With an abundance of foreclosed properties on the market in Chicago, there has never been a better time to find a great deal. Foreclosures and other bank-owned homes offer a an excellent opportunity to get discounted prices on every type of real estate, from million-dollar mansions to one-bedroom condo units. RealtyTrac/Trulia recently released a survey [...]
Chicago Condos Online Real Estate Blog
Archive for the ‘Condo Market’ Category
Selling Your Chicago Condo in Winter
The Chicago winter season is fast approaching, as any Chicagoan can tell by the rapidly declining outdoor temps. And while that means some Chicago condos will temporarily be taken off the market for a couple months, a smart seller knows the holiday season does not necessarily signal a moratorium on condo sales. Even though January [...]
Existing Chicago Home and Condo Sales Up in September
Buyer confidence is slowly beginning to recoup in Chicago and the rest of the Midwest, due to a recent deluge of good news in the real estate market in those areas. According to several newly released housing market analyses, home and condo sales have continued to rise steadily in the Chicago area. In the month [...]
Chicago Luxury Condo Market on the Rise
A rising demand for rental units in downtown Chicago has resulted in a drastic change in demand for luxury for-purchase units in the city. Furthermore, an overall lack of financing has ensured that 2011 will bear witness to significantly lower construction of luxury units this year. Still, there are two luxury condo developments currently under [...]
Parents with College-Bound Kids Buy Chicago Condos
As the summer draws to a close and the start of the school year creeps ever closer, university students and their parents have a lot of important decisions to make, not the least of which concerns housing. While in the past the question of housing has generally hinged on which dorms to request on your [...]
Chicago Condo Sales Jump in Lakeview and Hyde Park
A couple of Chicago neighborhoods saw dramatic improvements in their condo markets last month, while citywide Chicago condo sales inched up just over 2 percent. The number of condos sold in the North Side neighborhood of Lakeview went up 33% in July and nearly doubled in the South Side community of Hyde Park. The median [...]
Tips to Prep Your Chicago Condo for Sale
The condo market in Chicago is very competitive. For every listing there are dozens of properties that have the same specs and a similar price point—which is why your condo needs to be prepped to impress before you put it up for sale. Use these tips to get your Chicago condos ready for the market. [...]
3 Things First-Time Chicago Condo Buyers Should Know
As a first-time buyer for condos in Chicago you may be looking to purchase. Fortunately, Chicago has a huge inventory of condos for sale so you should be able to find exactly what you want. However, there are a few things to keep in mind when searching for that perfect unit to buy… #1 Building [...]
5 Tips to Help Sell Your Chicago Condo
Do you want to sell your Chicago condo? Here’s some advice from those in the know about how to move your condo off the market… 1. Price Your Condo Aggressively – The Chicago condo market is very competitive and has a lot of inventory, which means you have to price your property aggressively to get buyers’ attention. One [...]
Chicago Condo Prices Show Gains
Is the Chicago condo market on the verge of making a comeback? Condo prices had their third consecutive month of year-over-year gains last month, which could be a good sign for both Chicago condo buyers and sellers alike. According to the latest report from the Illinois Association of Realtors (IAR), the median price for Chicago [...]
