Edwardsville Illinois Real Estate Market Report YTD Thro
ugh August 2011
Year-to-date through August 2011, 202 homes have been sold in Edwardsville, Illinois. That's down 13.3 percent from the 233 homes sold by the end of August in 2010.
Right now, 186 listings are currently under contract, down five percent from pending sales on the books year-to-date in 2010.
The average selling price in Edwardsville through August 2011 is $217,140, just 2.8 percent lower than 2010.
Average days on the market have risen to 170, up 16.5 percent from 2010 when the average house in Edwardsville stayed on the market 146 days.
What does this mean? Fewer homes have sold during the first half of the year in Edwardsville, but pending sales have risen to within five percent of the prior year, a good sign. The average selling price is holding its own with less than a three percent dip from last year. And homes are taking longer to sell with the average number of days on the market experiencing a fairly significant increase.
So, if you're selling your home, make sure it stands out against the competition in price and condition so you can help it sell efficiently. If you're a buyer, now is the time to make a decision and place an offer before prices, which are stabilizing, rise and you've missed your best opportunities.
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I am an Illinois Real Estate Broker and REALTOR with GoshenRealtyGroup at RE/MAX Preferred Partners in Edwardsville, Illinois. We're Edwardsville's only RE/MAX office.
We help clients buy and sell homes and investment properties in St. Louis' Illinois suburbs with special emphasis on the Metro East communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy, Bethalto, Granite City, Highland, Wood River, Godfrey, O'Fallon, Shiloh, Belleville and surrounding areas in Madison and St. Clair counties in Illinois.
Goshen Realty Group takes its name from the earliest nickname for Madison County, Illinois -- "The Land of Goshen" -- coined when the region's 18th century settlers compared their new home on the eastern banks of the Mississippi River to the biblical land of peace and plenty.
For more information, visit 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.
REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025, 618-791-8007 (direct) 618-655-1188 (office). Each office is independently owned and operated.
