Buffalo Grove Homes
Buffalo Grove Real Estate: Housing Market Report for July 2010
August 31, 2010 by Alicia · Leave a Comment
What a pleasure it is to share that the Year to Date Sales of Buffalo Grove Homes and Buffalo Grove Townhouses are on the rise in 2010. The Realtor Association of Northwest Chicagoland is showing for July of 2010 a 38.8% increase in Buffalo Grove Single Family Homes Sales and a 44.3% increase in Townhome and Condos Sales. The median sales price has increased 15.4% on single family homes and is down 11.1% on attached home sales. The Buffalo Grove Real Estate Market is growing stronger even without the first time home buyers tax credit. Low interest rates and reasonable prices of homes are keeping buyers active in the market. Although market time for home sales may not be what it was 5 years ago, sellers with patience and a good realtor can get their home sold for fair market value.
Please view the market reports in full below to see information on Buffalo Grove and all of the surrounding towns of the Northwest Suburbs. For more information on Real Estate in Buffalo Grove or to get a FREE Home Market Report by The Sharron Kelley Team please contact me, Sharron Kelley at 847-465-3638 or email me at sharron@northernillinoishomes.com. We work for our home sellers and buyers to get the job done.
Full Year to Date Housing Market Report Attached Homes
Full Year to Date Housing Market Report Detached Homes
Full Month to Date Housing Market Report Attached Homes
Full Month to Date Housing Market Report Detached Homes
Click Here To Search for Single Family Homes in Buffalo Grove for FREE!
Click Here To Search for Condos and Townhomes in Buffalo Grove for FREE!
Click Here to Seach for Buffalo Grove Short Sales and Foreclosure Properties for FREE!
Visit my website monthly for Lake County Real Estate market updates www.NorthernIllinoisHomes.com
Buffalo Grove Homes
Buffalo Grove Search by Subdivision
July 12, 2010 by Alicia · Leave a Comment
Homes for Sale in Buffalo Grove Subdivisions
Buffalo Grove Homes
Buffalo Grove Real Estate: Homes for Sale
July 10, 2010 by Sharron · Leave a Comment
BUFFALO GROVE CONDOS & TOWNHOMES IN BUFFALO GROVE
BUFFALO GROVE SHORT SALES & FORECLOSURES IN BUFFALO GROVE
If you are looking to buy a Buffalo Grove Home I can provide you with up to date information on Homes For Sale in Buffalo Grove that come directly to your email. The home search is FREE.
Click Here For Your FREE Home Search
Buffalo Grove Real Estate
Buffalo Grove Homes
Buffalo Grove Home Sales: Housing Market Report June 2010!
July 7, 2010 by Sharron · Leave a Comment
Homes in Buffalo Grove are selling!
Over the last 3 months 131 single family Buffalo Grove homes have closed or are pending closing as well as 119 Buffalo Grove condos and townhomes. This is good news for Buffalo Grove Home Owners who are selling their homes. There is an average of 9.23 months supply of homes on the market and the days on the market is around 180 days.
Buyers are out there looking for a perfect home at the right price, and these market reports I am sharing will give you an idea on what the Buffalo Grove market is like in June of 2010. Please look at these reports and contact me, Sharron Kelley your Buffalo Grove Realtor at 847-465-3638 or email me Sharron@NorthernIllinoisHomes.com with any questions about Buffalo Grove Real Estate.
Buffalo Grove Single Family Homes
Buffalo Grove Condos & Townhomes
Click To View the June 2010 Detached Full Housing Report
Click To View the June 2010 Attached Full Housing Report
Click Here To Search for Single Family Homes in Buffalo Grove for FREE!
Click Here To Search for Condos and Townhomes in Buffalo Grove for FREE!
Click Here to Seach for Buffalo Grove Short Sales and Foreclosure Properties for FREE!
Visit my website monthly for Lake County Real Estate market updates www.NorthernIllinoisHomes.com
Buffalo Grove Homes
Good News for Buffalo Grove Home Sales!
June 30, 2010 by Alicia · Leave a Comment
The latest report from the Northwest Realtor Association regarding the Buffalo Grove Home Sales through May is looking good. Sales are up from 2009 and so is the number of homes that were sold in Buffalo Grove this year.
In 2009 we had 54 single family homes sold through May and this year we have 89 single family homes sold through May. That is an increase of 64.8%. The average sales price has gone up 2.3% from $339,323 to $347,062 as well. Most of the surround area’s are still in declining numbers so although this is a small increase in pricing, it is a major factor as to why people still favor Buffalo Grove when searching for a new home.
Buffalo Grove Home Sales are Recovering!
When working with buyers the one constant comment that always comes up is the School District in Buffalo Grove and Stevenson High School is a huge draw. The buyers would rather purchase a smaller home in Buffalo Grove then go for a larger home in the Northern Suburbs. That speaks volumes for our Buffalo Grove home values.
Buffalo Grove also has a great park district, sports for kids including Soccer, Baseball, Skating, Hockey, Tennis and anything else you can think of. It is a wonderful place to raise kids, and has easy access to the Metra for downtown commuting.
For those who like Golf there are two wonderful Buffalo Grove golf courses in the area, so you do not have to travel far to get on the links. You can also enjoy the surrounding Country Clubs in Long Grove if that is your fancy.
I love Buffalo Grove as you can see if you are looking to buy or sell a Buffalo Grove Home, call your local Buffalo Grove Realtor, Sharron Kelley out of Buffalo Grove Coldwell Banker at 350 Half Day Road 847-465-3638 or email me at sharron@northernillinoishomes.com. You can also visit my website www.NorthernIllinoisHomes.com for all of your Buffalog Grove real estate needs. Click here to search Homes in Buffalo Grove.
Click to View Full Monthly Report for Detached Homes
Click to View Full Monthly Report for Attached Homes
Click to View Full Year to Date Report for Detached Homes
Click to View Full Year to Date Report for Attached Homes
Buffalo Grove Homes
Selling Your Buffalo Grove Home? Helpful Hints if Your Appraisal is Too Low!
June 17, 2010 by Sharron · Leave a Comment
Many potential home buyers in Buffalo Grove are not qualifying for a loan due to the fact that the home value is not there. Bank foreclosures are putting more distressed inventory on the market and making it harder for appraisers to justify the Sold home comparables in Buffalo Grove. If the appraisal is too low, the buyers may not be able to borrow enough money to close on their Buffalo Grove Home purchase. Here are several steps to consider:
Check the Appraisal for Mistakes:
Make sure the property dimensions are correct and be sure to attach a plat of survey and a floor plan if available for the Appraiser. Look at the comparable properties that the appraiser used and make sure that they are correct. If the appraisal indicates that one of the comparables has a finished basement and it does not, that could significantly change you property value.
Supply a list of Comparable Sales:
Have your agent put together a recent list of Sold Buffalo Grove Homes that justify the sale’s price of your home. These properties should be of similar style, size and age to your home. This list should be submitted to the underwriter and ask for a review of the current appraisal. If there are not enough properties that have closed in Buffalo Grove, we can request that the underwriter look at the pending sales in the area. While a pending sale does not submit for a closed sale, it is possible to wait until that property closes and have the appraiser do a reconsideration of value with a date after the pending Buffalo Grove Home has closed.
Increase the Buyer’s Down Payment:
There are several ways a great lender can absorb some of the closing costs that can help the buyer put more money down.
Last but not least it is Sometimes Necessary to…….
Renegotiate the Sales Price:
This recently happened to me with a Buffalo Grove Home Sale and we did take all of the above steps and did get a second appraisal. We were able to increase the appraisal price however we were still $5000.00 apart. The buyer wanted the home and the seller wanted to move so the buyer came up $2500.00 and the seller came down $2500.00. We were able to make this work and closed the Buffalo Grove property.
There are many parts to Selling you Home in Buffalo Grove today and working with a qualified agent that goes the extra mile to solve all of the problems that can happen is critical in this market. Make sure to get a list of referrals from the agent that you are speaking with and check them out. This maybe one of the most important decisions that you make.
If you are looking to buy or sell a Buffalo Grove Home, call your local Buffalo Grove Realtor, Sharron Kelley out of Buffalo Grove Coldwell Banker at 350 Half Day Road 847-465-3638 or email me at sharron@northernillinoishomes.com. You can also visit my website www.NorthernIllinoisHomes.com for all of your real estate needs. Click here to search Homes in Buffalo Grove.
