Buyers on the market for an affordable condominium in Highland Park can find several units currently on the market in the neighborhood. The area currently has 18 units listed for sale.

The most affordable condominium for buyers to choose from in Highland Park is a two-bedroom and 1.5-bath unit located at 697 Green Bay Road. This unit is priced at $219,000. A smaller one-bedroom and one-bath unit that offers a total of 900 square feet of living space is also available at 1695 Second Street. This unit is priced at $250,000.

Buyers on the high end of the market also have a couple of great luxury condominiums to choose from in Highland Park. A three-bedroom and 2.5-bath unit that is located at 570 Vine Avenue has been reduced in price. This 2,200 square-foot unit is priced at $800,000, after originally being listed at $848,000. However, you’ll find the bigest bang for your money at 867 Laurel Avenue. This three-bedroom and 2.5-bath condominium offers a total of 3,173 square feet. This unit is priced just slightly higher, listed at $825,000.

Buyers on the market for both affordable and luxury North Shore Chicago Condos can find what they’re looking for in Highland Park.

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So you’ve found the home of your dreams. The neighborhood is perfect and you’re ready to sign on the dotted line. However, you’ll need to keep in mind the closing costs, which can become a bigger problem than you may have expected.

In a slow market, buyers find themselves in a much stronger position to negotiate who actually pays the closing costs involved in the purchase of a home. It is becoming much more common for both the seller and buyer to share the closing costs, particularly when dealing with a highly motivated seller.

Closing costs in general are less than 2 percent of the total price of the home. However, when you consider that your $400,000 home will cost you well over $6,000, those costs can become prohibitive. Costs include taxes and fees surrounding the issue of your home loan. While these are your responsibility to cover if no agreement is in place with the seller, you can easily work a cost sharing agreement into your contract.

Sharing the cost of closing with the seller can be a great way to enjoy significant savings the next time you buy a home on the North Shore Chicago Real Estate market.

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The real estate market on the North Shore of Chicago has seen a drop in sales of both condominiums and single-family homes during June. Sales of new and re-sale single-family homes were off by more than 28 percent from the same month last year.

According to data from the MLS, a total of 294 homes were sold during June across the North Shore. Sales were down by 28.6 percent from June 2007, when 412 homes were sold in the area. Demand for the most expensive condominiums was also off during the month. A total of 75 homes were sold in June for more than $1 million, down from 113 homes sold in the same price range during June 2007, a drop of more than 33 percent.

The drop in demand for the most expensive single-family homes led to a lower average sales price for homes sold during June. The average sales price stood at $848,401 in June, down nearly 3 percent from the same month a year ago.

Buyers on the market for a great deal on North Shore Chicago Real Estate could start to see prices come down for many homes around the area if demand doesn’t pick up in the short term.

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