How are home values in Edwardsville, Illinois?
As you might imagine, this is a question I get all the time because people are confused and anxious about the worth of their homes.
If you look at the national media, you might be forgiven for thinking that everything in real estate is bad news. So let's take a deep, cleansing breath and look at the image of lovely Leclaire Park at the right and then peek at the real Edwardsville numbers for a dose of truth:
In 2009, 334 homes were sold in Edwardsville. The average home stayed on the market 157 days, and sold at an average price of $198,122.
Fast forward to 2010 and fewer homes were sold in Edwardsville -- 317. Those homes also stayed on the market a little longer -- an average of 168 days on the market.
But here's the great news: Home sales prices in Edwardsville actually ROSE 12.44 percent in 2010 over 2009. The average home in 2010 sold for $222,780 and posted a good list-to-sell ratio of 95 percent.
Today, at the midway point in 2011, Edwardsville home sales are on pace to be slower than 2010, but they are selling at a very stable price.
Year-to-date on June 1, 2011, just 102 Edwardsville homes have been sold. That's 20.7 percent fewer than January 1 to June 1 in 2010. However, prices on these sold homes are up nearly half a percent over 2010. (Note that some of the higher sales volume in 2010 can be attributed to the homebuyer's tax credit that was offered in the first half of 2010.)
What does all of this mean? To me it says that if you need or want to sell your Edwardsville home in 2011, it can be done efficiently if you have kept it in good condition and if you price it right from the very beginning using your Realtor's in-depth research on comparable, recent sales as a guide.
More questions about Edwardsville real estate? You can reach me at Nancy@GoshenRealtyGroup.com or follow the market on my site at www.GoshenRealtyGroup.com. You also can keep track on my blog at www.MyEdwardsvilleHome.com (below) where you'll find market information and links to homes for sale by neighborhood.
Enjoy life in the (618) area code in Southwestern Illinois, St. Louis' Illinois suburbs. SEARCH FOR HOMES HERE.
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I help good people buy and sell good homes in St. Louis' Illinois suburbs, with special emphasis on the Metro East communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy and surrounding areas in Madison County, Illinois.
Are you a teacher, firefighter, law enforcement officer, medical professional or active duty or retired military? Then ask me about Homes for Heroes, offering substantial savings on home purchases. Learn more at Homes For Heroes.
For more information or to search for homes, visit my sites at NancyMilton.com, 618Life.com, or GoshenRealtyGroup.com or send an email to me at Nancy@GoshenRealtyGroup.com. Text or call Nancy Milton Holtzscher, your Edwardsville Realtor, at 618-791-8007 any time.
REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025, 618-791-8007 (direct) 618-655-1188 (office). We're easy to find on IL-157 in Edwardsville between Pasta House Co. and Shenanigans. Each office is independently owned and operated.