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Cities dying? Suburbs booming? Data don’t show it

The early coronavirus outbreaks and exodus of New York City residents had some folks biting their nails over the...

Cities dying? Suburbs booming? Data don’t show it
This home in Winfield, Illinois sold for $320,000 in March (Credit: Google Maps)

These suburban markets were on fire in Q1

Before the Chicagoland housing market froze in a coronavirus world, the suburbs were on a roll. During the first quarter of 2020, in 15 suburban towns, more homes sold, at a higher median price...

These suburban markets were on fire in Q1
The Sheridan at Park Ridge & Harrison Street Chairman and CEO Christopher Merrill (Credit: Google Maps)

Good bones: Harrison Street buys suburban senior complex for $49M

A Chicago-based investment management firm just picked up a 100,000-square-foot senior living complex in the northwest suburbs for about...

Good bones: Harrison Street buys suburban senior complex for $49M
628 Harrison Street and 922 North Boulevard in Oak Park (Credit: Google Maps, Realtor.com)

Two condo deconversions close in Oak Park

Condominium deconversions may still have legs in the Chicago area. Local multifamily brokerage Kiser Group recently brokered two small deconversions in suburban Oak Park for a combined $12.4 million. Hadar Goldman’s Chicago-based firm Goldman...

Two condo deconversions close in Oak Park
Home sales fell 7.6 percent year-over-year in November (Credit: iStock)

Buyers in the Chicago area remain on the sidelines

Across Chicago and its nine-county metro area, sales of single family homes and condos are still declining, though when...

Buyers in the Chicago area remain on the sidelines
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