List Price: $2.999 million
The Property: Today’s house is named Woods End, but given its sylvan setting, it really ought to be called Woods Heart. It’s a series of steep-roofed pavilions, each containing a major part of the living space and topped with huge skylights. The rear of the house is walled with windows and wrapped with an elevated 175-foot-long deck…
We’re five years out from the beginning of the housing market’s crash, and home values are lingering at about where they were in early 2002. Many forecasts predict the dark clouds will stay put, both because of the huge overhang of foreclosures and because the federal government has been slow to do anything effective about stopping the decline…
Readers ask questions, and our real estate expert answers. This week, Sherry asks about garnering more buyer interest in a home with seemingly great appeal.
List Price:$2.3 million
Sale Price: $2.3 million
The Property: This newly built 15-room house scored the record price for a residence in East Ravenswood, the Chicago neighborhood that is home to Mayor Rahm Emanuel. The house, two blocks south of Emanuel’s house, is the third on its block built by the developer Christopher Olson…
List Price: $1.19 million
The Property: In the early 20th century, the Villa neighborhood was advertised as “The Beauty Spot of the Northwest Side.” Its Arts and Crafts houses are still there, as are the landscaped parkways and the stone light posts (although those are now used as planters), and only a few out-of-character buildings have been added…
Where we got the data and how we prepared our charts
BACK TO MAIN STORY: REAL ESTATE 2011 » Charts: Chicago (PDF) » Suburbs (PDF) » Five years into the steady decline of Chicago-area home prices, the gloom is pervasive. It’s evident in the faded signs hanging on long-unsold foreclosures, in the half-empty condo towers with their swaths of darkened windows, and here in the columns … Read more
THE NEW NEW RULES OF REAL ESTATE: Eleven years ago, Chicago offered a guide to making the most of the sizzling-hot housing market. What a difference a decade makes. Now, confronting the realities of today’s pinched economy, local real-estate pros weigh in with the best strategies for buying or selling a home. PLUS: Our annual survey of housing prices in nearly 300 neighborhoods and towns
In Chicago, Milwaukee, Detroit and Indianapolis, the rate of homes going into foreclosure is about the same. But according to a new study by analysts at the Federal Reserve Bank of Chicago, distressed homes here stay in foreclosure longer than they do in those other markets—which means they are likely to drag down our local housing market longer than the distressed homes in those other cities…
Readers ask questions, and our real estate expert answers. This week, Beth from Lockport asks about selling a home that neighbors a cemetery
