Real Estate Performance Review for Barrington Announced by Herman Group

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There was a significant increase in the number of closed sales in for the year ending February 28, 2013 for Barrington homes, condos and townhomes.

Deals on Illinois homes

Deals on Illinois homes

The median sales price for homes for sale in Barrington for year ending February 28, 2013 for attached homes was $138, 000, which was a decline from $155,000 for year ending February 29, 2012.

There was a significant increase in the number of closed sales in for the year ending February 28, 2013 for Barrington homes, condos and townhomes. The number of closed sales for attached homes rose from 9 homes for the year ending February 29, 2012 to 35 homes for the year ending February 28, 2013. Whereas, the number of closed sales for detached home increased from 186 homes one year ago to 225 homes this year. There was also an increase in the number of homes under contract for the year ending February 28, 2013, with attached homes seeing an increase from 11 contracts for the year ending February 29, 2012 to 41 contracts for the year ending February 28, 2013, and detached homes seeing a rise from 191 contracts for the year ending February 29, 2012 to 243 contracts for the year ending February 28, 2013. The number of homes for sale decreased by more than 34% for attached homes and almost 25% for detached homes. The number of attached homes, condos and townhomes in Barrington for sale decreased from 36 homes for the year ending February 29, 2012 to 24 homes for the year ending February 28, 2013. The number of detached homes decreased from 179 homes one year ago to 135 homes this past year. The month’s supply of inventory also declined for attached homes from 25.5 homes for year ending February 29, 2012 to 9.8 homes for year ending February 28, 2013, and the month’s supply of inventory for detached homes dropped from 11. 9 homes for year ending February 29, 2012 to 7.5 homes for year ending February 28, 2013. There was also a decline in the number of new listings for homes, townhomes and condos in Barrington. The number of new listings for attached homes for year ending February 28, 2013 was 52 new listings, which is down from 77 new listings for year ending February 29, 2012. The number of new listings for detached homes for year ending February 28, 2013 was 390 new listings, which is a slight decline from year ending February 29, 2012’s figure of 389 new listings. The was mixed reports for the number of days homes stayed on the market for the year ending February 28, 2013, with attached homes seeing an average increase of 77 extra days and detached homes seeing an average reduction of 16 less days. The median sales price for homes for sale in Barrington for year ending February 28, 2013 for attached homes was $138, 000, which was a decline from $155,000 for year ending February 29, 2012. Detached homes saw a decrease from $431,250 for year ending February 29, 2012 to $392,000 for 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 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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