Chicago Luxury real estate

Chicago Real Estate Blog

July 26, 2016

June was an Amazing Month for Ultra-Luxury Chicago Home Sales

There was certainly no summer slump to be seen among Chicago luxury (and ultra-luxury) home sales in June. Last month, there were $158 million in sales volume for luxury single-family home sales, with sales ranging from $1 million all the way up to $4.8 million. Luxury buyers are noticing that with interest rates being historically […]
July 21, 2016

Due Diligence is a Must When Purchasing New Construction

Now that new construction real estate has made a comeback throughout the U.S. and in Chicago, brand-new properties are understandably some of the most coveted properties on the market. But the rise of new construction and the costs associated with it has led to some developers cutting corners to maximize their margins. That means, rather […]
July 8, 2016

Chicago New Construction Condo Sales Back In Force In May

Chicago’s Gold Coast were at the top of the list for condos sold in May; and one particular standout building was the brand new building at 4 East Elm. Total Chicago luxury condo sales in May were $88.5 million with 53 luxury condos sold. Three out of the top five most expensive condos sold last […]
June 29, 2016

Outstanding Chicago Luxury Home Sales in Lincoln Park for May

There was a clear star of the show when it came to last month’s luxury home sales in Chicago—and it goes by the name Lincoln Park. This was the neighborhood that had the majority of most expensive home sales, ranging from $2.59 million up to $4.1 million. It appears that high-end home buyers are flocking […]
May 25, 2016

Chicago Luxury Home Sales in April Were Unusual, with 10 Sales Over $2 Million

Spring typically brings good signs to the real estate market, and we certainly saw that in last month’s luxury home sales. Property values in the luxury market are on the upswing, a fact that becomes all the more apparent looking at last month’s single-family luxury home sales. In April, 62 homes sold for more than […]
May 23, 2016

New Article: Parents and Real Estate Considerations

Spring is the time of year when the real estate market always picks up and stays pretty steady until mid- to late fall. It’s not just the nicer weather, but many buyers find it easier to move or relocate during the summer when their children out of school. That’s just one of many things parents […]
May 20, 2016
Waldorf Astoria Chicago

Unusual April Sales for Chicago Luxury Condos: 13 Sold Over $2 Million

My monthly recap of the top luxury real estate sales in Chicago include those properties that sold for more than $1 million, and most of them fall between there and $2 million, with perhaps a few that sold upwards of that. But this April was a bit unusual, with ultra-luxury units accounting for a large […]
April 28, 2016

Luxury Condo Chicago Sales in Chicago Lower For March

Although luxury condos didn’t move as quickly as they have in recent previous months, sales in March did not disappoint, with 6 sales that exceeded $2 million and went all the way up to $4.65 million. There were just 8 luxury sales total (those units sold for more than $1 million) but total sales volume […]
April 25, 2016

Two Highest-Price Luxury Homes in Chicago Sold on Burling and Orchard Streets

Spring is moving in quickly, and its effects on real estate were seen clearly in Lincoln Park last month. March’s sales of single-family homes were comprised of 47 luxury homes (those sold for $1 million or more) for a total volume of $85 million. That’s nearly double of the sales we saw in February, which […]
March 31, 2016

East Lake Shore Drive Co-Op is February’s Most Expensive Luxury Real Estate Sale in Chicago

Similar to last month’s single-family luxury home sales, February was a quieter month for luxury Chicago condo sales. Twenty-six luxury units (those sold for more than $1 million) sold, for a total sales volume of just under $40 million. Looking at the top five most expensive sales, there was certainly a mix of things happening […]
February 17, 2012
Park Hyatt Tower Chicago

256 Luxury Chicago Condos Sold in 2011 Totaling $444 Million

Last week we took a closer look at luxury Chicago real estate sales for detached homes in 2011, which totaled more than $350 million with more than 200 homes sold. Here, I want to dig deeper into the top 20 sales for Chicago luxury condos in 2011—in this statistic, luxury condos range in price from […]
February 7, 2012

Chicago Luxury Real Estate Sales Totaled More than $350 Million in 2011

As we push forward into a new year, it’s important to take a retrospect on the Chicago real estate market. While some areas still reported a dismal year for 2011, luxury real estate in Chicago continued to sell—more than 200 homes priced at $1 million or higher sold in the city of Chicago for a […]
January 23, 2012
Chicago condos in Trump Tower

18 Chicago Luxury Condo Sales Closed in December Totaling $38 Million

Looking at the numbers from last month’s luxury condo sales, December has once again proved itself to be a great time for homebuyers. As I constantly remind clients, the time frame from November 24th to the end of December (before January 1st) is probably one of the best times to go shopping for a luxury […]
December 15, 2011
Rtiz-Carlton Residences Chicago

The Ritz-Carlton Residences Slated to be A Trophy Condo Building in the Chicago Real Estate Market

  As construction on The Ritz-Carlton Residences, Chicago, marches on, more and more people are talking about the magnificence that this highly anticipated building will have once completed. The building was featured last week on HGTV’s House Hunters, highlighting the unbeatable views. House Hunters also emphasized that The Ritz-Carlton Residences will be a building for […]
November 1, 2011
2225 N Lakewood

4 Most Expensive Chicago Home Sales in September Were In Lincoln Park

The numbers have been released for Chicago’s luxury home sales in September, and as usual, these were all properties that boast great locations. With 21luxury properties sold, totaling $39.6 million, 10 were in Chicago’s Lincoln Park neighborhood and 7 were in the nearby Lakeview neighborhood. Having a large lot size is one of the most […]
October 11, 2011
The View from the Park Monroe in Chicago's City Center

Downtown Chicago Luxury Condo Deals at the Park Monroe

This time of year, most of us have a lot on our minds. The holidays are fast approaching, we’re tidying up any end-of-the-year affairs, and winter is around the corner. But now through the end of the year is a great time to think of something else—making a Chicago real estate purchase. Why now? For […]
September 27, 2011
1425 N State Pkwy

29 Luxury Chicago Homes Closed in August, Totaling Over $51 Million

August sales of luxury real estate in Chicago surpassed those of the last few months, totaling more than $51 million in sales. During the month, 29 luxury homes sold—that is, those priced at $1 million and higher. August’s sales ranged from $1 million up to $5.780 million, primarily in the Gold Coast, Lincoln Park and […]