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Market Conditions in Uptown : Real Estate Advice

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  • Local Info7
  • Home Buying14
  • Home Selling4
  • Market Conditions4

Activity 4
Wed Apr 16, 2014
BJ Tregoning answered:
Here is a site to map neighborhoods in Chicago. Hoe this helps!
http://www.cityofchicago.org/city/en/depts/doit/supp_info/citywide_maps.html
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Thu Mar 28, 2013
Randall Lancaster answered:
I would like to recommend that you utilize my free website at www.idealhomesinchicagoland.com. You will be able to search for properties throughout Chicago and the surrounding areas. My website features up to date information, so you will not be finding homes and properties that are no longer available like on some of the realty websites that you may be using. My website also offers an array of neighborhood and market information that can help you make your determination on homes and locations. My featured partners are industry leaders that can assist you in making any realty transaction easy and transparent. I welcome you to utilize this amazing tool. As always I will be available to answer any questions that you may have. ... more
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Fri Jul 24, 2009
Pete Fugiel answered:
There are dozens and dozens of distinct community areas within the City of Chicago. Uptown is just one of them. Recent industry stats for Chicago communties show many local shifts in home prices, condo sale activity, and overall market activity. Listing times are huge; expired/cancelled listings are at high levels. It seems like between 1995 and 2003, all ships rose with this new century's first demographic tide (the Baby Boom.) In the past two years, Uptown, like a lot of other 'hot' localities, have had to adjust. Prices are off, market activity is way down, and everyone has to wait until the traditional seven year sales cycle kicks back in. But the demand numbers are very good, (Echo boom generation/immigration,) the metro area is still growing, and future economic prospects look above-average. Lakefront location still matters in Chicago. But even in one City neighborhood, there can be several demographic trends going on at the same time. Spillover from Andersonville helps Uptown, High densities in some locales can be a negative. Single family homes in good neighborhoods are prize possessions. Condo units in good buildings, where there is actually a functioning condo association, likely will hold their value. The real estate sales cycle traditionally has been seven years. That is SEVEN years, not two or three. Watch your local numbers, they tell the story. ... more
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Thu Jun 25, 2009
Steve Acoba answered:
Hi Don.

Over the last 12 months, the average closed price was $219k with an average listing market time of 72 days. High sale price of $256k and low sale price of $162k. Currently there are 6 units on the market (2 are contract pending) with a high list price of $249.9k and a low list price of $229.9k. Average list price is $237.850k and an average market time of 75 days.

Hope this helps!
... more
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