Real Estate Performance Review for Hawthorn Woods Announced by The Herman Group

The median sales price for both attached and detached homes, condos, and townhomes in Hawthorn Woods improved for the year ending February 28, 2013.

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There was also a substantial decrease in the month’s supply of inventory for homes, townhomes, and condos in Hawthorn Woods.

(PRWEB) March 27, 2013

The median sales price for both attached and detached homes, condos, and townhomes in Hawthorn Woods improved for the year ending February 28, 2013. The median sales price for attached homes rose from $275,000 for the year ending February 29, 2012 to $312,500 for the year ending February 28, 2013, and the median sales price for detached homes also increased from $442,000 for the year ending February 29, 2012 to $450,000 for the year ending February 28, 2013. There were, however, mixed results for the number of closed sales, as the number of closed sales for attached homes increased from 5 closed sales for the year ending February 29, 2012 to 13 closes sales for the year ending February 28, 2013, and the number of closed sales or detached homes decreased from 98 closed sales for the year ending February 29, 2012 to 84 closed sales for the year ending February 28, 2013.

There was a decrease in the number homes for sale in Hawthorn Woods, as the number of attached homes for sale fell from 8 homes in two years ago to 6 homes over the past year, and the number of detached homes for sale dropped from 118 for the year ending February 29, 2012 to 81 homes for the year ending February 28, 2013.

There was also a slight decline in the number of new listings over the last year, with the number of new listing for attached homes falling from 15 new listings for the year ending February 29, 2012 to 13 new listings for the year ending February 28, 2013, and the number of new listings for detached homes decreased from 242 new listings for the year ending February 29, 2012 to 210 new listings for the year ending February 28, 2013. There was also a substantial decrease in the month’s supply of inventory for homes, townhomes, and condos in Hawthorn Woods. The month’s supply of inventory for attached homes fell from 8.3 homes for the year ending February 29, 2012 to 3.7 homes for February 28, 2013, and the month’s supply of inventory for detached home decreased from 16.5 homes for the year ending February 29, 2012 to 10.3 homes for the year ending February 28, 2013. There were mixed results in the market time for homes sold in the area, with the number of days attached homes remained on the market decreasing from 440 days for the year ending February 29, 2012 to 114 days for the year ending February 28, 2013, and the number of days detached homes stayed on the market increasing from 196 days two years ago to 211 days for homes sold over the last year.

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. John's 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 Master's 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.


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