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!
9 West Walton Street 2701
$6,500,000
- 3 Beds
- 4 Baths
- 4,500 SqFt
Rarely Available Half Floor Home With 750sf Double Terrace In The Gold Coast's Most Coveted Build...
159 East Walton Place 23a
$6,495,000
- 3 Beds
- 4 Baths
- 5,400 SqFt
Encompassing An Entire Premier Floor Within Chicago's Iconic Palmolive Building, High Above The M...
401 North Wabash Avenue 86a
$6,000,000
- 4 Beds
- 6 Baths
- 4,029 SqFt
Spectacular Penthouse Unit On The 86th Floor, Designed By The World-renowned Architect Adrian Smi...
401 North Wabash Avenue 29ab
$6,000,000
- 4 Beds
- 5 Baths
- 4,368 SqFt
Indulge In The Epitome Of Sophistication With This Unparalleled Fully-furnished Trump Tower Resid...
1451 North Astor Street
$5,995,000
- 6 Beds
- 8 Baths
- 8,600 SqFt
Turn-of-the-century Chicago Architecture, Estate-like Living In The Gold Coast, An Abundance Of M...
270 East Pearson Street 701-801
$5,900,000
- 5 Beds
- 8 Baths
- 6,860 SqFt
Enjoy Breathtaking Views Of The Lake, City, Navy Pier, And Lake Shore Park From This One-of-a-kin...
30 West Oak Street 23a
$5,500,000
- 2 Beds
- 3 Baths
- 4,300 SqFt
This One-of-a-kind 3/4-floor Home At 30 W Oak Offers 4300+ Square Feet Of The Most Luxurious Livi...
53 East Bellevue Place
$5,350,000
- 4 Beds
- 6 Baths
- 6,500 SqFt
Chance Of A Lifetime To Live In A Gorgeous Single Family Home On Bellevue. Walking Distance From ...
800 North Michigan Avenue 3501
$5,250,000
- 4 Beds
- 4 Baths
- 5,250 SqFt
This Extraordinary, Elegant Residence At Park Tower Stands As A Testament To Sophistication And G...
1515 North North Park Avenue
$5,200,000
- 7 Beds
- 6 Baths
- 8,400 SqFt
- 0.06 Acres
Significant Mansion Is Situated On The Premier North Park Avenue In The Heart Of The City's Old T...
9 West Walton Street 1701
$5,200,000
- 3 Beds
- 4 Baths
- 3,665 SqFt
Sleek And Contemporary 3 Bedroom Home For The Most Discriminating Buyer. This Condo Has It All -...
159 East Walton Place 18a
$5,200,000
- 3 Beds
- 4 Baths
- 4,984 SqFt
This Exquisite, One-of-a-kind Half-floor Home At The Iconic Palmolive Offers Luxurious Living And...