Real Estate Performance Review for North Barrington Announced by Herman Team

There were mixed results for the number of closed sales for attached and detached homes, condos, and townhomes in North Barrington.

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Deals on Illinois homes

Deals on Illinois homes

There was an increase in the number of days North Barrington detached homes remained on the market

(PRWEB) March 31, 2013

There were mixed results for the number of closed sales for attached and detached homes, condos, and townhomes in North Barrington. The number of closed sales for detached homes rose by 15.6%, increasing from 45 closed sales for the year ending February 29, 2012 to 52 closed sales for the year ending February 28, 2013. Whereas the number of closed sales for attached homes sales fell from one last years to no closed sales for the year ending February 28, 2013. This is promising news for detached homes in the area, especially since the number of homes for sale declined for the year from 76 homes for the year ending February 29, 2012 to 59 homes for the year ending February 28, 2013.

There were no attached homes for sale for the year ending February 29, 2013. There was one new listing for the year ending February 28, 2013, which is a decrease from 4 new listings of the year ending February 29, 2012. There was also a decrease in the number of new listings for detached homes for sale in North Barrington. This number decreased from 122 new listings for the year ending February 29, 2012 to 90 new listings for the year ending February 28, 2013. The month’s supply of inventory also fell over the last twelve months. The month’s supply of inventory for attached homes dropped from 1.1 homes for the year ending February 29, 2012 to 0.2 homes for the year ending February 28, 2013. Whereas, the month’s supply of inventory for detached home decreased from 19.5 home for the year ending February 29, 2012 to 14.6 for the year ending February 28, 2013. After a slight increase of 7.8% last year in the median sales price, this year’s median sales price fell from $624,999 for the year ending February 29, 2012 to $531,250 for the year ending February 28, 2013. There was an increase in the number of days North Barrington detached homes remained on the market, as the number rose from 263 days for the year ending February 29, 2012 to 420 days for the year ending February 28, 2013.

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. John's 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 Master's 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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