(PRWEB) March 10, 2013
There was an increase in the median sales price of homes, condos, and townhomes in Hawthorn Woods this month. Attached homes saw an increase of 14.8%, as the median sales price rose from $275,000 in February 2012 to $315,750 in February 2013, and detached homes saw a 29.5% increase in the median sales prices as it increased from $347,500 in February 2012 to $450,000 in February 2013. More good news showed that the number of days homes in the area remained on the market decreased for both attached and detached homes. The market time for attached homes decreased from 1,070 days in February 2012 to 37 days in February 2013, and the market time for detached homes fell from 214 days in February 2012 to 162 days in February 2013. This is a good indication that the market may be improving, especially since the number of homes for sale in Hawthorn Woods decreased for both attached and detached homes. The number of attached homes for sale dropped from 10 homes in February 2012 to 3 homes in February 2013, and the number of attached homes for sale decreased from 85 homes in February 2012 to 73 homes for February 2013. The month’s supply of inventory for attached homes decreased from 10 homes in February 2012 to 1.8 homes in February 2013, and the month’s supply of inventory for detached homes declined from 10.5 homes in February 2012 to 9.5 homes in February 2013. There were mixed results in the number of new listings for homes, townhomes, and condos in Hawthorn Woods with the number of new listings for attached homes decreasing from 3 new listings in February 2012 to 1 new listing in February 2013. However, the number of new listings for detached homes increased from 17 new listings in February 2012 to 18 new listings for February 2013. There were also mixed reviews for the number of closed sales for the month of February 2013. The number of closed sales for attached homes increased from 1 closed sale in February 2012 to 2 closed sales in February 2013 and the number of closed sales for detached homes decreased from 8 closed sales for February 2012 to 5 closed sales for February 2013.
Welcoming his 12th year of Real Estate experience, John Herman effectively turns buyers into owners, and closes listings successfully with Barrington Real Estate, Illinois. Clients are quickly referred to as guests in his home market, welcoming everyone to his performance standards uniquely separating him from the competition. Johns diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hard working Realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Masters Degree, John is also certified in Foreclosure and Short Sale transactions along with certification as an Accredited Home Buyer Representative. John and his team are localized experts with over 20 years of real estate experience within the beautiful area of Chicago. John Herman controls the necessary actions to position the right inspector, plumber, or resourceful help needed to close every deal properly.