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January 2016

Found 4 blog entries for January 2016.

Chicago Real Estate Stats

Now that we’re far enough removed from the year that was 2015, the numbers are in and we can start to get a clearer picture of how well the real estate market fared in certain locations in the city. According to recently released numbers from national real estate website Redfin, the top selling neighborhood in all of Chicago last year was the Near North Side, which had 2,780 homes sales overall, which includes condos.

Up on the north side, Lincoln Park was ranked as the third top selling neighborhood with just under 1,500 sales over the course of the year. Other familiar neighborhoods in the Top 10 include the South Loop with 1,170 home sales; the West Loop with 849 sales; and The Loop with 805 sales.

For a complete look at the Top 10 best selling

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Although downtown Chicago is bursting at the seams with new apartment developments, many neighborhoods on the north side have seen construction for luxury single-family homes pick up as well over the last few years. 

In a city as populated and established as Chicago, though, most new construction homes at this point replace older, outdated structures that nobody wants to live in or really don’t fit well with today’s modern lifestyle. 

In Lakeview, teardowns have become quite the norm, easily leading all neighborhoods in that particular real estate category. According to a report from Crain’s, Lakeview had nearly 300 residential buildings torn down to make way for new homes over the past five years, or about twice as many as the second-ranked

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Most Expensive Condo Buildings in the Gold Coast

The Gold Coast is known for being one of Chicago’s most affluent neighborhoods, so of course condo buyers won’t find a shortage of luxury housing options that will surely fit all their needs and wants. When it comes to luxury condos in the Gold Coast, anything from towering lakefront high-rises to elegant vintage condos with all the character and charm in the world fill out the real estate landscape, ultimately providing some of the best places to call home in the Windy City. For a closer look at some of the most expensive condo buildings in the Gold Coast, continue reading below:

4 E. Elm

One of the newest Gold Coast condo developments to be added to the mix, 4 E. Elm isn’t like many other older buildings you’ll find in the neighborhood. Stylish

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Luxury Streeterville Condo Buildings

In many ways, living in Streeterville is like being situated right in the middle of all the action. Condo owners here have easy and direct access to Michigan Avenue, the beautiful Chicago lakefront, Navy Pier, and loads of other attractions and amenities that downtown has to offer. In addition, getting to and from just about any other part of the city is also very easy from just about any point in the neighborhood as well, also making it a highly desirable place to live. When it comes to luxury real estate in Streeterville, towering high-rises with plenty of common and lifestyle amenities tend to dominate the market, starting with these to buildings: 

The Palmolive 

One of Chicago’s oldest and most famed condo buildings, The Palmolive has a rich

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