Market Conditions in Near North Side : Advice

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Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What are the HOA fees?
362/mo, but it faces north which means it has zero view other than another ugly looking building about 100' away.
0 votes Share Flag Mon Jul 9, 2012 Market Conditions in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Is a south facing condo with plenty of sunshine provide greater value than one that is not?
Yes, 'light' does help. Most buyers like/want it, but I have seen many North facing units that are bright and very nice also. There can be other things that help value and mitigate the ... more
0 votes Share Flag Wed Jul 11, 2012 Market Conditions in Near North Side
David Hanna, Real Estate Pro in 60417
David Hanna answered:
Why should a condo with 3 Bed and 3 BA sell for the same as a 2 Bed 2 BA with the same square footage and approx. floor plan?
A few of many reasons-
Location, location location.
When you buy a condominium, you are buying more than space. Finishes, views, amenities in the building all relate to the unit.
The ... more
0 votes Share Flag Fri Jun 8, 2012 Market Conditions in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
How does lack of inventory, e.g. only one of a kind in a building location affect comps? Comps that are sold and no longer available as inventory.
You are asking 2 questions. Supply/demand absolutly affects value either up or down.
While it is nice to only use comps from the same building often this is not possible so appraisers ... more
0 votes Share Flag Fri Jun 8, 2012 Market Conditions in Near North Side
M, Other/Just Looking in Florida
M answered:
How long will prices keep dropping in downtown Chicago and what %?
Antonio,

All indications are that Chicago has some room to go south. The inventories remain very high and there are numerous projects still in the works and many that slowed down be ... more
0 votes Share Flag Wed Dec 23, 2009 Market Conditions in Near North Side
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
What is the best way to know the market values, and/or number of the active, pending closed sales in an area.?
Hey Jack

Your best bet is to consult Connect MLS- Do a search and on top of the screen there are two blue arrows which will show you the average.

Best of luck
0 votes Share Flag Thu Jun 6, 2013 Market Conditions in Near North Side
Rhett Damon, Other/Just Looking in Chicago, IL
Rhett Damon answered:
What's going on in River North?
As with anything else... it depends.. but 4 years is a reasonable time to expect a return. RN prices have adjusted down slightly but all in all it's pretty good.
0 votes Share Flag Sun Nov 29, 2009 Market Conditions in Near North Side
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
How many units are currently for sale in 512 N McClurg/River East?
Hi

Currently Feb 6th the MLS shows 25 listings from $220,000-$599,000 including 5 rentals. In terms of REO I have seen more at the 440-480 McClurg building and 345 Lasalle. Feel fre ... more
0 votes Share Flag Wed Feb 6, 2008 Market Conditions in Near North Side, Chicago, IL
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