Archive for the ‘Buffalo Grove Listings’ Category

Buffalo Grove Real Estate Market Update

Buffalo Grove Real Estate ActivityThe real estate market continues to heat up as we head into the summer. Remember, price is determined by the supply and demand of the product. In this case,the product is housing. Demand or activity is up on a month to month basis. The supply or inventory is down to 5 months for single family homes in Buffalo Grove. The active inventory is still only in the upper 80′s.

Rates are at an all time low. Will the “shadow inventory” tamp down any price increases? Time will tell. But,if you find the house you’re looking for, or are thinking about selling now, it’s a choice of the known vs the unknown.

If you would like information  for where you live, just let me know. I’d be happy to help. Have a joyful and safe summer.

Bonus Information- 5 Tips To Keep Your Information Safe

You don’t realize how important your personal information,or your email is,until it gets hacked or stolen. If I can make one recommendation,don’t use the same email for all your accounts.If you do you’re asking for trouble.

Take a look at the 5 Tips I’ve enclosed,so you can avoid any future problems.

Download 5 Tips to Keep Your Information Safe

Buffalo Grove Real Estate Market Continues To Improve

Buffalo Grove Real Estate MarketAs I mentioned to my clients in a previous email the Buffalo Grove real estate market is picking up steam.  It’s not in all areas , or price ranges but it is moving. Pricing is slowly picking up, especially in 3 bedrooms. The 4 bedroom homes are almost showing a gain.

In Buffalo Grove single family, there are only 87 homes on the market that are not in any contingency. We now have inventory at only 5 months. The marker for a healthy market is 6 months, for buyer and seller. Don’t over analyze the numbers. It’s still a crazy market as a whole . We’re just seeing bright pockets out there.

If you were planning on making a move, now is a good time to be thinking about it.  Interest Rates are scary low. Just food for thought.

If you have any questions about what’s happening where you live, please don’t hesitate to contact me . I’ll be happy to help.

Condo and Townhome Sales-Buffalo Grove

Buffalo Grove Real Estate Sales Condo’s and Townhomes

The number of transactions remained nearly the same for 2009 and 2010.

The sales prices fell 12.6% from 2009 to 20010.

The sales prices from 2007-2010 fell 18.9%

Buffalo Grove Condo Sales 2010

Are you thinking of SELLING/BUYING? Have to consider a short sale or foreclosure? Call me at 847-867-2972, or email me at your convenience.

Now is the time to go to a professional to get a true assessment of your situation.

Aerial Photos© Copyright 2011. Pictometry International Corp

Buffalo Grove Home Sales Over $500,000

The other day we looked at the results of detached homes in Buffalo Grove in relationship to prices,and how they did from 2007-2010,and from 2009 -2010.Let me add one more piece of information regarding homes from $500,000+

Homes Priced from $500,000+ Buffalo Grove

From 2009-2010-Units sold went down from 145 in 2009 to 107 in 2010.Sales prices dropped 3.7% from 2009 compare to 2010

From 2007-2010-Units remained the same for 2007 as well as 2010.Sales prices dropped a cumulative 7.2%,when comparing 2007-2010.

Buffalo Grove Homes Priced over 500000

Are you thinking of SELLING/BUYING? Have to consider a short sale or foreclosure? Call me at 847-867-2972, or email me at your convenience.

Now is the time to go to a professional to get a true assessment of your situation.

Aerial Photos© Copyright 2011. Pictometry International Corp

THE BUFFALO GROVE REAL ESTATE MARKET IS COMING BACK SLOWLY

THE BUFFALO GROVE MARKET IS STARTING TO STABILZE

I believe we are starting to see, barring any catastrophic occurrences pricing starting to stabilize,based on year to comparisons.If we look at single family homes-Buffalo Grove,in all price category’s we see a slightly promising outlook.
Buffalo Grove real estate salesIn comparing prices between 2008 and 2009,we saw prices drop 9.8%.If we compare 2009 to 2010,and annualize it out we would we down 5%
If you take mid year 2008-2009 and compare it to mid year 2009-2010 prices are down 6.5%
For the last two years market time has been basically the same 121 days,and list price to sales price around 90%
.
We are also on pace to have similar total sales per the last three years at 208+ a year.
Inventory is still high but still coming down.
Feel free to comment to ask any questions.

SINGLE FAMILY NEWS IN BUFFALO GROVE

Buffalo Grove Real Estate Market Trends

Buffalo Grove real estate salesI’ve been out of commission, so here’s what has changed in the month leading up to the end of the buyers credit. In the beginning of April there were 210 homes on the market, now there are 231. This is to expected, after all, it is the spring market and we have a $8000. buyer credit.

Here is what has changed. The majority of the sales in Buffalo Grove have been in the 100,000-400,000 dollar range, but what has changed is that sales of 400,000-500,000 homes have doubled in the month. This may mean that we are raising the bar for our purchases, or it’s the last push for the home buyer credit. We will see.

If are curious to know how the market in Buffalo Grove did compared to a year ago here you go. In a years time sales increased 21%, prices went down 8.4%. I will keep an eye out to see where the trend is going.

Buffalo Grove Single Family Sales and Inventories

Buffalo Grove Real Estate  Sales and Inventories Update

This week the inventory crept up slightly to 210 homes on the market. Slightly more than last week.

Sale’s in the $400,000+ range were constant where the $200,000-$400,000 range increased in inventory and fewer sales than before.

Rate’s are slightly higher and prices are still bumping along the bottom with everyone waiting to see what happens after April 30th with the end of the buyer credit.

For the latest information on Buffalo Grove real estate or to make an appointment call Andy Ackerson at 847-465-3630 or email me.

Current Buffalo Grove Real Estate Prices

Great Selection of Buffalo Grove Homes For Sale

If you are looking for a house, and you think Buffalo Grove may be the place, you’re in luck. Currently* there are 194 single family homes for sale, of every age, size, and style. It looks something like this:

$200,000 – $400,000 – 119 homes
$400,000 – $500,000 – 33   homes
$500,000 – $1,000,000+  – 42   homes

Buffalo Grove Real Estate Prices

There is a great selection of single family homes for sale in Buffalo Grove

So if you’re looking in the price range with the most demand 200,000-400,000 you’ll have a nice variety to look at. Just go to my web site and look at the Northern Buffalo Grove Subdivision map, pick out a neighborhood, click, and it will show you the price range of the homes.

Cook County Buffalo Grove is coming. Happy searching. I am always just a phone call or email away if you have questions or would like to see some homes.

P.S The hottest range $400,000-$500,000 when looking at contract pending’s.

*Prices current week of March 15, 2010