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.

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...

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.

Inventory Levels in Thornwood

Homes in Thornwood are selling quickly!
Currently, there are 28 homes on the market in Thornwood....14 of these are under contract.
Based on a sales rate of 6 SF homes per month, Thornwood has a 4.7 month's supply of inventory. Under 6 month's is a seller's market.  Compare this to Kane County overall where there is an 8 month supply of housing inventory.   This neighborhood is in demand .

2012 Third Quarter Sales

The average price per square foot for single family homes went up slightly in Thornwood for the third quarter of 2012. Listed here are the sale for Third quarter 2012 ( July 1 - September 30). Click directly on the image to increase the size.

Price per square foot for sales in Thornwood, South Elgin, January - June 2012 IL

All sales in the Thornwood subdivision are posted here for the first half of 2012. Interestingly, the average  price per square foot remains $116...the same at the last half of 2011 (see my previous posting for prior numbers). Square footages include above grade area only and  are obtained from the township assessor and are deemed reliable but not guaranteed. Other info obtained from MRED multiple listing service. (To enlarge click directly on the image) 

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