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| Blog Occasionally, we like to share our thoughts with you on a wide range of topics. Browse our blogs below and feel free to reply with a comment of your own. Please note that all comments are subject to review and will be posted after approval. Enjoy! |
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Closed Single Family Homes in Lakeview & Lincoln Pk.2010-02-05 07:27:53 by George GianosTwo single family homes closed this week in Lakeview and Lincoln Park. A five bedroom / four and a half bath home located at 1722 W. Wolfram closed for $1,088,000 and a five bedroom / four bath with two half baths, located at 2615 N. Paulina closed for $1,825,000.
Lincoln Park closed condos2010-02-03 07:22:29 by George GianosIn the last few days, three more condos closed in Lincoln Park. A one bedroom/ one bath unit closed for $295,000 located at 2700 N. Halsted. A three bedroom/ two and a half bath unit located at 2644 N. Ashland closed for $520,000 and a four bedroom/ three and a half bath unit located at 633 W. Belden closed for $1,370,000.
Real Estate closed in Lincoln Park2010-02-02 09:24:04 by George GianosThree more condos closed yesterday in Lincoln Park. A two bedroom/ two bath unit located at 2530 N. Lincoln closed for $332,500. Another two bedroom/ two bath unit located at 2020 N. Dayton closed for $400,000.
A three bedroom/ three bath condo located at 270 N. Racine closed for $510,000. Real Estate closed in Lincoln Park2010-01-21 07:18:27 by George GianosThree more condos closed yesterday in Lincoln Park. A two bedroom/two bath unit closed for $438,000 located at 510 W. Grant. A three bedroom/two bath unit located at 1926 N. Lincoln Park West for $536,000 and a three bedroom/two and a half bath unit located at 1437 W. Diversey closed for $665,000.
Closed Real Estate in Lakeview2010-01-16 08:15:13 by George GianosFour condos closed yesterday in Lakeview. Two condos closed at 330 W. Diversey. A two bedroom/two bath unit closed for $220,000 and a three bedroom/three bath unit closed for $462,500. Also a two bedroom/one bath condo closed for $246,000 located at 3805 N. Ravenswood and a two bedroom/two bath duplex at 1518 W. School closed for $425,000.
Closed Real Estate in Lincoln Park2010-01-15 15:49:16 by George GianosThree more condos closed yesterday in Lincoln Park. A two bedroom/two bath unit located at 2500 N. Lakeview closed for $560,000. Also, a four bedroom/three bath townhome located at 2515 N. Seminary closed for $662,000 and a duplex with three bedrooms/three baths located at 2027 N. Howe closed for $752,500.
Closed Real Estate in Lincoln Park2010-01-14 06:21:37 by George GianosTwo properties closed yesterday in Lincoln Park. A two bedroom/two bath condo at 2650 N. Lakeview with listed for $419,900.00 closing at $377,500.00 and a three level town home located at 2611 N. Greenview that listed at $699,000.00 and closed for $677,500.00.
Tax Credit for Home Buyers2009-11-14 06:17:49 by George GianosFor more information on the new tax credit please call us for all the details at (312) 504-6381.
Awards!!2009-10-21 13:06:13 by George and Karen GianosWe are offering a $500.00 award for every buyer who you introduce us to. Of course they have to close on a purchase but there is no limitation on how much you could receive. Introduce us to 10 buyers that use our expertise and close on a property and we will award you $5,000.00.
We didn't forget sellers awards either. For every seller you introduce us to that closes, you'll receive a $250.00 award. Tax Credit for first time home buyers....2009-09-10 08:09:02 by George GianosTime is running out for first time home buyers to receive up to $8,000 in tax credits. The deadline for a "closed" purchase is November 31st of this year. The credit is also available to a buyer who has not owned a home/condo in the last 3 years. If you know of anyone who we can assist, please have them give us a call.
Home sales pick up2009-07-28 11:19:39 by George GianosFor the third consecutive month home sales picked up. Locally, the numbers are solid. Pricing for condos in some areas of the city have increased in the same period. For example, prices on a two bed, two bath condo in Lakeview have increased 3.5%.
Mortgage rates have also come in a bit after rising as high as 6%. As of this morning, rates on a 30 year mortgage are 5 1/4%. There are plenty of great deals still to be had. We just had a closing where our buyer bought a 3 bed, 2 bath duplex for $163,000. Give us a call to find the "10 Best Buys" in your area. Of course, your under no obligation to buy. Inflation?2009-05-13 12:07:00 by George GianosIf you listen to Wall Street, the majority of the economists are calling for higher inflation. Higher inflation usually equals higher mortgage rates. We just had a client lock into a thirty year mortgage at 4 3/4%. The purchase price was $560,000. The loan amount with 20% down is $448,000. If mortgage rates jump back to where they were in October of last year (6 3/4), the monthly mortgage payment would increase $570.
Another way to look at it is from a buying power standpoint. Lower mortgage rates afforded this buyer a more expensive home. If rates jump back to 6 3/4%, the same buyer with 20% down payment would only be looking at a purchase price of $450,000. Every buyer is looking at "price" in this market. Not the cost of money. Real estate prices in some areas of the city have stabilized and even increased in the last three months. If you think prices are going to come down 20%, don't hold your breath. The cost of money just gave you a 20% discount on the market. There are great properties out there at great prices. Be smart! Buy NOW! The spring market is heating up...2009-03-26 08:41:10 by George GianosHi Everyone. The spring market is heating up even though the weather hasn't. We have three closings this month and one scheduled for April. We also wrote three buyer contracts this month. Showings on our listings have also picked up and we've already had a record number of hits to our web site.
Mortgage rates are still at historic lows for buyers and pricing is still king for sellers. Home Buyer Tax Credit2009-02-12 14:16:53 by NAR Goverment AffairsThe Economic Stimulus Bill has been reconciled by the House and Senate. The details of the legislation has been finalized.
Homebuyer Tax Credit- a $8,000 tax credit that will available for qualified purchase of a principal residence by a first time home buyer between January 1, 2009 and December 1, 2009. The credit does not require repayment. Real Estate Inventory Builds in January for Spring Market2009-02-01 06:18:24 by George GianosIt appears that condo sellers geared up for the spring market in January. From Lincoln Park heading North along the lakefront into Evanston, there were 156 new listings. In the same period, there were only 107 closed condos. The neighborhoods included were Lakeview, Uptown, Edgewater, East Roger Park, Evanston and Lincoln Park.
Lakeview "closed" condos for January ($500K+)2009-01-31 10:33:40 by George Gianos433 W. Briar Place
2 Bed/2.1 Bath $539,000 3037 N. Kenmore 3 Bed/2 Bath $590,000 1550 W. Cornelia 3 Bed/2.1 Bath $605,000 3312 N. Kenmore 2 Bed/2 Bath $610,000 Lincoln Park "closed" condos for January ($500K+)2009-01-31 10:25:21 by George Gianos2623 N. Wilton
2 Bed/2 Bath $558,000 1872 N. Clybourn 2 Bed/2 Bath $570,000 1703 N. Sheffield 2 Bed/2 Bath $$575,000 329 W. Belden 3 Bed/3Bath $900,000 Existing-Home Sales Show Surprising Gain2009-01-28 07:14:31 by George GianosExisting-home sales rose unexpectedly while inventory declined. This is typically a good sign. Here in the Midwest sales increased 4.0% in December.
Mortgage interest rates are at historical lows, sellers are flexible and there is plenty of inventory to choose from. If your a first time home buyer, you may want to consider an FHA loan, with offers down payments of 3.5% on a safe 30 year fixed-rate mortgage. If you have patience, there are a large number of short sale and foreclosures on the market. If you'd like a list of them in your area, contact us along with your price point. We will gladly send you a list weekly. The GianosTeam moves to Lincoln Park- Halsted Office!2009-01-17 07:17:14 by George and Karen GianosHi Everyone,
We wanted to let everyone know that we have moved to a different Coldwell Banker office. We're now located at the Lincoln Park- Halsted Office. The address is 1959 N. Halsted, Chicago, Illinois....Halsted and Armitage. We still have all of the advantages of the Coldwell Banker name, just a busier location. We also want to thank all of our clients for their business. We truly appreciate it!!! If you know of anyone who you would feel comfortable introducing to us who could use our help, just give us a call. Sincerely, George and Karen December condo sales2009-01-05 07:52:30 by George GianosIn what is typically a slow month, December condo sales were strong. From Lincoln Park heading North along the lakefront to Evanston, there were 156 "closed" condominiums. In the same period, there were 35 new listings. The neighborhoods included were Lakeview, Edgewater, Uptown, East Rogers Park, Lincoln Park and Evanston.
Local home prices fall less than national index2009-01-05 07:24:44 by George Gianos/APA closely watched index shows home prices dropped by the sharpest annual rate on record in October, but Chicago-area prices didn't fall as much.
The Standard & Poor's/Case-Shiller 20-city housing index released Tuesday fell by a record 18 percent from October last year, the largest drop since its inception in 2000. The 10-city index tumbled 19.1 percent, its biggest decline in its 21 year history. Chicago-area prices fell 10.8 percent in October compared with October 2007, according to S&P Case/Shiller numbers. Welcome to our Blog!2008-08-26 09:49:53 by george gianosWe're excited to bring you our newest feature that's sure to keep you up to date on all the latest that's going on in the real estate business. Check back often because we'll be posting frequently. And don't forget to subscribe to our RSS feed by clicking the "subscribe" button at the top.
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