little italy: Fast & Slow Sales in University Village: Neighborhood Update - 11/30/17 03:21 PM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
A few quick sales have practically demolished the little bit of inventory this market had. The homes that closed in the $400-500k range were new construction. Those that remain on the market are resale and have been listed for over 3 months. Even in the same price range it seems that resale homes and new construction might be in different markets. December tends to be a slow month in real estate. These sellers can try more aggressive strategies to attract a buyer, but they should be prepared for a dip in activity. The median sales price … (0 comments)

little italy: New Construction Helps University Village: Neighborhood Update - 10/08/17 10:15 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
Like last month condos are taking about 3 months to sell. They are selling for 98.6% of asking price. So, sellers are pricing their homes pretty close to market value. The neighborhood is still in a seller's market, but most homes are taking just a little bit of time to sell. The median sales price for condos in University Village was $312,750.
 
Price Range: $400,000-$800,000 

University Village/Little Italy
Housing Type: Townhome
A lot of the townhomes are new construction and many of those have long market times. Resale homes are still selling in a matter of months, … (0 comments)

little italy: Seller's Market Continues in University Village: Neighborhood Update - 09/08/17 11:04 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
As we saw in our last report market times are continuing to increase a bit. Currently the average market time for homes that are under contract is 131 days and for those that are available, it is 122 days. However, inventory levels remain super low at less than 3 months in each price range. Unless there is a rush of new listings the seller's market will likely continue through the year. 
 
Price Range: $400,000-$800,000 
University Village/Little Italy
Housing Type: Townhome
Half of the townhomes that are under contract are new construction. Even with that the seller's … (2 comments)

little italy: Competition for University Village Houses: Neighborhood Update - 05/08/17 02:26 PM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
More homes came to the market than sold, since last month, but with average market times of only 45 days it looks like sellers will continue to enjoy fast sales. Overall the average market time of the condos that are under contract is 81 days, but about 60% of those homes have a market time of under 35 days. The median sales price for University Village condos was $315,000
 
Price Range: $400,000-$800,000 
 
 
University Village/Little Italy
Housing Type: Townhome
The townhome market picked up slightly with a few more homes going under contract than coming to thte market, … (0 comments)

little italy: It's Time to Sell in University Village: Neighborhood Update - 03/31/17 08:27 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
There hasn't been a lot of movement among the condos over the past month. The average market times remain low at 85 days for active listings and 89 for those under contract. There continues to be more buyers than sellers in this neighborhood. Sellers are going to enjoy this spring. Even if they get a little competition this neighborhood will likely remain in a seller's market for the year. 
 
Price Range: $400,000-$800,000 
University Village/Little Italy
Housing Type: Townhome
The townhomes also have not seen a lot of movement in the past month. The most activity is … (0 comments)

little italy: Sellers Will Love Spring in University Village: Neighborhood Update - 02/24/17 03:08 PM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
Only a few condos have come to the market since last month. Market times are still pretty low with an overall market time of 118 days for closed condos and 88 days for those under contract. This is keeping the month's supply of inventory very low too. It will be a great spring for sellers, as there are plenty of buyers looking in this neighborhood. The median sales price for condos was $372,675.
 
Price Range: $400,000-$800,000 

 
University Village/Little Italy
Housing Type: Townhome
More townhomes came to the market in these price ranges, but there is still … (0 comments)

little italy: University Village Neighborhood Update: Year in Review 2016-2017 - 01/24/17 11:21 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
Two homes went under contract last month, but that was the only activity among these condos. Over the past year, these homes have been deep in a seller's market. Currently, the month's supply of inventory is only a hair longer than it has been all year. We don't foresee this market drastically changing in the near future. This is good for sellers, they won't have to worry about having a lot of competition. Buyers will need to be prepared to write an offer as soon as they walk into a property, … (0 comments)

little italy: University Village Homes Selling Fast: Neighborhood Update - 12/19/16 01:42 PM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
There were more closings than expected last month. One home closed for over list price, which moved it up to the $400-500k range. The list price was $395,000 + $25k for parking. If you include parking then the sellers were always asking over $400k for the home, it just didn't register as such on the MLS. In the end the home sold for $410,000. So it was over list price for the home, but if the closing price includes the parking then the buyers saved $10k over asking. The median sales price … (0 comments)

little italy: New Construction Helps University Village Supply: Neighborhood Update - 11/21/16 03:45 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
A new development at 1418 W Fillmore has just made available a few listings. It's a 3 story building with 6 units. Currently, 3 of the units are available at prices ranging from $439,9000-669,900. Two of the condos are 3b/2ba and the largest is 4b/3ba. Not much else has changed since last month. The average market time for the active properties is 63 days and for those under contract it is 119. The median sales price for condos was $282,750.
 
Price Range: $400,000-$800,000 
 
University Village/Little Italy
Housing Type: Townhome
Again, there haven't been many changes among … (2 comments)

little italy: University Village Market Slowing Down: Neighborhood Update - 10/24/16 05:31 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
There haven't been many changes from last month. There was one quick sale in the $400-500k range, but the one that is under contract has a market time of 122 days. Sellers can still expect their listing to take a few months. A seller who can't wait that long can take measures towards a fast sale by pricing the home at or just below value and taking care to stage and market the home carefully. The median sales price for condos was $330,000.
 
Price Range: $400,000-$800,000 

 
University Village/Little Italy
Housing Type: Townhome
We saw some quick … (0 comments)

little italy: University Village Seeing Longer Market Times: Neighborhood Update - 09/26/16 01:45 AM
Start your University Village/Little Italy home search here.
 
University Village/Little Italy
Housing Type: Condo
Last month we talked about how there was a spike in the month's supply of inventory for the $400-500 range and that it was due to a listing that took 592 days to sell. As predicted, since the last sale in that price range only took 7 days the month's supply of inventory has dropped. This is why it is very important to look at the big picture when learning about the market. With such low levels of inventory each sale is going to have a dramatic effect on the calculation … (0 comments)

little italy: Choices Among University Village Townhomes: Neighborhood Update - 08/26/16 08:34 AM
Start your University Village/Little Italy home search here.
 
University Village/Little Italy
Housing Type: Condo
Last month there had only been one condo sale and it took 592 days to sell. This month, again we only have one sale to look at, but this one only took a week! The month's supply of inventory shot up in the $400-500k range, but there is only one new listing. This is likely due to the incredibly long listing time of the sale from last month. Now that this month's sale took such little time we will probably see that number drop again next month. All-in-all inventory is still very … (3 comments)

little italy: Long Market Times in Seller's Market? University Village Market Update - 07/29/16 07:21 AM
Start your University Village/Little Italy home search here.
 
University Village/Little Italy
Housing Type: Condo
Inventory is still climbing slightly from last month. There was one closing with a market time of a whopping 592 days! The average market time for the available homes is only 91 days so far. Just one sale is not enough to easily determine how long it will take for the other listings to sell. It's hard to say why it took so long for this home to sell. The pictures make it look like it is in good condition, clean, and well appointed for the area. Looking at the listing … (2 comments)

little italy: University Village/Little Italy Need Sellers Neigborhood Market Update - 06/28/16 10:21 AM
Start your University Village/Little Italy home search here.
 *Allow me to let you in on a little industry secret. We have two ways of collecting these numbers for you. One is through a reporting program in the MLS called Infosparks. The other is by manually looking up the data in the MLS. Infosparks is great for a quick view of the market, however, if you want to dig deeper you need to go to the actual MLS, look up the data manually and you may find that the numbers don't quite match what you found on Infosparks. Infosparks is updated often, but not … (0 comments)

little italy: University Village/Little Italy, Chicago Neigborhood Market Update - 05/26/16 09:05 AM
Start your University Village/Little Italy home search here.
 
University Village/Little Italy
Housing Type: Condo
Activity in these price ranges is picking up since last month. The average market time for all of the closed sales may be just over two months, but two of them only show a market time of about two weeks! Those two were the last two to sell in a new building on Racine. They were both 3 bedroom Penthouse duplexes. The median sales price for condos in University Village/Little Italy was $321,000.
 
Price Range: $400,000-$800,000 

 
University Village/Little Italy
Housing Type: Townhome 
Inventory is continuing to pick up among the townhomes. This brings us closer to … (2 comments)

little italy: University Village/Little Italy, Chicago Neigborhood Market Update - 04/27/16 03:40 AM
Start your University Village/Little Italy home search here.
In this blog series we will focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available.
When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop only has condos) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let … (0 comments)

little italy: University Village/Little Italy, Chicago Neigborhood Market Update - 03/29/16 07:53 AM
Start your University Village/Little Italy home search here.
The most important element in getting your home sold in a timely fashion is pricing it correctly. When you set the right price, you'll be attracting buyers who are looking for exactly the type of home you're offering.
As a buyer or a seller it is vital to understand the specific marketplace you are in. Being a city of neighborhoods Chicago has a slew of different markets. We want to educate you on the different markets and give you the opportunity to watch a variety of them.
In this blog series we will focus on one … (0 comments)

little italy: Corner Unit Townhome with Views of Trees from Every Window - 11/11/13 05:05 AM
View current inventory of townhomes and condominiums in Chicago's University Village.
Listing Details 
Corner Unit Townhome with Views of Trees from Every Window
904 S College Pkwy, Chicago 60608
Original List Price: $629,000 MLS number: 08477793 Bedrooms: 4 Bathrooms: 3.1 Square Footage: 2500  
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Corner Unit Lives Like a Single Family Home
The open floorplan brings the outdoors in to this bright townhome. Three outdoor spaces include a patio and yard, balcony off of the kitchen, and a rooftop deck with a view of the Chicago Skyline.
(0 comments)

little italy: Loft Condo in the Heart of Chicago's University Village - 09/30/13 03:59 AM
View current inventory of condominium homes in Chicago's University Village.
Listing Details 
Concrete Loft Condominium with a Full Length Balcony in Chicago's University Village
811 W 15th #815, Chicago 60608 Price: $255,000 MLS number: 08452039  Bedrooms: 2 Bathrooms: 1 Square Footage: 1062  
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Clever Design Allows for versatility
With a pocket door dividing the bathroom the master bedroom can enjoy privacy through its direct access to the shower and a vanity, while the other vanity and the toilet can function as a half bath. A window in the … (0 comments)

little italy: 811 W 15th Pl., Unit 815 Chicago, IL 60608 - 03/07/13 07:55 AM
 
811 W 15th Pl. Unit 815
$235,000
University Village
This corner two bedroom condo offers a bright open living space for its residents. Located on the south east corner, this home has a covered balcony which spans the width of the living room and master bedroom.

The kitchen has stainless steel appliances, an island with seating, and plenty of counter space . It overlooks the living area and a wood burning fireplace.


The master bedroom has a walk-in closet and access to the bathroom, which is completed with a dividing pocket door to close off the tub/shower from the … (2 comments)

 
Terri Buseman, Downtown Chicago (RE/MAX Premier Properties)

Terri Buseman

Downtown Chicago

Chicago, IL

More about me…

RE/MAX Premier Properties

Address: 1205 N Dearborn, Chicago, IL, 60610

Mobile: (312) 208-5166

Email Me

This blog is about life in the city of Chicago and in particular of the South Loop. The blog will strive to become a valuable source of information regarding real estate, community news and family life in an urban setting.


Listings

Links

Archives

RSS 2.0 Feed for this blog