Typically, the week after the Super Bowl triggers the start of the Spring Market season in real estate. Not so this year as the Northwest Suburban Real Estate Market has really started heating up, with the number of under contract properties surging up to 20% or more since the beginning of 2016.
Due to the tight supply of homes and the growing demand of buyers, the market has seen prices rising, multiple offers being received on homes, lower days on market and incredibly, buyers making offers on homes that they have not even physically seen! Buyers are just chomping at the bit to bid on the few homes that are on the market – lining up in front of Open Houses before they are open to view and submitting offers soon after.
One of the hottest markets so far in 2016 & continuing from 2015 is Buffalo Grove with the number of under contract properties rising to 21.1% compared to the start of 2015, and closed properties are up 4.8%. Buffalo Grove has been a rising star in the last few years dubbed one of the Nation’s Best Places to live by Money Magazine in 2013 and Movoto’s recognition in 2015 of Buffalo Grove as the Best Suburbs for Families.
The Long Grove-Lake Zurich-Hawthorn Woods-Kildeer area follows close behind with a rise in under contract properties at 15.6%. Farther south in the Northwest suburbs is the shining star of Mount Prospect with an under contract rise of a whopping 45.5%.
Do you want to get in on this unique opportunity? I and my team would love to help you sell your home or help you find your new home. We are ready and would be glad to send you a FREE market analysis or a set up an individualized search of homes for you. Many times, I have the inside track of spectacular homes that have not hit the market yet which may check all your dream home boxes. Call me at 847-602-5435 or email me at firstname.lastname@example.org and visit my website – www.allchicagohomes.com – you will not be disappointed!
THE JUDY GREENBERG GROUP
Chicago Agent Magazine Suburban MVP Award 2015
Coldwell Banker Residential Brokerage
THE GROVES OFFICE
4192 IL Route 83 #F – Long Grove, IL 60047