Posts Tagged ‘Buffalo Grove real estate prices’

The Buffalo Grove Spring Market is Starting-Football is Over

Usually, the Spring Market real estate in Buffalo Grove real estate doesn’t start until the Bears are out of the playoffs. Really, as long as the Bears are playing, no one is thinking about real estate. Well this year it took a little longer to start the spring market. Now,that’s a good thing and since the Super Bowl is finished, can you believe it…the Packers, who would have thunk it, we can get started with real estate again.

The question everyone is asking themselves is should I wait? Aren’t prices going to go down further? The answer is, no and yes. I believe that for 2011, prices in the Buffalo Grove area will drop between 3-5%. If January is any sign of what’s to come, we saw single family home sales drop from January 2010 to January 2011. But what we also saw was that prices stayed the same. Hey, it’s a start.

But here’s the bigger question, if I wait what will my real costs be? You know, the price of the house and the interest rate I’ll be paying. Interest rates are on the rise, the rate in November was 4.17%, the rate today is over 5%. Even is prices fall 5%,but rates go up 1%,your costs over time will be greater.

So if you’re thinking of buying a house, go ahead and factor in what you believe to be the price drop, knowing, that if rates rise, and they will, it will cost you more. The bottom line is your cost.

If you have any questions, please don’t hesitate to contact me. Happy Buying!

What Are Buffalo Grove Real Esatae Prices Going To Do?

SHOULD I BUY NOW OR LATER?

Price graph for Buffalo Grove Real EstateThis is a question people keep asking me on a daily basis. Let’s look at some basics. Real estate inventory in the Buffalo Grove area is going up, unfortunately buyer interest is not going up at the same pace. Prices were down, counting all single family homes in Buffalo Grove, from 2009-2010 -2.8%. There will probably be more short sales and foreclosures based on people who bought in 2005-2006 with either 5 or 7 year interest only loans.  When those loans reset,there will be more homes to coming on the market, and a good chance prices will go down. My feeling is we will see a decrease of 3-5% in single family prices.

All of this is predicated on the economy and jobs. The other factor is interest rates. My feeling is interest rates will rise, slightly, but never the less rise. A 1% rise in interest rates means a buyer loses 9% purchasing power.

So you have to decide what do you want to gamble on, price or rate? Still not sure what to do,but would like to lock in a low rate. Call me, I’ll tell you how we can play it.

BUFFALO GROVE REAL ESTATE UPDATE

Buffalo Grove Home Sales and Inventory Increase

Buffalo Grove  Real Estate Sales Increase

Buffalo Grove Real Estate Sales and Inventory Increase

While the inventory increased slightly from last week, so did the sales to basically have a flat week. Prices are still bumping along the bottom with everyone waiting to see what happens after April 30th. It’s still not to late to get your $8,000 credit. You need to have a contract signed by April 30th.

Again the hottest segment is the $200,000-400,000 range,  so if that’s the price range you’re, in take a look.  Maybe you’ll find something you like.

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

Buffalo Grove Offers Real Estate Best Bang For Buck

Buffalo Grove Offers Real Estate Buyers Outstanding Value

Buffalo Grove Real Estate

Buffalo Grove real estate prices range from $200's to $1,000,000+

Are you looking for a house and want to get the best bang for your dollar? Then look no further than Buffalo Grove. Whether you are looking for top rated schools, an excellent park district, or superior police and fire protection, Buffalo Grove offers all of this and more.You are close to the airports, tollways and train. Throw in fitness centers, an abundance of community parks, bike and jogging paths along with close proximity to hospitals, all you have to do is pick a house.

Price ranges are from the low $200′s to $1,000,000+ I’ll talk about different neighborhoods later.

Search for homes for sale in Buffalo Grove and the surrounding Northwest Suburbs of Chicago with no registration from my website.  Search for Buffalo Grove Area Homes.