This Mallard Point 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 Mallard Point 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:
$179900 331 Mallard Ln
$185000 172 Brookhaven Ct
$193500 149 Brookhaven Ct
$205000 555 Brookhaven Cir
$240000 357 Mallard Ln
The average sales price in Mallard Point for 2011 was $200,680
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 Mallard Point Subdivision that are currently on the market:
$164000 409 Brookhaven Cir
$165000 366 Mallard Ln
$179900 410 Brookhaven Cir
The average list price for homes currently on the market in Mallard Point is: $169,633
We do expect more sales activity this year in Mallard Point 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 Mallard Point in 2012 or are thinking of selling a home in Mallard Point 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 Mallard Point real estate reports page. Another resource I have been working on this year is a community info page for the Mallard Point 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 Mallard Point Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Mallard Point, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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