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Elmhurst Illinois Open Houses for Sunday, December 2, 2012

by Thomas Makinney

Address:15W629 Grand Ave

City: Elmhurst

Price:$149,900

Scheduled for: 12/02/2012 from 01:00 AM to 03:00 PM

 

Address:895 York St

City: Elmhurst

Price:$239,900

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

 

Address:566 Comstock Ave

City: Elmhurst

Price:239,900

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

 

Address:322 N Oaklawn Ave

City: Elmhurst

Price:$350,000

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

 

Address:530 N Evergreen Ave

City: Elmhurst

Price:$659,900

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

Address:699 S Washington St

City: Elmhurst

Price:$679,000

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

 

Address:392 N Maple Ave

City: Elmhurst

Price:$699,900

Scheduled for: 12/02/2012 from 01:00 PM to 03:00 PM

Confidence is Building Here in Elmhurst

by Thomas Makinney

The National Association of Home Builders recently released their Housing Market Index report for November showing a solid increase in builder confidence for the seventh consecutive month. It now stands at 46, a five-point gain from last month. This is great news for communities across the nation as well as for us here in Elmhurst.

The NAHB Housing Market Index measures builders’ perceptions of both current single-family home sales as well as expectations of sales for the next six months. It also looks at the rate of traffic in prospective buyers that builders are experiencing. After combining these ratings, an adjusted index is produced showing the rate of confidence the builders have in the market overall.

In November’s report, two of the three indexes registered gains. The factor rating current sales conditions showed the largest increase – an eight-point gain to 49, its highest mark in more than six years. The factor measuring sales expectations for the next six months remained above 50 for a third consecutive month, notching up a two-point gain to 53. The factor measuring traffic of prospective buyers stayed unchanged at 35, though it had posted a five-point gain in October.

NAHB Chairman, Barry Rutenberg, a homebuilder from Gainesville, FL stated, "Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the country." He adds that with these improving conditions as well as continued low mortgage interest rates, many buyers who were undecided are becoming more and more motivated to purchase a new home.

Even though builders’ confidence rates are still somewhat tentative – not yet solidly above 50 at which an equal number of builders view the market as both good and poor – they are showing consistently strong upward trends from month to month. At this time last year, the HMI stood only at 19. Some conditions still present difficulties for the market such as tight lending conditions for both builders and buyers, but overall confidence is definitely on the upswing.

For Elmhurst, this means that now is one of the best times in recent memory to get into the real estate market, and the Gracik Makinney Real Estate Group can help you make the most of this trend. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home ownership in Elmhurst. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902. Please note also that we are moving in early December to 210 N. York Rd., Elmhurst.

November Newsletter

by Thomas Makinney

As of October 2012, Elmhurst YTD sales are down 9%, from 922 to 839 homes sold. Year-To-Date October 2012 vs. Year-To-Date October 2011, the average price in the Elmhurst Area was down 1.49%. The YTD average price was down from $384,152 to $378,429. The YTD median price decreased 9.48%, from $320,000 to $303,500. As of November 24, 2012 there were 321 active listings in the MLS, representing a 7.35-month supply of inventory (MSI). Remember, 5.5 months is considered a "balanced" market by most. Year-To-Date average Days on Market (DOM) were up from 132 thru October 2011 to 141 thru October 2012.

MARKET SUMMARY - ELMHURST

  New Listings / % Change Closed Sales Avg. Price / % Change Median Price Days on Market
October 2012 66 / -4.35% 47 $359,774 /11.64% $311,500 137
October 2011 69   27 $322,254   $293,250 138
Year-To-Date 2012 839 /-9% 439 $378,426 /-1.49% $303,500 141
Year-To-Date 2011 922   369 $384,152   $320,000 132

 

 

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.

 

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The Home Energy Savings Program is a joint program of Nicor Gas and ComEd that makes it easy for you to improve the energy efficiency and comfort of your home. We provide comprehensive Home Energy Assessments to identify promising energy-efficiency upgrades, and then provide instant rebates and prequalified contractors to help you complete the recommendations.

If you like, we’ll even install some simple energy-saving products during the assessment. Currently assessments are only $49 and offer services that could cost as much as $500* elsewhere (promotional price valid while funds last).

Benefits include:

  • Instant rebates of 70% up to $1,750 when you complete recommended energy-efficiency improvements such as insulation and air sealing.
  • Free installation of up to 10 CFLs, high efficiency faucet aerators and shower heads, hot water and cold water pipe wrap
  • Installation of a programmable thermostat, if desired, at a discounted price of $22.62.
  • A customized Home Energy Savings report detailing ways to save up to 20%† on your energy usage.

read more here!

 

Join Us!

The Gracik Makinney Group is looking to hire a new agent. If you are talented, motivated, and aspire to be part of something great, we're Elmhurst's fastest growing real estate group, and we need you!

We offer a good workplace and positive culture in order to be most productive. We invite you to contact us today for further information.

 

Lighting Up Elmhurst's Winter Nights

by Thomas Makinney

Throughout human history, we’ve found ways to light up the long winter nights, and we’ve created sparkling traditions and customs in the process. For the next several weeks here in Elmhurst, we can enjoy dazzling events that light up the season.

The Museum of Science and Industry began a holiday tradition in 1942 with just one tree dedicated to the Allies of World War II. Today, Christmas Around the World & Holiday of Lights includes a 45-foot tall Grand Tree with more than 30,000 lights and 1,000 ornaments. The event also features 50 smaller trees representing various cultures and holiday traditions from all around the world. Stroll through the trees with intermittent falling “snow” and take in special performances on the Holiday Stage. School choral groups will perform during the week, and ethnic song and dance performances will take place on the weekends throughout the exhibit, which runs from 9:30 a.m. ‘til 4:00 p.m. November 15 through January 6.

The Lincoln Park Zoo presents Zoo Lights throughout the zoo grounds beginning on Friday, November 23 and continuing every Friday through Sunday until December 26. From then, the lights will stay on every night until January 6. In addition to an amazing display of lights, this annual family-oriented event will also offer holiday crafts and activities, animal encounters, 3D displays, live ice carving, carousel and train rides, and a musical light show. Santa will also be on hand for photos until December 23, and the first 1,000 attendees each night will receive holiday specs.

The John Hancock Observatory offers Santa in the Sky every weekend from November 17 through December 24. Featuring Santa and his seasonal helper, Observatory mascot Seemore Miles, the event also includes face painting, holiday activities, free family photos, and one free child’s ticket to the Shedd Aquarium. The cost is free with admission to the Hancock.

Right here in Elmhurst, the Park District invites the public to the annual tree lighting at Wilder Park, and also to “join the holiday spirit in an old-fashioned celebration.” From 6 – 8 pm on December 6, participants can decorate a holiday tree of their choice in the park. Pre-registration is required for decorating; go to the Wagner Community Center (630-993-8901) to select your tree and register. On the night there will be entertainment, treats, and a visit from Santa. The district will also be collecting non-perishable food items for the local pantry.

Elmhurst’s location as a suburb of Chicago gives us the best of both worlds. We enjoy the benefits of both a vibrant metropolitan lifestyle and a small city’s sense of community. The Gracik Makinney Real Estate Group can help you take advantage of this, too. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home ownership in Elmhurst. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902. Please note also that we are moving in early December to 210 N. York Rd., Elmhurst.

Elmhurst Illinois Open Houses for Sunday, November 18, 2012

by Thomas Makinney

Address:15W629 Grand Ave

City: Elmhurst

Price:$149,000

Scheduled for: 11/18/2012 from 01:00 AM to 03:00 PM

 

Address:104 S Poplar St

City: Elmhurst

Price:$315,000

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:1039 S Sunset Ave

City: Elmhurst

Price:$349,900

Scheduled for: 11/18/2012 from 01:00 AM to 04:00 PM

 

Address:375 S Holly Ave

City: Elmhurst

Price:$359,900

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:289 E Adelia St

City: Elmhurst

Price:$375,000

Scheduled for: 11/18/2012 from 01:00 AM to 03:00 PM

 

 

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Address:447 W Second St

City: Elmhurst

Price:$390,000

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:321 N Myrtle

City: Elmhurst

Price:$495,000

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:392 N Addison Ave

City: Elmhurst

Price:$525,000

Scheduled for: 11/18/2012 from 01:00 PM to 04:00 PM

 

Address:606 Hillcrest Ave

City: Elmhurst

Price:$799,000

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:550 S Linden Ave

City: Elmhurst

Price:$859,000

Scheduled for: 11/18/2012 from 01:00 PM to 03:00 PM

 

Address:466 N Oak Ave

City: Elmhurst

Price:$879,900

Scheduled for: 11/18/2012 from 01:00 PM to 04:00 PM

Elmhurst's York Boys XC Captures 28th State Title

by Thomas Makinney

Surpassing the Yankees’ 27 World Series championships, Elmhurst’s York Boys Cross Country Team cruised to their 28th Class 3A state title in a field of 25 schools. York finished with 82 points, comfortably ahead of second place O’Fallon with 117 and third place Lyons Township with 125. Since taking over as head coach in 1960, Joe Newton has led the team to collect 44 trophies (28 first, 12 second, and 4 third) never going consecutive years without a trophy.

Senior Scott Milling finished 6th overall with a time of 14:21 and was York’s top finisher for the second year in a row. Junior Kyle Mattes (23rd, 14:47) and senior Alex Mimlitz (24th, 14:48) joined Milling in earning individual all-state honors. Other team members included junior Alex Bashqawi (27th, 14:50), senior Chris May (49th, 15:05), Jack Libert (59th, 15:08), sophomore Matt Plowman (146th, 15:41), senior Zach Herrera, juniors Nathan Mroz and Connor York, sophomore Nathan Dale, and freshman Jon May.

At the awards ceremony on Saturday, the team wore white tuxedos with the all-state athletes carrying white canes to match. Milling was very happy to cap off his York years with a win, “This is what I’ve worked for since I became a freshman at York, and I did it so I’m happy.” Mattes spoke of the importance of the senior leadership this year, and will find himself in a similar position next year. Mimlitz took it a step further recognizing the contributions of all the individuals who have helped him during his years at York, especially during his injury and convalescence time.

The sense of community and teamwork shown by the boys isn’t just a happy accident. It’s a reflection of the spirit of Elmhurst itself. From the dedication of over 50 years of coaching by Joe Newton, to the recognition of current and former residents who are military veterans, Elmhurst celebrates the interdependence of its residents and their commitments to each other. The Gracik Makinney Real Estate Group can help you become a member of this vibrant community, too. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home ownership in Elmhurst. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902. Please note also that we are moving in early December to 210 N. York Rd., Elmhurst.

Elmhurst Illinois Open Houses for Sunday, November 11, 2012

by Thomas Makinney

Address:264 N Illinois St

City: Elmhurst

Price:$889,000

Scheduled for: 11/11/2012 from 02:00 PM to 04:00 PM

 

Address:402 W Fremont

City: Elmhurst

Price:$699,900

Scheduled for: 11/11/2012 from 02:00 PM to 04:00 PM

 

Address:634 S Hillcrest Ave

City: Elmhurst

Price:$499,000

Scheduled for: 11/11/2012 from 02:00 PM to 04:00 PM

 

Address:328 W Hillside Ave

City: Elmhurst

Price:$459,000

Scheduled for: 11/11/2012 from 02:00 PM to 04:00 PM

 

Address:15W629 Grand Ave

City: Elmhurst

Price:$149,900

Scheduled for: 11/11/2012 from 01:00 AM to 03:00 PM

 

Address:496 N Howard Ave

City: Elmhurst

Price:$259,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:311 N Berteau Ave

City: Elmhurst

Price:$269,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:322 N Oaklawn Ave

City: Elmhurst

Price:$350,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:280 E St. Charles Rd

City: Elmhurst

Price:$352,500

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

 

Address:361 E South St

City: Elmhurst

Price:$419,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:318 N Highview Ave

City: Elmhurst

Price:$469,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:275 N Ridgeland Ave

City: Elmhurst

Price:$479,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:355 W First Ave

City: Elmhurst

Price:$565,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:251 N Highview Ave

City: Elmhurst

Price:$575,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:353 W First Ave

City: Elmhurst

Price:$575,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:479 S Cottage Hill Ave

City: Elmhurst

Price:$575,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:359 W First Ave

City: Elmhurst

Price:$599,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:357 W First Ave

City: Elmhurst

Price:$599,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:429 S Argyle Ave

City: Elmhurst

Price:$629,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:521 N Howard Ave

City: Elmhurst

Price:$650,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:530 N Evergreen Ave

City: Elmhurst

Price:$659,900

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

 

Address:452 S Kenilworth Ave

City: Elmhurst

Price:$675,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

Address:749 S Saylor Ave

City: Elmhurst

Price:$699,000

Scheduled for: 11/11/2012 from 01:00 PM to 03:00 PM

 

 

Address:466 N Oak Ave

City: Elmhurst

Price:$879,900

Scheduled for: 11/11/2012 from 01:00 PM to 04:00 PM

 

Elmhurst Real Estate is a Good Bet

by Thomas Makinney

Real-life Monopoly® tycoon, Warren Buffett, is often on the forefront of promising financial investments – that’s how you become a tycoon in the first place. It’s great news then for Elmhurst homeowners, as well as for those who want to become homeowners, that Mr. Buffett has recently acquired a real estate franchise from Prudential and Real Living with a plan to launch a new brokerage.

The new brokerage, Berkshire Hathaway Home Services, will start up next year, and will specialize in residential properties. It will be based in Irvine, CA led by a team of former Prudential Real Estate executives. Clearly Mr. Buffett sees great potential in the residential real estate market and is willing to make a substantial financial investment in the outcome. Home Services already owns local brokerages in 21 states employing some 16,000 agents. This deal will create a national franchise for the company with some 75,000 in the network. Chicago area brokerage firm Koenig & Strey, the Gracik Makinney Group’s parent company, will number among them.

The fact that Warren Buffett sees such promise in the residential real estate market is good news for us all. All summer long we’ve seen promising market statistics pointing to a genuine recovery in process. With a financial investment of this scale in the residential market, it seems more likely than ever that home ownership is back on track and heading in the right direction.

Warren Buffett is sometimes treated as if he has a rare gift of financial foresight. In fact, what he has in abundance is common sense. He shops for bargains, makes careful investments of both time and capital, and thinks about purchases as long-term investments. He’s even quoted as saying, “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” The fact that Mr. Buffett has decided that now is a good time to expand his holdings in the residential real estate market is just another sign that home ownership is once again a good investment.

Long-term interest rates remain at record low levels, and here in Elmhurst there are wonderful homes for sale in excellent neighborhoods. The Gracik Makinney Real Estate Group is here to help you make the most of these opportunities. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home ownership. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902.

Elmhurst Illinois Open Houses for Sunday, November 4, 2012

by Thomas Makinney

 

Address:903 Chatham Ave

City: Elmhurst

Price:$999,999

Scheduled for: 11/04/2012 from 02:00 PM to 04:00 PM

 

Address:15W629 Grand Ave

City: Elmhurst

Price:$149,900

Scheduled for: 11/04/2012 from 01:00 PM to 03:00 PM

 

Address: 451 N Elmroy Ave

City: Elmhurst

Price:$350,000

Scheduled for: 11/04/2012 from 02:00 PM to 04:00 PM

 

Address:375 S Holly Ave

City: Elmhurst

Price:$369,000

Scheduled for: 11/04/2012 from 01:00 PM to 02:00 PM

 

Address:321 N Myrtle

City: Elmhurst

Price:$495,000

Scheduled for: 11/04/2012 from 01:00 PM to 03:00 PM

 

Address:479 S Cottage Hill Ave

City: Elmhurst

Price:$575,000

Scheduled for: 11/04/2012 from 01:00 PM to 04:00 PM

 

Address:123 Berteau Ave

City: Elmhurst

Price:$610,000

Scheduled for: 11/04/2012 from 01:00 PM to 03:00 PM

 

Address:749 S Saylor Ave

City: Elmhurst

Price:$699,000

Scheduled for: 11/04/2012 from 03:00 PM to 05:00 PM

 

Address:837 S Linden Ave

City: Elmhurst

Price:$725,000

Scheduled for: 11/04/2012 from 01:00 PM to 04:00 PM

 

Address:466 N Oak Ave

City: Elmhurst

Price:$879,900

Scheduled for: 11/04/2012 from 01:00 PM to 04:00 PM

 

How Much Home Can I Afford in Elmhurst?

by Thomas Makinney

This is a great time to enter the property market – the best time in recent memory, in fact. Here in Elmhurst interest rates remain at all-time lows, and home prices are still very attractive. But given the hard housing lessons learned nationwide of late, how do you know how much house is right for you?

Lenders have a very specific formula they use to determine how much to lend to you. Even if a lender approves your application for X amount, that doesn’t mean you should actually spend that much on a home. Consider the following to find the right balance for you and your bottom line.

Know your monthly income. If you’re a salaried employee, this is simple. If you work on a commission or tip basis, consider both high and low income months, and find a realistic point in between to call an average. Also, consider the stability of your income. Today’s job market is less predictable than in the past, so bear this in mind as you calculate your predictable income.

Know your debt load. Car loans, credit card payments, child-care costs, and other debts must all be factored in to your monthly budget.

Know your monthly expenses. These costs are in addition to your debts, and include such things as grocery bills, mobile phone bills, commuting costs, Internet fees, and so forth.

Know how much you can reasonably put toward a down payment. Most lenders today expect buyers to put down at least 20% of the purchase price plus pay for closing costs. Bear in mind that you should also keep an emergency fund for unexpected expenses, and don’t assume that all of your savings can safely go toward a new home purchase.

Know how long you can plan to stay in your new home. Real estate today just doesn’t appreciate at the same rate it has in the past, so you’ll need to plan to stay put for at least 5 years before breaking even.

Now is an excellent time to consider a property purchase, and Elmhurst is an excellent place to call home. The Gracik Makinney Real Estate Group is here to help you make the most of these opportunities. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home-ownership. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902.

Displaying blog entries 1-10 of 10

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