The Chicago real estate market offers many new luxury single family homes. The market in Chicago has slowed over the past few months. There are many luxury homes available on the market in neighborhoods around the city.
There are many new homes available on the market for over $1 million. Most of the newest single family home developments around Chicago have focused on attracting wealthier clients.
Lincoln Park is one of the most popular Chicago neighborhoods for luxury single family homes. Hartland Park is one of the newest developments in the neighborhood, featuring 11 new luxury homes in a private community.
The average sales price of a single family home in Lincoln Park has increased, according to the Chicago Association of Realtors. During the second quarter of 2007, the average sales price for a single family home in Lincoln Park was $1,645,675. This represents a 9 percent increase over sales prices during the second quarter of 2006.
So what can the average sales price get you in Lincoln Park? A 6 bedroom 5 bath home in Hartland Park is priced at $1,675,000, just above the average. This 5,400 square foot home offers luxury amenities throughout and access to a private park. All this just minutes from downtown Chicago.
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