Elmhurst real estate news & market updates

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April 2018 Market Update

Elmhurst Market Statistics for March

Prior 12 months property sales increased from 597 in 2017 to 625 in 2018.  March 2017 property sales vs March 2018 property sales decreased from 48 to 41 homes sold. Prior 12 months average sales price increased .2% from $533,784 in 2017 to $534,725 in 2018.  The March Average Sales Price increased 3.2% from $520,096 in March 2017 to $536,915 in March 2018. The March 2017 vs. March 2018 median price decreased 5.7% from $456,200 to $430,000. The March Average Days on Market (DOM) increased from 97 in March 2017 to 119 in March 2018.

 

The March 2018 MSI of 7.12 months was at its highest level compared with March of 2017. 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 March 2018 Selling Price vs. List Price of 96.3% increased .6% from 95.7% in March of last year.

 


Elmhurst Schools Ranked Among Best in Illinois

Elmhurst District 205 continues to rack up the accolades, ranking number six on a recent survey of top 100 districts in Illinois. 

The survey collected date from 9,577 school districts and looked at student performance (math and reading test scores) from the Center for Education Policy Analysis, dropout rates and school funding per the National Center for Education Statistics, and area poverty rates from the U.S. Census Bureau.

Chicago area suburbs consistently boast some of the best public school districts in the country, and this report cites our area schools’ consistent academic achievement, generous funding, superb athletic programs, and extensive extracurricular activities. 

The top ranked school district was Naperville District 203 followed by Morton District 709 and Wauconda District 118. Just ahead of Elmhurst was Barrington District 220 with Indian Prairie District 204 coming in number seven.

The survey was conducted by backgroundchecks.org, which helps consumers find public records and conduct background checks.

Elmhurst’s great schools are one of the reasons that living here is such a good investment. To learn more about the schools or the community, give us a call at (630) 441-5570 or visit us at www.gmregroup.com.

York AS.IS. Club to Celebrate A Night of Noise

It will be a night of acceptance and a celebration of diversity on April 27 when York High School’s AS.IS. club hosts A Night of Noise on April 27 at the high school.

AS.IS. stands for “accepting sexual orientation at school” and is the gay-straight alliance (GSA) at York. Their mission is to spread the message of acceptance through the school and community, working to build tolerance and respect, combat bigotry, and reduce homophobic behavior.

The group is open to all students and is comprised of like-minded individuals who want everyone to feel comfortable and included. The club has been active at York for 17 years.

Organizers have invited other gay-straight alliance clubs at nearby high schools to the evening’s festivities. Last year, participating high schools included Argo, Lyons Township, Leyden, and Glenbard West. More than 100 students turned up and attendance is expected to be larger this year.

The evening will include icebreaker activities, a photo booth, dancing, karaoke, and a speaker. The event is billed as an evening of “total acceptance,” something many students still find rare either in school, the community, or at home.

@Properties and The Gracik-Makinney Group are honored to be donating our “Share the Love” rainbow magnets to hand out to all attendees.

If you want to find out more about how diversity and acceptance are important values in our community, call us at (630) 441-5570 or reach out through our website, www.gmregroup.com.