Noah Levy

Highland Park IL  Homes For Sale - What's available in the Highland Park real estate market and what has sold recently?

Highland Park Real Estate activity remains active with continued sales.   During the month of October there were a total of 21 closed transactions - 1 home was a short sale, 4 properties were foreclosures and the remaining 16 transactions were arm's length transactions. 

For buyers who are just starting their search there is plenty of inventory available for sale. Currently there are 298  single family homes for sale in Highland Park ranging in price between $150,000.00 and $9,900,000.00. Inventory, variety of homes available and low interest rates make this a great time for a Buyer in the marketplace.  Buyers should note that the monthly supply of inventory is steadily declining - which means the longer you put off buying a home the less inventory you will have to chose from.

For further information regarding the value of your home or buying a home in Highland Park or surrounding suburbs give me a call or send me an email.

Highland Park Illinois Real Estate Market is off to a great start.  It's hard to believe that the first quarter of 2010 has come to an end - time flies when you are having fun -helping buyers and sellers with their Real Estate needs.  The first quarter of  Highland Park's  Real Estate Market has been quite active.

Below is an overview of the Highland Park IL Real Estate Market:

                          2010 sold listings                                2009 sold listings

January                       20                                                     21

February                      13                                                      5

March                          27                                                      7

                          2010 accepted offers                            2009 accepted offers

January                         26                                                     11

February                        42                                                      8

March                            50                                                     12

                         2010 Average days on the Market           2009 Average days on the market

January                         161                                                      145

February                         98                                                        65

March                            142                                                     108

                         2010 Average Sold Price                       2009  Average Sold Price

January                 $588,000.00                                         $582,000.00                                      

February                $538,000.00                                         $491,000.00

March                    $472,000.00                                         $642,000.00

The Average Sold Price in Highland Park in 2010 has declined in comparing it to 2009 Sold Prices.  But,  the good news is that there were more closed sales during the first quarter of 2010 than there were in the first quarter of 2009 - 60 closed listings vs. 33 closed listings - a 45 % increase.  Additionally, there were 118 accepted offers in the first quarter of 2010 and in 2009 there were only  31 accepted offers accepted in the first quarter - a 74% increase in accepted offers.

For those buyers who can take advantage of the tax credits  time is running out - get out and take a look at the inventory - there are terrific homes for sale in Highland Park and other surrounding North Shore Suburbs.  Spring is a wonderful time to consider a move!

The above article Highland Park Illinois Real Estate Market Update was written by Noah Levy, REALTOR from Coldwell Banker in Highland Park, IL.