John Herman Team Announces July 2013’s Real Estate Performance Review for Hoffman Estates

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The John Herman Team is pleased to announce the July 2013’s real estate performance review results for homes in Hoffman Estates.

Deals on Illinois homes

Deals on Illinois homes

There was a significant increase of 39.5% in the median sales price for attached homes in Hoffman Estates, as the price rose from $59,500 in July 2012 to $83,000 in July 2013.

The John Herman Team is pleased to announce the July 2013’s real estate performance review results for homes in Hoffman Estates. The month of July 2013 showed a dramatic increase in the median sales price and the number of closed sales for homes in this community.

There was a significant increase of 39.5% in the median sales price for attached homes in Hoffman Estates, as the price rose from $59,500 in July 2012 to $83,000 in July 2013. There was also a significant increase of 16.5% in the median sales price for detached homes as the price went from $230,000 in July 2012 to $268,000 in July 2013. More good news showed a dramatic increase in the number of closed sales. As the number of closed sales for attached homes doubled from 15 closed sales in July 2012 to 30 closed sales in July 2013, and the number of closed sales for detached homes more than doubled going from 29 closed sales in July 2012 to 75 closed sales in July 2013.

The Illinois real estate performance review also showed a decrease in the number of homes for sale in Hoffman Estates. The number of attached homes for sale fell from 149 homes in July 2012 to 79 homes in July 2013, and the number of detached homes for sale dropped from 191 homes in July 2012 to 112 homes in July 2013. There was also a decrease in the number of new listings for homes in this community. The number of new listings for attached homes fell from 43 new listings in July 2012 to 36 new listings in July 2013, and the number of new listings for detached homes for sale fell from 54 new listings in July 2012 to 52 new listings in July 2013.

There was some improvement in the market time for homes in the area, as the number of days attached homes remained on the market dropped from 77 days in July 2012 to 56 days in July 2013, and the number of days detached homes stayed on the market fell from 132 days in July 2012 to 73 days in July 2013. The month of July 2013 also showed a decrease in the month’s supply of inventory for Hoffman Estates homes for sale. The month’s supply of inventory for attached homes dropped from 8.1 homes in July 2012 to 2.8 homes in July 2013, and the month’s supply of inventory for detached homes fell from 7.5 homes in July 2012 to 2.9 homes 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.

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Deals On Homes
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