Chicago real estate market

Chicago Real Estate Blog

June 30, 2017

May Luxury Chicago Condo Sales Were All About Chicago’s Gold Coast

Chicago’s Gold Coast neighborhood is no stranger to luxury real estate, or the wish lists of high-end buyers. Nestled just blocks from the Magnificent Mile, residents of the Gold Coast are just blocks from everything they need: Shopping: The boutiques along Oak Street are of world-class caliber: Harry Winston, Hermes, Jimmy Choo and many other […]
June 12, 2017

Over-The-Top Kid’s Closets For Chicago Luxury Homes and New Construction

Luxury homes are no stranger to lavish master suites that include expansive dressing and vanity areas. But there’s a new suite in the house getting major design attention—the children’s closet. Homeowners are beginning to make investments into this oft-forgotten storage space to create a big-time closet design that combines a unique aesthetic and necessary function […]
May 22, 2017

Single-Family Luxury Homes Sell Well in April

Looking at the April numbers, Chicago’s luxury market sales are up, and I’d predict that the rest of spring should continue to be a “seller’s market.” Last month, 11 of the properties sold were in the “ultra-luxury” class, meaning luxury single-family homes that sold for $2 million up to $4.775 million. Of the top five […]
May 18, 2017

11 Upper Bracket Chicago Condos Sell in April

When I refer to the “upper bracket” of Chicago luxury condos, I am referring to properties that sold upwards of $2 million up to $4.2 million, as was the case last month with 11 upper bracket condos sold in this range. April’s sales certainly indicate that sales in the $1 million-plus market should be strong […]
May 17, 2017

The Future May Soon Be Here with Artificial Intelligence for Chicago Luxury Homes

We’ve all had these days: Returning home after too many hours in the office or on the road, hungry for dinner but lacking the energy to actually cook something. If only there were a machine that could do it for you… Those days could soon be a thing of the past, thanks to the June […]
April 17, 2017

Five Chicago Luxury Homes Sold for More Than $2 Million in March

March was a very interesting month for Chicago luxury real estate, particularly with single-family home sales. The top five sales all fell into the “ultra-luxury” category, selling for more than $2 million each. Time will tell if the surge of ultra-luxury sales is an isolated situation, or if it could be the beginning of a […]
April 12, 2017

4 out of the 5 Most Expensive Luxury Condos Sold for Cash in March

Last year when the luxury real estate market in Chicago was experiencing a major surge, it was common to see many homes being sold to cash buyers, even into the ultra-luxury, multi-million dollar price range. When the luxury market becomes competitive for buyers, cash is king for standing out to a seller as the buyer […]
March 28, 2017

Luxury Single-Family Homes Sales in Chicago Weaker in February

For buyers who were ready to make a purchase last months, deals were certainly to be had. Looking at the February sales for luxury single-family homes in Chicago, it’s clear that sellers who have had their properties on the market for some time opted to sell at a reduced price and not hang on further. […]
March 28, 2017

Chicago Luxury Condo Sales in February Included Great Locations, Large Square Footage and Amazing Views

When I meet with a client looking to purchase a Chicago condo, a key part of our initial interview is to discuss their needs and wants when it comes to real estate. I most often find that clients are in search of specific locations, a minimum of 3,000 square feet of space, and amazing views. […]
March 7, 2017

Plenty of Chicago Luxury Condo Deals to be Had in January

Plenty of Chicago Luxury Condo Deals to be Had in January When it comes to purchasing Chicago luxury real estate, there are a number of variables that can help a buyer get a great deal. One of those is as simple as a page on the calendar: specifically, January. Obviously, January is one chilly month […]
May 7, 2013

Great Public School Districts are Helping Chicago Real Estate Move

There are certain names that the Chicago real estate market knows well: Trump. Elysian. Lake Shore Drive. These are names that go hand in hand with luxury living in Chicago. But these are the names that buyers are really getting excited about: Bell, Blaine, and Burley. Lincoln Park. Coonley. Ogden and Hawthorne. These are the […]
April 22, 2013

Boomers, Empty Nesters Seeking Downtown Chicago Real Estate

CNBC reported last week that Chicago real estate (downtown or in the surrounding area) is “booming”–that is, the Baby Boomer generation in particular is saying goodbye to the ‘burbs and hello to life in the city. There are a few reasons for the migration. First, Boomers are drawn to the dense areas of the city […]
April 18, 2013

Tightening Inventory, Improving Market Could Turn Luxury Real Estate in Seller's Favor

An increasing demand for luxury real estate in Chicago could quickly turn the market in favor of sellers, according to a recent report from the Institute for Luxury Home Marketing. National reports indicate strong sales in the luxury real estate sector along with shrinking inventories, which is leading to shortening times on the market for […]
March 21, 2013

February’s Most Expensive Chicago Luxury Condos Sold Have Elegance, Old World Charm

During the month of February, old-world panache was where it was at for the month’s Chicago luxury condo sales. Many of the 14 luxury condos (those priced at $1 million or higher) sold were vintage-style properties located in the elegant Gold Coast neighborhood, an area favored in the city for its tree-lined streets, upscale vintage […]
February 15, 2013

Coulda, Woulda Shoulda: Don’t Wait to Buy Chicago Real Estate

For the 10th consecutive month, the average home price across the country has increased, according to the February REAL Trends Housing Report. New and existing home sales were also up from the prior year. These are solid increases that point toward a stable recovery in the housing market. This means something for the potential real […]
January 30, 2013

Chicago Real Estate Market Poised to be Different, Stronger in 2013

As we move further into the new year, buyers, sellers and realtors alike are keeping a close eye on end-of-2012 numbers and what is projected for 2013. The Wall St. Journal reported last week that U.S. existing-home sales rose to their highest annual level in 2012 (the highest in five years), marking the largest annual […]
November 27, 2012

Cool Downtown Chicago Condo Priced $60k Below Developer’s Same Unit

When it comes to downtown Chicago condos, the location often can’t be beat. Living in the heart of the city puts you in the center of it all, and if you’re looking for a virtually-new building with an unbeatable downtown location, it’s The Legacy at 60 E Monroe. This elegant building is the newest one […]
November 1, 2012

Now is Certainly the Time to Purchase Chicago Real Estate

In an industry like real estate, which can be as unpredictable as the stock market and have its share of ups and downs, I’ve seen a number of buyers say the words that put hindsight at 20/20: could have, would have, should have. We can never know if the “perfect” window for purchasing real estate […]
October 30, 2012

28 Luxury Chicago Condos Sold in September for a Total of $47 Million

Last month’s condo sales in Chicago continued to hold ground during summer’s end, with sales of luxury condos (those priced at $1 million or higher) totalling $47 million, with 28 units sold. A few things we continue to see among luxury condos include ample square footage, buildings with top-of-the-line amenities and new construction properties that […]