Housing economy

Chicago Real Estate Blog

March 26, 2019

The Best Streets for Luxury Real Estate in Chicago are Found in Lincoln Park and the Gold Coast

There are streets around the world that you know by name—Bourbon Street, Rodeo Drive, Madison Avenue. These blocks have gained notoriety thanks to rich history, acclaimed architecture and notable destinations. In real estate, there are also buzzworthy blocks, known simply for being a hub for high-end properties. Chicago has its own brand of city-famous streets […]
March 5, 2019

The 10 Most Important Things To Help Sell Your Chicago Luxury Home In 2019

As we head into 2019, luxury real estate may be poised for a bit of a softening. In Chicago and other major areas, numbers indicate that the supply of luxury homes is outpacing demand, causing a slowdown in the market for high-end real estate. At the same time, the cost of luxury living in Chicago […]
March 1, 2019

Luxury Chicago Condo in the Fordham is a Modern Aficionado’s Dream Home

While Chicago has much to offer in the way of architecture and design, a pure modern aesthetic isn’t as prevalent in real estate—which makes this luxury condo in the Fordham ultra-unique. This, 3,700 square foot, penthouse-level condo was renovated and designed for the most discerning modernist in ways that showcase its 180-degree views and deliver […]
December 14, 2018

Luxury Chicago Single-Family Sales in November Take a Dive

‘Tis the season for real estate to start seeing its typical slowdown, and we certainly saw that in November as the Chicago weather moved straight into winter temperatures. But if you can handle the turning of the seasons, this time of year is a great one for buyers to get a real estate deal. I […]
December 14, 2018
2550 N Lakeview Lincoln Park

Luxury Chicago Condo Sales Down Considerably in November

Chicago luxury real estate has largely thrived in 2018, as we’ve reported with each month’s recap. But, the seasonal shift in the market became apparent in November sales, which saw just 33 sales of luxury condos (those sold for $1 million-plus). Sale prices of Chicago condos in November went all the way up to $6 […]
October 31, 2018

Chicago Luxury Single Family Home Market Continues To Be Strong In September

Whether it’s the time of year or the market experiencing a slow down, luxury real estate is slowing down in many parts of the country. But here in Chicago, the high-end market is certainly holding its own, as evidenced by the fact that 14 homes closed for more than $2 million in September. The top […]
October 21, 2018

Chicago New Luxury Construction in Prime Locations on a Tear in September

Even as we close in on the end of the year, the luxury real estate market doesn’t seem to be going into hibernation. New and newer luxury condos sold at a fast pace in September, which seems to be an anomaly compared to many other major cities in the U.S. Chicago continues to be one […]
October 2, 2018

Bigger is Better in August’s Single Family Luxury Home Sales in Chicago

As the saying goes: “Go big or go home.” Luxury home buyers in August did both, as the top homes sold during the month each stretched over impressive square footage and lot sizes. The most expensive sale for August sits on not one, but three oversized city lots. It’s clear that home and lot size […]
October 2, 2018

Chicago Luxury Condo Sales Were Sizzling in August

Summer weather brought the heat during the dog days of summer—and so did the Chicago luxury real estate market. The hottest building in the city was new construction darling 9 W Walton, which occupied 7 out of 10 of the most expensive sales for the month. August is typically a slow month for real estate […]
September 18, 2018

The 5 Most Expensive Luxury Homes in Chicago Sold In July Were On Larger-Than-Standard Lots

The luxury market for single-family homes continued to move in July, though the price range has tempered a bit compared to what we’ve seen in recent months. July’s sales were largely in the $3 million range, whereas the top sales for much of early summer ranged from $5 million all the way up to $8 […]
April 4, 2012

Chicago Real Estate May Be Close To Hitting Bottom in 2012

Buyers, sellers, and realtors alike have kept a close eye on the Chicago real estate market in the last couple of years, waiting for a sign that recovery is on its way. One factor that plays into this is home prices–everyone wants to know when they’ve reached the lowest point so that they’re getting the […]
March 27, 2012

Chicago Real Estate Poised for Recovery in 2012

If you’re in the market to buy or sell a home in Chicago, chances are you’ve been following Chicago real estate news for the past few years–the ups, the downs, and all the predictions of what’s next. Because of our early spring and the unusually warm weather, I am seeing a lot of potential buyers […]
December 8, 2010

Chicago Real Estate Numbers Could Rise with Increase in Area Employment Trends

Several large companies have announced recent expansions and hirings in the Chicago area, and the rise in employment opportunities could mean a rise in the area’s Chicago real estate numbers as well.
October 29, 2010

Should I Purchase Chicago Real Estate In 2010—Or Wait?

The Chicago real estate market has endured a lot of ups and downs this year—and with each new report, the market is picking up, slowing down, or not moving at all. Lots of potential buyers are left wondering if this is the time, if the time already passed, or the best buyer’s market has yet to come.
March 5, 2010

Anticipating Mortgage Rates for Chicago Luxury Real Estate

With the housing market showing signs of recovery and increased speculation about rising interest rates, prospective higher-end buyers may want to consider pulling the trigger on that purchase of a Chicago home. The banking industry is bracing for a potential rate hike anywhere from 2 to 4 percent during the course of the next 12 […]
February 23, 2010

Downtown Chicago Real Estate Sales Picking Up Among Condos

For those who have been on the fence to purchase a new downtown Chicago condo, now may be the ideal time. While several buildings downtown are still being built, new construction downtown projects in Chicago have slowed down considerably, and not much is in the window for the foreseeable future. According to an article in […]
February 9, 2010

5 Critical Considerations When Buying A Chicago Real Estate Foreclosure

The Illinois Association of Realtors announced last month that December’s total home sales were up 20.1 percent compared to December 2008. The report marked the fourth consecutive month that sales were on the upswing—so is the Chicago real estate market looking up?
January 8, 2010

Hot Property for Buyers: A 3-Bedroom Chicago Condo

While there’s no shortage of good deals among Chicago real estate, there is one type of property that you might find at even more of a discount: the 3-bedroom Chicago condo. An article in November’s Chicago magazine said three-bedroom condos have been a tough sell in a down real estate market. The reason? Those who […]
October 22, 2009

Luxury Chicago Homes Are Still Selling

It’s no secret that real estate has been a bit topsy-turvy. But the good news is that Chicago homes are still selling – particularly high-end properties in coveted neighborhoods like Gold Coast, Lincoln Park and Lakeview. In today’s Chicago real estate market, these high-end homes go from anywhere from $2 million up to $15 million. […]