Q2 2022
ELMHURST
LOCAL REAL ESTATE GUIDE
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OPENING NOTE
Scan Here
The Elmhurst real estate market in Q2 was remarkable in many ways. As we expected, buyers moved aggressively to beat interest rate increases and pushed prices much higher on an already depleted inventory of available homes. During the three-months from March to May 2022, Elmhurst single family home prices per sq. ft. increased an amazing 18% year-overyear (a record for any similar timeframe as far back as we can access Midwest Real Estate data). Simply stated…WOW! At this point you may be wondering if this market will ever balance (at least some…). We believe that has started in the second half of this year (see pg. 19); however, this does not mean sale prices will decline. Absent a broader economic event, we see prices continuing to increase at a lower rate. We also anticipate fewer multiple bid situations, more negotiability and longer market times as the market moderates. For the cover we chose the face of the vibrant outdoor mural at Elmhurst University. Be Bold. Be Elmhurst. All my best,
630.750.9551 kelly.stetler@compass.com www.kellystetlerrealestate.com 2
WHAT’S INSIDE 6
New Listings
10
Contracted Homes
12
Closed Homes
(Betty Brandolino, Fresh Twist Studio)
18
New Construction
Tax Appeals
20
Home Inventory
(Themis Katris, The Katris Law Group)
22
Contract Time
Market Balance
26
Price Discounts
(Kelly Stetler, Compass Real Estate)
28
Price Per Sq. Ft.
Clearing Buyer Hurdles
30
Closed Sale Prices
(John Noldan, Guaranteed Rate)
31
Comparing Home Types
Radon Report
34
Comparing Suburbs
FEATURES Design Basics
8 9 19 24 25
Insights for Remodels and New Builds
Reviewing Your Property Taxes
Will the Seller’s Market Continue
You May be Closer Than You Think
Radon May be Hiding in Your Basement (Mary Alice Tourdot, LEGACY Inspection)
EVERY ISSUE 3
METHODOLOGY Overview of Terms and Elmhurst Submarkets CLOSED: closed transaction reflecting the final sales price (does not include any seller credits) NORTHEAST CONTRACTED: contingent or pending transaction reflecting the latest asking price CONTRACT TIME: number of days between the first list date and the contracted date (does not include time from contract to close) HOME INVENTORY: number of homes currently available for sale
NORTHWEST (North Ave. to Lake St. and Rte. 83 to Hwy. 290)
CENTRAL WEST
CENTRAL EAST
(Prairie Path to North Ave. and Rte. 83 to York St.)
(Prairie Path to North Ave. and Hwy. 290 to York St.)
MEDIAN: middle value of a given dataset (all report values are medians, which are less impacted by outliers than averages) PRICE DISCOUNTS: percentage difference between the initial list and recorded sale price PRICE PER SQ. FT: ratio of the price to the square footage of a closed transaction as a relative price measure (factors in home size)
(Lake St. to Grand Ave. and Hwy. 290 to Rte. 83)
SOUTHEAST (Prairie Path to Butterfield Rd. and Hwy. 290 to York St.)
SOUTHWEST (Prairie Path to Butterfield Rd. and Rte. 83 to York St.)
Note: All figures represent detached single-family homes unless otherwise specified. Price range data based on the city of Elmhurst. Submarket figures based on the approximate areas identified on map above.
4
MARKET SUMMARY “Seller’s Market” Remains with Higher Prices as Demand Normalizes Lower Overall Activity
New Home Listings (Q2)
29%
Contracted Homes (Q2)
New Construction Declining
New Home Permits (YTD)
31%
New build permits declining to pre-pandemic levels after a significant uptick in 2021
Home Inventory (June)
13%
“Seller’s market” with 15+ year low of available homes this time of year
Fewer Available Homes
33%
Closed Homes (Q2)
19%
Short Market Times
List to Contract Days (Q2)
Mostly 2 weeks or less across submarkets and price points; some homes very fast
Narrow Price Discounts
Sale Price Discounts (Q2)
Very limited discounts; houses selling near or above full price
Higher Relative Sale Prices
Sale Price / Price Per Sq. Ft. (Q2)
Significantly higher relative prices across submarkets and price points 5
NEW LISTINGS By Price Range
Rolling Last 12 Months (YoY%)
New listings were down YoY for the quarter, but $1M+ is higher over the last 12 months April listings declined 40%+ with May and June also 15%+ lower YoY Listings at $1M+ have grown over time as Elmhurst becomes more expensive
600
Continued lower listing activity despite typical upswing in seasonal transactions
500
<$400K
$400K – $699K
$700K – $999K
$1M+
462 (-7%) 400
Apr. – Jun. (YoY%)
300 '22
'21
%
<$400K
43
104
-59%
$400K - $699K
143
193
-26%
$700K - $999K
58
66
-12%
$1M+
62
67
-7%
247 (-32%) 196 (+8%) 168 (-21%)
200 100 0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Price Range
6
By Submarket
Rolling Last 12 Months (YoY%)
Q2 and last 12 months showed lower listing activity across all submarkets Central West experienced the smallest quarterly decline with a dramatic decrease in Northeast Elmhurst Southeast Elmhurst listing activity has returned to historical levels after a period of large increases
Northwest
Northeast
Central West
Central East
Southwest
Southeast
400
300 259 (-11%)
Apr. – Jun. (YoY%)
194 (-10%) 177 (-20%) 165 (-4%)
200 '22
'21
%
Northwest
49
68
-28%
Northeast
10
42
-76%
Central West
53
63
-16%
Central East
52
69
-25%
Southwest
76
96
-21%
Southeast
38
49
-22%
116 (-17%)
100
62 (-45%) 0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Submarket
7
Contributed By:
DESIGN BASICS Insights for Remodeling and Building a New Home
Kitchens are the heart of a home, so many features to think about, but island seating is a big one
Lighting scale is often minimized; when in doubt always go bigger
Choose classic and timeless with hard to replace items; add trend with easily changed items
Outdoor structures (pergolas, porches, fireplaces, etc.) should be part of the landscape design
Front doors add character to a house and should be inviting
Placement of windows and doors is everything when it comes to furniture layouts
TV placement in a family room is critical because your design will follow
Prewiring for powered shades on hard-to-reach large windows is a must before drywall
8
Contributed By:
TAX APPEALS Reviewing Your Real Estate Taxes Annually and Appealing Annual opportunity to appeal assessments o Watch for publication later this summer / fall Period during which an appeal may be filed ends 30 days after the township assessment publication o York Township (South of North Ave.); final complaint filing was Nov. 15 for 2021 o Addison Township (North of North Ave.); final complaint filing was Nov. 1 for 2021 Decision may be further appealed to the Board of Review and Illinois Property Tax Appeal Board, or to the Appellate / Circuit Court
Important Websites York Township https://www.yorktwsp.com Addison Township https://www.addisontownship.com Residential Assessed Value Appeal Form https://www.dupagecounty.gov/SOA/1475/
Key Items to Consider Best evidence of value is a recent appraisal, sale of the property or sales of similar properties Assessed values are required to be based upon the three prior years of actual sales transactions Understand that “fair market value” is not the highest or lowest price, but the most probable selling price When comparing properties in your area, use only similar properties (i.e. same size, same style, etc.) 9
CONTRACTED HOMES By Price Range
Rolling Last 12 Months (YoY%)
Contracted homes were down nearly 35% for the quarter, including all price ranges except homes priced $1M+ Contracts were down approx. 30% – 45% in each of the months of Q2; activity over the last 12 months at <$400K is at 10+ year lows
375
Declining contracted homes are trending similarly with lower listing activity
300
Apr. – Jun. (YoY%)
225
'22
'21
%
<$400K
22
58
-62%
$400K - $699K
68
104
-35%
$700K - $999K
29
39
-26%
$1M+
34
30
13%
$400K – $699K
$700K – $999K
$1M+
238(-18%) 165 (-34%)
150
122 (+17%) 106 (-26%) 75
0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Price Range
<$400K
10
By Submarket
Rolling Last 12 Months (YoY%)
Contracted activity was lower across submarkets in Q2, except Central West Northeast and Southern submarkets saw the largest declines for the quarter Contracted homes generally returning to pre-pandemic levels over the last 12 months
Northwest
Northeast
Central West
Central East
Southwest
Southeast
250
200
Apr. – Jun. (YoY%)
150
'22
'21
%
Northwest
29
35
-17%
Northeast
5
17
-71%
Central West
31
29
7%
Central East
29
41
-29%
Southwest
32
55
-42%
Southeast
13
26
-50%
100
69 (-23%) 50
0
43 (-36%)
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Submarket
141 (-25%) 121 (-13%) 106 (-24%) 95 (-2%)
11
CLOSED HOME SALES By Price Range
Rolling Last 12 Months (YoY%)
Closed homes were down nearly 20% for the quarter; however, activity continued to grow for homes priced over $1M More declines expected at <$400K given low contract activity at this price range Closed homes likely to continue declines with lower listings and fewer contracts
<$400K
$400K – $699K
$700K – $999K
$1M+
375
300 249 (-12%)
Apr. – Jun. (YoY%)
225
'22
'21
%
<$400K
33
63
-48%
$400K - $699K
70
102
-31%
$700K - $999K
42
48
-13%
$1M+
47
25
88%
150 122 (-16%) 115 (+39%) 75
0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Price Range
202 (-22%)
12
By Submarket
Rolling Last 12 Months (YoY%)
Closed home sales activity was mixed across submarkets in Q2 Central Elmhurst submarkets experienced increasing close activity for the quarter Despite declines, Southwest Elmhurst had the highest closed home sales for the quarter and last 12 months
Northwest
Northeast
Central West
Central East
Southwest
Southeast
250
200
Apr. – Jun. (YoY%)
151 (-20%) 136 (+1%) 113 (-12%) 101 (-6%)
150
'22
'21
%
Northwest
33
38
-13%
Northeast
9
26
-65%
Central West
40
37
8%
Central East
36
33
9%
Southwest
45
62
-27%
Southeast
16
21
-24%
100
77 (-9%) 50
0
49 (-22%)
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Submarket
13
HIGHLIGHTED SALE Closed in Q2 2022 – Central East Elmhurst
Sold By: $1,380,000 SALE PRICE
~95% SALE / LIST PRICE
$403 PRICE PER SQ. FT.
5 / 4.1 BEDS / BATHS
~3,400 SQ. FT.
Beautiful newer construction home with designer finishes, outdoor entertaining space and amazing basement; sold at $400+ per sq. ft. premium value 14
HIGHLIGHTED SALE Closed in Q2 2022 – Northwest Elmhurst
Sold By: $1,330,000 SALE PRICE
100%+ SALE / LIST PRICE
$380 PRICE PER SQ. FT.
5 / 4.1 BEDS / BATHS
~3,500 SQ. FT.
Immaculately maintained home with three-car garage and one-of-a-kind backyard oasis; highest all-time publicly disclosed sale price North of North Ave. 15
HIGHLIGHTED SALE Closed in Q2 2022 – Southwest Elmhurst
Sold By: $716,000 SALE PRICE
105%+ SALE / LIST PRICE
$300 PRICE PER SQ. FT.
4/3 BEDS / BATHS
~2,400 SQ. FT.
Charming cape cod with adorable front porch and large primary suite; seamless sale for relocating clients needing proceeds for out-of-state purchase 16
HIGHLIGHTED BUY Closed in Q2 2022 – Southeast Elmhurst
Bought By: $875,000 SALE PRICE
100% SALE / LIST PRICE
$380 PRICE PER SQ. FT.
4 / 3.1 BEDS / BATHS
~2,300 SQ. FT.
Unique English Tudor completely transformed with contemporary finishes for today's modern lifestyle; secured home privately for client before marketing 17
NEW CONSTRUCTION Permit Activity
Rolling Last 12 Months (YoY%)
Nearly 1,200 new home permits since 2010 After a significant new construction recovery in 2021, activity is currently declining New home construction has returned to prepandemic levels
New Home Permits Issued
Demo Permits Issued
160
Construction activity and demos expected to converge over time at lower levels 120
Jan. – Jun. (YTD)
93 (-11%) 39 37
36
41
20 23
40
15 0
'19
'20
'21
New Home Permits Issued
'22
0
'21 '22
30
78 (-20%)
'15 '16 '17 '18 '19 '20
45
80
52 51
'09 '10 '11 '12 '13 '14
60
Demo Permits Issued 18
Contributed By:
MARKET BALANCE Kelly Stetler
Will the Elmhurst Seller’s Market Continue
Elmhurst market has decidedly favored sellers for the last few years (high buyer demand, low inventory, short contract time, limited / no discounts, etc.) Overall housing available remains limited, but buyer demand is softening some with prices pushing higher, interest rates up (nearly double from 6 months ago) and potential economic concerns High end of the market is nearly in balance while other price ranges starting to move from extreme seller’s market conditions – we expect this trend to continue in the back half of 2022
Months Supply Inventory – Rolling Last 3 Months <$400K
$400K – $699K
$700K – $999K
$1M+
15 Buyer’s Market
10
Balanced
5
Seller’s Market
0
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
Note: Months supply of inventory refers to the theoretical number of months it would take for the market to be entirely out of home inventory if no new properties came to market and home sales occurred at the current rate. This number is a constantly moving calculation that gauges the balance and health of the real estate market.
3.6 1.8 1.6 0.9 19
HOME INVENTORY By Price Range
Jun. Quarter End (YoY%)
Available homes declined 13% overall and remain at 15+ year lows for this time of year Inventory is particularly limited for homes priced <$400K and $700K – $1M Homes at $1M+ represent ~30% of inventory
<$400K
$400K – $699K
$700K – $999K
$1M+
200
Continued inventory declines finally slowing some with lower transaction activity 150
Jun. Trends (Relative%) 100 26%
15% 24%
35% 23%
16%
29%
25%
30%
20%
18%
16%
36%
30%
37%
42%
25%
21%
20%
13%
'18 '19 <$400K $700K – $999K
'20
75% 50% 25% 0%
'21 '22 $400K – $699K $1M+
54 (0%)
50
38 (+3%) 0
20 (-23%) 16 (-47%) '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
100%
20
By Submarket
Jun. Quarter End (YoY%)
Home inventory is low, particularly in the Northeast and Southeast Northwest, Central East and Southwest areas showed YoY inventory increases Central Elmhurst currently holds nearly 40% of all home inventory
Northwest
Northeast
Central West
Central East
Southwest
Southeast
100
75
Jun. Trends (Relative%)
75% 50% 25% 0%
50 14% 17% 24% 22% 5% 18%
'18 Northwest Central East
14% 20% 21% 21% 6% 18%
15% 23% 24% 17% 10% 12%
'19 '20 Northeast Southwest
14% 20% 17% 21% 12% 17%
10% 27% 22% 16% 3% 21%
'21 '22 Central West Southeast
32 (+19%) 26 (+13%) 24 (+4%) 19 (-34%) 12 (-37%) 4 (-75%)
25
0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
100%
21
CONTRACT TIME By Price Range
Rolling Last 12 Months (YoY%)
Days between listing date and contract signing have been low (mostly less than a month) for several years Homes went under contract in less than a week in most cases during the quarter Expect contract times to remain short given limited available inventory
<$400K
$400K – $699K
$700K – $999K
$1M+
225
150
Price Range
'22
'21
%
<$400K
6
10
-40%
$400K - $699K
7
7
0%
$700K - $999K
3
6
-50%
$1M+
10
5
100%
75
0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Apr. – Jun. (YoY%)
12 (-8%) 11 (-62%) 9 (-18%) 6 (-50%) 22
By Submarket
Rolling Last 12 Months (YoY%)
Contract time in Q2 remained fast; larger percentage changes reflective of movements from a low number of days Buyers are reviewing new listings quickly Homes on the market for two weeks or longer are likely overpriced or have other factors impacting time / interest
Northwest
Northeast
Central West
Central East
Southwest
Southeast
125
100
Apr. – Jun. (YoY%)
75
'22
'21
%
Northwest
5
5
0%
Northeast
3
8
-63%
Central West
10
4
150%
Central East
4
10
-60%
Southwest
8
7
14%
Southeast
13
14
-7%
50
25
0
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Submarket
15 (0%) 12 (-33%) 11 (+57%) 9 (-25%) 9 (-25%) 7 (-53%) 23
Contributed By:
CLEARING HURDLES How to Clear Common Buyer Hurdles in Today’s Market
John Noldan
You may be closer to buying a new home than you think. Here’s how to clear some of the most common buyer hurdles in today’s market: Hurdle #1: Low inventory
Hurdle #2: Financing
Hurdle #3: Lack of affordability
Solution: Renovation loan
Solution: Low Down Payment Options
Solution: Get pre-approved
If all the move-in-ready homes are out of your price range, don’t overlook a fixer-upper you can make your own
You don’t always need to put 20% down. There are loan options for primary residences requiring just 5% down, FHA loan options with 3.5% down and down payment assistance programs
With low inventory driving up prices, having a pre-approval in hand before you start searching can help you move fast in a competitive market 24
Contributed By:
RADON REPORT Radon Gas May be Hiding in Your Basement
What is radon? Radon is a Class A carcinogen; it is known to cause lung cancer in humans
Common Radon Entrances
Is radon common? Nearly 40% of homes in Chicagoland have radon at or above recommended action levels Where does radon come from? Radon comes from the soil, not the home; no home, new or old, is exempt from radon. Radon can enter via sump pits, plumbing and utility entrances, and small foundation cracks My neighbor doesn’t have radon, are we safe? Each home interacts with the ground differently; homes next to each other can have very different radon levels How do I know if my home has radon? A short-term radon test (takes 2-3 days) is a good indicator of whether the home has a radon concern What is the solution for high radon levels? Professionals charge between a few hundred and a few thousand dollars to install a mitigation system, depending on your home and radon levels 25
PRICE DISCOUNTS By Price Range
Rolling Last 12 Months (YoY%)
Sales closed at 99% – 100% of original list price for Q2 as homes continued to sell for near and above ask Multiple offers often received for properties priced fairly and in good condition Price discounts are narrow, but should begin to loosen in the coming months
<$400K
$400K – $699K
$700K – $999K
$1M+
100%
99% (+3%) 99% (+1%) 99% (+1%) 97% (+1%)
95%
Price Range
'22
'21
%
<$400K
99%
98%
1%
$400K - $699K
100%
99%
1%
$700K - $999K
100%
99%
1%
$1M+
100%
98%
2%
90%
85%
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Apr. – Jun. (YoY%)
26
By Submarket
Rolling Last 12 Months (YoY%)
Price discounts have been mostly consistent across submarkets Limited differences reflect appeal of Elmhurst overall as well as each submarket Discounts were tight / non-existent in Q2
Northwest
Northeast
Central West
Central East
Southwest
Southeast
100%
99% (0%) 98% (+1%) 98% (+1%) 98% (+1%) 98% (+2%) 98% (+1%)
Buyers and sellers mostly met at or above original asking price during the quarter 95%
Submarket
'22
'21
%
Northwest
100%
100%
1%
Northeast
102%
99%
4%
Central West
100%
99%
1%
Central East
100%
98%
3%
Southwest
100%
98%
2%
Southeast
100%
96%
4%
90%
85%
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Apr. – Jun. (YoY%)
27
PRICE PER SQ. FT. By Price Range
Rolling Last 12 Months (YoY%)
Price per sq. ft. trend was meaningfully higher across all price ranges in Q2 All price ranges set new records as of June over the last 12 months, except $1M+ which achieved a new high in May Pricing continues to be strong based on low home inventory and buyer demand
<$400K
$400K – $699K
$700K – $999K
$1M+
$350 $321 (+8%) $300
Apr. – Jun. (YoY%)
$268 (+10%) $263 (+6%) $248 (+8%)
$250 '22
'21
%
<$400K
$262
$231
13%
$400K - $699K
$285
$249
14%
$700K - $999K
$279
$252
11%
$1M+
$335
$284
18%
$200
$150
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Price Range
28
By Submarket
Rolling Last 12 Months (YoY%)
Submarkets saw higher prices for the quarter with all areas increasing Northwest and Southwest experienced 20%+ increases in Q2; Central Elmhurst submarkets remain the highest over the last 12 months
Northwest
Northeast
Central West
Central East
Southwest
Southeast
$300
$284(+8%) $282 (+7%) $278 (+7%) $269 (+5%) $248 (+11%) $233 (+13%)
North Elmhurst submarkets are on the lower end of relative price per sq. ft. $250
Apr. – Jun. (YoY%) $200 '22
'21
%
Northwest
$280
$232
21%
Northeast
$241
$206
17%
Central West
$290
$269
8%
Central East
$309
$265
17%
Southwest
$305
$247
23%
Southeast
$286
$271
6%
$150
$100
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
Submarket
29
CLOSED SALE PRICES By Submarket Sale prices were up across submarkets, except Central East (these values are influenced by the size of the homes sold) Central West pushed higher in Q2 and separated by ~$100K from any other area Price growth expected to moderate, but continue increasing until market balances
Rolling Last 12 Months (YoY%) Northwest
Northeast
Central West
Central East
Southwest
Southeast
$800K $700K $600K
Apr. – Jun. (YoY%)
$500K
Submarket
'22
'21
%
$400K
Northwest
$745K
$499K
49%
$300K
Northeast
$430K
$365K
18%
Central West
$820K
$657K
25%
Central East
$570K
$665K
-14%
Southwest
$535K
$525K
2%
Southeast
$812K
$610K
33%
$725 K (+15%) $628 K (+6%) $555 K (+9%) $499K (-3%) $480K (+1%) $355 K (+3%)
$200K
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22
$100K
30
COMPARING HOME TYPES Analyzing Elmhurst Home Types for Q2 2022
Home Type
Single Family
Town Houses
Condos
New Listings
306
22
32
Contracted Homes
154
15
18
Closed Homes
192
18
21
Home Inventory
128
6
11
Contract Time
6 days
5 days
9 days
Price Discounts
100.0%
100.0%
96.7%
Price per. Sq. Ft.
$288
$224
$208
Closed Sale Price
$626K
$374K
$172K 31
SEEN AROUND ELMHURST Our Recent Community Involvement
32
JOIN US FOR SOME FUN Elmhurst Supported Events in Q3 2022
Friday, July 15 (9am to 11am): Conrad Fischer Park Sunday, September 4 (12pm to 7pm) Friday, July 29 (9am to 11am) – Salt Creek Parking Lot at York / Vallette Wednesday, August 10 (9am to 11am) – Centennial Park “Boss Hog” Sponsor
Saturday, August 20 (5pm to 9pm) Berens Park
Sunday, July 24 (1pm to 4pm) East End Pool
Saturday, September 17 (1pm to 6pm) Elmhurst History Museum “Platinum Level” Sponsor
Monday, September 26 “Yeti Giveaway” Sponsor 33
COMPARING SUBURBS Analyzing Western Suburb Markets
Suburb
Median Price
Q2 YoY%
Price / Sq. Ft.
Q2 YoY% Contract Time Q2 YoY%
Clarendon Hills
$743K
-9%
$302
22%
5
0%
Downers Grove
$460K
0%
$241
11%
5
-17%
Elmhurst
$626K
13%
$288
17%
6
-14%
Glen Ellyn
$570K
13%
$260
5%
4
-33%
Hinsdale
$1,200K
9%
$316
16%
7
-36%
La Grange
$625K
4%
$282
9%
4
0%
Lombard
$369K
12%
$223
16%
5
0%
Oak Brook
$960K
24%
$267
18%
14
-50%
Western Springs
$750K
3%
$336
20%
4
-20%
Wheaton
$508K
15%
$233
9%
5
0% 34
OUR CONTRIBUTORS Special Thanks to Our Contributors
Betty Brandolino – Founder / Creative Director Fresh Twist Studio
John Noldan – EVP, Mortgage Lending Guaranteed Rate
630.651.0499 betty@freshtwiststudio.com @freshtwiststudio
630.290.6251 jnoldan@rate.com @johnnoldan_guaranteedrate NMLS License #2611; NMLS #193680
Themis Katris – Managing Partner The Katris Law Group
Mary Alice Tourdot – Director of Growth Legacy Inspection Group
708.351.1199 tk@katrislaw.com @themi_the_closer
847.217.5958 office@legacyinspect.com @legacy_inspection_group 35
www.compass.com
Compass is a licensed real estate broker and abides by federal, state and local equal housing opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable but is subject to errors, omissions, and changes without notice. Sources include Midwest Real Estate Data LLC and the Elmhurst Community Development department. This is not intended to solicit property already listed.
Elmhurst Office 103 Haven Road Elmhurst, IL 60126 630.750.9551 kelly.stetler@compass.com www.kellystetlerrealestate.com