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the latest on real estate

07/23/08

07:46 AM

Housing Bulletin—Behind the Fall in Round Lake

In most of the Chicago area, the number of home sales is down about 30 to 40 percent this year, according to MRED, the real-estate data service. In the Round Lake section of Lake County, it’s down 77.9 percent. That means only a little more than one-fifth as many houses have sold there in the past 12 months as did in the prior year. And some agents in town say...

07/21/08

07:22 AM

Sale of the Week—Trading Up from the Park Tower

List Price: $1.4 million
Sale Price: $1.3 million
The Property: This two-bedroom condo on the 44th floor of the prestigious Park Tower at 800 N. Michigan Ave. was the “in-town” second home of a pair of Indiana physicians for seven years, until they traded up this year to a...

07/17/08

09:24 AM

On The Market—Spacious Cape Cod in Wilmette

List Price: $1,099,000
The Property: Unlike ostentatious new houses that flaunt their thousands of square feet with soaring roofs and phallic turrets, this Cape Cod–style house in Wilmette is a classic 1950s exercise in self-restraint, with a taupe exterior and a sheltered porch. The broad, low-hanging roof suggests a modest house huddles beneath, but, in fact, there are...

Freeze Frame
by Dennis Rodkin
As Chicago's real-estate market began to experience the big chill, homeowners worried that this was the beginning of the next ice age. But as our annual house survey demonstrates, there were a few bright spots in a year that was more frustrating than desperate.