This Waterford Place 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 Waterford Place 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:
$37241 321 Capitol Dr #C
$77330 321 Capitol Dr #C
$113500 279 Capitol Dr #C
$130000 323 Capitol Dr #A
The average sales price in Waterford Place for 2011 was $89,517
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 Waterford Place Subdivision that are currently on the market:
$119900 301 Capitol Dr #A
$134999 271 Capitol Dr #C
$139500 265 Capitol Dr #B
$89885 303 Capitol Dr #B
$99900 275 Capitol Dr #C
The average list price for homes currently on the market in Waterford Place is: $116,836
We do expect more sales activity this year in Waterford Place 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 Waterford Place in 2012 or are thinking of selling a home in Waterford Place 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 Waterford Place real estate reports page. Another resource I have been working on this year is a community info page for the Waterford Place 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 Waterford Place Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Waterford Place, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
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