The median sales price for attached homes in Fox River Grove rose by 175%, going from $58,000 in September 2012 to $159,900 in September 2013.
(PRWEB) October 24, 2013
The John Herman Team is pleased to announce the performance results from Fox River Grove’s September 2013 real estate review. This September 2013 report shows a substantial increase for the median sales price for both attached and detached homes for sale in Fox River Grove.
The median sales price for attached homes in Fox River Grove rose by 175%, going from $58,000 in September 2012 to $159,900 in September 2013. The median sales price for detached homes rose by 24%, increasing from $185,000 in September 2012 to $230,000 in September 2013. There was also an increase in the number of closed sales for detached homes, as this figure rose from seven closed sales in September 2012 to 11 closed sales in September 2013. The number of closed sales for attached homes remained steady at 1 closed sale for both September 2012 and September 2013.
The Illinois real estate performance report did, however, show a sharp drop in the number of homes for sale in Fox River Grove. The number of attached homes for sale fell from five homes in September 2012 to 1 home in September 2013, and the number of detached homes for sell went from 46 homes in September 2012 to 38 homes in September 2013. The report showed mixed results for the number of new listings in this area. The number of new listings for attached homes fell from three new listings in September 2012 to no new listings for September 2013. Whereas, the number of new listings for detached homes rose from seven new listings in September 2012 to nine new listings in September 2013.
There was also a decrease in the month’s supply of inventory for Fox River Grove homes for sale during September 2013. The month’s supply of inventory for attached homes dropped from a 3.5-month supply in September 2012 to a 0.6-month supply in September 2013, and the month supply of inventory for detached homes fell from an 8.6-month supply in September 2012 to a 5.0-month supply in September 2013. The month did reveal an improvement in the market time for home sold in this community. The number of days attached homes remained on the market fell from 591 days in September 2012 to 3 days in September 2013, and the number of days detached homes stayed on the market dropped from 154 days in September 2012 to 101 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.