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September 28, 2006'Green' Real Estate in Chicago...Do you drive a Prius? Do you care about the environment and want to make a difference? Are you looking for lower heating and cooling costs? Then you've stumbled across the right person. Please reply to this email and let me know the following information so that I can update you on new 'GREEN' listings that hit the market: *Type Of Home (Single-Family or Condo) Please don't hesitate to call or email if you should have any questions. real estate that goes way, way beyond... Posted by at 01:00 PM
Chicago '1031 Exchange'Let me help you identify the properties for your 1031! Every commercial and investment listing on the MLS, and access to two major commercial MLS's. Best site on the net for every commercial listing in the MLS, go to: http://greatchicagorealestate.com/search_chicago_mls.htm Any questions or showing requests, call me. Ron Knoll @ 773 330-2353 cell Posted by at 12:57 PM
September 27, 2006Selling your home/condo in Bucktown?Call me for a free market analysis, and find out what your Bucktown property would sell for in today's active market. With my proven marketing plan, numerous sales awards, and thorough knowledge of Bucktown, I can sell your home for top dollar! Ron Knoll @ 773 330-2353 cell Posted by at 01:27 PM
September 26, 2006Home prices finally hit wall
By Mary Umberger At a pace that some analysts described as "astonishing," the price of existing homes declined nationally for the first time in 11 years in August, signaling that the long-awaited other shoe has finally dropped on the real estate market. Home sales have been slowing for months but sellers appeared to be holding out to get their price. Now the pressure to sell is intensifying, leading to a drop in house values across the country. In the Chicago region, prices stayed flat for the month, meaning that the average homeowner missed out on appreciation. But analysts see price declines hitting the area soon as anxious sellers give in to the trend and lower their asking prices. Economists worry about the housing slump's ripple effects. Even as the boom began to wind down last year the housing market probably contributed about $2 trillion to the U.S. economy, according to the National Association of Realtors. One estimate from Goldman Sachs predicts that the slowdown will cut 1.5 percentage points from the nation's economic growth in 2007. The Realtors' association reported Monday that the median price for existing single-family homes nationwide slipped 1.7 percent from last August, the first such decline since April 1995. It also was the second-biggest decline in the 38 years the Realtors have gathered sales data. "It's pretty amazing how fast the reversal has occurred since last year," said David Stiff, chief economist at Fiserv CSW, a property-data analysis firm in Boston. "There has never been such a quick deceleration in price appreciation," Stiff said. "I was looking at data from 1969 forward, and it's unprecedented." Illinois home prices, which had declined incrementally in June and July, dropped 1.9 percent in August, to $210,900 from $214,900, according to the Illinois Association of Realtors. The nine-county Chicago region avoided price depreciation, and condo prices inched up 3.4 percent. But there is no denying that the slowdown is taking a toll. Chicago-area sales in August were down nearly 21 percent from last year, while condo sales were off 11 percent. During the lull the inventory of homes for sale has grown about 40 percent from last August. Local realty executives say sales will pick up when more sellers cut their asking prices to more realistic levels. "It's a transitional market, and the sooner we get out and make [price] adjustments, the better," said James Merrion, regional director of Re/Max Northern Illinois in Elgin. "Too many sellers got greedy," he said. "Prices have to come down." Not so, said Tommy Gentile, who has been trying to sell his five-bedroom home in west suburban Montgomery for about six months. He has reduced the price by $20,000, to about $380,000, leaving little wiggle room. "That price is pretty close to rock-bottom, as far as money we've put into it," he said of the house, bought two years ago. "We have to get our money back because we've bought another house, and we're remodeling that one. We have two mortgages." Few people are coming to take a look, Gentile said. Between competition from home builders offering incentives to close out developments and about 10 neighbors who also have their homes for sale, it's a struggle to attract interest. Nationally, the Realtors said total sales slipped 12.6 percent from August 2005. Though the numbers were slightly better than anticipated, it was still the slowest rate since January 2004. Ian Shepherdson, chief economist at High Frequency Economics in Valhalla, N.Y., said the national price news probably was worse than reported. "We estimate that seasonally adjusted single-family home prices have fallen at a 5.9 percent annualized rate in the past three months," he said. "The speed of the collapse has been astonishing. This time last year single-family homes were up 16.4 percent, year over year." Posted by bkleinhe at 08:00 AM
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September 25, 2006Evanston Property2814 Grant St in Evanston. 5 bedroom/3.1 bath priced at $749,000. Ron Knoll @ 773 330-2353 cell Posted by at 07:18 PM
Commercial Properties ChicagoWe also have access to two of the top commercial MLS's and have a list of off-market properties to fit every need! One of the Top Web Sites in Chicago! Amazing 'Loft Section', Commercial Listings, Cool Blog, Featured Listings, Search for a second home in Michigan, & Useful 'Neighborhood Information' http://www.GreatChicagoRealEstate.com Ron Knoll @ 773 330-2353 cell for all your real estate needs... Posted by at 07:16 PM
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September 20, 2006Chicago Commercial Real EstateLet the Saffron Team of Chuck and Ron find THE place for you!! We have the knowledge, skill, experience, moxy, tools and resources to get it done. Just let us know: What Area, Price Range, Type of Property, Type of Business, Square Footage, Timeframe, and if you are Currently Working with an Agent. And we'll work accordingly.
Saffron Realty Group Posted by at 10:20 PM
September 04, 2006Thinking of buying a second home in Chicago?http://www.GreatChicagoRealEstate.com #1 Web Site in Chicago! Amazing 'Loft Section', Commercial Listings, Cool Blog, Featured Listings, & Useful 'Neighborhood Information' http://www.GreatChicagoRealEstate.com Ron Knoll @ 773 330-2353 cell for all your real estate needs... Posted by at 06:44 PM
Hi-End condo for rent!YOU HAVE TO SEE THIS BEAUTIFUL PENTHOUSE WITH AMAZING VIEWS OF THE CHICAGO SKYLINE. NEVER LIVED IN AND READY TO GO! PLEASE, NO SMOKERS OR PETS! 822 N. CALIFORNIA#4 TOP FLOOR 3 BEDROOM/2BATH UNIT W/AMAZING CITY VIEWS! NEW CONSTRUCTION CONDO W/ALL OF THE FINEST FINISHES.GOURMET KITCHEN W/ GRANITE COUNTERTOPS,42' MAPLE CABINETRY,STAINLESS STEEL APPLIANCES,WOOD-BURNING FIREPLACE IN LIVING ROOM,ELEGANT MASTER SUITE WITH JACUZZI, 2 BALCONIES WITH GORGEOUS SKYLINE VIEWS,SECURED PARKING ALL INCLUDED. GREAT LOCATION ON FAST DEVELOPING CALIFORNIA. CLOSE TO BLACK BEETLE, HUMBOLDT PIE, AND HUMBOLDT PARK! RON KNOLL @ 773 330-2353 CELL Posted by at 06:41 PM
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