The number of detached homes for sale fell by more than 30% dropping from 157 homes for sale in April 2012 to 106 homes for sale in April 2013.
(PRWEB) May 06, 2013
There were mixed results in the number of closed sales for homes, townhomes, and condos in Barrington for the month of April 2013. The number of closed sales for attached homes decreased from 5 closed sales in April 2012 to 2 closed sales in April 2013. However, the month did see an increase in the number of closed sales for detached homes as the number rose from 14 closed sales in April 2012 to 17 closed sales for the month of April 2013. There were also mixed results in the median sales price for attached and detached homes sold in the area. The median sales price for attached homes dropped from $187,500 in April 2012 to $122,250 in April 2013, whereas the median sales price for detached home increased from $348,750 in April 2012 to $405,000 in April 2013.
There was a significant decrease in the number of attached and detached homes for sale in Barrington. The number of attached home for sale dropped over 50% falling from 32 homes for sale in April 2012 to 15 homes for sale in April 2013. The number of detached homes for sale fell by more than 30% dropping from 157 homes for sale in April 2012 to 106 homes for sale in April 2013. There was, however, an increase in the number of new listings for the area for both attached and detached home. The number of new listings for attached homes rose from only 1 new listing in April 2012 to 7 new listings for the month of April 2013, and the number of new listings for detached homes rose from 47 new listings in April 2012 to 60 new listings for April 2013. There was a decrease in the month’s supply of inventory for homes, condos, and townhomes in Barrington.
The month’s supply of inventory for attached homes decreased from 18.7 homes in April 2012 to 4.2 homes in April 2013, and the month’s supply of inventory for detached homes in Barrington fell from 9.4 homes in April 2012 to 5.2 homes in April 2013. The month did show significant improvement in the market time as the number of days attached homes remained on the market dropped from 199 days in April 2012 to 4 days in April 2013, and the number of days homes stayed on the market declined from 201 days in April 2012 to 106 days in April 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. 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 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.