Batavia Homes Sale Update | July 2017 | Batavia Homes For Sale
Batavia School District | Batavia Home Sales Update
Batavia Home Sales Update once again has the strongest numbers of the year to report for two key categories. For 2017, July showed the highest average sale price. It is up another $1300 from last month and over $20,000 for the months prior to that! Having an increasing average sale price can be caused by an increase of higher priced homes like new homes, and/or it can simply be that the average home price continues on a healthy path.
The other record setter is the highest sale price to listing price ratio. It climbed to 97.86%. This means sellers are seeing very close to asking price for their homes. Buyers are seeing the value of homes in the district and are willing to pay the price for them.
Days on market continues to be very strong. While not the strongest in the county, homes are selling in about 2 months. If homes listed under $200,000 are not getting serious interest within a couple weeks of going on the market, buyers are sending a message. First check the marketing to make sure that it is being seen by buyers and also that the marketing is presenting a desirable message about the home. Second, check the price against what has actually closed. Too often homes are listed primarily looking at homes that are active, i.e. have failed to sell so far. A home seller must understand what buyers have actually been will to pay for a home, not what a seller is hoping to get.
If you are looking for an agent to sell your home who understands home sales in our area, call or text us at 513-201-7890 or Click Here!
Batavia School District Market Update (Each month is the previous 6 months totals & averages)
Active Listings Pending Listings Sold Listings Avg Active Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017 48 13 127 $176.972 $170,721 96.47% 2.9 60
February, 2017 48 25 108 $220,589 $179,458 96.84% 4.1 62
March, 2017 48 30 99 $228,197 $178,117 96.97% 4.7 77
April, 2017 46 40 91 $235,236 $176,146 96.99% 5.7 68
May, 2017 32 39 108 $221,912 $187,577 97.27% 3.94 74
June, 2017 38 30 117 $237,082 $196,218 97.58 3.49 67
July, 2017 41 31 120 $230,471 $197,532 97.86% 3.6 65
August, 2017 32 19 91 $256,178 $219,622 97.89% 3.4 62
September, 2017 38 22 142 239,995 198,815 97.88 2.5 55
October, 2017
November, 2017 37 17 119 $232,956 $189,478 97.65% 2.7 42
December, 2017 34 18 106 $237.149 $187,681 97.5% 2.9 46
