John Herman Team Announces Real Estate Performance Review Results for Hoffman Estates for September 2013

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The John Herman Team is pleased to announce the performance results from Hoffman Estates’ September 2013 real estate review. This September 2013 report shows an increase in the median sales price for both attached and detached homes for sale in Hoffman Estates.

Deals on Illinois homes

Deals on Illinois homes

The number of closed sales for attached homes increased from 25 closed sales in September 2012 to 32 closed sales in September 2013

The John Herman Team is pleased to announce the performance results from Hoffman Estates’ September 2013 real estate review. This September 2013 report shows an increase in the median sales price for both attached and detached homes for sale in Hoffman Estates.

The median sales price for attached homes rose by 3.4%, going from $70,400 in September 2012 to $72,887 in September 2013, and the median sales price for detached homes rose by more than 17%, rising from $194,900 in September 2012 to $228,500 in September 2013. There were mixed results for the number of closed sale in Hoffman Estates for attached and detached homes. The number of closed sales for attached homes increased from 25 closed sales in September 2012 to 32 closed sales in September 2013, whereas the number of closed sales for detached homes dropped from 23 closed sales in September 2012 to 34 closed sales in September 2013.

The Illinois real estate review also showed a decrease in the number of attached and detached homes for sale in Hoffman Estates. The number of attached homes for sale fell from 136 homes in September 2012 to 57 homes in September 2013, and the number of detached homes for sale dropped from 188 homes in September 2012 to 109 homes in September 2013. There were also mixed results for the number of new listings in this community. As the number of new listings for attached homes dropped from 31 new listings in September 2012 to 21 new listings in September 2013, the number of new listings for detached homes rose from 41 new listings in September 2012 to 51 new listings in September 2013.

The month 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 a 7.0-month supply in September 2012 to a 1.9-month supply in September 2013, and the month’s supply of inventory for detached homes fell from a 7.1-month supply of inventory to a 2.7-month supply of inventory. The month did show improvement in the market time for both attached and detached homes in this community. The number of days attached homes remained on the market fell from 157 days in September 2012 to 95 days in September 2013, while the number of days detached homes stayed on the market fell from 138 days in September 2012 to 40 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.

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