chicago condos Latest News

I’ve made the comparison before between the real estate market and the stock market–while we think of the latter and being able to turn on a dime, the real estate market can certainly do the same.

Although the luxury Chicago real estate market is continuing to charge forward, the month of March saw 27 luxury homes sold, with prices ranging from $1 million up to $2.5 million.

March was good to Chicago real estate, with Chicago Magazine just declaring it an “awesome” month for the market.

An increasing demand for luxury real estate in Chicago could quickly turn the market in favor of sellers, according to a recent report from the Institute for Luxury Home Marketing.

As we move further into the new year, buyers, sellers and realtors alike are keeping a close eye on end-of-2012 numbers and what is projected for 2013.

Walking into Chicago’s Trump Tower is an experience unmatched by other condo buildings: from the attentiveness at the valet, to the elegantly appointed lobby, to the concierge services available to handle every whim of the building’s residents.

I’ve said before that, despite the volatility in real estate markets across the country, luxury real estate in Chicago has done relatively well holding its own.

Sales for Chicago luxury real estate continue to be good, with 43 luxury condo apartments sold during the month of December.

During the last few years of a volatile real estate market, there hasn’t been much upside to selling your Chicago home–buyers have had the upper hand, negotiating to lower prices and getting great deals in fantastic locations.

The reports are in for Chicago luxury condo sales during the month of November, and they are a bit surprising.

As 2012 winds down, many are looking to forecast where the year ahead may take the economy. The good news is that 2012 has shown good signs for high-end real estate, with luxury homes and luxury condos moving on the market and moving up in price.

Last month’s condo sales in Chicago continued to hold ground during summer’s end, with sales of luxury condos (those priced at $1 million or higher) totalling $47 million, with 28 units sold.

For buyers who are interested in luxury Chicago real estate, there’s always one great place to start: Look at previous sales.

Chicago isn't short on options when it comes to luxury real estate in the city. But choosing the right home doesn't always mean finding the one that's the most-buzzed about on the market.

One of the great benefits of living in luxury Chicago condos is the lifestyle that goes along with living at that address.

When you think penthouse, many of us picture the high-in-the-sky, ultra-luxury condos that come with a several-million dollar price tag. And yes, penthouses like those are certainly highly coveted in the Chicago real estate market.

I’ve talked a lot about trends that we continue to see month to month in Chicago home sales–lot sizes, new construction, and noteworthy architecture are just a few of the common features found among the properties that are selling now.

Luxury real estate in Chicago is often all about the details–exquisite finishes, meticulous construction, and all of the “little stuff’ that helps set a property apart from others.

We continued to see a strong number of luxury home sales in Chicago last month, but a new trend shows that sales in July skewed toward lower-priced properties than we’ve seen in recent months.

If there’s something every Chicago real estate buyer loves, it’s finding a place with a view. Whether its a vista over Lake Michigan or a panorama of the enviable skyline, a property that towers above the city is something many buyers pine for.

I’ve talked a lot about the opportunities that await buyers in today’s market, and this Chicago condo for sale ranks near the top.

At the beginning of this year, there were a lot of expectations for Chicago real estate in 2012. And it’s been volatile–one week looking up, the next looking down.

For buyers looking to buy a home, there’s an old tactic of creating a list of features they’re looking for: those that are “must haves,” and those that are “nice-to-haves.”

With sales over $55 million during the month of May, luxury condos continue to move in the Chicago real estate market.

The numbers are in for luxury single-family homes that sold in May, with total sales just over $40 million and 26 homes sold.

Last month I was able to visit The Ritz-Carlton Residences, which had opened with five new model units designed by some of the most prestigious designers in the country.

The Ritz-Carlton Residences have been on the Chicago real estate radar for some time, and excitement is only continuing to grow as residents start moving in and begin a life of luxury in this one-of-a-kind building.

Living in downtown Chicago is urban living at its finest. It give you the ability to walk to just about any destination you’d like, puts you in the heart of a restaurant scene that ranges from take-out to five-star dining.

In the last month or two, the Chicago real estate market has definitely picked up–a sign that winter is behind us and that reports of a 2012 real estate recovery could be a very real possibility.

A vintage condo in one of Chicago’s most coveted neighborhoods has just been reduced in price by $25,000.

Luxury buyers in today’s Chicago real estate market certainly want something different from the standard cookie-cutter home

There’s no shortage of things to love about Chicago real estate. There are condo buildings that offer unbeatable views, top-notch amenities and services, and location that put you right in the heart of it all.

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.

It’s rare that a homebuyer has the opportunity to build a Chicago new construction home, let alone an enormous mansion of your dreams. Let alone a home that gives you access to a 1 ¼-acre private park.

We recently looked at the number of Chicago condo sales for the month of January, finding some common denominators among the types of luxury buildings that buyers are purchasing units in.

The numbers for real estate sales during the first month of 2012 are out, and showing several of the same trends seen in December and in my 2011 Chicago real estate recaps.

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

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

Looking at the numbers from last month’s luxury condo sales, December has once again proved itself to be a great time for homebuyers.

If you're looking to build a Chicago new construction home, it's important to find an architect who has the same expectations that you do.

I recently wrote about the different types of Chicago new construction properties and the nuances of each. As discussed in that post, the most involved type of new construction purchase is starting and building a home from scratch.

Looking back on a few posts from earlier this month on buying Chicago new construction, I took a closer look at what is required from a buyer and a realtor when purchasing a spec home.

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.

In my previous post, we took a closer look at the different options buyers have if they want to purchase Chicago new construction. The first is by far the biggest undertaking when it comes to purchasing a new construction home.

If you’re ready to start shopping for Chicago real estate, there’s something important to consider: are you looking for an existing home, or new construction?

I just returned from an open house for a Gold Coast home for sale and left with one word at the top of mind: Wow. Having been selling real estate for more than 24 years, it’s rare that I come across a property that is knock-me-off-my-feet exciting.

The reports for Chicago real estate sales in September have reported that 21 total Chicago luxury condos closed in September, with individual sales ranging from $1 million up to $4.05 million.

The numbers have been released for Chicago’s luxury home sales in September, and as usual, these were all properties that boast great locations.

For potential Chicago real estate buyers, there’s good news in today’s market: two key measures continue suggest that now is an excellent time to make a real estate purchase.

In today’s volatile economic market, it’s more important than ever to consider the future when purchasing Chicago real estate. Here are 20 important considerations when thinking about a property’s future resale value.