Geneva IL is showing steady improvement in the housing market. There have been 187 closed sales of single family homes so far this year. Of these 187 sales, 20 (11%) were shorts sales  and 15 (8%) were bank-owned foreclosures. The 19% total distress sales is considerably considerably below the average of 40% for the Chicago metro area.

The highest price sale so far this year in Geneva has been $662,000. The highest price foreclosure sale was $260,000 while the highest priced short sale closed  for $565,000. It may be that owners of more expensive homes are more comfortable navigating the complexities of a short sale, so fewer upper-end homes go all the way to foreclosure.

Please Contact Me if you'd like more information about the housing market in Geneva IL.

Geneva IL Home Sales
Single Family Homes

 

Geneva IL Home Sales
Single Family Homes As of July 21 2012

Closed Sales: 187
Average Closed Price: $322,075
Average Market Time: 163 Days

Under Contract: 66
Average List Price: $317,789
Average Market Time: 180 Days

Active Listings: 208
Average List Price: $404,265
Average Market Time: 209 Days

Please Contact Me if you'd like more information about the housing market in Geneva IL.

This post was written by Leslie Ebersole of Baird & Warner Real Estate.
Use or reproduction of the material published on this site is expressly prohibited
without the express written permission of the author.

 

FOX VALLEY LIVING

 

My Email leslie.ebersole@bairdwarner.com

My Mobile (630)945-7935

 

1 Comments on Geneva IL Housing Market Update July 2012

JUL
22
237,509 Points 6 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Wow, when you look at that chart you can really see patterns!  You have provided some really useful information for the Geneva, IL real estate market!
6:23pm • #1


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