Highland Park's January Property sales were 13, down -13.3% from 15 in January of 2011 and -43.5% lower than the 23 sales last month. January 2012 sales were at their lowest level compared to January of 2011 and 2010. January YTD sales of 13 are running -13.3% behind last year's year-to-date sales of 15.

The Median Sales Price in January was $378,000, down -1.8% from $385,000 in January of 2011 and up 40.0% from $270,000 last month. The Average Sales Price in January was $382,785, down -2.4% from $392,177 in January of 2011 and down -45.1% from $697,139 last month. January 2012 ASP was at the lowest level compared to January of 2011 and 2010.

The Total Inventory of Properties available for sale as of January was 280, down -8.5% from 306 last month and down -25.9% from 378 in January of last year. January 2012 Inventory was at the lowest level compared to January of 2011 and 2010.

The January 2012 Months Supply of Inventory of 21.5 months was at a mid range compared with January of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for January was 107, down -23.6% from 140 days last month and down -40.9% from 181 days in January of last year. The January 2012 DOM was at its lowest level compared with January of 2011 and 2010.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The January 2012 Selling Price vs Original List Price of 85.8% was up from 83.9% last month and up from 81.5% in January of last year.

The number of New Listings in January 2012 was 52, up 108.0% from 25 last month and down -30.7% from 75 in January of last year.

Highland Park's December Property sales were 21, up 5.0% from 20 in December of 2010 and equal to 0.0% 21 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 344 are running -3.4% behind last year's year-to-date sales of 356.

The Median Sales Price in December was $270,000, down -29.5% from $383,000 in December of 2010 and down -31.3% from $393,000 last month. The Average Sales Price in December was $713,629, up 62.5% from $439,275 in December of 2010 and up 16.8% from $610,829 last month. December 2011 ASP was at highest level compared to December of 2010 and 2009.

The Total Inventory of Properties available for sale as of December was 297, down -10.5% from 332 last month and down -18.2% from 363 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

The December 2011 Months Supply of Inventory of 14.1 months was at its lowest level compared with December of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 151, up 30.2% from 116 days last month and up 18.0% from 128 days in December of last year.
The December 2011 DOM was at its highest level compared with December of 2010 and 2009.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 83.0% was down from 85.6% last month and down from 83.8% in December of last year.

The number of New Listings in December 2011 was 19, down-50.0% from 38 last month and down -44.1% from 34 in December of last year.

Highland Park Real Estate Market Update. Being a Real Estate Broker along Chicago's North Shore it seems to me that everyone is always asking me how the market is doing. Is it because they are thinking about buying or selling, need to sell or just plain curious. Because I never know exactly the reason for this question - I give an overall picture of how the market is doing.

Well, in Highland Park IL the property sales have increased as well as the median sales price. During the month of August property sales were 35 compared to 23 in August of 2010 - this is an INCREASE OF 52% when comparing August 2011 vs. August 2010. The median sales price in August also increased - in August 2011 median sales price was $482,000 vs. $450,000 in August 2010.

The market action report below details the city of Highland Park Illinois. Curious how the other North Shore suburbs are trending? Just ask me.

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Contact: Bill Darling Phone: 312-320-8561

Highland Park Condo Listed at $199,500 Send To Subdivision Americana Category Condo Type Listed Sq Footage 1407 Bedrooms 2 Bathrooms 2 Half Bathrooms 0 Lot Size 0 Short Sale No Year Built 0 Home Address 1795 Lake Cook Rd Unit 307 Highland Park, IL 60035 Home Description Highland Park IL 2 Bedroom Condo This well maintained, furnished unit is ready for move in. The furnishings could be included if the unit price is acceptable. Great southern exposure with a long southern exp balcony. Large LR/DR combo with fireplace, eat-in kitchen, in-unit laundry, MBR w/MB and walk-in closet. Exercise room, party room and pool are available for your enjoyment. Indoor, ground level garage Home Features Central AC Central heat Dining room Dishwasher Refrigerator Stove/Oven Microwave Washer Additional Links Illinois Grants Illinois Mortgage Advice Credit Answers Create a Path to Buy a Home Virtual Tour Property Description This home for sale is located in beautiful Highland Park! This Highland Park community has homes for sale ready for immediate move in but none match the ammenitites this home offers. If you are looking for a one of a kind home in , please review this unique home above. In addition, to schedule a showing be sure to email me and take advantage of this great home for sale in . This home for sale in , located in Highland Park, wont last long and in today's volatile real estate market. Finding the perfect home to fit all your needs is just a phone call away. Why spend hours looking through online websites for homes for sale in , contact me today for all your real estate needs! I'm happy to assist you in finding your dream home in Amerrica subdivision.

You earned it. You bought it. You loved it. Now you want to sell it. Your house in Highland Park, that is.

Nothing can stop you if this is your must-have goal. You cannot test the market or dip your toes in the water. You have to go full throttle and pull out all stops to make your dream become a reality. Otherwise, you’ll just be spinning your wheels.

Listing your house for sale isn’t the same as selling your house

If you own a house in Highland Park, consider yourself fortunate to live in such a vibrant and popular community. It may be ‘cooler by the lake’, but it’s still a hot real estate market. Highland Park won’t ever go out of style.

During the last 30 days, these luxury Highland Park houses were sold to the highest bidder.

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.

Full speed ahead

Each and every homeowner who intended to sell quickly did. How can you tell? They sold in less than 2 months. In addition, these properties usually sold at a price within a few percentage points of their original list price.

These homeowners weren’t about to fool around. To a one, they prepared to sell … not just list … BEFORE they put their homes on the market.

Once the prep work was done, they didn’t sit back, sipping mint juleps on the porch. They put their best foot forward for every showing. For them, Open House happened every day of the week.

When offers came in, they negotiated in good faith. No offer was too low because every offer was a jumping-off point.

Ultimately, their goal was to move out and move on. They did just that. Some in days. Some in weeks. Others in a few short months.

Up to speed

Not all suburban communities are so lucky. In fact, not all Highland Park homeowners have been as lucky. Many are still waiting their turn to sit at the closing table.

Currently, 96 luxury-priced homes in Highland Park remain unsold. Some houses have been on the market for years. Yes, years!

The numbers reveal a 4-year supply! Four years is too long a wait to get on with your life.

The ‘wow’ factor

Selling your luxury home always requires extra hurdles to jump over.

Buyers are looking for that certain je ne sais quoi. They’re expecting ‘whiz-bang’ for their buck. They don’t want to compromise. Price must always be justified by quality. If they’re going to mortgage their future, they want their investment to be a sound one.

Don’t be left behind

If you haven’t sold your house yet, but want to sooner rather than much later, don’t get stuck with one of those ‘unsold’ homes languishing on the market. Instead, make sure you understand everything before going into the selling process. Don’t try to hedge your bet. And understand that the homes that sell the fastest are the homes that meet buyer expectations.

To meet … and exceed … buyer expectations, homesellers should concentrate on these 3 selling points to create demand for their house.

Condition – A house worth a million bucks must be worth a million bucks. Leave no stone unturned or detail overlooked.

Presentation – Turn your home into a castle. A showcase. A property worthy of being featured in Architectural Digest.

Value – When your house stands out from the crowd, homebuyers know it, want to see it, and will put it at the top of their list.

To sum up, use this formula when you’re making plans to sell your house —

Condition + Presentation + Value = Sales Success

Champagne wishes and caviar dreams

In a real estate market where the number of anxious sellers far surpasses the number of serious buyers, homeowners can’t afford to kick back and rely on luck. They have to make sure their house tells a unique story to homebuyers that they, too, can live in the laps of luxury.