Downers Grove, IL Real Estate News

By Ruben Colon
(McCormick Partners Realty)
February 21, 2008By Eva McKendrick, Downers Grove Sun Downers Grove residents have several transportation options open to them - the Metra trains, taxis and the Grove Commuter Shuttle. Now the Village Council is in the early stages of discussing a new bus service, and in the meantime, the shuttle is expected to receive some much-needed maintenance. Replacement buses have been ordered for the Grove Commuter Shuttle. Meanwhile, the village is exploring the idea of a new circulator bus system. Courtesy of the Village of Downers Grove.Transportation systems have never been known as lucrative investments, and the shuttle - with an average daily ridership of 143 in 2005 - is no exception, village officials say. The Downers Grove Transportation Fund is expected to be $1.8 million in the red at...
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By Joe Kelly
(RE/MAX Professionals Select)
Downers Grove Homes Nineteen miles west of Chicago, there are over 50,000 residents that call Downers Grove home. Within its 14.2 square mile boundary, Downers Grove has nearly reached build-out, and has one of the highest tear-down rates in the Chicago area. Downers Grove real estate is constantly revitalizing, while continuing to maintain its historic roots by preserving some downtown area homes that are well over 100 years old. Downers Grove Homes range in price from approximately $250,000 to more than $1.5m. Condominiums and townhouses start at around $100,000 and range to over $500,000. The median home value is approximately $205,900. Downers Grove real estate also offers commercial opportunities as well. Corporate headquarters such as FTD, Travelers Insurance, Service Master, Spie...
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By Joe Kelly
(RE/MAX Professionals Select)
Downers Grove Real Estate is located just 19 miles west of Chicago in DuPage county. Downers Grove Homes offer suburban living with the amenities of a big city. Home prices range from affordable single family homes on up to luxury executive villas, golf/waterfront homes. Downers Grove IL Real Estate offers condominiums and townhomes also. Downers Grove is a popular Chicago area community offering highly rated schools coupled with excellent amenities such as golf courses, swimming and tennis facilities, and many nearby shopping conveniences. Downers Grove offers easy accessibility to all major attractions, museums and shopping opportunities throughout the Chicagoland area. Best of all, Downers Grove offers safe and affordable accommodations within easy access of major expressways.
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The table below lists all of the currently active single family detached and single family attached homes in the Downers Grove, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.   Active Listings List Price Range # Listings Avg. Days on Mkt Less than $149,999 51 181 $150,000 - $199,999 43 184 $200,000 - $249,999 41 196 $250,000 - $299,999 46 187 $300,000 - $349,999 58 198 $350,000 - $399,999 64 190 $400,000 - $449,999 42 308 $450,000 - $499,999 29 381 $500,000 - $549,999 18 214 $550,000 - $599,999 24 187 $600,000 - $699,999 40 258 $700...
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By Joe Kenny, Better Than Your Average Joe
(Realty Executive Midwest)
When I became a Realtor some six and a half years a go the housing market in Downers Grove, like most places, was fast past and exciting. A home would go on the market at 9:00am and by lunch time (if the home was priced right) would have ten showings and be under contract by dinner. Well thanks to the people who received mortgages who weren't able to finance a Schwinn, and the over sensationalism of our media ( always remember, bad news sells newspapers) we are in a market that is going to need a lot more patience from you and I to sell a home.This morning I pulled up the inventory in Downers Grove for single family homes and was amazed at all of the great homes that were available. There were 524 homes for sale with 39 homes being under contract. That seems terrible but the silver lini...
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By Ruben Colon
(McCormick Partners Realty)
AS A FIRST-TIME BUYER, SHOULD I WAIT UNTIL PRICES GO LOWER TO BUY A HOME?No. If you continue to wait, you may never be able to afford to get into the housing market. Even as home prices are currently moderating - or even falling in some areas - rents continue to climb. The best way to build household wealth is to own a home. Once you become a home owner, you are able to take advantage of the generous tax deductions that homeownership offers, and you begin to build equity in your property. As your property builds in equity, you can use those gains to sell your starter home and afford to move into a bigger house. With so many homes on the market to choose from, your best strategy may be to scale back expectations for your dream starter-home. Instead of trying to buy a 2,000 square foot ho...
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By Andy Horn
(Coldwell Banker Residential Brokerage)
New Homes For Sale on the Market in Downers GroveThere are currently 28 New Listings on the market in Downers Grove, IL.  26 - Two - Four Bedroom, on the market ranging in price from $327,000 to $582,287 and 2 -  5 or More Bedrooms on the market ranging in price from the $700s plus. The average market time for all these 28 new homes on the market is 23 Days.   Detached SingleBedrooms# ActiveAvg. LPAvg. MTAll28$518,782232 or Less2$327,000439$409,7563415$582,287415 or More2$724,9003Attached SingleBedrooms# ActiveAvg. LPAvg. MTAll5$281,96042 or Less3$246,333332$335,4006LandBedrooms# ActiveAvg. LPAvg. MTNone2$437,0005
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