An Elmhurst Cape Cod and a market update

The dormered Cape Cod-style home is popular throughout the United States, and common in Elmhurst.

The 4-bedroom, 2-bath Cape Cod at 328 Hillside has an uncommon feature -- a large family room addition with patio doors leading to a nicely landscaped yard. The home has a recently-remodeled kitchen, a fully-finished basement and better storage than you'll typically find in this style home. It's listed for sale at $479,000.

Tom Makinney of Koenig & Strey's Gracik Makinney Group is our tour guide in the sponsored video.

Makinney reports that the average home price in the Elmhurst area was down 2.18% from July 2011 to July 2012. The year-to-date average price, he says, was down from $393,477 to $384,898, while the year-to-date median decreased 5.15%, from $320,000 to $303,500.

As of August 24, 2012, according to Makinney, there were 373 active listings in the MLS in the Elmhurst area, representing a 7.27-month supply of inventory – a level generally considered a buyer's market.

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