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SOURCE: Deals On Homes
There was a dramatic increase for the third straight year in the number of closed sales for homes, condos and townhomes in Kildeer. The number of closed sales rose from 1 closed sale in February 2011 to 3 closed sales in February 2012 to finally 6 closed sales for February 2013.
(PRWEB) March 16, 2013
There was a dramatic increase for the third straight year in the number of closed sales for homes, condos and townhomes in Kildeer. The number of closed sales rose from 1 closed sale in February 2011 to 3 closed sales in February 2012 to finally 6 closed sales for February 2013. This is encouraging news, especially since the number of homes for sale in the area dropped by more than 50%. The number of homes for sale for February 2013 was 28 homes, which represents a decrease from 62 homes for sale in February 2012. There was also a significant decrease in the month’s supply of inventory, as the inventory amount fell from 17.3 homes in February 2012 to 5.2 homes in February 2013.
After seeing an increase last year of more than 33% in the number of new listings, there was a significant decrease of 56%. The number of new listings for homes, townhomes and condos in Kildeer in February 2013 was 7 new listings, which was a decline from 16 new listing in February 2012. There was also a decrease in the median sale price for homes in the area, as the median sales price fell from $777,500 in February 2012 to $508,500 in February 2013. While February 2013’s figure shows a decrease of almost 35% over February 2012’s median sales price, it is still significantly better than February 2011’s median sales price of $275,000. There was good news in the market time, as the number of days homes remained on the market decreased from 288 days in February 2012 to 236 days in February 2013. The fact that the number of closed sales doubled over last year’ figures for homes for sale in Kildeer, coupled with the improvement in market time statistics for the year shows an improvement in the housing market for February 2013.
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