The Real Estate Association of Northwest Chicagoland reports show an increase in Buffalo Grove Home Sales on the year to date and month to date reports for both attached and detached homes. (Reports are provided below)
The common trend we see here is an increase in homes sold, an increase in sales price and an increase in the median sales price. This is great for Buffalo Grove home buyers and sellers. For sellers the market is still down so they will see a lower sales price but it is up from this time last year. For buyers they will be investing in a Buffalo Grove Real Estate that is gaining value not losing it.
Out of 94 detached homes, 21 of the sales of Buffalo Grove Homes in 6 months have been Short Sales and Foreclosures. Out of 101 attached homes 38 of the sales in Buffalo Grove in 6 months have been Short Sale and Foreclosures. This can attribute to an increase in home sales as smart buyers are taking advantage of the short sale and foreclosure market. There are currently 28 active and contingent Detached Buffalo Grove Short Sales and 38 Attached Short Sale properties on the market.
Will we see the end of Short Sales for now? It is said that there will be another wave of Short Sales coming on the market in 2011. But as you can see from these reports I am providing, things are looking up.
Buffalo Grove Real Estate Market Reports
Buffalo Grove is a great Northwest Suburb of Illinois to live in. The Buffalo Grove Park District - http://www.bgparkdistrict.org/ provides a ton of opportunities for family fun and activities. The Buffalo Grove Schools provide a fantastic education with a very high success rate. The Village of Buffalo Grove - http://www.vbg.org/ will give you a look into what this township has to offer.
As a Buffalo Grove Real Estate Agent out of Coldwell Banker, I can help buyers and sellers with Homes in Buffalo Grove. If you need a real estate expert, look no further. The Sharron Kelley Team can help you with all of your needs. Contact me, Sharron Kelley at 847-465-3638 or email me at Sharron@NorthernIllinoisHomes.com. Visit my website www.NorthernIllinoisHomes.com for all of your real estate needs.