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 button, complete 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
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.
The above blog post was written by Judy Greenberg.
THE JUDY GREENBERG GROUP
Coldwell Banker Residential Brokerage
THE GROVES OFFICE
4192 IL Route 83 #F – Long Grove, IL 60047
Oh, by the way, I'm never too busy for referrals!