Elmhurst real estate news & market updates

Featured Listing

Featured Listing

For Sale: $765,000

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July 2015 Elmhurst Real Estate Market Update!

Elmhurst Market Statistics for July

Prior 12 months property sales increased from 564 in 2014 to 622 in 2015.  July 2015 property sales vs July 2014 property sales increased from 49 to 59 homes sold. Prior 12 months average sales price increased 8.4%, from $456,736 in 2014 to $495,311 in 2015.  The July Average Sales Price increased 8.2%, from $474,594 in July 2014 to $513,660 in July 2015. The July 2015 vs. July 2014 median price increased 7.9%, from $380,000 to $410,000. The July Average Days on Market (DOM) decreased from 79 in July 2014 to 78 in July 2015.

The July 2015 MSI of 4.37 months was at its lowest level compared with July of 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. Remember, 5.5 months is considered a “balanced” market by most.

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%, the more of a Buyer's market exists; a ratio at or above 100% indicates more of a Seller's market. The July 2015 Selling Price vs. List Price of 94.8% decreased .2% from 95% in July of last year.


District 205 Lands Elmhurst Another Top 10 Spot!

District 205’s most recent Report Card is one to proudly display on the Illinois Refrigerator!

With perfect and near perfect scores in every category from Teachers, Facilities, Food, Sports & Fitness, Health & Safety, it is no surprise why 205 is such a highly coveted district.  

The “A+” district ranked #10 in IL boasts extracurricular clubs of every variety to engage its students, as well as top-notch facilities and programs throughout its thirteen schools.

With a highly experienced, newly appointed Superintendent, District 205 aims to top all charts with its scholastic accolades and overall successful body of Elmhurst students. Teachers and community members alike are constantly striving to raise the bar and elevate our future leaders of Elmhurst, and District 205 is a sterling example of the effort and investment in our future.

 

Tips for Sellers

When preparing your home for sale, a number of simple cosmetic changes often provide the biggest return on investment. Here are three tips to upgrade your house without breaking the bank:

Bring in the light. The right light creates the right mood. Adding lights to dark rooms can make your home feel warm and inviting. Bring outdoor light inside by opening curtains and installing economical suntubes.

Create Space. Many of today's buyers are looking for open rooms. Consider removing unwanted walls to make your home feel more spacious. Buyers will often pay a premium to get a bit of extra room.

Replace Flooring. Get rid of that old carpet in the den and replace it with today's newer hardwoods and laminates. You don't have to spend a lot to make a big impression!

These simple tips can help you sell your home and take advantage of today's market. Please contact us if you have any questions about selling your home. We are here to help!

 
   
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