Housing economy

Chicago Real Estate Blog

September 12, 2018

The Best Of The Best Chicago Luxury Condos Closed In July

July was another banner month for the latest darling on the Chicago luxury condo market: 9 W Walton. This new construction building has been wooing buyers for the last several months, often among the highest priced sales in the luxury market. In July, 9 W Walton took 3 of the top 5 spots for most […]
September 7, 2018

On the Market: One-of-a-Kind Contemporary Luxury Condo on Penthouse Level in Chicago’s Near North

Sophisticated, contemporary and carefully curated, this 3 bedroom, 3.5 bath unit at The Fordham is a paradigm of modern luxury living for the discerning modernist. The 3,700 square foot penthouse-level condo was renovated and designed to showcase its pure modern aesthetic, its 180 degrees of sweeping views and lengthy list of extraordinary features. Address: 25 […]
July 31, 2018

Chicago Luxury Condo Sales Were Awesome In June

June continued to show strength in Chicago’s ultra-luxury condo market, with 13 sales topping $2 million. And five of those sales were over $5 million, including the most expensive closing of the month—a raw penthouse space atop the Ritz-Carlton Residences. The trend we continue to see among luxury condo sales is that the top sales […]
July 30, 2018

Chicago Luxury Home Sales on a Tear in June

The Chicago luxury home market hasn’t show signs of slowing down, and June was no exception. The month saw 75 closings on luxury single family homes (luxury defined as a closing price of $1 million or higher) for a total sales volume of $128 million. And for the ultra-luxury market (sales prices of at least […]
July 14, 2018

10 Chicago Luxury Homes Sold in May for More than $2 Million

Summer might have just been getting started, but May was one hot market for Chicago luxury real estate. The month saw 81 sales of luxury homes (sold for more than $1 million) for a total sales volume of $120.5 million It’s no surprise that the top three most expensive sales were in Lincoln Park, two […]
July 12, 2018

May Sales Report: An Amazing 14 Chicago Luxury Condos Close for More Than $2 Million

The ultra-luxury market is alive and well this summer, with new construction properties popping up alongside some of the city’s most iconic, established buildings. In May, total sales volume was more than $100 million, with 8 Chicago condos closing at a sales price over $3 million. The most expensive condo sold in May was in […]
May 20, 2018

The Name to Know From Chicago Luxury Condo Sales in April: 9 W Walton

The new construction luxury market is alive and well, as April’s condo sales made clear. Sales were strong last month, with a healthy number of ultra-luxury prices. Eleven properties closed for more than $2.5 million. For the luxury buyer, a high price point of several million is not an issue for the luxury buyer when […]
May 15, 2018

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 […]
May 4, 2018

New Construction Condos at 9 W Walton Accounted for Nearly Half of the $2M-Plus Closings in March

Looking at each month’s condo sales, we can generally see some common denominators or indicators of what’s to come in Chicago real estate: a trend that buyers are gravitating toward, a hot neighborhood or even negotiating tactics between buyers and sellers. And March’s closings definitely point to something worth watching in Chicago real estate: 9 […]
April 1, 2018

February Closings for Luxury Chicago Condos Were All About Square Footage

Square footage is something I bring up with my clients a lot. Whether you’re moving into the city from the burbs, or are a recent empty nester, buyers are often drawn to the convenience of amenities, services and location of a Chicago downtown luxury condo—but they don’t want to sacrifice space and square footage to […]
September 24, 2009

Buying A Chicago Home? Follow These Steps If You Want To Close The Deal

It isn’t news that the economy is down, or that banks are being very tight with lending. But it may come as surprise to know that most banks will look for any reason not to close a deal—so don’t give them one. If anything deviates from the norm, some mortgage lenders are quick to delay […]
September 18, 2009

Downtown Chicago Real Estate Trends

By Gail Lissner Are buyers returning to the Chicago condo market? While the sales volume continues at very thin levels, there has been a recent uptick in sales activity as prospective buyers are sensing that pricing has now reached levels which are rather enticing. With the discounted pricing now being offered by sellers in the […]
September 9, 2009

Chicago Real Estate Market To Be Affected By New Loan Disclosure Rules

Closing on a piece of real estate can be a wonderful feeling, especially if you’re buying in Chicago. But those feelings of joy are often dampened by the hidden costs and fees that come with closing a deal. However, according to Realty Times, in an attempt to prevent such an occurrence, the Federal Reserve Board […]
August 24, 2009

Sell Your Chicago Home Faster With Staging

It’s a rare occasion when I recommend a specific person’s services, however, a recent experience has prompted me to do just that. I was always told that if you stage a home, it will sell faster. But throughout my 20 years as a luxury Chicago real estate agent, I never saw the value in it—until […]
August 3, 2009

Getting a Fair Appraisal For Your Chicago Home

When selling or refinancing your Chicago home or Chicago condo, nothing is more important than the appraisal. In this economic climate prices have dropped tremendously, but don’t let your home be undervalued. As originally reported by Money Magazine, below are five tips to insure your home is being appraised accurately before you sell or refinance. […]
July 21, 2009

Chicago's Lincoln Park Not Immune to Recession, But Remains Hopeful

Lincoln Park: one of Chicago’s best neighborhoods. Many flock to this community because of its restaurants, parks, shopping, nightlife, entertainment—and booming Chicago real estate market. Yet as Fox Chicago’s Mark Saxenmeyer reported last Thursday, this high-end neighborhood isn’t immune to recession. Although the troubles facing Lincoln Park aren’t as bad as the rest of the […]
July 16, 2009

Buying Chicago Real Estate: Obtain Statistical Data By Zip Code

Moving is tough, especially in an urban city. There are many factors that come into play when looking for a potential real estate investment. Researching the pros and cons of a particular neighborhood can take hours, and some of the information isn’t easy to come by. Instead of spending precious time googling and creating spreadsheets, […]
July 2, 2009

Staying Conscious of the Current Market: Buying a Chicago Home

Despite recent depreciation of Chicago home values and recession-induced foreclosures, new data shows that the housing market is looking up. While many individuals continue to struggle with mortgage rates and payments, efforts from the loan industry combined with recent market figures indicate a not-so distant light at the end of the tunnel. The market, which […]
July 2, 2009

How to Get a Chicago Real Estate Deal

Since the real estate market downturn, pundits and real estate agents alike have been encouraging buyers who are able to buy real estate right now. However, getting the best deal in the current economic environment requires a plan, otherwise you may not be able to maximize your negotiation potential. To negotiate the best possible deal when purchasing a piece of […]