HP is a desirable community and number of under contracts is looking up! The good inventory sells fast. I closed two homes last month, and have two listings pending close for July and August! To answer your question though, sideways is the best answer... The bleeding has stopped but do not see appreciation for 3 years. Eventually Interest rates going up won't help either.
I see entry level homes and higher end homes doing the best. starter houses priced right and luxury homes are priced cheaper than you can build!... more
I'd love to answer all your questions here but we have a whole marketing plan for any rental properties we represent and manage. As far as the rental market goes for a two bedroom home in Highland Park the range is pretty big. you have several competitors offering their homes for anything from $1,000 to about $1,600 a month. A lot obviously depends on the location, size and condition of the home. I'd be happy to give you a free, no obligation 'Pinpoint Price Analysis' that would only take about 15-20 minutes of your time if you'd find that helpful. At the same time I could give you ideas about marketing as well as show you our marketing plan for rentals should you decide to hire a real estate agent to get your home rented for you. For your information we also do property management for clients who don't want the hassles of rent collection, tenant screening, maintenance etc... Please feel free to give me a call or e-mail at 847-557-1622 or MStodola@ksgmac.com