Eric Rogers

Just released yesterday, the S&P/Case Shiller Index has some interesting and positive news for the month of August. It appears to continue the trend of stabilization that it seems like we're currently in. Particularly for the Chicagoland market that I work in, it continues 3 solid months of home value increases. This is welcome news for our industry and home sellers in general. Here's the top question that comes to mind: Will it last or is this just a blip?

Here's the problem. I personally feel that we need to see some improvement in the foreclosure department before we see a drastic improvement in the housing market in general and home values in particular. I'm just not seeing that happen at this point. There are two other factors in the mix. The winter market looming on the horizon and the ever-welcome homebuyer tax credit.

Is the government incentive responsible for this localized improvement in the market or is it something else? Could it be that we've reached a point where buyers can no longer put off a purchase and move forward with their lives? Lots of questions to be answered - hopefully we'll know what's going on in the next few months and can use that information to help advise our clients for 2010.

North Aurora is a village trying to maintain its small-town identity while it continues to grow, particularly to the east and west. One of the newest additions of residential homes is the Tanner Trails Subdivision in the extreme west of the village. With over 500 single family homes located among Fox Valley conservation land, farmer's fields and hiking and biking trails, Tanner Trails offers the perfect retreat for home buyers looking for luxury and style "away from it all".

Despite it's rural setting and beautiful parks, Tanner Trails is just a short drive from local shopping venues including the Woodman's on Orchard Road, shopping along Randall Road as well as I-88 access into the city and surrounding communities. There's more than one water park located within a 15-minute drive of the subdivision and there are two Metra stations just a short distance away. Visitors to Tanner Trails can approach from the east or west along Tanner Road. A nearby subdivision called The Reserves at Tanner Trails is considered part of this community but features custom and semi-custom homes at a higher price point.

The Reserves at Tanner Trails is a new home community located among the fields in westernmost North Aurora. It offers many new construction options from the $300,000 range to the $500,000 range. Many of the homes in this community are custom and semi-custom homes built by one of several local builders. Although this subdivision is considered a different community, it shares its name and location with the neighboring subdivision of Tanner Trails. Because of this, it's often also called Tanner Trails or simply, "The Reserves".

The Reserves at Tanner Trails is one of the newest subdivisions of North Aurora real estate and features large homes, most averaging over 3,000 square feet. Local shopping includes the stores along the nearby Randall Road corridor, Woodmans, the North Aurora Auto Mall and the Chicago Premium Outlet Mall two exits to the east in I-88. It is fairly close in proximity to the nearby communities of Batavia, Aurora and Sugar Grove. If you are searching for a beautiful custom or semi-custom home in North Aurora, contact your local real estate expert for more information.