919 Dakota Circle, Naperville

June 10th, 2014

We are excited to announce our latest home for sale, located at 919 Dakota Circle, Naperville, IL 60563! Offered at $585,000, this stunning home is perfect for entertaining! Spacious, open main level floor plan with hardwood flooring throughout. The kitchen has granite, stainless steel appliances and a vaulted ceiling with skylights. Formal living and dining rooms, large family room–all with crown molding. Gorgeous sunroom opens out onto resort-like yard with huge deck, patio and beautiful in-ground pool. Fully-finished basement has fifth bedroom, full bath, media room and full wet bar. Master suite with luxury bath and four additional bedrooms upstairs. So many updates and upgrades!

Superb Naperville schools; walk to park.

Click below to view the virtual tour of 919 Dakota Circle, Naperville, IL 60563.

 

 

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Thank you for visiting our newest listing for sale at 919 Dakota Circle, Naperville, IL 60563! We would love to show you this home and any others that might suit your needs, so feel free to call us at

A realtor you can trust!

Donna Anderson/ The Economos Team

 

1409 Columbus Drive, Bolingbrook

May 2nd, 2014

Wonderful, updated home for sale at 1409 Columbus Drive, Bolingbrook, IL 60490.  Offered at $269,900, this home features newer kitchen and bathrooms, soaring 2 story living room, 2 car garage, spacious family room, open floor plan and screened-in porch.

Located right across the street from the neighborhood park, it’s location really is ideal for a family.

To view a virtual tour of 1409 Columbus Drive, click the image below…

1409 Columbus Drive, Bolingbrook

 

To learn more about this property, you can visit it’s webpage at 1409 Columbus Drive, Bolingbrook, IL 60490

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Please contact us if you would like to set up a private showing at 1409 Columbus Drive, Bolingbrook, IL 60490

 

1792 Whitt Court, Wheaton, IL 60189 – Home For Sale

April 1st, 2014

We are so excited to announce our newest listing for sale in Wheaton, located in the Danada East subdivision on a quiet cul-de-sac.  1792 Whitt Court, Wheaton, IL is offered at $650,000 and features the following fine qualities:

  • Chef’s kitchen with high-end stainless steel appliances, center island, granite and more.
  • 1st floor den
  • Finished basement
  • Hardwood flooring throughout the first floor
  • Updated, luxury bathrooms
  • Huge master suite with fireplace, walk-in closet and luxury bathroom
  • Spacious room sizes.
  • Wiesbrook Elementary School
  • Hubble Middle School
  • Wheaton Warrenville South High School
  • Located close to Rice Pool and Community Center, shopping and expressways

 

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For more information, please visit our 1792 Whitt Court, Wheaton webpage

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As always, thank you for visiting!  If you are looking for a realtor you can trust, please give Economos & Associates a call or shoot us an email.

Kind Regards,

Pete Economos

2070 Summerlin Drive, Aurora, IL 60503 For Sale

March 5th, 2014

We are so excited to announce our newest home for sale located at 2070 Summerlin Drive, Aurora, IL 60503!  Offered at $245,000, this 4 bedroom, 2.5 bathroom home located in Summerlin Subdivision features updated kitchen with stainless steel appliances, 1st floor den, full basement and is situated across from Summerlin Park.

Schools are located in District 308 with The Wheatlands Elementary School, Bednarick Middle School and Oswego East High School.

The home boast over 2300 square feet and is move in ready!

Click below to view the virtual tour of 2070 Summerlin Drive, Aurora, IL 60503

 

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To view more information regarding 2070 Summerlin Drive, Aurora, IL 60503

To view all homes for sale in the Summerlin Subdivision

To set up a private showing of this home, contact Economos & Associates

To search the entire MLS database visit our MLS Search

Thank you for visiting our newest listing for sale at 2070 Summerlin Drive, Aurora, IL 60503.  We would love to show you this house and any others that might suit your needs,  so feel to call us at 630-384-9522.

A realtor you can trust!

Donna Anderson and Pete Economos

193 Reber Street, Wheaton, IL 60187 for sale

February 4th, 2014

Luxurious townhouse in downtown Wheaton located at 193 Reber Street is for sale for $770,000.

Built in 2008,  the features included in this 3 story, 3037 square foot townhouse include in unit elevator, 2 car garage, open floor plan, crown moldings throughout, chef’s kitchen with granite and stainless steel appliances, spacious master suite with sitting area, on-suite 2nd bedroom, hardwood flooring, and more.

The 3rd level is perfect for the in-laws or kids coming back to visit for the holidays!  It includes bedroom, full bathroom, living room and kitchenette.  Also included is a terrace with stunning views of the courthouse and other Wheaton landmarks.

Don’t worry about the stairs…the elevator will take you from the underground 2 car garage all the way up to the 3rd level and any level in between.

Enjoy the downtown location where you have a short walk to Starbuck’s, Mariano’s, prairie path, the train station, farmer’s market, restaurants and more!  The feel of being downtown and being so close really does matter.

Click below to view the virtual tour of 193 Reber Street in Wheaton, IL…

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If you would like more information regarding this townhouse, please don’t hesitate to call or email Pete or Donna

To view more information regarding this property visit our 193 Reber Street, Wheaton webpage

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To search homes for sale in Wheaton, IL visit our search page

As always, thank you for visiting and we would love to help you with all of your real estate needs!

Pete Economos

Wheaton Realtor

Keller Williams Realty Infinity

1831 Wingate Lane, Wheaton, IL 60189

November 18th, 2013

We are so excited to announce our newest home for sale in Wheaton, IL located at 1831 Wingate Lane.  It is offered at $499,900 and is located in the Arrowhead Subdivision.

Home for sale located at 1815 Wingate Lane, Wheaton, IL 60189

Home for sale located at 1815 Wingate Lane, Wheaton, IL 60189

This home is just a short walk from Wiesbrook Elementary and located on a quiet street.  Features include a walk-out basement, 5 bedrooms and updated kitchen and bathrooms.

To view a virtual tour of this property click on the house below…

 

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Thanks for stopping by.  If you would like to set up a private showing of this home or others, please contact Pete!

A Realtor you can trust!

Pete Economos

 

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Naperville Real Estate Market – Naperville, IL

November 5th, 2013

It has been a good year for real estate in Naperville, IL!  As you will see below, the median sale price has gone up in 2013 quite a bit from 2012.  We still aren’t at our all time highs…..but slow and steady win the race.

After a few years in the “buyer’s market” cycle in Naperville, we are slowly moving into a “balanced market”.  The National Association of Realtors states a balanced market is between 3-4 months supply of inventory, and we are getting closer every month

Obviously, what drives the months supply of inventory is simply supply and demand.  Here is a good look at how much demand has increased over the past few years in Naperville, IL.

And how supply (inventory) has decreased over the last few years in Naperville.  The number of homes for sale in Naperville has fallen dramatically in the last 2-3 years.

Overall, Naperville remains a city where people want to live.  The schools are great, the city offers so much and it is a reasonable distance to Chicago via train or car.  Great things are coming in 2014!

If you would like information regarding real estate market conditions visit our Naperville IL webpage

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If you have any additional questions about your home or buying a home in Naperville, please don’t hesitate to contact Pete Economos of Keller Williams Realty Infinity.

Thanks for visiting!

Pete

Wheaton Real Estate Update

October 28th, 2013

2013 has been a good year for real estate in Wheaton, IL!  People are constantly asking about the local housing market….is it a buyer’s market or seller’s market?….what’ going on with pricing?….

Well, we are 3/4 of the way through the year and it has been an interesting ride.  Last year on October 1, 2012, the Wheaton housing stats for single family homes were as follows:

  • Months supply of inventory equaled 5.18 months supply, which is an over supply of inventory and buyer’s market
  • Average sale price through October 2012 was $358,680

A year later, through October 1, 2013:

  • Months supply of inventory is 4.18 months supply of inventory, which is considered a balanced market trending to a buyer’s market considering that in July 2013 the months supply of inventory was down to 3.68 months supply
  • Average sales price through October 2013 is $368,992, which is 2.87% higher than in 2012

To say that I have a crystal ball looking into next year…..would be a stretch.

Right around the same time of year last year, a few companies moved into the Chicagoland area with the mandate to purchase around 3000 homes each.  They were backed by major billion dollar investment companies, who decided to buy homes typically priced from $150,000-$275,000 and with 3 bedrooms.  These companies paid cash and intend on holding the properties for around 7 years all the while renting the homes out.  Talk about a cash cow!  These companies not only attacked the Chicago market, but Atlanta and other parts of the country as well.  Nobody knew this was coming and they single handily took the Chicago area market out of buyer’s market and put many of the communities in a seller’s market.  Just think…6000 homes sold between December and April, and most of those seller’s now have to buy a move up home.  That’s 12,000 homes, a game changer.  That is now history.

To think this is going to happen again would not be a very wise approach.  It created  urgency in the market place, and wiped off most of the distressed inventory which we desperately needed.  There are still foreclosures and short sales out there, but not nearly as much as 1 year ago and not nearly as attractive.  The current market still has some legs but don’t expect huge appreciation moving forward.  I would think over the next 12 months we are going to see a balanced market overall.  In Wheaton, I think it will depend on the price point and condition.  If in good condition and priced under $500,000, homes should sell in 2-3 months.  Take a look at the price point breaks in Wheaton (2013):

$0-$299,999

  • August 1 there were 74 homes on the market with average days on market of 164 days and 2.80 months supply of inventory
  • September 1 there were 68 homes on the market with average days on market of 173 days and 2.50 months supply of inventory
  • October 1 there were 76 homes on the market with average days on market of 153 days and 2.86 months supply of inventory

$300,000-$499,999

  • August 1 there were 89 homes on the market with average days on market of 143 days and 3.73 months supply of inventory
  • September 1 there were 82 homes on the market with average days on market of 156 days and 3.30 months supply of inventory
  • October 1 there were 80 homes on the market with average days on market of 147 days and 3.92 months supply of inventory

$500,000-$999,999

  • August 1 there were 74 homes on the market with average days on market of 218 days and 6.94 months supply of inventory
  • September 1 there were 74 homes on the market with average days on market of 210 days and 6.39 months supply of inventory
  • October 1 there were 80 homes on the market with average days on market of 209 days and 6.81 months supply of inventory

By reviewing these numbers, it is clear to see the difference in Wheaton among the different price ranges and the current market climate.  With the top price range of the Wheaton struggling, it will be tough to see much more than 2-4% appreciation in the upcoming year.  That being said, I have no crystal ball 🙂

Thanks for reading.

A Wheaton Realtor You Can Trust,

Pete Economos

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