BUFFALO GROVE, ILLINOIS
....................................Units…...DAYS on MARKET…….Median Sold $..........TOTAL SOLD
Condos/Townhomes.......28....................70.…….....................$157,000.................$4,359,020
Single Family…..............35....................86..............................$300,000….............$11,447,448
RENTALS:…............Units....... DAYS on MARKET…….Median Rental $........ VOLUME
........................................10...................49........……...…........$1,650…...……......$17,325
Data provided by 2014 MRED, LLC, not Guaranteed. Fair Housing Compliant.
I hope everyone had an enjoyable Holiday Season! The December Real Estate market had a slow down due to the Holidays. The good news, interest rates for conforming Mortgages ($417,000 and under), hover around 3.75%. When purchasing a home, there are 2 important requirements a Buyer should complete; #1: A spread sheet of income and versus debt. This includes daily transportation, phone, gas, electric, groceries, entertainment, insurance costs, etc. It will give a Buyer a good estimate of how much one can afford for a monthly mortgage payment. The 2nd most important item is obtain a Pre-approval from your Lender.
If you are thinking about selling or buying a home in the North Suburbs of Chicago, please contact me:
PAM DEVENDORF, REALTOR at Coldwell Banker. Direct: (847) 681-4143, pam.devendorf@cbexchange.com
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