The Geneva IL Real Estate Market has outperformed most areas in the suburbs this year. While prices are down compared to a few years ago, sellers in Geneva IL are relieved that the market has stabilized in 2010.
Sellers in Geneva IL enjoyed good success if their homes were priced compellingly and attractively presented.
The inventory of homes in Geneva IL is dropping as some homes sell and other homes are taken off the market for winter.
Prices for closed sales of single family homes in Geneva IL remains in the $340,000s. 282 homes have closed this year.
In 2009 there were 254 closed sales in Geneva IL at an average price of $353,018.
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2010 Closed Sales YTD: 282
Average Closed Price: $346,758
Average Market Time: 148 Days
Under Contract: 25
Average List Price: $309,598
Average Market Time: 269 days
Active Listings: 197
AverageList Price: $429,479
Average Market Time: 251 Days
Data Above Provided by MRED the Multiple Listing Service of Northern Illinois
|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.|
|Inventory of single family homes listed for sale in Geneva, IL is dropping as some homes sell and others are taken off the market for winter. This chart shows active listings and homes under contract but not yet closed.|
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