Naperville Home Prices

Naperville homes have not been immune to the current lack-luster real estate market.

I took a bit of an off-route home today due to the never ending road construction plaguing what seems like EVERY road in DuPage County.  My route led me down a meandering road not far from downtown Naperville.  I drove past a home that my wife (at the time) and I had once dreamed of buying (dreamed in the spirit of stark futility).  It must have been nearly ten years ago that we saw the house.

I remember she and I looked up the newly-constructed home on to have a chuckle (downtown Naperville homes were way out of our range).  I don’t recall the exact price, but I do remember that the home was priced just over one-million dollars (and in comparison to some of the other homes in the area, it was a steal at the time).  Being that my wife and I were just starting out and had nowhere near the ability to purchase the Naperville home, it was just a silly little dream.

Well, today, I drove past that very same house and saw a “For Sale” sign in the front yard.  Much has changed since the last time it was on the market.  naperville homes for saleI am now divorced (long, unnecessary tale) and my financial situation, though not super-terrific, has improved substantially.  I pulled off on a side street and went to grab one of the fliers from the box on the “For Sale” sign.  My jaw dropped.

Clearly, no home in DuPage County is immune to the sour turn the real estate market has taken, not even Naperville homes.  This nice Naperville home that was once priced at over one-million dollars, was now on the market for $625K.  Wow!  That has to really sting for someone.

Unfortunately for me, though my financial situation has improved, it hasn’t improved THAT much.  I really don’t have the need for that much space anyway.  Perhaps in ten more years there would be a reason for me to look at that house again.  But by then, this $625K Naperville home, will probably be back over one-million dollars.  It’s nice to dream.