Buffalo Grove Real Estate Sales and Outlook

Buffalo Grove Market Comparison 2010-2011So, it’s a new year, 2011. Let’s take a look at how real estate in Buffalo Grove has been doing.

If we take a look at all detached residential sales in Buffalo Grove for 2010 we come up with 230 units. This is an increase from 2009 when there was 208.

But how are prices doing?

If we compare 2009 to 2010 we see a decrease in average sold prices from $360,327 in 2009 to $350,170 in 2010. Approximately 2.8% less.

Go back to 2007 till 2010 and you will see at drop in prices of 16.1% for detached homes for Buffalo Grove real estate.

It appears the worst is over. We should be bumping around the bottom for 2011, with a little rebound starting in 2012.

If you have questions about the current market conditions or would like to buy or sell in Buffalo Grove or the surrounding areas, please don’t hesitate to call me at 847-465-3639 or email me

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