I mentioned in a previous post that Naperville's Luxury Home Market has actually increased in volume over the last year... bucking all current trends. With sales up over 28% for the year, there are still a lot of fantastic homes to be had at advantageous terms. Great opportunities are there for buyers... but the stats say the the Sellers with the properly staged and marketed homes are going to get them sold.
I am attaching a couple of graphs to illustrate these points. It is important to note that many of the "Active Listings" are not yet built, but are being marketed on the "wish and a dream" plan (The builders wish you had a dream for that lot) this skews the statistics to a large degree... so the MSI (Months Supply of Inventory) looks abysmal, but is, in fact part of a thriving and exciting market. Also keep in mind that this maps out MSI over a two year period, sales in Naperville for luxury homes have been on the upswing, so MSI based on today's 12 month market numbers would put the Months Supply of Inventory at 28.5 months
To learn how to take advantage of todays market, call Angus at 630-717-7386 or visit me here Naperville Real Estate for:
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Good info for the Naperville market. I love your cash cow Angus!!!
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