$334,900

One-of-a-kind custom Mid-Century Modern ranch nestled on the most gorgeous, rolling, 8.55 private acres. The picturesque vistas are incredible w/open grassy, green space, deer, wildlife, & sunsets-SO MUCH potential on a private road to experience your dream home! Kitchen boasts original St. Charles cabinetry, copper wall oven, & stainless steel appliances (Viking stove). 

Each room was built to enjoy nature from dramatic over-sized windows. Vaulted ceilings in the family room with brick fireplace, built-in bookcases, & incredible views.  Gorgeous enclosed porch with fireplace, views from every window, and patio doors to the Bluestone paver patio!!! 

Large master bedroom with fireplace, walk in closet, & bath with dual sinks, whirlpool, & shower.  Added benefits are 2-stall barn with tack room, kennels, and tennis court for your pleasure.  $599,000.  

SOLD

See Video Below

SOLD

2018 YEAR END SALES NUMBERS:

1.  The number of homes sold in Geneva, St. Charles, and Batavia were all down in 2018 compared to 2017.  The biggest drop was in Geneva---in 2017, 507 homes sold and in 2018, only 434 homes sold. Which translates to a 14.4% DECLINE IN HOMES SOLD...St. Charles and Batavia both saw a 8% decline in sales in 2018 as well.

2.  Despite the lower number of homes sold, prices remained slightly up or unchanged in most towns in Kane County.  Larger homes with higher taxes are still seeing the worst of the price declines.  The one exception is homes in-town Geneva with the ability to walk to town, shopping, and the train.

3. Median sale prices for 2018:  

Batavia IL Real Estate- $306,000 up 1.3%

Elburn IL Real Estate - $303,500 up 2.9%

Geneva IL Real Estate- $356,500  down .07%

St. Charles IL Real Estate $352,750 up 3.2%

4. Houses that have been well maintained or that have been updated under $400,000 is what is selling the best and in the shortest amount of time. 

5.  The number of town homes sold in Geneva and Batavia were way down.  The reason for the drop is that inventory levels for town homes under $250,000 remains low.  Prices were up between 4-6% in Geneva, St. Charles, and Batavia.   I don't see any data that would suggest that demand will not stay strong for affordable town houses in 2019. 

6.  Median Sales Price for town homes 2018:

Batavia IL Real Estate- $206,500 up 4.5%

Elburn IL Real Estate- $172,500 up 6.2%

Geneva IL Real Estate- $250,000 up 6.4%

St. Charles IL Real Estate- $233,500 up 6.4%

We feel it is still too early to make an accurate forecast regarding the 2019 market.  We are seeing activity now that is very similar to January 2018.  We will wait to see how February goes before advising our clients on the correct strategy.  

Restaurant Week Starts January 21 - 27th 2019

This is an overview of some of the downtown restaurants in Geneva, Illinois and what they have to offer the dining populace.   As small and quaint as it is, Geneva, IL., has got something to fulfill everyone's needs--from specialty stores to neighborhood butcher shops and everything in between. You will find many restaurants that will satisfy one's appetite and taste buds.

Top 20 Downtown Geneva, Illinois Restaurants

Bien Trucha, 410 W State St, Geneva, IL--Bien Trucha is a well-kept secret and hard to find--Fabulous Mexican cuisine all situated in a cozy atmosphere offering Guacamole de Dia, cazeulitas, or petite trough with Chihuahua cheese with mushroom served with tortillas.  The specialty tacos are to "die for." Cannot make reservations, so arrive, register, and they will call your cell phone when table is ready...Enjoy their bar specialties---Margaritas are excellent! http://www.bientrucha.com/

**The Walrus Room,  415 W State St #105 Geneva, IL-- The Walrus Room has a supper club" vibe, very trendy decor, and a bar with unique handcrafted cocktails and plenty of beer and wine choices too.  The menu varies by season, but love their different take on the traditional meat and cheese plate, french onion soup, and Brussels sprouts.   The pot pie was delicious, the vegetarian burger is a nice offering, Walleye Meuneire, and don't miss out on the Prime Rib Saturdays.  Love the ambiance at this restaurant, great for date night.  https://thewalrusgeneva.com/

##Atwater’s Restaurant,  is located 15 S River Ln, Geneva, IL and is in the Herrington Inn--Atwater’s gives you a fine dining experience with custom-created menus with classic foods with a modern touch. Atwater’s offers everything from breakfast, lunch, and a memorable dinner experience seven days a week. This five-star restaurant is smaller (16 tables) and also has a fabulous outdoor dining experience, when weather permits...Reservations are a must, if wish to get a table.  http://atwatersgeneva.com/

Nobel House, 305 W State Street, Geneva, IL--At Nobel House you will find knowledgeable and quality service in a warm, friendly, and fun atmosphere. Their food is prepared from scratch and features smoked meats, fresh seafood, and many vegetarian options. The Burnt Ends appetizer is amazing. Nobel House has 30 beers on draft and a variety of bottles/cans featuring locally and nationally recognized craft breweries, handcrafted cocktails, and a fantastic wine list.  http://nobelhousegeneva.com/

Fiora's, 317 S 3rd St, Geneva, IL--Fiora’s is not just a European-influenced cuisine with fantastic choice of wineries, but it has a very warm and inviting atmosphere. The menu is filled with delicious entries like the filet mignon Au Poivre, seared duck breast, braised short ribs, and much more. There is a patio area with a bar of its' own and sometimes you will find live music, when weather permits. http://www.fioras.com/

** Firewater BBQ & BREW, 524 W State St, Geneva, IL--  The name says it all--fabulous BBQ, pulled pork (delicious), Angus beef brisket (so good), baby back ribs (fall off the bone), jumbo wings, and pulled chicken.  Top any of those dishes off with craft beer.  Oh, and did I mention the five mouth-watering sauces???

 Villa Verone, 416 Hamilton Street, Geneva, IL--  An Italian restaurant with a twist--At night the upstairs turns into a Martini Bar and Dance Club.  Enjoy live music after your meal and dance the night away for a perfect evening! As far as food choices, you get the "Italian feel"as soon as you enter the restaurant and the menu is endless..You can also "special order" a custom meal of your choice!  Villa Verone has one of the best outdoor patios in all of Geneva.  Enjoy the fresh homemade soups, amazing pasta dishes, and the ambiance of ltaly.  http://www.villaverone.com/

Patten House Restaurant, 124 S 2nd St, Geneva, IL--The Patten house was transformed from a historical home and now is one of the best multi-level restaurants and bars featuring a unique menu with Cajun flair, an extensive outdoor patio, and multiple dining rooms. Their menu offers some vegetarian entrees, salads, ribs, steaks, and specials... The Brussels Sprouts are fabulous.  Reservations a must to ensure a wonderful dining experience.  https://www.facebook.com/The-Patten-House-Restaurant-and-Bar-235063853337578/

Barrel and Rye, 477 S 3rd St, suite 184, Geneva, IL--Barrel and Rye restaurant has a lot to offer--fine food, and a whole new and comfy dining experience. Some of the best handcrafted cocktails in the area. They do not take reservations, but call ahead to avoid disappointment. http://www.barrelandrye.com/#barrelrye 

Wildwood Restaurant 477 S 3rd St 190, Geneva, IL--When you are looking for traditional American cuisine like oak-grilled steaks in downtown Geneva, fresh seafood, poultry, or maybe a wonderful salad, Wildwood is definitely a restaurant to consider. During the warmer months, an outdoor courtyard dining experience is also available. You can also dine in the warm and inviting lounge with great service and attention to detail. http://www.wildwoodsteak.com/

##GIA MIA PIZZA BAR, 13 N 3rd St, Geneva, IL--The menu here is authentic Italian fare with the farm–to-fork concepts like homemade mozzarella or thick piccata with sautéed spinach or fingerling potatoes, Neapolitan-style pizza, fresh homemade pasta, antipasto and much more.  http://www.giamiapizzabar.com/geneva/

The Burger Local, 577 S 3rd St, #102, Geneva, IL--Everything here is locally inspired, so do not just go there for a burger. Expect a diverse menu that is chef-inspired with comfort food with a modern twist. Many dishes that do not include meat...A lot of television here, so good place to stop by with kids.  http://theburgerlocal.com/

Niche, 14 S 3rd St, Geneva, IL--In addition to its' incredible cuisine, Niche is well recognized for the wide selection of wine and beer. The meals range from the refined version of nostalgic favorites to the most innovative and satisfying seasonal entrees. All entrees can be individually "tweeked" to your taste---adding or subtracting as needed. The dessert menu is fabulous, as is the wine list, and try the homemade, freshly-spun cotton candy to top off the evening...Reservations are very helpful.  http://www.nichegeneva.com/

##**Craft Urban, 211 James Street, Geneva, IL--It is your local neighborhood "go to restaurant" for creating food and beverage pairings--Highlighting local artisan producers and presenting their product in a fun and approachable way.  Craft Urban offers numerous local craft beers, original custom cocktails, amazing fresh salads, and various delicious breads and spreads.  The dinner menu is highlighted by short ribs, craft burgers, grits, shrimp, and Korean BBQ Duck Breast.  https://crafturban.com/

Doughocracy Restaurant, 407 S 3rd St, Geneva, IL --Doughocracy is a new casual pizza restaurant. Customers are allowed to choose one of the 10 signature pies. You can select from freshly made pizza sauces with more than 30 toppings. This is one of the best "get it your way" pizza restaurants you will find! http://doughocracy.com/

##**Livia, 207 S Third St, Geneva, IL-- Livia offers the famous "THE BUTCHER + THE CHEESE + THE TOAST," which is a great combination of different toppings on fabulous fresh toast.  They also had fresh salads, pasta, steak, and seafood.  Below you will see a pic of one of their tasty flat breads---a must try!!!  https://www.liviaitalianeatery.com/

Aurelio's Pizza, 330 W State St, Geneva, IL --Aurelio's Pizza is a long-time favorite in Geneva and is said to have some of the best thin and thick crust pie, pasta, and salads...Family friendly with great service! https://www.aureliospizza.com/

 Altiro, Latin Fusion Restaurant, 308 Anderson Blvd., Geneva, IL--Everything created here is created with innovative flavors from classic Latin cuisine with realistic pricing.. The menu here is diverse from steak tacos, guacamole trio, burritos, al fundido tacos, al gallina tacos and so much more. Smaller, intimate atmosphere with good service...Dining outdoors when weather permits...Reservations are required.  http://www.altirolatinfusion.com/

##Foxfire Restaurant, 17 W State St, Geneva, IL--Foxfire offers some of the best aged prime beef, chop and seafood, but in an elegant setting of wooden trellises and beams dating back to the 1900's. Their large wine list, menu of surf and turf, pasta, as well as bar bites is sure to please...Huge, expansive dining area with bar. https://foxfiregeneva.com/

##**Osteria Bigolaro, 317 W State St, Geneva, IL--Italian restaurant with the focus on the art of handcrafted pastas, homemade bread, and great wine.  Loved the shared plate options such as the Italian style pork ribs and house-made burrata--also the beet salad was very tasty!  Lamb, steak, or duck accompany various delicious fresh pasta options.  https://www.osteriabigolarorestaurant.com/

** Newer Restaurant In Geneva, IL 

## Taking Part In Restaurant Week 2019

 Looking for the perfect home in a 55 and over "lifestyle" community that backs to beautiful conservation area? Home features private den/office. Living room open to dining room for great entertaining. Kitchen has center island, Corian counters, 42" cabinets, stainless steel appliances, hardwood, and doors to "Trek" deck with automatic rolling awning to enjoy the scenic views on sunny days! Master bedroom has large walk-in closet and master bath with shower and double sinks. Laundry with tub and washer and dryer. Upgrades: Brick front, fully insulated garage with cabinetry & work bench, 50 gallon water heater 2018. Close to library, shopping, and restaurants. You will love the clubhouse, activities, pool, tennis courts, and friendships in this wonderful community! Make this your next home!

$259,900

As the year wound down, sales picked up a touch in November. Home sales in St. Charles and Geneva were all up from this time last year.  We attribute this to buyers wanting to be in a new home for Christmas or right after.  Rising rates and soft pricing also created some really good deals!!!

Even with a positive November, the number of homes sold in Geneva and Batavia were both down 10%, compared to this time in 2017.  The number of homes sold in Geneva was 470 in 2017 compared to 419 in 2018.  Homes sold in Batavia were 354 in 2017 compared to 318 in 2018.  The St. Charles market has seen a 1% increase in the number of homes sold--780 in 2017 compared to 788 in 2018.

Data confirms our general thesis that there is a shortage of town homes under $300,000 in St. Charles, Geneva, and Batavia.  So the number of sold units is down, but prices are up.   

With that being said, if the stock market gets worse and rates keep rising, nothing is immune to price swings.   We will see the end of the year numbers very soon!  

Happy Holidays From The Purcell Group!!!

Thanks, again, to everyone who has bought or sold a home thru The Purcell Group. Your loyalty to us means the world!!! Congrats to all the winners!!!

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If you want to join our email list please email me at eric.purcell@bairdwarner.com

Merry Christmas and Happy New Year!  Your continued support and referrals got us, to our goal of over 21 million sold in real estate in 2018.  Thank you so much!!!

Thanks, again, to everyone who follows us on Social Media. Congrats to all the winners!!!

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Merry Christmas and Happy New Year! Thank You All for your continued support and referrals!

Top 5 Takeaways From The October 2018 Sales Data:

1.  Rising interest rates, the stock market decline, and seasonal slowness have finally caught up with the local housing market.  We started seeing weaker numbers in July and have been urging our clients to prepare for a slower end to 2018 and start to 2019.  Certain locations and styles will always command "top dollar."

2. Sales activity always starts to get slow in October thru the holidays, but this year with rising interest rates, we are starting to see the "reducing domino effect" cause concern for homes over $450,000.  Some times when the market weakens, you see the people who truly need to move take less for their home then they would in the Spring and Summer months.  This then turns into contagion and starts to force sellers to decide whether they wish to "be on a level playing field" with their competition or stick to their current asking price.

3.  Despite tougher conditions, median home prices in Geneva, St. Charles, Batavia, South Elgin, and Elburn have either stayed stable or slightly increased in 2018. 

4. Town homes have seen solid price growth over the last 2 years--the downsizing trend can be attributed to this demand.  Also more buyers like the idea of a smaller space, no maintenance, and lower taxes.  We continue to think there will be solid demand for town homes under $300,000 in 2019. 

5.  In a tougher market the Realtor you work with matters, Choose the THE PURCELL GROUP to buy or sell your home in 2019!!!