Agent2Agent in Downers Grove>Question Details

Ron Knoll, Real Estate Pro in 60622

How's the market holding up in Downers Grove, Il.?

Asked by Ron Knoll, 60622 Tue Oct 14, 2008

I'm seeing really high market times and properties just sitting on the market. Are sellers being reasonable on market value? Just curious...

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It all depends on the sellers, their motivation, etc. If they're in a financial position to wait, they're thinking they'll recoup their money in the future. Unfortunately, that's going to be quite a while. If people want to "go", and they're willing and able to price their home compellingly, they'll sell. Buyers are being driven by the "deal"/value. And with the interest rates already being compelling, there is action out there.
0 votes Thank Flag Link Sat Jan 22, 2011
Even though I feel the market is doing well in Downers Grove, sellers may still be holding on to the prices of a few years ago. We have seen prices adjust, and buyers are getting some good deals. Downers Grove has much going for it - LOCATION - close to the metra train to Chicago, within a few miles from three major expressways and two airports!
0 votes Thank Flag Link Fri Oct 15, 2010
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