Friday, January 4, 2013

2012 Housing Statistics for Thornwood

Here is a summary of 2012 statistics 
for the single family detached homes in the  
Thornwood neighborhood in South Elgin, Illinois.

  •  61  Single Family Homes sold in Thornwood with an average marketing time of  96  days.
  • $365,000   Median home price.
  • $388,390    Average home price.
  • $ 690,000   Highest price home sale.
  • $ 225,000   Lowest price home sale.

18  homes did not sell because they expired or cancelled. The sold price as a percentage of  list price is 96% and  the sold price as a percentage of ORIGINAL list price is 93 %  (Price was reduced) .

Market improvements noted are a 65%  increase in the number of single family homes sold. The marketing time decreased from 196 average days on market to only 96 average days on market.
However, the average home price for 2012 of $388,390 is 2% lower than in 2011 while the median home price remained at $365,000.

Conclusion is that more homes sold more quickly at slightly lower prices in 2012 than in 2011 in Thornwood.

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