Area Realtors report that Highland home sales on the upswing increasing about 50 percent over last year.
Coldwell Banker Residential Realtor and Manager of the company’s Highland Office Donna Zisoff said sales have been brisk.
“Through the end of April, residential sales were up 50 percent from where we were last year,” Zisoff said. “It is amazing things are moving so quickly right now. If a home comes on the market, is priced well, has good pictures and shows well, it is going to get immediate activity.”
Zisoff said she has seen many multiple offer situations lately in Highland because it is a great and affordable community.
“We have great schools and an easy commute to Chicago for people who work downtown,” Zisoff said.
The average sales price in Highland is $134,000 to $135,000, Zisoff said,
but homes in the $200,000 plus bracket are also selling.
“This is a community in which people want to live,” Zisoff said. “Buyers watch Highland. Highland has always been a very good market but this year it is really very strong.”
Zisoff said more condominiums and half duplexes are selling this year with several sales in the Georgetown complex.
“The office has been busy and we have been really excited,” Zisoff said. “The interesting thing is that buyers finally realized that prices are as low as they are going to go.”
Zisoff said there are fewer homes on the market than last year and the average market time for solds is also less than last year. Zisoff said people are also selling their homes closer to the asking price, about one percent more than last year, with the average home selling for 96 percent of the asking price.
Realtor Melody Sanchez the Branch Manager for the McColly Real Estate’s Highland Office agrees that home sales in Highland are on the rise.
“Home sales in Highland are very active to date,” Sanchez said. “There has been an increase in closed transactions of 25 percent year to date.”
Sanchez said the most active sales are in single family homes priced $120,000 to $175,000 and there has been a nice increase in the over $200,000 single-family home sales.
“What motivates people to move to Highland is the schools, closeness to major highways and central location for shopping,” Sanchez said. “Highland housing has held its value and had fewer foreclosures than some other areas.”
Sanchez said community amenities including the parks, softball fields, and Lincoln Town Center with its programs for everyone from children to retirees are also a draw. There is strong community participation in festivals and parades, Sanchez said.
Highland has a good mixture of townhomes and single family homes with some scattered new construction and commercial development, Sanchez said. There is also an increase in commercial rentals as previous vacancies fill with new businesses.