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From in the trenches, here is another update on the Clarendon Hills Home market

Posted by admin on August 12, 2011
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Updated on the Clarendon Hills Real Estate Market

We are in very uncertain times, for sure but the Clarendon Hills housing market is certainly bucking the current trend around the country. If a buyer is looking to purchase a home in Clarendon Hills, there are only 72 homes for sale and to pick from.  If a buyer is looking in Hinsdale-Clarendon Hills Consolidated School District 181 area, they will find only 51 homes for sale (that are not under contract with a buyer).  This low inventory is not good for buyers who are considering buying only in Clarendon Hills.

Here is some data to consider:

SOLD

51 homes sold in Clarendon Hills since January 1, 2011

39 of those were in the Hinsdale-Clarendon Hills Consolidated School District 181 area.

7 sold were in Maercker School District 60 (south of 55th Street)

5 sold were in Community Unit School District 201 (Blackhawk Heights – west of Arthur Ave)

$728,733 was the average original list price of all sold properties

–          $710,401 was the average list price when it sold

–          $659,778 was the average sold price which is 91% of the average when it sold, 93% or the original asking price

Comment – The big question I get from people in the community is “What is the average seller’s come off of their price?”  Answer is 93%, or 7% off the last advertised asking price.

Under Contract

21 homes are currently schedule to close and are under contract with buyers in Clarendon Hills

17 are in Hinsdale-Clarendon Hills Consolidated School District 181

3 are in Maercker School District 60

1 is in Community Unit School District 201

For Sale

72 Homes for sale in Clarendon Hills, IL

51 are in Hinsdale-Clarendon Hills Consolidated  School District 181

14 are in Maercker School District 60

7 are in Community Unit School District 201

Check back for an update on homes for sale in Hinsdale and Oak Brook.

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