In 2009 there were 176 closed sales for an average closed price of $314,575. In 2010 there have been 198 closed sales at an average price of $290,151.
In Batavia, IL the number of closed transactions in 2010 increased by 12.5% over 2009, while the average closed price dropped by 8%.
There were a significant number of bank-owned foreclosures and short sales sold in 2010, especially at the lower end of the price range at prices below about $200,000. 60% of the transactions closed for under $300,000.
While there have been several new listings in Batavia IL in the past two weeks, the total inventory is dropping as some homes sell and others are taken off the market for winter. See all the homes listed for sale in Batavia, IL.
Investors and frugal home buyers have new opportunities for "great deals" in foreclosure listings in the western suburbs.
If you would like a detailed report for your neighborhood or subdivision in Batavia IL please give me a call at (630)945-7935. If you would like to receive free independent market research reports from Altos Research click here.
Batavia IL Market Statistics
2010 Closed Sales: 198
Average Closed Price: $290,151
Average Market Time: 171 Days
Under Contract: 30
Average List Price: $243,910
Average Market Time: 271 days
Active Listings: 176
Average List Price: $367,328
Average Market Time: 273 Days
Data Above Provided by MRED, the Multiple Listing Service of Northern Illinois
Batavia IL Market Trends
This post was written by Leslie Ebersole, Baird&Warner Real Estate and originally published on FoxValleyRealEstate.net. Reproduction or use without written consent of author is prohibited.