The median sales price rose by more than 17%, increasing from $575,000 for the month of August 2012 to $677,000 for the month of August 2013.
(PRWEB) September 17, 2013
The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Kildeer. The real estate market in this community showed a substantial improvement in the median sales price and the number of new listings.
The median sales price rose by more than 17%, increasing from $575,000 for the month of August 2012 to $677,000 for the month of August 2013. This figure is even better than August 2011’s median sales price of $633,000. After seeing a 40% decrease last year in the number of closed sales on homes in Kildeer, as the figure fell from 5 closed sales for the month of August 2011 to 3 closed sales for the month of August 2012, this month’s total remained steady at 3 closed sales.
Furthermore, the Illinois real estate performance review revealed that there has been a steady decrease in the number of homes for sale in Kildeer. The number of homes for sale dropped from 62 homes for the month of August 2011 to 43 homes for the month of August 2012 to 37 homes for the month of August 2013. There was, however, an improvement of 30% in the number of new listings for homes in this community. The number of new listings dropped from 10 new listings for the month of August 2012 to 13 new listings for the month of August 2013.
The real estate review also showed a drop in the month’s supply of inventory for Kildeer homes for sale. The month’s supply of inventory has fallen over the past three years, as it decreased from a 19.6-month supply for the month of August 2011 to a 8.7-month supply for the month of August 2012 to a 7.3-month supply for the month of August 2013. There was an improvement in the market time for homes sold in the community, as the number of days homes stayed on the market fell from 206 days for the month of August 2012 to 161 days for the month of 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.