Elmhurst real estate news & market updates

Featured Listing

Featured Listing

For Sale: $747,900

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September 2016 Elmhurst Real Estate Market Update!

Elmhurst Market Statistics for August

Prior 12 months property sales decreased from 608 in 2015 to 590 in 2016.  August 2015 property sales vs August 2016 property sales increased from64 to 72 homes sold. Prior 12 months average sales price increased 6.1%, from $495,630 in 2015 to $525,950 in 2016.  The August Average Sales Price decreased 2.7%, from $544,643 in August 2015 to $530,204 in August 2016. The August 2015 vs. August 2016 median price decreased 2.9% from $442,500 to $429,500. The August Average Days on Market (DOM) decreased from 82 in August 2015 to 81 in August 2016.


The August 2016 MSI of 4.14 months was at its lowest level compared with August 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 August 2016 Selling Price vs. List Price of94.7% increased .2% from 94.5% in August of last year.

US News Ranks Elmhurst College as a Best Value School

Congratulations to Elmhurst College! U.S. News & World Report recently rated Elmhurst College high on three of its annual national rankings. The report, released on Sept. 13, looked at 115 colleges and universities across the Midwest.

The report ranked Elmhurst fourth in the Best Value category. Last year the college came in ninth on that same list. The ranking takes into account academic quality and cost. A high quality of programs combined with a reasonable price tag puts a school in the “best value” category.

In addition, Elmhurst College made the top ten for Best Regional Universities, a list comprised of institutions that provide a full range of undergraduate and master’s degrees but not doctoral degrees. The rankings take into effect student retention rate, faculty resources, student selectivity, graduation rates, and financial resources. 

The college also ranked tenth in the Midwest for Best Colleges for Veterans. Schools on this list must be in the top half of its Best Colleges ranking, have 20 or more students using GI Bill benefits for tuition and fees, and participate in the Yellow Ribbon program.

Having a quality college in our midst offers many benefits to our residents, including access to high-profile speakers, a myriad of cultural and sporting events, and the bonus of an idyllic campus, which includes an arboretum.

We're grateful to have Elmhurst College in our community. To learn more about the college and the city of Elmhurst, call us at (630)441-5570 or visit us at www.gmregroup.com


Elmhurst set to welcome downtown luxury living

Have you been dreaming of escaping the city but not sure you’re ready for suburban life? Or are you hoping to downsize but don’t want to leave Elmhurst? If you want to combine the ease and convenience of city living with a great suburban setting, Elmhurst 255 might be worth checking out.

Located in the heart of downtown Elmhurst, on Addison St., between North Ave. and Third St., the long-awaited Hahn Street development includes ground level retail with outdoor seating and an event plaza. Residents will be able to walk to restaurants, shopping, entertainment, and the train.

The 188 luxury apartments feature private balconies or terraces, gourmet kitchens, high ceilings, washer/dryers in units, and open floor plans. One- and two-bedroom units are available as well as penthouse apartments.

Residents can also enjoy indoor, heated parking, a fitness center, theater, heated pool, bocce ball court, community room, daily coffee service, and a guest suite. A maximum of two pets are allowed.

Elmhurst 255 is now accepting leases, with possession in October 2016. We expect this to be a popular opportunity!  For more information on the development, call us at (630) 441-5570 or visit www.gmregroup.com and find out how we can help you make your move.

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