I have lived in Naperville my entire life and I could not begin to count how many awards this city has received, even over the recent years. Money magazine has named Naperville in the top 10 cities in the country to raise a family at least 3 times, we have the number one public library system in the country, and two amazing school districts, 203 & 204. Naperville has great shopping & restaurants giving you few reasons to need to leave but if you want to get out it’s only a short ride into Chicago. There a hundreds of reasons to live in Naperville.

 

Well an article in today’s Sun gives us a few more. Real estate values have traditionally been strong in Naperville and even in a weak market the city’s strong points have helped to keep our values up, at least in comparison to our neighboring cities and towns. The nine county Chicago area had February sales down 26.9% from the same month in 2007, while Naperville was only down 18%. 

 

Remember that the 18% decrease is sale volume, not value. According to the Sun, Naperville prices are on the rise, reporting that “compared to February 2007, median sale prices grew by 12.2% for single-family homes and 21.9% for condominiums.” So even though fewer homes are selling, home values don’t seem to be dropping off. 

 

Naperville is fortunate because many of the things that draw its residents to move, and stay here, are the same things that are helping the property values.