The August 2013 review showed an increase of 36.9% in the median sales price for attached homes for sale,as the total rose from $65,000 in August 2013 to $89,000 in August 2013.
(PRWEB) September 26, 2013
The John Herman Team is pleased to release the latest results from the August 2013’s real estate performance review for homes in Fox River Grove. This monthly report showed an increase in the median sales price for both attached and detached homes in this community.
The August 2013 review showed an increase of 36.9% in the median sales price for attached homes for sale,as the total rose from $65,000 in August 2013 to $89,000 in August 2013. The median sales price for detached homes rose by 31.9%, as the total increased from $171,000 in August 2012 to $225,000 in August 2013. There were mixed results for the number of closed sales in the area, as the number of closed sales for attached homes fell from 3 closed sales in August 2012 to 1 closed sales in August 2013, and the number of closed sales for detached homes rose from 11 closed sales in August 2012 to 12 closed sale in August 2013.
The Illinois real estate performance review did, however, show a decrease in the number of homes for sale in Fox River Grove. The number of attached homes for sale fell from 4 homes in August 2012 to 1 home in August 2013, and the number of detached homes for sale dropped from 44 homes in August 2012 to 34 homes in August 2013. On the other hand, there was an increase this month in the number of new listings for homes in this community. The number of new listings for attached homes rose from no new listings in August 2012 to 2 new listings in August 2013, and the number of new listings for detached homes increased from 12 new listings in August 2012 to 15 new listings in August 2013.
The review went on to reveal a decrease in the months supply of inventory for Fox River Grove homes for sale. The month’s supply of inventory for attached homes fell from a 3.0-month supply in August 2012 to a 0.5-month supply in August 2013, and the month’s supply of inventory for detached homes fell from a 7.9-month supply in August 2012 to a 4.5-month supply in August 2013. There were additional mixed results in the market time for attached and detached homes. The number of days attached homes remained on the market fell from 249 days in August 2012 to 236 days in August 2013, whereas the number of days detached homes stayed on the market increased from 79 days in August 2012 to 106 days in August 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.