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February 2018

 

Home Sales, Prices Rise in Chicago Metro Area

Home prices continued an upward trend in 2017 in both the City of Chicago and the larger metro area.  Median home prices jumped 4.8% in the City and 5.6% in the market overall, according to the Illinois Association of REALTORS®. The number of homes sold in Chicago increased 1.8%, and was just slightly lower for the combined metro area at 1.2% for the entire year. An increase in both prices as well as the number of homes sold signals a healthy market with opportunities for both buyers and sellers.  

 

Homes Gain $2 Billion in Value, Chicago #5 Market in Nation

In a new study from the Urban Institute’s Housing Finance Policy Center, the Chicagoland metro area is the #3 city in which home owners could potentially save more money than if they were to rent. According to the study, a buyer with a median-income that purchases a median-priced home in the Chicagoland area with a 3.5 percent down payment, could save nearly 5.6 percent of their income by buying instead of renting.

 

How’s the Market – 1st Quarter 2018

Taking an in-depth look at how the market is doing during the quarter, the market continues to show positive signs of increase! Homes are spending less time on the market and luxury sales are up. Berkshire Hathaway HomeServices KoenigRubloff Realty Group has the highest average sales price in Chicago, the North Shore, DuPage and Lake Counties, and also for new construction homes. To see the whole report, please click here.

 
good to know
 

A Winter Palate for Year-Round Décor 

As we officially enter the last full month of winter, color schemes for the season can be used all year-round! HGTV.com offers their favorite color combos for winter. Neutrals and greys continue to be popular, but for added boldness, deep pink and bright red are having a moment, with olive green also making the list as a more toned down complementary color.  To see all of the suggestions, please click here.

 

Garden Inspiration for Game Day  

As the Super Bowl approaches, some are wondering how to enjoy snacking all day without compromising their New Year resolutions! Food & Wine offers over 20 healthy takes on classic favorites to prepare anytime. Recipes offered include tomato salsa with cucumber “chips”, avocado dip, and spicy spinach dip with pine nuts. To read more delicious recipes, please click here.

 

What's on the market? 

 

For Sale

440 N McClurg Ct #906

Chicago, IL 60611

1 Bedroom 1 Bath

Remodeled One bedroom at CityView New Hardwood Floors, Countertops and Appliances 

$289,000

Take a Tour

For Rent

New on Market!

1160 S. Michigan Ave, #3101

Chicago, IL 60605

2 Bedrooms 2.5 Baths

Amazing views of the Skyline and Navy Pier. Parking Included 

$3,200

Take a Tour

For Sale

240 E. Illinois St, #705

Chicago, IL 60611

1 Bedroom 1 Bath

Fantastic loft style residence with over 900 sqft of living space.

$375,000

Take a Tour

 

For Sale

505 N. McClurg Ct, #3606

Chicago, IL 60611

1 Bedroom 1Bath

Breathtaking corner condo has views from all angles.

$479,000

Take a tour

For Sale. New Price!

512 N McClurg Ct, #3410

Chicago, IL 60611

2 Bedrooms 2 Baths

1445 sqft corner condo home in desirable Streeterville location.

$547,000

Take a tour

For Sale. New Listing 

401 N. Wabash Ave, #44D

Chicago, IL 60611

1 Bedroom 1.5 Bath

Designer inspired turnkey showcasing north and west skyline and lake views.

$689,000

Take a tour

 

For Sale.

1160 S. Michigan Ave, #2107

Chicago, IL 60605

3 Bedrooms 2.5 Baths

Amazing North and East facing residence with absolutely stunning views of the Lake, Grant Park and the Museum Campus.

$825,000

Take a tour

Just Sold 

505 N McClurg Ct #4603

Chicago, IL 60611

3 Bedrooms 2.5 Baths

46th floor 3 Bedroom with Amazing Views 

$1,250,000

Take a tour

For Sale. New Listing 

401 N Wabash Avenue #85G

Chicago, IL 60611

1 Bedroom plus Den 1.5 Bath 

Soaring 85th floor home with magnificent views  

$799,900

Take a tour

 

RiverView Condominiums 

For Sale

415 E North Water Street #2006

3 Bedroom plus Family Room 

3498 Sq ft 

Amazing Space 

$2,100,000

Take a tour 

RiverView Condominiums 

Just Listed 

415 E North Water Street #3206

Top Floor 3 Bedroom 3.5 Bath Plus Family 

Beautiful Views and a Split Bedroom Plan

$1,890,000

Take a tour 

Just Sold 

512 N McClurg Ct #5407

High Floor 3 Bedroom with New Designer Kitchen and Skyline Views 

$939,000

Take a tour 

 

2138 Damen Avenue

Just Sold 

Three bedroom 3.5 Bath 2 car garage Fantastic Full Floor Condo   $1,170,000

Just Listed For Sale 

Gold Coast 

1313 N Ritchie Ct #504

Totally updated 2 Bedroom 2 bath Condo on Ritchie Court.  Open Kitchen, New baths and Corner Views from the spacious home. Full Amenity Building  

$489,000 

Take a tour 

 
 
Michael Maier
Live Like You Mean It!
mmaier@bhhschicago.com
312-520-6572
www.bhhschicago.com/michaelmaier
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980 N. Michigan Ave. Ste. 700 Chicago, IL 60611

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