(PRWEB) February 26, 2013
There was an increase in the number of closed sales of homes, condos, and townhomes in Long Grove for the third straight year. Rising from 67 closed sales for year ending January 31, 2011 to 83 closed sales for year ending January 31, 2012 to 118 closed sales for year ending January 31, 2013. January 31, 2013 figures also revealed a significant decrease in the number of days homes stayed on the market. This number dropped from 313 days on the market two years ago to 198 days over the past year. This is good news considering the number of homes for sale in Long Grove decrease from 127 homes for year ending January 31, 2012 to 114 homes for year ending January 31, 2013. The number of new home listings also decreased from 255 new listings for year ending January 31, 2012 to 244 new listings for year ending January 31, 2013. The monthly supply of inventory also declined for the third year in a row as the number dropped from 23.2 homes for year ending January 31, 2011 to 19.4 homes for year ending January 31, 2012 to 14.1 homes for year ending January 31, 2013. The median sales price for home, townhomes and condos in Long Grove saw a slight decrease of nearly 5% for the year ending January 31, 2013. The median sales price dropped from $588,000 for year ending January 31, 2012 to $560,000 for year ending January 31, 2013.The release of January 31, 2013 figures shows the more homes in the Long Grove area are being sold, and they are selling at a faster rate.. This is encouraging news that may suggest an improvement in the housing market.
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. Johns 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 Masters 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.