Blog

Aug. 7, 2018

Market Trends June 2018

 

4 Hot Trends:
1. Ranches and/or First Floor Master Bedrooms are in demand due to many buyers downsizing from larger homes
2. Homes, Town Homes, or Condos close or in downtown Geneva, as buyers want to enjoy the ability to walk to all the amenities
3. Homes that are in a good location and have been well kept or updated under $400,000, as buyers do not want to pay to do major remodeling or the time it takes to do the projects
4. Town Homes under $300,000 are making a strong comeback as younger and older buyers like the low taxes and maintenance free lifestyle--many have another home in warmer climate and split time between the two
June Market Watch:
Positives:
1.  The median home price currently in St. Charles has gone from $343,000 (2017) to $362,000 (2018), a 5.5% increase.  The cause for this was that many savvy buyers stepped in when some of the larger luxury homes got to a price that was hard to pass up.  Not a trend, but in this market segment it is more of a case by case basis. 
2.  Town home prices in both St. Charles (a 7.4% increase) and Geneva ( a 7.5% increase) showed a healthy increase in sales price and demand.
Negatives:
1. The Number of homes sold in St. Charles, Batavia, and Geneva year to date are all currently down quite a bit from June 2017
2.  The Number of homes currently under contract in July is also a lot lower than this time last year
 
What We Think:
 
The market has had a nice run up in the last 2-3 years, relativity low rates, and a spark in demand created a stable market.  It's only normal to see some softness in demand and pricing as rates rise, plus the IL economy still continues to create other problems for everyone locally.   So we are cautious for the rest of 2018 and will look at the year-end numbers and reevaluate our opinion of what 2019 may be like.  Inventory levels are low in some segments and demand for the "Hot Trends" mentioned above are still strong.

Posted in Market Trends
July 25, 2018

Homes For Sale Geneva IL-214 Chalmers Street

Looking to be close to town with a HUGE backyard and a charming home with today's updates? Walk to parks, trails, downtown Geneva, restaurants, shopping, and the scenic Fox River. Gorgeous kitchen with designer glass counter tops, expensive top-of-the-line sink, hardwood floors and panoramic views. Family room has brick fireplace, hardwood, and wall of windows for fabulous light! Beautiful year round sun room with incredible seasonal views! $264,500

 

Posted in Listings
July 25, 2018

Drone Tour Of Geneva IL

Aerial Drone Tour Of The Historic City Of Geneva, IL captured during summertime (2018). Highlighting the trendy and charming downtown area, the local shops, the trendy restaurants, the Geneva train station, the Geneva High School, The Kane County Cougar Baseball Stadium, Sunset Park, and the beautiful walking trails and landscapes along the Fox River. Contact us if you would like more information regarding homes for sale in Geneva IL.

Posted in City Info
July 20, 2018

Drone Tour Of St Charles IL

Aerial Drone Tour Of The Gorgeous City Of St. Charles, IL captured during summertime (2018). Highlighting the vibrant downtown area along the Fox River, local shops and restaurants, both St. Charles East & St. Charles North High Schools, Pottawatomie Park, Pool, and Golf Course, Otter Cove Aquatic Park, and the historic Baker Memorial Church. Contact us if you would like more information regarding homes for sale in St. Charles.

Posted in City Info
July 19, 2018

Batavia IL Drone Tour

Aerial Drone Tour Of The Fabulous City Of Batavia, IL captured during summertime (2018). Highlighting the growing downtown area, local shops and restaurants, the Batavia Public Library, Batavia High School, and all the beautiful parks and walking trails along the Fox River. Contact us if you would like more information regarding homes for sale in Batavia IL.

Posted in City Info
July 18, 2018

2s445 Sanchez Drive

Airy, open ranch with large living room with gas log fireplace that flows into dining room area---great for entertaining! Wonderful family room with panoramic views of mature trees, deck and landscaping. Lovely treed lot with privacy fence to enjoy the outdoors! Located in the popular SummerLakes subdivision.  $264,900

Posted in Listings
June 27, 2018

5N679 Longview Drive

New listing in St. Charles on a beautiful wooded 1.3 acres.  2176 total square feet with the finished lower level.  4 bedrooms, 2 full baths, and a 2-car garage.  $268,500.  SOLD!

Posted in Listings
June 11, 2018

3N655 E Laura Ingalls Wilder Road

Impeccable ranch backing to open space with the bike path behind--affording terrific panoramic views! Chef's kitchen with granite, breakfast bar, SS appliances, & huge pantry. Great room with fireplace that flows into kitchen & dining room for fabulous entertaining or everyday living!  Large full English finished basement offers 2 bedrooms, full bath, recreation room, play room or pool room, & tons of storage. $625,000. 

Posted in Listings
June 8, 2018

39W933 Carl Sandburg Road

Large custom St. Charles home with a private fenced yard backing to open space.  Remodeled chef's kitchen with creamy white cabinetry, SS appliances, double oven, granite island & stone backsplash.  6 possible bedrooms, 4 full baths, 2nd floor bonus room, and a full finished basement.  $439,876

 

 

Posted in Listings
June 7, 2018

6N540 Burr Road

New St. Charles home for sale with a huge 4.5 car heated garage on 1.29 acres. Huge kitchen, open floor plan, giant master bedroom suite, 4 full baths, and a full finished English basement.  Enjoy the privacy and hot tub!!!! $499,000.

Posted in Listings