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Geneva, IL Market Update: New Contracts Increase 20%

By
Industry Observer with Swanepoel T3 Group

Over the past month we see that new sales of homes in Geneva, IL are increasing in the early Spring market. The number of listed homes increased 6% from 277 to 294, but the good news is that the number of homes under contract increased 20% from 38 to 48. The number of closed sales decreased slightly from 21 in January to 18 in February.

Chart Geneva Home Sales Mar 2010

Geneva is located in Kane County, about 40 miles west of Chicago. Incorporated as a city in 1887, Geneva is now a growing suburb of close to 20,000 residents.

Geneva is well known throughout the region as a charming historic town. The downtown area offers tree-lined streets with vintage homes, ranging from quaint bungalows to ornate Victorians. The charming downtown shopping district offers over 200 specialty shops and restaurants in historic storefronts and Victorians.

For more information on Geneva,IL please go to My Website.

Geneva Fox River

Fox River, Geneva IL

 

 

 

 

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Leslie:  A mixed-bag of numbers within this report, but generally an upbeat, positive bit of news for our area.  It's good to see that the numbers back-up the overall impression that our market is improving some.  As always, thanks for the info ...

Gene 

Mar 07, 2010 06:13 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

ROCK ON Geneva, IL!

Mar 16, 2010 11:10 AM