As a life time resident of the Aurora/Naperville area I have always been intrigued by the differences in two of our major cities:
Aurora - "City of Lights" - 2nd largest city in IL and Naperville "Best Place to Raise a Family"and #5 in population. Naperville seems to always take the spotlight with its bustling downtown, corporate headquarters and for appearing on Money Magazines "Top Places to Raise a Family". Aurora has Fox Valley Mall (now known as Westfield Mall) that is a great sales tax generator but caused its downtown to lose the majority of its retail stores but now is home to Hollywood Casino.
Both cities enjoy having a river run through them - Fox River for Aurora and DuPage River for Naperville. Each city has its own University and College - Aurora University, Waubonsee College and North Central University for Naperville. Naperville has a thriving downtown with many top Chicago restaurants having 2nd locations, top retail stores and entertainment venue. Home to many corporate headquarters it has its white collar professionals as its job anchor. Aurora once a manufacturing city now has a diverse base of warehouse space, start-ups and small to mid size companies that enjoy its location to I-88 and easy access to I-355.
But it's the housing stock that really shows the differences between these two neighbors.
In 2012 Aurora had sales of 380 single family homes under $50K - Naperville sales started at $111K with 214 homes sold from $111K to $250K.
Below you can see the breakdowns by price points in each city.
$0K - $50K - 380 $111K - $250K - 214
$51K - $100K - 424 $251K - $350K - 392
$101K - $150K - 297 $351k - $450k - 442
$151k - $250k - 373 $451k - $600k - 291
$251k - $500k - 170 $600k - $1.6M - 179
$500k - $1.3m - 17
With smaller inventories in both cities, 2013 may prove to be a year where buyer's can expect to be involved in multiple offers for the best homes in the best locations.
Both cities have much to offer depending on your housing needs. Let me assist you in 2013 to reach your real estate goals.