Geneva IL Market Report for August 2011

Services for Real Estate Pros with RE/MAX Great American North

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

genevaThere are currently 314 single family and townhomes listed for sale in Geneva. The median home is priced at $324,950. August closing numbers are up 14% over last year. The median sale price is down slightly to $281,500. Homes are selling a little faster as market time dropped 33% over last August with the average home being on the market for 144 days.

Geneva is well known in the region as quaint, charming historic town. Part of what creates Geneva's character is its historic architecture. Very few large, ornate homes exist in Geneva. In contrast, most of the architecture is conservative and plain, yet always well maintained. Trees and yards are an integral part of Geneva's sense of place. Geneva still retains a large number of its mid-to-late 19th century homes. Many are in specific architectural styles such as Italianate, Greek Revival, and Queen Anne. Many of the older houses are of a common vernacular and built in some part with locally quarried stone found along the river. These separate styles blend together to create an atmosphere of refined and understated elegance, perhaps reflecting the taste of the New England roots of Geneva's earliest settlers.

Image of downtown Geneva Illinois courtesy of Aff1737.


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