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the latest on real estate

07/24/08

10:15 AM

On The Market—A Big Green Rehab in Highland Park

List price: $2.8 million
The Property: With an indoor pool, a typically hard-to-heat two-story living room and foyer, and a total of 9,000 square feet of indoor space, this Highland Park house used to be an energy hog. But thanks to the installation of solar and geothermal energy collectors, it now consumes a...

07/23/08

07:46 AM

Housing Bulletin—Behind the Fall in Round Lake

In most of the Chicago area, the number of home sales is down about 30 to 40 percent this year, according to MRED, the real-estate data service. In the Round Lake section of Lake County, it’s down 77.9 percent. That means only a little more than one-fifth as many houses have sold there in the past 12 months as did in the prior year. And some agents in town say...

07/21/08

07:22 AM

Sale of the Week—Trading Up from the Park Tower

List Price: $1.4 million
Sale Price: $1.3 million
The Property: This two-bedroom condo on the 44th floor of the prestigious Park Tower at 800 N. Michigan Ave. was the “in-town” second home of a pair of Indiana physicians for seven years, until they traded up this year to a...

Freeze Frame
by Dennis Rodkin
As Chicago's real-estate market began to experience the big chill, homeowners worried that this was the beginning of the next ice age. But as our annual house survey demonstrates, there were a few bright spots in a year that was more frustrating than desperate.