After two straight years of declining demand in Highland Park, it seems that sales may be stabilizing. Sales of single-family homes during the second quarter were unchanged from the same quarter in 2007.

According to data from the Chicago Association of Realtors, a total of 81 homes were sold during the second quarter. Last year 82 homes were sold during the second quarter. 2005 was the best year for the market, with 125 units sold during the second quarter.

A slight decline in prices may have helped keep sales steady during the second quarter. The average sales price fell by 1 percent during the second quarter, and could continue to fall slightly in the next few months. Homeowners and developers are still facing a very long turnover time when it comes time to find a buyer.

If you’re selling your home in Highland Park, it will take you an average of 208 days to find a buyer. While this is a drop of more than a month in the average turnover time from last year, it is still high when compared to other neighborhoods around the North Shore. Sellers facing financial pressure will be more likely to accept lower prices, giving buyers a great opportunity in coming months to get a good deal on North Shore Chicago Real Estate in Highland Park.

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If you’re on the market for an affordable single-family home on the North Shore, you’ll want to keep an eye on a few listings that are seeing some strong price cutting in Waukegan.

The best deal currently on the market in the area is a three-bedroom and 1.5-bath home currently for sale at 237 S West Street. This unit was originally priced at $54,900, but has recently been reduced in price to just $44,900. This two-story home is a fixer-upper, but you’ll have plenty of money to spend at that price.

Another home that is currently offered at a considerable discount is located at 414 Washington Park. This two-bedroom and one-bath home was originally listed at $145,000, but after just over six months on the market the price is now down to $79,900.

Another significant discount can be found at 2113 Waverly Place. This three-bedroom and one-bath home also needs some repairs. After originally being listed at $125,000, the asking price for this home is now $100,000. It has been on the market for just under 3 months.

These are just a few of the incredible deals on North Shore Chicago Real Estate around Waukegan. Buyers are sure to see even more great deals in the short term.

Technorati Tags: Waukegan Homes For Sale, Chicago Homes, North Shore Chicago Real Estate

Sales of condominiums and lofts fell 45 percent during the second quarter in Deerfield. It was the third straight year that sales have fallen in the area during the second quarter.

According to data from the Chicago Association of Realtors, a total of 18 condominiums and lofts were sold during the second quarter, down from 33 units sold during the same period last year. It was the worst result for the real estate market in Deerfield in more than 17 years.

However, low sales could mean more deals for buyers still looking for a condominium in Deerfield. The average sales price fell by 13 percent during the second quarter, and could continue to drop as the inventory of unsold units rises. It was the second straight year of lower prices during the second quarter, after hitting a high of nearly $331,000 in 2006.

The average turnover time for condominiums on the market in Deerfield skyrocketed during the second quarter. If you’re planning on selling your condominium, it will now take you an average of 163 days to find a buyer, nearly double the time it took a year ago. Buyers looking for great deals on North Shore Chicago Condos could start seeing some low prices around Deerfield.

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