Special offer

Geneva IL Market Update | Single Family Homes | November 23, 2010

By
Industry Observer with Swanepoel T3 Group

While prices are down compared to a few years ago, sellers in Geneva IL are relieved that prices have stabilized in 2010. Geneva IL is well known throughout the region as a charming historic town. The downtown area offers tree-lined streets with vintage homes, ranging from quaint bungalows to ornate Victorians. Buyers are attracted to the historic downtown and family friendly subdivisions including Mill Creek, Fisher Farms and Eagle Brook.

If you would like a detailed report on home sales in your Geneva IL community or subdivision please give me a call.

 

Geneva, IL 2010 YTD Market Report: Single Family Homes
                                                                                                                                                            
2010 Closed Sales: 262
Average Closed Price
: $341,826
Average Market Time: 146 Days
 
Under Contract: 41
Average List Price: $366,253
Average Market Time: 217 days

Active Listings: 208
Average List Price: $431,388
Average Market Time: 234 Days


Intermediate Chart
PRICES for single family homes listed for sale in Geneva IL have stayed remarkably steady in 2010.

Each quartile -- shown by the different colored lines -- represents 25% of the listings.
Intermediate Chart

INVENTORY of single family homes listed for sale in Geneva, IL has dropped dramatically in the early part of the year as home buyers took advantage of the home buyer tax credits.

This chart shows active listings and homes under contract but not yet closed.

Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Leslie, I always like to see how other parts of the country are doing these days and appreciate you sharing your local market data with such a great presentation. I hope all is well with your business and wish you the happiest of Thanksgivings. Cheers!

Nov 22, 2010 08:50 PM
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

Yikes, folks here would freak out with those on market days.  I see clients get nervous if they're not sold in 30-45 days! (Unless it's a short sale of course).

Nov 26, 2010 03:02 AM