Tag: Appraisal Research Counselors
MLS-listed rental market strengthening in downtown Chicago
The number of MLS-listed homes and condos listed for rent in the 14 downtown ZIP Codes that we track stood at 919 yesterday, down from 1,008 just [...]
The list that’s depressing downtown Chicago apartment rents
Crain's Chicago Real Estate Daily recently reported, based on data from Appraisal Research Counselors, that rents at Class A downtown apartment bu [...]
High-rise rents, occupancy, absorption rates all fall
After years of seeing rents rise, renters may be singing "happy days are here again," according to Appraisal Research Counselors data reported by Chic [...]
235 Van Buren was last quarter’s best-seller
According to Chicago Real Estate Daily:
Developers closed 159 condo sales downtown in the third quarter, up slightly from 151 sales in the sec [...]
Rent increases slowing, downtown occupancy rates falling
A news release from the Chicagoland Apartment Association (CAA) included the following summary of a presentation by Ron DeVries, vice president of [...]
235 Van Buren was top-selling downtown condo in Q3
According to data reported by Appraisal Research Counselors (ARC) to Chicago Real Estate Daily the Ralph Johnson-designed tower at 235 Van Buren h [...]
Quote of the day – bad news for landlords isn’t
Appraisal Research Counselors (ARC) is reporting that average net rents at top-tier downtown Chicago apartment buildings rose to an all-time high [...]
Few bright spots in third-quarter downtown condo sales
Crain's Chicago Real Estate Daily reports that Appraisal Research Counselors summary of downtown Chicago condo sales in the third quarter had few [...]
Quote of the day – The demand picture remains ugly
Crain's Chicago Real Estate Daily has the numbers from Appraisal Research Counselors on the downtown condo market and leads with this summary:
[...]
Suburban Chicago rents up but incentives remain
The median net rent per square foot at suburban Chicago apartment complexes rose 7.4% year-over-year in the fourth quarter of 2010, according to a [...]
Appraisal Research checks Case-Shiller’s Chicago numbers
From Appraisal Research Counselors' 4Q 2010 Downtown Chicago Residential Benchmark Report:
For the 4Q 2010 report, Appraisal Research Counselors co [...]
215 West, 200 Squared, Astoria Tower lead new towers in 4Q leases
More than half of all the leases signed at downtown's eight newest rental high-rises in 4Q 2010 were concentrated in three buildings: 215 West and [...]
Downtown rentals through MLS up 28% in 2010
Appraisal Research Counselors, like YoChicago, is keeping tabs on the number of downtown homes listed for rent through the MLS.
From the 4Q 2010 Do [...]
Belgravia condos represent 1/3 of downtown’s new home sales in 2010
"I'm not sure if I should laugh or cry. I feel a hell of a lot better in 2011 than I did a year ago."
- Belgravia Group President / CEO Alan Le [...]
Quote of the day: ‘An apartment-flipper market’
"It’s almost like we went from a condo-flipper market to an apartment-flipper market."
- Ron DeVries, vice-president at Appraisal Research Counsel [...]
Glut check: How’s the South Loop’s three-bedroom market?
One of the trends Appraisal Research Counselors has included in every quarterly market report over the past year or two involves the general lack [...]
Downtown’s new construction market on pace to 600 sales in 2010
“Right now, we’re just kind of glued in place," says Gail Lissner, vice president of Appraisal Research Counselors, in a new Crain's article about [...]
Appraisal Research: Light traffic, low conversion ratio among Chicago condo projects
New condo developments in Chicago saw an average of 12 visits by prospective buyers per week in the first half of 2010, according to Appraisal Researc [...]
ARC: High demand for downtown rentals
Appraisal Research Counselors on downtown apartment inventory:
Demand for downtown apartments continues to expand at a record pace. There are 2,146 m [...]
Glut check: 3,300+ unsold homes downtown
The second quarter of 2010 ended with 3,344 developer units still on the market in downtown Chicago, according to Appraisal Research Counselors' lates [...]