Prestbury Subdivision 2011 Year End Market Report

Real Estate Agent with Century 21 Pro-Team
This Prestbury 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 Prestbury 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:

$155000 9 Cedar Gate Cir
$199000 10 Saddlewood Ct
$200000 42 Cedar Gate Cir
$200000 41 Windwood Dr
$230000 21 Walnut Cir
$255000 9 Birchwood Ct
$271000 24 Walnut Cir
$275000 12 Saddlewood Ct
$275000 43 Windwood Dr
$275000 405 Hankes Rd
$275000 1 Blackberry Ct
$378000 122 N Buckingham Dr

The average sales price in Prestbury for 2011 was $249,000

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 Prestbury Subdivision that are currently on the market:

$159900 28 Cedar Gate Cir
$219900 6 Saddlewood Ct
$229500 6 Briargate Cir
$275000 41 Briargate Cir
$279900 14 Dorchester Ct
$299000 9 Mossfield Ct
$465000 8 Heaton Ct
$495000 14 Walnut Cir
$199000 8 Briargate Cir

The average list price for homes currently on the market in Prestbury is: $291,356

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