Sunset Developers New Showroom

Sunset Developers in Warrenville hosted a Chamber of Commerce After-Hours event last night to show off their new showroom at 3s523 Batavia Road yesterday. Sunset is run by the brother & sister team of Bill and Grace Langford. Bill has been doing remodeling and improvements for quite a while, and has also built several homes, including the castle at 3s510 Mignin Avenue here in Warrenville.

Bill Langford, Mike Hale, Grace Langford

The showroom currently has 37 different styles of cabinets, countertops and backsplashes. What’s unique here is that you can mix and match all of them (not just a small sample piece!) right in the show room to see how they work together. In fact if you have tile already they can even create a sample backsplash for you.

Their focus is mainly on kitchens and baths, but they’ll do many other types of home improvements as well. Stop by the showroom when you have a chance and welcome them to Warrenville!

March 2009 Market Statistics for Warrenville

March saw a very slow Warrenville real estate market with only three homes sold priced from $172,900 to $211,900. (Median sold price: #203,900).

In March of last year 14 homes were sol d at a median price of $213,500. That’s a 78.5% drop in sales and a median price drop of 4.5%. Average Market Time increased 20% from 140 days in Mar 08 to 168 days in Mar 09.

Today there are 20 homes under contract with an average list price of $166,605, and another 150 active listings in Warrenville with an average list price of $277,344. An average of 9.8 homes sold in each of the last 12 months. With 150 active listings, that gives Warrenville 15.25 months supply of inventory.

These numbers aren’t pretty by any means, especially for sellers, but with mortgage rates still near historical lows, and the $8,000 First Time Homebuyer’s Credit, this is a very good time to be a buyer.

While the steep drop in sales when compared to March 2008 looks pretty scary, remember that Warrenville on average the last 12 months sold 9.8 homes, so the percentage is going to be larger because of the smaller number of homes sold each month.

It remains to be seen what effect the government’s bailout and stimulus plans will have on the housing market, and the economy in general, but many economists are still predicting an end to the recession later this year, with growth beginning in 2010.

* Data according to MRED MLS (which may not include FSBO sales)