There was a significant improvement in the market time for detached homes sold in the areas, as the number of days homes remained on the market dropped from 321 days in May 2012 to 170 days in May 2013.
(PRWEB) June 12, 2013
There was an increase of more than 8% in the median sales price for detached homes, condos, and townhomes in Hawthorn Woods. The median sales price for detached homes rose from $425,500 in May 2012 to $460,000 in May 2013. There was also a significant increase of 275% in the number of closed sales for detached homes sold in the area, as the number of closed sales rose from 4 closed sales in May 2012 to 15 closed sales this month, May 2013. There were no closed sales for attached homes for May 2012 or May 2013.
This means there are no statistics available for closed sales, median sales price, or market time for attached homes. The month did show a decrease in the number of attached and detached homes for sale in Hawthorn Woods. The number of attached homes for sale fell from 9 homes for sale in May 2012 to 5 homes for sale in May 2013, and the number of detached homes for sale dropped from 90 homes for sale in May 2012 to 86 homes for sale in May 2013. There were mixed results for the number of new listings for attached and detached homes in the area, as the number of new listings for attached homes dropped from 3 new listings for May 2012 to 2 new listings for May 2013, whereas the number of new listings for detached homes increased from 19 new listings in May 2012 to 37 new listings in May 2013. However, the month showed a decrease in the month’s supply of inventory for attached and detached homes, townhomes, and condos in Hawthorn Woods for May 2013.
The month’s supply of inventory for attached homes in Hawthorn Woods dropped from 6 homes in May 2012 to 3.3 homes in May 2013, the the month’s supply of inventory fell from 11.7 homes in May 2012 to 8.5 homes in May 2013. There was a significant improvement in the market time for detached homes sold in the areas, as the number of days homes remained on the market dropped from 321 days in May 2012 to 170 days in May 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. 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.