chicago: Seasonal Adjustment or Market Shift in Lincoln Park Chicago? - 10/21/15 03:38 AM

What is causing the housing slow down in the Lincoln Park real estate market and the Sheffield Neighborhood in particular? 
Quite surprisingly only three condos went under contract in September in our Sheffield neighborhood of Lincoln Park with an actual market times of 229 days, 92 days and 128 days or an average of 150 days. That is a significant slow down in the condo market in our area. The listing prices ranges from $400,000 to a high of $458,000 in this months activity. Only two single family homes went under contract in September listed at $1.2M and $1.65M with market times in the 44 and 45 day period. … (0 comments)

chicago: Hey Lincoln Park!! SHOUT OUT what is important to you in this poll! - 10/06/15 12:37 AM
  I am working on organizing some neighborhood-centric improvements  for the Sheffield Neighborhood in Chicago, Illinois and wanted to get your opinions by taking this informal neighbor poll.  Residents only please!
Which community topics do you feel are important to have a conversation around in terms of improving our Sheffield Neighborhood in Lincoln Park? There is room to add more!
There are many ways to implement these changes but the general idea is from the bottom up (citizens and community members) not politicians & bureaucracy (top down).  Making place by expressing our own unique Sheffield Neighbors and Lincoln Park voice and vision. 
All answers are … (0 comments)

chicago: Do you own a townhome in Lincoln Park? Good news! - 10/02/15 06:14 AM
Check out the trends for absorption rates of townhomes in the Sheffield neighborhood versus all of Lincoln Park in this graph. For more details visit our SheffieldNeighbors.com website here. 
 
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chicago: World's SMALLEST Block Party in Sheffield Neighborhood of Lincoln Park - 09/17/15 02:31 AM
Come join my neighbors at St Teresa this weekend for a humorously self-titled world's smallest block party which is no doubt reflecting the much more popular and widely attended block party at Old St Pats labeled as the "World's Largest Block Party". Or perhaps the very large Sheffield Garden Walk Block Party is their target for humor but regardless I love it. 
Saturday, September 19th, 2015
11AM to 9 PM
Corner of Armitage Ave. and Seminary Ave.
 
Small is good by me especially in my own backyard. Another Sheffield Neighborhood year end block party. 
Lots to do there for kids and couples with families as well … (0 comments)

chicago: Sheffield Neighborhood Single-family Home MARKET REPORT - 09/17/15 02:20 AM
Six single-family homes went under contract in August in our Sheffield neighborhood of Lincoln Park with an average market time of 118 days. The listing prices ranges from $535,000 to as high as $3,995,000 with an average list price of $1,623,000. 
Absorption Rate: 
With 25 current active single-family homes on the market in the Sheffield Neighborhood that translates to a 4.16 month absorption rate which means if no new single-family homes came on the market it would take 4.16 months at the current rate of sales activity to absorb the current supply of housing which favors sellers. 
It is a sellers single-family homes market in our Sheffield Neighborhood!
 
 
For a complete … (0 comments)

chicago: Sheffield Neighborhood August 2015 MARKET REPORT - 09/17/15 01:58 AM
Eight condos went under contract in August in our Sheffield neighborhood of Lincoln Park with an average market time of 29 days when you take the Bissell condo out of the mix which was the market outlier at 296 days. The listing prices ranges from $349,900 to as high as $799,000 with an average list price of $511,725. 
Absorption Rate: 
With 37 current active condos on the market in the Sheffield Neighborhood (all bedrooms and excluding town homes) that translates to a 4.6 month absorption rate which means if no new condos came on the market it would take 4.6 months at the current rate of sales to absorb the … (0 comments)

chicago: Luxury Lincoln Park Living Home: 960 W Montana - 06/30/10 07:38 AM
We sold the last one in 24 days!! Here is our next Lincoln Park Luxury Home being offered for sale in Chicago. Welcome home to this luxurious recently renovated single-family home on the tree-lined Montana Street just east of Sheffield and north of Fullerton in Chicago’s desirable Lincoln Park DePaul neighborhood. This residence offers three large upper-level bedrooms and three full baths with an additional main level powder room.  The residence offers a nice blend of modern and vintage detailing including the large formal front living room with wood burning fireplace, mantle and full height crown moulding and baseboard. There is also a … (0 comments)

chicago: Dog-Friendly Chicago Condo at Tower Loft For Sale - 06/30/10 06:46 AM
 
Welcome to affordable living in Lakeview !
LakeviewChicagoCondos.com

This bright, sunny rarely available corner-unit condo with stunning panoramic views of the city skyline, surrounding neighborhoods, Wrigley Field and Lake Michigan. This split 3 bedroom 2 bath condo includes soaring 14 foot ceilings in the open and sunny living/dining room with hardwood floors and private balcony. This home also includes an updated kitchen with granite counters and stainless appliances. In addition to the large master suite with walk-through organized closet and whirlpool tub this condo features a full size in-unit washer and dryer. Included in the price is an indoor … (0 comments)

chicago: Lincoln Park Chicago 2BR Condo in Ranch Triangle District: 849 W Willow #1 - 03/19/10 04:49 AM
This absolutely spectacular two bedroom, one bath residence ground level condo boasts large combination living and dining room with value and location! This heart of ranch triangle Lincoln Park home looks out over landscaped garden & terrace oasis.
Tall ceilings & built in cabinets. Large open living & dining room with bonus office area. Newer bath. Hardwood floors and wood-burning fireplace. In-unit front load washer and dryer. Easy permit street parking. Red/Brown/Purple trains. Restaurants and shopping at Halsted, Armitage & Clybourn!
This is a DogPads.net Dog-friendly residence!
Listen to Warren Buffett’s wisdom: “Don’t wait for the robins or spring will be … (0 comments)

chicago: Logan Square Super Bowl Weekend Condo Kickoff 2/6 from 11a-1p - 01/31/10 03:39 AM
 
Come to visit on your own or bring your real estate agent to see these brand new construction condominiums in the dynamic and affordable Logan Square neighborhood of Chicago. Saturday February 6th, 2010 from 11am to 1 pm or by appointment. '
We have immediate delivery condos and 60 day "build to suit" homes available in the Logan Station Phase II development just off of Logan Blvd in Logan Square. A huge improvement over Phase 1 if you've been there. Have you seen the activity and movement of your buyer clients pushing towards Logan Square? Why? More bang for your … (0 comments)

chicago: Luxury Lincoln Park Townhome - 12/15/09 06:10 AM
First time on the market since it was built in 1995, this absolutely spectacular three bedroom, three bath residence end unit townhome that shows and lives like a single-family home. These are the original owners and will be the first time since then this home is available. Take advantage of this opportunity and this wonderful and warm four level home. Walk down the quiet tree-lined residential Seminary Street heading south one-half block and you are at Adams Park. A few short steps to Armitage and head east one-half a block and you are in the heart of Lincoln Park retail shopping, … (0 comments)

chicago: Dog-friendly West Loop Chicago Condo: 1BR plus Den and Party Room AND DOG RUN!!! - 09/26/09 02:16 AM


Welcome to affordable living in the West Loop !

Absolutely stunning new construction residence in Chicago’s West Loop neighborhood. Retail at street level and restaurants, nightlife, shopping, coffee shops, bars, theaters, expressway and more all nearby. “Very Walkable” Walk Score of 89/100. Visit www.WestLoopChicagoCondos.com 

Bright, contemporary and open west facing residence  with soaring 10-foot ceilings and floor to ceiling windows. Large functional kitchen with eat-in island and large open living area with adjoining dining area for guests with adjoining powder room. In addition, this residence comes with an office/den with floor to ceiling windows and full west exposure with … (1 comments)

chicago: East Lakeview Featured Chicago Condo 60657 - 04/23/09 09:25 AM
Welcome to affordable living in East Lakeview Chicago and Our Featured Lakeview Dog-friendly Chicago Condo ! Absolutely stunning recently renovated 2BR condo just off of Broadway in East Lakeview at 634 W Roscoe 3S. LOCATION LOCATION LOCATION, CONDITION CONDITION CONDITION, PRICE PRICE PRICE. It's got it all. Great starter residence with an unbeatable location at this price. A Walkers’ Paradise Walk Score of 95/100. Renovated in 2001 with newer kitchen with granite countertops and a outdoor deck for summer fun. In-unit laundry and extra storage too. Clean and move-in condition. A true must see. Permit street parking a breeze or I … (0 comments)

chicago: Lakeivew Multi-unit Featured Multi-unit Home For Sale - 02/11/09 09:50 AM

Lakeview's Southport Avenue Multi-unit Residence for Sale
This two-unit property Lakeview two-flat sits on a full size lot (24x125) in an RS3 zoning district on Chicago’s north side. The property is located at 3119 North Southport in the Lakeview neighborhood between Belmont Avenue (3200N) and Wellington (3000N) just south of Chicago’s popular destination Southport Corridor.Property improvements include a two and one-half story frame two-unit residence with 2 car garage. The first floor unit includes a 2 bedroom plus office and one bathroom. The sunny bright unit includes in-unit washer and dryer and is currently leased until October, 2009 with a … (0 comments)

chicago: Logan Square Featured Condo For Sale "on the boulevard" - 02/11/09 09:44 AM

 
Welcome to our featured condo for sale just a block off of Logan Square!Absolutely stunning recently renovated vintage 2BR plus flex room condo in Logan Square ‘on the boulevard’ at 2443 N Kedzie Blvd. Large front living room, sitting area and ‘flex room’ with piano (pics) with extra wide entry foyer. New granite countertops with large deck for summer fun. Large bedrooms and ample closet storage. Dog Friendly condo approved by DogPads.net!Clean and move-in condition. A true must see. Secure parking space included in this price. Low taxes and assessments are only $225 per month.Visit www.logansquarechicagocondos.com for more information, … (0 comments)

chicago: Bucktown Chicago Condos Featured Property - 02/11/09 09:19 AM

Welcome to affordable living in Bucktown !Absolutely stunning recently renovated vintage 2BR condo just off of Armitage and west of Damen in Bucktown at 2013 N Leavitt. Great starter residence with an unbeatable location at this price. A Walkers’ Paradise Walk Score of 88/100. Eat-in kitchen with granite countertops and a outdoor deck for summer fun. In-unit laundry and extra storage too. Clean and move-in condition. A true must see. Street parking a breeze. Low taxes and assessments are only $181 per month.Visit www.bucktownchicagocondos.com for more information about this featured Chicago property
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chicago: Lakeview (Chicago) Condos & Townhomes Chicago Home Buzz - 01/24/09 02:55 AM
Total condos and townhomes units sold in Chicago's Lakeview neighborhood were down 37% with245 units sold in the fourth quarter, 2008 compared with 391 units sold in the fourth quarter, 2007. The median sales prices were down 9% to $315.000 from $347,000 in 2007 4Q and the average condo and townhome prices were down 36% in 2008 to $241,592 compared with $376,131 in 2007. Average market time was up 9% to 104 days.  Listen to the local professionals and look at the real numbers when trying to make sense of today's real estate market and your local micro-real estate economy. Even these numbers cannot be read on face value. Drill downs are required!For more information and a Chicago Home … (1 comments)

chicago: Lincoln Park Chicago Condo & Townhome Buzz 4Q 2008 - 01/24/09 02:42 AM
Total condos and townhomes units sold in Chicago's Lincoln Park neighborhood were down 41%  with 128 units sold in the fourth quarter compared with 218 units sold in 2007 (4Q). The median sales prices were slightly down 1% to $427,100 (from $432,500 in 2007 4Q) and the average condo and townhome prices were down 7% in 2008 to $443,146 compared with $478,738 in 2007. Average market time was up 10% to 115 days.  Listen to the local professionals and look at the real numbers when trying to make sense and have an understanding of your local real estate economy. Even these numbers cannot be read on face value. Drill downs are required! For more information and a Chicago … (0 comments)

chicago: Buyer Urgency: How Do You Create It? - 10/28/08 07:40 AM
I try and give my clients a balanced view of the market and really dedicate myself to advising them on what is best for them, not what will lead to the quickest sale for me. Sometimes I find myslelf saying, "You will just have to trust that my best intentions are to give you the actual (not inferred) professional information so you can make an informed decision about buying (or selling or whatever)". They usually say "We can tell (or we know) what kind of person you are and we do trust your opinion".
Here is an email I sent recently … (5 comments)

chicago: Old Town (Chicago) Market Report Fall, 2008 - 10/28/08 04:52 AM
Market Snapshot of the Old Town neighborhood in Chicago for condos market activity for Fall Quarter, 2008 The total number of Old Town , Chicago condos sold for the third quarter, 2008 was 614 units compared with 846 units in 2007 down 27% from the previous year and down 10% since 2003. The median sales prices of Old Town (Chicago) condos for the same quarter was $397,000 compared with $377,000 in 2007 up 5% from the previous year and up 23% since 2003. The average sales price of Old Town (Chicago) condos for the same quarter was $540,821 compared with $526,148 in … (0 comments)

 
Jim Gramata, GREEN sales brokerage and construction guru (The Gramata Realty Group @properties)

Jim Gramata

GREEN sales brokerage and construction guru

Chicago, IL

More about me…

The Gramata Realty Group @properties

Address: 548 W Webster Avenue, Chicago, IL, 60614

Office: 773-270-2474

Real estate news, market information, podcasts, movies, featured property listings, trends and statistics for buyers, sellers, developers and investors in the Chicago area. Virtually all the news that's fit to post.


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