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!.

1 Comments:

Anonymous Bob Portale said...

This is great information Chip. Thanks! Keep blogging. You are off to a great start!

11:40 AM  

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