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Market Trends
Commentary Provided byBarry Newman Highland Park offers so much more then most communities. There downtown is second only to Chicago. Ravinia an open air music facility that sprawls for acres brings in some of the top muscians in the industry. From rock to classical each night is filled with people bringing wine, cheese, dinner, chairs, blankets,etc. The go a mile away and walk the unbelievable Botanic Gardens. Acres and acres of flowers, trees and bushes in their natural habitat. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | |||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $525,000 - View Graph Trend | ||
| Best Selling Price Range | |||
| Worst Selling Price Range | |||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Highland Park is | |||
| Seller Activity for the past 90 days in Highland Park is | |||
| Is Financing Available For Qualified Buyers in Highland Park? | |||
| Existing Home Prices for the past 90 days are | |||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||
| Housing Hot Spots | Highland Park is probably one of the most diverse communities on the North Shore. From multi-million dollar homes to $200,000 condo’s. | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $525,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Barry Newman
CENTURY 21 M.B. Glenview, Illinois 847-921-1666 Barry.Newman@Century21.com Agent Home Page 
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Highland Park Local News
News for Highland Park, IL - Wednesday July 22nd, 2009 6:56pm
Highland Park is booming right now and we hope it continues. This is based on buyer's looking for properties before school starts and investors looking for foreclosures and short sales.
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847-921-1666
