Downtown Chicago luxury condos for sale down almost 20% in 1st quarter

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.

Downtown Chicago Luxury Condos For Sale 1st Quarter 2009 - 2012

Downtown Chicago Luxury Condos For Sale 1st Quarter 2009 - 2012

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.

$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

* includes co-ops and townhouses

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More

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