By Carlo Calma
Chicago-based Koenig & Strey Real Living has announced that its Gold Coast office once again holds the top luxury market share position for the first half of 2012 in an issued press release.
According to Koenig & Strey, their Gold Coast office has sold more $1 million-plus residences in the area than any other North Side office in the first two quarters of the year. In its eighth year holding this distinction, Koenig & Strey not only holds the top luxury market share in the Gold Coast, but in the Lincoln Park market, as well.
Jeani Jernstedt, vice president and branch manager of Koenig & Strey Real Living’s Gold Coast office, attributes the office’s success to her colleagues’ broad knowledge of the Gold Coast real estate market.
“Our Gold Coast agents have a wealth of knowledge and experience in representing upper bracket homes, and finding buyers who are seeking the Gold Coast lifestyle,” she said.
In addition to her agents’ expertise in the area, Jernstedt also acknowledged the marketing program that her office has developed in selling and promoting properties in the area, a tool she says helps her agents produce “exceptional results” in the process.
“[The agent’s] skills are supported by our specialized luxury marketing program, Properties of Distinction, that offers national and international exposure to an elite clientele,” Jernstedt said. “This enables Koenig & Strey to consistently deliver exceptional results to both their buyer and seller clients, and to be leaders in this market.”
According to the issued press release, MRED MLS data indicates an 18 percent increase in the number of homes sold in Chicago in 2012, compared to the first two quarters of 2011. With inventory down 35 percent in the Gold Coast market area compared to last year, Jernstedt commented on the upward trends that the Chicago and Gold Coast real estate market is seeing.
“Luxury real estate is seeing the benefits of a favorable market transition in Chicago,” she said. “Desirable, high-end properties in sought-after buildings are well-priced and attracting buyers motivated by low interest rates.”