Lisle, IL

I hosted an open house at my listing in River Bend on Sunday. The weather was fairly typical for an April day in Illinois. Wet and raw. Highs in the lower 50's...

Despite the inclement weather, the turnout was solid. Nine groups came through...

The comments were fairly consistent. Tons of space. Gorgeous windows. Love the neighborhood and the model...

"But why are there so many for sale?" many visitors asked.

"There must be 30 homes for sale!" said one very impressed yet concerned visitor.

"Actually, there are 15," I answered, knowing the conversation wouldn't stop there.

"Why so many for sale?" asked the gentlemen.

Hmmm. In just over three years as an agent, I have answered this question many, many times, especially in regards to River Bend.

Why are there so many for sale?

River Bend has 150 townhouses in it. 15 are for sale today. That is 10%.

Seems high, but maybe not that surprising...

First off, oversupply is common in today's market.

Secondly, I feel in developments such as River Bend that were built between 5 and 10 years ago, the drop in the market can be even more glaring...

The average buyer of a townhouse generally lives in it about 5 years. After 5 years, the typical buyer is looking for something a little bit different. Perhaps they have outgrown it? Maybe they want a yard?

So when a development reaches maturity (after it has been sold out for 5 years or so), many owners are just starting to get the itch...

In a good market, that supply is quickly gobbled up.

In a tougher market like we are facing today, the results can be quickly dropping prices as well as a glut of inventory.

And that is what we have seen in River Bend and many other neighborhoods like it.

"At the end of the day, the number of homes for sale is not your problem," I remind my would-be buyer. "It is your opportunity..."

Ken

A Realtor you can trust.

-River Bend on a sunny afternoon

-River Bend on a snowy day in January...

I will be having an open house at my listing on 1116 Longwood Drive, Lisle this Sunday from 1-4 PM...

Stop by and see what River Bend has to offer. Lovely 2 and 3 bedroom townhomes priced in the mid to high $200s.

Great location. Close to highways, shopping, and golf. Just down the road from downtown Naperville...

Ken

A Realtor you can trust.

Ken Tracy | Keller Williams Naperville | 630-697-0536 1116 Longwood, Naperville, IL LOVELY END UNIT. OPEN FLOOR PLAN. HIGH CEILINGS. GREAT WINDOWS. HARDWOOD. CLOSE TO SHOPPING, HIGHWAYS, AND MORE. 3BR/2.5BA Townhouse offered at $274,900 Year Built 2003 Sq Footage 2,000 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 3 Parking Unspecified Lot Size Unspecified HOA/Maint $199 per month DESCRIPTION GREAT END UNIT TOWNHOME IN LOVELY RIVER BEND. OPEN FLOOR PLAN. HIGH CIELINGS. BEAUTIFUL WINDOWS. HARDWOOD. CLOSE TO SHOPPING, HIGHWAYS, GOLF, AND MORE. see additional photos below PROPERTY FEATURES Central A/C Central heat High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Microwave Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio COMMUNITY FEATURES Golf course Lake ADDITIONAL PHOTOS Brick and Siding Photo 1 Photo 2 Photo 3 Photo 1 Photo 2 Contact info: Ken Tracy Keller Williams Naperville 630-697-0536 For sale by agent/broker Equal Opportunity Housing Posted: Apr 15, 2009, 11:25am PDT

There are 11 real estate listings (as of 04/07/09), in River Bend, Lisle IL ranging in price from $244,900 to $499,000. Visit Lisle real estate site and view all real estate listings in Lisle, Illinois including residential and commercial real estate in Lisle, Illinois.

Lisle IL Real Estate

There are 11 real estate listings (as of 04/06/09), in River Bend, Lisle IL ranging in price from $249,900 to $509,000. Visit Lisle real estate site and view all real estate listings in Lisle, Illinois including residential and commercial real estate in Lisle, Illinois.

Lisle IL Real Estate

If you are considering a move to Lisle Place in Lisle, Illinois, there are 10 real estate listings (as of 04/05/09), ranging in price from $99,000 to $400,000. Visit Lisle real estate site and view all real estate listings in Lisle, Illinois including homes for sale in Lisle Place. Lisle Illinois Real Estate offers single family homes, townhomes and condominiums for home buyers at various price points.

Lisle Illinois Real Estate