This Timber Oaks 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 Timber Oaks 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:
$171200 307 Valley Rd
$225000 309 Valley Rd
The average sales price in Timber Oaks for 2011 was $198,100
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 Timber Oaks Subdivision that are currently on the market:
$210000 207 Timber Oaks Dr
$218900 288 Abbeywood Ln
The average list price for homes currently on the market in Timber Oaks is: $214,450
We do expect more sales activity this year in Timber Oaks 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 Timber Oaks in 2012 or are thinking of selling a home in Timber Oaks 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 Timber Oaks real estate reports page. Another resource I have been working on this year is a community info page for the Timber Oaks 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 Timber Oaks Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Timber Oaks, North Aurora or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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