Black Walnut Trails Subdivision 2011 Year End Market Report

Real Estate Agent with Century 21 Pro-Team
This Black Walnut Trails Sugar Grove 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 Sugar Grove 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 Black Walnut Trails 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:

$217500 608 Sheffield Cir
$230000 792 Black Walnut Dr
$282000 621 Sheffield Cir
$315000 648 Sheffield Cir
$327000 949 Black Walnut Dr
$330000 687 Greenfield Ln
$347500 757 Merrill New Rd
$350000 720 Brighton Dr
$380000 749 Merrill New Rd
$397500 841 Edgewood Dr
$405000 872 Black Walnut Dr
$480000 672 Carlisle Ct

The average sales price in Black Walnut Trails for 2011 was $338,458

There is good news - 2012 already looks like it will be a busy year based on current buyer activity. Inventory remains high in Sugar Grove but we hope buyer activity will begin to reduce inventory. These are the homes in Black Walnut Trails Subdivision that are currently on the market:

$275000 910 Gregory Pl
$304600 762 Wild Ginger Rd
$309900 1026 Forest Trl
$364900 701 Brighton Dr
$369000 997 Jennifer Ct
$379900 758 Merrill New Rd
$422900 1023 Forest Trail Dr
$429000 994 Jennifer Ct
$449000 860 Longview Ct
$479900 993 Jennifer Ct
$575000 731 Woodbury Ct
$475000 1032 Pembridge Pl

The average list price for homes currently on the market in Black Walnut Trails is: $402,842

We do expect more sales activity this year in Black Walnut Trails and other Sugar Grove 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 Black Walnut Trails in 2012 or are thinking of selling a home in Black Walnut Trails 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 Sugar Grove on my Black Walnut Trails real estate reports page. Another resource I have been working on this year is a community info page for the Black Walnut Trails 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 Black Walnut Trails Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Black Walnut Trails, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

The subdivision seems to have a big spread on price.

Feb 11, 2012 03:48 AM #1
Eric Rogers
Century 21 Pro-Team - Aurora, IL

It does - the home styles vary quite a bit on this one - there were several builders and several different phases in here over the years. The first homes were built around 1993 and there are actually still some homes being constructed.

Feb 11, 2012 03:51 AM #2
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