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Home Ownership Preparation :: Shorewood Real Estate
Shorewood Real Estate:
A Guide to Real Estate in Shorewood, IL
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Because Shorewood is an idyllic small village within an hour's drive from Chicago, the Shorewood real estate market grew rapidly between 2000 and 2008.
However, with the recent downturn in the national housing market, home values in Shorewood, IL were also hit hard. That said, this resort community could be making a major comeback.
To learn more about the community itself, housing values and more, keep reading.
The Shorewood Population and Community
In 2000, the population of Shorewood was 7,686. In 2006, that number had grown to 13,822. The area is clearly growing quickly as more homes go up, retailers are coming in and the area is rapidly developing. While some residents welcome the new facilities, others pine for the once-small feeling of old Shorewood.
The village is just 40 miles from downtown Chicago, making it a popular residence for commuters who want to get out of city living. However, there are currently no rail transit links to Chicago, but Shorewood is in the process of building a commuter rail station. In the meantime, new residents should be prepared to fight the traffic on a daily basis.
Thanks to its idyllic setting and predominantly high-income residents, the village of Shorewood is one that's heavily invested in outdoor activities like hiking, biking, climbing and golfing.
The region is home to the 45-acre Four Seasons Park and the incredible 305-acre Hammel Woods Preserve. The school system is also one of the best in Illinois, reflecting the emphasis placed on education.
Shorewood Real Estate Values
Because Shorewood originated as a resort community and getaway for wealthy Chicago citizens, the village is home to a number of high-end and luxury residences. The median income is an impressive $80,000 and the housing prices reflect that.
The median home value hovers around $260,000. However, many new executive homes range in price from $290,000 to $400,000. Shorewood real estate values did fall in early 2008, however, they're currently leveling off and remaining steady.
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Home-Ownership-Preparation.com :: Shorewood Real Estate