Last week, using data from our annual real-estate charts—the latest installment is featured in the October 2011 issue of Chicago, on newsstands now—I revealed which city neighborhoods have seen home values drop the most and the least since the peak of the real-estate market. This week, let’s look at the suburbs…
Readers ask questions, and our real estate expert answers. This week, Stephanie from the Northwest Side asks whether she should save for a down payment or opt for alternate loans and pay private mortgage interest.
A look at the number of area homes sold for $1 million or more
Most high-end sales level off
List Price: $3.9 million
Sale Price: $3.25 million
The Property: A lavishly finished condo on the 47th floor of the Park Tower that was used only as an in-town residence by a family from the North Shore has been sold . . . to another North Shore family for use as their in-town residence, according to the selling agent, Chezi Rafaeli…
List Price: $3.199 million
The Property: In 1910, John A. Nourse, a Chicago lumberman and veteran of the Civil War—where he served with the Chicago Board of Trade Battery—moved his family to a big new residence on a large lot in Wilmette. A century later, the neighborhood still has brick-paved streets, and the house remains a stately presence on its corner. But the place has been expanded and updated to provide for a 21st-century family, while keeping much of its early 20th-century charm intact…
The S&P/Case-Shiller Home Price Index reported that home values in the Chicago region are down about 31 percent from their September 2006 peak. But what’s happened in your particular neighborhood or suburb?…
Readers ask questions, and our real estate expert answers. This week, Vanessa from the South Loop asks for first-time homebuyers’ resources in the Chicago area.
List Price: $2.5 million
Sale Price: not yet reported
The Property: The five-bedroom 6,000-square-foot home of Erik Logan, president of the Oprah Winfrey Network, went under contract last week, making him the latest member of Winfrey’s former Chicago team to pull up stakes for California…
List Price: $2.1 million
The Property: There’s nothing junior about the Marshall Field Jr. mansion. Now containing six condominiums but once a 43-room house, the red-brick Queen Anne building looms large, both physically and metaphorically, over the most historic stretch of Prairie Avenue…
