Elmhurst real estate news & market updates

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For Sale: $959,000

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Elmhurst YTD, York AP Success, and Safest Suburb

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.


York HS Reaches Pinnacle of AP Success

 

York High School and District 205 received excellent news from the College Board’s Advanced Placement program.

District 205 was recently named to the College Board’s 7th annual AP District Honor Roll. In 2017, only 433 school districts in the U.S. and Canada achieved the distinction and only 21 in Illinois.

This is the fourth time D205 has made the list (also in 2011, 2012, 2013, and 2016).

Additionally 33 York High School students and recent graduates earned National AP Scholar status based on exceptional achievement in last May’s AP Exams. An additional 163 were honored as an AP Scholar with Distinction, while another 52 were honored as an AP Scholar with Honors. In addition, 112 were named AP Scholars. A total of 327 Scholars earned an average score of 4.09 (out of a possible 5.0) on a total of 1,928 exams.

Those qualifying for the National AP Scholar award earned an average score of 4 or higher on all AP Exams taken and scores of 4 or higher on 8 or more of these exams.

In order to make the College Board’s AP District Honor Roll, districts must both increase access to AP courses for a broader number of students while also maintaining or improving the rate at which AP students earn scores of 3 or higher on an AP exam.

York saw an increase in students from 727 in 2014 to 832 in 2016.

Advanced Placement courses give high school students the opportunity to study at the college level and earn college credit while still in high school. More than 3,800 colleges and universities worldwide recognize AP scores, and a score of 3 or higher earns students college credit or advanced standing or both.

Additionally, AP courses signal to college admission officers that students have attempted a rigorous curriculum, and thus are capable of managing a heavy college workload as well. 

Elmhurst among safest suburbs in the nation

For most Elmhurst residents, crime probably isn’t at the top of their worries. And rightly so: A nationwide study ranked Elmhurst in the top 100 safest suburbs in the country.  Not too bad.

The NeighborhoodScout study analyzed the rate of property and violent crime per 1,000 residents. Elmhurst ranked 82nd safest suburb in the nation with a crime index of 66 and 10.88 annual crimes per 1,000 residents. The Crime Index here denotes the percent of communities nationwide that the area is safe than, with a higher index implying a safer area.

The Chicago area has reason to be proud: Seventeen suburbs ranked in the Top 100 nationwide, and in the top ten, two are in our area (Lake in the Hills and Bartlett.)

Elmhurst ranked higher than Northbrook, Carol Stream, Oak Forest, and New Lenox in Illinois suburbs.

Elmhurst takes its safety very seriously with a top-notch law enforcement team and strong community watch. If you want to learn more about ways that our community makes this happen, contact us at (630) 441-5570 or visit us at www.gmregroup.com