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Downers Grove, IL Real Estate News

By Joe Kenny, Better Than Your Average Joe
(Realty Executive Midwest)
Now I know what some of you might be thinking, but let me explain.  Ray is not the local drug dealer, Ray is the owner of Lang's Auto in downtown Downers Grove, which is only a block from the Metra Train Station. The service is great and his staff is always friendly. This is the type of business a future home owner needs to know about when buying a home in a new town.  How much value is in not having to worry about how you will get a long without a car while it's in the shop?  A person can drop their car off on their way to work, jump on the train and in most cases have the car ready by the time you come home, which gives a new meaning to the villages motto "Come Home Downers Grove".   When you see Ray tell him Go White Sox, and he will know I sent you to see him.
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
Which houses are selling in Downers Grove? As of today, December 13, 2010, 364 Single Family Homes have closed in Downers Grove in the last 12 months with prices ranging from $54,400-$1,750,000. Of those 364 sales, 37 or 10.1% were foreclosed homes. The prices of the foreclosed homes were from $54,400 to $640,000. Of the 364 sales, 23 or 6.3% were short sales. The prices of the short sale homes were $155,000-$660,000. A short sale happens when a homeowner needs to sell at a price less than the amount of loan on the property and they must negotiate with their lender to take less than what is owed. I am a Certified Distressed Property Expert (CDPE.) I am experienced with Foreclosures and Short Sales. Let me help you with your next transaction.
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
Another great reason to live in Downers Grove... Our local hospital, Advocate Good Samaritan Hospital is one of seven organizations in the country and the only one in health care to receive the prestigious Malcolm Baldrige National Quality Award for 2010. This distinguished award symbolizes the country's highest presidential honor for quality and organizational performance excellence.   http://www.advocatehealth.com/gsam/body.cfm?id=374
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
Seven schools in district 58 were honored with Academic Excellence awards from the State of Illinois. These awards are given to schools in which at least 90 percent of students met or exceeded state standards in reading and math for 3 consecutive years, as measured by the Illinois Standards Achievement Test. Across the state only 438 schools earned Academic Excellence Awards for 2009. Receiving the designation in district 58 were: Belle Aire, Highland, Hillcrest, Lester, Pierce Downer, Whittier and Herrick Middle School. Academic Excellence is one category of award in the Illinois Honor Roll program. More information is available at www.ilhonorroll.niu.edu
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
As of today, September 23, 2010, 373 Single Family Homes have closed in Downers Grove in the last 12 months with prices from $54,400-$1,170,000. Of those 373 sales, 41 or 10.9% were foreclosed homes. The prices of the foreclosed homes were from $54,400 to $740,000. Of the 373 sales, 24 or 6.4% were short sales. The prices of the short sale homes were $155,000-$1,025,000. A short sale happens when a homeowner needs to sell at a price less than the amount of loan on the property and they must negotiate with their lender to take less than what is owed. I am a Certified Distressed Property Expert (CDPE.) Let me help you with your next transaction.    
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
 Market Statistics for Downers Grove Single Family Homes as of September 22, 2010. 408 Active Listings Average List Price: $478,683 53 Homes Under Contract 7 Homes Pending 330 Sales in the Last 12 Months Average Sales Price: $370,267 Months Supply of Inventory 15.91 Average Market Time is 190 Days Average List to Sale Price Ratio is: 94.74% Data Source: MRED LLC Multiple Listing Service
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
In the table below lists all of the single family detached and single family attached homes currently on the market in Downers Grove, IL  The data lists available homes by price range with average time on market in each range. Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria. Under Contract List Price Range # Listings Avg. Days on Mkt Less than $149,999 16 227 $150,000 - $199,999 7 106 $200,000 - $249,999 10 198 $250,000 - $299,999 10 323 $300,000 - $349,999 7 180 $350,000 - $399,999 9 271 $400,000 - $449,999 1 206 $450,000 - $499,999 5 379 $500,000 - $549,999 1 242 $550,000 - $599,999 7 335 $600,000 - $699,999 2 323 $700,000 - $799,999 1 126 $800,000 - ...
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
  Washington Park, Downers Grove, Illinois. Located at Prairie Ave. and Washington Street. After being under contruction for two years, a soft opening of Washington Park took place on Friday, September 3rd at 2pm with the opening of the playground, fountain, plaza, pavilion and north area improvements. The formal Grand Re-opening event is scheduled for September 19th from 1 - 3pm. The Downers Grove Park District and Village of Downers Grove invite you to take a tour, enjoy refreshments, and watch the ribbon cutting ceremony. Bring the whole family to see the newly updated park and amenities.
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
For residents living in incorporated Downers Grove the village is sponsoring Amnesty Day for garbage pick up the Week of September 27, 2010. This excludes residents of multifamily dwellings and comercial properties. http://www.downers.us/page/view/239 The first 3 bags or cans must be tagged with a refuse sticker. The remaining items will be taken for free. They are not accepting appliances, tires, used motor oil or hazardous waste. In anticiaption of Amnesty Day, Downers Grove is holding a recycling event on September 11, 2010 from 8:00 am until 2:00 pm. http://www.downers.us/page/view/239 The event will be held at the Belmont Train Station in parking lot H. Items accepted are electronics, automotive size batteries, dressers, cribs, cell phones, ink cartridges and eye glasses. See the a...
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
FAIRVIEW AVE. RAILROAD CROSSING CLOSUREThe BNSF Railroad wll close the Fairview Ave. grade crossing for 10 days, beginning Friday, August 27, 2010, after the evening rush hour.  The closure is necessary to facilitate improvements.  Please follow all posted detours.
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
Are you considering a move to the Western Suburbs of Chicago? If so, Downers Grove just may be the town you are looking for. Centrally located in Du Page County, Downers Grove is convenient to the Tri-State Tollway I 294 to the East, I 355 to the West, the Eisenhower Expressway I 88 to the North and the Stevenson Expressway I 55 to the South. Metra Train Service is available from 3 different stops on the Burlington (Aurora to Chicago) train line with express trains reaching Union Station in Chicago in just 25 minutes. http://metrarail.com/content/metra/en/home/maps_schedules/metra_system_map/bnsf/schedule.html?schedule-start=MAINST-DG&schedule-end=CUS&schedule-day=bnsf_weekday&schedule-time=17%3A00&schedule-submit.x=103&schedule-submit.y=17#focus   The newly completed parking garage in ...
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By Mary Braatz, Downers Grove, IL. Real Estate
(Remax Enterprises)
Downers Grove is the Sears Catalog Home Capitol of the World! From 1908 to 1937 one could order a kit to build an entire house from the Sears Catalog. Downers Grove became a primary spot to build these homes as the components were delivered by rail and Downers Grove has 3 train stops. Most of the 300 Sears Homes assembled in Downers Grove are within four blocks of the Downers Grove Main Street Station. Approximately 100 Sears Catalog Homes still Exist in Downers Grove today and you can take part in the Sears Home Trolley Tour on September 18, 2010 at 9:00 AM. Cost is $12.00 for residents and $18.00 for non residents. Local Downers Grove resident and Sears Home expert, Bob Jensen will be giving the tour. To register, see: www.dgparks.org  
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
4000 Douglas Rd. in Downers Grove 4000 Douglas Rd., Downers Grove, 60515 View Map Step back in time with this vintage charmer! Great 3 bedroom 1.5 bath home in a neighborhood with million $ homes! Beautiful corner lot with 2 car detached garage. Lots of character and tons of charm! Give this one a face-lift, or build your dream home on this large lot. All appliances are included. This is an estate sale and the home is being sold as-is. Details Asking Price: $289,900 MLS: 07522185 Bedrooms: 3 Bathrooms: 1.5 # of Floors: 2 Garage Size: 2 Year Built: 1971 Contact InfoJulie Ferenzi Realtor Main 708-452-0021 Cell 630-673-6233 Dir 630-673-6233 Email | Website All information is deemed reliable but is not guaranteed.
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By Mark Sotir
(Realty Executives Midwest)
(New!) Fielding a Lowball Purchase Offer on Your Home Consider before you ignore or outright refuse a very low purchase offer for your home. A counteroffer and negotiation could turn that low purchase offer into a sale. Read Keep Your Home Sale from Falling Apart After finding a buyer, all you have to do to make it to closing is to avoid these five traps. Read 6 Reasons to Reduce Your Home Price While you’d like to get the best price for your home, consider our six reasons to reduce your home price. Read 6 Tips for Choosing the Best Offer for Your Home Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers. Read 7 Tips for a Profitable Home Closing Be sure you’re walking away with all the money you’re entitled to from the sale of your home. Read V...
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By Mark Sotir
(Realty Executives Midwest)
Housing market activity for the last 30 days in Downers Grove,IL.There are 418 homes that are for sale, 5 homes has gone under contact, and there were 60 homes that has closed.
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By Laura Karambelas, Realtor - Downers Grove
(Baird & Warner Downers Grove)
Downers Grove, Illinois Market Report for 2009 1/1/2009 thru 12/31/2009 Detached Single Family Homes In 2009 there were 346 single family homes that were sold in Downers Grove,Illinois. Average Old List Price    $432,136 Average List Price            $406,030 Average Sales Price         $377,877 Average Market Time    200 Days Ratio List to Sales Price  93%    Attached Homes In 2009 there were 164 Attached Units Sold (condos & town homes) Average Old List Price    $188,997 Average List Price            $178,672 Average Sales Price         $167,696 Average Market Time    193 Days Ratio List to Sales Price  94%     **Please note this information was taken from MRED, LLC on 1/4/2010**
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By Laura Karambelas, Realtor - Downers Grove
(Baird & Warner Downers Grove)
I've recently had the pleasure of working with Joe & Eleanor.  We found a great property for them and they will be closing shortly. Here is their recommendation: Laura - You're absolutely the best realtor we've had the pleasure of working with. We appreciate your professionalism and the patience you've shown over the last 24 or so months. You've provided an endless number of listings, countless showings, invaluable professional advice and referrals, and even hot soup when Eleanor was ill. Bottom line is that you clearly put your clients first. And for us, in the end your patience and persistence paid off. When I said "Bring us a deal," you did just that. You found exactly the property we wanted within our price range in a desirable, convenient community. Thanks for hanging in there with...
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By JOHN Cleary
(Marquette Realty & Consulting)
After making over One hundred cash offers for neglected/distresses properties it seems like REO sellers are very, very interesested in stopping the financial carnage/hemmoraghing once and for all. A wise seller or agent respects the immediate and bottom line results and  merits of closing in two weeks without contingincies. The certainty of getting paid is greater than the amount expected during these terrible market conditions. Real estate opportunites like this, similar to what we are experiencing now, only come around once every 70 to 80 years!  YOU make most of your rmoney when you buy not sell!      
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