Recent sales in Burr Ridge’s Falling Water gated community have been very strong. Over the past two years, homeowners have seen equity gains averaging 40 to 60%, with some longtime owners more than tripling their property values.
Falling Water remains one of the premier luxury markets in Burr Ridge. Long-term appreciation has rewarded many owners, while renovations and updates have helped others capture top dollar. If you’re thinking of selling or buying a home in Burr Ridge or the western suburbs, please reach out using my contact information, below
Eric Andersen, B.A., M.Div.
Owner/Designated Managing Broker, Andersen Realty Group
📲 Text/Call: (708) 766-8519
📩 Email: eric@eandersenhomes.com
🌎 https://www.ericandersenhomes.com
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Transcript:
Recent sales in Burr Ridge’s Falling Water gated community have been very strong. Over the past two years, sellers have enjoyed significant equity gains and have been closing at record sale prices.
One home purchased in 2005 for just over half a million recently sold for $1.85 million. Another, bought in 2003 for under $300,000, recently closed at just over $2 million. Results like this highlight just how strong the Falling Water market has been.
And while those sellers have benefitted from decades of appreciation, even those who have bought and sold more recently have also enjoyed strong gains. A home purchased in 2017 for $870,000 recently sold for $1.5 million. Another, bought in 2021 for $1.25 million, sold for $1.72 million.
On the whole, equity gains in Falling Water have averaged between 40 and 60 percent, with some longtime owners seeing their property values more than triple. That balance of steady long-term appreciation and strong short-term returns indicates the strong investment value of homes in Falling Water, which is one of Burr Ridge’s premier gated communities.
The amount of equity a homeowner gains depends on several factors. Simply owning the home for a period of time can add considerable value. For others, renovations and updates helped their homes stand out and command a premium. In both cases, the strength of Falling Water as a luxury market has been undeniable.
Falling Water continues to deliver excellent returns for its homeowners, whether over decades or just a few years. If you’re thinking of selling in Burr Ridge or the western suburbs, please reach out using my contact information, below. I’m Eric with Andersen Realty Group, a family-owned brokerage where we treat our clients like family.