Buffalo Grove, IL Real Estate News

By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
I am currently at a conference in Phoenix and the knowledge that is coming from this summit is quite amazing.  Many of you are great agents and would be qualified to join.  It is area protected so if anyone is interested I can provide more information.  You also have to qualify based on transaction status as well and be willing to come to the conference and add value to the group. 
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
Buffalo Grove Real Estate 2009 stats   As a Buffalo Grove realtor, everywhere I go, people are asking me how is the real estate market doing?  Before I answer this 64 dollar question, I want to pose to them one question,  are you a  potential buyer or a potential seller?  Well folks, here are  the 2009  Buffalo Grove Illinois real estate facts! In Buffalo Grove 205 single family homes  and 211 condos/townhomes sold in 2009.  The average price of a single family home in  Buffalo Grove 2009 sold for $360,421 and a condo/townhome sold for $189,687.   How do 2009 Buffalo Grove statistics compare to the 2008 Buffalo Grove real estate statistics?        Almost t he same amount of  single family homes were sold in  Buffalo Grove  in  both 2008 and 2009.  In 2009 more condos and townhomes in Bu...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
    Happy New Year to all of my Friends and Clients.  I thought I would share a few of my thoughts regarding the current state of the real estate market in Buffalo Grove.  Although we are in the freezing tundra right now, life is getting back to normal after the holiday.    If you are considering selling your home, now is the time to get the house ready to go.  My team offers a free home consultation with our stager to get the house ready to show.  Most homes will need paint and some carpet.  You have to be very competitive in the market and show well today.  We are also offering a Free Home Warranty through January to anyone who lists their home with us.  We want to help you get your home Sold and move on.    Rates are as low as they will be, and the tax credit will expire on April 30t...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
$8000 First Time Home Buyer Tax Credit Extended and even expanded for Repeat Buyers! . As a full time realtor in the Buffalo Grove/ Long Grove area, I feel that if you don't start now - looking for  a home or putting a home on the market, you will not be able to take advantage of this credit! The Worker, Homeownership, and Business Assistance Act of 2009 has recently extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence.  The bill also authorized a tax credit of up to $6,500 for qualified repeat home buyers.   Your home needs to be undercontract by April 30th, 2010.  Unfortunately for most people, the repeat home buyer credit has not been as publicized as the new home buyers credit.  There are so many questions you as a potential m...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
Buffalo Grove Real Estate analysis for December by top realtor in the Buffalo Grove area.   As a Buffalo Grove realtor, the number one question that I am always asked is..... "How is the Buffalo Grove Real Estate  Market Doing?"  Obviously, my clients ask me this question but I am also asked this question by friends, family and/or acquaintances. I am asked this question at the grocery store, while I am walking my dog, at school functions, as a spectator at my son's volleyball game , parties, anywhere and everywhere. So to answer  the 64 Dollar question,  How is the Buffalo Grove Real Estate Market "  I have summarized the following information for my readers. 1.  Unfortunately for  Buffalo Grove sellersand fortunate for Buffalo Grove buyers- home prices in Buffalo Grove  are currently s...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
Buffalo Grove Rarely Available Home With a Great Yard on a Cul-de-sac (SOLD) www.577Coventry.com   Click Here To View the Word Doc October 2009 SOLD Statistics for Detached in Buffalo Grove North Homes Cul-de-sac Location and Exceptional Landscaping. The Exterior is Freshly Painted and Has a Brick Paver Patio and Walk Way as Well as a Sprinkler System, a 3 Car Garage and an Alarm. Newer Heating and A/C Unit, Wood Floor Throughout the 1st Level, a 2 Story Entry That Opens to the Dining Room and Living Room. 2 Story Family Room With a Floor to Ceiling Brick Fireplace and Palladium Windows Giving The Room Tons of Light. The Gourmet Kitchen Has Granite Countertops, a Double Oven, a Cooktop, a Large Eating Area that Opens to the Great Patio and Includes All Appliances. The Luxury Master Sui...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
  Are you going to sell your Buffalo Grove home?  Finding the best realtor is an important decision. How do you make a knowledgeable decision  of which realtor  to hire...  Here's the scenario...you just interviewed 3 local realtors in town...  They each came to your home, gave you a market analysis of your property and presented  their excellent credentials and  qualifications. You seen to have a good rapport with all of them... How do you choose the best realtor?  Its easy- put their names in a hat and pick one... As you probably guessed I was just kidding...    Research shows that best  choosing a realtor that has the most Internet presence will sell your home faster...     How can you verify if a certain realtor  is technological advanced and has the best internet presence?         ...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
In reviewing the most recent sales in Buffalo Grove, 3 properties were Bank Owned and 4 properties were Foreclosures.  One of the key factors in working with these properties is being Certified in this process which is the CDPE designation.  It is key to be able to explain the difference as to what a Short Sale is and how that will help our clients maintain their credit.  If you know of anyone who is having trouble with their mortgage and needs he lp please do give us a call at 847-465-3638.   Dec 1 3171 Indian Creek Court $527,000     Dec 1 2433 Madiera Lane, Unit: 31-2433-1 $250,000   Dec 1 725 Grove Drive, Unit: 212 3 $0   Dec 1 815 Grove Drive, Unit: 112 6 $0   Dec 1 1127 Miller Lane, Unit: 112 $0   Dec 2 203 Blossom Court, Unit: 1-6-12-R-Z $215,000   Dec 2 641 Hapsfield Lane, Unit:...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
  So do you want to buy a Buffalo Grove foreclosure or Buffalo Grove Bank Owned Property! Although foreclosures are emotionally very sad for me,  I always like to shed a little humor in everything that I do. Click Here for a little levity on purchasing a Foreclosures property.  Its a very funny video!   In case you want to try to buy a  Buffalo Grove  bank owned property, I have the experience to make this transaction as easy as possible for you.   I have provided to the right, a list of the  bank owned properties  (REO's) in the Buffalo grove area.  I did not include those real estate properties already undercontract! If you would like to see any  of  the following bank foreclosures, please do not hesitate to call me at 847-602-5435 In the bank owned property  scenario, the lender has ...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
As I have said in recent emails, here are the most recent active and sold statics for Buffalo Grove as posted by Trulia.  Sales have picked up in the Buffalo Grove area, so that is great news for everyone. We are looking forward to the new year and a busy market.  Prices will stay somewhat flat until all the inventory goes back normal.  Please contact me directly with any additonal questions at 847-465-3638.   Buffalo Grove Market Trends Today, December 21, 2009 Median Sales Price in Buffalo Grove   No. Bedrooms Sep - Nov '09 y-o-y 3 months prior 1 year prior 5 years prior 1 bedroom - - - - - 2 bedrooms - - - - - 3 bedrooms - - - - - 4 bedrooms - - - - - All properties $240,000 -22.5% $250,000 $309,750 $281,750 Buffalo Grove Summary The median sales price for homes in Buffalo Grove IL f...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
I received this email today and it is such a great idea. I am sending it to everyone that I know and I hope that some of you will follow up as well.    If you go to this web site, www.LetsSayThanks.com    you can pick out a  thank you card and Xerox will print it and it will be sent to a  soldier that is currently serving in  Iraq . You can't pick out who  gets it, but it will go to a member of the armed services.    How AMAZING it would be if we could get everyone we know to send  one!!!    It is FREE and it only takes a second.  Wouldn't it be wonderful if the soldiers received a bunch of these?  Whether you are for or against the war, our soldiers over there need  to know we are behind them.  This takes just 10 seconds and it's a wonderful way to say thank you.  Please take the time ...
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Buffalo Grove - Long Grove - Lincolnshire- Vernon hills realtor, Judy Greenberg- Coldwell Banker Buffalo Grove is connected to her community and  can help you whether you just moved into town or have lived here all your life.   Due to the nature of my  real estate career,  I truly am connected to many people in the Buffalo Grove community and consider myself a walking concierge.    I love helping both my clients and my friends with the following types of inquiries.  Do you recommend a good painter in the Buffalo Grove area?  I actually have two painters that I love.  Call me! Do you know a good window washer in the Northwest Suburbs of Chicago? Yes! Do you know a great Shoe Repair shop in the Chicago Northwest Suburbs?  yes! Bannockburn Shoe World & Repair at 2543 Waukegan Rd, Bannockb...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
Sharron-MktActionRpt - City_ Buffalo Grove - Nov2009 The latest trends for Buffalo Grove are reported monthly by Coldwell Banker and very helpful to all of us. Our Team tries to keep as much information as available posted on the web so take a few minutes to review this and if you are looking to buy or sell in the upcoming year, we make sure to keep track of the statics so we can help our clients make smart decisions
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
  Dorfler’s Meat Market in Buffalo Grove- 10% off sale! With the economy being what it is, many people  are trying to save by using coupons here and there. One of the coupons I regularly use is for  the Dorfler's Meat Market  in Buffalo Grove. If you just moved in town, this is the best butcher in the area.     I  received an email this morning  advertising 10 percent off the entire bill ( Maximum Discount  of 10 dollars)  Everything in the store is delicious, but  my kids love the Marinated Skirt Steaks!  They are simply amazing! If you want to use this Dorfler's coupon, just print this one. Note that it expires at the end of the year!                   If you would like  information about homes in the  Long Grove, Buffalo Grove, Kildeer and Lincolnhshire area,  please do not hesitate ...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
I have been asked a lot lately for help with lowering the tax bills and sending out comparables.  I also have two attorney's name and numbers for help and a nominal fee that might be of interest that I am going to pass along so here you go.  If you own a property in Cook County you can call Richard Shapiro's office at (312) 664-0000 and ask for Chuck.  If you are in Lake County call Scott Linn at 847-612-1181.  Good luck as we all could use a little help.
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Stevenson High School District 125 is once again  listed as one the the top 3 % of schools according to the US News and World Report Of the 21,786 high schools examined, the magazine said only 561 high schools , including Stevenson High School  had students who were "considerably outperforming" their state’s standards, and were doing an "excellent job" of preparing students for college-level coursework. These schools which includes Stevenson High school were designated for Gold and Silver Award status. . Stevenson High School  was  among several Chicago-area public high schools in the Silver Award list. Joining Stevenson High School were Barrington, Deerfield, Downers Grove North, Evanston, Fremd, Glenbrook North, Glenbrook South, Hinsdale Central, Lane Tech, Libertyville, Lincoln Park,...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
Every month we get a report from the Realtor Association of Northwest Chicagoland and it shows an overview of what is going on in our market and also compares the closed sales year to date with a comparison of last year. One of the biggest issues we currently have is the banking and appraisal industry. The majority of our towns are stated a declining market which in fact reduces the appraisal by an additional 5%. Out of the last five homes we have put under contract only one appraisal came in at purchase price. Basically the banks do not want to lend money and are reducing the value of everyone's home and who created this horrible mess? I am suggesting to all my clients that they have an appraisal prior to putting the home on the market so they can see how the banks are looking at the v...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
The enclosed articule posted on Yahoo Finance is great information regarding the new Government rules that will help speed along the process for distressed sales and  financially troubled homeowners who need to sell. The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners will even get $1,500 to help cover their moving costs. The plan is designed to help homeowners who don't have the income or debt levels to qualify for a loan modification under the Obama administration's $75 billion Making Home Affordable program. The plan establishes timelines, a standard process and documents, and cash incentives for participation. "There's always efficiency with uniform...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
Buffalo Grove Real Estate analysis for November 2009 by top realtor in the Buffalo Grove area.   As a Buffalo Grove realtor, the number one question that I am always asked is..... "How is the Buffalo Grove Real Estate  Market Doing?"  Obviously, my clients ask me this question but I am also asked this question by friends, family and/or acquaintances. I am asked this question at the grocery store, while I am walking my dog, at school functions, as a spectator at my son's volleyball game , parties, anywhere and everywhere. So to answer "How the market is in Buffalo Grove  Illinois"  I have summarized the following information for my readers. 1. Home prices in Buffalo Grove  are currently similar to what the prices were in 2002/2003 2.There were 14 closed detached sales in Buffalo Grove  I...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
Buffalo Grove Real Estate Overview Today, December 2, 2009 Market View for Buffalo Grove Info Avg. Listing Price $281,659 Wk ending Nov 25 +$4,024+1.4%w-o-w Median Sales Price $249,000 Aug '09 - Oct '09 -$64,000-20.4%y-o-y 335 Homes For Sale 2 Open Homes 311 Recently Sold 259 Foreclosures Market Trends for Buffalo Grove Embed Info Average Listing Price $281,659 +1.4% w-o-w Median Sales Price $249,000 -20.4% y-o-y Average price/sqft $165 -11.3% y-o-y Number of Sales 138 -2.1% y-o-y More Buffalo Grove Market Trends Select chart to embed:   Average Listing Price Copy & Paste HTML to embed this graph in your website:   Home Prices for Lake County Info Most popularzip codes Avg. listing priceWeek ending Nov 25  w-o-w60010 $1,033,871 +0.4% 60035 $891,567 +1.4% 60045 $1,571,520 -0.5% 60047 $63...
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