The median sales price for attached homes was $330,000 for April 2013, which is a slight reduction from April 2011’s median sales price of $401,000. The median sales price for detached home was $500,000 in April 2013.
(PRWEB) May 12, 2013
There was a dramatic increase in the number of closed sales on homes, townhomes, and condos in Deer Park for April 2013. The number of closed sales for attached homes increased from zero closed sales in April 2012 to 1 closed sale this April 2013. Also, there has been no record of a closed sale in Deer Park in April 2011 or April 2012, but there was a large increase to 9 closed sale for the month of April 2013. Since there were no closed sale in April 2012 for attached or detached homes for sale in the area, there is no median sales price to compare this year median sale price with. The median sales price for attached homes was $330,000 for April 2013, which is a slight reduction from April 2011’s median sales price of $401,000.
The median sales price for detached home was $500,000 in April 2013. The month did show a decrease, however, in the number of homes for sale in Deer Park. The number of attached homes for sale dropped from 3 homes for sale in April 2012 to only 1 home for sale in April 2013, and the number of detached homes for sale fell from 16 homes for sale in April 2012 to 10 homes for sale in April 2013. There were mixed results for the number of new listings for attached and detached homes in the area. The number of new listings for detached homes fell from 1 new listing in April 2012 to no new listings for April 2013. Whereas, the number of new listings for detached home increased from 6 new listings in April 2012 to 9 new listings in April 2013. There was a decrease in the month’s supply of inventory for homes, condos, and townhomes in Deer Park.
The month’s supply of inventory for attached homes declined from 2.6 homes in April 2012 to 0.7 homes in April 2013. The month’s supply of inventory for detached homes fell from 8.9 homes in April 2012 to 2.4 homes in April 2013. Since there were no homes sold in April 2012, there is no market time figures to compare this years totals to, but the number of days attached homes remained on the market was 35 days for April 2013, and the number of days detached homes stayed on the market was 117 days in April 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.