Real Estate Performance Review for South Barrington Announced by John Herman Team

There was a slight increase of nearly 2% in the number of closed sales for homes, townhomes, and condos in South Barrington. The number of closed sales has increased for the third straight year, rising from 43 closed sales for the year ending March 31, 2011 to 54 closed sales for the year ending March 31, 2012 to finally 55 closed sales for the year ending March 31, 2013.

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Deals on Illinois homes

Deals on Illinois homes

. Last year showed an improvement of 22.4% in the market time, as the number of days homes remained on the market dropped from 258 days for the year ending March 31, 2011 to 200 days for the year ending March 31, 2012

(PRWEB) May 05, 2013

There was a slight increase of nearly 2% in the number of closed sales for homes, townhomes, and condos in South Barrington. The number of closed sales has increased for the third straight year, rising from 43 closed sales for the year ending March 31, 2011 to 54 closed sales for the year ending March 31, 2012 to finally 55 closed sales for the year ending March 31, 2013. This is encouraging news considering there was a decrease of more than 20% in the number of homes for sale in the area.The number of homes for sale fell from 73 homes for the year ending March 31, 2012 to 58 homes for the year ending March 31, 2013. There was also a decrease in the number of new listings for homes, condos, and townhomes in South Barrington. The number of new listings fell from 135 new listings for the year ending March 31, 2012 to 111 new listings for the year ending March 31, 2013. This decrease in the number of homes for sale and the number of new listings, also created a decline in the month’s supply of inventory.

The month’s supply of inventory has steadily dropped over the last three years with the number falling from 20.1 homes for the year ending March 31, 2011 to 17.1 homes for the year ending March 31, 2012 to finally 12 homes for the year ending March 31, 2013. The year saw a slight drop in the median sales price for South Barrington homes. The median sales price fell from $749,713 for the year ending March 31, 2012 to $730,000 for the year ending March 31, 2013. Last year showed an improvement of 22.4% in the market time, as the number of days homes remained on the market dropped from 258 days for the year ending March 31, 2011 to 200 days for the year ending March 31, 2012. However, this year saw an increase of 14.4% in the market time for homes sold in the area, as the number of days homes in the area stayed on the market increased from 200 for the year ending March 31, 2012 to 229 days for the year ending March 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.


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