There was also improvement in the market time for homes sold in the area, as the number of days homes remained on the market fell from 226 days in February 2012 to 150 days in February 2013.
(PRWEB) March 20, 2013
There was a large increase in the number of closed sales for homes, condos, and townhomes in Fox River Grove for February 2013. The number of closed sales for detached homes increase from for the third straight year climbing from 2 closed sales in February 2011 to 4 closed sales in February 2012 to finally 9 closed sales for February 2013. This is good news considering the number of homes for sales decreased for both attached and detached home. The number of attached homes for sale dropped from 11 homes in February 2012 to 2 homes in February 2013, and the number of detached homes for sale fell from 40 homes in February 2012 to 29 homes in February 2013. There was also a decrease in the month’s supply of inventory for attached and detached homes, townhomes, and condos in Fox River Grove. The month’s supply of inventory for attached homes fell from 11 homes in February 2012 to 1.2 homes in February 2013, and the month’s supply of inventory for detached homes fell from 8 homes in February 2012 and 4.5 homes in February 2013. There were mixed results for the number of new listings for the area with the new listings for attached homes falling from 7 new listings in February 2012 to 1 new listings for February 2013, and the number of new listings for detached homes increased from 5 new listings in February 2012 to 13 new listings in February 2013. There was a slight decrease this year in the median sales price for Fox River Grove homes sold, as the number fell from $240,000 in February 2012 to $215,000 in February 2013. While this represents a decrease of 10.4%, the February 2013 median sales price of $215,000 is still significantly higher than February 2011’s median sales price of $71,5000. There was also improvement in the market time for homes sold in the area, as the number of days homes remained on the market fell from 226 days in February 2012 to 150 days in February 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