Buffalo Grove Real Estate 2009 stats
As a Buffalo Grove realtor, everywhere I go, people are asking me how is the real estate market doing? Before I answer this 64 dollar question, I want to pose to them one question, are you a potential buyer or a potential seller?
Well folks, here are the 2009 Buffalo Grove Illinois real estate facts!
In Buffalo Grove 205 single family homes and 211 condos/townhomes sold in 2009. The average price of a single family home in Buffalo Grove 2009 sold for $360,421 and a condo/townhome sold for $189,687.
How do 2009 Buffalo Grove statistics compare to the 2008 Buffalo Grove real estate statistics?
Almost t he same amount of single family homes were sold in Buffalo Grove in both 2008 and 2009. In 2009 more condos and townhomes in Buffalo Grove were sold than in 2008. However, Buffalo Grove homes have definately decreased since 2008 making it a great time to buy. These charts also indicate that when the seller's prices reflect current market conditions, it is a good chance that the properties will sell much faster.
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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? I think it's great for buyers and for those who price their home aggressively.! 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 market statistics (or at least to work with a Buffalo Grove REALTOR who does.)
The above article Buffalo Grove- 2009 real estate statistics was written by Judy Greenberg, Coldwell Banker If you would like more information about the Chicago Northwest Suburbs,including Wheeling 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!
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