Real Estate Performance Review for Inverness Announced by John Herman Team

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There was an increase in the number of closed sales for attached and detached homes, townhomes, and condos in Inverness.

Deals on Illinois homes

Deals on Illinois homes

The number of new listings for attached homes remained steady at 39 new listings for the years ending April 30, 2012 and April 30, 2013

There was an increase in the number of closed sales for attached and detached homes, townhomes, and condos in Inverness. The number of closed sales for attached homes increased for the third straight year, rising from 13 closed sales for the year ending April 30, 2011 to 16 closed sales for the year ending April 30, 2012 to 23 closed sales for the year ending April 30, 2013. The number of closed sales for detached homes also increased for three years in a row, rising from 58 closed sales for the year ending April 30, 2011 to 67 closed sales for the year ending April 30, 2012 to 102 closed sales for the year ending April 30, 2013. However, the median sales price declined for both attached and detached homes for the year ending April 30, 2013. The median sales price for attached homes dropped from $380,000 for the year ending April 30, 2012 to $320,000 for the year ending April 30, 2013.

The median sales price for detached homes fell from $555,000 for the year ending April 30, 2012 to $535,000 for the year ending April 30, 2013. The year did show a dramatic drop in the number of homes for sale in Inverness, as the number of attached homes for sale fell by 50.4% dropping from 19 homes for sale for the year ending April 30, 2012 to 9 homes for sale for the year ending April 30, 2013 and the number of detached homes for sale declined from 104 homes for sale for the year ending April 30, 2012 to 78 homes for sale for the year ending April 30, 2013. There were mixed results for the number of new listings for homes for sale in the area. The number of new listings for attached homes remained steady at 39 new listings for the years ending April 30, 2012 and April 30, 2013, whereas the number of new listings for detached homes fell by 9.1% dropping from 241 new listings for the year ending April 30, 2012 to 219 new listings for the year ending April 30, 2013.

There was also a decrease in the month’s supply of inventory for both attached and detached homes, condos, and townhomes in Inverness. The month’s supply of inventory for attached homes fell from 10.8 homes for the year ending April 30, 2012 to 4.0 homes for the year ending April 30, 2013, and the month’s supply of inventory for detached homes dropped from 20.2 homes for the year ending April 30, 2012 to 10.0 homes for the year ending April 30, 2013. There were mixed results for the market time for homes sold in the area, as the number of days attached homes remained on the market fell from 250 days for the year ending April 30, 2012 to 219 days for the year ending April 30, 2013 and the number of days detached homes stayed on the market dropped from 199 days for the year ending April 30, 2012 to 284 days for the year ending April 30, 2013.

Welcoming his 12th year of Real Estate experience, John Herman effectively turns buyers into owners, and closes listings successfully with Barrington Real Estate, Illinois. Clients are quickly referred to as guests in his home market, welcoming everyone to his performance standards uniquely separating him from the competition. John's diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hard working Realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Master's Degree, John is also certified in Foreclosure and Short Sale transactions along with certification as an Accredited Home Buyer Representative. John and his team are localized experts with over 20 years of real estate experience within the beautiful area of Chicago. John Herman controls the necessary actions to position the right inspector, plumber, or resourceful help needed to close every deal properly.

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