Elmhurst real estate news & market updates

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January 2017 Elmhurst Real Estate Market Update!

Elmhurst Market Statistics for December

Prior 12 months property sales decreased from 604 in 2015 to 585 in 2016.  December 2015 property sales vs December 2016 property sales decreased from 44 to 38 homes sold. Prior 12 months average sales price increased 7.6%, from $498,671 in 2015 to $536,784 in 2016.  The December Average Sales Price increased 13.6%, from $460,055 in December 2015 to $522,401 in December 2016. The December 2015 vs. December 2016 median price increased 13.5% from $355,625 to $403,500. The December Average Days on Market (DOM) decreased from 120 in December 2015 to 93 in December 2016.

 

The December 2016 MSI of 4.73 months was at its highest level compared with December of 2015. 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 December 2016 Selling Price vs. List Price of 93.8% increased 1% from 92.8% in December of last year.


Elmhurst Art Museum explores its “Sense of Space” in Elmhurst

As realtors, we think about the concept of “home” frequently. But it means something different to everyone. What can we learn about how others view home? And why do some places hold special meaning to some people but not others?

To celebrate its 20th anniversary, the Elmhurst Art Museum is exploring these questions by honoring its place in the community with the exhibition, “Sense of Place,” which opened last Saturday.

Artists have interpreted the theme by looking at their own sense of space – either personal or public, real or imaginary.  The theme acknowledges Elmhurst’s strong community composed of people who are drawn to the city’s suburban yet urban feel, and those who have lived here for generations.

Two of the artists are from Elmhurst, several are from the Chicago area and others are from New York, Los Angeles, and Switzerland. Some of the works explore the space of the western suburbs or Chicago; others look at very different environments.

Elmhurst artist David Wallace Haskins created “Summer:Winter”, an immersive sensory installation of Wilder Park. He recorded 24 hours of summer sounds at the park, which surrounds the museum, allowing guests to be looking at a winter landscape while hearing summer sounds.

Elmhurst artist Judie Anderson’s work is an illustration of her grandfather’s house. Other works examine how space can be a geographic place or an idea of a place.

This is the museum’s first open call exhibition, and it showcases local, national and international artists. More than 400 applicants applied to be a part of exhibit, but only 39 were chosen in a blind review, meaning judges made their decisions solely on the work that was submitted.

The Elmhurst Art Museum was founded by members of the Elmhurst Artists’ Guild in 1997. They hoped to explore how the study of art, architecture, and design help people from all walks of life see and think differently.

“Sense of Space” runs through Feb. 12, 2017. It is the first of several planned celebrations of the museums 20th anniversary in 2017. For more information, visit www.elmhurstartmuseum.org.  

The Elmhurst Art Museum is a gem in our city. We encourage everyone to visit this unique exhibit and celebrate the museum and its presence in our town.

The Dependent Clauses: Young residents on a holiday mission

The people in Elmhurst are what make our community a home. And an amazing example of that is our very own Dependent Clauses. This group of eighth grade philanthropists formed in 2013 when they were fifth graders at Hawthorne.

Founder Andrew Hausoul wanted to find a way to help struggling members in the community. His parents encouraged him to ask some friends and brainstorm some ideas of ways to help.  A few days later, he and a group of seven friends formed The Dependent Clauses. The name plays on the grammar term they were studying at the time: dependent clauses, which is the part of the sentence that can’t stand alone. That significance as well as the play on the word “clause” made for the perfect name for the group that wanted to focus on helping others during the holidays.

The first year, they wrote letters and went door to door asking for donations, bringing in a whopping $2,400. The boys and their parents were able to purchase clothes, coats, gloves, and toys for three families they discovered through a local church.

The following year, they decided to raise the money on their own rather than just asking. The group, which grew to include 12 members, now rakes leaves, helps neighbors, holds an annual bake sale, and sells cider, cookies, and glow sticks at the Wilder Tree Lighting event.  Family members and community friends also make donations.

The boys are now eighth graders at Sandburg Middle School. So far, they have raised more than $5,000 and have helped eight families and a combined 21 children. This year they are focusing on one family, hoping to brighten their holiday.

If you want more information about this amazing group of boys, visit www.thedependentclauses.org or click on their Facebook page, www.facebook.com/thedependentclauses. If you’re interested in making a donation, please email them at thedependentclauses@gmail.com.

We love bringing awareness to the people and places that make Elmhurst so special. Give us a call anytime or visit our website and let us know what you think or if there is a group or person that we should feature, (630) 441-5570 or www.gmregroup.com