Should Chicago bring the Olympics Home?

I’ve seen some very positive and fascinating statistics lately regarding cities that have previously hosted the Olympics.  Aside from buiding the Olympic Village and creating new infrastructure in a city to withstand the multitude of millions of people which will ascend upon the host city, having the Olympics in Chicago could to do so much for our city’s economy.  Not only will in create thousands of jobs, for the next several years, but perhaps for the years to come afterwards.

Consider this from a Atlanta Real Estate website:

“Atlanta experienced a growth of 1.3 million new residents following the Games, which created the need for $1.8 billion of new hotels, office buildings, high-rise residential buildings and entertainment venues which were developed between 1996 and 2006.

And Atlanta is no exception. Barcelona, touted as the most successful recent games, saw a 240 percent increase in new house prices prior to the Olympics. And in Sydney between 1994 to 2005, the boom in new apartments and rapid increase of house prices contributed to the growing tendency for people to leave the city (in fact, the Reserve Bank warned that Sydney had become too expensive in August 2005).”

 

Money magazine recently named Atlanta as one of the “top six places to buy a home these days.” Not bad for being in the mist of a record-breaking downturn that’s affecting real estate markets nationwide.

 

Is there a correlation between Atlanta’s strengthened real estate market following the 1996 Olympic Games and the fact that we’re fighting through the real estate downturn better than most large cities?

One point on post ceremony pricing is that you typically now have new infrastructure in place in Olympic areas that will continue to support future development.

So, let’s keep our fingers crossed that enough positive news will rise up that the Olympic committee sees that Chicago is most certainly the World stage and the perfect spot for the 2016 Olympic Games.  Look for more exciting and positive Chicago news to come in the following weeks.  For information about the current Real Esate market in Chicago or other locations around the country, contact us at kjpremier@atproperties.com.

 

 

Inside the Schroeders

Since Labor Day has come and gone, we have had a flurry of clients contact us to put their home on the market.  There are still many busy weeks left before that mad dash to Thanksgiving, and everyone is pleased to see the increase in activity.  The week has also greeted us with a nice drop in rates, to fall below the 6% mark once again! 

Our clients, Corey and Anna Schroeder agreed to walk us through their fabulous West Lakeview loft on the Northside of Chicago.  They tell us why they have loved living there, and some of the unique features that potential buyers may want to know about this unique, brick and timber loft.  As you will see from the buyer directed video, they have done many upgrades and definitely given it a lovely decorated look.  Please see for yourself! 

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For more information or to view this phenomenal Loft space in Chicago, please contact us at kjpremier@atproperties.com.   You may also view our professional photographs and a virtual tour of the home by clicking here.  Call now, as rates are favorable and there are some phenomenal properties out there!  Just look at the Schroeders!