Homes for Sale > Real Estate Market > Illinois Real Estate Market > Buffalo Grove Real Estate Market

Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Buffalo Grove. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-525-7487 or 847-894-0891

Average Home Price $325,000 - View Graph Trend
Average Price Compared to Last Year Down 15-20%
Average Time on Market More than 120 days
Best Selling Price Range$350,000 - $399,000
Worst Selling Price Range$650,000 - $699,000
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Buffalo Grove isIncreasing
Seller Activity for the past 90 days in Buffalo Grove is?Increasing
Multiple Offers?Yes
Multiple Offers CommentaryA large inventory of homes are priced to sell, so many times it is not uncommon for multiple offers to occur.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?15-20%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersDana and Sadie work with many experienced lenders that are able to secure loans for their clients.
Housing Inventory Good supply - Some Prices
Inventory CommentsThere is a large supply of wonderful single family homes, condos and townhomes in Buffalo Grove. So many are updated with motivated sellers that are ready to sell.
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Buffalo Grove!
Nearest Metro AreaChicago
Housing Hot SpotsMost cities within the Lake & Cook County area are considered ’Housing Hotspots’
Average Sold Price $325,000 - View Graph Trend
Buffalo Grove Local News


News for Buffalo Grove, IL - June 16th, 2010 9:33am
Start thinking about Buffalo Grove Days:Buffalo Grove Days - September 2 - 6, 2010 It was in 1958 that Buffalo Grove residents came together for their first community picnic. This fun filled event is planned entirely by volunteers for the entire Village to enjoy. Today in 2010 Buffalo Grove Days has grown to a five day event which includes: a carnival, live entertainment, parade, fireworks, bingo, food tent, arts and crafts fair, business fair, pancake breakfast, bbq challenge, kids craft tent. New this year the Healthy Kids event will be added to the festivities. As you can see there is something for everyone. Truly, this event is about neighbors, family, and friends both old and new! Come, meet your neighbors and have some fun! Checkout the events and entertainment schedule
http://www.vbg.org/index.aspx?NID=539

News for Buffalo Grove, IL - June 16th, 2010 9:24am
Here are some opportunities for you to check out Buffalo Grove at its best! Buffalo Grove's 4th of July Concert and Fireworks. Sunday July 04, 2010 7:00pm. The Buffalo Grove Symphonic Band delights with a special two hour pre-fireworks concert. This large and full range band has impressed audiences and performs a variety of classic and contemporary symphonic band pieces as well as accompanies the BG Singers. The annual fireworks display will immediately follow the concert with excellent viewing from the Rotary Village Green, the Buffalo Grove Golf Course or Willow Stream Par Rotary Village Green Northside of Old Checker Rd Buffalo Grove, IL For more information, visit: http://www.vbg.org/index.aspx
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June 2010 (2)


Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Dana Cohen and Sadie Winter
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