As far as the Villa Park IL real estate market is concerned…during 2008, there were 132 homes sold, down from 199 for 2007. The average price for a Villa Park home that sold during 2008 was $239,818 versus $287,050 in 2007, or a drop of about 16.5%. Interestingly, the average market time remained at 115 days for both years.
What does this mean? If you are a first time home buyer, you have an opportunity to capitalize on this market. Home prices are more reasonable this year than they have been over the past several years! Interest rates are very good and there are many new programs available for you to get started. If you are a veteran, you can still qualify for 100% financing! Otherwise, you have to have at least a 3% downpayment. With your good credit and ability to document your current income, you will be well on you way to home ownership. So, if you are a first time home buyer or if you simply want to get a larger home for your growing family, there are plenty of motivated sellers who are anxious to sell their home to you at below market prices so they can move into their new home that they are buying at below market prices, as well. My popular Buyers Tool Kit will help you with the home buying process.
If you are a seller, let me domonstrate to you how your home needs to be marketed and get sold in less than the average market time for top dollar, because it can be done! Want a better understanding about home values where you live now? Click on MARKET WATCH, to get your finger on the pulse of your own neighborhood. My popular Sellers Tool Kit has some great resources to help you with this process.
In today's competitive real estate market, preparation is everything. If you work within my proven system, you will be prepared. Specializing in Villa Park IL real estate foreclosures, real estate that is priced well under market or is already bank owned, I have the most advanced, but very easy to use, technology available to you for reviewing those properties. For local and knowledgeable service in the Villa Park IL real estate market, contact Gary Miller directly at 630-306-2998.
Villa Park Community Information
Villa Park IL real estate is some of the best investment property available in the area. Located just 17 miles west of Chicago, Villa Park offers its 22,517 residents a small town way of life, while providing: excellent public and private schools, outstanding fire & police protection, "state of the art" paramedic service and exceptional park & recreation programs and facilities.
For example, visit the Villa Park French Market. Held every Sunday 8:00 a.m. - 1:00 p.m., beginning April 29, 2007 through October 28, 2007, the Villa Park French Market offers a wide variety of items including fresh flowers, fresh produce, hand-made soaps, pottery and more. The French Market is located on Park Boulevard, immediately west of Ardmore, by the gazebo. The French Market is accessible by the Prairie Path. Bensidoun USA, the market managers, bring vendors that sell goods that they have grown or manufactured. Come join in the fun!
At the turn of the century, an electric railway called The Aurora, Elgin and Chicago streaked across the prairie farmland. This land was owned by German farmers: the Cables, Meyers, Karnstedt and Biermanns. They had settled here in the 1850's and 1860's.
Two subdivisions sprang up - Villa Park in 1908 and Ardmore in 1910. Summit Avenue was the dividing line. In 1914, the two were incorporated as Ardmore. In 1917, the name was changed to Villa Park.
Two wealthy men, 'Colonel' J.L. Calhoun and Charles C. Heisen, figured prominently in the early development. The Wander Company of Bern, Switzerland opened its only American plant, Ovaltine, in 1917. The population boomed in the 1920's. The Aurora, Elgin and Chicago Railroad was largely responsible for the rapid growth. Professional and business people were attracted to 'country' living. Buyers of lots were given inducements of 20 apple trees or 200 baby chicks. Schools were built, churches opened, community organizations were formed and a 5¢ newspaper was introduced. Members of the Women's Club gathered books in a little red wagon for a library.
In the 1930's, when many banks closed, the Villa Park Trust & Savings Bank survived. The village grew rapidly during the post World War II period. The population soared from 8,000 to its peak of 25,000 in 1965. New churches came, businesses flourished, parks were created and a beautiful new library was built. Today, Villa Park provides a good life for its 22,517 residents. They enjoy a 'small town' atmosphere, excellent schools, outstanding police and fire protection, 'state of the art' paramedic service and exceptional recreational facilities. Transportation is good and health services are outstanding. Service clubs are very active. Villa Park residents are comfortable with a wide variety of housing and convenient shopping. An active society enabled Villa Park to have both Chicago, Aurora and Elgin Railroad stations placed on the National Register of Historic Places. Both railroad stations are located on the Illinois Prairie Path, a national Historic Trail. In 1988, Villa Park received the coveted Governor's Hometown Honorable Mention Award for their three year volunteer campaign to install ornamental memorial lighting on the Villa Park Prairie Path.
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