Real Estate Performance Review for Barrington Announced by John Herman Team

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The year ending April 30, 2013, showed a significant increase in the number of closed sales for both attached and detached homes, condos, and townhomes in Barrington.

Deals on Illinois homes

Deals on Illinois homes

There were mixed results for the market time for attached and detached homes, townhomes, and condos in Barrington. The number of days attached homes remained on the market increased from 196 days for the year ending April 30, 2012 to 211 days for the year

The year ending April 30, 2013, showed a significant increase in the number of closed sales for both attached and detached homes, condos, and townhomes in Barrington. The number of closed sales for attached homes increased by 254.5%, as the number of closed sales rose from 11 closed sales for the year ending April 31, 2012 to 39 closed sales for the year ending April 30, 2013. In addition, the number of closed sales for detached homes increased by 33.5%, as the number of closed sales rose from 176 closed sales for the year ending April 31, 2012 to 235 closed sales for the year ending April 30, 2013. The year did show a slight decrease in the median sale price for attached and detached homes.

The median sales price for attached homes in Barrington fell from $155,00 for the year ending April 30, 2012 to $135,000 for the year ending April 30, 2013, and the median sales price for detached homes dropped from $421,000 for the year ending April 30, 2012 to $392,500 for the year ending April 30, 2013. There was a decrease over the last year in the number of attached and detached homes for sale in Barrington. The number of attached homes for sale declined from 36 homes for sale for the year ending April 30, 2012 to 22 homes for sale for the year ending April 30. 2013, and the number of detached homes for sale dropped from 173 homes for sale for the year ending April 30, 2012 to 127 homes for sale for the year ending April 30, 2013. The year also showed a decrease in the number of new listings for homes in the area. The number of new listings for attached homes dropped from 76 new listings for the year ending April 30 2012 to 54 new listings for the year ending April 30, 2013. The number of new listings for detached homes also fell dropping from 400 new listings for the year ending April 30, 2012 to 394 new listings for the year ending April 30, 2013.

The month’s supply of inventory for attached homes fell from 25 homes for the year ending April 30, 2012 to 7.8 homes for the year ending April 30, 2013, and the month’s supply of inventory for detached homes dropped from 11.3 homes for the year ending April 30, 2012 to 6.9 homes for the year ending April 30, 2013. There were mixed results for the market time for attached and detached homes, townhomes, and condos in Barrington. The number of days attached homes remained on the market increased from 196 days for the year ending April 30, 2012 to 211 days for the year ending April 30, 2013. Whereas the number of days detached homes stayed on the market decreased from 191 days for the year ending April 30, 2012 to 156 days for the year ending April 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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