November Home Sales Soar in St. Charles

The 55 detached, single-family homes sold in St. Charles during November represented a 96.4 percent increase over November 2011, according to the Mainstreet Organization of Realtors.

There were 55 homes sold in St. Charles during November.

In addition, the median price of homes sold in November ($290,000) was 32.8 percent higher than the median price of homes sold in November 2011 ($218,350).

The market for detached, single-family homes throughout the Tri-Cities was a mixed bag in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Geneva saw a 3.5 percent increase in the number of homes sold year over year in November. There were 29 homes sold that month in 2011 and 30 in 2012.

Batavia saw a 42.9 percent drop in November home sales from a year earlier. That shakes out to 12 homes sold in November 2012 compared with 21 sold in November 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 35.6 percent in November over the same month in 2011, according to MORe. 

MORe predicts December will be another month of local housing market growth, as the number of detached homes under contract in November 2012 was 54 percent higher than in November 2011. 

“We are on pace to finish strong in 2012,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “It is a great time to be in the market, especially in the Chicago area. Every day we see signs that conditions are continuing to improve to the benefit of both buyers and sellers.”

247,000

238,000

302,438

279,750

290,000

218,350

Source: Mainstreet Organization of Realtors