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CHICAGO BIG-CITY OUTLOOK - Some Optimism!
Given the vast geography of the Chicago Area - City and Suburbs - it's quite hard to generalize as to how the Real Estate Market here will turn in 2013. Some Chicago Neighborhoods are undergoing quite a resurgence, with many Homes and Condos selling in Multiple Offers, quickly after coming to market. Other areas continue sluggish, as a great number of distressed, underwater, or bank-owned properties predominate.
Here's a sampling of some of the transactions our Team has been involved in, since the start of the year -
1. Small 2 Bedroom Condo in Northwest Suburb of Palatine IL - UNDER CONTRACT in 6 Days, Multiple Offers, 107.8% of Asking Price (Short Sale Property)
2. Large 3 Bedroom Chicago-Style Bungalow in the Chicago Northwest Side Neighborhood of Norwood Park - UNDER CONTRACT in 5 Days, Multiple Offers, 97.7% of Asking Price (Conventionally-Sold Property)
3. Executive-Styled 4 Bedroom Townhome in the Chicago Northwest Side Neighborhood of Jefferson Park - UNDER CONTRACT in 14 Days, Seven Offers, 99.0% of Asking Price (Short Sale Property)
4. Large 1 Bedroom Condo in the Chicago North Side Neighborhood of West Ridge - UNDER CONTRACT in 3 Days, Multiple Offers, 100.9% of Asking Price (Conventionally-Sold Property)
At ... more

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