Below are some key statistics to give you an idea of what is happening in the Batavia real estate market. Note that distressed home sales continue to make up a significant portion of the real estate market and that the inventory levels indicate a strong buyer’s market.
Batavia – Attached Homes |
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| All Homes Sold | January 2011 | % Change From Last January |
| Median Sale Price | $215,000 | 26% |
| Qty Sold (All) | 2 | 100% |
| Qty Sold (up to $200k) | 2 | 100% |
| Qty Sold ($200k up to $400k) | 0 | 0 Sold in 2010 |
| Distressed Homes Sold | January 2011 | |
| % of Distressed Homes | 0% | |
| Median Sale Price | $0 | |
| February 2011 | ||
| Qty of Homes for Sale | 39 | |
| Qty of Homes Under Contract | 2 | |
| Months of Inventory* | 20.5 | (Buyer’s Market) |
Batavia – Detached Homes |
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| All Homes Sold | January 2011 | % Change From Last January |
| Median Sale Price | $233,250 | -21% |
| Qty Sold (All) | 12 | 33% |
| Qty Sold (up to $250k) | 8 | 167% |
| Qty Sold ($250k up to $500k) | 4 | -20% |
| Qty Sold ($500k up to $750k) | 0 | -100% |
| Distressed Homes Sold | January 2011 | |
| % of Distressed Homes | 25% | |
| Median Sale Price | $210,000 | |
| February 2011 | ||
| Qty of Homes for Sale | 169 | |
| Qty of Homes Under Contract | 40 | |
| Months of Inventory* | 17.4 | (Buyer’s Market) |
*Months of Inventory is calculated by dividing the number of homes currently for sale and under contract by the number of homes that have sold last month. A result of 1 to 5 months is considered a Seller’s Market. A result of 6 to 8 months is considered a Neutral Market. A result of 9 or more months is considered a Buyer’s Market. Note that this number assumes that no new homes come onto the market.
(Data Source: MLS)
Whether you are looking to buy, sell or invest in real estate, check out www.FoxValleyGreenHomes.com for the latest market information and resources to help you with all of your real estate needs.
Vince Coniglione
Real Estate Professional
Keller Williams Fox Valley Realty
630-391-8764
