Apr
2
1575 Waldorth Court, Wheaton, IL 60189
Posted by econteam under Uncategorized
Welcome home to 1575 Waldorth Court in Wheaton.
We are excited to annouce our newest listing for sale in the Arrowhead Subdivision in Wheaton, offered at $439,900. It’s wide open floor plan with hardwood floors, high-end gourmet kitchen, luxurious master suite and 3 car garage are just a few reasons to call it home. Located on almost 1/2 acre on a quiet cul-de-sac and backs to the Illinois Prairie Path!
Take a look at the virtual tour below!
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Wheaton School Distric 200 including Wiesbrook Elementary, Hubble Middle and Wheaton Warrenville South High School.
If you want more detailed information regarding this home 1575 Waldorth Court
To view all homes currently for sale in the Arrowhead subdivison in Wheaton, visit our Homes of Arrowhead page
To view community information in south Wheaton including school ratings and info, real estate market statistics, visit our Wheaton community page
If you would like to talk to us directly about this home, your home or to find a home you can call Pete at 630-363-6832 or email me
Mar
22
Golf Course Home – Stonebridge Country Club
Posted by econteam under Uncategorized
Elegant all brick Colonial home backing to Stonebridge Golf Course for sale located at 2848 Reserve Court, Aurora, IL! This home is offered at $875,000.
The home features over 6400 square feet of living space, including the finished basement. Features include soaring two story family room with stone fireplace with an abundance of windows, massive gourmet kitchen with newer Sub Zero refrigerator, center island and open to family room. The master suite features volume ceiling and totally redone stone bathroom with Bubble Massage tub and rain shower. All the bedrooms are spacious with generous closet space.
Schools include Brooks Elementary School, Granger Middle School and Metea Valley High School.
Take a look at the virtual tour and see for yourself why they golf course home is a perfect place to call home! Click below for the tour…
To view more detailed information about 2848 Reserve Court, Aurora, IL visit our featured listing. To view all homes in Stonebridge for sale please visit our Stonebridge Homes for Sale page. If you have any specific questions about this home or would like to set up a private showing, please contact Pete Economos at Keller Williams Realty Infinity.
Sep
25
Naperville Real Estate Market Update
Posted by econteam under Uncategorized
It has been a very interesting year to say the least! It appears that the real estate market in Naperville has been stabilized and all signs pointing to the positive. That being said, anything can happen to create some chaos in the market place. Throughout this post I will use market data stats (facts) and give you my opinion of what they mean and my thoughts as we move ahead.
In order to stabilize the local economy, here are my thoughts on what needs to happen.
1st – Stabalize housing (in process)
2nd – Stabalize the banks (in process)
3rd – Stabalize employment (questionable)
Every month in 2012 has brought a positive growth in units sold over the same month in 2011. March brought us the lowest gain of 7.3% increase in units sold over last year. Every other month has brought us at least a 20% gain. Very encouraging.
Price per square foot has increased year over year from $144 sq ft in 2011 to $148 in 2012. Months supply of inventory has dropped from 7.8 months of supply in 2011 to 4.0 months supply of inventory in 2012. Days on market has dropped 20% from 151 days of market to 121 days on market. The median sold price has increased from $340,000 to $348,000 for a 2.4% gain. In August, there were 38.1% fewer homes on the market in 2012 than in 2011. All of these signs point to improvement!
It is interesting to note that the price point of $300,000-$399,999 make up 27.1% of all units sold in August. This market is hot, almost a seller’s market if your home has been updated. The price point that continues to lag and prevent us from having any growth is the market of $500,000+. Prices still have downward pressure and inventory is still high, which means it is a buyer’s market without question. Without improvement here, it is almost impossible for the lower price categories to move north in pricing.
If you have any questions or comments, please reach out to contact me and let me know. I love the conversation!
If you would like to see more Naperville market statistics, visit our site to learn more.
To view all homes for sale in Naperville, or in your neighborhood / subdivision, click here!
Thanks again for reading and enjoy your day!
Pete Economos – Keller Williams Realty Infinity
Sep
25
Home for Sale in Plainfield – Lakewood Falls
Posted by econteam under Uncategorized
We are so honored to present our newest home for sale in the Lakewood Falls subdivision in Plainfield. Located at 14025 S Lakeridge, this 3 bedroom, 2.5 bathroom home is priced at $184,900 and backs to a scenic lake with tranquil views.
Interior features include a 2 story family room and foyer, open floor plan, spacious kitchen, finished basement and more.
The school district is 202 with Lakewood Falls Elementary School, Indian Trail Middle School and Plainfield North High School.
To view all homes for sale in Lakewood Falls subdivision click here.
To view all homes for sale in Plainfield, IL click here.
To learn more about us and our services visit our website.
Thank you for visiting our site and please let us know if you have any questions or would like a private viewing by contacting us!
Pete Economos, Keller Williams Realty Infinity
Aug
20
Wheaton Real Estate Market Update
Posted by econteam under Uncategorized
It’s been a while since I have last posted the statistics for the Wheaton Real Estate Market. I must apologize, but work has been busy and with 4 children in sports….. In any event (drum roll please) here is the latest update comparing the current market (single family homes only) vs. 3 months ago and also 12 months ago!
CURRENT (JULY 1, 2012) WHEATON STATISTICS
Active Listings 273
Average List Price $493,304
Homes Under Contract 110
Average Sales Price $347,051
MONTHS SUPPLY OF INVENTORY 5.64 months
3 MONTHS AGO – APRIL 1, 2012
Average Sales Price $347,531 or -0.14%
MONTHS SUPPLY OF INVENTORY 6.54 months or -13.75%
12 MONTHS AGO – JULY 1, 2012
Average Sales Price $365,043 or -4.93%
MONTHS SUPPLY OF INVENTORY 9.33 or -39.59%
You can see that pricing is still hurting a little bit. We are truly in a market with 2 segments….priced right and updated and you will sell fast for top dollar. Not updated and over-priced and your market time is in the years, not days.
What is so extremely encouraging is to look at the months supply of inventory. What does this really mean? Months supply of inventory tells us at the current rate of sales, if no new inventory came on the market it would take this long to sell out of inventory. We have dropped almost 40% in 1 year!
My personal opinion is that we are bouncing around the bottom. I would love to say we bottomed but too much uncertainty in the world has created a fragile environment in which we live. I will say we have hit bottom in affordability. With interest rates at rock bottom, there is only one way for them to go. A 1/2% increase in interest rate on your mortgage equals over a 30 year term the same amount of payments as if you bought a house with a 10% increase.
Calling all investors, where are you? Our rentals are full, rents are at top dollars and we are able to finance rental properties at crazy rates. This fall and winter, you should be jumping on as much property as possible.
To look at all homes available in Wheaton, click on our Wheaton Home Search page
To look at more real estate data and statistics, including schools, past solds and more, visit our Wheaton Market Trends page
To look at foreclosures for sale in Wheaton, visit our Wheaton Foreclosure page
Thank you for reading, I promise to be updating this site more often. As always, if I can help you in any way with your real estate needs, please call me 630-363-6832!
Pete Economos
Aug
10
26W171 Embden Lane, Wheaton IL 60189
Posted by econteam under Uncategorized
Economos & Associates are excited to announce our home for sale in the Arrowhead Subdivision in Wheaton, IL at 26W171 Embden Lane priced at $339,900.
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This four bedroom ranch on almost 1/2 acre is handicap accessible featuring 32″ doorways, ramps, roll-in shower, generator and more. The floorplan itself is open and spacious, with over 2000 sqaure feet of living space not including the huge 3 season room that overlooks a park-like backyard.
Updates since 2005 include new roof, furnace, insulation, attic fan and more.
Wonderful schools with Wiesbrook Elementary, Hubble Middle and Wheaton-Warrenville South High.
For more information with room dimensions, photos and more go to our 26W171 Embden Lane webpage.
For more information about market trends, real estate statistics, schools and more visit our Wheaton webpage.
To search for homes in Wheaton visit our homes for sale in Wheaton webpage.
Click here to search for homes for sale in the Arrowhead Subdivision in Wheaton
Aug
10
511 S Summit Street, Wheaton
Posted by econteam under Uncategorized
We are extremely excited to announce our newest home for sale in Wheaton, Illinois located at 511 S Summit Street!
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This charming ranch listed for sale at $214,900 is located within walking distance of downtown Wheaton and downtown Glen Ellyn. Very spacious living area with a 21×14 living open which opens to the dining room and a large eat-in kitchen with pantry closet. Located on a quiet street with mature trees in a great neighborhood.
Enjoy the summer nights on the patio which overlooks the large, professionally landscaped yard.
For more detailed information, or to view more pictures and the virtual tour, click on the 511 S Summit Street webpage.
If you would like to view more homes for sale in Wheaton, IL you can visit our Wheaton webpage for more properties and market statistics.
If you would like to study housing statistics, market trends, school info and more for the Wheaton, IL area visit our Wheaton Real Estate Market webpage.
Apr
26
Arrowhead Subdivision In Wheaton Garage Sale
Posted by econteam under Uncategorized
The Arrowhead Homeowner’s Association is hosting it’s annual Arrowhead Subdivision Garage Sale on May 5th, 2012 starting at 8am. So far there are around 30 homes that have committed to hosting a garage sale. There will be maps of the homes holding the garage sales at the entrances to the subdivision on Durfee Road and Arrowhead Drive.
Simple directions would be to take Butterfield Road (Route 56) west from Naperville Road or east of Winfield Road. The entrance is located directly across from Arrowhead Golf Course. We will post the garage sale map on this blog by Wednesday May 2nd if you would like to download it.
Apr
2
1585 Stonebridge Trail, Wheaton For Sale
Posted by econteam under Uncategorized
We are so excited to announce our newest home for sale in Wheaton located at 1585 Stonebridge Trail. It is offered at $325,000 has is updated throughout. This 3 bedroom, 2.5 bathroom duplex is located in the Creekside of Wheaton subdivision, and features 1928 square feet of living space. Features included newer kitchen with stainless steel appliance, vaulted family room ceiling with skylights, hardwood flooring, finished basement and private backyard.
Located in Community School District 200, the schools include Madison Elementary, Edison Middle School and Wheaton Warrenville South High School.
For more detailed information about this home click on our 1585 Stonebridge Trail webpage.
Below is the virtual tour!
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If you would like more information or would like to set up a private showing, contact Pete Economos
If you are interested in learning about the Wheaton Real Estate market including market statistics including sold and active listings, school information, and more visit our Wheaton Market Insider website!
If you would like to search all Wheaton homes for sale visit our Wheaton Home Search page
As always, I appreciate you stopping by and please contact me for all of your real estate needs. I would love to earn your business!
Pete Economos
Feb
23
2601 Barrington Drive East, Aurora For Sale
Posted by econteam under Uncategorized
We are so excited to announce our newest home for sale in the Wheatlands Summit Chase subdivision in Aurora. 2601 Barrington Drive East is offered for sale at $328,650.
The two story foyer welcomes you to this open floorplan, which is 3066 square feet per assessor. Some of the highlights include 9 foot ceilings, 1st floor den, huge bedrooms and closet, professionally landscaped yard with brick paver patio. Perhaps the biggest highlight of this home is the finished basement. The custom deep pour basement features a home theater room, rec room with wet bar that includes seating for six and granite counters, full bathroom and bedroom. The high end theater room features 92″ Carada “Criterion Series” Screen with 3.25″ black velvet beveled edge, in-wall HDMI cable to overhead projector (projector not included), high end Bowers and Wilkins in wall speakers, extra insulation to isolate sound from the rest of the home, and more!
Take a virtual tour of this fine Aurora home or for more information, click on our 2601 Barrington Drive East link.
If you have quesitons about this home, would like more information or would like set up a private showing of this home, please contact us.
If you would like to search the MLS for all other Aurora homes, or would like to see housing statistics in Aurora, visit our Aurora homes for sale webpage.
If you would like to see community information for this Aurora home, such as pricing trends, school info, etc please click on our Aurora community page.
As always, if you just want to pick up the phone to talk, call me at 630-363-6832! I would love the opportunity to earn your business.
Pete Economos
Naperville and Wheaton Real Estate |
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