This afternoon I plotted out all of the top Lake Shore Drive price reductions, foreclosures, and short sales listed on CondoShark.com. Use this Google Map to drill into each location to see price information and links to listings.

It's easy to keep up with price reductions by visiting CondoShark.com regularly, but it isn't a comprehensive view of the market. For that reason, Matt Garrison offers a "Deal Alert" service that lets buyers delve deeper into the best deals out there.

"Not all great deals can be measured by price reductions -- it's only one metric," Garrison says. "Several CondoShark Deal Alert subscribers have found great deals by registering with us, letting us know their criteria and working with us to take advantage of market conditions. We will publish these specific deals as they close from time to time."

CondoShark tracks distressed properties in the Bucktown, Gold Coast, Lake View, Lincoln Park, River North, West Loop and South Loop neighborhoods, as well as in select North Shore villages.

Matt Garrison's CondoShark.com tracks more than discounts on downtown condos -- it also keeps tabs on the city's single-family home market. If you know where to look, you can find a single-family home listed for 25 percent or more off its original list price. The two listed at CondoShark.com are:

Bucktown:

• 1837 N Marshfield Ave: Four-bedroom / 4.5-bath; was $1.05 million, now $749,900 (28.6% reduction)

• 2324 W Diversey Ave: Two-bedroom / one-bath; was $399,000, now $299,000 (25.1% reduction)

Posted 2/1/2010 by Joseph Askins

Matt Garrison's CondoShark.com tracks the biggest discounts on homes in seven Chicago neighborhoods and eight suburbs. This morning I browsed the suburban listings at Garrison's ShoreShark page and found these properties, which represent the five biggest discounts on North Shore homes. Click on the links below to see listings for these homes.

• 515 Kenilworth Ave in Kenilworth (above): Six-bedroom / 4.5-bath; was $1.99 million, now $1.09 million (45.1 percent change)
• 2710 Greenleaf Ave in Wilmette: Six-bedroom / six-bath; was $828,900, now $475,000 (42.7 percent change)
• 5 E Laurel Rd in Lake Forest: Eight-bedroom / 7.5-bath; was $6.6 million, now $3.99 million (39.4 percent change)
• 467 E Illinois Rd in Lake Forest: Four-bedroom / three-bath; was $1.24 million, now $789,000 (36.8 percent change)
• 1005 E Illinois Rd in Lake Forest: Three-bedroom / three-bath; was $2.8 million, now $1.79 million (35.9 percent change)

Find more information about price reductions, foreclosures, and short sales in Chicago and beyond at CondoShark.com and ShoreShark.com.