Our efforts to enjoy the great outdoors Monday were stymied by an intermittent rainfall. At one point there seemed to be a window of opportunity, so we harnessed the bikes on the 4-Runner and made our way to the bike path at Caldwell Woods. Right when we got there the sprinkles galvanized into a full-fledged downpour, and chased us into the nearby SuperDawg Drive-in. For those of you who haven't been to SuperDawg you can't consider yourself a real Chicago hot dog aficionado until you have made eye contact with the dancing hotdog atop the drive in while sating your appetite.
While some may prefer Portillo's, these two pooch purveyors balance in my mind to create a finely tuned fulcrum of the Chicago dog experience. It's rare that a return trip from O'Hare International Airport won't feature an exit at Nagle and a jaunt to SuperDawg near the intersection of Milwaukee/Nagle/Devon. So as Lucas eased into a carseat nap, Jackson was chomping at the bit to down some of the goods from this culinary wonderwerk. No worries for those reading today who are keeping a tally, Jackson's lunch wasn't a dog - his fare was a grilled cheese with fries and a portion of a chocolate shake.
A few hours later we did wheel the bikes out of the garage with the boys in their seats. The weather decided to cooperate and we wanted to join the growing chorus of early voters so we greenly made our way to perform our civic duty at the Edgewater Public Library. With five minutes to spare before the 5pm closing we walked in, showed our state id's to cast early ballots. With Lucas balanced on my knee my eyes welled up with tears as I saw Barack Obama's name at the top of the ticket.
So with Jackson at her side and Lucas on my knee we joined the growing ranks of early voters. Leaving the overly warm library auditorium and buoyant with the future we hope our small efforts will visit on our boys and our country we made our way back outside, straddled our bikes and rode to the lakefront to scratch a path somewhat south along Lake Michigan with no particular destination in mind. Perhaps the clear skies at the end of the day are an omen of good things to come. That's what we are feeling here at The Real Estate Lounge Chicago.
Wrigley Field on a sunny Summer afternoon...
Inning after inning the northside nine put up goose egg after miserable goose egg. In days of old (going back an entire century) Cubs fans would have anticipated the worst. An "L" for loss would be lifted atop the center field score board and that would be that, a simple single pockmark in a season rife with the rough terrain of far too many pockmarks.
Turns out the gimme waited until the bottom of the 9th to show up. That's when Jim Edmonds poked a line drive homer to the basket in left to tie the score. Ah, the universe felt as if it was coming back to a charitable disposition. Except that in this instance charity wasn't given - it was taken. And the final collection waited until the 11th inning to bear its lovely toothy smile.
By the way, located at Sheffield and Clark, Wrigley Field is two and a half blocks from a transcendent bit of Chicago real estate listed by Tom McCarey of The Real Estate Lounge Chicago - 726 Addison is a luxury condo on the top floor of a fully rehabbed all brick building. With a flowing extra wide layout, this condo is perfect for any number of Chicago real estate buyers, including first-time buyers or buyers looking for a bit more space in a wonderful Lakeview location, or out of towners looking for an in-town residence.
Another simply gorgeous residence that single home seekers in the Chicago real estate market need to know about is 1858 Race.
We cleared the 5.30 threshold Saturday night and somehow we figured we were ahead of the game.
In such haste had we left our Edgewater abode that we didn't even have the restaurant's exact address. Fortunately the Blackberry was able to sift through our misspelling and pointed us to Smoque near Grace and Pulaski in Chicago's Old Irving neighborhood.
So we punched the gas and cruised south to Diversey and Western to check out Fat Willy's in Logan Square.
With more seats than Smoque we were hopeful that Fat Willy's would be able to accommodate us. Unfortunately when we rolled up there were even more people milling about the outside of this joint waiting for tables that were some 40-60 minutes away from being available.
But come to think about it a Saturday night meal is meant to be more than satisfactory. I don't expect a marching band to high step by with each chewed morsel or every sip of a milk shake to catapult me into remembrances of pony rides as a child.
Here's the thing - despite proclamations regarding the demise of the market, the market has not met its demise. I repeat, the market has not met its demise.
In the neighborhood alluded to by the questioner activity has not capriciously declined. In fact, depending on what you are looking, for it is among the steadiest of Chicago's residential neighborhoods. In fact, the neighborhoods where I transact with my buying and selling clients most often on Chicago's north and northwest sides the market is doing just fine. These areas include the Gold Coast, Old Town, Lincoln Park, Lakeview, Wrigleyville, Roscoe Village, Uptown, Andersonville, Edgewater, Lincoln Square, Bucktown, East Village, Wicker Park and North Center.
To substantiate my belief are the facts of the market. See for yourself by clicking here to see a comprehensive neighborhood-by-neighborhood report done by my brokerage, Chicago's @properties.
I think I understand where the Trulia questioner is coming from - over and over the drum beat of the sour real estate market is sounded in media outlets. But whereas the Tribune or Time Magazine are reporting of specific locations, what is going on in Miami or Vegas IS NOT what is going on in Chicago. I wouldn't say the Chicago market is robust. But I also think it's entirely incorrect to paint our market with the same paintbrush that is coating the canvas of tanked markets like Miami, Vegas or elsewhere.
If nothing else I hope the comprehensive report I have provided here serves to offset some of the misperceptions and misconceptions of the current market.
By the end of the process we, like Lucas, will find our feet steadily below us as we continue moving forward.
Moses tooled up to an East Village coffee shop earlier today on his new sleek silver Vespa.
It had been a while since I had seen the old guy, but I'm never surprised by what he does or how he does it. Today being a slight slice of Spring on what this year has been an ever-elongating wintry landscape he opted to go, as he referred to it, as "topless." So there he was in front of the Mercury coffee shop on Chicago Avenue just east of Ashland beaming like a goofy sophomore who was taking the prom queen to the dance.
We in Chicago tend to get a bit short of breath with each whisper of spring and mi amigoMoses, possibly as a testament to his youthful spirit, is no different as he showed off his new ultra-efficient two-wheeler before temperatures headed south again. You see though April is a slight stone's throw from where we stand there's still snow on the ground on the north side of my Edgewater home and we can see our breath when we exhale.
"Wow," I said and simultaneously wondered to myself whether Moses, a Chicago real estate pro like myself, would go to showings on the bike. No sooner had I mused this than he broke out his technological toolbox and I knew that this toga donning nutsicle didn't need the shell of a car or or the trappings of a truck to sell real estate.
From the newest Blackberry (with 10 email capacity and "tethering" ability to enable full wireless internet performance in addition to serving as a mobile phone), Bluetooth (for handsfree conversing), digital camera, an unabiding knowledge of the market and an undeniable "can do" attitude, Moses cut quite the 21st Century figure on the Chicago real estate landscape. Had I not known him so well or been so severely self-confident myself I might have been intimidated.
Instead I was impressed.
So we sat down to a mid-sized latte to talk the Chicago real estate market and what's going on with buyers, sellers, and fence sitters. Then the conversation took a turn.
That's when his phone nibbled the air with its gentle timbling.
Trying not to eavesdrop but straining to hear what I could I detected a muffled tone seeping past Moses' Bluetooth that an offer had been sent via pdf. Having been the recipient of several and various offers of late I simply hoped that the paper on which the offer had been written had not been used in vain.
Moses, ever the picture of cool conducted himself as if the caller was right there in front of him, nodding his head and squinting his eyes when needed. He purred his voice back to the caller that he would get back to him if the offer was sufficient.
Having hung up the call he winked at me over the hood of his 17 inch HP lap top. "Give me a second so I might discern if my friend and I sip from the same cup of tea."
Moments after firing up this generation's version of the teletype machine I witnessed a momentary flaring of temper as my good friend lifted his arms skyward as if to ask for divine intervention to offset what his eyes beheld.
No sooner than it appeared had the anger dissipated and he regained his game face. He nodded at me and chuckled, "It appears that the caller's tea cup is dangling in a different plane of reality."
Not being all-too-versed in Heidegger I allowed the silence between us to exist until he wished to puncture it.
And so each of us quietly returned to our delicious caffeinated beverages until he allowed that the offer orbited at 85% of asking price.
He went on to say that the roughly 85% offer was made on a listing price that he, his client, and the overall East Village market deemed to be a fair value price.
He didn't seemed insulted. Nor did he appear perturbed. Instead, if I was to characterize his demeanor, it would be that he was stoically fatigued.
Now I don't mean to say that Moses seemed ready to take a John McCain-type middle of the day nap - but as he spider-mirrored his finger tips together he chewed out the words that he couldn't wait for good sense and reason to reappear in the Chicago real estate market.
"What's next?," I asked him.
"It's up to my client - but in all likelihood we'll meet their salaciousness with silence. That or a take it or leave it number well beyond their starting point."
We sat again in silence, possibly the same silence that would serve as his client's response to this exquisitely low offer, and I wondered what was behind the buyer's starting point.
A few more minutes passed, the level of caffeine lowered while our degrees of personal caffeination increased when the phone rang again. This time it was my 10 email capable wireless internet tethering Blackberry that I had patched into my own laptop.
"Hi, Tom McCarey," I crooned into the phone. It was an agent I didn't know wanting to schedule a showing of one of my condo listings at the last minute. Knowing that my clients were out of town and that they kept the place ready to show at a moment's notice I told her I would meet her in front of the property.
I wanted to grill her - how long has your client been looking, how many places have you seen, how many places have you seen today, what's the timeline, the motivation, is your client thinking there's a "deal" or is your client reasonable.
Sure, it could be the same thing Moses and I had spent the last half hour mulling over. But then again, you never know who you might meet.
By the way, Sunday's opens include:
856 N Paulina from 11a-1p (East Village condo) and 2214 W Cullom from 2p-4p (Lincoln Square new construction single family home).
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