July 31, 2013 Real Estate Performance Review for Cary 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 Cary for the year ending July 31, 2013. The real estate performance review for homes in Cary showed an increase in the number of closed sales and the number of new listings for attached and detached home for sale.

Deals on Illinois homes

Deals on Illinois homes

The year did show some improvement in the market time for attached and detached homes.

The John Herman team is pleased to announce the latest real estate performance review results for Cary for the year ending July 31, 2013. The real estate performance review for homes in Cary showed an increase in the number of closed sales and the number of new listings for attached and detached home for sale.

The number of closed sale for attached homes in Cary increased by 58%, going from 41 closed sales for the year ending July 31, 2012 to 65 closed sales for the year ending July 31, 2013, and the number of closed sales for detached homes rose by 60%, increasing from 208 closed sales for the year ending July 31, 2012 to 333 closed sales for the year ending July 31, 2013. The year had mixed results for the median sales price for homes sold in this community. The median sales price for attached homes decreased, falling from $120,000 for the year ending July 31, 2012 to $95,000 for the year ending July 31, 2013, while the median sales price for detached homes rose from $172,250 for the year ending July 31, 2012 to $210,000 for the year ending July 31, 2013.

The Illinois real estate performance review showed a decrease in the number of attached and detached homes for sale in Cary.The number of attached homes for sale decreased from 41 homes for the year ending July 31, 2012 to 31 homes for the year ending July 31, 2013 and the number of detached homes for sale fell from 189 homes for the year ending July 31, 2012 to 145 homes for the year ending July 31, 2013. There was, however, an increase in the number of new listings for both attached and detached homes for sale. The number of new listings for attached homes rose from 82 new listings for the year ending July 31, 2012 to 104 new listings for the year ending July 31, 2013, and the number of new listings for detached homes increased from 401 new listings for the year ending July 31, 2012 to 485 new listings for the year ending July 31, 2013.

There was also a decline in the month’s supply of inventory for the Cary homes for sale. The month’s supply of inventory for attached homes fell from 12.1 homes for the year ending July 31, 2012 to 7.1 homes for the year ending July 31, 2013. Whereas, the month’s supply of inventory for detached homes dropped from 12.5 homes for the year ending July 31, 2012 to 6.6 homes for the year ending July 31, 2013. The year did show some improvement in the market time for attached and detached homes. The number of days attached homes remained on the market fell from 195 days for the year ending July 31, 2102 to 145 days for the year ending July 31, 2013, and the number of days detached homes stayed on the market dropped from 185 days for the year ending July 31, 2012 to 125 days for the year ending July 31, 2013.

About John Herman:

John Herman Hometown 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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