Naperville, Illinois Real Estate

Archive for April, 2008

Naperville’s Booming Real Estate Market

Thursday, April 24th, 2008

I was reading Money Magazine a couple of years ago when I realized I’d found the perfect town to live in. Naperville, IL ranked number two on the magazine’s list of best places to live in the U.S. 

My wife and I had been looking to relocate for some time and Naperville seemed like the perfect place. My wife was an out of work biochemist at the time, because there were not enough jobs in our town. I was selling real estate, which were mainly foreclosures, so I wasn’t really enjoying my job anymore. We definitely needed a change of scenery, and Naperville seemed to be able to provide that.

Naperville was more than just a change of scenery; it was a complete change of lifestyle. Naperville is located in the Illinois Technology and Research Corridor, so my wife had no problem finding a job. She was actually offered several jobs before she accepted one working for Nalco Chemical. I also had no problem finding a job. The Naperville real estate market is booming due to Naperville’s rapid development. My wife and I bought a small luxurious single family home after our first six months, and a year later we were able to upgrade, because I was making so many sales. Naperville is the wealthiest city in the United States, and as a result it was able to avoid the credit crunch and the consequent mortgage crisis.

Many Naperville residents are building larger, luxurious multi-million dollar homes, which adds to the value of the surrounding properties. There is also a lot of commercial real estate being built to accommodate locations for large companies.

My wife and I couldn’t be happier with our choice to move to Naperville. When we were looking at moving to Naperville, we had also considered Evanston. 


The Naperville Economy is Strong and Steadily Improving

Friday, April 18th, 2008

Purchasing Naperville real estate is sure to benefit you and your family. Not only was Naperville voted the second best place in America to raise a family by Money Magazine in 2006, it also has a very strong economy. Naperville is the wealthiest city in America.

Naperville is located in the Illinois Technology and Research Corridor, which houses a number of large corporations that contributed to the population explosion of the 1980s and 1990. Naperville was one of the top ten fastest growing communities in the nation during that time. Bell Labs, BP Amoco Labs, Nalco Chemical, Nicor, Porsche Finance, Edward Hospital and Western Electric have all created many jobs for Naperville. Tellabs and Laidlaw have corporate headquarters in Naperville, ConAgra’s Grocery division offices are also located in Naperville. Also, Fermilab and Argonne National Laboratory are nearby.

A large number of the corporations in Naperville offer high paying jobs, which contribute to Naperville’s economy. Because the average salary in Naperville is way above national average, Naperville homes are also larger and more expensive than average. Naperville has many multi-million dollar homes, which makes it a beautiful place to live. Contact a Naperville real estate agent to help you find the perfect home.