Judy Greenberg Group- Real Results: Long Grove Illinois- How Long Grove foreclosures affected the real estate market in 2008?

Long Grove Illinois- How Long Grove foreclosures affected the real estate market in 2008?

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.

 

                                                                    

long grove home 

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 

  

 

 

 

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 3 commentsJudy Greenberg • December 25 2008 09:29AM

Comments

Hey, great post. Thanks for the information about your area.

Posted by Brian Belcher, Charlotte Realtor (RE/MAX Metro Realty) almost 10 years ago

That is a big swing and I feel sorry for those home owners that have to sell. The ones that don't have to in a few years will be right back to what they bought the homes for and will be back to building equity in their homes.

 

Posted by Respect Realty LLC, Brokers - Oregon / SW Washington Real Estate (Respect Realty LLC) almost 10 years ago
 

yes they look so nice but Foreclosures are such tough on to stomach.

Posted by Paul Gapski, 619-504-8999,#1 Resource SD Relo (Berkshire Hathaway / Prudential Ca Realty) almost 7 years ago

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