520 S Washington Building 

The charts below show the strength of Naperville's attached housing market. Not just on the lower end but Naperville's Luxury Condo & Townhome  market too. As is typical in a softer marketplace... the total # of units are down, while the average price has risen considerably. During 2006 There were three luxury condos that were sold for over $1,000,000, all in the 520 S Washington Building on Naperville's famous Riverwalk. 2007 promises another strong showing with the opening of the Benton Place Condominiums

 

Despite the decrease in units sold... there has been another vibrant sector of the market and that is the condo conversions that have taken Naperville by storm. Throughout the city we are seeing successful, large scale conversions taking place.

 

The First 11 Months of 2005

TOTAL LISTINGS AVERAGE DAYS ON MARKET MEDIAN PRICE AVERAGE PRICE HIGHEST PRICE LOWEST PRICETOTAL DOLLAR VOLUME
96258$194,000$215,947$785,000$90,000$207,741,081

 

The First 11 Months of 2006 

TOTAL LISTINGS AVERAGE DAYS ON MARKET MEDIAN PRICE AVERAGE PRICE HIGHEST PRICE LOWEST PRICETOTAL DOLLAR VOLUME
82159$214,700$254,691$1,850,000$100,000$209,101,406
 

4 Comments on Naperville's Thriving Condominium & Townhome Market

DEC
04
2006
110,135 Points 26 Featured Posts Localism Sponsor Outside Blog
It's interesting, our condo market is doing very well here too. You have cool balconies on that Benton Place Complex. Somehow I like that there are two buildings; they balance each other out? Makes it look stately and interesting. Cool, Angus. 
11:16pm • #1
DEC
05
2006
535,227 Points 45 Featured Posts Outside Blog
Sounds like your condo market is doing quite well. We have lots of them available.  I like the curved balconies, but think the building could use that photo straightening tool unless the ends are really like a certain building in Pisa.
5:11am • #2
DEC
06
2006
21 Featured Posts

Carole - I really like the look of the Benton Place Condos... Kind of an old-style - brick city building - except new! And there are a bunch of awesome restaurants all within two blocks!

Sharon - Not my pic, it's the developers. The balconies look nice from the street, but (in my opinion) are too small, they valued form over function in their design.

10:44am • #3
Just walked through the condos for the st time in the last month.  There's things I liked and others that could have been done better.
1:15pm • #4

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Angus in Naperville IL

Naperville, IL

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RE/MAX of Naperville

Address: 1200 Iroquois Center, Naperville, IL, 60563

Office Phone: (630) 717-7386

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