Tuesday, November 27, 2012

Market Snapshot: Current Inventory

Here's a quick look at current inventory levels for available properties in Thornwood:

Single Family Homes: 25 active units in the MRED MLS...13 of these are under contract.  Monthly rate of sales is 3.7 units closing per month. Month's supply  of  inventory is 6.8 months!

Townhomes: 10 active units available in the MLS...7 of these are under contract. Monthly rate of sales is 2.3 units per month and therefore the month's supply of inventory is 4.3 months.

Anything above 6 months supply is a buyers market and under 6 months is a seller's market.  These numbers for Thornwood are more favorable than overall Kane County which has a current months supply of inventory of  7 months.

Tuesday, November 20, 2012

Silver Glen and Randall Roads

Did you know...?

School district #303 owns 45 acres of  vacant land on the southwest corner of Randall and Silver Glen Roads? Just FYI...

Monday, November 5, 2012

Bargain Home in Thornwood

I have to let you know when I see a good price on a property in Thornwood and not many FNMA homes come on the market in this neighborhood. But a new one just came on the market and it's worth a look.