Author Archive | Malek

Five New Construction 2 bedroom Condos Under $500,000.

Construction cranes are rising all over Chicago and tens of new condo buildings are under construction in different city neighborhoods. However, the vast majority of these new condo buildings are hugely unaffordable and are offering only large size condos with a 7 figure price tag. The bad news is, this trend doesn’t seem to be stopping anytime soon. […]

Mapping New Construction Growth in Logan Square and West Town

The new construction market has been growing steadily in the past few years. Furthermore, the bulk of this growth has been concentrated along major transit corridors that offer easy and quick access to the Loop. As a result, new construction activities helped reshape a number of neighborhoods and attract lots of new residents and businesses […]

Mapping New Construction Market Activities in 2015

The new construction market in Chicago has been growing steadily in the past few years. In 2015, new construction homes occupied a significant portion of the real estate market in the city of Chicago. Mapping new construction homes sold in 2015 by price category In an effort to understand the new construction market in Chicago, […]

Mapping Chicago’s Most Luxurious Blocks

Mapping Chicago’s most luxurious blocks  Chicago is designed to have a conventional grid pattern streets. Main streets in Chicago cross the city from East to West or from North to South going through multiple neighborhoods. Streets like Ashland for example cross the city from the far North to the far South going through a number […]

Pros and cons of buying a new construction home

Buying a New Construction Home There are many pros and cons to consider when buying a new construction home. In addition to the obvious advantage that everything is brand new and you’re the 1st person to live in that home, it can be exciting to pick out all the different options for your new home. […]

Chicago’s New Construction Market in Three Charts

Chicago’s New Construction Market in Three Charts The new construction market in Chicago has been growing fast in the last few years as shown by many indicators. The market took years to absorb the inventory created during the recession but now demand is increasing again. The absorption level is at record high since the recession […]