Recap of Long Grove Closed Real Estate Sales in 2008 compared to 2007
In 2008 there were 17 homes that sold at a price of 1,000,000 plus at an average of 79& of their asking price with an average market time of 332 days
In 2007 there were 21 homes in Long Grove that sold for 1000,000 plus at an average of 95% of their asking price with an average market time was 177 days.
That was a huge swing...Why didn't Long Grove homes sell as close to their asking price in 2008 like they did in 2007? The biggest reason is the amount of Long Grove foreclosures and short sales! There have been more foreclosures in Long Grove this year than in the last 20 years combined.
How much did your neighbor's house sell for in Long Grove? I have summarized closed real estate sales Long Grove that sold for $1,000,000 plus . If you want the final closed price of one of these sales, I will be happy to provide it for you. Either call, email or click on 
.
Also, I will be happy to provide you detail on any Long Grove foreclosures.
|
Address |
Closed Date |
|
|
|
4968 |
ASTOR |
8/14/2008 |
|
|
4745 |
WELLINGTON |
8/7/2008 |
|
|
23715 |
MATTHEW |
12/12/2008 |
|
|
6750 |
LAKERIDGE |
12/22/2008 |
|
|
3144 |
CUBA |
12/4/2008 |
|
|
Lot 5 |
Wildspring |
12/19/2008 |
|
|
3995 |
Orchard |
1/15/2008 |
|
|
4724 |
WELLINGTON DR |
7/15/2008 |
|
|
4929 |
THIMBLEWEED |
1/17/2008 |
|
|
6875 |
ELLIS |
3/15/2008 |
|
|
4927 |
Thimbleweed |
8/27/2008 |
|
|
7309 |
GREENBRIDGE |
7/17/2008 |
|
|
2613 |
Wynncrest |
9/25/2008 |
|
|
3727 |
ALBERT |
10/31/2008 |
|
|
1725 |
HOLLY |
9/3/2008 |
|
|
4538 |
ELEANOR DRIVE |
6/27/2008 |
|
|
4721 |
WELLINGTON |
4/18/2008 |
|
If you are planning to sell iyour home in Long Grove in 2009, I recommend that you give yourself plenty of time for the home to sell. Even if you aren't planning to move until late summer or early fall, I recommend that you put your home up for sale in early spring. You will get more for your home, when you aren't rushed or are in the position that you have to sell. One of my clients sold their home last year even though their new home wasn't going to be built until next year. They said that the idea of selling for top dollar was very important to them. By putting the home on the market with time to spare, I marketed the home for top dollar, and in record time. With the price they received, they didn't mind that they had to do an intermediary move.
If you would like to read my strategy tips on how to sell your home in a slow market , please click my strategy series for further information.
If you want more information regarding specific real estate sales, foreclosures or shortsales in the Buffalo Grove, Long Grove, Vernon Hills, Lake Zurich, Lake Forest and Lincolnshire area, please do not hesitate to call me at 847-602-5435 , email me at info@buffalogrovehomes.com
