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Batavia IL Market Report|Single Family Homes|November 2011

By
Industry Observer with Swanepoel T3 Group

Batavia IL Market Report|Single Family Homes|November 2011

In Batavia IL there have been 194 closed sales as of October 31, 2011. This is an increase of 9% over the 174 closed sales during the same time in 2010. 58 of the sales — about 30% — of the closed sales have been distressed properties, which were then evenly split between short sales and bank-owned foreclosures.

There are 50 homes under contract at an average price of $258,953.

So far in 2011 the average closed price of $278,934 is above 2010′s average closed price of about $270,000. The higher average sales price is largely due to a number of higher end sales in subdivisions like Tanglewood Hills.

If you are thinking of buying or selling a home in Batavia, IL you need to keep track of  home prices in Batavia IL and the Batavia IL homes for sale.

If you would like a detailed market report for your neighborhood or subdivision in Batavia IL please give me a call at (630)945-7935. I am an experienced Batavia IL real estate agent and I would be delighted to help you.

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Batavia IL Market Statistics
Single Family Homes As of November 1 2011

2011 Closed Sales: 194
Average Closed Price: $2878,934
Average Market Time: 172 Days

Under Contract: 50
Average List Price: $258,953
Average Market Time: 310 Days

Active Listings: 145
Average List Price: $353,403
Average Market Time: 263 Days

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Data Above Provided by MRED, the Multiple Listing Service of Northern Illinois.
Information deemed to be reliable but not guaranteed to be accurate.

Originally published at FoxValleyRealEstate.net

Comments (2)

Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

It is true just about everywhere in this economy - the lower priced homes are selling faster....   nice report!

Nov 12, 2011 01:46 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Sounds like a lot of areas are having a year over year increase!  Good news for those areas & Batavia IL!

Nov 13, 2011 11:53 AM