**SOLD** 2911 N. Western Ave. #108, Chicago

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Don’t miss this classic brick & timber condo at the Riverwalk Lofts. Two bedrooms and two full baths in this spacious unit. Gorgeous southern exposure through oversize windows with exposed brick. Lovely oak hardwood floors throughout. Splendid new kitchen featuring Kraftmaid cabinets, quartz countertops, farm sink, subway tile backsplash and Kohler fixtures – with a fabulous vintage/modern Big Chill refrigerator. New master bath with geometric flair featuring a walk in “rain” shower, porcelain wall tile and custom made ash vanity. Gas fireplace, SGD to private balcony. New American Standard furnace 2017. Newer full size washer and dryer. Heated garage parking space – Storage and bike room in basement. Enjoy the private Chicago River walkway – Walk to Logan Square, Mariano’s, Target, etc. Close to expressways. A wonderful combination of mid-century meets modern!

**SOLD** 920 W. Madison, Chicago

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FABULOUS WEST LOOP LOCATION! Bright South facing one-bed plus a den. Sprawling LR/DR with 10′ ceilings, HW floors and gas fireplace. Sharp kitchen with 42″ cabinets, granite countertops, island and a pantry. Huge masterbath, loads of closet space. Enjoy the view from the 20×6 balcony. XTRA large storage room & prime heated garage space included. Mariano’s, Whole Foods & more, all at your doorstep!

Home Sale Prices Increase

The report below, an arguably relevant and positive housing report, appeared in a side-bar on page one of the Chicago Tribune Business Section last week. My question is, why wasn’t it on the Front Page? Read on…

Home prices in the Chicago area showed expected summer strength in July, posting a fourth consecutive month-over-month gain, according to a widely watched measurement of home values released Tuesday.

Still, the S&P/Case-Shiller Home Price index showed that despite a 1.9 percent improvement in prices in July, compared with June, home values in the Chicago area were 6.6 percent lower than a year ago, putting them at levels not widely seen since March 2002.”

September 27,2011/ By Mary Ellen Podmolik/ Tribune staff reporter

Yes, prices are lower this year than last year.  However what we should be watching now is the month-to-month numbers.  This is what will tell us when decline has ended.  As of July (the latest  that numbers are available for) we have seen our fourth month in a row of improvement, albeit small improvement, it is movement up in sale prices, rather than down.

If this continues for a fifth month, let’s hope it makes the Front Page!

Jeanne Jordan, CNC, SFR

 

Real Estate is a very local market

Wonder if your home’s value went up or down in the last year? Well, that depends upon where you live. According to the Illinois Association of Realtors, In DuPage county the median price of a home declined 5% from April 2009 to April 2010, while in the city of Chicago in the same period the median prices inched up a whopping 1.8%. The better news may be the actual number of sales, which increased significantly in that time period in both markets. In DuPage sales increased by 57.2% and in Chicago 45.5%.

Are we out of the woods yet? Maybe. At the very least we’ve found the footpath.

Jeanne Jordan