This Rolling Oaks 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 Rolling 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:
$120000 533 Mallard Ln #A
$125000 518 Mallard Ln #C
The average sales price in Rolling Oaks for 2011 was $122,500
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 Rolling Oaks Subdivision that are currently on the market:
$125000 550 Mallard Ln #B
$114900 534 Mallard Ln #C
$119900 533 Mallard Ln #F
The average list price for homes currently on the market in Rolling Oaks is: $119,933
We do expect more sales activity this year in Rolling Oaks 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 Rolling Oaks in 2012 or are thinking of selling a home in Rolling 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 Sugar Grove on my Rolling Oaks real estate reports page. Another resource I have been working on this year is a community info page for the Rolling 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 Rolling Oaks Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Rolling Oaks, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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