Long Grove Real Estate Market Update- by Long Grove Realtor, Judy Greenberg- September 2010
How is the Long Grove real estate market doing? Everywhere I go these days, whether at my son's flag football games , Stevenson's open house, or even earlier in the morning walking my dog, friends and neigbors are asking me the same question, how is the Long Grove Real estate market doing? If you want my complete answer, we need to meet for coffee. 
Here is my condensed version of what is going on!
The Mulitple Listing Service indicates the average Long Grove sales price in the first three quarters of 2009 was $759,770 (see above ) and in the first three quarters of 2010 (see below)the average sales price was only $610,211. That's boils down to a 20 percent decrease in prices in one year. On the bright side, there were 55 homes that in Long Grove in 2010 compared to only 43 in 2009. 
Why the increased number of sales and the lower prices. Seller's are getting more realistic and lowering their prices to be competitive. There are also more foreclosed homes in Long Grove severely affecting the prices.
In today's Long Grove real estate market the sellers have to be extremely cognizant of the other homes on the market. There are 132 homes currently on the market in Long Grove, and an additional 9 homes that are currently undercontract. With only 55 homes sold in 9 months and 141 homes on the market, what should a potential seller do?
First and foremost, it is so extremely important to hire a realtor who knows the area! It is the Realtor's job to position and reposition the price of the home when the home is on the market. The home has to meet two criteria in this market to sell. The home has to be the prettiest and the least expensive for it to be the next home to sell. In other words, the home has to win both a price war and a beauty contest! There are currently
If you are a potential buyer in the Long Grove area, this is the time to get your best deals.
Click here for the available Long Grove homes
The above post ,Long Grove Real Estate Market Update September 2010 by Long Grove Realtor, Judy Greenberg was written by Judy Greenberg
Judy Greenberg's websites www.movetolonggrove.com and www.buffalogrovehomes.com all the information regardless as to providewhether you are a potential buyer or seller. If you are a first time home buyer trying to determine how much you can afford, or an experienced buyer who is selling your home, Judy can help you with all your real estate needs . As a seller you benefit from Judy's savvy internet marketing skills and strong negotiating skills, and as a buyer you benefit from her passion for finding you your perfect home!
Judy can be reached at 847-602-5435 or via email at info@buffalogrovehomes.com. Judy has helped people move in and out of the Chicago Northwest Suburbs. including but not limited to , Long Grove, Kildeer, Buffalo Grove, Lincolnshire, Vernon Hills, and Hawthorn Woods.
