2011 has come and gone and from some in the Buffalo Grove real estate market it was a good year and for others it was not.

The year end market reports for the Buffalo Grove Real Estate market are mixed. Existing detached sales were down 4.3% in 2011 from 2010, but existing attached homes sales were up 6.7%. While these number are nothing too drastic, the numbers that are, are the average sales amounts. The average sales amount of a detached single family Buffalo Grove home in 2011 was $305,990 down 12.5% from $349,804. The number for the attached housing market reads similar, at an average of $141,052 per home down 15% from $165,910.

We have been saying it all year in each and every market report blog we write. NOW IS THE TIME TO BUY! Prices are low, interests rates are low, and there is a surplus of homes on the market, so there are a lot of choices when shopping for a home in the Buffalo Grove real estate market.

If you are a seller we know it is tough. We deal with this hectic environment each and every day. What we can tell you is that statistically prices have been dropping for a few years now. Unfortunately, the end is not near with what analysts are saying is record numbers of inventory siting in the wings waiting to be released by the banks as foreclosure properties. What we are advising is that if you want to sell and purchase and new home you should do it now. Yes, you are possibly losing money on your sale, but that your loss is likely to get larger over the next couple years. When you buy you must consider that you will be making up part of the loss by purchasing low and at record low interests rates.

Please visit the links for this years 2011 Buffalo Grove Real Estate Market Reports.

View Full Year To Date Attached Buffalo Grove December 2011 Market Report

View Full Year To Date Detached Buffalo Grove December 2011 Market Report

View Full Month To Date Attached Buffalo Grove December 2011 Market Report

View Full Month To Date Detached Buffalo Grove December 2011 Market Report

Please contact me, Sharron Kelley, today at 847-465-3638, for the latest updates on Buffalo Grove real estate. Click here for free access to the Buffalo Grove MLS, to view all available Buffalo Grove Real Estate, Long Grove Real Estate, Vernon Hills Real Estate and Palatine Illinois Real Estate.

www.120ScottRoad.com

Fabulous 11,500 Square Foot All Brick 6 Bedroom, 7.5 Bathroom Custom Home on 2.97 Acres. This Amazing North Barrington Home Sits Back in a Wooded Area and Wraps Around Back With an Amazing Deck, Huge Yard, In ground Pool, Hot Tub & Waterfall. The Brand New Lower Living Area Walks Out to This Beautiful View.

This Home Features 4 Fireplaces & All Custom Mill Work Throughout, With Old World Hand Crafted Built-in’s. The High End Gourmet Kitchen Includes 48” Raised Upper Cabinets, Granite Countertops, Two Sub Zero Refrigerators, 2 Islands, plus more and a Floor to Ceiling Window Paned Eating Area With a Gorgeous View.

The Master Suite Has a Sitting Area with a Fireplace, a Completely Custom Closet and a Luxury Bathroom With His & Her Sink, a Spa Tub & Oversized Glass Shower. All of the Bedrooms in this Barrington Beauty Have Attached Bathrooms.

The 4500 Square Foot Full Finished Basement is set up for an In-law arrangement & walks out to the Amazing Pool Area. The Basement Features 2 Bathrooms, a Bedroom, Sitting Area, Full Kitchen, Great Room, Theater Room, Family Room & Exercise Room. What a Stunning Home!

Barrington, Illinois: School and Community Information

• Barrington – http://www.barrington-il.gov/

Barrington Schools:

• Barrington District 220 – http://www.barrington220.org/bhs/site/default.asp/
• Harper College – http://www.harpercollege.edu/
• Barrington High School – http://www.barrington220.org/bhs/site/default.asp/
• College of Lake County – http://www.clcillinois.edu/index.asp

Estate Home at 120 Scott Rd, North Barrington

EXTERIOR FEATURES
• Custom Brick Home with 11500 sq ft of Living Space
• Approximately 3 Private Wooded Acres
• Professedly Landscaped with Blue Stone Entrance
• Circular Driveway with Retaining Walls
• 4 Car Garage with Rear Entry
• In Ground Heated Pool with Auto Vac System
• Hot Tub with Waterfall
• Outdoor Living Area with Tumbled Brick Paved Patio
• Beautiful Deck Overlooking Pool & Patio

INTERIOR FEATURES
• Six Bedrooms & 7.5 Baths
• Fully Finished 4500 sq ft Walk Out Basement
• Insulated Low E Double Pane Glass Windows
• 10 ft First Floor/9 ft Second Floor Ceiling
• Custom Millwork & Built-ins Throughout
• Oak Flooring
• 4 Fireplaces
• Full Surround Sound Audio System with 4 zones and touch screen controls. In Wall Speakers Throughout.

MECHANICALS
• 3 Zone High Efficiency Heating & Cooling System
• 3 Humidifiers
• 3 Electronic Air Filters
• 3 Hot Water Heaters
• Water Softener with Filtration System

2 STORY ENTRY
• Built-in Old World Armoire with German Antique Mirror
• Mahogany Staircase with Wrought Iron Railing
• Hand Crafted Custom Mahogany Door with Lead Glass
• Palladium Window with Lead Glass
• Marble Floors with Granite Inlays

To View Entire The Entire Feature Sheet (PDF)

You can visit our website at www.NorthernIllinoisHomes.com or www.SharronKelley.com for more information on this current listing and see how we get homes SOLD!

If you either have your Vernon Hills real estate listed as a short sale or are considering listing as a short sale one of the things you have probably wondered about is getting the short sale approved with your lender. All real estate transactions are full of  A LOT of paperwork, but a short sale has even more. One of the most important things in taking your Vernon Hills short sale from “For Sale” to “Sold” is the proper short sale application and having ALL of the paperwork requested in order and complete at the time of submitting.

As a Certified Distressed Property Expert in the Vernon Hills real estate market, I can not stress enough the importance of being organized with the paperwork the bank requests from you when selling your home as a short sale.  Submitting a short sale offer with incomplete information can lead to a denial in the offer. If you are not this far along in the short sale process you are probably wonder what all if this paperwork I keep referring to is. I have put together a list for you below so you can be prepared when you get an offer on your home.

Financial Information

• Tax information
  • Two most recent 1040′s
  • Two most recent W2′s
• 60 days of current bank statements
• 30 days of current pay stubs or commission check stubs
• If self employed-pay stubs or YTD profit and loss statement
• Monthly budget/financial statement signed and dated same day as P&S

Don’t miss this one of a kind Long Grove home situated in an elegant country setting. This Long Grove short sale is located in cozy Glenstone subdivision with wooded surroundings and stunning views out of every window.

The home has 5 bedrooms, 5.5 baths, a full basement, and an open floor plan. You don’t want to miss this one and at this priced it won’t last long!

For more information on this home call Sharron Kelley and her team today at Coldwell Banker 847-465-3638. You can also view the full blog post on this wonderful piece of Long Grove real estate.

If you would like more information on Long Grove Real Estate, contact me, Sharron Kelley, www.NorthernIllinoisHomes.com for all of your real estate needs at 847-465-3638 or email me at Sharron@NorthernIllinoisHomes.com.  I would be happy to offer information on market pricing in regards to homes in Long Grove IL.  I also specialize in Buffalo Grove Real Estate, Vernon Hills Real Estate, andPalatine Real Estate.

Round Lake Tree Lighting

Friday December 02, 2011 – 6pm

This year’s Tree Lighting event is scheduled for Friday, December 2, 2011 at 6:00 p.m. at Village Hall. Every 1st Friday of December we hold this event to welcome the holiday season. Hot Cocoa and cookies are a usual treat along with special guest, Santa! Come with your family and partake with your friends and neighbors!

Location

Round Lake Village Hall
422 N. Cedar Lake Rd.
Round Lake, IL 60073

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Hawthorn Woods Tree Lighting Ceremony

Friday December 02, 2011 – 6pm

Kick off the holiday season with the Annual Hawthorn Woods Tree Lighting at Village Hall, and then come meet Santa in the Barn.

Location

Hawthorn Woods Village Barn
2 Lagoon Dr.
Hawthorne Woods, IL

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Island Lake Tree Lighting Ceremony

Friday December 02, 2011 – 6pm

Come out and enjoy the annual tree lighting in Island Lake. Admission is free.

Location

Island Lake Village Hall
3720 Greenleaf Ave.
Island Lake, IL

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Mundelein Tree Lighting Ceremony and Fireworks

Friday December 02, 2011 – 6pm

Come out for the annual tree lighting and fireworks. Kids will enjoy watching the tree light up and then Santa’s Cottage will open after the ceremony. Free event.

Location

Karcklauer Park
Seymour Ave and Courtland St.
Mundelein, IL

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Wauconda Tree Lighting Ceremony

Friday December 02, 2011 – 6pm

Get into the holiday spirit at the annual Tree Lighting event. Santa will arrive on a fire truck to greet the boys and girls of Wauconda. Then come inside after the tree is glowing and enjoy a winter wonderland of crafts, games, and stories. Bring your camera to take a picture with Santa. Goody bags available while supplies last and light refreshments will be served.

Location

Community Center
600 N. Main Street
Wauconda, IL

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Barrington Aglow and Tree Lighting Ceremony

Saturday December 03, 2011 – 1pm – 7pm

A holiday tradition not to be missed! Free carriage rides, strolling Madrigal Singers, hot chocolate and cookies, extended evening store hours in shops and restaurants. Santa arrives on the Barrington fire engine at 5:00 p.m. to light the Christmas tree. After his arrival, Santa will visit with children in his red Santa House on South Cook Street, checking his list twice to make sure all who visit him have been good this year. Remember to bring a camera to capture those memorable moments with Santa.

Location

Downtown Barrington
Downtown Barrington
Barrington Area, IL

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Lindenhurst Park District’s Holiday Tree Lighting

Saturday December 03, 2011 – 4:30pm – 6pm

Holidays are a time for families and friends to come together. Join the Lindenhurst Park District for the traditional lighting of the Holiday Tree. Santa himself arrives in high style, escorted by the Lake Villa Volunteer Fire Department. Afterwards, enjoy snacks, juice, Free crafts for the kids, Free children’s raffle, and performances by the Engle Junction Preschool and the Lindenhurst Park District’s Dance Program. Feel free to bring a camera to capture your child’s delight when they sit on Santa’s lap.

Location

Lindenhurst Park District
2200 East Grass Lake Road
Lindenhurst, IL

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