The prices in real estate in Highland Park, in the Illinois region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Highland Park has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $461. In the following month the price per sq.feet decreased considerably to $216. The price for the following two months in (September, October) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $283 to $223.5 during November, and December.
Based upon to the price in Highland Park (cities), this has gone up in the last 6 months. The average price during our first sample month during July, is $687,486. During August the price went through a considerable rise reaching $811,906. During the following two months (September, October) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $719,398.75 and $742,607 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $845,436 they are 85 % more affordable than the average price for Highland Park. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at $444,790.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $155 / sq.feet, with an average $232 / sq.feet price in Highland Park. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at $206 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $845,436 it is 64 % cheaper than the average price in Highland Park. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $469,463 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $145 / sq.feet followed by "Townhouse" priced at $156 / sq.feet. "House" is the most costly type of property with a $233 / sq.feet cost followed by "Condo" with an average price of $189 / sq.feet.