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Elburn Real Estate Market Update
Elburn's 5 Year Real Estate Market
Update
|
The town of Elburn has seen a very strong market
growth with good appreciation numbers, averaging 5.33% per year for
the past 5 years. As the area develops, home owners will
continue to see a steady increase in property values. Even though
2006 has been a testing year for the Real Estate Market, the Midwest
has held strong with an average appreciation of 1.7% over last year.
Many communities have experienced what appears to be dropping house
values when in reality, prices have more so leveled off. The outlook
is strong with many buyers looking to make their move in to the
Elburn area.
The following reports shows how the Elburn Real Estate Market
has performed over the last 5 years. |
In 2006, 158 Single Family Homes have Sold by
REALTORS in 2006,
with an average Sale Price of $354,566 and an average of 82 days on
market.
"AVERAGE 5.3% APPRECIATION PER YEAR OVER A TWO YEAR PERIOD"
| ***************S U M M A R
Y*************** |
| |
High |
Low |
Average |
| AVERAGE LIST PRICE:
|
$729,900 |
$144,900
|
$355,739 |
| AVERAGE SALE PRICE:
|
$695,000
|
$125,000
|
$354,566 |
In 2005, 162 Single Family Homes Sold by REALTORS, with an
average
Sale Price of $366,616 and an average of 127 days on market.
"AVERAGE 14.5% APPRECIATION IN ONE YEAR"
| ***************S U M M A R
Y*************** |
| |
High |
Low |
Average |
| AVERAGE LIST PRICE:
|
$1,650,000 |
$162,900
|
$369,716 |
| AVERAGE SALE PRICE:
|
$1,575,000
|
$162,900
|
$366,616 |
In 2004, 179 Single Family Homes Sold by REALTORS, with an
average
Sale Price of $319,840 and an average of 83 days on market.
"AVERAGE 4.7% APPRECIATION IN ONE YEAR"
| ***************S U M M A R
Y*************** |
| |
High |
Low |
Average |
| AVERAGE LIST PRICE:
|
$1,050,000 |
$147,500
|
$322,290 |
| AVERAGE SALE PRICE:
|
$1,000,000
|
$136,000
|
$319,840 |
In 2003, 111 Single Family Homes Sold by REALTORS, with an
average
Sale Price of $305,212 and an average of 64 days on market.
"AVERAGE 11.9% APPRECIATION IN ONE YEAR"
| ***************S U M M A R
Y*************** |
| |
High |
Low |
Average |
| AVERAGE LIST PRICE:
|
$1,385,000 |
$115,000
|
$315,697 |
| AVERAGE SALE PRICE:
|
$1,200,000
|
$118,000
|
$305,212 |
In 2002, 87 Single Family Homes Sold by REALTORS, with an
average
Sale Price of $272,728 and an average of 51 days on market.
| ***************S U M M A R
Y*************** |
| |
High |
Low |
Average |
| AVERAGE LIST PRICE: |
$539,987 |
$105,000
|
$280,390 |
| AVERAGE SALE PRICE:
|
$556,000
|
$96,000
|
$272,728 |
|
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