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    Chicago Luxury Market: 2014 Recap

    We saw continued, tremendous growth in Chicago’s luxury market in 2014. The number of homes sold over $1M has nearly doubled since 2011, and they are selling in nearly half the time they did back in 2010. The number of homes sold at $3M or more has grown by 40% since 2010.

    Chicago also had its record-breaking, highest sale ever: the (unfinished) $17M penthouse at Trump Tower. Below, you’ll see the graphs showing the number of homes sold in the high end market, and the trends of how they have changed over the past 5 years (click for larger versions of each).

    1M-Sales-2014

     

    3M-Sales-2014