Geneva IL Market Update July 21, 2012

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 Market Update

 

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.

 

 

 

 

 

 

Leslie Ebersole, Real Estate Broker
962 S Randall Rd St. CharlesIL60174 USA 
 • 630-945-7935

Related posts:

  1. Geneva IL Market Update | Single Family Homes | July 1 2011
  2. Geneva IL Market Update | Single Family Homes | July 1 2011
  3. Geneva IL Home Sales Report May 2012
About Leslie Ebersole

I am a Realtor with Baird&Warner Real Estate in St. Charles, IL. I am deeply committed to helping sellers and buyers navigate and succeed in this challenging real estate market. I list and sell homes in the western suburbs of Chicago, including St. Charles, Geneva, Batavia, Elburn, South Elgin and Wayne.

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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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