Some Encouraging Indicators – February 2015 Market Summary for Lakeview, Lincoln Park, Near North and the Loop

While real estate sales continued to drop and inventories continued to rise when comparing January 2015 to 2014 in the combined areas of Lincoln Park, Lakeview, Near North and the Loop, there were some encouraging indicators. (see chart below) UNIT SALES & UNITS UNDER CONTRACT Unit Sales in January 2015 dropped 11.7% in comparison to…

2015 Chicago Real Estate Tax Exemptions – City, County and State

The City of Chicago, Cook County and The State of Illinois offer home owners a number of  property tax exemptions and financial programs. Please review the list of exemptions and programs below, provided by the Cook County Treasurer’s Office and the Cook County Assessors Office, to be sure that you are taking advantage of everything that may be…

December 2014 – Warm Weather, Cooling Real Estate – Market Summary for Lakeview, Lincoln Park, Near North and the Loop

While the weather was mild in December 2014, the  real estate market continued to cool off when comparing 2014 to 2013 in the combined areas of Lincoln Park, Lakeview, Near North and the Loop (see chart below). The  trend of lower unit sales and rising inventories are not necessarily signs of a  market on the decline,…

« Older posts