Real Estate Performance Review for Long Grove Announced by John Herman Team

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There was an increase of 89% in the number of closed sales on homes, condos, and townhomes in Long Grove for the year ending April 30, 2013.

Deals on Illinois homes

Deals on Illinois homes

. The median sale price has dropped for three years in a row, falling from $642,500 for the year ending April 30, 2011 to $588,888 for the year ending April 30, 2012 to this year’s median sales price of $547,500 for the year ending April 30, 2013.

There was an increase of 89% in the number of closed sales on homes, condos, and townhomes in Long Grove for the year ending April 30, 2013. The number of closed sales for homes in the area has increased for the third straight year, as the number rose from 68 closed sale for the year ending April 30, 2011 to 73 closed sales for the year ending April 30, 2012 to finally 138 closed sales for the year ending April 30, 2013. However, the year end results did show a slight reduction of 7% in the median sales price for homes sold in the area. The median sale price has dropped for three years in a row, falling from $642,500 for the year ending April 30, 2011 to $588,888 for the year ending April 30, 2012 to this year’s median sales price of $547,500 for the year ending April 30, 2013.

There was also a decrease in the number of homes for sale in Long Grove, as the number of homes for sale dropped from 130 homes for sale for the year ending April 30, 2012 to 103 homes for sale for the year ending April 30, 2013. There was also a reduction in the number of new listings for homes in the area, as the number fell from 259 new listings for the year ending April 30, 2012 to 238 new listings for the year ending April 30, 2013. The decrease in the number of new listings and the number of homes for sale caused a decrease of 43.3% in the month’s supply of inventory. The month’s supply of inventory declined from 19.5 homes for the year ending April 30, 2012 to 11.1 homes for the year ending April 30, 2013. The year did show an improvement of 38.1% in the market time for homes, townhomes, and condos in Long Grove, as the number of days homes in the area stayed on the market dropped from 302 days for the year ending April 30, 2012 to 187 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. 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 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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