Naperville Luxury Market – 2011
It was an up and down year for Luxury Homes ( $1,000,000+) in Naperville in 2011. While the number of properties that closed was down significantly, The average final list price and average sale price both were up considerably over 2010. And, negotiations during the year appeared tougher, too as homes were bought, on average, for 90% of final list price.
| Year | Transaction | Final List | Sale | % to List |
| 2010 | 32 | $1,323,319 | $1,236,667 | 93% |
| 2011 | 20 | $1,638,833 | $1,470,376 | 90% |
| Change | -12 | 123.8% | 118.9% |
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)
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$4,600,000 : MLS # 07918649 in NAPERVILLE5 beds, 7 full, 2 part baths
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$4,375,000 : 1164 Shamrock Court, Naperville7 beds, 7 full, 3 part baths
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$3,690,000 : 8S330 College Road, Naperville5 beds, 5 full, 3 part baths
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$2,990,000 : 920 Hobson Road, NAPERVILLE8 beds, 5 full, 3 part baths
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$2,550,000 : 8S125 Brenwood Drive, NAPERVILLE5 beds, 5 full, 1 part baths
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$2,299,000 : 7S441 Donwood Drive, NAPERVILLE5 beds, 6 full, 1 part baths
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$2,250,000 : 305 S Wright Street, NAPERVILLE4 beds, 5 full baths
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$2,100,000 : 215 Claremont Drive, NAPERVILLE4 beds, 3 full, 2 part baths
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$2,000,000 : 5S527 Radcliff Road, NAPERVILLE6 beds, 6 full, 1 part baths
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$2,000,000 : 4115 Teak Circle, NAPERVILLE5 beds, 5 full, 2 part baths
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$1,999,900 : 409 E Chicago Avenue, NAPERVILLE5 beds, 5 full, 1 part baths
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$1,885,000 : 625 Bowling Green Court, NAPERVILLE5 beds, 5 full, 2 part baths
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$1,850,000 : 8s240 Palomino Drive, NAPERVILLE5 beds, 4 full, 2 part baths
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$1,699,000 : 321 Redbud Drive, NAPERVILLE6 beds, 6 full, 1 part baths
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$1,625,000 : 103 Settlers Drive, NAPERVILLE5 beds, 4 full, 2 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Naperville’s Top Luxury Home Sales in 2011 – Part 2
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 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.
Naperville’s Top Luxury Home Sales in 2011 – Part 1
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.
Naperville Home Sales Report – November 2011
Single Family Home Sales Report November 2011
We have some interesting numbers for Naperville home sales activity this month (non-bank owned). On a statewide level unit sales were up sharply from the same period in 2010, while median price was down. Locally, Homes Sold (closed during the month) were identical to November 2010. Homes Under Contract dropped 13.3% and Homes For Sale declined 16.6%. The trends in fewer units sold and for sale is not unusual for this time of year. The Absorption Rate continues to hover around 11 months, still indicative of slower market.
Median Price for homes Under Contract is up 10.6% – the first solid move in this measure in the last 5 months and a plus for sellers. The Median Price gap between Under Contract and For Sale has improved slightly since last month. This continues to reflect the difference in buyer expectations and seller expectations. The good news is that the gap is being bridged and properties are selling.
| Non – Bank Owned | November 10 | November 11 | Change |
|---|---|---|---|
| Sold | 62 | 62 | 0.0% |
| Under Contract | 60 | 52 | -13.3% |
| For Sale | 863 | 720 | -16.6% |
| Months Supply – Sold | 11.6 | 10.8 | -6.8% |
| Median Pricing | |||
| Sold | $380,000 | $355,000 | -6.6% |
| Under Contract | $379,650 | $419,900 | 10.6% |
| For Sale | $449,800 | $479,900 | 6.7% |
*Source of above – MRED – Midwest Real Estate Data through November 2011.
On a 90 day basis the numbers for all Naperville Single Family homes look like this.
| 90-day stats for Single Family properties in NAPERVILLE, IL as of February 3, 2012 | |||
|---|---|---|---|
| Median List Price: | $439,909 | Average List Price: | $545,567 |
| Total Inventory: | 667 | Price per Square Foot: | $159 |
| Average Home Size: | 3,085 | Median Lot Size: | 11,226 |
| Average # Beds: | 3.97 | Average # Baths: | 3.19 |
| Homes Absorbed: | 38 | Newly Listed: | 20 |
| Days on Market: | 246 | Average Age: | 24 |
The above statistics are for single family homes in Naperville, non-bank owned. The same information is available for Lisle, Aurora,Plainfield and Oswego and for bank owned. 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.
Housing Market Reports for Naperville, Lisle, Plainfield, Aurora, & Oswego
Free Housing Reports for Naperville, Lisle, Plainfield, Aurora, & Oswego
The housing market and its impact on the economy continues to make news. If you have followed this site over the last several years, you know that we track the statistics on a regular basis. We have available, by FREE subscription, weekly reports, by zipcode for attached (ATT) homes and single family (SF) homes for the communities of Naperville, Lisle, Plainfield, Aurora, & Oswego. You may want to examine a sample of what we offer before signing up. To that end the links below will allow you to download a complete report for each community for the week ended September 25, 2011.
Why are these reports different and why do we think they offer you value?
- Impartial – The data is extracted from multiple resources and records databases.
- Comprehensive – It is not just MLS data – it includes additional recorded transactions.
- Timely – Reports are updated on a weekly basis. Many reporting systems are monthly or the data is several months old by the time it is published.
- Segmented – The data is broken down by zip code and quartile to help dial in to your particular market segment.
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Do these reports give the complete picture? Absolutely not. They give you a starting point to understand the market trends at certain levels. If you want the complete picture, contact us and we can sit down and discuss your specifics and get even more localized.
365 Things to do In Naperville-# 144 Naperville Jazz Festival
Jazz Fest in Central Park
The Naperville Jazz Festival happens tonight, Saturday, June 18, 2011 at the Community Concert Center at Central Park in downtown Naperville. Sponsored by Calamos Investments, the gates will open at 4:00 p.m. and there will be live jazz from 4 to 10 p.m. No pets, other than service animals, are allowed in the park during the event.
Scheduled to perform are the following:
- 4pm Lisle High School Jazz Combo
- 5pm Shawn Maxwell Quarter
- 6pm Agnieszka Iwanska
- 7pm Reginald T. McCants Quartet
- 8:30pm Sypro Gyra
Rick O’Dell, Program Director and Midday Personality at WLFM – 87.7FM Chicago’s exclusive Smooth Jazz station, will emcee the event.
Presale tickets are priced at $25. At the day of the event, ticket prices are $30.
Proceeds from the Naperville Jazz Festival go to benefit Project H.E.L.P.
Naperville Home Sales Activity Report April 2011
Naperville Foreclosure Report – April 2011
The available pool of foreclosed homes in Naperville continues to shrink. Many industry observers are predicting a significant increase in the number of properties available in the coming months. For now, we continue to look at what is now available and what is moving.
In comparison to April 2010, activity is up. Properties Sold are up 64.3%, from 14 to 23. Properties Under Contract jumped from 17 to 24, an increase of 41.2%. An interesting comparison is that while Sold totals rose for the 3rd consecutive month, Under Contract dropped to a 3 month low. And properties For Sale? They dropped from 146 to 102, down 30.1%.
Here is a quick look at the numbers:
| MEASURE | APR 2010 | APR 2011 | CHANGE |
| SOLD | 14 | 23 | 64.3% |
| UNDER CONTRACT | 17 | 24 | 41.2% |
| FOR SALE | 146 | 102 | -30.1% |
| MONTHS SUPPLY | 4.71 | 2.17 | -53.9% |
Again this month the MSI (Months Supply of Inventory) dropped. A balanced market, favoring neither buyers or sellers is 6 months. At 2.1 months, demand clearly is swinging towards sellers (banks). If you are an investor or buyer looking for a foreclosed home in Naperville, be prepared to act quickly. These properties are not staying on the market long.
If you want more detailed information or would like to discuss opportunities, please give me a call @ 630.542.7732. Want to see what is available in the foreclosure market? Sign up for our Foreclosure Report.
Next Up – Naperville Single Family Homes – Non Bank Owned
Number 130 – 365 Naperville – Rosebud Reopens
Rosebud is Back in Downtown Naperville
Rosebud Restaurants has reopened in Naperville as Rosebud Italian Specialties and Pizzeria at its new location on the corner of Washington and Chicago Ave at 22 E Chicago Ave.
According to their website, “This new concept provides an innovative perspective on traditional Italian cuisine with a chef driven, weekly changing menu, focusing on regional dishes and fresh ingredients. Not to worry, Rosebud classics including Chicken Vesuvio, Eggplant Parmesan and Square Noodles are staples on the menu. Another fresh addition is Our Award Winning Pizzas, a novelty in the Naperville market…..The goal is to present two distinct dining options, a more casual, family friendly pizzeria that will stay open longer hours, eventually offering carry-out and delivery as well as a white tablecloth dining room where pizzas are served in addition to the weekly menu.
Info: 22 East Chicago Avenue, Naperville, IL 60540
Tel: 630-548-9800, Fax: 630-548-9898
Hours: 11am – 11pm 7 days a week
Stop by for a drink and bite to eat. I’m looking forward to sampling the new menu.
Number 121 – 365 Things to Do in Naperville – Bubble Bash 2010 at DuPage Children's Museum
Bubble Bash 2010 at DuPage Children’s Museum
Looking for a family friendly way to ring in the New Year? Check out the DuPage Children’s Museum’s Bubble Bash 2010. The event is this Friday, December 31, 2010 starting at 9:00 am and counting down to 12:00 noon. There will be musical performances, art activities, refreshments, pictures and more. It is rumored Mayor Pradel will lead the countdown. Oh, and there will be lots of bubbles! And more bubbles! Reservations are required and can be made online.
The DuPage Children’s Museum is located at 301 N. Washington Street, Naperville, IL 60540. They can be reached at 630-637-8000.
Number 119 – 365 Things to Do in Naperville – Holiday Events
Holiday Events In Naperville area for your enjoyment
There is lots going on in the Naperville area as we get deeper into the Holiday Season. Here are a few items you may want to experience.
- The shops at Main Street Promenade are offering free horse drawn carriage rides for shoppers on Sunday afternoon from 2:00 – 5:00 pm. The carriages seat up to 14 people and are on a first come, first served basis.
- The music of Mannheim Steamroller is presented this Sunday, December 19, 2010 at 3:oo and 7:00 pm at the Paramount Arts Center at 23 E Galena Blvd, Aurora, IL. For ticket information and further details, visit www.paramountarts.com.
- Breakfast with Santa, Saturday, December 18, 2010 at Hotel Arista, 2139 CityGate Lane, Naperville. Seatings are at 8:30 am and 11:30 am. Reservations are required and may be made by calling 630.579.4100.
