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Ding! Ding! Naperville Trolley Tours

365 Naperville No Responses »
Aug 262010

Number 91 – Naperville Trolley ToursNaperville Trolley

Learn about old Naperville, and see the new Naperville!  This one-hour Historic Tour of Naperville blends the past with the present, highlights Naperville’s growth, and includes some fun stories!  The Tour includes Naperville’s Historic District, North Central College, charming downtown businesses and shopping areas, state-of-the-art police and fire stations, the scenic Riverwalk, Naper Settlement, Centennial Beach, and more!

All tours are one hour.   All tours start and end on Jackson Avenue at Eagle Street. Reservations are requested as the tours do sell out. No strollers.

June, July, August – every Friday at 11:00am Call 630-420-2223. For more information visit http://www.napervilletrolley.com/

Posted by Tony Lazzari at 12:23 pm Tagged with:

The Boys of Fall with Naperville Central HS

365 Naperville 1 Response »
Aug 062010

The Boys of Fall

Enjoy this Kenny Chesney video featuring Sean Payton – Naperville Central alum – and Naperville Central football team and Redhawk Stadium.

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Posted by Tony Lazzari at 10:58 pm Tagged with: ,

April housing numbers up sharply for Naperville

Naperville Market Stats No Responses »
May 122010

Big single-family home

Image via Wikipedia

Well the rush to purchase a home and take advantage of the Federal Tax Credit has ended (except for certain military families) as of April 30, 2010. The impact in Naperville was fairly substantial with numbers up across the board on a month over month basis. All statistics used in these reports come directly from Terradatum Inc. Their source is reported multiple listing service transactions.

Sold Homes

The average price for a single family home in Naperville in 2010 was $421,230. That is a decrease of 2.2% from the  2009 average price of $430,662. Median prices were flat at $370,000. The gap between average and median price is typically around 12% – this past month that remained true to form at 12.2%. This was a return to typical levels as the previous month’s gap had been at 5%. This gap is a new number we are tracking now to gauge which ends of the market are moving.

The number of units sold is also up for April 2010 vs April 2009 at 197 vs 112 or a 76% increase. Homes under contract had a much sharper increase to 107 from 75 for the same period one year ago; an increase of almost 43%. This trend has continued since the start of 2010.

Months Supply of Inventory

MSI is a measure of how long, at the current rate of sales or absorption, would it take to sell out the market. The April  MSI is 5, vs 10 a year ago – a decrease of over 50%. On a national level, the number is closer to 9 for this April and 14 months for last year at the same time – another indication that Naperville trends differ substantially from national numbers.

90-day stats for Single Family properties in
NAPERVILLE, IL as of August 27, 2010
Median List Price:$463,327Average List Price:$593,901
Total Inventory:1,174Price per Square Foot:$164
Average Home Size:2,999Median Lot Size:10,955
Average # Beds:4.04Average # Baths:3.20
Homes Absorbed:58Newly Listed:46
Days on Market:184Average Age:22

As always, if you want more detailed information or to look at the numbers on a more hyper-local level (zip code or subdivision) simply Order your free Market Report or drop me an email.

Well the rush to purchase a home and take advantage of the Federal Tax Credit has ended (except for certain military families) as of April 30, 2010. The impact in Naperville was fairly substantial with numbers up across the board on a month over month basis. All statistics used in these reports come directly from Terradatum Inc. Their source is reported multiple listing service transactions.

Sold Homes: The average price for a single family home in Naperville in 2010 was $421,230. That is a decrease of 2.2% from the 2009 average price of $430,662. Median prices were flat at $370,000. The gap between average and median price is typically around 12% – this past month that remained true to form at 12.2%. This was a return to typical levels as the previous month’s gap had been at 5%. This gap is a new number we are tracking now to gauge which ends of the market are moving.

The number of units sold is also up for April 2010 vs April 2009 at 197 vs 112 or a 76% increase. Homes under contract had a much sharper increase to 107 from 75 for the same period one year ago; an increase of almost 43%. This trend has continued since the start of 2010.

Months Supply of Inventory is a measure of how long, at the current rate of sales or absorption, would it take to sell out the market. The April  MSI is 5, vs 10 a year ago – a decrease of over 50%. On a national level, the number is closer to 9 for this April and 14 months for last year at the same time – another indication that Naperville trends differ substantially from national numbers.

As always, if you want more detailed information or to look at the numbers on a more hyper-local level (zip code or subdivision) simply Order your free Market Report or drop me an email.

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Posted by Tony Lazzari at 1:11 pm Tagged with: , ,

Naperville, IL Real Estate Market Conditions

Naperville Market Stats No Responses »
Apr 062010

New feature on MyNapervilleHomesBlog - Weekly Condo/Townhome report. Check out the current numbers for the past 7 days below.

7-day stats for Condo properties in
NAPERVILLE, IL as of April 2, 2010
Median List Price $189,900 Average List Price $227,403
Total Inventory 592 Price per Square Foot $146
Average Home Size 1,271 Median Lot Size n/a
Average # Beds 2.17 Average # Baths 2.04
Homes Absorbed 22 Newly Listed 27
Days on Market 258 Average Age 18

As you can see, inventory continues to rise as more units are coming on the market than are being absorbed.

Median Price for homes in NAPERVILLE, IL All ZIP Codes

Median Price for homes in NAPERVILLE, IL All ZIP Codes as of April 2, 2010 is $189,900
Inventory for homes in NAPERVILLE, IL All ZIP Codes

Inventory for homes in NAPERVILLE, IL All ZIP Codes as of April 2, 2010 is 592
Average Days on Market for homes in NAPERVILLE, IL All ZIP Codes

Average Days on Market for homes in NAPERVILLE, IL All ZIP Codes as of April 2, 2010 is 258
Median Market Action Index for homes in NAPERVILLE, IL All ZIP Codes

Median Market Action Index for homes in NAPERVILLE, IL All ZIP Codes as of April 2, 2010 is 11.70

For Zip Code level detail, check out the Market Stats, Condo/Townhome tab above for greater detail on the Naperville market

Posted by Tony Lazzari at 11:45 pm Tagged with: , , ,

Housing Market Continues Strong in Naperville

Naperville Market Stats No Responses »
Apr 052010

National news in housing has been good recently, with pending home sales up higher than expected for February. The numbers for Naperville single family homes continue steady on a month over month basis and stronger than a year ago. All statistics used in these reports come directly from Terradatum Inc. Their source is reported multiple listing service transactions.

Sold Homes: The average price for a single family home in Naperville in March 2010 was $387,483. That is an decrease of 7.1% from the March 2009 average price of $417,116. Median prices were also down from $389,000 to $371,000. The gap between average and median price is typically around 12%. Last month it was 26%: this month it is almost 7%. The decrease in the gap is indicative of heavier activity in the lower end of the market, possibly due to an influx of first time buyers getting into the market to take advantage of the First Time Buyer’s Tax Credit before the April 30, 2010 deadline.

The number of units sold is also up for March 2010 vs March 2009 at 91 vs 67 or a 36% increase. Homes under contract had a much sharper increase to 151 from 85 for the same period one year ago; an increase of 78%. This trend has continued throughout the first quarter of 2010.

Months Supply of Inventory is a measure of how long, at the current rate of sales or absorption, would it take to sell out the market. The March  MSI is 5.9, vs 12 a year ago – a decrease of over 50%. On a national level, the number is closer to 10 for this March and 15 months for last year at the same time – another indication that Naperville trends differ substantially from national numbers.

Median MAI for homes in NAPERVILLE, IL All ZIP Codes

As always, if you want more detailed information or to look at the numbers on a more hyper-local level (zip code or subdivision) simply Order your free Market Report or drop me an email.

Posted by Tony Lazzari at 4:25 pm Tagged with: ,

Blarney, parades, and fun in Naperville

Around Naperville No Responses »
Mar 102010

“Top O’ the Morning To You” was the traditional greeting in my home when I was growing up (yes, I am 1/2 Irish on me sainted Mother’s side). “And the rest of the day to yourself” was the traditional reply. So, I Googled the phrase, and went to the Wiki to find a bit more of the background on this, and lo and behold, it appears to be a bit of blarney that it is an Irish saying at all! According to this source, the phrase actually comes from New Zealand of all places and only came to be attributed to the Irish thru Hollywood movie characters. Who knew?

Be that as it may, this Saturday, March 13, 2010 at 10:00 am, the West Suburban Irish St Patrick’s Day Parade kicks off in downtown Naperville. Route details and suggested parking information is available from the city of Naperville website.

There will be a change in the parade this year as the City has passed an ordinance prohibiting the throwing of beads, candy, etc during the parade. Seems there is the fear that parade watchers are being placed in peril and risk injury from the actions of the parade participants…(seriously biting my tongue here). However, these items may be handed out by people walking the parade route. So I guess you better get there early if you want a curbside seat so your kids can get their share of the swag. Otherwise they may be out of luck!

Personally, I enjoy the parade, the Irish Dancers, the floats, the school bands and the all the groups that participate. So come out Saturday morning and enjoy the festivities!

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Posted by Tony Lazzari at 1:27 pm Tagged with: ,

Naperville Condo and Townhome Market Report

Around Naperville, Government Housing Programs, Real Time Market Statistics No Responses »
Nov 152009

New this month – Market Stats Report on Condos and Townhomes in Naperville. This will be following the same format as the monthly single family homes report but will focus on this segment of the market. Industry news in recent weeks has included the expansion and extension of the Home Buyer’s Tax Credit. Essentially, the program for first time buyers requires a contract date no later than April 30, 2010 and a close date no later than June 30, 2010. The amount is 10% or a maximum of $8,000. Income limits have been adjusted upward so more people may be eligible. Existing homeowners (not just upgraders) who have owned and lived in their home for five consecutive of the last eight years may be eligible for up to $6,500. This chart has a good summarization of the changes. And for a Frequently Asked Questions or FAQ, go here.

Data comparisons* are made for the current 12 week period vs the previous 12 weeks.

Homes Under Contract, 12 vs 12. We have seen a bit of a slowdown in homes going under contract. This is typical of the seasonal nature of real estate. This is the first down month after 7 consecutive months on the uptick. Homes Sold went from 12 to 10 or a decrease of 16.7%. Again, this is not unusual give the time of year.

Continuing the trend started last month, Homes For Sale decreased 3.6% from 552 to 532. With fewer homes on the market, we should begin to see some stabilization in pricing.

Median Price for Homes Sold in October 09 is down 1.2% from $197,519to $195,071– an insignificant change. The median for Homes Under Contract however, dropped from $204,705 to $181,352– a decrease of 11.4%. Median List Price remained flat: $189,975 vs $189,288.

Condos and Townhomes in Naperville, IL

*(Source -Terradatum/MRED, LLC). Numbers shown are based condo/townhome data. Contact me for further individual breakdowns. Other data  and charts from Altos Research. Information is also available by zipcode. It can be requested in the chart to the right or by clicking here. It will be emailed to you shortly.

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Posted by Tony Lazzari at 2:14 pm Tagged with: , , , , ,

Naperville Healing Field display

Around Naperville, General 1 Response »
Nov 072009

This morning I took a walk thru the Healing Field of Honor at Rotary Hill in Naperville. It is a display of 2,009 United States flags placed over the last two days in honor or our service men and women. The Healing Field of Honor program began in 2002, as a way of honoring those who lost their lives in the terrorist attacks of 9/11/01. Fields continue to encourage unity, remembrance and healing. Fields of Honor pay tribute to those soldiers who have fallen and/or are in our military, protecting our very freedoms. DSC03366

If you have a chance, go take a look – walk around the display, walk through it. Take a tour of the Millennium Carillon and with the display from above. It is hard to describe the feeling as you walk among the flags. The unique sound of flags snapping in the breeze is almost hypnotic. To see Veterans standing their, paying their respects to comrades and their memories, and what looked to be parents of current service personnel with tears in their eyes, makes for a pretty powerful experience.

If you are so inclined, for $35.00 you can sponsor a flag and place a tag on it with the names of those you are remembering. I tagged the 4th one in from the left on the 9th row (my Dad’s birthday) in his name, and that of a brother-in-law, brother, and 3 nephews who have served or are serving.

Posted by Tony Lazzari at 4:16 pm Tagged with: , ,

Thinking of renting that Naperville home? Scam Alert

Around Naperville, Sellers Information No Responses »
Nov 052009

While this video comes from Dallas, TX, if you are thinking of renting your home or investment property, it’s worth a watch. The basic message is if your potential renter wires you or mails you funds and asks for the money to be deposited and a portion of it returned, odds are it is a scam.

If you want help renting that property, screening potential renters and getting the most out of your investment, give me a call and let’s talk about how I can help.

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Posted by Tony Lazzari at 12:10 am Tagged with: , ,

Naperville Home Sales for September

Around Naperville, Market Statistics, Naperville Market Stats No Responses »
Oct 112009

house$The latest buzz in the housing market is the efforts in Washington to extend the Home Buyer’s Tax Credit. Just this week several local politicians announced their support for expansion and/or extension. Meanwhile, here in Naperville, the numbers are in for the end of September. And market momentum is continuing. Shown below are summary stats for all of Naperville. If you want zip code specific breakdowns fill in your info in the table to the right. AS promised last month, the issue of Shadow Inventory was discussed in another post.

Last 12 Weeks vs Previous 12 Weeks: (Source -Terradatum/MRED, LLC). Numbers shown are based on single family and townhome/condo data combined. Contact me for further individual breakdowns.

Homes Under Contract, 36 vs 40, up 8.5%. The trend continues, now in its seventh consecutive month here in Naperville. There are good values out there and buyers continue to advantage of them.

Median Price for Homes sold in Sept 09 is down 2.1% over the same period one year ago, and -5.7% over Sept 07.  At the same time, Average Price is -8.7% over Sept 08, but up 4.1% over Sept 07.

Reflecting a seasonal trend, the number of Homes for Sale is down 4.6% for the current 12 week period over the previous 12 weeks – a typical occurrence for this time of year. Homes Under Contract is down a similar level -4.4%.

Units Sold has flattened out this period which is typical from a seasonal perspective.. The current average of 40 vs 36 in the previous 12 week period is an increase of 8.5%. The continued change in this metric is a measure of strength in the market. And it is not just foreclosures that are selling!

altoschart909

Market Action Index has climbed to a point where it is exceeding last years level!  still indicative of a Buyers Market. (Neutrality is when the mark is around 30) but a 22% jump from the previous level. With several months of inventory available at the current sales rate, buyers should still find ample inventory. For sellers, properties need to be in the best possible condition to get the market’s attention at their price point.

Summary For the sixth month in a row the Naperville market continues to show signs of recovery. Homes are going under contract and closings are increasing. Inventories are up decreasing as more homes are absorbed and pending sales continue to be stable..

Note: If you would like to be updated regularly on housing statistics in your area, enter your info in the block to the right.

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