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CondoShark

ChicagoNorth Side

"Not your typical 2/2" near Wrigley Field

I know what you’re thinking, hockey fans: “What do we do for the next four months?” Maybe you’ve heard tales of a little place on the North Side, located about five miles north-northeast of the United Center, where grown men play games — games with sticks! — and everyone seems to have a good time, ...

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Posted by Joseph Askins on June 10, 2010
ChicagoNorthwest Side

Shark bites: Four-bedroom duplexes available for under $300K in Irving Park

Buyers are coming around on a new-construction six-flat at 3500 W Irving Park Rd on the Irving Park / Albany Park border, where the Matt Garrison Group has listed two-bedroom / two-bath condos in the $210s and four-bedroom / three-bath duplexes in the $290s. The building saw only one sale before it “got caught in ...

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Posted by sponsored post on May 28, 2010
ChicagoNorthwest Side

Shark bites: "Devastation" in West Rogers Park's condo conversions

Yesterday afternoon I received an e-mail from CondoShark.com‘s Matt Garrison focusing on two topics: the types of buyers who are active in the post-tax credit world, and neighborhoods that are continuing to suffer in today’s market. Here’s some of what he had to say: I have dozens of CondoShark buyers who are just waiting for ...

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Posted by sponsored post on May 7, 2010
ChicagoNorth Side

Shark bites: Landmark luxury on Lake Shore

A Lake Shore Drive address in the Gold Coast rarely comes cheap (unless you’re buying at auction this weekend, perhaps), but it’s especially pricey when you’re looking for one of the Drive’s rare single-family homes. The 115-year-old home at 1258 N Lake Shore Dr has been on the market since July 2008, when it was ...

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Posted by sponsored post on April 23, 2010
ChicagoDowntown / Loop

Shark bites: Deals on investment properties

You know that Matt Garrison tracks big price reductions on condos and single-family homes at CondoShark.com. But did you know he also keeps an eye on multi-unit buildings? Here are all of the two-, three-, and four-flats in Bucktown, the Gold Coast, Lake View, and Lincoln Park, whose prices have dropped by at least 20 ...

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Posted by Joseph Askins on April 2, 2010
ChicagoDowntown / Loop

Shark bites: Finding the perfect REO for a determined first-time buyer

By mid-2009, Max knew his search for distressed properties wasn’t going as planned. “I was working with an agent for a while and wasn’t seeing anything compelling — it felt like we just weren’t on the same page,” he says. “So eventually I decided to go it alone. I know Chicago’s neighborhoods, I know value ...

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Posted by sponsored post on March 26, 2010
ChicagoDowntown / Loop

Shark bites: What's driving 1400 Lake Shore Drive's auction?

The size and pace of price reductions among 1400 Lake Shore Drive‘s resales haven’t made things any easier for RDM Development, which still has about 80 units of its own sitting on the books. That’s probably why RDM decided to go the auction route with at least some of its units– it’s the only way to ...

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Posted by sponsored post on March 19, 2010
North ShoreWinnetka

Shark bites: Top reductions in Winnetka

Matt Garrison‘s ShoreShark.com tracks price reductions, short sales, and foreclosures in eight northern suburbs: Deerfield, Glencoe, Glenview, Highland Park, Kenilworth, Lake Forest, Wilmette, and Winnetka. The five listings below represent the largest overall price reductions for single-family homes in Winnetka. Click on each address to learn more about the property. 800 Green Bay Rd: Three-bedroom ...

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Posted by sponsored post on March 12, 2010
ChicagoDowntown / Loop

Shark bites: Lake Shore Drive deals, from Streeterville to Lake View

View CondoShark.com: Deals on Lake Shore Drive in a larger map This afternoon I plotted out all of the top Lake Shore Drive price reductions, foreclosures, and short sales listed on CondoShark.com. Use the Google Map above drill into each location to see price information and links to listings.

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Posted by sponsored post on March 5, 2010

Hunt down your own deals with CondoShark's Deal Alert

It’s easy to keep up with price reductions by visiting CondoShark.com regularly, but it isn’t a comprehensive view of the market. For that reason, Matt Garrison offers a “Deal Alert” service that lets buyers delve deeper into the best deals out there. “Not all great deals can be measured by price reductions — it’s only ...

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Posted by sponsored post on February 26, 2010
ChicagoNorth Side

Shark bites: Single-family savings of 25% in Bucktown and Lake View

Matt Garrison’s CondoShark.com tracks more than discounts on downtown condos — it also keeps tabs on the city’s single-family home market. If you know where to look, you can find a single-family home listed for 25 percent or more off its original list price. The two listed at CondoShark.com are: Bucktown: 1837 N Marshfield Ave: ...

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Posted by sponsored post on February 19, 2010
ChicagoDowntown / Loop

Shark bites: Looking for lofts in all the right places

Due to their neighborhoods’ old industrial and warehousing natures, many of the discounted homes, short sales, and foreclosures in River North, the West Loop, and the South Loop are true-blue timber or concrete lofts. This morning I used Matt Garrison’s CondoShark.com records to pull together a list of lofts that have seen their prices cut ...

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Posted by sponsored post on February 12, 2010
News & trendsMarket conditions

Shark bites: Top reductions in seven 'hoods

CondoShark.com tracks price cuts on homes in seven Chicago neighborhoods: Bucktown, Gold Coast, Lake View, Lincoln Park, River North, South Loop, and West Loop. The following properties hold the top spot for reductions by percentage in each neighborhood: Bucktown: Unit #4 at 1954 N Wilmot Ave: Three-bedroom / two-bath; was $649,999, now $499,000 (a 23.2-percent ...

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Posted by sponsored post on February 5, 2010

Shark bites: Top five North Shore discounts

Matt Garrison’s CondoShark.com tracks the biggest discounts on homes in seven Chicago neighborhoods and eight suburbs. This morning I browsed the suburban listings at Garrison’s ShoreShark page and found these properties, which represent the five biggest discounts on North Shore homes. Click on the links below to see listings for these homes. 515 Kenilworth Ave ...

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Posted by sponsored post on February 1, 2010
ChicagoDowntown / Loop

Shark bites: Short-selling a Trump studio

Unit #2414 at Trump International Hotel & Tower Chicago may be one of the high-rise’s smaller spaces, but when it comes to short sale discounts in River North, it’s one of the biggest around. The 604 square-foot hotel condo at 401 N Wabash Ave sold in March 2008 for $894,524. (That’s right, $1,481 a square ...

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Posted by sponsored post on January 22, 2010
ChicagoNorth Side

Shark bites: Big discounts at 2000 North Lincoln Park West Private Residences

Four of the top ten homes on CondoShark.com‘s list of foreclosures and short sales in Lincoln Park are located inside the 16-story, 120-unit 2000 North Lincoln Park West Private Residences at 2000 N Lincoln Park West Ave. The three studios and one one-bedroom have seen their listing prices fall anywhere from 26 to 45 percent, ...

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Posted by sponsored post on January 15, 2010
ChicagoNorth Side

Shark bites: Tasty treats near Lincoln Park's North Pond

CondoShark slipped into Diversey Harbor the other day with plans to grab a bite at the Lincoln Park Zoo. Before he got there, however, the unmistakable smell of a deal wafted in from across the North Pond. “That smells like 26 percent off,” he said. Unit #3A at Roslyn Place II, 444 W Roslyn Pl, ...

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Posted by sponsored post on January 8, 2010
ChicagoDowntown / Loop

Shark bites: 43 percent off a River City short sale

The CondoShark normally checks in on Fridays, but we gave him some time off for the New Year. He’s back to the grind today and has already found a treat downriver: a 1,550 square-foot three-bedroom at River City, 800 S Wells St, selling for 39 percent less than its 2006 sale price and almost 43 ...

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Posted by sponsored post on January 4, 2010

The 2010 market: sunny or stagnant?

If the average rate of a 30-year fixed-rate mortgage rises to 6 percent by the end of 2010, how will the market react? The National Association of Realtors is calling for increased sales volume and slightly higher home values, due in part to the extension of federal tax credits, but Matt Garrison of Coldwell Banker ...

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Posted by Joseph Askins on December 29, 2009
North ShoreKenilworth

Shark bites: 45 percent off in Kenilworth

When you sink underwater, the ShoreShark’s sure to get you! Earlier this week, we pulled a few quotes from a Bloomberg article about the rise of defaults and short sales in the luxury home market. “The rich aren’t as rich as they used to be — People have reached the point where they can’t afford ...

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Posted by sponsored post on December 18, 2009