Lake County News, Local Real Estate News

Buffalo Grove Real Estate Is Down But Not Out

This past year had been very challenging for owners of Buffalo Grove Homes and the surrounding towns. The chart on this page is from Wagner Appraisals and the numbers are taken from our Multiple Listing Service.

The market value of the homes in Buffalo Grove has decreased 9.7 percent from the same time last year. The banks will now only let us use sold properties as comparables from the last 6 months. While this may not be the news you want to hear, it is very important to understand this when looking to sell or buy a Buffalo Grove home.

If the home does not appraise at the purchase price, the buyer can not get a loan. Please do contact me and I can further explain any questions that you have regarding the buying or selling process. We have the information you need and would love the opportunity to help you out.

To View The Full Housing Market Report Click Here (PDF)

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