Over the early part of 2016, the Chicago real estate market has been thriving. Certain segments of the market like luxury rentals continue to be a major part of housing around downtown Chicago, but along with upscale apartments, luxury homes and condos for sale around the area have been flying off the shelves so-to-speak as well.
Recent stats were released earlier in the month that detail which of Chicago’s neighborhoods are seeing the most activity when it comes to luxury real estate. To the surprise of few, Lincoln Park is still leading the way up on the north side, with 16 sales already last month totaling over $1 million. And the average sales price of these homes? $2,181,642.19.
Equally as expected, the Near North Side is also seeing lots of luxury activity, totaling the second most sales over $1 million in Chicago at 14 total sales. Not far off from Lincoln Park, the average sales price of these homes is $2,140601.29.
Nearby Lakeview had 5 total sales over $1 million in January, while West Town had 6 sales. The Loop, Logan Square, North Center, and Edgewater all had 3 sales over the $1 million mark in January as well.