Sunday, March 21, 2010

Great News for Glen Ellyn!


According to the graph above, at the year end, Glen Ellyn's Mean Sales Price over the prior 12-month period was $403,515.

I'm working on a new appraisal today, and during the period between 3/20/2009 and 3/19/2010, the mean sales price is $416,416.

This shows just about a 3% increase after almost 3 months into 2010. This follows a period after average sales prices in Glen Ellyn fell about 24.4% over the past 2 years. (From $534,053 down to $403,515).

Sugar Grove May Have Bottomed Out, Positive Trend Just Observed

According to the graph above, at the year end, Sugar Grove's Mean Sales Price over the prior 12-month period was $305,289.

I'm working on a new appraisal today, and during the period between 3/20/2009 and 3/19/2010, the mean sales price is $308,793. 

This shows just about a 1% increase to start 2010.  This is after average sales prices fell about 16% in 2009.  Good news where ever we can find it!

Tuesday, March 16, 2010

Hoffman Estates showing increasing values

It's time for some good news for my friends in the Northwest suburbs!

The graph above shows the annualized mean sales price by quarter for detached housing in the Village of Hoffman Estates, IL. It shows a downward trend after the market peaked at the end of 2007, with significant declines to follow over the next 8 quarters.


According to a current apprasial I am working on, in the 12 month period between 3/14/2009 and 3/14/2010, the average sales price in all of Hoffman Estates is $286,614.

As you can see, at the end of the year, for the period between 1/1/2009 and 12/31/2009, the mean sales price was $282,791. This represents an approximate 1.5% increase from the average sale price just 2.5 months ago.

I'm seeing this positive trend in about 50% of the areas that I am doing appraisals in right at this moment.

Thursday, March 04, 2010

Good News for St. Charles, Illinois!


The graph above shows the annualized mean sales price by quarter for detached housing in the Village of St. Charles, IL. It shows a downward trend after the market peaked in early -2008, with significant declines to follow over the next 5 quarters.

According to a current apprasial I am working on, in the 12 month period between 3/5/2009 and 3/4/2010, the average sales price in all of St. Charles is $390,074.

As you can see, at the end of the year, for the period between 1/1/2009 and 12/31/2009, the mean sales price was $384,238. This represents a 1.5% increase from the average sale price on 12/31/2009.

Another example of a positive increase is noted, this time in St. Charles, suggests our market may have bottomed out and is seeing a positive trend.

Tuesday, March 02, 2010

More Good News! Market increases for Geneva, IL!

The graph above shows the annualized mean sales price by quarter for detached housing in the Village of Geneva, IL. It shows a downward trend after the market peaked in mid-2007.


According to a current apprasial I am working on, in the 12 month period between 3/1/2009 and 2/28/2010, the average sales price in all of Geneva is $356,244.
 
As you can see, at the end of the year, for the period between 1/1/2009 and 12/31/2009, the mean sales price was $353,591.  This represents a 0.75% increase from the average sale price on 12/31/2009.
 
This positive increase noted in Geneva suggests our market may have bottomed out and is seeing a reversal.  Let's all hope it continues, not only for Geneva, but everywhere!.