This
Hannaford Farm Sugar Grove market report covers property sales during all of 2011 as well as a look ahead to 2012. The past year was a mixed year for
Sugar Grove real estate - inventory was high through much of the year and due to this, prices have continued to decline. This is still a foreclosure and short sale driven market and Hannaford Farm is no exception. We did see some improvement in market activity particularly in the last quarter that we hope will continue through this year. Let's take a look at the numbers:
Here are our home sales for 2011:
$475000 1749 Hunters Ridge Ln
$525000 1752 Hunters Ridge Ln
$599000 1738 Hannaford Dr
The average sales price in Hannaford Farm for 2011 was $533,000
There is good news - 2012 already looks like it will be a busy year based on current buyer activity. Inventory remains high in Sugar Grove but we hope buyer activity will begin to reduce inventory. These are the homes in
Hannaford Farm Subdivision that are currently on the market:
$475000 525 Willow St
$569000 1641 Chestnut Hill Ct
The average list price for homes currently on the market in Hannaford Farm is: $522,000
We do expect more sales activity this year in Hannaford Farm and other
Sugar Grove subdivisions - hope remains high that this additional activity will continue to push the market back into balance. If you are going to
buy a home in Hannaford Farm in 2012 or are thinking of
selling a home in Hannaford Farm I have assembled a market snapshot tool that you will want to bookmark. You can view up-to-date market reports for this subdivision as well as all of Sugar Grove on my
Hannaford Farm real estate reports page. Another resource I have been working on this year is a community info page for the Hannaford Farm subdivision. This page combines school statistics with a local map-based business search. On the same easy-to-navigate page, you can research information about area schools, locate the nearest grocery stores or find a good place for dinner near the subdivision by visiting my
Hannaford Farm Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Hannaford Farm, Sugar Grove or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.
