The number of listed Chicago homes for sale for $1M or higher in the 4th quarter was down 18.9% from 4th quarter 2011. There were 908 Chicago luxury homes for sale compared with 1,120 a year earlier. The percent of distressed sales (short sales and foreclosures) dropped from 3.2% of the inventory to 2.3%.
Condos & co-op apartments near the Drake Hotel
I’ve created a list of all the condos and co-op apartments I’ve written about that are near Chicago’s Drake Hotel. The Drake Hotel is along Michigan Avenue between East Walton Place and East Lake Shore Drive at the north end of the Magnificent Mile.
Gold Coast real estate for sale down 50% in January
The inventory of listed Gold Coast real estate for sale continues to drop. There were 244 homes for sale in the Gold coast in January down 50% from January 2012 when there were 486 homes for sale.
1866 N Howe – Chicago mansion for sale
This week I toured the mansion for sale at 1866 N Howe in Chicago’s Lincoln Park Neighborhood. The home is offered for sale with or without the adjacent lot to the north.
Chicago 3 bedroom condos for sale down nearly 32% in 4th quarter
The inventory of listed Chicago 3 bedroom condos for sale in the 4th quarter was down 31.9% from 4th quarter 2011. There were 2,535 such condos for sale compared to 3,724 a year earlier.