This is the sixth consecutive month of price increases. Whether you are looking to buy or sell, I do think that now is a good […]

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Chicago Condo / Home Prices vs. Last Year and vs. Five Years Ago

June 20th, 2013 · No Comments · Uncategorized

Check out this interactive map. http://www.chicagobusiness.com/article/20130615/ISSUE01/130609972/are-home-prices-in-your-zip-code-going-up-or-down You can see prices are up in large swaths of the Chicago area, but down in others. It seems the Near West suburbs like River Forest and Elmwood Park have rebounded the most in the last year, and far flung suburbs that may have overbuilt during the peak such […]

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Chicago Downtown Developers Switching Back to Selling Instead of Renting

June 20th, 2013 · No Comments · Uncategorized

A couple years ago, it was quite common to see projects being switched from all Condos to all Rentals or a mix. Now, the pendulum is swinging back the other way. Inventory of condos available for sale downtown is quite low, less then 800 units are for sale right now, down from a peak of […]

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Only Two Units Left at the Park Monroe – 65 E. Monroe; Downtown Inventory Being Snapped Up Quickly

June 4th, 2013 · No Comments · Uncategorized

The Park Monroe at 65 E. Monroe St is suddenly on the verge of selling out! You have to wonder if the recent upturn in the real estate market caught them by surprise and they could have priced units a little higher. In any case, I have shown this building several times and I can […]

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Chicago Real Estate Prices/Values Soaring

May 28th, 2013 · No Comments · Uncategorized

I am not surprised based on my own experience, but yes it’s official. Chicago real estate prices jumped 8% in March vs. last year, the largest increase in more than half a decade. Some in demand buildings downtown have snapped back much more sharply. Read more on Crain’s. If you’ve been waiting to list, now […]

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Market activities in New Eastside, Including Lakeshore East

March 2nd, 2013 · No Comments · Uncategorized

Currently there are 52 active listings on the market at the New Eastside, including the Lakeshore East neighborhood. The listing price is between $245k for a one bedroom at the 400 E Randolph to $2.1m a three bedroom at the 340 E Randolph. Only one unit is short sale, which is unit 5109 at the […]

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