Chicago luxury real estate never faded away and probably never will. In fact, it is growing. Chicago luxury real estate, after the latest sub-prime mortgage crisis is rejuvenated. This allows our company to extend real estate services with enhanced fervor. Our area of operations encompasses the whole of the city of Chicago including -- the South Loop, River North and Streeterville. Real estate in Chicago has exhibited positive trends in the last year. Single family detached and attached, multi-units, multi-family, luxury condos, vacant land, are all experiencing increased demand.
Luxury real estate in Chicago is mostly comprised of Gold Coast condos. Major areas are -- Michigan Avenue, Clark Street, North Avenue and Lake Shore Drive. You can find vintage buildings as visually appealing as new construction. The up-market feel of Gold Coast is due to Oak Street Beach's presence. Some of the most exclusive retailers have opened shops here. Rolex, Yves Saint, Lamborghini are a few of the names that Gold Coast can boast of.
While the vintage buildings are elegance personified, the new ones come with utility values like deeded carriage parking business rooms and spas in some locations. The buildings are manned by security personnel around the clock, imparting a feeling of enhanced security to all its residents. The Illinois Association of Realtors says that the sales of condominiums assets, as well as family houses, have increased by 25 to 28 percent in last one year. This means sales of more than 9,000 independent units. However, the sale prices themselves have declined by two percent compared to last year's price at this time of the year. The Chicago City Proper reflects almost the same figures. The median price now stands at $207, 500, a decrease of some$3,000. Chicago luxury condos for sale and single family houses for sale are experiencing similar trends. The bottom-line is: real estate as an investment option that will never be passé, and when luxury real estate Chicago offers you with such lucrative options, why look somewhere else?