Elmhurst real estate news & market updates

Featured Listing

Featured Listing

For Sale: $750,000

More Information

May 2018 Market Update, D205 Master Plan, Parks

Elmhurst Market Statistics for April

Prior 12 months property sales decreased from 612 in 2017 to 608 in 2018. April 2017 property sales vs April 2018 property sales decreased from 66 to 65 homes sold. Prior 12 months average sales price increased 2.6% from $532,649 in 2017 to $546,248 in 2018. The April Average Sales Price increased 20.4% from $537,117 in April 2017 to $646,489 in April 2018. The April 2017 vs. April 2018 median price increased 29.5% from $417,000 to $539,900. The April Average Days on Market (DOM) increased from 84 in April 2017 to 101 in April 2018.

 

The April 2018 MSI of 6.3 months was at its highest level compared with April 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 April 2018 Selling Price vs. List Price of 97.4% increased 2.2% from 95.3% in April of last year.


District 205 Releases Master Facility Plan

To best anticipate upcoming needs, District 205 is creating a Master Facility Plan (MFP), which will focus on educational needs—including STEM (science, technology, engineering, and math) programs, all-day kindergarten, and future-ready learning—as well as maintenance and facility needs (such as at Lincoln and Field schools) and possible re-districting.

The plan is a continuation of Focus 205, a 2015 collaboration between the community and the district. The board of education hopes that developing a master plan will provide a map for ensuring commitment to future-ready learning, equal access to technology, and equitable learning spaces in all schools.

Planners divided the facility improvement suggestions into four categories: two supporting basic maintenance needs and two featuring modifications/improvements needed for all-day kindergarten and to create future-ready learning spaces. There are a total of eight proposed scenarios.

The board previewed the presentation at its May 8 meeting and will be sharing the MFP draft with the community at a series of meetings to get input and hear feedback.

All meetings will cover the same content. To get times of dates of upcoming meetings along with information about the plan, visit http://www.elmhurst205.org/masterfacilityplan

Residents of Elmhurst are encouraged to attend and learn about our schools’ future plans. Having strong schools is a hallmark of our community, and we are so proud of the continuing commitment to excellence.

Plentiful Parks in Elmhurst

This time of year it’s hard not to notice all of Elmhurst’s beautiful parks. Whether you’re walking, biking, jogging, watching a game, or just relaxing, parks are a prominent part of living in Elmhurst. 

There are 23 parks in Elmhurst with 327 total acreage for people to enjoy, which is well above the national average. In fact, 83 percent of our residents live within a 10-minute walk of a park compared with the national average of 55%.

The city is flanked by Eldridge Park in the south and Berens Park in the north with prominent Wilder Park in the center. We have running trails and bike paths, creeks and fountains, and miles of fields for every kind of sport. 

Having easy access to parks is not only fun but is linked with lower body mass index and reduced rate of obesity. And children’s use of parks increases by a whopping 400% when parks are closer to home.

The Trust for Public Land released data recently analyzing Americans current access to parks in cities, towns, and communities.  They found that one in three Americans don’t have a park or green space within a 10-minute walk of their home. Elmhurst residents fare much better, but 8,305 still live in a “park desert.”

To get a better idea of which neighborhoods fare on the better or worse end of the scale, the organization put together this map. By scrolling down to the button labeled “Deep Dive,” you can zoom in on neighborhoods.  The best locations for new park development are indicated by the blue-circled numbers, which are then ranked by the impact a park would make on a neighborhood.

The Trust mapped every park in every urban municipality in the country, the first time such extensive park data has been compiled in such a way. Their hope is that city planners, mayors, and recreation departments will use the tool to ensure better access to parks and continue to make green space a priority in the future.

Elmhurst’s beautiful and abundant parks are part of the city’s charm. We love the priority our city places in parks, and we’re confident that that consideration will continue.