Buffalo Grove Real Estate analysis for November 2009 by top realtor in the Buffalo Grove area.
As a Buffalo Grove realtor, the number one question that I am always asked is..... "How is the Buffalo Grove Real Estate Market Doing?" Obviously, my clients ask me this question but I am also asked this question by friends, family and/or acquaintances. I am asked this question at the grocery store, while I am walking my dog, at school functions, as a spectator at my son's volleyball game , parties, anywhere and everywhere.
So to answer "How the market is in Buffalo Grove Illinois" I have summarized the following information for my readers.
1. Home prices in Buffalo Grove are currently similar to what the prices were in 2002/2003
2.There were 14 closed detached sales in Buffalo Grove Il in November 2009. compared to only 7 homes that closed in November 2008. If you would like to know what a particular Buffalo Grove sold for, just email me and I will be happy to send you the sales price.
3. The highest selling price for a single family home in Buffalo Grove in November 2009 was $617,000 while the lowest sales price in Buffalo Grove in November 2009 was $180,000.
4.Two of the Buffalo Grove November closed sales were short sales and one was a REO
5. The average listing market time in Buffalo Grove, Il in November of 2009 was 173 days - understand that this is an average and that "pricing a home right for today's market and staging your home" will result in a quicker sale.
6. The average sales price for the 11 months of 2009 in Long Grove was $248,303 down from $306,870 for 11 months of last year. Why has the average decreased by approx 18%in one year. One reason for the major decrease is that there are more short sales and Bank Owned Property than there have ever been.
The good news is that more homes are being sold every month and when the inventory decreases, homes will of course increase in value.
I think that it is a wonderful time to sell if you are looking for a great opportunity to buy - I have had two clients who recently sold their homes for less than they had paid for them in 2003 but made up the difference and more when they purchased their next home. .
If you do not own anything it's a wonderful time to buy too. With the extended tax credits in place and interest rates under 5% for a conventional loan - there are some amazing opportunities in Buffalo Grove, Illinois. Actually one of my lenders said they can get a 4.5 percent 30 year conventional fixed loan.
So How is the Market in Buffalo Grove Illinois? I think it's great! The market in Buffalo Grove Illinois is filled with opportunities!!
Whether you are in the market to buy a home or to sell your current home in Buffalo Grove it is important to keep abreast of the Buffalo Grove Grove market statistics (or at least to work with a Buffalo Grove REALTOR who does.)
If you would like more information about the Chicago Northwest Suburbs,including Buffalo Grove, Lincolnshire, Long Grove, Vernon Hills, and Lake Zurich please do not hesitate to call me at 847-602-5435 or email me at info@buffalogrovehomes.com.
My websites, www.movetolonggrove.com , www.buffalogroveareahomes.com and my blog www.judygreenberg.com will provide you all the information regardless as to whether you are a potential buyer or seller! 
Are you looking for a new home in the near future.?... Then click on icon on the right and I'll help to find you the perfect home.
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