One of the most special properties in Downtown Chicago is the Ritz Carlton Residences. Listed by my brokerage Coldwell Banker, it boasts magnificent views and sensational amenities. A movie theatre, billiards room, spa and athletic center just to name a few….. The comforts of home with the luxury service of a hotel.
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Out of the box homes are out there everywhere if you know where to look. Here are just two great examples of homes that you can put your own stamp on.
An amalgammation of styles, this Barrington mansion boasts a Jamaican style roof, heated floors, indoor pool and was designed by Frank Lloyd Wright apprentice Don Erickson. This listing can be yours for $3.975M.
For more information on this listing click here
This property is rich with historical background but is in need of some major TLC. The famed Oscar Mayer mansion in Evanston, IL listed for $1.2M and currently under contract. This property is a restorer’s dream! For more information click here
For a quick 1 min video update of the Evanston Market click the photo below. For a more detailed analysis scroll the rest of this post.
Evanston inventory in the $300k-700k pricepoint is down 5% which is good news for sellers that the market is no longer over saturated in most price points. Number of properties sold is up 13% from last May. Even more exciting than that, the number of properties sold is up 20% year to date from 2014 year to date. Sales prices though across the board are down 4% for the year. I would attribute this to very low inventory last year and a bit more saturation this year.
Above is a market snapshot of the $300k-700k price point. Below is a look at what it happening market wide in Evanston.
Evanston is appreciating in all pricepoints except the $900K-1M range and the $2M + range. The strongest pricepoint where demand is the highest for current inventory is $300-500k. The $1M-1.5M range is recovering from an oversaturated inventory earlier this year but inventory still remains higher than usual.
The yellow line represents 2015 sales per month versus the prior 4 years. While May numbers did not quite reach the boom of 2013 that we saw, they did exceed last year.
If you would like a detailed analysis of your micro market and a comparative market analysis for your home please contact me anytime!