December 2013 Real Estate Performance Review for Hawthorn Woods by The John Herman Team

The John Herman Team is pleased to release the latest results for the December 2013 real estate performance review in Hawthorn Woods homes, and there is less supply than a year ago, a good sign for upward sales trends in real estate.

There was no change in the past 3 years for December figures for number of homes sold, in either detached or attached homes. In December 2011, 2012 and 2013 there was 1 attached home sold, and in December 2011, 2012 and 2013 there were 9 detached homes sold.There has been a decrease of properties available shown by the fact that in December 2012 there were 4 attached properties available in Hawthorn Woods, while in December 2013 there was just 1, a 75% decrease in inventory. In December 2012 there were 72 detached homes available, and December 2013, there were 50, a decrease of 30.6%.

The time on the market for Hawthorn Wood detached homes in December 2012 was 96 days, and in December 2013 average time on the market dropped to 75 days, a 21.7% decrease.The month’s supply of inventory is down from a year ago. In December 2012 there was a 2.5 month supply of attached homes, and in December 2013, there was less than 1 month supply, a 68.6% decrease in inventory. For detached homes, in December 2012 there was a 9.5 month supply, and in December 2013 there was a 4.3 month supply, a 54.2% decrease.

There were no new listings taken for Hawthorn Woods attached homes in neither December 2012 nor December 2013. In December 2012 there were 8 detached homes listed, and in December 2013 there were 12 new listings added to inventory.Prices were slightly down in both attached and detached homes. In December 2012, $321,500 was the median price for an attached home in Hawthorn Woods, in December 2013 that dropped to $290,000, a 7.2% decrease. In detached homes, the median price in December 2012 was $ 495,000, and in December 2013 it was $457,500, a 7.6% decrease.