housing market

Buffalo Grove Real Estate Housing Market Statistics for February 2010!

This is the latest Market Data Report for Buffalo Grove Homes from RANWC Year to Date:

22 homes were sold through February 2010 verses 15 homes in 2009 which is a 46.7% increase

The Average sale price through February 2010 is $311,364 verses $353,660 which is
down 12.5%

The Medium sale price through February 2010 is $292,000 verses $267,000 in 2009 which is up 9.3%.

The attached chart shows the market statistics for detached homes and highlights the surrounding towns closest to Buffalo Grove.

The good news is that lower price range is moving up which is expected. The first time buyer is leading the market and is serious about purchasing as we do not for see the tax credit being extended again. The move up buyer is the market that is hardest hit and will take longer to recover.

In the next several weeks The Sharron Kelley Team will be introducing a new program that will help our clients attract new buyers to their homes and will be exclusive to our team. For more information please contact me at 847-465-3638. Until next time have a great month.

To View The Full Year to Date Market Report for Detached Homes

To View The Full Year to Date Market Report for Attached Homes

To View The Full Month to Date Market Report for Detached Homes

To View The Full Month to Date Market Report for Attached Homes

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housing market

Buffalo Grove Real Estate Market Data Report for January 2010

The Market Data Report for Buffalo Grove Homes from RANWC shows as follows:

12 Homes were sold in January 2010 verses 6 Homes in 2009.

The Medium sale price in January 2010 is $312,583 verses $351,067 in 2009 and is down 6.7%.

The chart below shows the market statistics for detached homes and highlights the surrounding towns closest to Buffalo Grove.

Is the Market Going to Turn Around in Lake County Illinois?

The good news is that Vernon Hills, Kildeer, Long Grove, Hawthorn Woods, and Libertyville pricing has gone up in January. This is very good news for everyone, I know it is early in the year, however homes are selling.

We just sold another home in the Buffalo Grove Rolling Hills subdivision www.1923Sheridan.com

As 2010 continues we can look forward to an upswing in real estate. I know that from last year this time, business is already picking up for me. Although last year was one of the worst for me in a long time, I was still able to top off as the #1 Agent at Coldwell Banker in Buffalo Grove and #3 in the Northwest Region.

As we see a small turn in the market, I am looking forward to a great year from myself, my fellow real estate agents, home buyers and home sellers.

Full Market Report Lake County Illinois Suburbs Detached (PDF)

Full Market Report Lake County Illinois Suburbs Attached (PDF)

I you are looking for more information about the Northwest Suburbs of Illinois including Long Grove, Buffalo Grove, Vernon Hills, Libertyville, Hawthorn Woods or Palatine give The Sharron Kelley Team a call at 847-980-0426 or email me at sharron@northernillinoishomes.com

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housing market

Buffalo Grove Real Estate Housing Market Information

What is going on in the Buffalo Grove Market?

We are continuing to see home sales rise in many of the Lake Country Illinois suburbs including Buffalo Grove.

So What do you do When selling your Buffalo Grove Home?

The first step is to talk to a knowledgeable agent who knows the area. Every seller needs to look at an agents credentials and ask them:

What are you going to do to sell my home?

Our team gives your home the exposure that it needs. We come up in top searches of goggle, yahoo and even pay for sponsored searches. We advertise in newspapers in print and online. Coldwell Banker Online, Northernillinoishomes.com, Realtor.com and many other websites are the heart of our business.

We can go on and on about the website exposure your home we have but you need to see it for yourself. View our Exclusive Marketing Plan (PDF) and you will know you will be dealing with a great team, the number one team at Coldwell Banker in Buffalo Grove.

Just like Forest Gump said “Life is like a box of chocolates, you never know what you are going to get.”

Ever seller feels like they have the piece of chocolate that a buyer wants. Every buyer knows that they get to sift through the box of chocolates, take a bite and see which one they like.

I’m here to tell you that in either one of those situations you need an experienced real estate agent that is going to represent you, the buyer or seller so you benefit based on your situation.

Whether your home is short sale, you don’t have to move or want to; if you are relocating, looking to buy an investment property or you are a first time home buyer, the Sharron Kelley Team is here to help you.

Below is very useful information on the housing market in Buffalo Grove and many of suburbs in Lake County Illinois. Contact us for all of your real estate needs because we know how to get the job done.

Full YTD Detached Housing Market Report

Full YTD Attached Housing Market Report

Full MTD Detached Housing Market Report

Full MTD Attached Housing Market Report

The Sharron Kelley Team is a Buffalo Grove, Vernon Hills, and Long Grove Specialist. If you are looking to Buy or Sell in the Vernon Hills School District or Stevenson High School District we are the team for you.

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Vernon Hills Coldwell Banker’s Latest News On Market Share in 2009

The past 12 months Coldwell Banker and Remax have been neck in neck for the Market Share housing market in Vernon Hills. It is with great pride that I show the flow chart below that features the Top Vernon Hills Real Estate Companies.

Most sellers today will interview more then one company when deciding who will represent them in selling their home.

Listing Your Home in Vernon Hills!

I have been working the Vernon Hills real estate market for many years and have sold many Vernon Hills homes including quite a few homes in Gregg’s Landing. When choosing a realtor you need to ask them key questions that are going to be the deciding factor of who is going to sell your home.

Yesterday I posted great information that includes the questions you want to ask when looking to list your Vernon Hills home. (Click here to view)

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Palatine Real Estate News on the Housing Market

I have been writing recently about the housing market and how the market is down which is not new to anyone. Because the housing market is down pricing your home right is what is going to sell your home. This is important for both buyers and sellers.

Real estate agents are getting bad reputations now a day for something that is completely out of our hands. Please remember we do not control the economy and the housing market.

We are here to represent the buyers and sellers and use the knowledge we have, in the best way that we know how, in order to get what our buyers and sellers want.

That is why it is so important to work with a knowledgeable agent, in my case a team of agents who know what your needs are, and we make sure that you get taken care of.

I am continueing to blog about different towns and keep you informed regarding Palatine real estate.
The months supply in Palatine Illinois has reduced from 12.46% from last year this time to 8.66%. This can be contributed to the average sales price dropping 16.16% and the amount of short sales that have been bought up.

In the last 6 months 13% of the sales have been short sales and foreclosures. People are either selling low or pulling their house off the market.

That is not an option for everyone as some people have to sell, so pricing your home right with an experienced and knowledgeable agent is what is going to set your home apart from the rest of the homes on the market.

Please contact us for more information on Palatine Homes and the surrounding areas in Cook County Illinois.

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

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Vernon Hills Real Estate Market Update For The New Year

Vernon Hills Real Estate has been affected by this down housing market, but the numbers aren’t as bad as other surrounding areas.

Everyone seems to be coming to terms with how selling your home today will affect your pocketbook. The Wagner appraisal report below that is pulled from the MLS shows that while in January of 2009 the home inventory months supply was 8.7 months, it has lowered 5.8% to 8.26 months on the market in January of 2010.

Although this report shows a 12 month change in the market, I want to touch on how almost 15% of the Vernon Hills Homes sold have been short sales and foreclosures in the last 6 months. This is bringing the inventory down and the prices of Vernon Hills homes.

In Vernon Hills!

You can look to get about 12% less then what your asking price is unless you price your home aggressively to sell.

Although this may not be the news you want to hear, the lenders are using these numbers to appraise out your home whether you are buying, selling or refinancing. We understand the importance of the information that affects the housing market and one of the biggest investments that people make.

Please contact us for more information on Vernon Hills Homes and the surrounding areas in Lake County Illinois.

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

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