Chicago real estate market

Chicago Real Estate Blog

December 5, 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. Here’s a […]
December 5, 2017

Chicago Luxury Condo Sales Resume with 11 Sales Over $2 Million in October

You might recall that as we headed into the fall months, Chicago condo sales were a bit of a question mark after a soft September. But looking at October sales, that month may have been an anomaly, as October bounced back with not only a healthy number of total sales, but several units in the […]
October 30, 2017

Sales of Chicago High-End Luxury Condos Take a Dive in September

If you’ve been following along in recent months of Chicago condo sales, you’ll know that the real estate market had a busy summer among high-end properties. Sales far and above $1 million and $2 million have been common as of late, and I might have expected more of the same as we closed out September. […]
October 30, 2017

Sales of Chicago Luxury Single-Family Homes Fall Dramatically in September

For much of this year, Chicago luxury home sales have been rather robust, even through the typically-slow summer months. But September was a totally different story from what preceded it. Not only have we seen healthy luxury sales (those $1 million and up), we’ve seen a surge in ultra luxury sales as well. Homes selling […]
September 15, 2017

Market Times for Chicago Luxury Home Sales Were Amazing in August

Just when you thought there would be a complete, expected slowdown for luxury home sales, it just didn’t happen in Chicago. Thus August, $1 million-plus homes sold at record speed, showing the pent-up demand for high-end real estate in the city. With a total of $89.6 million in sales, properties sold in as little as […]
August 30, 2017

Chicago Luxury Home Sales Focused on Ultra-Luxury in July

High-end real estate in Chicago kept pace with the weather in July: hot, hot, hot. Luxury-single family homes saw an incredibly strong month of sales, particularly on the very high end. Twelve of the $1 million-plus sales of single family homes were actually in the $2 million-plus range. And six of them were in the […]
August 25, 2017

July Luxury Condo Sales in Chicago Were Hotter than the Weather

When July sales statistics come in strong, it’s a clear sign that the Chicago luxury condo market is on a tear. Last month, total sales volume for luxury condos was $92 million. Thirteen of the 59 sales for the month fell into the “ultra luxury” category—selling for more than $2 million. Sale prices went all […]
August 9, 2017

Strong Luxury Chicago Condo Sales in June, with 13 Units Selling for Over $2 Million

We’re well into a strong summer for Chicago luxury real estate sales, and the high-end condos that sold in June show it. The month saw $107 million in total sales volume for high-end ($1 million plus) condo sales, and 12 of those properties closed at a price of $2 million or more. The most expensive […]
July 28, 2017

Chicago Luxury Most Expensive Homes Sold Quickly In June

Looking back at the Chicago luxury real estate market in June, there seemed to be a real need for speed. The top homes were off the market nearly as quickly as they were on—two of the most expensive properties sold within just 10 days of being on the market. So what has buyers closing deals […]
July 14, 2017

Luxury Home Sales in Chicago’s Lincoln Park Were on a Tear in May

When it comes to on-fire real estate in Chicago, Lincoln Park is where it’s at, especially if sales in May were any indication. Luxury home sales (those sold for $1 million or more) were very strong in May, with 82 homes sold for a total of $128 million in sales volume. The highest price for […]
December 13, 2013

Luxury Chicago Single-Family Homes Continue to Sell in November

November’s single-family luxury sales in the Chicago real estate market maintained their momentum, even as Chicago cooled off and snow began to fall. With 29 homes sold, 24 of them sold for just under $2 million, and total sales reached $51 million for the month. The most expensive sale topped $7 million—certainly one of the […]
December 12, 2013

Don’t Wait Until After Holidays to Sell Chicago Real Estate

With the holiday season in full swing, it’s easy to get swept up into the spirit and put your to-do list on the backburner for January 1. Many of our business minds are already in 2014, but I think it’s important to keep a close watch on the Chicago real estate market for the rest […]
November 4, 2013

The Best Time To Buy Chicago Real Estate

As we head into the end of the year, potential home buyers can rejoice—this is a great time to make a Chicago real estate purchase. After a few years of experiencing a buyer’s market, 2013 quickly changed to favor home sellers for much of the year. But I do think the pendulum will swing more […]
August 8, 2013

Connecting with Sellers is Key for Getting the Chicago Home You Want

This week we discussed the competition many buyers are facing when purchasing a Chicago home. Low inventories, rising mortgage rates and increasing prices have all contributed to putting more buyers into the game, leading to bidding wars and heavy competition in the market. If you find yourself in a bidding war, many buyers are taking an […]
August 7, 2013

Rules for Navigating a Bidding War in Chicago’s Hot Real Estate Market

This summer, we’ve seen a swift change in the game when it comes to Chicago real estate. Sellers have gained the upper hand, with low home inventories, a lift in prices and increasing mortgage rates all leading droves of buyers to lock down a deal as soon as they can. That unbalance between the number […]
August 2, 2013

Chicago Real Estate Trend: Getting Mom and Dad Involved

It’s not uncommon for new homebuyers to bring in a second opinion–parents, siblings, friends who have been through the process often weigh in at some point during the purchase process. But one thing I’m noticing more and more in Chicago real estate is that parents aren’t just helping their kids look for a property to buy, […]
July 17, 2013

New Day, New Rules: Navigating the Strong Chicago Real Estate Market

The Chicago real estate market is on a tear–which means navigating the road to a home purchase is changing quickly. The strengthening market means buyers and sellers alike need a new strategic approach. A few things have changed: Homes in sought-after neighborhoods are selling in a fraction of the time they were not long ago. […]
June 25, 2013

Purchase a Chicago Home Now as Rates are Creeping Up

As home prices and the number of sold Chicago homes continues to rise each month, another metric is moving on up as well: mortgage rates. The Wall St. Journal reported last week that mortgage rates rose above 4% for the first time in about a year. Rates hit 4.15% the first week of June, up […]
May 31, 2013
2641 N Wayne Chicago

Chicago’s 5 Most Expensive Homes to Sell in April Found in Lincoln Park and The Gold Coast

Looking at Chicago homes for sale that closed during April, there’s a slightly different trend than we saw in the month prior. Of the 33 closings on luxury properties, only three sales were over $2 million; 20 ranged from $1 million to $1.5 million, and 10 fell between $1.54 and $1.87 million. Buyers and sellers […]