Posted on Aug 26th, 2008
What’s hot in Clarendon Hills? It’s Soul restaurant, according the the Chicago Tribune, which calls it the “hot new name in west-suburban dining.” Soul, 1 Walker Ave., a new addition to the DuPage dining scene, won three stars, or an excellent rating from the Tribune for its soulful Southern cooking, such as Hoppin’ John (although with oxtail meat instead of pork). The chef here is Karen Nicolas.
Posted on Aug 26th, 2008
Clarendon Hills’ average listing prices for the week ending Aug. 13, according to stats compiled by real estate search engine Trulia:
1 bedroom: $131,981
2 bedrooms: $289,851
3 bedrooms: $417,854
4 bedrooms: $847,191
The average listing price for all homes was: $682,426
The average sales price for all homes from May to July was $619,904 and 26 homes were sold during that period, according to Trulia.
Posted on Aug 17th, 2008
How long do Clarendon Hills residents spend commuting? According to statistics from real estate search engine Trulia, most, 15.83 percent, spend 10 to 14 minutes traveling to work with the second biggest group (13.86 percent) clocking 45 to 59 minutes in the car.
The lowest percentage (1.31 percent) commute 90 minutes or more and 3.06 percent travel five minutes or less.
Posted on Aug 17th, 2008
Second quarter home sales in Illinois increased over the first quarter of 2008 but were lower when compared to the same period in 2007, according to the Illinois Association of REALTORS’ second quarter report. Total home sales (and that includes single-family homes and condominiums) were 32,414 in the second quarter, down 25.4 percent from 2007 when the sale of 43,438 homes was reported. The median home sale price for the quarter was $192,500, a drop of 6.8 percent from 2007’s $206,500.
“While sales certainly have picked up across Illinois during the early spring and summer months, some buyers and sellers seem to be waiting for the all-clear signal to make a move in this market as economic and consumer confidence indicators remain weak,” said Kay Wirth, president of the Illinois Association of REALTORS.
Wirth added that the new first-time buyer tax credit and foreclosure rescue program enacted by the Housing and Economic Recovery Act “should help stabilize the housing market.”
According to the Federal Home Loan Mortgage Corp., the second-quarter commitment rate for a 30-year, fixed-rate mortgage for the North Central Region averaged 6.12 percent, which was down from 6.40 percent one year ago.
In the Chicagoland Primary Metropolitan Statistical Area, total home sales (including single-family and condominiums) dropped 28.9 percent in the second quarter to 20,679, as compared with the 29,092 homes sold in the second quarter last year. The median home sale price in the Chicagoland PMSA was $250,000 in the second quarter compared to $256,000 one year ago.
“Research shows that just one sale of a residential home in Illinois results in $28,413 in direct expenditures to other industries such as purchases of new furniture and appliances, repair costs and moving expenses. The housing market’s impact on the state’s economy underscores why REALTORS urge state and local government leaders to keep jobs in Illinois and foster a healthy economy,” said Wirth, a broker with Re/Max Unlimited Northwest in Crystal Lake.
Second quarter condo sales across the state were down—9,141 condos sold compared to 13,897 units sold in the second quarter of 2007. The 2nd quarter median price for a condominium in Illinois was $232,000, up from $223,000 a year ago.
Posted on Aug 10th, 2008
Clarendon Hills’ average listing prices for the week ending Aug. 6, according to stats compiled by Trulia:
1 bedroom: $119,900
2 bedrooms: $297,283
3 bedrooms: $420,873
4 bedrooms: $851,392
The average listing price for all homes was: $705,714
The average sales price for all homes from May to July was $619,904 and 26 homes were sold during that period, according to Trulia.
Posted on Aug 10th, 2008
The current average value of a Clarendon Hills home is $519,910 compared to a national average of $260,559, according to stats compiled by ESRI, the geographic information system and mapping software company.
Posted on Aug 5th, 2008
Clarendon Hills’ average listing prices for the week ending July 30, according to stats compiled by Trulia:
1 bedroom: $120,900
2 bedrooms: $296,747
3 bedrooms: $428,876
4 bedrooms: $862,025
The average listing price for all homes was: $706,827
The average sales price for all homes from May to July was $619,904 and 26 homes were sold during that period, according to Trulia.
Posted on Aug 4th, 2008
Clarendon Hills’ average listing prices for the week ending July 23, according to stats compiled by Trulia:
1 bedroom: $126,900
2 bedrooms: $298,142
3 bedrooms: $436,673
4 bedrooms: $876,254
The average listing price for all homes was: $705,268
The average sales price for all homes from May to July was $619,904 and 26 homes were sold during that period, according to Trulia.
