A Closer Look at Chicago’s Luxury Condo Prices in Early 2018

Posted by Leo Clark. on Saturday, February 3rd, 2018 at 6:17am.

It’s a mixed bag for luxury condo prices in Chicago right now. While some buildings are selling for a higher price per square foot, others are down in price.

Perhaps one of the biggest names right now is Trump, and reports suggest the condos at Trump International Hotel & Tower are among those down in price. According to some published reports, the sale price per square foot within the Chicago River tower was down about 12-percent from 2016 to 2017. In comparison, reports list the average sale price per square foot in 340 On the Park, located in Lakeshore East, up about 12-percent during the same time period.

While some brokers suggest it could be a reflection of the Trump presidency, others suggest increasing completion from newer construction, luxury buildings in the Chicago area. That includes the new No 9 Walton, which is expecting its first residents to move in soon.

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