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SOURCE: Deals On Homes
Market time increased for REO’s homes in Cary for the month of December, 2012. The homes for sale in Cary also increased in the amount of attached new listings, number of closed sales, and also increased in median price for traditional homes.
Cary,IL (PRWEB) January 30, 2013
Market time increased for REO’s homes in Cary for the month of December, 2012. The homes for sale in Cary also increased in the amount of attached new listings, number of closed sales, and also increased in median price for traditional homes. As a result in the increase of listings for homes for sale in Cary, the total number of homes for sale in December 2012 decreased. This is a good sign that the REO market time has increased, and proves true that prices are rising and buyers are closing traditional sales at a higher price and faster rate of sale. Three years ago, December 2010 had an average of 442 days on market for traditional homes, and this December had an average of 122 days on market. Short Sale activity also decreased, and its amount of market time increased. Another good sign for the condos and townhomes for sale in Cary, this December 2012, was the increased amount of listing activity that almost doubled for attached properties. However, the amount of short sale listing activity also came close to being double the number this time last year. The number of closed sales for detached homes for sale in Cary also more than doubled from the amount of closed sales during December 2011. There was only 6 closed sales during December last year and this year had a total of 27 closed sales. The amount of traditional, REO, and short sale closed sale activity, more than doubled as well from the previous year showing that homes in Cary are in a very active market for December 2012. The Median price for homes listed as REO and Short Sale have decreased in price, while traditional listing have increased in median price for December 2012. Lastly, The median price for traditional listed homes increased from $198,000 last year to $242,868 for December 2012. The Short Sale median price for home in Cary is priced at a three year low and REO median price is at its three year average.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.
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