In this month’s Market Minute video, we sat down with @properties co-founder Michael Golden to talk about new construction trends and the state of the market.
There were fewer Chicago homes for sale at the start of 2016 than there were at any other time in the last nine years, according an article in Crain’s Chicago Business. With buyer demand outstripping supply, more developers are returning to the for-sale new construction market.
At @properties, we’re currently working on over a dozen large-scale developments and a slew of smaller projects throughout the city and suburbs as well as southwest Michigan and Lake Geneva, Wisc.
And while the luxury market has led the resurgence of residential new construction, we’re seeing increased activity across a wide range of price points.