Michigan Avenue - Niche Media - Michigan Avenue magazine is a luxury lifestyle magazine centered around Chicago’s finest people, events, fashion, health & beauty, fine dining & more!
Issue link: http://digital.greengale.com/i/641712
PhotograPhy by Vht StudioS This family room at 2510 W. Cullom Ave. is similar to the property at 2505 W. Hutchinson, which is slated for completion this spring. The latest S&P/Case- Shiller Home Price Index shows that Chicago-area single-family home price growth was just 1.3 percent in the past year (far below the nationwide gain of 5.2 percent). But that trend doesn't apply to luxury home sales in our hottest residential neighborhoods, note Peter Moore of Baird & Warner (312-371-9422) and Brad Lippitz of Berkshire Hathaway KoenigRubloff (773-230-5100). What areas are doing well? BL: The latest figures show single-family home prices for the 12 months ending in November rose 13.2 percent in Lakeview and 14.9 percent in North Center, showcasing a trend. Families in the city want areas with large single-family homes, great public schools, and amenities such as restau- rants, shops, public transit, and parks. PM: It started in Lakeview and spread to Roscoe Village and St. Ben's—both in North Center—and now is spilling over into Ravenswood and Lincoln Slow local price growth belieS a Strong luxury chicago real eState market. by lisa skolnik sure gains space brokers' round table 154 michiganavemag.com