Real Estate Trends - Chicago Neighborhoods Of: Wicker Park, Bucktown, Noble Square and Ukrainian Village

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Services for Real Estate Pros with Zillow

I wanted to shed some light on real estate trends in the neighborhoods surrounding where I live of Bucktown, Wicker Park, Ukrainian Village and Noble Square.  It is easy to get caught up in the real estate news du jour, but let's step back and see how these neighborhoods have performed over broader periods of time. 

First, the valuations over the last 10 years.  This chart really highlights why real estate typically isn't a short term investment. In fact, if you bought 10 years ago, values are still above 2001 pricing.


Noble Square Zillow Home Value Index

Now the 5 year valuation overlook.  This is the one that's a bit scary.  But the trends aren't too different than what happened all over the country, unfortunately. 


Noble Square Zillow Home Value Index

Finally the 1 year overview.  It is nice to see things begin to level off, especially in the Noble Square and Wicker Park neighborhoods. 


Noble Square Zillow Home Value Index

If you'd like to see more charts, please visit this Local Info tab on Zillow.  Or visit this link if you'd like to learn how to embed local charts in your blog. 

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Topic:
ActiveRain Community
Location:
Illinois Cook County Chicago Wicker Park
Groups:
Windy City Real Estate
Chicago Area Real Estate BUZZ!
Zillow Discussion Group
Chicago-Northern Illinois Real Estate
Chicago Loan Officers
Tags:
chicago
market trends
real estate
bucktown
noble square
wick park
ukrainian village

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Anonymous
Eric Marcus

I always think the way you described it the best way to look at these charts.  Compare where we are to where we were 5 years ago and 10 years ago and then look at the trend in the current year chart without looking too closely at the actual $$. 

Eric Marcus http://www.esmrealty.com

Oct 28, 2010 07:34 AM #1
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Sara Bonert

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