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North Aurora IL Market Report for August 2011

By
Real Estate Broker/Owner with The Kombrink Team

This information was pulled from the Multiple Listing Service on Wednesday, August 31st, 2011.

 

There are currently 168 single family and townhomes listed for sale in North Aurora. The median home is priced at $219,900. August closing numbers are down 6% over last year. The median sale price is also down slightly to $197,488. It's taking longer to sell your home as market time rose 27% over last August with the average home being on the market for 251 days.

 

The motto of Aurora's northern neighbor, "The Village with a View to the Future," is perhaps most appropriate. The town is looking ahead, expanding its boundaries and inviting new residents, as housing developments and new businesses, at a steady flow, become fixtures of the community. The Sesquicentennial Yearbook, put out in 1984 by North Aurorians celebrating the village's 150 years, is perhaps the most comprehensive account of the town's history. According to the yearbook, North Aurora used to be known as Schneider's Mill, or Schneider's Crossing, 161 years ago. At least that was the mailing address the U.S. Post Office recognized. That name came from a grist mill built by John Peter Schneider, the first settler to this valley locale, who came here in 1834.