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January 2013 Home Sales Jump in Geneva
Median sale prices continue to drop year-over-year, but at least one expert is predicting that sales volume will continue to rise dramatically in 2013.
By Lauren Williamson Geneva leads the league among the Tri-Cities in the January real estate report compiled by the Mainstreet Organization of Realtors. Geneva not only saw the largest percent increase, with 76.9 percent more homes sold year over year in January, but homes held their value better than those sold in neighbors Batavia and St. Charles. It's hard to say for sure from the stats provided, but those numbers hint strongly that Geneva saw fewer foreclosures in January 2013. Twenty-three homes were sold in Geneva in January 2013 compared to 13 in January 2012. The median price dropped, but only by a little more than $11,000 per home—about a 3.5 percent difference. Compare that to Batavia, where the median sale price of detached, …
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