The month’s performance data also showed significant improvement in the number of new listings for both attached and detached homes, condos, and townhomes in Fox River Grove.
(PRWEB) June 22, 2013
The John Herman Team is pleased to announce the latest real estate performance data for Fox River Grove for May 2013. Fox River Grove is a small, yet thriving community located just 10 minutes northwest of Barrington. The month of May 2013 revealed a significant increase in the number of closed sales for homes in Fox River Grove as the number of closed sales for attached homes increased from no closed sales in May 2012 to 2 closed sales in May 2013, and the number of closed sales for detached homes rose from 3 closed sales in May 2012 to 10 closed sales in May 2013. There were mixed results, however, for the median sales price for homes sold in the area. The median sales price for attached homes was $80,500, which shows a significant increase since there were no closed sales for attached homes in May 2012. However, the median sales price for detached homes declined this month, falling from $220,000 in May 2012 to $152,750 in May 2013.
The month’s Illinois real estate performance data also showed significant improvement in the number of new listings for both attached and detached homes, condos, and townhomes in Fox River Grove. The number of new listings for attached homes rose from no new listings in May 2012 to 1 new listing in May 2013, whereas the number of new listings for detached homes increased from 13 new listings in May 2012 to 17 new listings in May 2013. However, the month also revealed an overall decrease in the number of homes for sale as the number of attached homes for sale dropped from 8 homes in May 2012 to 1 home in May 2013, and the number of detached homes for sale fell from 53 homes in May 2012 to 35 homes in May 2013.
There was also a decrease in the month’s supply of inventory, as the month’s supply of inventory for attached homes fell from 6 homes in May 2012 to 0.5 homes in May 2013, and the month’s supply of inventory for detached homes fell from 11.4 homes in May 2012 to 4.8 homes in May 2013. The month of May 2013 also showed an increase in the market time for homes for sale in Fox River Grove, as the number of days detached homes remained on the market rose from 11 days in May 2012 to 92 days in May 2013. The number of days attached homes stayed on the market for May 2013 was 73 days, but since there were no closed sales in May 2012, there is no data to compare this too.
John Herman 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. 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. This provides John Herman with the skills necessary to assist clients in obtaining the right home, for the right price. 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.