Judy Greenberg Group- Real Results

Buffalo Grove Condo and Townhouse Real Estate Sales - September of 2008

Are you curious as to what Buffalo Grove  closed real estate sales  were in Sepember?

Whether you are in the market to buy a  townhousehome or to sell your condo, it is important to keep abreast of market statistics (or at least to work with a knowledgeable 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 Buffalo 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 Buffalo Grove townhome is worth in Hidden Lake. 

Everywhere I go these days, people are asking me the same question, how is the real estate market 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.  Those people who were renters and don't have anything to sell are strong buyers and sellers in this market can sell their home relatively fast.    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. 

Do you live next door to someone who just sold their condo and  you wanted to know the sales price?Since it would be considered a faux pas to ask your new neighbors what they paid for their home, just click on the neighbor's house  green buttoncomplete the data on the form including the entire address and I will be happy to provide  you with the information you are looking for. 

 

The chart below is an analysis fo the Buffalo Grove closed sales of attached homes in September

 Buffalo Grove Condo and Townhouse sales in September

 

 

To recap, these 12 homes sold for 86. 7 percent of the asking price.  The inventory is high though.  There are currently 306 homes on the market.   My feeling is that unless you price your home aggressively, it may take you a long time to sell.  The homes in red represent short sales.

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The above blog post was written by Judy Greenberg.

 

If you are looking to buy or sell a home in the Chicago Northwest Suburbs, you have come to the right place...  Call or text me at 847-602-5435
 


THE JUDY GREENBERG GROUP

Coldwell Banker Residential Brokerage
THE GROVES OFFICE
4192 IL Route 83 #F – Long Grove, IL 60047
847-602-5435

info@buffalogrovehomes.com
 

Oh, by the way, I'm never too busy for referrals!

 

 

 

Comment balloon 0 commentsJudy Greenberg • October 22 2008 10:36PM
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