Slow times for Downers Grove’s upscale market

1754 Chicago Ave, Downers Grove IL

There are 15 homes listed for sale in Downers Grove in the $1 million and up range, but only two sales have closed in the last six months.

Most of the upper-end listings have been on and off the market for years, even though they surface in a search for new listings.

The five-bedroom / 6.5-bath home pictured above, at 1754 Chicago Ave in Downers Grove, has been on the market for about a week — but was first listed for sale in February of 2009. The current asking price, $1.57 million, is $200,000 below the price at which the home was purchased in April of 2006.

The listing copy touts the property as a “screaming deal.”

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