(PRWEB) September 28, 2013
The John Herman Team is pleased to release the latest results from the August 2013’s real estate performance review for homes in Hawthorn Woods. The month's review showed an increase in the median sales price for attached homes, and an additional increase in the number of closed sales for detached homes in this community.
The median sales price for attached homes fell from $296,500 in August 2012 to $298,750 in August 2013, however, the median sales price for detached homes remained consistent at $450,000 for August 2012 and August 2013. There were also mixed results for the number of closed sales for homes in Hawthorn Woods. The number of closed sales for attached homes remained steady at 8 closed sales for August 2012 and August 2013, whereas, the number of closed sales for detached homes rose by 30%, increasing from 95 closed sales in August 2012 to 124 closed sales in August 2013.
The Illinois real estate performance review went on to show a reduction in the number of homes for sale in Hawthorn Woods. The number of attached homes for sale dropped from 8 homes in August 2012 to 4 homes in August 2013, and the number of detached homes for sale fell from 94 homes in August 2012 to 83 homes in August 2013. There were mixed results, however, in the number of new listings for homes in this community. The number of new listings for attached homes fell from 18 new listings in August 2012 to 11 new listings in August 2013, but the number of new listings for detached homes rose from 200 new listings in August 2012 to 275 new listings in August 2013.
There was a decrease in the month’s supply of inventory for Hawthorn Woods homes for sale. The month’s supply of inventory for attached homes decreased from a 6.8-month supply in August 2012 to a 2.7-month supply in August 2013, and the month’s supply of inventory for detached homes fell from a 11.8-month supply in August 2012 to a 9.9-month supply in August 2013. There was a major improvement in the market time for both attached and detached homes in the community. The number of days attached homes remained on the market decreased from 256 days in August 2012 to 125 days in August 2013, and the number of days detached homes stayed on the market fell from 196 days in August 2012 to 158 days in August 2013.
About John Herman:
John Herman,Hometown is considered the Best Barrington real estate broker, who serves the entire city of Barrington and its surrounding areas. He has more than twelve years of experience in the local real estate market and is dedicated to providing his clients with exceptional services that assist them in obtaining the right home, for the right price. He holds a Master’s Degree, as well as, an Accredited Buyer Representative Certification, a Short Sale Foreclosure Resource Certification, and is an Equator Short Sale Certified Platinum Member. His decade long commitment to providing each customer with individualized and prompt customer services has earned him the Five Star Professional Award for the past three years. In fact, his customer service ratings were so high, that John Herman has been ranked among the top 2% of real estate agents in the Greater Chicago Area. This distinguished honor speaks volumes about his strong commitment to his clients and his dedication to providing optimal services.