Geneva Home Sales Rise 55%, Batavia 37.5%
Geneva's real estate boomed in September as the rest of the Chicago area saw a bump in year-over-year comparisons.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—and the Tri-Cities real estate market reflected that boom. Geneva and Batavia both saw large gains in September 2012 compared to September 2011, according to the Mainstreet Organization of Realtors (MORe). The number of homes sold in Geneva increased by 55 percent, the greatest in the Tri-Cities area. The average sales price went up as well, rising 14.1 percent year over year. Batavia had a similar boost, with 37.5 percent more homes sold in Sept. 2012 than Sept. 2011, according to MORe. St. Charles saw the most modest increase at 2.3 percent. Across the Chicago area, the number of homes sold in September rose by 22 percent over …
Lou B.
7:11 am on Wednesday, October 17, 2012
I wonder what percentage of total homes on the market have sold. If 25% more homes are for sale this year, relative to last year a rise in the actual number of homes 'sold' is meaningless. If every home in Geneva were for sale, the number of sales would certainly rise. Could Ms. Williamson please post the total homes for sale information. more ›