July 27, 2007
- Basketball great Michael Jordan’s ex-wife pays $4,720,500 for a mansion in Chicago’s River North neighborhood; Chicago sportscaster Bruce Wolf sells his house in Riverwoods, IL for $1,015,000 and pays $550,000 for a town house in Deerfield; IL; the late Northwestern University football coach Randy Walker’s house in Evanston, IL sells for $1,087,500
Chicago Tribune
July 26, 2007 Thursday
RedEye Edition
Famous Places
Jordan’s ex buys $4.7M home
By Bob Goldsborough for RedEye Bob Goldsborough is a RedEye special contributor.
Juanita Jordan, ex-wife of basketball legend Michael Jordan, has paid $4.7 million for a newly built, 23-room mansion in Chicago’s River North neighborhood.
Juanita Jordan purchased the six-bedroom mansion in the Kingsbury Estates area [...]
May 31, 2007
- Chicago Condo Market Conditions - April 2007
For April 2007
Average Days on the Market: 72 Days
Monthly Supply of Inventory: 5.6 months
Average Sale Price: $330,869
The Chicago Condo Market still looks relatively healthy. Less than six months of inventory is considered to be a sellers market and currently there is 5.6 months of inventory. So although we are close to the [...]
May 4, 2007
- J.P. Morgan Chase CEO Jamie Dimon lists Chicago mansion for $13.5 million, pays $17.05 million for house in Bedford Corners, NY
Jamie Dimon, the chairman and chief executive officer of J.P. Morgan Chase & Co., has listed his 15,500-square-foot brownstone mansion on Chicago’s Gold Coast for $13.5 million.
The listing, which was reported first in Friday’s Wall Street Journal, is one near and dear to our hearts, since in a previous life, we broke the story in [...]
January 31, 2007
- Oak Park Homes
If you are beginning to search for a home in Oak Park you will find a large variety of architectural styles mainly from the 1900s to 1940s. Traveling through the community you might find a large Gothic mansion on the same block as a beautifully Painted Lady, and just down the street from a [...]
January 29, 2007
- Market conditions and trends graphs now available
Berg Properties in conjunction with Altos Research now has graphs related to Chicago real estate market conditions available on their website for free. We have started with a core group of neighborhoods and suburbs and will branch out from there. The graphs will not include accurate Chicago condo data for several months as [...]
January 12, 2007
- Queer guys moving to Brooklyn
Bespectacled food expert Ted Allen, the onetime Chicago Magazine senior editor who vaulted to national fame as one of the five cast members on Bravo’s “Queer Eye for the Straight Guy,” has sold his five-room, 2,258-square-foot condo loft in New York City’s Chelsea neighborhood for a reported $2.75 million and has said he plans to [...]
January 10, 2007
- Chicago Condo Market Conditions for December
For December there was a 9.6 month supply of attached homes (condos and townhomes) in Chicago which was down slightly from November’s 9.9 month supply. This means that at the current rate it would take 9.6 months for the current inventory of homes to be absorbed. The months of supply of attached homes [...]
December 12, 2006
- Chicago Market Conditions Report
For the week in Chicago here are the number of closings versus new listings.
The amount of inventory is down slightly from last month.
For The median close prices, please note that type 1 : Condo and Townhomes, type 2: Single Family homes, Type 3 is multiunits.
All data courtesy of CAR - Chicago Association of Realtors
December 11, 2006
- Oprah Winfrey’s Real Estate Empire
While Oprah Winfrey’s recent purchase of a nearly $6 million co-op unit in Streeterville has attracted media attention, the talk-show queen also has paid $780,000 for a two-level condominium unit in a loft building that is closer to her studios.
In fact, the Near West Side condo that Winfrey bought is less than a block from [...]
December 6, 2006
- Chicago Real Estate Inventory, Sales and Close Data
Compared with 2005, closings are down significantly while the number of listings coming on the market are down slightly from last year.
This only adds to the already high inventory levels. This graph shows that shows that inventory levels are very high for the Chicagoland.
In this table please note that type 1 : Condo [...]
December 1, 2006
- IAR reports that home sales are down
The Illinois Association of Realtors recently reported that October home sales in the Chicago area were 15.4% down from last year. That being said, prices inched up less than 1% from last year. The Chicago Tribune reported that Chicago-area condo prices fell about 5% in October although prices were still up about 3% for the [...]
November 30, 2006
- Oprah buys new home in Chicago
The Chicago Sun-Times is reporting that Oprah Winfrey is moving into a 5,000-square-foot Chicago apartment in the co-op building at 199 E. Lake Shore Drive.
In a Page One story (Sun Times), Sun-Times columnist Michael Sneed claims that the talk-show queen will give up her massive duplex in Chicago’s Water Tower Place, which she has owned [...]
