Naperville Spring '07 Update

Spring has sprung in Naperville. Yes, Napervillians live in a bubble and the real estate market is no exception. The buyers are out. Correctly priced homes are moving quickly. Buyers are well educated and know a deal when they see one. In the past month, 24 homes over $1 Million have gone under contract. Entry level pricing continues to get higher, pushing the 300K mark for a Single Family home with 2 car garage and basement. Yes, Virginia there is still a market, contrary to popular belief. Don't let the media fool you. Talk to a real estate agent, and get the ACTUAL facts for the neighborhood/town you're interested in. For those sitting on the sidelines waiting...my advice is don't wait too long or it will be gone. Even homes that have been sitting for some time are now moving. The inventory IS decreasing. For those of you looking to sell your home, don't be afraid. A correctly priced home sells quickly.