February 2023 WSP Newsletter

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Wenzel Select Properties Newsletter-Vol 13 Issue 2
(630) 430-4790 team@wenzelselectproperties.com www.wenzelselectproperties.com
Congratulations, Lisa!


Lisa Wenzel is now a
Certified Luxury Home Marketing Specialist!
This designation is earned by institute members with documented sales performance in the top 10% of our local market.


“It’s typical to see fewer transactions during the winter and January was no exception for the Illinois housing market, said Illinois REALTORS President Michael Gobber. But right now, both buyers and sellers still have opportunities to capitalize on the low number of homes for sale. Sellers currently have less competition with inventory still being at a low level. Now that interest rates and prices have both leveled off, buyers can take advantage of a less frenzied market, compared to the last two years.


WSP Around Town


Lisa, Melissa & friends enjoyed an evening at the Caliber Home Loans – Downers Grove office for their post holiday/2023 Kickoff Party. Thanks Freddy Wenzel for having us.

The new Kiwanis Club of Downers Grove was featured in a recent issue of the Downers Grove Living Magazine. Members of WSP have already started participating in charitable events & functions!

Lower Mortgage Rates Could Help Declining Home Sales


For the 10th consecutive month, existing-home sales have declined, according to the National Association of Realtors (NAR). In November, every sales region in the country reported both month-over-month and year-over-year declines. This level of sales activity was last seen in the country in 2020, when COVID-19 led to economic lockdowns. According to Lawrence Yun, chief economist for NAR, November’s sales declines… Read More


Check Us Out!
Click the Links Below and Visit Us Online!
Want to Know What Your Home is Worth?

Featured Testimonial

by Chris & Jenni


I was referred to Lisa and the second I talked to her I knew she was the right person. She was so personable and friendly I felt like I have known her for years. She is so knowledgeable about real estate and one thing I like about Lisa is she tells you the TRUTH and gives her opinion about the market when other brokers just want to make a sale. The purchase of our first home was seamless. We didn’t know where to start and she gave us direction step by step. She works with a great team of people that made everything not so stressful and enjoyable. That is very hard to find. I have already and definitely will recommend Lisa to family and friends and will use her in the future. I think that says a lot!! Thanks Lisa, You are the BEST!!


January Happenings


Congratulations to
The Cross Family
on the sale of their property!
Thank you for allowing WSP to assist you with your most valueable investment.
Lisa M. Wenzel
Managing Real Estate Broker

Small Changes Can Add Up to Big Energy Savings


Energy prices are up, and they show no sign of moving downward any time soon. It’s a smart idea to reduce your electricity usage in any way you can to lessen the impact of higher prices. These tips might not make a huge difference individually, but combined, they could shave a welcome amount off your bills.

Lower Lighting Bills
Leaving lights on in empty rooms is a total waste of power. Installing motion detectors is a smart way to keep areas well lit when people are present and save electricity when lighting is not necessary. Installing dimmer switches… Read More

Smart Ideas for How to Store Your Extra Bathroom Items


Along with its daily use, the bathroom comes with a lot of stuff towels, hair products, and more. Most bathrooms aren’t equipped with efficient storage, so utilizing available space is key. Try these ideas:

Do-It-Yourself Storage Solutions

  • Install a wall cabinet. This can be placed over the toilet in a small space or on any convenient wall that puts bathroom items within easy reach.

  • Crate shelving serves up chic and effective storage, especially when it’s hung on the wallRead More

Home Sellers Need Help from Real Estate Professionals for Accurate Pricing


A quick internet search will reveal dozens of automated valuation modeling(AVM) sites that promise to tell you how much your home is worth. These AVMs use statistical modeling techniques that value your home by comparing it with the price of similar-sized homes that have recently sold in your area. Using proprietary software, AVMs crunch publicly available numbers from the multiple listings service and combine this… Read More

Four Reasons Today’s Market Is Different from the 2008 Housing Crisis


Today’s housing market is very different from the 2008 housing crisis. At the NAR Real Estate Forecast Summit, NAR Chief Economist Lawrence Yun highlighted the four key reasons why home prices are expected to remain steady in 2023.

Job Market
During the last recession, 8 million jobs were lost in just one year. However, in the current labor… Read More

Featured Listings

310 Sheridan Dr. 2C Willowbrook, IL
2 bed, 2 bath, garage, private laundry, all updated!

323 E 18th St. Lockport, IL
2-Flat, large lot, great space throughout!

2616 E Walnut Ct. Woodridge, IL
4 bed, 4.1 bath, 3 car garage, finished basement, DGN district!

2700 W Belmont Unit 408
Chicago, IL

2 bed, 2 bath, 1 garage space, elevator building!
Designated Managing Broker: Lisa Wenzel – 630 430-4797
Broker: Melissa Mathis – 630 392-5171
Broker: Danny Reed – 708 703-4653Broker: Catherine Lopez – 630 981-4572 
Broker: Eumeka Aguado – 847 513-4433
Broker: April Stary – 630 962-4820Broker: Harmanpreet Singh – 630 440-1578
Broker: Becky Brand – 815 954-5647 
Team Wenzel, 1120 Norfolk Street,
Downers Grove IL 60516
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.

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