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Market Trends
Commentary Provided byDana Cohen and Sadie Winter 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 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Chicago | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | No Change | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $400,000 - View Graph Trend | ||
| Best Selling Price Range | $400,000 - $449,000 | ||
| Worst Selling Price Range | $700,000 - $749,000 | ||
| Compared to Last Year | Up 5-10% | ||
| Prices As % of Asking Price | 85-90% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Buffalo Grove is | No Change | ||
| Seller Activity for the past 90 days in Buffalo Grove is | No Change | ||
| Is Financing Available For Qualified Buyers in Buffalo Grove? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Lake & Cook County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Buffalo Grove! | ||
| Average Sold Price | $400,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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CONNECT WITH A LOCAL PROFESSIONAL
Dana Cohen and Sadie Winter
RE/MAX Experts Buffalo Grove, Illinois 847-525-7487 DanaandSadie@agents.househunt.com Agent Home Page
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Buffalo Grove Local News
News for Buffalo Grove, IL - Friday October 23rd, 2009 3:00pm
The tradition of dressing in costume for Halloween has both European and Celtic roots. Hundreds of years ago, winter was an uncertain and frightening time. Food supplies often ran low and, for many people that were afraid of the dark, the shorter days of winter were full of constant worry. On Halloween, when it was believed that ghosts came back to the earthly world, people thought that they would encounter ghosts if they left their homes after dark. To avoid being recognized by the ghosts, people would wear masks when they left their houses after dark so the the ghosts would mistake them for fellow spirits. On Halloween, to keep ghosts away from their houses, people would place bowls of food outside their homes to appease the ghosts and prevent them from attempting to enter.
The American tradition of "trick-or-treating" probably dates back to the early All Souls Day parades in England. During the festivities, poor citizens would beg for food and families would give them pastries called "soul cakes" in return for their promise to pray for the family's dead relatives.
The distribution of the soul cakes was encouraged by the church as a way to replace the ancient practice of leaving food and wine for the roaming spirits. The practice, which was referred to as "going a-souling" was eventually taken up by children who would visit the houses in their neighborhood and be given ale, food and money.


