March 25, 2016
Perhaps it was the winter doldrums or some overlapping effects from the volatile stock market, but Chicago luxury home sales in February were well, “just OK.” Just 26 luxury homes (those sold for more than $1 million) closed last month, totaling $46 million. More than $8 million of that was a single double-lot property that […]
March 18, 2016
Given that the last decade of real estate across the country has had it’s ups and downs, it’s important that home buyers consider the “big picture” when thinking about a home purchase. That means not just evaluating what’s right in front of them—the current sale price. Sure, that’s the number that’s right in front of […]
September 22, 2015
Whether moving from a house to an amenity-full condo building or swapping the suburbs for the city, there are plenty of reasons my clients find themselves in the market for a Chicago luxury condo. And with a condo search almost always comes this requirement: plenty of space. Even if they are downsizing, I find that […]
December 22, 2014
While last month’s sales numbers certainly showed signs of a seasonal slowdown, sales for luxury homes held relatively steady in November, especially considering the arrival of snow and the start of the holiday season—two things that typically contribute to near radio-silence on the real estate market. But sales didn’t stop entirely, and November saw a […]
May 19, 2014
For the second consecutive month, cash buyers were the stars of the show when it came to luxury Chicago condo sales. Four out of the top five most expensive homes sold were bought with cash, something sellers should certainly take note of. April’s condo sales are further evidence that downtown Chicago is where buyers want […]
March 11, 2014
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 27, 2014
The right property for an art collector is often unique. It should be somewhat of a blank canvas, with high ceilings that allow for large-scale pieces; it should be a space that can protect pieces from bright sunlight; and many include architectural details that create spaces ideal for showcasing paintings or sculptural pieces. It’s also […]
January 30, 2014
If the real estate market was hot in 2013, then Chicago condos were on fire. Sales among luxury condos totaled $680 million. And of that number, nearly half of the sales volume came from just 15 buildings—clearly some of the most chic and coveted addresses in the city. So what is it that makes a […]
January 28, 2014
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 […]