Thursday, March 10, 2011

Spring Spaces in the Pipeline

SPACES: Real Estate Usually Comes into its Own During the Spring Season
Made possible by Eva Bergant,



Could it be Spring?!

We've had our first taste of warmer weather, the birds seem to be arriving, and the Flower and Garden Show is at Navy Pier!   

In the spring we see the largest number of homes/condos on the market. Spring is about choices, and Real Estate, which comes into its own in spring, reflects this time of new beginnings and options. The market perks up. Snow has melted. Storm windows will soon be a memory.

click to enlarge
Click to Enlarge

Check out the graphs of 1) the number places on the market and 2) the number of places under contract and sold in the last 24 months.

Are you thinking of making a change? Spring buyers go on the hunt while smart sellers and REALTORS know that there's no time like the spring to get prepared for a beautiful summer. Sellers who are part of the spring market have been working hard to prepare their homes for sale. Offers made now will most likely have mortgages approved in 30-45 days and closings in 2 months.

green shoe fluevog
green shoes from John Fluevog that don't have anything to do with real estate-- as far as we know.

In Bucktown/Wicker Park, there were NINE closings this week: 2 were detached single family homes and 7 were attached homes. They are as follows:  

1316 N Leavitt 4 bedroom 3 ½ bath modern 3 story home $712,000

1956 W Evergreen 5 bedroom 4 ½ bath restored Victorian with a 1 bedroom 1 bath coach house on a 25 x 171' lot $1,250,000

1232 N Milwaukee #4 2 bedroom 2 bath condo with parking Short Sale $279,000

1744 W Division #1 2 bedroom 2 bath duplex with garage Foreclosure $305,000

1890 N Milwaukee #4D 3 bedroom 2 bath penthouse condo with tandem garage parking $332.000 
 
flower earrings at store B vintage
Flower earrings, like these, spotted at store B vintage, bloom all year long on your ears

1625 W North #201 3 bedroom 2 bath duplex condo with 2 garage spots Foreclosure $336,650

2010 W Potomac #C 2 bedroom 2 ½ bath townhouse with 2 garage spots $466,000 (market time 5 days!!)

1919 W Crystal #103 3 bedroom, 2 baths duplex with garage Bank Owned $515,000

1736 W Le Moyne #1 3 bedroom 2 ½ bath Duplex condo with garage $613,400

*** Information sourced from MREDLLC;3/7/11. Attached Property and Detached Property residential Bucktown (Ashland, Western, Fullerton, North) and WickerPark (Ashland, Western, North, Division)

Do you have a topic you'd like to see explored, or would like more information on properties currently on the market, or selling your home, drop me a note at EvaB@atproperties.com

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