Chicago Luxury Home Sales HOT in Early February

Posted by Leo Clark. on Sunday, February 9th, 2020 at 1:07pm.

The luxury home market in Chicago was anything but robust for much of 2019. But after a slow start in January, several high dollar home sales in early February have many of us optimistic about how the 2020 spring market will play out.

As highlighted by The Real Deal, Chicago’s top 5 residential sales from January 31st to February 7th sold for a combined $16.4 million with a sprawling five-bedroom home in the Gold Coast leading the way at $5.45 million.

The other four sales, all single-family homes, include a jaw-dropping, 7,000 square foot home in Old Town priced at $2.8 million, an 1896-built historic home in Lincoln Park also with a $2.8 million price tag, a six-bedroom Logan Square home at $2.5 million, and another ultra-modern Logan Square residence that sold for $2.85 million

According to The Real Deal, luxury home sales haven’t grossed that much since mid-October.

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