Harmony Grove and Ashwood Creek and Ashwood Park Prices

I was out showing homes in Naperville school district #204 before my vacation and I had the distinct impression that prices were lower. So, this morning I did some research which backs up my "feeling."

Harmony Grove 2006 Closed Sales

27 homes closed

$420,000 to $575,000 sales price

Average Price: $483,000

Harmony Grove 2007 Closed Sales

17 homes closed

$424,000 to $621,000 sales price

Average Price: $471,000

Hmmmmmmm...fewer sales and lower average prices. Also, noticed more vacant listings and higher buyer agent's commissions.

Ashwood Creek/Ashwood Park 2006 Closed Sales

18 homes closed

$599,000 to $1,068,000

Average Price: $811,247

Ashwood Creek/Ashwood Park 2007 Closed Sales

27 homes closed

$453,000 to $1,060,000

Average Price: $730,340

The Ashwoods are newly developed sub-divisions in far southwest Naperville. Their clubhouse opened this past year. I believe that when completed there will be over 500 homes. However, based upon the above figures, it's going to take a lot longer to complete. Now, there could have been more sales, direct from some of the builders that were not reported to MLS, but I don't think that will change what we're seeing. Lower prices, more builder concessions and upgrades and long, long market times (over a year in many cases).

If you're a buyer (without a home to sell) then you're in a great negotiating position. And, if you're going to live in this home for five or seven years, you'll do OK. If you're thinking that you might move sooner, then consider renting as a temporary measure.

Stats courtesy of MLSNI.

C 2007 Move UP to Naperville Blog, Eileen Landau