• Bank owned properties as a % of all sold is at 27%, down from 52%
• Months Supply of inventory (MSI) – Bank Owned at 5.2 months vs 18.5 months
• Months Supply of inventory (MSI)  - Traditional at 7.2 months vs 29.9 months
• Months Supply of inventory (MSI)   – Overall at 6.6 months vs 18.5 months

Remember, in balanced market (one that favors neither buyers or sellers) there is about 6 months of inventory.

• Units Sold Bank Owned – down 4%, Under Contract – flat
• Units Sold Traditional – up 50%, Under Contract – up 200%
• Units Sold Overall – up 23.5%, Under Contract – up 95.7%

Finally, how about pricing? For this metric we are looking at those properties that are Under Contract as they normally reflect the most recent purchases. Prices are based on the Median.

• Bank Owned – up 36.2%
• Traditional – up 7.6%
• Overall – up 27.9%

In summary, Inventories in this market segment are at what is traditionally viewed as a balance point, Units Sold and Under Contract are up significantly over a year ago, and Median Prices are up. And, as a final measure, the percentage of Bank Owned properties is down significantly.

*Numbers are taken from Terradatum and are based on closed MLS statistics.

The table below shows key measures as of January 27, 2012.

90-day stats for Condo properties in NAPERVILLE, IL as of February 3, 2012
Median List Price:	$150,731	Average List Price:	$186,781
Total Inventory:	304	Price per Square Foot:	$123
Average Home Size:	1,382	Median Lot Size:	n/a
Average # Beds:	2.21	Average # Baths:	2.07
Homes Absorbed:	15	Newly Listed:	10
Days on Market:	245	Average Age:	21

The above statistics are for attached properties in Naperville. The numbers and trends can and do vary for different areas in the same town (zip code). The same information is also available for Lisle, Aurora, Plainfield and Oswego.  Give us a call at 630-718-2305 or drop us an email with your request. Additionally, you may have reports emailed directly to you for the zip code area you want to explore.

Special Membership Luncheon with Tom Ricketts, Chairman, Chicago Cubs

Monday, February 13, 2012, 11:30 a.m.-1 p.m. at the Hilton Lisle/Naperville, located at 3003 Corporate West Drive in Lisle. What an opportunity to hear from the top where the Cubs are headed. With a new management team, OperationsPresident, including General Manager, and Manager and a significant changes in players, this is sure to be an interesting presentation.

Tickets for the event are $25 for Members, $30 at the door, and $35 for nonmembers. To register or for more information, visit the Chamber’s website,www.naperville.net, contact Lisa Spaeth at 630-544-3365, or the Chamber at 630-355-4141.

Annual State of the City Address with Mayor A. George Pradel

Monday, Feb. 27. The event will be held from 7:30 to 9 a.m. at the new Marriott hotel at the corner of Diehl and Naper Blvd.

Tickets for this special breakfast meeting are  $30 for Members and $40 for nonmembers.   To register or for more information, visit the Chamber’s website,www.naperville.net, or the Chamber at 630-355-4141.

]]> http://www.mynapervillehomesblog.com/365-naperville/365naperville-170-naperville-chamber-of-commerce-events/feed/ 0 http://www.mynapervillehomesblog.com/365-naperville/365naperville-169-sled-hills-hockey-and-more/ http://www.mynapervillehomesblog.com/365-naperville/365naperville-169-sled-hills-hockey-and-more/#comments Thu, 26 Jan 2012 19:33:33 +0000 Homes in Naperville http://www.mynapervillehomesblog.com/?p=6435 Sled Hills, Hockey and more

The Naperville Park District operates and manages several sled hills, a snowboard hill, hockey and ice skating rinks. For obvious reasons, these outdoor locations are weather dependent and may not be open at all times. The following information is reprinted from the Park District website and relates to their rules and regulations for use of the hills.

“Riverwalk Sled Hill at Rotary Hill

This location provides sledding fun for the entire family! Sledders need to bring their own inner tubes or plastic sleds. Wooden sleds and metal-runner sleds are not permitted. Please note that sledders assume full risk and responsibility for determining that all conditions are safe for sledding. Parent/adults are responsible for supervising their children 8 years of age and younger.

Rotary Hill closes at 9:00 p.m. except on Fridays and Saturdays when it remains open until 10:00 p.m. The sled hill is open from Dec. 1-Feb. 1, weather-permitting.

Sledding Rules & Regulations
Sled hills will open when the soil is frozen and there are two or more inches of snow with no visible grass.

When sledding, remember:
- Keep your sled under control
- Avoid sledders and objects
- Move quickly out of the path of other sledders
- Climb uphill along the side of the slope
- Children ages 8 and younger must be supervised by an adult
- Only inner tubes and plastic sleds are allowed. Toboggans and sleds with metal runners are not permitted
- No more than 2 people are permitted on a sled at one time
- Violation of posted rules will result in suspension from the sled hill and/or a fine

Ice Rink and Sledding Conditions
For current information regarding conditions at these locations, please visit our home page at www.napervilleparks.org or call 630-848-5000.”

Locations for sledding are listed as:

• Arrowhead Park
• Brooks Crossings
• Country Lakes Park
• Gartner Park
• May Watts Park
• Old Plank Park
• Riverwalk Sled Hill at Rotary Hill (near the Millennium Carillon)

And the overall numbers look like this:

An interesting anomaly – Foreclosed units listed and sold for a higher average price than Short Sales. Overall, approximately 30% of the market in 2011 was distressed sales: 19% Foreclosed, 10% Short Sales and almost 71% Normal sales.

Do you want information on your development or additional statistics on one of these? Drop us an email or give a quick call and tell us what you data you need. Chances are we can provide it quickly.

The most active areas for Luxury Homes were: Central Naperville (Ogden/Columbia/Prairie/River), Oak Hills/East Highlands, & Washington Woods.

Shown below are a few more interesting numbers for the top quartile of home sales in Naperville over the last 2 years. Median Price looks like it bottomed in August/September 11, but still roughly  16% below where it was in January 2010.

For more information on this market segment or details on any aspect of our local market, please, give us a call or drop us an email. Thanks for stopping by.

Luxury Homes For Sale In Naperville IL

Showing properties 1 - 15 of 118. See more city of Naperville real estate.
(all data current as of 2/6/2012)

1. $4,600,000 : MLS # 07918649 in NAPERVILLE
   
   5 beds, 7 full, 2 part baths

   Home size: 8,271 sq ft

   Lot size: 9 sq ft
   
2. $4,375,000 : 1164 Shamrock Court, Naperville
   
   7 beds, 7 full, 3 part baths

   Home size: 8,176 sq ft

   Lot size: 8.18 ac
   
3. $3,690,000 : 8S330 College Road, Naperville
   
   5 beds, 5 full, 3 part baths

   Home size: 12,000 sq ft

   Lot size: 5.51 ac
   
4. $2,990,000 : 920 Hobson Road, NAPERVILLE
   
   8 beds, 5 full, 3 part baths

   Home size: 10,800 sq ft

   Lot size: 1.64 ac
   
5. $2,550,000 : 8S125 Brenwood Drive, NAPERVILLE
   
   5 beds, 5 full, 1 part baths

   Home size: 7,000 sq ft

   Lot size: 2.62 ac
   
6. $2,299,000 : 7S441 Donwood Drive, NAPERVILLE
   
   5 beds, 6 full, 1 part baths

   Home size: 7,290 sq ft

   Lot size: 2.14 ac
   
7. $2,250,000 : 305 S Wright Street, NAPERVILLE
   
   4 beds, 5 full baths

   Home size: 5,500 sq ft

   Lot size: 16,520 sq ft
   
8. $2,100,000 : 215 Claremont Drive, NAPERVILLE
   
   4 beds, 3 full, 2 part baths

   Home size: 5,556 sq ft

   Lot size: 11,455 sq ft
   
9. $2,000,000 : 5S527 Radcliff Road, NAPERVILLE
   
   6 beds, 6 full, 1 part baths

   Home size: 8,000 sq ft

   Lot size: 1.03 ac
   
10. $2,000,000 : 4115 Teak Circle, NAPERVILLE
    
    5 beds, 5 full, 2 part baths

    Home size: 6,825 sq ft

    Lot size: 9,316 sq ft
    
11. $1,999,900 : 409 E Chicago Avenue, NAPERVILLE
    
    5 beds, 5 full, 1 part baths

    Home size: 5,303 sq ft

    Lot size: 15,902 sq ft
    
12. $1,885,000 : 625 Bowling Green Court, NAPERVILLE
    
    5 beds, 5 full, 2 part baths

    Home size: 6,680 sq ft

    Lot size: 5,980 sq ft
    
13. $1,850,000 : 8s240 Palomino Drive, NAPERVILLE
    
    5 beds, 4 full, 2 part baths

    Home size: 6,256 sq ft

    Lot size: 3.51 ac
    
14. $1,699,000 : 321 Redbud Drive, NAPERVILLE
    
    6 beds, 6 full, 1 part baths

    Home size: 6,860 sq ft

    Lot size: 10,360 sq ft
    
15. $1,625,000 : 103 Settlers Drive, NAPERVILLE
    
    5 beds, 4 full, 2 part baths

    Home size: 7,144 sq ft

    Lot size: 21,187 sq ft
    

Listing information deemed reliable but not guaranteed. Read full disclaimer.

2010 List                        2009 List               Subdivision Map

Do you want information on your subdivision or additional statistics on one of these? Drop us an email or give a quick call and tell us what you data you need. Chances are we can provide it quickly.

The luxury home market in Naperville certainly changes from year to year and 2011 was no different. The top end certainly felt pressure from the market to lower prices. Shown below are the Top 5 of the Top 10 Sales in 2011*.  Part 1 (sales 6-10) is here. Look for a post later in the week on year over year changes.

903 Edgewater, River Haven Estates

Located with a view of the DuPage River, this approximately 6000 sq ft home was listed by Mark Lee of Baird & Warner Real Estate. The buyer was represented by Edie Glenn of Coldwell Banker Residential. The home featured 5 bedrooms, 6.1 baths, 3 fireplaces, full finished basement and 3 car garage.

The home closed in August of 2011 for a price of $1,465,000.

1033 Page, Naperville Station

On the east bank of the DuPage River in central Naperville, this over 8,000 square ft home was listed by Dave Swanson of John Greene, Realtor. The buyer was represented by Eva Hobbs of RE/Max of Naperville. The home has 6 bedrooms, 7.1 baths, 7 fireplaces, 4 car garage and full, finished walk out basement and located on almost 1/2 acre.

The sale of this foreclosed home occurred in October 2011 at a price of $1,949,276.

8S212 Murray, Brenwood Estates

In a semi-rural setting of of Hobson Road in eastern Naperville, this 6 bedroom, 6.2 bath home also features 5 fireplaces, 6 garage spaces, and full finished walkout basement and sits on 2 acres of land. The listing was offered by Dave Swanson of John Greene, Realtor and the buyer was represented by Yvonne Seffer of Coldwell Banker Residential.

The reported sale price was $2,450,000 and closed in September 2011.

24W050 Donwood, Hobson Road Area

The Hobson Road area in eastern Naperville is home to another of Naperville’s 2011 top sellers. This 5+ acre estate features a 10,000+ square foot home with 6 bedrooms, 5.1 baths, 6 fireplaces, 3 car garage, full finished basement, koi pond, in ground pool, marble patios and more. Kathy Taft Holtz of John Greene Realtor was agent for both buyer and seller of this distinctive property.

The transaction closed in November of 2011 at a reported price of $2,900,000.

Naperville’s Top Sale in 2011 - 23W651 Hobson, Hobson Road Area

Beth Burtt of Brush Hill Realtors was the listing agent for Naperville’s top selling home in 2011. AS described in the MLS data: “Gorgeous estate designed by renowned architect Dan Sater on breathtaking 2.5 acre wooded parcel. No pictures can capture how gorgeous this is! 2S entry, dramatic LR with panoramic views of resort-like pool, spa, patio, outdoor kitchen, heated flrs, 1st fl MBR with stone fireplace & luxury bath. All bedrooms are private suites. Beautiful kitchen opens to fam room, incredible lower level, bar, theater, wine cellar.” The buyer was represented by Cindy Purdom of RE/Max Suburban.

The property closed in May of 2011 at $3,089,242.

*NOTE: Sales data as reported in the Multiple Listing Service of Northern Illinois. Please note, this is a report on Luxury Home Sales in Naperville. The author is not claiming to have any involvement in these sales. The Listing and Selling brokerages and agents are identified in the synopsis for each property.

]]> http://www.mynapervillehomesblog.com/featured/napervilles-top-luxury-home-sales-in-2011-part-2/feed/ 0 http://www.mynapervillehomesblog.com/featured/napervilles-top-luxury-home-sales-in-2011-part-1/ http://www.mynapervillehomesblog.com/featured/napervilles-top-luxury-home-sales-in-2011-part-1/#comments Wed, 11 Jan 2012 19:18:43 +0000 Homes in Naperville http://www.mynapervillehomesblog.com/?p=6397 Most Expensive Homes in Naperville in 2011

The luxury home market in Naperville certainly changes from year to year and 2011 was no different. The top end certainly felt pressure from the market to lower prices. Shown below are the 5 of the Top 10 Sales in 2011*. Watch for Part 2 on Thursday. Look for a post later in the week on year over year changes.

2315 Hazel Ct, in Bonnema Woods

This 8,000 square ft home on the southeast side of Naperville was listed by Patricia Spano of Right Pro Realty, LLC and was sold by Peter Cangialosi of Right Pro Realty, LLC. It featured 6 bedrooms, 6.1 baths, 4 fireplaces, a full finished walk-out basement and 4 garage spaces.

The home sold as a foreclosure for a reported $1,240,000 and closed in August of 2011.

1129 Summit Hills Dr, Cress Creek

At 7,480 square ft, the golf course community home in North Naperville was listed by Linda Feinstein & Jorie Pierce of ERA Team Feinstein, LLC. I ws sold by Donna Arrigo of Prudential Rubloff. The home features 5 bedrooms, 6.1 baths, 4 fireplaces, 3 garage spaces and a full finished basement

The home sold for a reported $1,252,500 and closed in November 2011.

112 Baker Ct, Washington Woods

This 9,300+ sq ft home in south Naperville was listed by Teresa Ryan & Nathan Stillwell, Ryan Hill Realty, LLC and sold by Sharon Butler of Charles Rutenberg Realty of Illinois. It featured 5 bedrooms, 8.1 baths, 3 fireplaces, full finished basement and a 3 car garage.

This foreclosed home sold for a reported $1,269,000 and closed in May of 2011.

1116 Heatherton Dr, Cress Creek

Another golf course community home on the north side of Naperville, this 6,200 sq ft home was listed by Kim Scott of RE/Max Professionals Select and sold by Ken Mehon of RE/Max of Naperville. Five bedrooms, 6.1 baths, 4 fireplaces, full finished basement and 3 car garage within a reported 6,200 sq ft.

This home was reported sold for $1,350,000 and closed in August 2011.

234 Douglas, Naperville Station

Located in central Naperville, this 5183 sq ft home was listed by Jan Hlavacek of Coldwell Bnker Residential and sold by Catherine Allen of Coldwell Banker Residential. The home has 4 bedrooms, 6.1 baths, 3 fireplaces, full finished, walkout basement and a 3 car garage.

This home closed April, 2011 at a reported price of $1,400,000.

*Sales data as reported in the Multiple Listing Service of Northern Illinois. Please note, this is a report on Luxury Home Sales in Naperville. The author is not claiming to have any involvement in these sales. The Listing and Selling brokerages and agents are identified in the synopsis for each property.

Mark your calendars for January 24, 2011 at 7:00 pm when local Naperville artist and Civil War enthusiast, Jim Weren presents “The Civil War in General”. During this free event, Weren uses his pencil illustrations and anecdotes  he highlights the strengths and weaknesses of Civil War generals, including Ulysses S. Grant, William Tecumseh Sherman, Robert E. Lee, Stonewall Jackson, Joshua L. Chamberlain, James Longstreet, George Pickett and others.

According to Weren, “Civil War battles produced more unforgettable generals than any other in the nation’s history. They led by example and personality. Whether they proved to be successful or failed, their stories have become a vital part of our heritage.” It promises to be an interesting evening.

I suppose the analogy of how you look at a 1/2 glass of water is appropriate when one looks at the Attached Home (Condos & Townhomes) in Naperville in 2011: Is your glass half full or half empty? Here is our review of the numbers and perspective how we interpret them.

Months Supply of Inventory – (the measure of how long it would take the market to absorb all properties on the market at the current sales rate). This metric has shown steady improvement this year. January it was at 18.9 months – November saw it down to 11.9 months,  a 36% decrease. The trend is  similar for both bank owned and non-bank owned properties. Bank owned are at 7.1 months and non-bank 14.6. In a balanced market, favoring neither buyer or seller, we look for around 6 months inventory.

Sold Properties – Closely tied to MSI above, is Sold Properties. While the number of non-bank owned properties sold each month has increased by 75% from the start of the year, bank owned numbers have remained relatively flat at around 5/month.

Median Sold Price – Bank owned properties have seen a rise in median sale price over the  past 11 months: From $115k to almost $144k. This is positive considering the volume of properties available. On the other hand, non-bank owned have dropped about 10% in median sale price – $182.5k to $163.5k. Overall, median price has risen 6.2% to $154,000.

Median List Price- This measurement has remained flat for both bank owned and non-bank owned units. Median List for bank owned has remained at around $120k while non-bank owned has increased 3% to $175,000. As you can see, comparing to the numbers in theparagraph above, expectations of sale price and realities of sold price are quite different.

The above statistics are for attached properties in Naperville. The numbers and trends can and do vary for different areas in the same town (zip code). The same information is also available for Lisle, Aurora,Plainfield and Oswego.  Give us a call at 630-718-2305 or drop us an email with your request. Additionally, you may have reports emailed directly to you for the zip code area you want to explore.