Welcome to the blog of Mark and Jennifer Monge. Here you will find everything from occasional market updates, to first peeks of new listings that are coming on the market, to some of the more completely bizarre-yet enlightening-aspects of a job, which we love by the way. Thanks for visiting....we hope to see you visit this site in the future!

Thursday, August 23, 2012

Just where is the Dunlap School District boundary?

By far, this is the most confusing question for many people coming into the area, as well as many locals. Homes in the Dunlap School District can have a Dunlap address, a Peoria address, an Edwards address and even a few other options. Vice-versa, there are some homes with a Dunlap address that might very well be in the Chillicothe or Princeville school districts. One thing is certain...if a home is in the Dunlap School District now it will always be in the Dunlap School District. They might redistrict within the Dunlap schools-as far as which Dunlap school a home goes to-but this is kept to a very, very minimum amount of change, but it would never revert to a different school district other than Dunlap. We have three kids that go to all three levels of the school system, elementary, middle and high schools, and they have had a great experience at all of them. If you would like a map of the school boundary, just let us know and we would be happy to email you one.

Another interesting fact is that the majority of homes in the Dunlap school district actually lay within the city of Peoria boundaries. As the city boundaries have continued to grow north and south into other school districts and mailing zip codes, the school boundaries have not changed. Currently the city of Peoria reaches as far northward as the Augusta Estates subdivision, which is adjacent to Banner Elementary School along the northern reaches of Allen Road, and as far west as the Sommer Place and Water Stone Estates subdivisions, which both have an Edwards mailing address, just to the west of the Shoppes at Grand Prairie Mall. 

New phases opening in Dunlap area subdivisions

New phases are getting ready to open in Wyncrest Subdivision, Fields Crossing, Sommer Place and Copper Creek. Quite a few pre-sold higher end homes are being built in Waterstone, Attingham, Copperfield and Hunters Trail subdivisions. Still not as many spec homes in this higher range, but quite a few clients that haven't found what they are looking for in existing houses have decided to take the plunge and build from scratch. Wynncrest, Sommer Place, Copper Creek and Fields Crossing will still be supply the bulk of the spec home options, with the majority of homes being built under the $375K range.


Interesting sales data for the area...

Looking at the most recent sales data for the area it shows the following stats for the year to date up through the end of July. For the first 7 months of 2011 compared to the first 7 months of 2012...
-Dunlap saw an increase of 31% and a closer listing price to sales price ratio...currently 94.7%. 
-Peoria saw an increase of 14.9% and an average listing price to sales price ratio of 88.3%.
-Washington saw an increase of 37.5% and an average listing price to sales price ratio of 93.1%
-Germantown Hills saw an increase of 61% and a closer listing price to sales price ratio...currently 94%. 
-Metamora saw an increase of 0%-it was exactly even- and an average listing price to sales price ratio of 93%.
-Morton saw an increase of 29.4% and an average listing price to sales price ratio of 92.8%

For a complete list of all of the local communities just drop me a line or shoot me at email and I would be happy to send you a link. Looking at the July 2012 month compared to July 2011, we saw overall a drastic reduction in the days on market data, which reflects that homes sold much quicker this July than last July. 

The higher end market, homes typically above $450K, is still lacking in the new construction supply. Many homes are being built in the $225K to $400K range, and selling about as quick as they are getting finished.