Wolf County sees record housing sales despite 39% price surge and historic inventory lows
December 10, 2024 | Beecher, Will County, Illinois
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The meeting opened with a presentation highlighting the current housing market in Will County, which is experiencing historic lows in inventory. Homes are reportedly selling at a rapid pace, with prices soaring 39% above the 2019 average. This trend underscores the growing demand for housing in the area, which could have implications for future development and community planning.
In addition to housing, the board addressed the status of a fencing project for the police department. There was confusion regarding previous bids, as the project had been removed from the bidding process during budget cuts. Board members discussed whether to proceed with the existing bids or to wait for a new bidding cycle, considering the potential delays in inventory and installation. The chief of police indicated that the old bids could still be honored if privacy slats were not included, prompting further debate on the necessity and specifications of the fence.
The conversation highlighted the urgency of making a decision before the end of the calendar year, as the board expressed concern about missing out on the bids if they were not acted upon promptly. Members considered the possibility of holding a special meeting to expedite the decision-making process, ensuring that the police department's needs were met without unnecessary delays.
Overall, the meeting reflected the village's proactive approach to addressing housing demands and infrastructure needs, emphasizing the importance of timely decision-making in local governance. As the board navigates these challenges, the outcomes of their discussions will likely shape the community's development and safety measures in the coming months.
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