Elmhurst Real Estate Guide (Q2 2022)

Page 1

Q2 2022

ELMHURST

LOCAL REAL ESTATE GUIDE


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OPENING NOTE

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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


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