From Mike McCurry’s Real Estate Column in the Willowbrook Post April 3, 2015
Incorporated in 1960, Willowbrook
has always been a fantastic place to live. But these days, it seems that things just keep getting better. First, there was the Willowbrook Town Center, with its plethora of restaurants, stores, and shops. Then, February saw the christening of a new Village Hall. A newly expanded police station is in the works, and there is even a community center on the horizon! The old Kmart site being developed for Pete’s Fresh Market
is just another positive confirmation that businesses
want to be in Willowbrook. One thing’s for sure: there’s a lot of change and excitement happening in this town!
Of course, this isn’t just good news for current residents. These new developments are encouraging homebuyers to consider Willowbrook as well. Consumers purchase homes based on location and proximity to major transportation routes and because of the excellent schools, and Willowbrook has all of these traits in spades. And even more, homes are selling now because of Willowbrook’s vitality and its ability to transform and repurpose its vital assets into the necessary conveniences that consumers demand. Thanks to this rich environment, the outlook for home values is on the rise and very positive.
But don’t take my word for it; the statistics speak for themselves. There were 83 homes sold within the last 12 months, and there are 70 single-family homes currently on the market in Willowbrook. Of those 70 properties, over 20 percent (15 homes) are under contract from buyers! One might deduce that if the current market is anything like the past, the inventory will be rotating at a pretty good pace. A further look at the data shows that a bulk of the homes (15) sold between $600,000 and $700,000, and there were four properties that sold between $1 million and $3 million! (I know because your humble author represented three of the parties in those transactions!)
As for the condo and townhome market, there are 83 properties currently on the market, and of those, 30 are under contract (36 percent). 183 of those types of properties sold within the last 12 months. These are signs of a very healthy multi-family market. We are seeing many baby boomers downsizing from neighboring villages and choosing Willowbrook as a great place to live. And that’s good news for you; this demographic increases the number of daytime dwellers who shop, volunteer, and bring their gifts and valuable talents to the community. This is a win-win for all!
With all of the exciting new developments around town, it’s no surprise that the real estate outlook is very positive. From single-family homes to townhomes to condos, I’m thrilled to be able to play an important part in that growth. Whether you’re a long-time resident or are checking out this well-guarded secret for the first time, I look forward to helping you make Willowbrook a place you’re proud to call home.