This month ended with 10 new listings, 2 more listings than the previous two years. The listings this month were 5 Traditional, 2 REO and 1 short sale.
Hawthorn Woods,IL (PRWEB) January 15, 2013
Homes for sale in Hawthorn Woods have had a substantial increase in median price within the last three years. In December 2010 the median home value for detached properties started to increase from $350,000 to $380,000 last year and jumped to $495,000 in December 2012. This average of $495K is a reflection of traditional sales since Hawthorn Woods has no REO’s for December this year. The market time for detached homes in Hawthorn Woods has decreased from 176 days on market in 2010 to an average of 96 days on market for December 2012. This month ended with 10 new listings, 2 more listings than the previous two years. The listings this month were 5 Traditional, 2 REO and 1 short sale. This is a big difference compared to 2010 when all listings were traditional sales without any REO or Short Sale activity. The month supply of attached properties has dropped severely from 9 months in 2010 to only 3.2 months of supply of inventory for December 2012. Hawthorn Woods monthly supply of detached properties have dropped in its supply from 19.3 months of inventory three years ago to only having 9.8 months of supply ending in December 2012.Condos and Townhomes for sale in Hawthorn Woods are in limited supply and only 5 of these type of properties are sale this month. The total number of detached homes for sale is around 75 properties and is 30 homes less than the past two years. Hawthorn Woods has decreased in its amount of Short Sale and REO activity by almost 50% while maintaining the average of traditional properties for sale. This year has kept pace with 2011 averaging 9 closed sales for the month of December 2012. Of these closed sales, 8 of them were Traditional and only 2 were Short Sale properties. In December 2010 there was only 3 traditional and 1 Short Sale closed, this might show that the low inventory for 2012 is only going to be lower for 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.