With the sudden shift of the economy turning upwards, the inventory of homes for sale in Naperville has slowly been creeping downwards. However, I just received word from a friend of mine who has been in the mortgage business for the past 12 years that mortgage rates are the lowest that he has ever seen.
So why would you want to consider living in Naperville? Perhaps it is because they have the number one library system in the nation. Both the high schools and North Central college are schools that are sought after by parents and students seeking to excel. Maybe because these schools also excel in sports.
Naperville is sandwiched between a few towns, including Aurora, Lisle, Plainfield, and Warrenville. At about 30 miles west of Chicago, you could make a quick drive to the city for shopping or a quick ballgame or to see hockey. If you work in Chicago we are talking about a 40 minute express train to the city.
Naperville has approximately 145,000 residents. Like most areas of the country, Naperville was hit with the recent downturn in the economy over the past 5 years as well as the real estate market as a whole which tumbled. Because of that, you can find some very affordable homes for sale in Naperville, whether you are looking for an investment property or a place to call home. With over 800 properties on the market at this time, you can find condominiums below $100,000 as well as homes at the $3,000,000 plus level.
I have one final recommendation and that is to call a Naperville realtor. Let someone who actually lives in the city and knows the city, be the one to show you Naperville. Within 30-45 days you could be calling Naperville your home. Better yet, at these rock bottom prices, you could possibly be looking at the best investment of your life.