Noah Levy

The  real estate market in Highland Park IL seems to be  off to a good start.   There are currently 273 single family homes for sale - ranging from $135,000.00 - $9,900,000.00.  There were 14 closings in Highland Park during the month of January - all of which were conventional sales. The average sale price  was $392,177.00. Additionally 30 homes are under contract.   I have attached the market update report for the month of January for a more detailed overview.

If you are a buyer there is good amount of  inventory available for sale. Be sure to partner yourself with an active  REALTOR who is familiar with the inventory, neighborhood and the school system.

If you are thinking about selling your home this Spring talk a real estate professional. You need to have an understanding of the market, your competition and what they recommend to do before putting your home on the market.  Homes are selling if they are priced right!

Highland Park IL Real Estate Market Update

The Highland Park IL Real Estate Market continued to be active in July. Overall, the sales price of homes  are  less than they were  in 2009. In July of 2010 the Average Sales Price in Highland Park was $487,750.00 a 23% decline from July of 2009 when the Average Sales Price was $634,122.00.  Although prices have declined (to adjust to the market) we have seen some positive trends.  The Average Market Time in July was 127 days which is a significant decrease from June which was 176 days.  The Selling Price vs. the Original Listing Price shows how much the seller is willing to come off of their List Price. In July of 2010 we saw an increase compared to June of 2010 in Sales Price vs. Original List Price - the average in July it was 90.9% compared to 83% in June. 

Below are additional monthly  statistics for Highland Park for your review.   Keep in mind that every property is unique. If you want additional information regarding the sale of your home or buying one  let's talk.