Archive for the ‘Housing Trends’ Category
What Buffalo Grove Real Estate Buyers Are Looking For
In today’s competitive real estate market there some features that almost every buyer seems to want. Here is our Buffalo Grove Hot List in no particular order.
- 42″ cherry kitchen cabinets
- Hardwood floors
- Granite Counter tops
- Updated Baths
- Kohler Plumbing Fixtures
- Tierd woood Decks
Call or visit our web site. We will show you where to get all these GOODIES
Buffalo Grove Market Activity
With so many questions about the economy and the overall market, its very important to be knowledgeable before making any purchase or sale in real estate.
So how does the Buffalo Grove real estate market look these days?
Currently Buffalo Grove 156 homes for sale with an average of $ 430,241 list price and a average market time of 164 days. There are 261 condos and townhomes for sale with an average price of$198,303 and a average market time of 201 days. Since January thru May there have been 95 sales of homes with an average sale price of $349,377. There have been 94 sales of condos and townhomes from January thru May with an average sale price of $161,444.
Contact us for the most up to date information regarding the Buffalo Grove home market or surrounding areas such as Long Grove, Lincolnshire, Hawthorn Woods, Kildeer.
SHORT SALES ARE ANYTHING BUT
Today I showed houses in Des Plaines to a couple. Most of the homes I showed were short sales. A short sale is a situation where the sale proceeds are less (short) of what is owed on the mortgage.
Probably the biggest difference between a short sale and a regular home sale is that the process can take much longer. Since the the decision to accept an offer is being made at least in part by a financial institution, it can take weeks or even months to get an answer. If you want to be in a new home fairly soon, don’t waste your time considering short sales. If you can wait a short sale can be a good deal.
If you are considering buying a home, schedule a time to talk to me. If you have a question email me.
Median home prices rise, trends positive
In my continuing series of why to buy in Buffalo Grove now I give you some more statistics to ponder. I’m suggesting that Buffalo Grove real estate is a great bargain right now. Look at the latest statistics. Even the press is positive.
The median price of homes sold in Chicago area rose 3.2 percent in April from a year earlier.
The first annual increase in nearly two years The Illinois Association of Realtors said Monday.
The median price of existing single family homes and condominiiums sold in Chicago was
$225,000 last month. Sales spiked 41.1 per cent to 1,985 as buyers took advantage of federal
tax credits. In the Chicago area Nearly half of Illinois counties reported home price gains. including
Cook and Lake counties.
To find the best buy in Buffalo Grove real estate call Ed Garfield and Sharon Benjamin today before everyone else figures it out…
A Single Woman has a 1 in 5 chance of Buying your Buffalo Grove Home
Single women are 20% of real estate buyers
What if I told you that last year 21% of home purchases were made by single women, while unwed males were 10% of the buyers? This was actually actually contained in a report by the National Association of Realtors. This is a dramatic shift from 1981 which was the first year the numbers were tracked. In 1981 single women and single men each accounted for 10% of home sales.
Some industry professionals have been slow to take note of the single woman purchaser phenomena in real estate. The numbers have held steady at 20% for more than 5 years. The Urban Land Institute reminded Realtors® at its’ conference in late April to expect big numbers of young single buyers.
When you work with Ed Garfield and Sharon Benjamin to sell your property you can count on decorating and staging advice to attract the most likely buyers and on experience to close the sale.
Experts Predicting Rising Real Estate Prices
I have been selling real estate in the Buffalo Grove area for over 30 years. My feeling is that there is a fabulous opportunity to buy real estate in Buffalo Grove and the surrounding areas. I’m a Realtor and it is my job to sell real estate. In order to back up what I’m saying I thought you might want to see what an outside expert thought about the market.
HOUSING PRICES TO RISE 3-5% THIS YEAR: JOHN PAULSON; CNBC.com
John Paulson the hedge-fund manager who made $15 billion shorting the real estate market, said that he expects housing prices to rise between 3-5 percent this year and another 8 to12 percent in 2011. Paulson, said home ownership is the most affordable it has been in 50 years. He said residential real estate is 60 percent more affordable than it was at the peak of the housing bubble.
I can’t stress enough that it is a great time to buy. Buffalo Grove is a great town to buy in. Search listings on my site now and see what is available. Search Buffalo Grove Area Homes For Sale
If you would like the view any of these homes, call me, Ed Garfield at 847-541-5000.
Buffalo Grove Real Estate Sales Activity Rising
There were 19 single family properties in Buffalo Grove that were reported sold in April with an average sale price of $390,627. The average sale price was a very respectable 95% of asking price.
Attached properties, condos and townhomes, in Buffalo Grove had an average sale price of $156,418 based on 20 sales. For condos and townhomes the ratio of list price to sale price was 90%.
Based on over 30 years experience as a Buffalo Grove Realtor I have a strong feeling that number of sales and prices will continue to increase.
My advice is Buy Now!
Where Are Buffalo Grove Real Estate Prices Going?
No one can say for sure what the future housing market will be like…
…but some agree that the time to buy is sooner rather than later.
Home Buyers and sellers would love to gaze into a crystal ball this spring and have a clear view of the housing market’s future. With Uncle Sam’s housing incentives about to end, and a job recovery is underway even the brainy economists are wondering how fast the nation’s real estate market will rebound.
What the forecasts point to is a very clear view in the that crystal ball. If you are planing to buy a home better do it sooner rather than later and lock in a low rate now on a mortgage.
My prediction is if you call Ed Garfield and Sharon Benjamin you will get great service and years of market knowledge to help you find the best buy in the Buffalo Grove area.
Photo credit http://www.flickr.com/photos/bitterjug/ / CC BY 2.0
Using Colors in Decorating
Color can bring harmony into your life. Before you decide on your colors, decide what you prefer:
Monochromatic colors – where all the colors are in the same family
Analogous colors – imagine colors that are side-by-side in a rainbow
Complementary colors – where you choose opposite colors that can be very dramatic like black & orange.
Colors bring the emotion into your home. They tell who you are.
Decorating Tricks: Picture frames should blend with and complement your artwork, not the room color.
Put a frame around your large bathroom mirror. It will change the look to be more spa-like or sophisticated and will add just the right finishing touch. While you are at it, paint your bathroom in a relaxing shade. This can be very calming.
The team of Ed Garfield and Sharon Benjamin put Ed’s over 30 years of real estate marketing savvy in Buffalo Grove and Chicago’s Northwest Suburbs with Sharon’s impressive credentials in the decorating field to work for you. Call Ed or Sharon at 847-541-5000 to put their experience to work for you.
What Buyers in Chicago’s Northwest Suburbs Want Might Surprise You
Changing House sizes in Chicago's Northwest Suburbs
You might call this post NEW House Alert! or Changing Times!
After World War II, it became an American dream to own a house. Then, the dream grew to a house with a garage, then a two-car garage, and a three-car garage. Houses got bigger and bigger over time with the square footage growing every year until around 2005 when houses began trending down in size.
Today, home buyers are very, very value-conscious and they don’t want to pay for space they don’t use. Houses are getting smaller is the bottom line.
Call us to find a house in the in Chicago’s Northwest Suburbs including Buffalo Grove, Wheeling, Long Grove, Skokie and the surrounding areas. We will find you a home just the right size.
