Oberweis Subdivision 2011 Year End Market Report

This Oberweis North Aurora market report covers property sales during all of 2011 as well as a look ahead to 2012. The past year was a mixed year for North Aurora real estate - inventory was high through much of the year and due to this, prices have continued to decline. This is still a foreclosure and short sale driven market and Oberweis is no exception. We did see some improvement in market activity particularly in the last quarter that we hope will continue through this year. Let's take a look at the numbers:

Here are our home sales for 2011:

$32188 213 Dee Rd
$129000 201 Briar Ln
$134400 114 Briar Ln
$135000 113 April Ln


The average sales price in Oberweis for 2011 was $107,647

There is good news - 2012 already looks like it will be a busy year based on current buyer activity. Inventory remains high in North Aurora but we hope buyer activity will begin to reduce inventory. There are currently no homes in Oberweis Subdivision that are on the market, so now is a great time to list!

We do expect more sales activity this year in Oberweis and other North Aurora subdivisions - hope remains high that this additional activity will continue to push the market back into balance. If you are going to buy a home in Oberweis in 2012 or are thinking of selling a home in Oberweis I have assembled a market snapshot tool that you will want to bookmark. You can view up-to-date market reports for this subdivision as well as all of North Aurora on my Oberweis real estate reports page. Another resource I have been working on this year is a community info page for the Oberweis subdivision. This page combines school statistics with a local map-based business search. On the same easy-to-navigate page, you can research information about area schools, locate the nearest grocery stores or find a good place for dinner near the subdivision by visiting my Oberweis Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Oberweis, North Aurora or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.