Chicago Real Estate: $1 Million-Plus Homes Gain Sales Momentum in City and Suburbs
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Suburban Luxury Home Sales
September-October home sales of $1 million or more totaled 181 units in suburban Cook County and the six other counties making up the metro Chicago area: DuPage, Kane, Kendall, Lake, McHenry and Will. That total represented a gain of 62 percent compared to 112 units sold a year earlier. The median sales price was $1,295,000, up 3 percent. Average market time was 183 days, 11 percent less than for the same period last year. All but three of the luxury residences sold in the suburbs were detached single-family homes.
The six suburban towns with the most luxury home sales were: Hinsdale and Winnetka, each with 21, Lake Forest with 19, Wilmette with 12, Glencoe with 11 and Highland Park with 10. Those six communities accounted for 52 percent of all luxury sales in the suburbs during the September-October period.
For more information, visit www.illinoisproperty.com and remax.com
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