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Old Posted Nov 4, 2018, 4:39 PM
marothisu marothisu is offline
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Join Date: Dec 2012
Location: Chicago
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I don't think these count pending sales (i.e. ones at Vista or even OBP) but RE/MAX does study on the Chicago area market for luxury home sales ($1M+) per quarter. Every quarter this year has set a record for the most sales in the area, but as far as the city goes..

https://www.prnewswire.com/news-rele...300739697.html

Quote:
In the attached luxury market, the Near North Side retained its leadership position with 95 sales during the quarter, a gain of +10.5%, while the Near West Side continued its emergence as the city's hot new luxury attached market with 43 sales. In contrast, it had just 16 sales a year earlier and none five years ago. Luxury sales were little changed elsewhere, falling by four units in the Loop and two units in Lincoln Park, while gaining a single unit in both Lake View and the Near South Side.

In the detached category, luxury sales set records in Lake View at 40 units and Logan Square at 20 units. North Center tied its third-quarter high with 37 $1-million-plus sales. Detached luxury sales were also higher in Edgewater, Lincoln Square, the Near North Side and West Town, but were lower in Lincoln Park and Uptown.
The Loop is not necessarily doing as well as its neighbor to the north in this regard. Of course, not all units at 1000M are over $1M but there are many that are which are probably necessary to put under contract to get this thing going. I agree above though the area is more desirable now than it was even 5 years ago.
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