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The old adage rings true once again: when it comes to real estate, it’s all about location, location, location.

I’ve made the comparison before between the real estate market and the stock market–while we think of the latter and being able to turn on a dime, the real estate market can certainly do the same.

Although the luxury Chicago real estate market is continuing to charge forward, the month of March saw 27 luxury homes sold, with prices ranging from $1 million up to $2.5 million.

March was good to Chicago real estate, with Chicago Magazine just declaring it an “awesome” month for the market.

An increasing demand for luxury real estate in Chicago could quickly turn the market in favor of sellers, according to a recent report from the Institute for Luxury Home Marketing.

As we move further into the new year, buyers, sellers and realtors alike are keeping a close eye on end-of-2012 numbers and what is projected for 2013.

Walking into Chicago’s Trump Tower is an experience unmatched by other condo buildings: from the attentiveness at the valet, to the elegantly appointed lobby, to the concierge services available to handle every whim of the building’s residents.

I’ve said before that, despite the volatility in real estate markets across the country, luxury real estate in Chicago has done relatively well holding its own.

Sales for Chicago luxury real estate continue to be good, with 43 luxury condo apartments sold during the month of December.

During the last few years of a volatile real estate market, there hasn’t been much upside to selling your Chicago home–buyers have had the upper hand, negotiating to lower prices and getting great deals in fantastic locations.