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

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The John Herman team is pleased to announce the latest real estate performance review results for Barrington Hills for the year ending May 31, 2013. The real estate performance review for homes in Barrington Hills for the year ending May 31, 2013 revealed a 7.8% increase in the median sales price, as the price rose from $580,000 for the year ending May 31, 2012 to $625,000 for the year ending May 31, 2013.

Deals on Illinois homes

Deals on Illinois homes

The year also showed a sharp increase of 31% in the market time for homes sold in the area, as the number of days homes remained on the market rose from 280 days for the year ending May 31, 2012 to 369 days for the year ending May 31, 2013.

The John Herman team is pleased to announce the latest real estate performance review results for Barrington Hills for the year ending May 31, 2013. The real estate performance review for homes in Barrington Hills for the year ending May 31, 2013 revealed a 7.8% increase in the median sales price, as the price rose from $580,000 for the year ending May 31, 2012 to $625,000 for the year ending May 31, 2013. Barrington Hills is a small community that is about 10 minutes west of Barrington, and is uniquely located within four different counties, including Cook, McHenry, Lake, and Kane.There was also an rise in the number of closed sales for the year, as the number of closed sales increased by 20% going from 49 closed sales for the year ending May 31, 2012 to 59 closed sales for the year ending May 31, 2013.

However, the Illinois real estate performance review for Barrington Hills also showed a slight decline in the number of homes for sale in the area. The number of homes for sale fell from 110 homes for the year ending May 31, 2012 to 96 homes for the year ending May 31, 2013. There was also a slight decrease in the number of new listings for homes for sale in the area, as the number of new listings fell from 154 new listings for the year ending May 31, 2012 to 145 new listings for the year ending May 31, 2013.

This reduction in the number of Barrington Hills homes for sale also caused a decrease in the month’s supply of inventory for the year. The month’s supply of inventory dropped by 39%, going from 30.1 homes for the year ending May 31, 2012 to 18.3 homes for the year ending May 31, 2013. The year also showed a sharp increase of 31% in the market time for homes sold in the area, as the number of days homes remained on the market rose from 280 days for the year ending May 31, 2012 to 369 days for the year ending May 31, 2013.

John Herman, Hometown Real Estate is considered the [Best Barrington real estate broker who serves the entire city of Barrington and its surrounding areas. He has more than twelve years of experience in the local real estate market and is dedicated to providing his clients with exceptional services that assist them in obtaining the right home, for the right price. He holds a Master’s Degree, as well as, an Accredited Buyer Representative Certification, a Short Sale Foreclosure Resource Certification, and is an Equator Short Sale Certified Platinum Member. His decade long commitment to providing each customer with individualized and prompt customer services has earned him the Five Star Professional Award for the past three years. In fact, his customer service ratings were so high, that John Herman has been ranked among the top 2% of real estate agents in the Greater Chicago Area. This distinguished honor speaks volumes about his strong commitment to his clients and his dedication to providing optimal services.

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