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.