Everything you need to know about real estate in Burr Ridge! In this video, I discuss:
✅ Population & Location
✅ Area Amenities
✅ Burr Ridge’s five gated communities
✅ Types of properties in Burr Ridge
✅ Price points & investment value
Eric Andersen, B.A., M.Div.
Owner/Designated Managing Broker, Eric Andersen Homes
📲 Text/Call: 708.674.6725
📩 Email: eric@eandersenhomes.com
🌎 www.ericandersenhomes.com
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https://www.ericandersenhomes.com/go/home-value/
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I have a number of awards and designations, including:
⭐️ Gold, Diamond, & Platinum Sales Award (Mainstreet Organization of REALTORS®)
⭐️ 20 under 40 (Mainstreet Organization of REALTORS® class of 2021)
⭐️ Endorsed Local Provider (RamseyTrusted)
⭐️ Best of Zillow
⭐️ Pricing Strategy Advisor (National Association of REALTORS®)
⭐️ Certified Staging Consultant (Mainstreet Organization of REALTORS®)
Transcript:
Burr Ridge, Illinois, is a small village with a population of just over eleven thousand according to the 2020 US Census Bureau. I’m Eric with Eric Andersen homes. Burr Ridge, formerly known as Harvester, is located in both Cook and DuPage Counties and is about twenty miles southwest of downtown Chicago. The real estate market in Burr Ridge is known for its upscale homes and luxurious estates, making it an attractive and affluent community. Burr Ridge offers a wide variety of properties, from sprawling estates with manicured lawns and private pools to modern townhomes and condominiums. Burr Ridge has five gated communities and is one of the few western suburbs to offer this amenity. Burr Ridge’s gated communities include Falling Water, Ambriance, Burr Ridge Club, Oak Ridge Creek, & Fieldstone. Despite its affluence, Burr Ridge offers a variety of housing options at different price points, with average home values above eight hundred thousand dollars. Over the past twelve months, two hundred twenty nine homes sold in Burr Ridge, and sixty were over a million. Townhomes averaged about five hundred thousand dollars, condos about four hundred forty thousand dollars, and single family homes were over nine hundred fifty thousand dollars. The real estate market in Burr Ridge has provided a solid return on investment for homeowners, having grown by about fifty four precent over the past decade. In 2013, the median home value in Burr Ridge was four hundred seventy five thousand dollars, and today it’s over seven hundred thirty thousand dollars. During COVID, real estate in Burr Ridge appreciated by twenty-nine percent. Burr Ridge’s proximity to Chicago and its top-rated schools, parks, and shopping centers have contributed to the strong demand for housing in the area. Median market time is currently twenty-seven days, and the supply of inventory is currently below three months. Whether you’re in the market for a luxury estate or a stylish condo, Burr Ridge offers a range of options for homebuyers seeking a high-end living experience. I’m Eric with Eric Andersen Homes, a family-owned brokerage where we treat our clients like family.