Real Estate Performance Review for Deer Park Announced by Herman Team

After a decrease last year, there was an increase this year in the number of closed sales for both attached and detached homes, townhomes, and condos in Deer Park.

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Deals on Illinois homes

Deals on Illinois homes

There was also improvement in the median sales price for both attached and detached homes.

(PRWEB) April 01, 2013

After a decrease last year, there was an increase this year in the number of closed sales for both attached and detached homes, townhomes, and condos in Deer Park. The number of closed sales for attached homes increased from 5 closed sales for the year ending February 29, 2012 to 11 closed sales for the year ending February 28, 2013, and the number of closed sales for detached homes rose from 20 closed sale for the year ending February 29, 2012 to 24 closed sales for the year ending February 29, 2013. There was also improvement in the median sales price for both attached and detached homes. The median sales price for attached homes increased from $362,500 for the year ending February 29, 2012 to $385,000 for the year ending February 28, 2013. The median sales price for detached homes rose from $463,000 for the year ending February 29, 2012 to $481,250 for the year ending February 28, 2013.

However, there was a significant drop in the number of homes for sale in the Deer Park. The number of attached homes for sale in Deer Park fell from 10 homes for the year ending February 29, 2012 to 3 homes for the year ending February 28, 2013, and the number of detached homes for sale decreased from 23 homes two years ago to 16 homes over the past year. There were mixed results for the number of new listings for attached and detached homes.

The number of new listings for attached homes fell from 16 new listings for the year ending February 29, 2012 to 15 new listings for the year ending February 28, 2013, but the number of new listings for detached homes rose from 46 new listings for the year ending February 29, 2012 to 50 new listings for the year ending February 28, 2013. There were also mixed results for the market time for attached and detached homes, condos, and townhomes in Deer Park. The number of days attached homes remained on the market increased from 81 days for the year ending February 29 2012 to 161 days for the year ending February 28, 2013. However, the market time for detached homes decreased from 204 days for the year ending February 29, 2012 to 129 days for the year ending February 28, 2013. There was a decrease in the month’s supply of inventory, as attached homes figure dropped from 8.0 homes for the year ending February 29, 2013 to 2.2 homes or the year ending February 28, 2013, and the figure for detached homes fell from 10.1 homes for the year ending February 29, 2013 to 7.4 homes 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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