Single-family home sales across the Chicago area set records in 2021, and @properties Christie’s International Real Estate led the way, listing all of the top five highest-priced single-family home closings in the region.
@properties has partnered with Northern California real estate firm Sereno, one of the top independent brokerages in the nation. The pairing will bolster the Christie’s International Real Estate network with a strong presence in the Bay Area – one of the nation’s top luxury real estate markets – and introduce @properties’ industry-leading technology and marketing to the West Coast.
Perhaps no other Chicago neighborhood has seen such an explosion in new development in the last decade as the West Loop. The neighborhood’s transition from a warehousing and meat packing district to a luxury live-work-play destination has produced Michelin-starred restaurants, multi-million-dollar home sales, and the arrival of Fortune 500 companies, including Google, McDonald’s, and many others.
Sales numbers from the last few years paint the picture of a down market in the Gold Coast – the upscale lakefront pocket that has long been known for ultra high-end condos and co-ops. But another evident trend that sales reveal is a wide gap between new construction and existing housing stock, particularly in dated inventory.
The uber-luxury market had a record year in 2018, with 73 homes selling for at least $4 million in the Chicago area, according to Crain’s Chicago Business. Among the factors driving these sales were high-end new construction and strong stock market performance through the third quarter of ’18.
When it comes to luxury housing, Chicagoland residents have a variety of options. And with new developments popping up all over the city and suburbs, deciding what’s best for you can be a big task.
With that in mind, we’ve put together a list of five of the Chicago area’s hottest developments as well as just what makes them so special.
Check out the developments featured below and let us know which one you’d want to live in!
