The number of listed Chicago condos that sold for $1M or higher in the 4th quarter was up 63.3% from 4th quarter 2011.* There were 98 Chicago luxury condo sales compared with 60 a year earlier. None of the 98 sales were short sales or foreclosures.
As shown below, quarterly Chicago luxury condo sales have been up year over year for the past 3 quarters.
The inventory of Chicago luxury condos for sale in the 4th quarter was down 22% from a year earlier. Pending sales were up 78%, so sales should do well in the 1st quarter of 2013. The average days on market for pending sales was down 21%.
77% of all Chicago luxury condos sold in the 4th quarter were in downtown Chicago. Another 17% of Chicago luxury condos sold were in Lincoln Park.
CHICAGO LUXURY CONDOS FOR SALE
Click below to see Chicago luxury condos for sale by price range.
| $5M+ | $3M - $5M | $2M - $3M | $1.8M - $2M |
| $1.6M - $1.8M | $1.4M - $1.6M | $1.2M - $1.4M | $1M - $1.2M |
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*Statistics include co-ops, lofts, apartments and townhouses. Information is based on data from Midwest Real Estate Data (MRED).
Fran Bailey specializes in downtown Chicago, Lincoln Park and Lake View condos, co-op apartments and houses. She has shared home buying and selling advice since 2006 and written about over 130 Chicago high rises. To schedule showings for any listings, get a 
