Comparing Chicago’s annual real-estate charts from 2006 to the ones that appeared in the October 2010 issue of the magazine, I found that the average length of time that a house waits on the market has more than doubled in 29 Chicago neighborhoods and 129 suburbs. The two places where market time has lengthened the most over those four years are Montclare on Chicago’s Northwest Side and Lake Forest on the North Shore…
DÉJÀ VU: Declining prices have sent home values back to where they were eight years ago. So what’s your house worth now? Chicago magazine’s annual real-estate charts track home prices in nearly 300 neighborhoods and towns
Sortable chart of prices of Chicago homes
Sortable chart of prices of homes in the suburbs
Where we got the data and how we prepared our charts
List Price: $3.587 million
Sale Price: $3.701 million
The Property: The 30-room Wilmette mansion where the now-imprisoned political wheeler-dealer Tony Rezko threw fundraisers for Barack Obama and Rod Blagojevich is undergoing renovations by its new owners, Dan Johnson, the managing director of Citadel Investment Group, and his wife, Katherine “Katsy” Johnson, an artist…
List Price: $2,895,000
The Property: It started life in 1907 as a cedar-clad Colonial, but in 1930 this Highland Park home underwent a transformation into a Mediterranean-style villa, complete with a giant wall of cut stone embracing the entrance, wrought iron balconies, and carved walnut doors in the main rooms…
Since the real-estate downturn began, the S&P/Case-Shiller index of home prices has been a good measure of where prices stand relative to where they used to be. For the past several months, the index has had current residential sale prices in the Chicago area running about where they were in mid to late 2002…
List Price: $2.8 million
The Property: The view from this condo on the 54th floor of the Heritage, the 57-story tower immediately west of the Cultural Center, takes in Millennium Park, Grant Park, and Lake Michigan. Even on the stormy day when we shot our photos and video, the views were breathtaking…
List Price: $799,900
Sale Price: $799,000
The Property: Set on nearly an acre in Long Grove, this 11-room house sold Thursday for 63 percent of the $1.25 million that its sellers had paid for it new in 2005.
