Chicago High-End Real Estate on the Upswing

June 18, 2010

About Chicago

Luxury Real Estate

Luxury Real Estate

Despite speculation that the luxury residential market in the city of Chicago, $1,000,000+, will experience a slight down-turn as consumers sit-back and wait to see what happens with the stock market, the statistics paint a different picture. This information was taken from the Multiple Listing Service showcasing that the first-half of June could turn-out to be an equally strong month for luxury sales despite the ups-and-downs of the S&P, NASDAQ and DOW.

Statistics Show an Upswing

JANUARY — 39 Properties went under contract – 34 have closed so far
FEBRUARY — 43 Properties went under contract – 32 have closed so far
MARCH — 79 Properties went under contract – 63 have closed so far
APRIL — 50 Properties went under contract – 30 deals have closed so far
MAY — 64 Properties went under contract – 21 deals have closed so far
JUNE – 34 Properties went under contract

Consumers Still Participating

With interest rates still historically low and opportunities to purchase a luxury home at what we hope is the “bottom of the market,” consumers have the confidence to continue participating in this real estate marketplace.

We would like to thank Antoine Nicholas for sharing today’s photo via the Creative Commons License.
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About Catherine Brennan

Catherine Brennan is a seasoned real estate agent with over six years experience in closing hundreds of transactions and developing a network of satisfied clients. Because she values customer service above all else, she teamed-up with Nancy Gaspadarek to create the G and B Real Estate Team. Catherine has lived in the city of Chicago since 1990. She is a member of the Lakeview Chamber of Commerce, a volunteer for the Friends of Blaine and Umoja which both focus on enhancing child education. She enjoys investing in real estate and golfing when she can. You can visit Catherine's web site or reach her directly at 312.613.8022 or catherine@gandbteam.com

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