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Geneva IL Market Report | March 13 2011

By
Industry Observer with Swanepoel T3 Group

This month's Geneva IL Market Update for Single Family Homes has great news for Geneva IL. Home buyers in the western suburbs of Chicago are  are moving forward on a Spring purchase and many are considering the homes for sale in Geneva IL.

There are 45 homes under contract compared to 27 a month ago. If you are thinking of buying a home in Geneva IL you will be pleased to learn that there are 204 Active listings today.

If you are thinking of selling your home in Geneva IL you must have your home priced compellingly and attractively presented. Consider how your home will appear through the eyes of a buyer when you prepare your home for the market.

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 Single Family Home Market Report
As of March 13, 2011

2011 Closed Sales : 21
Average Closed Price: $265,040
Average Market Time: 199 Days

Under Contract: 45
Average List Price: $319,269
Average Market Time: 240 Days

Active Listings: 204
Average List Price: $413,334
Average Market Time: 246 Days

Data 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.

J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

Yikes, that second graph isn't the best news, now is it. Good hyper local info there, Leslie. 

Mar 13, 2011 04:58 PM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Leslie, in my area, homes that are in move-in condition are coming off the market fairly quickly. The rest that need work, are sitting. Great market report for Geneva IL Leslie!

Mar 14, 2011 12:45 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

An intersting report and it appears that things may be improving.  I agree that homes must be ready to sell or the buyer will move on to the next one.

Mar 17, 2011 03:27 PM