Tower Crossing is a townhome development in The Glen, Glenview Illinois. It is composed of 154 stunning units varying in size from 3031 sq ft to 4105 sq ft. 2013 was a very successful year for real estate sales, home rentals and home prices in this development. In this blog I will tell you about the increase in sales.
20 Tower Crossing homes sold in 2013, compared with 11 in 2012, 13 in 2011, 6 in 2010, and 7 in 2009. I had the good fortune to list and sell nearly half of all homes sold in 2013 (9 of 20). 7 realtors combined to sell the other 11 homes.
1 Distressed property sold in 2013. A single distressed property sale in 2013 represents an improvement as compared with 2012 (4 sales) and 2011 (3 sales). Distressed properties (bank owned or short sales) typically sell for well under market value, and that was the case with the Omni model bank owned property that sold in 2013.
Only 1 listed Tower Crossing home failed to sell in 2013! 20 of 21 listed homes sold last year compared with 4 failures in 2012. Given the strength of the real estate market last year, it is surprising that even one home failed to sell. This was NOT my listing.
Time-on-market was greatly improved in 2013. Time-on-market refers to the number of days between listing a home for sale and when it goes under contract with buyers.
The 19 non-distressed Tower Crossing homes sold in 2013 were on the market for a combined 1012 days, an average of 53 days. This compares very favorably to 75 days in 2012. It is vastly improved over the roughly 4 months in 2011 and 7 months in 2010. I am proud that my non-distressed Tower Crossing sales in 2013 averaged only 17 days on market. Tower Crossing homes sold by other realtors averaged 79 days.
Margaret Ludemann, Tower Crossing homeowner and Coldwell Banker Realtor, 847-401-1802