Tuesday, November 22, 2011

Closed sales in Thornwood

All the recently closed sales that occur in Thornwood are posted with photo, address, price and date in the photo albums section of the Facebook page for "Thornwood, South Elgin IL".

Type in the search tool bar on Facebook exactly as it appears above and you will find this information in the photo albums section.

Of course you can always email or text or call me and I'll be glad to share any market information with you.

Thornwood Facebook Page

Monday, October 31, 2011

Dual Park District opportunity for Thornwood Residents

Did you know that residents in Thornwood have the opportunity to use the park district facilities with in-district rates in either the South Elgin or the St. Charles park districts?

Homeowners in Thornwood have more classes to choose from, more park facilities to enjoy and more teams to compete on.

I've included links to both park districts below so you can check them out and see more information about each park district.

Monday, July 18, 2011

Thornwood Neighborhood Features in Daily Herald local paper

Daily Herald features Thornwood as a profile community!

Read more click HERE

Friday, June 3, 2011

Thornwood schools receive Academic Excellence

Property values are always impacted by the quality of the local schools. Haines Middle school and Ferson Creek elementary school have received this award for academic excellence in Northeast Illinois.

Most students in Thornwood attend Haines Middle school . Elementary students in Thornwood attend either Corron Elementary or Ferson Creek

About Academic Excellence Schools

Map of Illinois Academic Excellence Schools

Tuesday, March 29, 2011

Recent CLOSED home sales in Thornwood

Click on this link to check in on this public community page on Facebook that I created for this neighborhood. Photos, dates and sales prices are posted in a photo album to keep you informed of property values in the community.

Saturday, March 5, 2011

Thornwood Absorption Rates

Absorption Rates tell us how many months of inventory is currently available based on the sales rate of the previous month(s).

Currently there are 34 detached single family homes on the market in Thornwood and in the past 3 months 5 homes have sold. That is a sales rate of 1.66 homes/month. 34 homes divided by 1.66 gives us 20.5 months of inventory.

For attached housing units (townhomes) there are currently 14 available and in the past 3 months only one has sold. This is a sales rate of .33 sales/month. 14 divided by .33 is
42.4 months of attached housing inventory in Thornwood.

Keep in mind the previous 3 months are the typical slowest months of the year. I expect this number to decrease as we move into the busier Spring season.

Thursday, January 6, 2011

2010 Statistics for Attached Housing Units in Thornwood

2010 Market statistics for Attached Single Family Homes in Thornwood:

Lowest priced townhome sold was $133,000.
Highest priced townhome sold was $184,500.
Median Sales price: $167,450.
Average Sales price: $163,918.
Average marketing time was 173 days for attached single family townhomes and 19 units sold during 2010.

Comparing 2010 to 2009--- the marketing time has decreased by 51 days. However, the difference in average and median sold prices for attached units is negligible.

Source MRED LLC (Multiple Listing Service)

Thornwood Market Stats for 2010

2010 Market statistics for Detached Single Family Homes in Thornwood:

Lowest priced home sold was $250,000.
Highest priced home sold was $665,000.
Median Sales price: $380,000.
Average Sales price: $398,893.
Average marketing time was 144 days for detached single family homes and 40 units sold during 2010.

Comparing 2010 to 2009--- the marketing time has decreased by 81 days.
The average sold price increased about 1.5% from $392,921 in 2009 and the median sold price increased about 1.9% from the $373,000 figure in 2009.
These 2010 figures show some slight improvement over 2009 and it looks like Thornwood is weathering the market as well as can be expected.

Source MRED LLC (Multiple Listing Service)