Rising mortgage rates have been the big story in real estate this year. However, buyers are still in the market, adjusting to the “new normal” and confident their dream home is within reach. National mortgage lender – and @properties Christie’s International Real Estate strategic partner – Proper Rate, notes that thoughtful planning and a wide range of available loan products can help buyers and sellers deal with the evolving market conditions.
Party guests tend to congregate in the kitchen, and this holiday season we’re all about an eye-catching spread worthy of the space it’s served in. An essential for any fete, the charcuterie board can be a stand-alone appetizer or the showpiece among an array of hors d’oeuvres.
We’ve laid out some creative ideas for putting your own board together along with quick catering options. And what better backdrop than a kitchen that accommodates the host and guests with an aesthetic as appealing as the snacks.
In many homes today, the dining room is the one room that is used the least. But as Thanksgiving approaches, the dining room takes center stage. Whether formal or casual, your dining room can complement the rest of your home and create a memorable and celebratory atmosphere. The dining rooms we’ve highlighted, along with the products and suggestions for your table, are worthy of the most discerning guests.
900 E. Ringwood Road N., Lake Forest, IL — $4,995,000
With carved walnut crown moldings and an equally intricate walnut mantle above the fireplace, this North Shore dining room is fit for royalty. It is just one of the many formal rooms perfect for entertaining large groups in this 11,700-square-foot estate designed in 1916 by the famed Chicago architecture firm Perkins, Fellows and Hamilton.
In the frenzied market of the past two years, few sellers felt compelled to hold open houses. But as the market slows, that age-old device is regaining popularity. An open house is a good way to showcase a home to multiple buyers and agents within a short period of time, getting exposure that often results in word of mouth and second showings.
You may have already decluttered and staged your home, but beyond the typical to-do list, here are a few other ideas that will leave a lasting impression on open house attendees.
While the real estate market has cooled off in recent months, 2022 will still be one of the best years on record for luxury home sales. From January 1 through late October, about 4,000 homes priced at $1 million and up have sold in the Chicago metro area*. That’s down about 3 percent vs. the same period in 2021, but it’s more than 35 percent higher than the full-year total for 2020.
The entry point to that market – $1 million, give or take – is incredibly diverse in Chicagoland. For example, $1 million will buy you a renovated, historic-single-family home in Wrigleyville, a newer five-bedroom home in Arlington Heights, or a well-appointed three-bedroom condo in River North. But what does it buy around the country? Through Christie’s International Real Estate, our global luxury network with Affiliates across the United States and around the world, we took a look at what you can get for $1 million beyond the Windy City.
It won’t be long before brisk fall days give way to overnight frost and freeze advisories. Avoid the potential toll a Midwest winter can take on your biggest investment by planning ahead and following these important tips for winterizing your home.
Protect Your Pocketbook
With energy prices skyrocketing, there’s never been a better time to make sure your home is well-insulated and properly sealed off from the elements. Screens should be removed and storm covers replaced over all windows and doors where appropriate. Additionally, caulk holes and openings around windows and doors to prevent cold air from seeping in. Whether hiring a professional or purchasing products from your local hardware store, various weather stripping and seals are available as additional heat loss protection methods.
In a blockbuster year for the upper-end housing market in Chicagoland, Crain’s Chicago Business reports there have been a record-setting 104 homes that have sold for $4 million or more in the first three quarters of 2022. Strong price appreciation over the past 2+ years has motivated sellers to list their homes. Meanwhile, luxury buyers have been undeterred by rising mortgage interest rates, often choosing to pay cash. Christie’s International Real Estate reported on this trend in its 2022 Luxury Trends Report, noting that high inflation and stock market volatility have also prompted affluent buyers to move money into hard assets like real estate.
While inventory remains historically low, luxury buyers from the city to the North Shore to the western suburbs still have plenty of options to take lavish living to the next level. Here is a sampling of what is currently available to upper-bracket buyers.
With Hispanic Heritage Month underway, @properties Christie’s International Real Estate is proud to observe this cultural tradition in our hometown of Chicago and beyond. Join us as we highlight six local artists who use their mediums to pay homage to the Hispanic community.
A Chicago native, Ruben Aguirre uses his talents on what he calls “underutilized infrastructure,” producing murals in the Chicago area, across the U.S., and abroad. His compositions aim to reference the socio-historical background of each site location while re-imagining public space, patterns, and color fields. In addition to exhibits at the Chicago Cultural Center and Hyde Park Art Center, his works have been commissioned for clients including Google and Adidas.
With one of the most iconic skylines in the world, Chicago is an exciting city for high-rise living. The recognizable architecture includes some of the most stunning condominiums and penthouses in the country, with sweeping views of the city and Lake Michigan. Whether a pied a terre or full-time residence, there are plenty of options when seeking quintessential city living. Here we showcase some of downtown Chicago’s preeminent high-rise listings.
Did you know that @properties Christie’s International Real Estate connects clients not only to the area’s finest homes but also to the world’s most coveted artworks and luxury objects? That’s because, as the owner of the Christie’s International Real Estate global brand and network, @properties has a direct relationship with Christie’s the world-leading auction house. So, we are able to offer real estate clients special access to auction, private-sale, and appraisal services. Whether looking to sell or acquire art, jewelry, watches, handbags, rare wines and spirits, furniture or other collectibles, this relationship provides another layer to the services @properties Christie’s International Real Estate clients enjoy.
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- The Time to Think Spring (Market) is Now
- At $1.62 Billion, Christie’s Visionary: The Paul G. Allen Collection Sets Record For The Most Valuable Sale In Auction History
- Staying Empowered Amid Higher Mortgage Rates
- Inviting Kitchens Where Guests Gather and the Appetizer That Keeps Them Coming Back
- @properties Christie’s International Real Estate Recognized With Two Chicago Agent Magazine Agents’ Choice Awards