Gail Spreen-415 & 445 E N Water-February 2019

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55 East Erie | Chicago, IL 60611

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GAIL SPREEN 312.925.7 6 6 8 REALTOR® | NEIGHBOR Broker | MBA, Kellogg School of Mgmt.

Gail@StreetervilleProperties.com

REAL E S TAT E

415 | 445

MARKET REPORT

E. NORTH WATER STREET FEBRUARY 2019 Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2019

Get Current Listings, Market Activity, Home Valuations, and more instantly at:

www.ExclusiveRiverViewCondos.com

STREETERVILLE COMMUNITY UPDATES FusionPro

COMING THIS SPRING TO MOMENT, CHICAGO

COMING BACK TO THE NEIGHBORHOOD

545 N. M C CLURG CT.

OGDEN SLIP BY WINTER’S JAZZ CLUB

PRESENTED BY

GAIL SPREEN COMING THIS SPRING TO THE NEIGHBORHOOD

YO U R R E A LTO R ® A N D ST R E E T E R V I L L E E X P E R T

400 NORTH LAKE SHORE DRIVE New development plans being discussed,

445 E. ILLINOIS ST.

Sans Hotel!

P R E PA R E D E S P E C I A L LY F O R TRIBUNE CONSTRUCTION UPDATE m e d i t e r r a n e a n

g r i l l

FusionPro

The historic Tribune building will be converted to luxury condos. Sales start this spring.

www.ExclusiveRiverViewCondos.com

IGH

BOR & R

415 | 445

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E. NORTH WATER STREET

OR

YEARS OF REAL ESTATE SUCCESS

RIVERVIEW

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REALTOR® | Neighbor | Broker | MBA, Kellogg School of Mgmt.

Gail@StreetervilleProperties.com www.ExclusiveRiverViewCondos.com

YOU

G A I L S P R E E N | 3 12. 9 25. 7 6 6 8

ILLE E X

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ST

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EA

CURRENT MARKET ACTIVITY

600,000$ 2,250,000

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10 REASONS WHY JAMESON SOTHEBY’S IS BETTER

1

SOTHEBY’S INTERNATIONAL REALTY® BRAND

As real estate’s most trusted brand, our name alone opens the most prestigious of doors, creating opportunities and connecting affluent sellers and buyers worldwide.

3

SOTHEBY’S INTERNATIONAL REALTY® NETWORK

We are a member of a truly global, interconnected network. With over 900 Sotheby’s International Realty offices and 90 Sotheby’s Auction offices in major markets around the world, our network has closed over 17,000 referrals.

5

SOTHEBYSREALTY.COM

We have the #1 luxury real estate site in the world, which hosts only our properties and generates over 20 million visits annually.

Visitors spend an average of 12 minutes viewing our properties. Your property’s web page is also displayed on 140 Sotheby’s International Realty affiliate sites around the world.

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LISTING SYNDICATION

2

4

M E D I A S T R AT E GY & PA R T N E R S HI P S

The most read and respected media in the world choose to partner with us: NYT, WSJ, Apple, Architectural Digest, Bloomberg, and more. Leveraging these partnerships and showcasing our exquisite properties, our media plan reaches 1 billion potential buyers with the same clear message: visit www.SothebysRealty.com.

6

WE “OWN” PRINT MARKETING

IMAGINE. our monthly local publication, is mailed to 29,000 targeted real estate intenders and 1,500,000 copies are distributed in publications throughout Chicago, North Shore, and the Barrington area. To reach buyers from out of town, we run full page ads in the NYT, WSJ, Bloomberg Markets, and more, placing ads in 34,000,000 copies of publications distributed throughout the U.S., Europe, and Asia.

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Lynn Sage Cancer Research Foundation, Brain Research Foundation, and America’s Cup.

10

JAMESON COMMERCIAL

Take advantage of off-market investment opportunities and our comprehensive commercial real estate services: multi-family, retail, office, land, and industrial.

Senior Vice President of Sales Jameson Sotheby’s | Chair of Public Policy Chicago Association of Realtors Board Member Magnificent Mile Association | Board Member Streeterville Chamber of Commerce Board Member CityView Condominium Association | Chair Person Magnificent Mile Lights Festival for 2019

HOMES FOR SALE PRICE RANGE

9

HOME CONTINGENT

HOMES SOLD LAST 9 MONTHS

(PENDING ATTORNEY APPROVAL)

HOMES SOLD IN THE LAST 9 MONTHS STATUS

ADDRESS

BEDS

LIST PRICE

SOLD PRICE

SOLD DATE

SP/LP %

Sold

415 E. North Water St 2603

3

3.1

3,917

$2,290,000

$2,290,000

11/8/2018

100%

Sold

415 E. North Water St 2305

3

3.0

4,705

$2,750,000

$2,531,000

10/25/2018

92%

Sold

445 E. North Water St 1802

2

2.0

1,867

$1,049,000

$975,000

08/29/2018

93%

Sold

445 E. North Water St 2002

2

2.0

1,867

$889,000

$855,000

08/24/2018

96%

Sold

445 E. North Water St 2203

2

2.0

1,722

$1,125,000

$1,025,000

08/17/2018

91%

Sold

415 E. North Water St 2006

3

3.1

3,500

$1,890,000

$1,738,000

06/06/2018

92%

Sold

415 E. North Water St 2206

3

3.1

3,500

$1,890,000

$1,820,000

05/31/2018

96%

Sold

415 E. North Water St 1403

2

2.0

2,033

$1,429,000

$1,335,000

05/16/2018

93%

Sold

415 E. North Water St 2704

3

3.0

2,216

$1,485,000

$1,450,000

05/04/2018

98%

BATHS EST. SQ. FT.

2018 REVIEW OF SOLD HOMES

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Other companies rely on the MLS for listing syndication, which limits UNIQUE MARKETING INITIATIVES the number of photos and their size. Our listing syndication is powered Demographix: Targeting the most likely buyer for your home using by a proprietary system, which allows up to 50 high-resolution photos purchasing behavior, household demographics, and consumer interest and feeds to 18 of the top real estate sites in the world, 3 of which no information. Sky Tour: Complimentary helicopter tours for our other real estate company could deliver. We also provide reports that $1.5 million+ buyers. show how much exposure your property receives on each site.

WO R L D C L A S S PA R T N E R S HIP S

HOMES FOR SALE

ELITE AGENTS

We maintain the absolute highest standards for affiliating with agents, and based on average sales price, we have 46 of the top 200 agents in the nation.

1

$

TOTAL SALES

13

2017: 13

AVERAGE SALES RATIO

94.5% 2017 : 97.3%

AVERAGE SALES PRICE

1,547,615

$

2017 : $1,271,885

AVERAGE PRICE PER SQ. FT.

$

548

2017 : $571

AVERAGE DAYS ON MARKET

113

2017 : 116

Gail Spreen and Jameson Sotheby’s International Realty are not in any way affiliated with 415 & 445 E North Water Home Owners Association, nor is this in any way an official advertisement or publication of Streeterville. © 2019 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS between January 1st, 2017 through January 22nd, 2019. Listings and sales may not be those of Jameson Sotheby’s International Realty. The MRED MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause