This Settlers Ridge 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 Settlers Ridge 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:
$250000 90 Gillett St
$260000 216 Goldenrod Dr
$325000 1466 Cornell Cir
The average sales price in Settlers Ridge for 2011 was $278,333
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 Settlers Ridge Subdivision that are currently on the market:
$275000 1113 Ottawa Cir
$295000 137 Diana Dr
$225000 1181 Mariemont Dr
$279900 1397 Settlers Ct
The average list price for homes currently on the market in Settlers Ridge is: $268,725
We do expect more sales activity this year in Settlers Ridge 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 Settlers Ridge in 2012 or are thinking of selling a home in Settlers Ridge 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 Settlers Ridge real estate reports page. Another resource I have been working on this year is a community info page for the Settlers Ridge 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 Settlers Ridge Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Settlers Ridge, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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