Chicago real estate market

Chicago Real Estate Blog

April 1, 2018

Luxury Chicago Home Sales Slow Down in February

Over the last several months, it hasn’t been uncommon to find a property or two on the top sales each month that I’d call “ultra luxury.” These are the homes that sell for $3 million up to $8 million, typically in Lincoln Park. February’s sales did not include a property like this, and it’s the […]
February 27, 2018

Flex Space Becoming Critical for Buyers of Chicago Luxury Homes and Condos

In luxury Chicago real estate, the design of a home is of the utmost importance. Sure, buyers can make their own changes in line with their personal aesthetics, but things like a smart floorplan or architectural design are generally major markers of a dream home no matter what. Because of that, the latest development in […]
February 27, 2018

Top Sales Closed in January: 3 Vintage Chicago Luxury Masterpieces, 2 Luxury New Construction

Looking at the luxury Chicago homes that sold and closed, the month of January was highly unusual. The top five sales were each extremely unique, including two brand-new construction properties along with three vintage architectural masterpieces which sold for major, major discounts. The three vintage homes are truly special properties—but for real estate like this, […]
February 7, 2018

Chicago Luxury Homes Closed in December Were on a Tear

Chicago luxury home sales hardly went on a winter break at the end of 2017. The month of December saw $107 million in total sales volume for homes sold for $1 million and up. And the ultra-luxury category showed healthy sales as well. During December, there were 18 deals made for more than $2 million. […]
February 1, 2018

Vista Tower: Newest Chicago Luxury Condo Building Expected to Be Iconic

Over the last few years, Chicago has seen a number of exciting new construction projects for luxury buyers—but it’s been some time since something as exciting as Vista has been on the horizon. This new luxury building is under construction now—but the anticipation for it is building even more quickly, as this is expected to […]
February 1, 2018

How to Close on a Chicago Luxury Home in a Bidding War

Picture this: You’re shopping for a home and finally find a property that is stunning, special and feels different from the rest. It’s perfect for you, and because you can picture yourself living in it already—well, it must be meant to be. Odds are, you aren’t the only one who feels this way about that […]
January 26, 2018

11 Luxury Chicago Condos Sold Between $2 and $3 Million in December

Considering the cold spell we’ve been having in Chicago, seeing the luxury condos that closed in December was a welcome surprise. During the month, a total of 61, $1 million-plus condos sold, reaching a total sales volume of $95 million. Twelve of those properties fell into the “ultra-luxury” category, priced between $2 million and $3 […]
December 31, 2017

November Luxury Chicago Home Sales Slowed Slightly

While luxury Chicago condo sales saw a strong November, single-family homes seemed to experience the seasonal slowdown we often see this time of year. But that doesn’t mean there weren’t some noteworthy sales: The highest-price property traded for $4.2 million, and the top five sales were all around $2 million or higher. The top five […]
December 29, 2017

Ultra-Luxury Chicago Condos Sell Well in November

When we checked in on Chicago condo sales at the close of September, the final quarter of 2017 was looking a bit unpredictable. The month saw relatively soft sales of high-end properties, but sales seemed to resume in October— and not move into the typical winter/holiday slump that November and December usually bring. But, November […]
December 28, 2017

Chicago Luxury Homes Sales Held Up in October with 8 Homes Sold for More Than $2 Million

Chicago luxury home sales seemed to perk up in October, especially when compared to the soft September that preceded it. October saw $58 million in total sales of luxury single-family homes, ranging from $1 million up to $7.5 million. Eight of the 33 luxury homes sold were over a $2 million price point.
November 30, 2014

Trend is Developing with Unusual Chicago Luxury Home Sales in October

The winter air isn’t the only thing moving through Chicago–luxury homes in October sold just as briskly, which is quite an unusual trend for late in the year and on the brink of winter weather. Luxury real estate in Chicago (homes priced at $1 million and higher) sold in staggering numbers last month, and a […]
October 2, 2014

Luxury Single Family Sales for August Hit Records

Much like condominium sales, luxury single-family homes in Chicago sold at a record pace in August, topping $110 million in a summer month that often slows down the real estate scene. Luxury homes are those priced at $1 million or more, though August saw over 13 homes sell in excess of $2 million, with the most expensive selling […]
May 13, 2014

Chicago is Becoming One of Two Hot U.S. Destinations for Purchasing Luxury Real Estate

When you own real estate around the globe, it’s fairly likely that at least one of those properties is in a posh market like New York, London or Hong Kong. But luxury real estate in these cities comes with a price. It’s not uncommon to find homes here in the neighborhood of $3,000 to $5,000 […]
April 10, 2014

Sellers are in Control When Negotiating a Chicago Real Estate Purchase

You know how the market goes: there’s a buyer’s market, and there’s a seller’s market. Not unlike the stock market, it waxes and wanes in either direction, which can make it difficult (if not impossible) to perfectly time a real estate transaction. We spent a good number of recent years with buyers holding the upper […]
March 31, 2014

Single-Family Luxury Home Sales in Chicago Down for February

We finally saw some of the typical winter slump among Chicago luxury real estate in February, specifically among single-family homes. Only 17 luxury homes–those sold at $1 million or above–closed in February, which was a considerable decrease from the 29 homes that sold the month prior. Total luxury home sales were just over $30 million […]
March 11, 2014

Up the 'Wow' Factor with a One-Stop Coffee Shop in your Chicago Luxury Home

When it comes to luxury real estate in Chicago, it seems the next big thing is always right around the corner—a smarter home technology, the trend du jour, or a device that promises to take luxury living to the next level. With home amenities evolving quickly, a walk-in closet or hardwood floor doesn’t quite cut […]
February 25, 2014

January Weather Was Icy Cold, but Chicago Luxury Home Sales Were Sizzling Hot

Much like last month’s condo market, Chicago single-family home sales paid no attention to the weather in January, bringing in another strong month with luxury sales (homes $1 million an up) totaling $55 million. About 1/3 of the homes sold were priced over $2 million, with the highest price sale coming in at $4.1 million. […]
February 21, 2014

A Luxury Chicago Home Requires An Understated Lux Master Bath

Contemporary Bathroom by Glen Ellyn Kitchen & Bath Designers Drury Design   When I work with a client on a new construction project, there are often a few rooms that require a number of important decisions when they’re being planned. Things like designing a kitchen for entertaining, an office that can convert into a playroom or […]
January 28, 2014

Chicago’s Luxury Single-Family Home Sales Were Gangbusters in December

The weather may have been cold, but the luxury home market was hot, hot, hot last month. The Chicago real estate market saw 43 single-family luxury homes (those priced at $1 million and higher) close for a total of $74.7 million. And those homes didn’t skimp on luxury. The most expensive home sale clocked in […]