(PRWEB) May 11, 2013
There was a slight decrease in the number of closed sales for homes, condos, and townhomes in Barrington Hills. The number of closed sales dropped for the third straight year falling from 6 closed sales in April 2011 to 5 closed sales in April 2012 to this year’s total of 4 closed sales for April 2013. There was also a significant decrease in the median sales price for home for sale in the area. The median sales price has also dropped for three years in a row. The median sale price has gone from $792,500 in April 2011 to $680,000 in April 2012 to $370,000 in April 2013. The year also saw a decrease of 11.3% in the number homes for sale in Barrington HIlls. The number of homes for sale declined from 106 homes in April 2012 to 94 homes in April 2013. The number of new listings has also dropped over the last three years. This statistic fell from 19 new listings in April 2011 to 18 new listing for April 2012 to finally 13 new listings this year in April 2013.
This decrease in the number of home for sale and the number of new listings also led to a 34.2% decrease in the month’s supply of inventory for home for sale in the area. The month’s supply of inventory dropped from 39.7 homes in April 2011 to 26.0 homes in April 2012, and then fell again this year to 17.1 homes in April 2013. After seeing a slight improvement last year in the market time for homes, townhomes, and condos in Barrington Hills this year had a slight increase of 5.9%. The number of days homes remained on the market decreased from 256 days in April 2011 to 240 days in April 2012, but then increased again this year to 254 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 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.