Archive for January, 2008

Sales plunge to fresh low in Des Plaines

The real estate market in Des Plaines saw a decline in sales of single family homes for the fourth consecutive year.  According to statistics from the Chicago Association of Realtors, a total of 90 homes were sold during the third quarter.
This is a 27 percent drop from the same period in 2006, and it is […]

Another high end hotel planned for the Magnificent Mile

Developers announced the planned construction of a 50-story high-rise to be located at 150 Ontario St, just east of Michigan Avenue.
The development will be led by Monaco Development LLC.  The tower will offer a total of over 300 rooms, and will be geared towards the luxury market.  There will also be about 20 luxury condominiums […]

Gurnee market update

Sales of single family homes are dropping around the Chicago region.  Many areas are seeing fresh lows as buyers are unable to qualify for financing under tighter restrictions from banks and lenders.
Gurnee is no exception.  The city saw a total of 98 homes sold during the third quarter, down from 124 homes sold during the […]