Average Sales Prices Down For Chicagoland's Luxury Listings
Posted by Leo Clark. on Wednesday, June 10th, 2015 at 4:24pm.
While Chicago’s luxury real estate market seems to be red hot with several new condo developments in the works and a number of high-end apartment towers having just been completed in recent months, sales prices for Chicagoland’s top 5% of listings have actually dropped by about 3.9% from the first quarter of 2014 to $1.491 million. Although the price drop is relatively minimal, it’s also very intriguing given the bottom 95% of Chicagoland listings saw average sales prices jump substantially by nearly 12%, or to about $265,000.
The analysis, which was originally conducted by national real estate data company and brokerage Redfin, isn't all bad however when it comes to the Windy City’s luxury segment of the marketplace. In terms of the average days on market, the top 5% of listings around the Chicago area actually sat on the market 1 day less than listings in the bottom 95% in the first quarter of 2015, with luxury listings at 61 days on market and the bottom 95% of listings at 62 days on market.
So, are you ready to start searching some of Downtown Chicago's most expensive listings yet? If so, have a look at a few of the featured listings below, or start browsing all luxury Chicago real estate on the market here!
1,682 Properties Found. Showing First 12 Results.
3 West Burton Place
$15,750,000
- 6 Beds
- 13 Baths
- 20,002 SqFt
- 0.15 Acres
Ideally Located In The Heart Of The Gold Coast, Chicago's Most Iconic Home Is The Epitome Of Soph...
800 North Michigan Avenue Ph67
$15,750,000
- 6 Beds
- 8 Baths
- 9,250 SqFt
Unparalleled Views From The Park Tower's Crown Jewel That Will Impress Even The Most Discerning B...
451 East Grand Avenue Ph65
$15,170,000
- 4 Beds
- 6 Baths
- 7,582 SqFt
One Bennett Park Has Taken Its Place Among Chicago's Most Elite Residences. Designed By Robert A....
65 East Goethe Street 3
$14,400,000
- 7 Beds
- 11 Baths
- 12,435 SqFt
Chicago's Most Elite Residence. The Third Floor On Goethe Street Is The Pinnacle Of Sophisticatio...
14 West Superior Street 7300
$13,950,000
- 3 Beds
- 5 Baths
- 6,085 SqFt
Sold Before Print. Astonishing Full Floor Home With Breathtaking 360 Degree Views, Outdoor Space,...
209 East Lake Shore Drive 14
$13,900,000
- 7 Beds
- 9 Baths
- 12,250 SqFt
Chicago's Finest Residence Available For The First Time. This Incredible Combination Of Two Units...
500 West Superior Street 2703
$12,000,000
- 3 Beds
- 6 Baths
- 10,000 SqFt
An Unparalleled Opportunity Presents Itself With This Meticulously Crafted Penthouse, Masterfully...
363 East Wacker Drive 8801
$11,519,240
- 4 Beds
- 5 Baths
- 6,156 SqFt
Introducing The Sky 360 Residences Of The St Regis Chicago. New Luxury Residence, An Architectura...
65 East Goethe Street 3n
$9,900,000
- 5 Beds
- 7 Baths
- 8,045 SqFt
In The Heart Of The Gold Coast, 3n On Goethe Street Is The Pinnacle Of Sophistication And Eleganc...
14 West Superior Street 6700
$9,750,000
- 3 Beds
- 5 Baths
- 6,085 SqFt
Sold Before Print. Astonishing Full Floor Home With A Massive 841 Sf Outdoor Terrace, Balcony And...
14 West Superior Street 7200
$9,500,000
- 3 Beds
- 5 Baths
- 6,085 SqFt
Sold Before Print. Astonishing Full Floor Home With Breathtaking 360 Degree Views, Outdoor Space,...
159 East Walton Place Ph
$9,500,000
- 4 Beds
- 5 Baths
- 7,880 SqFt
Once In A Lifetime Opportunity To Live In The Iconic Duplex Penthouse In The Palmolive. This Unit...