Haines Middle school chosen as one of top 5 in Kane County (2012) by Chicago Magazine

The public schools serving a community are always an important factor to consider when deciding to purchase a home. Haines Middle school (district #303 serving Thornwood) has been chosen as one of the top 3 in Kane County. I am proud of the students, staff and parents at Haines. Congratulations!
Read more here in this month's Chicago Magazine 

Townhome Stats First Half of 2012

Here is a summary of 2012 first and second quarter stats  (January 01, 2012 through June 30, 2012)  for the townhome units in the  Thornwood neighborhood.

• 7 town homes sold in Thornwood with an average marketing time of  98 days.
• $120,000     Median town home price.
• $ 116,250    Average town home price.
• $ 120,000     Highest price town home sale.
• $ 105,000     Lowest price home sale.

Only 15% of homes listed for sale actually sold--- 83% expired or cancelled. The sold price as a percentage to ORIGINAL list price is 62 %.

Thornwood Housing Stats for First half of 2012

Here is a summary of 2012 first and second quarter stats  (January 01, 2012 through June 30, 2012)  for the single family detached homes in the  Thornwood neighborhood.

•  28 Single Family Homes sold in Thornwood with an average marketing time of  132 days.
• $345,000   Median home price.
• $361,208    Average home price.
• $ 550,000   Highest price home sale.
• $ 225,000   Lowest price home sale.

Only 27% of homes listed for sale actually sold--- 73% expired or cancelled. The sold price as a percentage to ORIGINAL list price is 77 %.

Scroll down through the older posts to compare this to the year- end 2011  and you will see that the market is still following a downward trend as all categories listed here went down. Average single family home price decreased by 5.0% and the median SF  home price decrease by 5.5%.

Report Card Links to District #303 schools serving the Thornwood community

The quality of the schools within a community has an effect on property values.  I have included some links below  to the Chicago Tribune report card for area schools. I encourage potential homeowners to research the schools before making a decision to purchase.

You will find additional information at my website: www.FoxValleyResidential.com (scroll down on the left hand side to click on "Information on Illinois schools)



Chicago Tribune Report Card for Corron Elementary School

Chicago Tribune Report Card for Ferson Creek Elementary School

Chicago Tribune report card for Haines Middle School

Chicago Tribune Report Card for St. Charles North High School


Important Follow-up Link about the federal standards

Housing Inventory Levels in Thornwood

Absorption Rates are one market indicator that Realtors use to determine the overall "health" of the housing market. It is the rate at which the market is absorbing the current level of inventory. I post absorption rates on a monthly basis on my blog (at www.foxvalleyresidential.com).
But I tract the rates for the Thornwood neighborhood specifically.

As of today's date Thornwood has 3.5 months of single family inventory but the townhomes have 9.6  months supply of inventory. Its a good time to be a seller in the single family market and a buyer in the townhome market.

Just as a basis of comparison Kane County has 8.8 month's supply of single family inventory and 9.8  month's of attached housing inventory.

So Thornwood  fares significantly BETTER as a neighborhood than the greater Kane county area while the townhomes are right in line with the county overall.

Water Quality Report is available

The Otter Creek Water District provides water for the neighborhood of Thornwood in South Elgin, IL.

The most recent report for the period 1/1/2011 to 12/31/2011 is available at this link: 

 Water Quality Report for Thornwood Neighborhood

Interesting Facts: 

• Two active wells that tap into the MT. Simon sandstone aquifer at a depth of 1970 feet provide water to the community.
• The district's purification plant uses an ion exchange process for softening and home water softening devices are NOT recommended.

Are you curious about rentals in Thornwood?

The rental market is HOT and very active right now. 

Here I have posted what some recently rented homes in  Thornwood.

Single Family Homes :

5 Ellington, a 4 BR 2600SF home rented in May, 2012  for $2200/month.
651 Watersedge, a 4 BR 3564SF executive  home rented in May, 2012 for $2750/month.
552 Watersedge, a 4BR 3200SF executive home rented in June, 2012 for $2900.

Townhomes*:
207 Nicole unit D. A 2 BR, 1.5 bath Chandler model  rented  in April, 2012 for $1175/month
315 Thornwood Way unit E,3BR, 2.5 bath Everton model rented in June, 2012 for $1500/month.
277 Nicole unit C, 3BR, 2.5 bath everton model, rented in May, 2012 for $1500/month.


*Townhome rentals typically require board approval.


If you want more information about the rental market in Thornwood please contact me at the email/phone listed below.
Info above taken from MRED MLS and believed reliable & accurate but not guaranteed.