Real Estate in Barrington & The Northwest Suburbs: Illinois: Long Grove

Long Grove is a village considered as a relocation destination by buyers looking for luxury homes, golf course properties, and gated communities. It caters to the higher priced housing with most homes being situated on acre lots or larger. New management employees will often consider Long Grove alongside Kildeer, Hawthorn Woods and Barrington.

How's the real estate market in Long Grove compared to last year? I know we are not done yet but it seems as good a time as any time take a look at 2011 to date. The remainder of this year will likely not make a huge difference...although never say never!

Long Grove does have new construction as well as homes that are young. This gives relocation buyers the opportunity to buy homes that need little work upon moving in and this is wonderful as no doubt you'll already have a list of important things that need taking care of and don't need anything more on your to do list.

Long Grove's home sales 2011 compared to 2010

From this chart we see a good percentage increase in sales. It's actually up 21% on 2010 and we still have December left. With 13 Long Grove homes under contract I would think we'll see a few more close before the year is done. So if you are relocating away from the area and need to sell your Long Grove home, things are not as bleak as they have been in years past. For buyers, don't worry, inventory levels are still high so there are plenty of homes to choose from in Long Grove. 

What About Average Marketing Times in Long Grove Illinois

Preparing a chart for a month by month analysis makes no sense when sales are a few per month. So instead I'll just compare year to year to give you a bettter idea.

The average marketing time for homes sales in Long Grove 2011 was  360 days.

By comparison in 2011, up to when I checked the sales this morning, the average time was 324 days.

This shows a reduction in average marketing time of about 1 month.

The average sale price in 2010 was $627,017 and homes sold at 90% of the final list price.

For 2011 to date the average sales price was $614,556 and homes sold at 90% of the final list price.

This shows a slight decline in average sales price but sales to list ratio remains at a steady number. This report prepared by Corinne Guest,  is deemed reliable and is based on the data I extract from the MLS at time of preparation. For more market reports visit my websites at anytime.

See which relocation company employees we are proud to assist with finding a new home. Start your home search in the Northwest Suburbs of Illinois including Long Grove