Property Sales Data:
City Wide

We are pleased to bring you important data showing current prices and historical appreciation for every neighborhood of Chicago for Single-Family Homes, Condo / Town Homes and, of course, 2- to 4-Flats .

(Click here)

Property Sales Data:
Detailed Analysis

We also offer the most detailed reports on individual neighbor-hoods of Chicago that you can find anywhere on the internet. You will quickly see that these reports can give a laser focus to your property search!

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Neighborhood Maps

Click here to view a list of master maps of Chicago neigborhoods (it shows the 77 major neighborhoods that Chicago is divided into).

> Neighborhood Maps of Chicago's 77 Census Tracts

Where is the market headed?

2006 was the year the housing bubble 'burst,' and 2007 was the year of the 'mortgage meltdown.' What we found incredible in the 2006 data we reported a year ago was that only 1 of the 20 neighborhoods in our report (see 60% more detailed above) had shown any kind of price drop.

But this past year was different!! Due to the mortgage melt-down, the number of units sold dropped typically by an amazing 40-50%--and the median price fell in 18 of the 20 neighborhoods—typically in the 2% to 9% range.

Now, to be fair, the credit crunch caused the number of 3-4 flat sales to fall much more than 2-flats—and that tilt made for a large part of the price drop. However, even if we say prices didn’t precipitously fall, the fact remains that the number of transactions did. 2006 had NOT been a terrible year for multi-units--but 2007 was.

Where is the market headed? We don't have a crystal ball but can provide a link to what we think is the best regularly updated report on national real estate trends, the quarterly Economic and Real Estate Trends from the people who issue PMI. Their report includes commentary on the national economy and regional housing price trends, and a ranking of risk for the 50 most populated metropolitan areas. They see Chicago as being in the LOWEST risk category of prices dropping in the future.

> Current Quarterly Report from PMI

And scroll down to where it says
"Download PMI's Economic and Real Estate Trends (ERET) report. [PDF]"

Why do they see Chicago so strong? We have NOT had the hyperinflation in housing prices like the west coast and Florida. We are still, by comparative standards, an affordable area to live in--and all indications are that we have a strong job market.

Our bottom line: the BIG challenge is with FINANCING--and we hope that 2008 is the year that gets straightened out!

Census Data

The Federal Government provides amazing information about any specific address you want to check out. Click below: :

> Explanation ("FFIEC geocoding")

> WEBSITE for FFIEC data

Crime Data

Did you know that the City of Chicago maintains a data base on all reported crimes? Citizen ICAM enables you to search the Chicago Police Department's database of reported crime. You will be able to see maps, graphs, and tables of reported crime. Data is refreshed daily, however, the most recent information is back-dated 7 days from today's date. The log-in screen can be found at:

  > City of Chicago CRIME data