Homes at this worth point are often situated along Lake Michigan — a couple miles from Jordan’s former house, she said. And there may be not a sturdy marketplace for such expensive properties normally. The home’s closest competitors in Highland Park is a $9.75 million residence on Crescent Court.
This is down from an estimated house price of $672,000 in 2018, based on Coldwell Banker. We’re working with more and more enterprise shoppers. I suppose that’s one other example where it’s very helpful for us to have Business Insider Intelligence with a longtime sales drive the place we absolutely work collectively on providing clients a seamless experience for lots of or thousands of subscribers at a time. It proves the worth of Business Insider Prime and shows that corporations depend on information our editorial team is providing them with. In any business, should you rely on a small number of revenue sources or one revenue supply, I suppose it’s the next risk enterprise.
I don’t see it as so much lower. One needs to be careful in relation to shown prices and precise paid prices.
Other former Chicago professional athletes have struggled to promote their houses at asking price in recent times. Scottie Pippen, Jordan’s longtime teammate, off-loaded his 10,000-square-foot Highland Park home for $2.25 million in 2018, down from the 2016 initial itemizing value of $three.1 million.
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When properties sit in the marketplace unmoved, like the Jordan property, a stigma generally develops around them, even if unfounded. “[Buyers ask] ‘Why has it been in the marketplace for thus long? What’s incorrect with it? ’,” Bowers stated. It’s a really different story in Highland Park.