The number of listed downtown Chicago luxury condos for sale in the first quarter of 2012 was down 19.7% compared to first quarter 2011.* There were 509 downtown Chicago condos for sale priced $1,000,000 or higher in the first quarter down from 620 a year ago.
As shown below, the quarterly inventory of downtown Chicago luxury condos for sale has been dropping during the past 3 years. In the first quarter of 2009 there were 835 such condos for sale.
The luxury price range that experienced the largest drop in the first quarter was the $4,000,000 to $5,000,000 price range. There were only 8 downtown Chicago condos for sale in that price range down 60% from a year earlier.
The number of downtown Chicago luxury condos for sale isn’t down in all luxury price ranges. The number of downtown Chicago condos for sale priced $5,000,000 and higher in the first quarter was up 54.5%. There were 17 such condos for sale.
DOWNTOWN CHICAGO LUXURY CONDOS FOR SALE
Click below to see the downtown Chicago luxury condos for sale by price range. You can narrow the results by internal and external features. Pending sales are excluded.
|$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 downtown Chicago condo & co-op reviews and what’s for sale in those buildings see DOWNTOWN HOMES FOR SALE above in the right column.
* includes co-ops and townhouses
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