What Is The Best Month To Sell A House In Chicago

What Is The Best Month To Sell A House In Chicago

When is the best time of the year to sell real estate in Chicago?  The answer is anytime, especially in a seller's market.  Every year, sellers go through the same process of trying to time the sale of their houses, condos and income properties.  Historically, the spring and early summer months have been the prime seasons for selling and they still tend to be.  However, there are few fundamental reasons for this tradition to hold, notwithstanding the weather.

Read More

Recent Sale Price to List Price Exceeds 100% in Logan Square

Recent Sale Price to List Price Exceeds 100% in Logan Square

The market for residential multifamily apartment buildings in Logan Square, Chicago remains very tight in early 2013.  Properties of all types from distressed to arm-chair investments are moving quickly.  Demand is outstripping supply to such an extent that the Average Sale Price to List Price ratio has been nearly 100% or above since August of 2012. 

Read More

Is Declining Inventory and Stiff Competition Holding You Back?

Is Declining Inventory and Stiff Competition Holding You Back?

New and experienced investors alike are hitting road blocks in the current market, i.e. lack of inventory and increased competition on all fronts.  These investors have money to deploy and goals to achieve but limited opportunities in the current market.   

Read More

Irving Park: 1 Neighborhood, 5 Reasons For Investors To Buy In 2012

Irving Park:  1 Neighborhood, 5 Reasons For Investors To Buy In 2012

Irving Park has long been a stable and sought after north center neighborhood for Chicago residents.  It has a solid mix of commerce, residential housing and decent access to public transportation and the highway.  This neighborhood was particularly hard hit by the recent housing bust from 2006-12 and now represents a good buying opportunity for investors.  Here are 5 reasons to buy in Irving Park.  

Read More

Understanding Market Trends

Understanding Market Trends

Identifying and understanding market trends in real estate is important if you are going to buy or sell successfully.  For sellers, getting stuck in a downward trending market and not realizing it, can be very painful, especially if they are slow to react.  The opposite is true for buyers who enter the market when it is trending up. 

Read More

Market Fundamentals Continue To Improve On Chicago's North Side

Market Fundamentals Continue To Improve On Chicago's North Side

The market for 2-4 unit multifamily properties on Chicago's north side showed further improvement through July 2012.  The total Months Supply of Inventory currently stands at a 3 month level of supply. The general concensus for a healthy market is 6 months supply of inventory.  

Read More