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Housing Bulletin: And now, the rest of the story

Every Thursday except holidays, I post a short tour of a home that is for sale, including the sellers’ asking price. But the asking price is only half of the story, as the past year’s market drop has clarified for all of us; the other half is the final selling price.
So, as Paul Harvey would say, now here’s the rest of the story on several properties I posted on Thursdays in 2008…

Every Thursday except holidays, I post a short tour of a home that is for sale, including the sellers’ asking price. But the asking price is only half of the story, as the past year’s market drop has clarified for all of us; the other half is the final selling price.

So, as Paul Harvey would say, now here’s the rest of the story on several properties I posted on Thursdays in 2008.

This list isn’t meant to be an exhaustive list of the ‘On the Market’ properties that have sold. It’s likely that some others have changed hands and that the public records haven’t yet been updated. But many of the properties I visited this year either are still waiting to sell or have been taken off the market until conditions improve.

(Click on the published date to see the original blog post)

January 3rd: I took you to a gracious Georgian townhouse in the Gold Coast. It sold in October.
List Price: $3.625 million
Sold Price: $3.03 million

January 17th: We wandered through a handsome Prairie home, part of a ‘professor’s row’ in Hyde Park. It sold on Valentine’s Day.
List Price: $1.9 million
Sold Price: $1.5 million

February 14th: In Logan Square, we went inside a traditional graystone whose interior had been redone in a stunning contemporary look. It sold in July to Abigail Lurie, the daughter of the prominent Chicago philanthropist Ann Lurie.
List Price: $1.149 million
Sold Price: $965,000

February 28th: At the Deco-styled Elm Tower on the Near North Side, we saw a 7th-floor condo. It sold in May.
List Price: $1.095 million
Sold Price: $1.035 million

March 13th: Brandie Malay, the host of a real estate TV show, took us to her own condo, a full floor atop a building in Old Irving Park. It sold in June.
List Price: $749,000
Sold Price: $645,000

April 17th: Down in Homer Glen, we checked out the blinged-out crib of Blaxican, a rapper who was jailed in a money-making scheme. Seized by the State of Illinois, it sold in late May.
List Price: $350,000
Sold Price: $380,000

May 1st: We toured a remarkable Tudor mansion in Highland Park. The seller had a contract in November, but the sale information is not yet in public records, so I don’t know the purchase price.
List Price: $2.9 million
Sold Price: N/A

August 21st: We went to Oak Park to see a Prairie-style home with numerous art-glass windows both old and new. It sold in November.
List Price: $990,000
Sold Price: $900,000

September 25th: In Roscoe Village, we looked at a charming French-styled home. It sold in December to Dustin Byfuglien, a Chicago Blackhawks defenseman.
List Price: $1.395 million
Sold Price: $1.26 million

As you can see, the sales of my ‘On the Market’ selections thinned out significantly in the late summer and fall months—echoing the severe slowdown in home sales as the nation’s financial crisis deepened.


 

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