(PRWEB) April 09, 2013
There was a dramatic increase of more than 90% in the median sales price for home, condos, and townhomes in Barrington Hills for the month of March 2013. The median sales price has increased for the third straight year with the price rising from $925,000 in March 2011 to $1,255,000 in March 2012 to an impressive $2,400,000 this March 2013. There was also an increase of 33% in the number of new listings for homes in the area. The number of new listings rose from 12 new listings in March 2012 to 16 new listings in March 2013. There was, however, a slight decrease in the number of Barrington Hills homes for sale in March 2013. The number of homes for sale dropped from 102 homes in March 2012 to 96 homes in March 2013. There was also a decrease in the month’s supply of inventory over the last year, as the month’s supply of inventory of 25 homes in March 2012 decreased to 19.5 homes in March 2013. After a significant increase last year in the number of closed sale, this figure dropped dramatically in March 2013. The number of closed sales increased from 3 closed sales in March 2011 to 7 closed sales in March 2012, but then dropped again to only 1 closed sale in March 2013. There was an improvement in the market time for homes for sale in Barrington Hills for the third year in a row. The number of days homes remained on the market fell from 932 days in March 2011 to 102 days in March 2012. The number of days homes stayed on the market for March 2013 was 32 days, which is substantially lower than March 2012’s figure of 102 days.
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.