This month's Batavia Market Update for Single Family Homes has great news for Batavia IL residents and home buyers: the Spring market appears to be off to a great start! The showing activity appears to have picked up as the weather improves -- our long, cold winter appears to be giving way to milder and sunnier days.
While the average sold price of $232,344 is below that of 2010, there are about 15% fewer homes on the market compared to this time last year. List prices appear to have stabilized in all but the very top price brackets.
If you would like a detailed report for your neighborhood or subdivision in Batavia IL please give me a call at (630)945-7935. If you would like to receive free independent market research reports from Altos Research click here. If you are thinking of buying a home see my website for all the latest listings in Batavia.
Batavia IL Single Family Homes Market Statistics
As Of March 13 2011
2011 Closed Sales: 25
Average Closed Price: $232,344
Average Market Time: 206 Days
Under Contract: 37
Average List Price: $308,429
Average Market Time: 238 days
Active Listings: 181
Average List Price: $355,355
Average Market Time: 270 Days
Data Above Provided by MRED, the Multiple Listing Service of Northern Illinois
Batavia 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.