(PRWEB) March 03, 2013
There was an increase in the number of closed sales for homes, condos and townhomes in Cary of 15.8% and 55.9% for attached and detached homes respectively. Attached homes saw an increase in closed sales from 38 sales for the year ending January 31, 2012 to 44 sales for the year ending January 31, 2013. Detached homes rose from 161 sales two years ago to 251 sales over the past year. This is a significant improvement especially considering the number of homes for sale decrease by more than 20% for both attached and detached homes. The number of attached homes for sale dropped from 47 homes for the year ending January 31, 2012 to 37 homes for the year ending January 31, 2013. Whereas, the number of detached homes, townhomes and condos in Cary for sales also decreased from 206 homes for the year ending January 31, 2012 to 164 homes for year ending January 31, 2013. The months supply of inventory for attached homes declined from 14.7 for attached homes for the year ending January 31, 2012 to 9.8 homes for the year ending January 31, 2103, and the months supply of inventory for detached homes also declined from 17.3 homes two years ago to 8.7 homes over the past year. There was a slight increase in the number of new listings for both attached and detached homes with new listing for attached homes increasing from 89 listings two years ago to 93 listings over the past year and detached homes with new listing increased from 413 for the year ending January 31, 2012 to 435 for the year ending January 31, 2013. The number of days Cary homes stayed on the market also improved for the year ending January 31, 2013. The market time for attached homes decreases from 207 days two years ago to 164 days this past year and the market time for detached homes declined from 180 days for the year ending January 31, 2012 to 178 days for the year ending January 31, 2013. Median sales prices for attached homes fell for the second year in a row decreases from $125,000 two year prior to $105,500 last year. Detaches homes median sales price also fell from $190,00 for year ending January 31, 2012 to $180,00 for year ending January 31, 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.