(PRWEB) October 14, 2013
The John Herman Team is pleased to announce the performance results from Cary’s September 2013 real estate review. This September 2013 report shows an increase in both the median sales price and the number of closed sales for detached homes for sale in Cary.
The median sales price for detached homes has steadily increased over the past three years, going from $143,000 in September 2011 to $206.000 in September 2012 to $223,000 in September 2013. The median sales price for attached homes, however, saw a consistent decline over the past three years, dropping from $139,000 in September 2011 to $112,500 in September 2012 to $105,000 in September 2013. There was an additional increase in the number of closed sales for detached homes for sale in Cary, as the number rose from 14 closed sales in September 2012 to 35 closed sales in September 2013. The number of closed sales for attached homes remained consistent at 5 closes sales for both September 2012 and September 2013.
The September 2013 Illinois real estate performance review did reveal a decrease in the number of attached and detached homes for sale in Cary. The number of attached homes for sale fell from 34 homes in September 2012 to 28 homes in September 2013, and the number of detached homes dropped from 168 homes in September 2012 to 111 homes in September 2013. The review showed mixed results for the number of new listings for attached and detached homes. While the number of new listings for attached homes rose from 8 new listings in September 2012 to 12 new listings in September 2013, the number of new listings for detached homes fell from 30 new listings in September 2012 to 24 new listings in September 2013.
The monthly report went on to show a significant drop in the month’s supply of inventory for Cary homes for sales .The month’s supply of inventory for attached homes showed a decrease of 54%, as the figures dropped from a 8.9-month supply in September 2012 to a 3.8-month supply in September 2013. The month’s supply of inventory for detached home declined by 60%, going from a 8.7-month supply of inventory to a 3.5-month supply of inventory.
There were also mixed results for the market time for attached and detached homes. While the number of days attached homes remained on the market stayed steady at 81 days for September 2012 and September 2013, the number of days detached homes stayed on the market fell from 203 days in September 2012 to 87 days in September 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.