The number of listed Chicago condos that sold for $1M or higher in the second quarter was up 50% from second quarter 2011.* There were 102 Chicago luxury condo sales compared with 68 a year earlier. Only 2 of the 102 sales were short sales or foreclosures.
As shown below, the only quarter in the past 3 years with higher Chicago luxury condo sales was the second quarter of 2010. There were 107 such sales that quarter.
The inventory of Chicago luxury condos for sale in the second quarter was down 13.5% from a year earlier. Pending sales were up 61.3% setting a 3 year quarterly high, so sales should do well in the 3rd quarter. The average days on market for pending sales was down 13.7%.
CHICAGO LUXURY CONDOS FOR SALE
Click below to see Chicago luxury condos for sale by price range.
|$5M & Above||$3M to $5M||$2M to $3M||$1.8M to $2M|
|$1.6M to $1.8M||$1.4M to $1.6M||$1.2M to $1.4M||$1M to $1.2M|
To see condo & co-op reviews and what’s for sale in those buildings see DOWNTOWN HOMES FOR SALE and LAKEVIEW & LINCOLN PARK HOMES FOR SALE above in the right column.
* includes co-ops and townhouses