Monday July 5, 2010

Leslie Ebersole's GENEVA, IL 60134

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 393,060 ==
Asking Price Per Square Foot $ 147 ±+
The median list price in GENEVA, IL 60134 this week is $393,060. Average Days on Market (DOM) 188 ==
Percent of Properties with Price Decrease 52 %
Percent Relisted (reset DOM) 12 %
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 3%
providing strong indication for market conditions. Median House Size (sq ft) 2763
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 11.1 ±+

Inventory levels have been relatively consistent relative to sales. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Despite the fact that there is a relatively high amount of available
inventory, this Buyer's market is still seeing prices move higher. = Slight upward trend ≠ Slight downward trend
Given inventory levels, these price conditions are relatively fragile.
If the market cools off further, the price trend is likely to reverse.

Price
Market Action Index In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
over the last several weeks.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 679,000 3700 acre 4.0 3.5 10 71 1 1 259 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 439,900 2939 acre 4.0 2.5 10 71 5 3 186 Upper-middle 25% of properties

8,001 -
Lower/Third $ 349,900 2600 10,000 sqft 4.0 2.5 11 71 3 8 139 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 247,200 1816 10,000 sqft 3.0 2.0 37 71 2 4 169 Least expensive 25% of properties

Leslie Ebersole | Baird&Warner | (630)945-7935

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