Real estate news & trends

Search posts

Matt Garrison

News & trendsMarket conditions

It’s easier to get a loan on a large office building than a home

Matt Garrison CNBC

Before Matt Garrison left the residential real estate business to wholesale electric power and invest in commercial properties, he was one of our “go to guys” when we wanted an accurate take on what was happening in the local markets. We looked forward to Matt’s frequent TV appearances, and we’re glad to see he’s still ...

Comment Read the full article →
Posted by Joe Zekas on December 26, 2012
News & trendsMarket conditions

Seventy percent of the market anchored in 2007 prices?

Coldwell Banker’s Matt Garrison is one of my “go-to guys” for information on the mid- to higher reaches of the north side market. Earlier today, Matt sent along the following report: We have sold $32.8 million so far this year with 18 closed and 14 pending. Our average transaction is way up, partially because we ...

1 comment Read the full article →
Posted by Joe Zekas on June 7, 2011
News & trendsMarket conditions

Quote: ‘On fire’ in 2011

We are officially on fire with over 18 closed and pending YTD. We shifted our focus from development to resale in 2008 and getting traction. – Realtor Matt Garrison, via his @condoshark Twitter account, who’s off to a hot start to the year, averaging two closings or pending sales a week as of March 6. ...

Comment Read the full article →
Posted by Joseph Askins on March 14, 2011
News & trendsMarket conditions

Matt's market majority mojo – extend and pretend

Matt Garrison is one of my go-to guys when I want a completely candid take on what’s happening in the lakefront Chicago market. Yesterday I asked Matt for an update and he sent the following: I don’t think anyone would dispute that sales velocity has fallen off a cliff since May 1st. Without citing any ...

Comment Read the full article →
Posted by Joe Zekas on July 22, 2010
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, ...

2 comments Read the full article →
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 ...

Comment Read the full article →
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 ...

4 comments Read the full article →
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 ...

Comment Read the full article →
Posted by sponsored post on April 23, 2010
ChicagoDowntown / Loop

Why is the downtown condo rental inventory drying up?

In late November we started tracking the number of condo rentals in select Chicago ZIP codes in hopes of seeing…something. Every Friday, we record the number of homes listed for rent in 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60608, 60610, 60611, 60616, 60622, 60654, and 60661, the 14 ZIPs that make up the Loop ...

Comment Read the full article →
Posted by Joseph Askins 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 ...

Comment Read the full article →
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 ...

Comment Read the full article →
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 ...

2 comments Read the full article →
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 ...

Comment Read the full article →
Posted by sponsored post on March 12, 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 ...

Comment Read the full article →
Posted by sponsored post on February 26, 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 ...

Comment Read the full article →
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 ...

3 comments Read the full article →
Posted by sponsored post on February 5, 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, ...

Comment Read the full article →
Posted by sponsored post on January 8, 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 ...

1 comment Read the full article →
Posted by Joseph Askins on December 29, 2009
ChicagoDowntown / Loop

Renovated penthouse homes at 1400 Lake Shore Drive available at discount

After reading yesterday’s post about Jameson Real Estate‘s new marketing efforts at 1400 Lake Shore Drive, Coldwell Banker agent Matt Garrison e-mailed me some information about some renovated penthouse units he’s still marketing at the Gold Coast tower. These 22nd-story homes aren’t large — studios have as little as 284 square feet in some instances, ...

Comment Read the full article →
Posted by Joseph Askins on December 17, 2009
ChicagoDowntown / Loop

Shark bites: a Palmolive delicacy for $810K

This week’s CondoShark choice cut comes from straight from the big fish himself, Matt Garrison. Matt singled out this 1,529 square-foot two-bedroom on the 11th floor of the Palmolive Building, 159 E Walton St, as a noteworthy deal. The home was listed as high as $1.17 million at one point but has dropped gradually into ...

Comment Read the full article →
Posted by sponsored post on December 11, 2009