One of Illinois' most coveted vacation, second-home and primary home locations, Lake Zurich offers a lot, say local Realtors.
"Lake Zurich is located 37 miles from the Loop," says Realtor Jan Moen. "It has a resort-like feeling with all the amenities of a growing community. Lake Zurich was originally the home of the Potawatomi tribe. Settlers were drawn to the area in the 19th century. With the influx of settlers the village grew to become a posh resort for the Chicago's elite. Lake Zurich is a privately owned 250-acre lake which is considered to be one of the state's cleanest waters. It is great for fishing, sailing, boating, water skiing, swimming, etc. The village has a 47-acre park with beaches and boat rentals! There is a great park district with football, baseball, soccer, and poms! The Lake Zurich Flames football team takes great care in teaching football skills starting with its flag football teams on up. Go Flames!"
About the market, Moen says, "Residential areas are dominated by single-family homes. The resort homes close to the Lake are the city's oldest. Most of the villages homes are less than 35 years-old. There are numerous subdivisions to choose from. Also several new communities have begun over the past five years with a new subdivision beginning on the west side of Quinten Rd, south of Highway 22. All children attend district 95. The Edens Expressway (I-94) and the Tri-State Tollway (I-294) make it a 45-minute ride into the Loop. O'Hare Airport is 25 minutes away, while Midway is an hour's drive. Rail service is located about 10 minutes away in Barrington. Housing prices range from the mid $200's-600"s."
"Interest rates are down slightly over the last few weeks which continues to keep the market active with new homes on the market and active buyers," says Realtor Ray Mullen, "The population of the area continues to grow with new residents moving in every day. Even though sales are slightly behind last year's record pace, activity is still very high. Well-maintained homes with proper pricing are selling quickly. Prices are up slightly since the beginning of the year, but less than the increases in the 2004 spring market. The forecast for economic growth remains strong through this year, and there is no time like the present to buy a new home or sell your existing home. The complexity of a real estate transaction grows every day and you deserve the best advice and service possible. I can help guide you through all of the important decisions and bring experienced, professional assistance to the process of buying or selling a home."