Want to know which of the western suburbs is the sexiest? Or which suburb would make Donald Trump the proudest? Have a look at my September, 2022 western suburbs market update for answers to these questions and more!
These awards are proudly brought to you by:
✅ Donald Trump
✅ Jimmy John’s
✅ Aesop
✅ Harry Styles
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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
I have a number of awards and designations, including:
⭐️ Platinum 2021 Top 1% Sales Award (Mainstreet Organization of REALTORS®)
⭐️ Top 3 REALTOR® in Brookfield, IL (2021)
⭐️ 20 under 40, class of 2021 (Mainstreet Organization of REALTORS®)
⭐️ Gold 2020 Top 3% Sales Award (Mainstreet Organization of REALTORS®)
⭐️ Endorsed Local Provider (RamseyTrusted)
⭐️ Best of Zillow
⭐️ Pricing Strategy Advisor (National Association of REALTORS®)
⭐️ Certified Staging Consultant (Mainstreet Organization of REALTORS®)
Transcript:
Today, we’re looking at some of the top western suburbs in Chicago and handing out awards. I’m Eric with Eric Andersen Homes, and the idea here is to have a little bit of fun while learning about what’s going on with the real estate market in Chicago’s western suburbs. So, without further ado, first up is the Donald Trump capitalist award which goes to Burr Ridge. Despite the political-sounding name of this award, I think it’s one that both side of the homeowner aisle will appreciate since they can take to the bank. Over the past year, home values in Burr Ridge have increased by twelve point two percent, to a median sale price of $725,000 up from $646,000. So congrats to Burr Ridge. As a point of reference, Hinsdale’s home values appreciated eight point six percent during this same time period, Downers Grove was up five point one percent, and Oak Brook dropped by three point four percent. So if you’re looking to sell, Burr Ridge offers the most opportunity to cash in, while buyers may actually get a slight discount in Oak Brook. Our next award is brought to you by Jimmy John’s, and this is the “freaky fast” award, which goes to Downers Grove. If you’re looking to buy in Downers, you’d better not blink, because homes are selling with a median market time of only eleven days. That’s half the time of second-place Hinsdale at twenty two days. Burr Ridge came in third place at twenty three days, and poor Oak Brook is again in last place at thirty five days. But if you love Oak Brook, never fear, for they are the recipients of our next award, the tortoise and the hare. Oak Brook has seen the greatest percentage increase in year-over-year closings, up seven point three percent from two hundred thirty three at this time last year to two hundred and fifty. And while Burr Ridge, Hinsdale, and Downers Grove had more closings over the past year, the percentage of closings in each of three markets has declined. Hinsdale is down by about eleven percent, Downers by thirteen point five percent, and Burr Ridge by over fifteen percent. So while Oak Brook has lagged behind in home values and market time, they are the only of these four markets that have seen an increase in closed sales over the past year. Finally, we have the Harry Styles sexiest suburb alive award, and that goes to Hinsdale. Quick note, this award is named for Harry Styles because when I googled ‘sexiest man alive’, Harry Styles is the first name I saw. No disrespect to Chris Hemsworth, Tom Brady, or Ryan Reynolds, who also came up. Hinsdale wins this award because their homes are selling after the fewest number of showings, which is the real estate equivalent of a date. Hinsdale’s homes are going under contract after thirteen showings. Interestingly enough, we have a three-way tie for third,with Burr Ridge, Downers Grove, and Oak Brook’s homes all getting a median number of sixteen showings before getting a buyer to say ‘I do.’ I hope you’ve found this video interesting and helpful. For more on the real estate market in Burr Ridge and the western suburbs of Chicago, subscribe to my channel or reach out to me anytime, you can find my contact information in the video description, below. I’m Eric with Eric Andersen Homes, a family-owned brokerage where we treat our clients like family.