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Archive for March, 2006

Brand new mid-rise planned for Lincoln Park. Locat…

In General Real Estate Info. on 03/20/2006 at 5:42 pm

Brand new mid-rise planned for Lincoln Park. Located just off Halsted and the Weed street area.
1 Bedrooms starting at $274,900 and 2 bedrooms starting at $439,000. To be ready in mid 2008, More info soon….

In 2004 the average price of a home in Chicago was…

In General Real Estate Info. on 03/07/2006 at 5:32 am

In 2004 the average price of a home in Chicago was $259,000 in 2005 a 14% increase to $296,000

Other markets that had huge increases between ‘04-’05
Cincinnati- 28%
Indianapolis- 31%
Los Angeles- 19%- $539,000 average price
Milwaukee- 24%- $251,000 ave.
Phoenix- 41%!!
San Fran- 19%- $679,000 ave.
Washington DC- 20% $479,000 ave.

Taken from the March 5th Sunday Trib "Sellers Who…

In General Real Estate Info. on 03/07/2006 at 3:12 am

Taken from the March 5th Sunday Trib

“Sellers Who Skip Brokers may be losing their Edge”
This is the case of the missing 10%. Its a tale of lost millions, and it stars a cast of thousands-the thousands of owners who sell their houses without professional help.
It seems that in their desire to save the 5-7% fee that agents charge for their services, FSBOs-as in for sale by owners get 16% less than owners of comparable houses who put the transaction into the hands of an experienced agnet, according to a survery by the national association of realtors.