A Boost in Q1 Downtown Condo Sales

(Crain’s) — More price-cutting spurred sales of downtown condominiums in the first quarter, helping developers chip away at a mountain of unsold units built during the bubble.

Downtown builders sold 256 condos and townhomes in the first three months of the year, up from 148 in the fourth quarter and 55 in the year-earlier period, according to Appraisal Research Counselors, a Chicago-based real estate consulting firm.

Read entire article here:  http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=38255#comments

Listings, Listings, Listings

Got a buyer – I’ve got the listing -

Old Town:  1506 N. Sedgwick 1N

3 Bed, 3 Bath + Den – Attached Garage Included

Built 2005 – 2400 sq ft + outdoor space.  Cherry kitchen, s/s apps, granite counter.  Soaring ceilings and walk to everything in Old Town.

$574,900

Photos: http://tours2.vht.com/API/T1165423/nobranding

Gold Coast: 57 E. Delaware #3801

1 Bed, 1 Bath designer finishes

Custom beam ceiling

Tasteful built-ins

Full amenity concierge building

$499,000

Photos:  http://tours6.vht.com/BWI/T1219271/nobranding

Buena Park: 4051 N. Sheridan Penthouse   – FHA Approved

2 Bed, 2 Bath + Den and Parking included

4 Blocks north of Wrigley Field

NOT ON THE L

319,000

Photos: http://tours6.vht.com/BWI/T1219272/nobranding  

Roscoe Village: 1800 W. Roscoe #234 (Pencil Factory Lofts)            - FHA Approved  

NOT ON THE L Side!!!!

2 Bed, 2 Bath Loft  

Exposed Brick huge windows updated kitchen

Separate dining room

Miles of closets

Garage included

$389,000

Photos:  http://tours6.vht.com/API/T1222584/nobranding

Lakeview: 336 W. Wellington #604

1 Bed, 1 Bath impeccably maintained, yet dated finishes

Fantastic closets and rental parking at the building

24/7 Doorstaff

Park, Lake and Mansion views

$139,000

Photos: http://tours6.vht.com/BWI/T1217628/nobranding

Lakeview: 336 W. Wellington #403

Studio unit with a  wall of south facing windows

Walk in closet

Updated separate kitchen

Walk to Park, Lake, Mass transit

Doorman building

Easy to show

Photos:  http://tours2.vht.com/BWI/T1205260/nobranding

Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions

Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®.

Existing-home sales¹, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1 percent above the 4.61 million-unit level in March 2009.

Read the entire article here: http://www.realtor.org/press_room/news_releases/2010/04/ehs_favorable

” Here we go . . . “

I’ve done it – FINALLY, this is wicked overdue and long pondered execution of my Real Estate BLOG.   Perhaps a bit verbose at times, but in some small way a contribution – and if nothing more an outlet for ideas, best practices and all things fabulous and concerning in the world of Real Estate.

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