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 […]
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 […]
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 […]
‘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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Potential buyers hunting for a deal among Chicago homes for sale may have more purchasing power than ever. One recent data report shows that the ratio of home prices to annual household income has dropped to the lowest level in 35 years—this is great news for buyers, but only if they’re prepared to take advantage of the opportunity.
According to World Business Chicago, there were 232 major commercial and industrial expansions that were announced, under development or completed in Chicago in 2010. So what does that have to do with Chicago real estate?
Ask me why a person should move to Chicago, and I can give you reason after reason, each one more promising than the last. Many Chicago residents and previous clients who bought Chicago real estate agree—Chicago just has something to it.
The Wall Street Journal had an article this weekend that picked the mind’s of 4 notable Chicagoans, each noting their favorite parts of the city. Put on the hot seat were Grant Achatz (chef/owner of 4-star restaurant Alinea); Reggie Love (personal aide to President Barack Obama); Nate Berkus (interior designer, talk show host and Oprah […]
ocated at 800 N Michigan Avenue, Park Tower is by far one of the most luxurious places to live—quiet and understated, but with a few steps inside, you can see and feel that the building seeps with sophistication and class.
Today is the last of a 3-part look into communities within downtown to help narrow down the areas and neighborhoods that are right for you when shopping for real estate in Chicago. River West: Part of the West Loop community, River West offers several options in Chicago condos, including loft conversions, renovated flats and townhomes. […]
Downtown Chicago isn’t simply “downtown,” but many subset neighborhoods and communities, each with its own offerings when it comes to buying Chicago real estate. That’s one of the great things about Chicago—if exactly what you’re looking for isn’t in one neighborhood, you can likely find it in the next. While there’s always some debate on […]