CHICAGO
Real Estate Market Research
Condominiums
2006
www.colfaxrealty.com
1729 N. Clybourn Avenue, Chicago, IL 60614
Phone: (312) 274-1470 - Fax (312) 274-1469
NEW YORK
Residential Brokerage
•
CHICAGO
Relocations
•
BOSTON
•
Investments
MIAMI
•
EVANSTON
Grad Student Housing
CHICAGO MARKET RESEARCH
We believe thorough market research is critical in keeping Colfax, its partners and clients
well-informed and prepared to make educated real estate decisions. We take pride in our understanding of the
dynamics in each of our core markets and our ability to provide expert advice.
The following report showcases the changes in median sales price in the Chicago condominium market over
the past five years. Our analysis of the market is broken down by neighborhood into one, two, and three-bedroom
condominiums. All data was extracted from the Multiple Listing Service of Northern Illinois (MLSNI), covering
the period from 2001 to 2006.
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
CHICAGO MARKET RESEARCH
*as of July 2006
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group
DISCLOSURES
***Consult competent legal and/or accounting advice for all tax related information***
• Investing in real estate may be appropriate for you if you are willing to accept the risks and
uncertainties of investing in the real estate market.
• Real estate is a cyclical business, highly sensitive to general and local economic developments
and characterized by intense competition and periodic overbuilding. Real estate income and
values may also be greatly affected by demographic trends, such as population shifts or changing
tastes and values. Government actions, such as tax increases, zoning law changes or environmental
regulations, may also have a major impact on real estate markets. Changing interest rates and
credit quality requirements will also affect the cash flow of real estate assets and their ability to
meet capital needs.
• Past performance is not necessarily a guide to future performance. Estimates of future performance
are based on assumptions that may not be realized.
• Owning and operating real estate requires specialized management skills and bears management
and operating expenses.
• The risks of investing in this project may be intensified because it is non-diversified.
Additional disclosures:
This document does not provide individually tailored investment, legal or tax advice. It has been
prepared without regard to the individual financial circumstances and objectives of persons who receive
it. The opinions discussed in this document may not be suitable for all people. Colfax Realty Group,
Inc. recommends that clients independently evaluate particular investments and strategies, and encourages
clients to seek the advice of a financial, legal and tax advisor. The appropriateness of a particular
investment or strategy will depend on a client's individual circumstances and objectives. As a real estate
broker, Colfax Realty, or an affiliate, expects to receive or intends to seek referral or commission
compensation from brokerage services.
The information and opinions in this document were prepared by Colfax Realty Group, Inc., a real
estate brokerage firm based in Evanston, IL. We are not tax, legal or financial advisors. This document
is not an offer to buy or sell any property or to participate in any strategy. Colfax Realty Group, Inc.,
other affiliate companies and/or their employees may have investments in properties mentioned in this
presentation, and may rent and / or sell them in ways different from those discussed in this document.
Colfax Realty Group, Inc. makes every effort to use reliable, comprehensive information, but we make
no representation that it is accurate or complete. The value of and income from your properties may
vary due to changes in interest rates, market indexes, operational or financial conditions of the properties
or other factors. Past performance is not necessarily a guide to future performance. Estimates of future
performance are based on assumptions that may not be realized.
The materials presented in this guide may not be copied, reproduced, distributed or republished in any
form or by any means without the prior express written permission of Colfax Realty Group.
These materials may not be copied, reproduced, distributed or republished in any form or by any means without the prior express written permission of Colfax Realty Group