The $28 million Winnetka mansion — the priciest to hit the Chicago-area market in recent memory
From the February issue: A 26-room, 27,000-square-foot mansion hit the market in the Chicago suburb of Winnetka last month for $28 million, making it the area’s priciest listing in recent memory. While a 30,000-square-foot mansion with a list price of $25 million was up for sale in another suburb last year, it was eventually taken off the market. The Winnetka home is one of just nine Chicago-area homes on the market for $10 million or more. The Winnetka mansion is the only one to crack the $20 million listing price mark, according to the Chicago Tribune. Meanwhile, The end-of-the-year housing figures for Phoenix are in, and they aren’t pretty. The city saw approximately 41,000 single-family homes go into foreclosure in 2009, a record number, according to a year-end report from the W.P. Carey School of Business at Arizona State University. Foreclosures accounted for more than 35 percent of all existing-home transactions in the year. Perhaps most surprising, the residential market actually worsened in December, contrary to the stability seen in other residential markets nationwide. Click here fore more. Compiled by Amy Tennery
