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 the 64 Dollar question, How is the Buffalo Grove Real Estate Market " I have summarized the following information for my readers.
1. Unfortunately for Buffalo Grove sellersand fortunate for Buffalo Grove buyers- home prices in Buffalo Grove are currently similar to what the prices were in 2002/2003.
2.There were 12 closed detached sales in Buffalo Grove Il in December 2009. 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 December 2009 was $652,000 while the lowest sales price in Buffalo Grove in December 2009 was $230,000. The average sales price in all of 2009 was$360,953. In 2008 the average Buffalo Grove sales price was $399,722. Unfortunately, the prices are still falling.
5. The average listing market time in Buffalo Grove, Il in December of 2009 was 167 days - understand that this is an average listing market time and that "pricing a home right for today's market and staging your home" will result in a quicker sale.
December 2009 Sales in Buffalo Grove
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| Str Name |
List Price |
Selling Price |
Days on market |
Subdivision |
| MOHAWK |
$248,900 |
$230,000
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38 |
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| INDIAN HILL |
$259,900 |
$250,000
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6 |
STRATHMORE |
| HORATIO |
$339,900 |
$310,000
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117 |
NORTHWOODS |
| Hawthorne |
$319,500 |
$310,000 |
56 |
OLD BUFFALO GROVE |
| TWISTED OAK |
$349,900 |
$333,500 |
80 |
STRATHMORE |
| KNOLLWOOD |
$375,000 |
$341,000 |
870 |
STRATHMORE GROVE |
| Copperwood |
$375,000 |
$360,000 |
265 |
OLD FARM VILLAGE |
| TOULON |
$381,150 |
$363,000 |
21 |
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| RAINTREE |
$585,000 |
$535,000 |
28 |
WOODLANDS OF FIORE |
| CHAMBOURD |
$659,000 |
$579,500 |
21 |
MIRIELLE |
| Whispering Oaks |
$644,900 |
$610,000 |
235 |
DOUBLETREE |
| FOXFORD |
$699,000 |
$652,500 |
267 |
CANTERBURY FIELDS |
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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.
So How is the Market in Buffalo Grove Illinois? I think it's great for buyers and for those who price their home aggressive.! 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 Buffalo Grove 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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