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Batavia IL Market Update | Single Family Homes | December 10, 2010

By
Industry Observer with Swanepoel T3 Group

In Batavia IL over the past few weeks, the number of new contracts has dropped with the temperatures while the inventory has slightly increased since November.

A number of homes were newly listed, some of them with beautiful holiday decorations that show wonderfully on bright winter days. Many Spring home buyers start their search during the holiday season, so if you're planning on selling next year, make your outside decorations especially attractive and take some photos.

If you would like a detailed report for your community or subdivision in Batavia IL please let me know by calling (630)945-7935 or sending an email (contact info below)

Batavia IL 2010 YTD Market Report: Single Family Homes

 

2010 Closed Sales: 187
Average Closed Price
: $294,724
Average Market Time: 169 Days

Under Contract: 33
Average List Price: $260,751
Average Market Time: 321 days

Active Listings: 216
Average List Price: $349,888
Average Market Time: 267 Days

Data  Above Provided by MRED, the multiple listing service of Northern Illinois

 

Intermediate Chart Prices of single family homes listed for sale in Batavia IL have stayed steady in 2010. Each quartile -- shown by the different colored lines -- represents 25% of the listings. Over half the single family homes for sale in Batavia IL are listed for less than $300,000.
Intermediate Chart INVENTORY of single family homes listed for sale in Batavia, IL dropped to under 200 homes in the early Spring as home buyers took advantage of the home buyer tax credits. The inventory rose to over 245 homes during the summer but is dropping back down as homes sell or sellers take their homes off the market for the winter. This chart shows active listings and homes under contract but not yet closed.

This post was originally published on FoxValleyRealEstate.net Reproduction or use is prohibited without express permission of the author.

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