Market Conditions July 11, 2007
St. Charles, Illinois, is the northernmost city in the Tri-Cities area. The average sale price is around $493,000. The market is steady at this time, with "typical annual appreciation rates ... being realized." Like many markets across the country, sales are down -- about 16 percent in St. Charles -- from the same period last year. The month of June saw 70 closings. The averages sales prices was higher, however, than the month before. This is good news for sellers -- who continue to see residents moving to the area. And the local economy appears healthy as well. Notes one local expert, "The charming downtown -- named one of the region's "Top 10" by the Chicago Tribune -- boasts a desirable mix of restaurants, retailers, and significant architecture." |
