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.

The 12 months Rolling Real Estate Performance Reviews for Hawthorn Woods, Illinois by The John Herman Team

There is nothing but great news for the real estate recovery and growth in Hawthorn Woods property, as reported by the John Herman Team after reviewing statistics from the past 12 months.
Nearly every category shows improvement over 2012 and 2011.

The overall number of homes sold over the past 12 months increased by 60.5% for detached homes. In 2012, 86 homes were sold in Hawthorn Woods, and in 2013 there were 138 homes sold. Movement in Hawthorn Woods attached homes were wasn’t quite as brisk, with 10 sold in 2012 and 7 in 2013, a 30% decrease. Inventory is down for the year, with an average of 7 homes on the market at any given time during 2012 and 3 to choose from in 2013, a 53.5% decrease. Similarly in detached homes , supply was weak. In 2012 there was an average of 86 homes on the market to select from and in 2013 just 79 were available. This was a 7.9% decrease.

Homes were selling faster as well! In 2012 the average time on the market for attached homes was 280 days, while in 2013 the number was 56 days. This is an 80% decrease. For detached homes these figures went from 216 days in 2012 to 145 days in 2013, a 32.9% decrease. These numbers are even better than 2 years ago when 223 days were recorded for attached homes and 208 for detached.A trend in increasing prices is shown over last year, and it appears that 2012 may have been the dip in the market. The average price of an attached home in Hawthorn Woods in 2011 was $294000, in 2012 it dipped to $285000, and in 2013 rebounded to $312,500, a 9.6% increase. Similarly for detached homes, in 2011 the average price was $431000, in 2012 a 2.6% decrease took that price to $420000, but in 2013 a 7.8% increase raised the figure to $452602.

The months of supply of homes has steadily decreased since 2011 in both attached and detached properties. In attached homes in 2011 there was an 8.1 months supply, in 2012 that fell to 5.5 months and in 2013 it plummeted to 2.3 months, a 58.6% decrease. In Hawthorn Woods detached homes the numbers were 18.2 month supply in 2011, 10.8 months of supply in 2012 and in 2013 just 8.6 month supply, a 20.2% decrease.New listings in attached homes was on the light side with 8 added in 2013, a 52.9% decrease from 17 in 2012. There were 10 in 2011. There were 253 detached single family homes added to inventory in 2013, compared with 208 in 2012, a 21.6% increase.

November 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 November 2013 real estate performance review in Hawthorn Woods properties, and all signs say that if you’ve got a home to sell that this is a great time to list.

Every indication in every category points to a strong market for sellers, and indicates that buyers need to be prepared to strike if they see a home they like. Prices are up, inventory is down, market time is down and months of supply are down.

According to the latest report the median price of a home in Hawthorn Woods was up 25.7% from a year ago. In November 2012 the average price was $383,000 and in November 2013 it was reported at $482,450. That is a significant increase and good news for sellers.

Another indication of a strong market is the number of homes on the market. In November 2013 there were 57 homes on the market, and in November 2012 there were 81. This is a 29.6% decrease. Fewer inventories mean more demand, another sign of strength, and a good time to sell.

Another supporting statistic for strong demand is that there is currently just a 4.9 month supply of homes on the market, versus last year when there was 10.6 month supply. This is an amazing 53.4% decrease.
In November 2012 5 home sales were closed, and in November 2013, 4 home sales were closed, a decrease of 20%. Given the overall picture of a strong market, this slight decrease of sales closed is not significant.

Listings were down for the same period a year ago. In November 2013 6 new listings hit the market, and in November 2012 there were 12 homes listed. This is a 50% decrease. Again, more homes are needed to keep up with demand.

And, evidence that homes are moving more quickly, and buyers are making faster decisions is the decreased time on the market. In November 2013 the average days on the market was significantly down to 87, while a year ago the figure was 264. This is a 67% decrease.

The overall analysis of these numbers indicates that it is a good time to sell and that buyers need to be ready to strike if they see a home they like in Hawthorn Woods Houses.