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Geneva's October Home Sale Prices Drop Like a Lead Balloon
While the price of homes sold in Batavia and St. Charles went up for the month of October, Geneva's median sale price dropped almost 24 percent from a year ago.
Home prices for Geneva took a dive year over year for the month of October, a sobering statistic especially when you consider the median prices went up in Batavia and St. Charles during the same time period. Overall, the market for detached, single-family homes in the Tri-Cities area saw growth in October, according to the Mainstreet Organization of Realtors (MORe). MORe gets its statistics from Midwest Real Estate Data. St. Charles experienced the most dramatic percent change in the number of homes sold, with an uptick of 38.5 percent in October 2012 over October 2011. The number of actual homes sold this October was 54, compared to the 39 sold during the same period last year. Across the Chicago suburbs, sales of single-family detached …
Jon Azavedo
12:31 pm on Tuesday, November 20, 2012
Yes. Add in all the empty storefronts downtown, loss of Randall Road biz to Batavia and the fact that Geneva carried a cache to all the wannabe 30-year olds who moved here 10-12 years ago, piled on second mortgages and are now bailing with short sales. Drive down Fargo and prove me wrong. more ›