Long Grove Real Estate Market- Looking for the real estate facts!


Long Grove Real Estate - 2009 Closed Real Estate Sales in Long Grove in last quarter of 2009

Are you curious as to what Long Grove sales were for the last months of 2009. Everyone else in Long Grove seems to be!

Whether you are in the market to buy a Long Grove home or to sell your current Long Grove home, it is important to keep abreast of market statistics (or at least to work with a knowledgeable Long Grove REALTOR who does). Newspapers, national magazines, and television news report on regional and national trends, but don't do a very good job of explaining the local real estate market in Long Grove.   The number of new housing starts nationwide or the percentage increase in foreclosures or short sales in the entire state have very little, if any, bearing on how quickly your Long Grove real estate is worth in the Ravenna, Herons Landing or  BriarCrest. 

Everywhere I go these days, people are asking me the same question, how is the real estate market in the Chicago Northwest Suburbs is doing?   My answer is always dependent  on where or in which segment of the market  you are talking about?  For example, the first time home buyer market is as strong or stronger than ever.      Also homes in desirable neighborhoods, can sell within a few days if the homes are situated in a great location, updated and priced correctly or even aggressively. 

 



 Closed Real Estate Sales in  Long Grove from October 1 through December 31 2009

 

             
Str Name List Price Sell Price Orig List Pr MT Closed Date Subdivision  
OSAGE $350,000 $333,000 $375,000 180 10/22/2009    
CRESTVIEW $420,000 $340,000 $530,000 79 10/15/2009 Oak Island  
WINDHAM $429,900 $425,000 $769,000 730 11/19/2009 STOCKBRIDGE FARMS
Roxbury $530,000 $480,000 $999,900 361 10/23/2009 RAVENNA  
ORCHARD $515,000 $495,000 $539,000 141 11/20/2009 INDIAN CREEK CLUB
BRIARCREST $614,900 $550,000 $798,000 295 11/23/2009 BRIARCREST  
STOCKBRIDGE $675,000 $550,000 $849,000 375 11/20/2009 STOCKBRIDGE FARMS
ROXBURY $600,000 $565,000 $600,000 63 10/13/2009 RAVENNA  
THREE LAKES $649,900 $575,000 $674,900 32 11/9/2009    
LENOX $636,075 $625,000 $940,000 717 10/2/2009 RAVENNA  
TEAL $699,000 $660,000 $869,000 276 11/23/2009 HERONS LANDING
Asbury $650,000 $675,000 $1,237,700 289 11/30/2009 Ravenna  
CARDINAL $799,900 $715,000 $1,099,900 245 12/28/2009 EDGEBROOK DOWNS
ROSEHEDGE $897,500 $837,500 $1,100,000 409 11/19/2009 COBBLESTONE  
ALBERT $1,249,900 $850,000 $1,999,999 467 12/18/2009 Deerwood Estates
ROSOS $1,149,000 $971,100 $1,599,900 700 11/24/2009    
    $9,646,600 $14,981,299

 

 

      
               
           

To recap, these 14 homes sold for 64 percent of the asking price in an average of over 365 days on the market.  There are 118 homes   currently active on the market. 14 of these homes are currently undercontract.

My feeling is that unless you price your home aggressively, it will take you a long time to sell.  If you notice, certain homes in the Long Grove area took over a year to sell.  

 

If you are a  Long Gove real estate buyer, it is definately time to find your dream home.  I moved here 17 years ago, and it is a wonderful time to raise a family.  You have the best of all worlds in Long Grove

 


            
             

About the Author: The above information Long Grove Real Estate Market- Looking for the Real estate facts was written by Judy Greenberg.

I can be reached via email at info@buffalogrovehomes.com or by phone at 847-602-5435.    Have a home to sell in Long Grove Illinois or looking to buy in Long Grove?  I have a passion for real estate and can help you buy or sell your home. 

My websites, www.buffalogrovehomes.com, and www.buffalogroveareahomes.com provide  useful information if you are moving to Long the Chicago Northwest Suburbs

            
             
             
             
             
             
             
             
             
             
             
             
             
             
             

 

 

 

             
             
             
             
           
           
 
 

 

4 comments • Judy Greenberg- Coldwell Banker- Buffalo Grove- Long Grove • January 01 2010 02:12PM