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.