My Fairway View Subdivision 2011 Market Report is in with a look ahead to 2012. Over the past year, the North Aurora Real Estate market continued to be somewhat soft. We did see some improvement in market activity particularly in the last quarter that we hope will continue through this year. Jumping in to the market data, this is what we have:



Here are our home sales for 2011:



$115000 245 Ridge Rd

$140000 326 Ridge Rd

$180000 331 Ridge Rd

$180000 239 Ridge Rd




The average sales price in Fairway View for 2011 was $153,750.



Based on current market activity, many agents are predicting a stronger spring than we've seen over the past couple years. Combine this with a decreasing number of new foreclosures and there's hope that the existing inventory will continue to erode. Currently, these are the homes in Fairway View Subdivision that are on the market:



$175000 387 Ridge Rd

$190000 362 Ridge Rd

$195000 217 Ridge Rd

$195900 318 Ridge Rd

$219900 283 Ridge Rd

$234900 307 Ridge Rd




The average list price for homes currently on the market in Fairway View is: $201,783



Hope remains high for North Aurora subdivisions that increasd market activity will continue to bring the market back into balance. If you are in the market to buy a home in Fairway View in 2012 or are looking to sell a home in Fairway View I have assembled a market activity report that you will want to bookmark. You can view up-to-date market activity for this subdivision and all of North Aurora on my Fairway View real estate reports page. Another resource I have been working on this year is a community info page for the Fairway View 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 Fairway View Community Page. I hope you have found this information informative and always remember that if you need real estate assistance in Fairway View, North Aurora or another Illinois community, please don't hesitate to call Eric Rogers at (630) 346-1041.