Geneva IL is showing steady improvement in the housing market. There have been 187 closed sales of single family homes so far this year. Of these 187 sales, 20 (11%) were shorts sales and 15 (8%) were bank-owned foreclosures. The 19% total distress sales is considerably considerably below the average of 40% for the Chicago metro area.
The highest price sale so far this year in Geneva has been $662,000. The highest price foreclosure sale was $260,000 while the highest priced short sale closed for $565,000. It may be that owners of more expensive homes are more comfortable navigating the complexities of a short sale, so fewer upper-end homes go all the way to foreclosure.
Please Contact Me if you'd like more information about the housing market in Geneva IL.
Geneva IL Home Sales
Single Family Homes
Geneva IL Home Sales
Single Family Homes As of July 21 2012
Closed Sales: 187
Average Closed Price: $322,075
Average Market Time: 163 Days
Under Contract: 66
Average List Price: $317,789
Average Market Time: 180 Days
Active Listings: 208
Average List Price: $404,265
Average Market Time: 209 Days
Please Contact Me if you'd like more information about the housing market in Geneva IL.
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