Chicago Housing Market News Reports
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World Health Day - Battle of the Cities | Infographic

World Health Day - Battle of the Cities | Infographic | Chicago Housing Market News Reports | Scoop.it

Is your city the fittest? In honor of World Health Day MapMyFitness hosted a global challenge to find the fittest cities.


The Battle of the Cities contest encouraged users worldwide to log workouts for city points. The winners were chosen based on the percentage of increased activity over the weekend compared to the last 30 days. Over 18,000 cities competed and the results are in...


Via Lauren Moss
Jim Gramata's insight:

Way to get fit Chicago. We take first place...where's the medal?

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Chicago Housing Market News Reports
Chicago real estate news. posts, trends and data from The Gramata Realty Group - Chicago with @properties
Curated by Jim Gramata
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Dalian Wanda’s joint venture luxury residential project in Chicago has sold US$200m since March

US$1 billion project, jointly developed with Magellan Development Group, is slated for completion in 2020
Jim Gramata's insight:

Magellan Sales have been keeping this information under cover here locally in Chicago but overseas news reports the Wanda Tower condo sales are at US$200 million in sales since March

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Ald. Burke Blocks Merger of Inspectors General for at Least a Month

Ald. Burke Blocks Merger of Inspectors General for at Least a Month | Chicago Housing Market News Reports | Scoop.it
Burke deployed a parliamentary manuever to derail eliminating the legislative inspector general.
Jim Gramata's insight:

Politics as usual in Chicago. Delaying inevitable inspector general to oversea our elected officials. 

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15 Mind-Blowing Statistics Reveal What Happens on the Internet in a Minute [Infographic]

15 Mind-Blowing Statistics Reveal What Happens on the Internet in a Minute [Infographic] | Chicago Housing Market News Reports | Scoop.it
Overwhelmed trying to keep up with the data tsunami? You aren't alone.

Via The Fish Firm
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Maricarmen Husson's curator insight, October 29, 2015 2:21 PM

Qué pasa en Internet en un minuto. Infografía

Luigi Cappel's curator insight, October 29, 2015 2:42 PM

Do you ever find yourself apologizing or feeling like you have to defend the business time you spend focused on  social media?

There are people who still think Twitter is there for people who want to tell each other that they just had a coffee and Facebook to show people your coffee with the cute milky swirl silver fern or love heart so that people can 'Like' it. You know them, they are the ones around the ever shrinking magazine rack at the book store.

3.2 Billion people must know a little better wouldn't you think? There is still a place for printed media. I enjoy reading a printed newspaper once a week or so, I really do. I enjoy  trade or special interest publications for business and leisure.

However, if I want to target a segment of people in a community, whether that is an interest or knowledge community or people who live in a particular town, work in a particular part of the city, are traveling to a particular concert or sporting match, or whatever level of demographic I want to target, I can't go past social media.

The funny thing is the people who criticize social media as a business or communications tool sometimes make me feel I have to defend my marketing spend, when it is such a small fraction of what it costs to advertise in other media such as print or broadcast in terms of reach.

I have a particular type of marketing need, it is very time based, its half life is measured in minutes, not days or weeks. Social media works for that and I am hardly touching the surface of its capability. This Infographic makes really interesting reading. Have another look and remind yourself, this is only over a period of 1 minute! Do some testing and see what sort of comparative reach or CPC you can get. Starting with free which is pretty good value, right. OK you still have to pay someone to create and publish it, but I used to pay $2-4,000 for a full page ad in a magazine and I still had to pay staff or agents to create copy, source or create graphics, creative for the ad, proofing and more. Plus I couldn't measure reach or engagement beyond the claims of the publisher.

Do you tell your stories or share information via social media? Do you have critics? How do you show them the value?

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Bucktown median sales price for resale single-family home sales comparison

Bucktown median sales price for resale single-family home sales comparison | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Take a look at this side by side comparison of single-family median housing prices for the past three years comparing all of West Town (Bucktown & Wicker Park) to South Bucktown (North Avenue to Armitage) and then to North Bucktown (Armitage to Fullerton). 


Clearly the median pricing is highest in the south Bucktown area and is rising the most exponentially.  Homes in the north section of Bucktown (north of Armitage) are selling for less and not appreciating as much as homes to the south. 

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Chicago Homeowners Overvalue Homes by 2.39% over Appraisers in 2015

Jim Gramata's insight:

The market is slowing in some areas and many homeowners feel the quick acceleration seen in 2013 and 2014 will continue and that is not the case on average in our area. 

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Lincoln Park Median Market Time Climbing for Detached SF Resale Homes

Lincoln Park Median Market Time Climbing for Detached SF Resale Homes | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Median market times climbing above 60 days once again in Lincoln Park for resale detached single family homes. 

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Median Sales Price for Chicago Homes up 11.7%

Median Sales Price for Chicago Homes up 11.7% | Chicago Housing Market News Reports | Scoop.it
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Jim Gramata's curator insight, September 2, 2015 12:44 PM

The detached single family home market in CHicago is continuing its upward climb as median home prices jump over 11% year over year. Check out this interactive graph going back three years

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No one's smiling about Chicago's 'amusement tax' - Chicago Tribune

No one's smiling about Chicago's 'amusement tax' - Chicago Tribune | Chicago Housing Market News Reports | Scoop.it
Chicago residents who subscribe to streaming services like Netflix, Hulu and Spotify are bracing for bill hikes this month, thanks to what some city officials are euphemistically calling an "amusement tax." But clearly Chicagoans are not amused...
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Market Slowing? Months Supply of New Home Sales in Lincoln Park Going Up

Market Slowing? Months Supply of New Home Sales in Lincoln Park Going Up | Chicago Housing Market News Reports | Scoop.it
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Jim Gramata's curator insight, August 18, 2015 4:44 PM

If no new construction single family homes in Lincoln Park were to come on the market it would take over 10 months at the current rate of sales for the market to absorb the current supply of housing. That is up from a low of 5.8 months last year in September (2014) and at a level we have not seen since Sept 2012 when it hit 10.2 months. That 10.1 month absorption rate is up 21.1% from last year. 


While new construction is still the king of the market in terms of buyer demand that rate of sales is slowing and the question is why. It is consistent with my luxury market sales and rising market times for both new and resale luxury residences. 


They're taking longer to sell contrary to media articles that seem to come out almost daily. 

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New to the Market: Luxury Living @ 450 E Waterside, Unit 1702 $1.55M

New to the Market: Luxury Living @ 450 E Waterside, Unit 1702 $1.55M | Chicago Housing Market News Reports | Scoop.it

We welcome you to our premiere luxury residence at the world-class Chandler in Chicagos Lakeshore East neighborhood. Endless and unobstructed north, south and east views await in this 3 bedroom 2 -1/2 bath home. This residence provides refined, elegant and timeless finishes throughout. Turn the key and move right in with no stress or hassles of updates or improvements for years to come.


Jim Gramata's insight:
Come experience The Chandler and one of the nicest and best appointed homes in Chicago. 
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Michigan Avenue building sells for big gain

Michigan Avenue building sells for big gain | Chicago Housing Market News Reports | Scoop.it
The resurgence of the stretch south of the Chicago River benefited a Northbrook landlord, with a four-story property fetching 72 percent more than its 2007 price.
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Useful Investment Guide » Simple Tips And Tricks To Help You In The Real Estate Market

Useful Investment Guide » Simple Tips And Tricks To Help You In The Real Estate Market | Chicago Housing Market News Reports | Scoop.it
Simple Tips And Tricks To Help You In The Real Estate Market - http://t.co/7NrdPoxTkR
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Billionaire Says Real Estate is Best Investment Possible

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated: "I still think, from an individual perspective, the best deal investment you...
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Lakeview, Bucktown among Chicago teardown leaders - Residential News - Crain's Chicago Business

Lakeview, Bucktown among Chicago teardown leaders - Residential News - Crain's Chicago Business | Chicago Housing Market News Reports | Scoop.it
http://www.chicagobusiness.com/realestate/20160119/CRED0701/160119854/lakeview-leads-city-in-teardowns Lakeview leads city in teardowns Photo by Cook County Assessor (left); AK Custom Homes (right) Th...
Jim Gramata's insight:

Teardown's were strong in Lakeview and Roscoe Village since that is primarily where the old stock inventory exists. Builders are having a much more difficult time in areas like Lincoln Park to find those gems. They are going to property owners of larger lot sized properties and overpaying for them because their numbers work on their proformas although some I've seen lately are questionable. 


As we head into a shaky 2016 how many of these builders will learn from the past and over extend? Tread cautiously. The waters are stirring up and the boats could capsize pretty quickly once again depending on which direction we head. 

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Chicago neighborhoods' property tax bills that will jump most - Residential News - Crain's Chicago Business

Chicago neighborhoods' property tax bills that will jump most - Residential News - Crain's Chicago Business | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

While proponents of the tax hike have been downplaying the impact the rise will have on homeowners this report issued by Crain's CHicago Business shows the reality is clearly going on the shoulders of many near north residents. 

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Bucktown vs Wicker Park Single-family Home Sales Trends

Bucktown vs Wicker Park Single-family Home Sales Trends | Chicago Housing Market News Reports | Scoop.it

Here is an interactive chart of the last 5 years for median sales prices for detached single family homes comparing Bucktown to Wicker Park (4 beds or larg

Jim Gramata's insight:

"I've heard it before from clients: "I should have bought back in 2012."


True but if you don't buy soon you'll be saying.


"I should have bought back in 2015 when rates were low and prices were still reasonable in Bucktown and Wicker Park"


Here is an interactive chart of the last 5 years showing median sales prices for detached single family homes comparing Bucktown to Wicker Park  

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New Construction $2M SFH Open House in Roscoe Village & Bell School - Gramata Realty Group

New Construction $2M SFH Open House in Roscoe Village & Bell School  - Gramata Realty Group | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Join me on Sunday to preview this stunning new construction single family home on an extra wide lot in the Bell School district of Roscoe Village/ North Center. 

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No liftoff: Federal Reserve leaves rates near 0% - Sep. 17, 2015

No liftoff: Federal Reserve leaves rates near 0% - Sep. 17, 2015 | Chicago Housing Market News Reports | Scoop.it
Federal Reserve interest rate decision September
Jim Gramata's insight:

Next time we will see the bump up. US and global economy not strong so lets see what happens in Q4. 

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Resale Market Beginning to Recover from Peak Sales in Dec 2013

Resale Market Beginning to Recover from Peak Sales in Dec 2013 | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

The resale market has been hit hard by the new construction market as we see in many neighborhoods across the city the resurgence of new construction homes dominating the market. 


Across Chicago, the resale recovery hit its peak sales month in December 2013 with over 10,000 resale units sold that month. In January 2014 it hit the most recent nadir of closed resales at 9442 units. However as the graph indicates sales are beginning to rebound but are still well below the peak 10,332 units in Dec '13. 


This is still a massive improvement from the worst of the worst nadir for total number of closed resale homes in August 2008 where only 5,649 homes closed. 

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Jim Gramata's curator insight, September 2, 2015 1:40 PM

The resale market has been hit hard by the new construction market as we see in many neighborhoods across the city the resurgence of new construction homes dominating the market. 


Across Chicago, the resale recovery hit its peak sales month in December 2013 with over 10,000 resale units sold that month. In January 2014 it hit the most recent nadir of closed resales at 9442 units. However as the graph indicates sales are beginning to rebound but are still well below the peak 10,332 units in Dec '13. 


This is still a massive improvement from the worst of the worst nadir for total number of closed resale homes in August 2008 where only 5,649 homes closed. 

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Average New Construction Home Prices in Chicago Tops $1M

Average New Construction Home Prices in Chicago Tops $1M | Chicago Housing Market News Reports | Scoop.it
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Jim Gramata's curator insight, September 2, 2015 1:20 PM

A year ago the average price of a single family home in Chicago (all areas) was $978,814 but today that number is up over 11% with the average new construction single family home in Chicago costing $1.075,917. 


Median home sale pricing was up over 16% to $835,000 from $725,400 median pricing just one year ago. 


The new home sales across the city are dominating the sales activity and in many cases causing resale homes to suffer. The 'older' homes (some built as recently as 2009) are losing out to new construction because they are not outfitted with the newest features and finishes and design layout preferred by the new picky home buyers in the market. 

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One reason Chicagoans may not like higher home values

One reason Chicagoans may not like higher home values | Chicago Housing Market News Reports | Scoop.it
Not only is a hike in the property tax rate expected as Chicago tries to solve its pension crisis, but median assessments are rising. Advice from officials and agents? Appeal.
Jim Gramata's insight:

How to make up for 10 plus years of negligence and poor government representation? Stick it to the homeowners in one massive tax adjustment. 



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Median Sales Price for Chicago and more

Median Sales Price for Chicago and more | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:
Chicago single-family home prices continue to climb in the city of Chicago up 11.1% in the past 12 months.
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CMK pays $33 million for riverside land in South Loop

CMK pays $33 million for riverside land in South Loop | Chicago Housing Market News Reports | Scoop.it
The developer's not talking about its plans, but two sites could accommodate thousands of residential units, transforming an area only now beginning to take shape as a neighborhood.
Jim Gramata's insight:
I called this the $40 million dog park because that's what the current owners used it for since they bought it 4-5 years ago. Glad to see CMK is moving it forward. It seems prime.
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With $1 Billion Invested And $100 Entry Points, Real Estate Crowdfunding Grows Up

With $1 Billion Invested And $100 Entry Points, Real Estate Crowdfunding Grows Up | Chicago Housing Market News Reports | Scoop.it
Real estate crowdfunding is proving to be much more than a fad.
Jim Gramata's insight:
This new investment platform has huge potential now that SEC has opened the door
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A. Perry Homes's curator insight, June 26, 2015 7:20 PM

With the development of capabilities on the web, it's not surprising that crowdfunding real estate is taking off. 

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Green Building Efficiency and Design Approval | Sustainable Cities Collective

Green Building Efficiency and Design Approval | Sustainable Cities Collective | Chicago Housing Market News Reports | Scoop.it
A world leader in sustainable innovation, Phipps Conservatory and Botanical Gardens has achieved the Living Building Challenge for its Center for Sustainable Landscapes, a facility that houses groundbreaking sustainability research and science...
Jim Gramata's insight:

The Living Building Challenge is one of the most rigorous standards today. This is an amazing accomplishment for Phipps Conservatory.

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