Highland Park IL Homes
Here is a recap of the activity in the Highland Park IL real estate market for detached single family homes in February 2010:
Total number of active listings at the end of February: 300
- Average days on market: 317
- High list price: $8,500,000
- Low list price: $139,000
- Average list price: $1,087,095
- Median list price: $699,000
Total number of new listings in the month of February: 58
- High list price: $5,500,000
- Low list price: $167,500
- Average list price: $902,233
- Median list price: $537,000
Total number of listings that came off market in the month of February: 39
Absorption rate (as of Mar. 8, 2010), based on the number of closes in the last 6 months (109): 15.91 months of inventory
It is currently a buyer's market in Highland Park, Illinois real estate.
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Highland Park Community Information
Highland Park, Illinois - Highland Park, 26 miles north of the Loop, is a lovely lakeside suburb with winding tree-lined streets and a charming downtown area. Homeowners are delighted with the appreciation of Highland Park's property values. Since 1988, the average home value has increased more than 153%. Contributing to the community's fine quality of life is the Ravinia Festival, highlighting summer performances of the Chicago Symphony Orchestra and other top musicales. There are numerous cultural and recreational opportunities in town.
Housing - Victorians, Tudors, Colonials, split-levels and ranches are prominent house styles, but virtually all popular styles are available. Prices start at $425,000 and can climb to the $7 million bracket. The 2006 average price for a single-family home was $980,172. The newest housing is the development of the former Ft. Sheridan lakefront property.
Schools - Elementary school students attend North Shore District 112; High school students attend Highland Park and Deerfield High Schools in District 113.
Transportation - U.S. 41 becomes the Edens Expressway (I-94) in Highland Park. Drive time to the Loop is 40 minutes; O´Hare Airport is a 30-minute drive; while a drive to Midway takes 40 minutes. Rail commuters may board the train from Highland Park, Ravinia, Braeside and Old Elm/Fort Sheridan stations. Express trains reach the Loop in 33 minutes, locals in 51 minutes. Bus service is available.
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Sign welcoming you to Highland Park, IL
For true local service in the Highland Park, Illinois real estate market - including the surrounding North Shore communities - please call me directly at (312) 504-6055.
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Howard Mandel, REALTOR®
Real Estate Broker, e-Pro
Coldwell Banker Residential
1893 Sheridan Road
Highland Park, IL 60035
Cell: (312) 504-6055
Office: (847) 926-1947
Fax: (847) 415-6771
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