RCA Subdivision 2011 Year End Market Report

By
Real Estate Agent with Century 21 Pro-Team
This RCA 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 RCA 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:

$84900 24 S Cherrytree Ct
$93000 412 W State St
$99000 304 Harmony Dr
$103000 313 Hillside Pl
$115000 25 S Sycamore Ln
$120000 403 Farview Ct
$121000 613 Harmony Dr
$133000 509 W State St
$155000 616 W State St
$160000 310 W State St
$160000 604 W State St
$163000 617 W State St
$176500 312 Oak St


The average sales price in RCA for 2011 was $129,492

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. These are the homes in RCA Subdivision that are currently on the market:

$95800 327 John St
$134900 608 Princeton Dr
$159000 1 S Cherrytree Ct
$159900 319 Hillside Pl
$179000 609 Harmony Dr
$219000 306 Farview Dr
$130000 304 Farview Dr


The average list price for homes currently on the market in RCA is: $153,943

We do expect more sales activity this year in RCA 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 RCA in 2012 or are thinking of selling a home in RCA 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 RCA real estate reports page. Another resource I have been working on this year is a community info page for the RCA 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 RCA Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in RCA, North Aurora or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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