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Elmhurst,IL December 2011 Real Estate Market Trends

by Thomas Makinney

Elmhurst,IL December 2011 Real Estate Market Trends

Year-To-Date December, 2011 vs. Year-To-Date December, 2010, the average price in the Elmhurst Area is down 1.7%.  The YTD average price is down from $388,665 to $382,054.  As for December, 2011 vs. December, 2010, the average price in the Elmhurst area is up 33.21%, from $316,244 to $421,265 according to MRED.  The YTD median price increased 2.6%, from $311,750 to $320,000.  As of January 19, 2012, there are 344 active listings in the MLS, representing a 11.73 month supply of inventory (MSI).  Remember, 5.5 months is considered a "balanced" market by most.  Year-To-Date average Days on Market (DOM) is up from 139 in December, 2010 to 141 in December, 2011.











 

 

 

 
 
 


 

 

 

 

 

 


 

 

 

 

 

                 

 

 
 
 
 
The statistics presented in Market Tracker are compiled monthly based on figures and data generated by MRED for detached single family and attached single family properties. Due to possible reporting inconsistencies, Days on Market (DOM), average prices, and rates of change should be used to analyze trends only. Property and statistical data sourced from MLS is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.

 

2011 - A Very Good Year for The Gracik Makinney Group!

I would like to once again wish everyone in the Elmhurst area a very happy and healthy New Year. The Gracik Makinney Group, as well as Koenig & Strey Elmhurst Office, are celebrating great success in 2011 and planning for the same in 2012.

As highlighted in Chicago Agent Magazine, two members of Koenig & Strey were ranked in the top five of DuPage County’s Top 20 Agents by total dollar volume closed. I’m proud to say that Gracik Makinney Group ranked fifth, and we would like to congratulate the other agents.

In addition to maintaining the lead in the Elmhurst Luxury Real Estate market, the Gracik Makinney Group and the Elmhurst office of Koenig & Strey also ranked #1 in the Elmhurst Market Share.

 This level of achievement is no small accomplishment in these economic times.

Gracik Makinney Group’s success comes from the dedication, hard work, and commitment of our agents who give their all to help our great clients buy, sell and invest with confidence. And it also comes from the support of family and friends.

We give our heartfelt thanks to everyone who has helped make 2011 a remarkable year for Gracik Makinney Group. We look forward to the challenges and rewards of serving you in the year to come.

Come experience the confidence of working with a great company! If you’re looking for property in the Elmhurst and DuPage County area, call me, Tom Makinney, at our home office, (630) 567-5902, or check out my website.

 

Chicago-area existing home sales eke out 1.3% gain

(Tribune) Sales of existing homes in the Chicago area managed to rise 1.3 percent in 2011, with December home purchases increasing a robust 17 percent due to mild weather and record-low mortgage interest rates, the Illinois Association of Realtors reported Friday.

The city of Chicago did not enjoy an annual sales increase, however, as the 17,715 homes sold within the city was a 7.2 percent decline from 2010. In December, city home sales rose 6.4 percent on a year-over-year basis.

While sales volume showed improvement in December across the board, with many areas recording double-digit gains, median sales prices continued to slide from their year-ago comparisons, reinforcing a market that overwhelmingly benefits home purchasers. "Buyers are finding deals that are simply too good to pass up,"  said Loretta Alonzo, a real estate agent at Century 21 Alonzo & Associates in La Grange Park. "People are gravitating toward foreclosures and short sales right now and that's causing the median prices to drop."

In the nine-county Chicago area, the median price of the 6,090 homes sold in in December was $145,000, a 13.6 percent decline from a year ago. The pricing decline within the city was not as severe; the median price of $156,000 was a 6.2 percent drop from December 2010.

Some parts of the Chicago area showed dramatic improvements in demand for housing in December from a year ago. Sales volume rose 12.3 percent in
 Cook County, 15 percent in DuPage, 21 percent in Kane, 26 percent in Kendall, 20 percent in Lake, and 33 percent in Will. However, in all those cases, median sales priced declined.

"A trend nowadays is so hard to define," said Tom Krettler, a real estate agent at Re/Max United Northwest in Palatine. "You can have a one-month trend. I think there is some momentum. There's stuff going on right now. There's people who are interested in buying."

Within the city of Chicago, sales of condos and single-family homes both gained momentum last month from their December 2010 comparisons. Sales of condos posted a 5.3 percent gain, albeit with a 18.7 percent decline in the median price that brought it down to $183,000. For single-family homes within the city, sales rose 7.8 percent during the month, while the median price fell 1.7 percent from December 2010, to $135,000.

For the year as a whole, median prices declined 11.9 percent and 13.8 percent for the Chicago area and the city, respectively.  

"Until these foreclosed properties and additions expected in 2012 clear the market, sustained upward movement in prices will be unlikely,"  said Geoffrey J.D. Hewings, an economist at the University of Illinois, in a statement.

The monthly average commitment rate for a 30-year, fixed-rate mortgage in the Chicago area was 3.94 percent in December, compared with 4.8 percent in December 2010, according to the Federal Home Loan Mortgage Corp.

 

2011 – A Very Good Year at Gracik Makinney Group!


I would like to once again wish everyone in the Elmhurst area a very happy and healthy New Year.  The Gracik Makinney Group, as well as Koenig & Strey Elmhurst Office, are celebrating great success in 2011 and planning for the same in 2012.

As highlighted in Chicago Agent Magazine, two members of Koenig & Strey were ranked in the top five of DuPage County’s Top 20 Agents by total dollar volume closed. I’m proud to say that Gracik Makinney Group ranked fifth, and we would like to congratulate the other agents.

In addition to maintaining the lead in the Elmhurst Luxury Real Estate market, the Gracik Makinney Group and the Elmhurst office of Koenig & Strey also ranked #1 in the Elmhurst Market Share.

This level of achievement is no small accomplishment in these economic times.

Gracik Makinney Group’s success comes from the dedication, hard work, and commitment of our agents who give their all to help our great clients buy, sell and invest with confidence. And it also comes from the support of family and friends.

We give our heartfelt thanks to everyone who has helped make 2011 a remarkable year for Gracik Makinney Group. We look forward to the challenges and rewards of serving you in the year to come.

Come experience the confidence of working with a great company! If you’re looking for property in the Elmhurst and DuPage County area, call me, Tom Makinney, at our home office, (630) 567-5902, or check out my website.

Elmhurst Illinois Open Houses For Sunday, January 22, 2012

by Thomas Makinney

 

Address: 234 N Addison Ave

City: Elmhurst

Price: $625,000

Scheduled for: 01/22/2012 from 02:00 PM to 04:00 PM

 

Address: 454 Ida Ln

City: Elmhurst

Price: $264,900

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 282 E Crescent Ave

City: Elmhurst

Price: $338,250

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 191 Mayo Ct

City: Elmhurst

Price: $350,000

Scheduled for: 01/22/2012 from 01:00 PM to 04:00 PM

 

Address: 449 E Park Ave

City: Elmhurst

Price: $369,500

Scheduled for: 01/22/2012 from 01:00 PM to 04:00 PM

 

Address: 468 W Montrose Ave

City: Elmhurst

Price: $499,900

Scheduled for: 01/22/2012 from 01:00 PM to 04:00 PM

 

Address: 154 S Linden Ave

City: Elmhurst

Price: $499,900

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 473 W 2nd St

City: Elmhurst

Price: $539,500

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 239 W Winthrop Ave

City: Elmhurst  

Price: $550,000

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 408 Hill MLS

City: Elmhurst

Price: $599,000

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 465 S Kenilworth Ave

City: Elmhurst

Price: $659,900

Scheduled for: 01/22/2012 from 01:00 PM to 04:00 PM

 

Address: 508 S Hampshire Ave

City: Elmhurst

Price: $665,000

Scheduled for: 01/22/2012 from 02:00 PM to 04:00 PM

 

Address: 473 S Kenilworth Ave

City: Elmhurst

Price: $689,000

Scheduled for: 01/22/2012 from 01:00 PM to 03:00 PM

 

Address: 294 Berteau Ave

City: Elmhurst

Price: $799,900

Scheduled for: 01/22/2012 from 12:00 PM to 03:00 PM

 

 

Not Just Buying and Selling

by Thomas Makinney

 

The decision to purchase a property in the Elmhurst area is just the first step.  From the initial viewing of the property, to the closing, to the preparation and the final move, your decisions will have an effect on your level of satisfaction (or dissatisfaction) with the results.  It can all be a bit overwhelming.

Your real estate agent (Ahem!  That’s me!) is in a position to know where to go for the answers to all your needs.  It is in the best interest of your real estate agent to refer you to the people and companies that will make your transition as smooth as possible.  After all, if you are happy with your property, and the way the preparations to take possession went, you are a walking testimonial to the reliability of your agent.

Does your new property require updating or renovation?  We know the best (and worst!) contractors in the business.  Whether the job is waterproofing, or moving a wall, or just a cosmetic spruce-up, tell us what you need and we will put you in contact with the people who can do it beautifully, and for a reasonable price.  Perhaps the property needs landscaping, or even just a good cleaning on the inside.  Please, just ask us, and we’ll give you our best contacts.

By the same token, if you have a property to sell, and it needs preparation, we can help you find the right people for the right job.  We want your property to sell, and we want you to be happy with our handling of that property, so, again, we will send you to the best companies for your needs.  It’s a mutually beneficial service.

If you want service that goes beyond finding or selling your property, and you’re looking for property in the Elmhurst and DuPage County area, call me, Tom Makinney, at our home office, (630) 567-5902, or check out my website

 

Elmhurst Illinois Open Houses For Sunday, January 15, 2012

by Thomas Makinney

 

Address: 963 S Hillcrest Ave

City: Elmhurst

Price :$225,000

Scheduled for: 01/15/2012 from 01:00 PM to 02:00 PM

 

Address: 449 E Park Ave

City: Elmhurst

Price: $369,500

Scheduled for: 01/15/2012 from 01:00 PM to 04:00 PM

 

Address: 777 S Parkside Ave

City: Elmhurst

Price: $389,900

Scheduled for: 01/15/2012 from 01:00 PM to 04:00 PM

 

Address: 131 W Adelaide St Unit 101

City: Elmhurst

Price: $400,000

Scheduled for: 01/15/2012 from 01:00 PM to 03:00 PM

 

Address: 161 W Jackson St

City: Elmhurst

Price :$490,000

Scheduled for: 01/15/2012 from 01:00 PM to 04:00 PM

 

Address: 215 E St. Charles Rd

City: Elmhurst

Price: $599,000

Scheduled for: 01/15/2012 from 01:00 PM to 03:00 PM

 

Address: 465 S Kenilworth Ave

City: Elmhurst

Price: $659,900

Scheduled for: 01/15/2012 from 01:00 PM to 04:00 PM

 

Address: 593 W Comstock Ave

City: Elmhurst

Price: $839,500

Scheduled for: 01/15/2012 from 01:00 PM to 03:00 PM

 

Address: 360 Prospect Ave

City: Elmhurst

Price: $889,900

Scheduled for: 01/15/2012 from 01:00 PM to 03:00 PM

 

Address: 687 Fairview Ave

City: Elmhurst

Price :$949,900

Scheduled for: 01/15/2012 from 01:00 AM to 03:00 PM 

Joe Newton – Elmhurst’s Very Own Legend

by Thomas Makinney

The YouTube video featured below begins with a voice over, and then a cameo shot of York High School’s legendary cross country and track coach, Joe Newton.  Newton began coaching at the Elmhurst school in  1960.  At 82 years young, he’s still going strong.
 

Newton is one of  those “ordinary” people who become bigger than life.  He has won 27 Illinois state cross country titles and one track state title.  He is famous for his motivational talks, and has written four books in that vein.  He was the subject of a feature-length documentary movie, THE LONG GREEN LINE.  His list of accomplishments probably could fill yet another such movie.

Joe Newton was the first high school coach to be on the coaching staff of the U.S. Olympics team.  In the 1988 games in Seoul, South Korea, he was the assistant manager in charge of the marathon runners.  He is also enrolled in 12 halls of fame, including the National High School Hall of Fame.

One of the reasons for his success is that he truly believes that he is not just training athletes to win races.  He is training future successful adults.  Here’s the way he puts it:  “A person can have some talent and some character and have the chance to succeed. But, if he has tons of talent and no character, he will fail.”  He also says, “It’s nice to be great, but far greater to be nice.”  He won’t tolerate a “super star” that forgets he is part of a team.

http://www.youtube.com/watch?v=-PhqbizZXf4&sns=em

If you want to run on Joe Newton’s team, you’d better have perfect attendance and punctuality.  He won’t accept excuses.  Neither will he listen to alibis for under-performing.  He says, “Your mind can make you train, your body can create power, but only your heart can make you a champion.”  The simplest one is, “However fast you are running, run faster.”  How can you argue with logic like that?

If you are interested in living in a community that has such a wonderful high school coach, Elmhurst may be the place for you.  If you’re looking for property in the DuPage County area, just call me, Tom Makinney, at our home office, (630) 567-5902, or check out my website

 

 

 

Elmhurst Illinois Open Houses For Sunday, January 8, 2012

by Thomas Makinney

 

Address: 682 Spring Rd

City: Elmhurst

Price: $229,000

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 954 S Swain Ave

City: Elmhurst

Price: $279,900

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 496 N Howard Ave

City: Elmhurst

Price: $279,900

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 801 S Fairfield Ave

City: Elmhurst

Price: $314,900

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 144 S Berkley Ave

City: Elmhurst

Price: $339,000

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 425 E May St

City: Elmhurst

Price: $459,900

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM

 

Address: 161 W Jackson St

City: Elmhurst

Price: $490,000

Scheduled for: 01/08/2012 from 01:00 PM to 04:00 PM

 

Address: 508 S Hampshire Ave

City: Elmhurst

Price: $665,000

Scheduled for: 01/08/2012 from 02:00 PM to 04:00 PM

 

Address: 757 S Berkley Ave

City: Elmhurst

Price: $744,900

Scheduled for: 01/08/2012 from 02:00 PM to 04:00 PM

 

Address: 294 Berteau Ave

City: Elmhurst

Price: $799,900

Scheduled for: 01/08/2012 from 12:00 PM to 03:00 PM

 

Address: 687 Fairview Ave

City: Elmhurst

Price: $949,900

Scheduled for: 01/08/2012 from 01:00 PM to 03:00 PM 

“Click It” In Elmhurst, Even In the Back Seat!

by Thomas Makinney

     

Click it or Ticket

A new law went into effect in Illinois on January 1, 2012 that requires adults riding in the back seat of a car to wear a seatbelt. 

Passed iJune, but becoming effective on January 1, House Bill 219 requires all passengers in a vehicle to buckle up or risk a $25 fine.  Though most people killed in accidents are front seat passengers, 64% of back seat passengers do not wear belts, which make them subject to head, chest, and abdominal trauma in an accident.  According to Naperville Police Chief David Dial, “Anything that’s not tied down in a car, including people, has to come to an abrupt stop when there’s a crash ... There is no doubt that when there are people in a car and the car comes to a stop, they go forward.  I personally would not even think of riding in a car, in any seat, without having a seat belt on.”

The law is considered a “primary offense” which means that officers can pull over a car where the adults are not wearing their belts.  Because of the way the seat belts are designed, police can see if the shoulder strap of the belt is not fastened.  Whether police will seek out seat belt violators or enforce the law in a passive manner (only ticketing those discovered not wearing a belt when stopped for other violations such as speeding) remains to be seen. 

There are just a couple of exceptions to the law.  Authorized Emergency Vehicles are exempt, as are vehicles with “medical exemptions.”  Taxis are exempt, unless you are 18 or under, and riding in one for school purposes.

In Elmhurst, as in other parts of the state, reaction to the new law is mixed.  Is the law requiring adult backseat passengers to buckle their seatbelts justified as it will save lives, or is it an encroachment on their freedom?

Some people think it’s unreasonable to require passengers to buckle up while not requiring helmets for motorcyclists.  Still others think it is a further development of what they term “the nanny state” and that it will only lead to more restrictive legislation.  Finally, there are those who think that the resources of the state and municipalities would be better spent hunting and prosecuting criminals rather than peeking into cars to see that everyone is “snug as a bug.”  Whatever your opinion, it’s now the law – “click it or ticket”.

If you like a lively debate on the issues, Elmhurst may be the place for you.  If you’re looking for property in the DuPage County area, just call me, Tom Makinney, at our home office, (630) 567-5902, or check out my website

 

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