The graphs illustrate the strength of the Naperville attached housing market. And were not talking just the first time buyers… but the Luxury Condo & Townhomes in Naperville too. As is expected in this “softer” marketplace… the total number of unit sales are down, conversely the average sales price has risen considerably. Throughout 2006 there were three luxury condominiums that were sold for over $1,000,000, all in DePaulo’s 520 S Washington Building on the famous Naperville Riverwalk. it looks as if 2007 will bring another strong showing for the year with the anticiapted opening of the Benton Place Condominiums in the heart of downtown.
Despite there being fewer units sold… another vibrant sector has emerged, condominium conversions and they have taken the Naperville community by storm. Throughout the city large scale, successful conversions are taking place.
The First 11 Months of 2005
| TOTAL LISTINGS | AVERAGE DAYS ON MARKET | MEDIAN PRICE | AVERAGE PRICE | HIGHEST PRICE | LOWEST PRICE | TOTAL DOLLAR VOLUME |
|---|---|---|---|---|---|---|
| 962 | 58 | $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 PRICE | TOTAL DOLLAR VOLUME |
|---|---|---|---|---|---|---|
| 821 | 59 | $214,700 | $254,691 | $1,850,000 | $100,000 | $209,101,406 |
