Sellers in Geneva IL are relieved that the market has stabilized in 2010, while buyers continue to see great opportunities at all price points.
Sellers in Geneva IL enjoyed good success if their homes were priced compellingly and attractively presented.
The number of closed transactions increased by 12% while the average closed price dropped less than 2%.
The listing inventory of homes in Geneva IL is dropping as some homes sell and other homes are taken off the market for winter. Buyers have many choices and continue to look for the best homes at the lowest possible prices.
In 2009 there were 254 closed sales at an average price of $353,018.
In 2010 there have been 286 closed sales at an average price of $346,967.
Foreclosures and short sales continue to attract buyers looking to capitalize on today's market opportunities.
If you would like a detailed report on home sales in your Geneva IL neighborhood or subdivision please give me a call at (630)945-7935. If you would like to receive weekly emails with independent market research from Altos Research, click here.
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Geneva IL Market Statistics
2010 Closed Sales : 286
Average Closed Price: $346,967
Average Market Time: 150 Days
Under Contract: 23
Average List Price: $282,093
Average Market Time: 246
Active Listings: 191
Average List Price: $420,995
Average Market Time: 248 Days
Data Above Provided by MRED the Multiple Listing Service of Northern Illinois
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Geneva IL Market Trends
This post was written by Leslie Ebersole, Baird&Warner Real Estate and originally published on FoxValleyRealEstate.net. Reproduction or use without written consent of author is prohibited.
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