The median sales price for attached homes rose by 77%, increasing from $45,200 in July 2012 to $80,000 in July 2013.
(PRWEB) August 29, 2013
The John Herman Team is pleased to announce the July 2013’s real estate performance review results for homes in Fox River Grove.The month of July 2013 showed a dramatic increase in the median sales price for both attached and detached homes in Fox River Grove.
The median sales price for attached homes rose by 77%, increasing from $45,200 in July 2012 to $80,000 in July 2013. Whereas, the median sales price for detached homes increased by more than 10%, rising from $195,000 in July 2012 to $215,000 in July 2013. The number of closed sales for home in the area stayed fairly steady. The number of closed sales for attached homes decreased by only one falling from 2 closed sales in July 2012 to 1 closed sales in July 2013 and the number of closed sales for detached homes remained steady at 9 closed sales for both July 2012 to July 2013.
The Illinois real estate performance review did, however, show a decrease in the number of homes for sale. The number of attached homes for sale fell from 6 homes in July 2012 to no homes in July 2013, and the number of detached homes for sale dropped from 48 homes in July 2012 to 37 homes in July 2013. There were mixed results for the number of new listings for homes in Fox River Grove. As the number of new listings for attached homes dropped from 1 new listings in July 2012 to no new listings in July 2013, the number of new listings for detached homes rose from 10 new listings in July 2012 to 16 new listings for July 2013.
There was a decrease in the month’s supply of inventory for Fox River Grove homes for sale. The month’s supply of inventory for attached homes dropped from 4.3 homes in July 2012 to no homes in July 2013, and the month’s supply of inventory for detached homes fell from 9.1 homes in July 2012 to 5.0 homes in July 2013. There was some improvement in the market time for homes in this community as the number of days attached homes remained on the market fell from 273 days in July 2012 to 123 days in July 2013, and the number of detached days homes stayed on the market dropped from 209 days in July 2012 to 134 days in July 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.