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.


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