The median sales price for homes in Kildeer increased significantly this month, going from $505,000 in September 2012 to $692,500 in September 2013.
(PRWEB) October 22, 2013
The John Herman Team is pleased to announce the performance results from Kildeer’s September 2013 real estate review. This September 2013 report shows a 37% increase in the median sales price for homes for sale in Kildeer.
The median sales price for homes in Kildeer increased significantly this month, going from $505,000 in September 2012 to $692,500 in September 2013. After the number of closed sales remained steady at 5 closed sales for September 2011 and September 2012, this month saw a decrease of 40%, as the figure dropped to 3 closed sales for the month of September 2013.
The Illinois real estate performance review continued to show a decrease in the number of homes for sale in Kildeer, as this figure has fallen for the past three years. The number of homes for sale has decreased from 65 homes for sale in September 2011 to 45 homes for sale in September 2012 to 37 homes for sale in September 2013. There was also a decrease in the number of new listings for homes this month, as the number of new listings fell from 11 new listings in September 2012 to 6 new listings in September 2013.
The month also showed a decline in the month’s supply of inventory for Kildeer homes for sale. The month’s supply of inventory has steadily decreased for the last three years, going from a 19.5-months supply in September 2011 to a 9.0-month supply in September 2012 to a 7.5-month supply in September 2013. There was an improvement this month in the market time for homes sold in this community, as the number of days homes remained on the market fell from 151 days in September 2012 to 78 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.