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

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The John Herman team is pleased to announce the latest real estate performance review results for Long Grove for the year ending June 30, 2013. The real estate performance review for homes in Long Grove showed a 68% increase in the number of closed sales and a 4.4% increase in the median sales price.

Deals on Illinois homes

Deals on Illinois homes

The number of closed sale has nearly doubled over the past three years, rising from 75 closed sales for the year ending June 30, 2011 to 83 closed sales for the year ending June 30, 2012 to 140 closed sales for the year ending June 30, 2013.

The John Herman team is pleased to announce the latest real estate performance review results for Long Grove for the year ending June 30, 2013. The real estate performance review for homes in Long Grove showed a 68% increase in the number of closed sales and a 4.4% increase in the median sales price.

The number of closed sale has nearly doubled over the past three years, rising from 75 closed sales for the year ending June 30, 2011 to 83 closed sales for the year ending June 30, 2012 to 140 closed sales for the year ending June 30, 2013. The median sales price has also began to increase again, rising from $558,000 for the year ending June 30, 2012 to $582,500 for the year ending June 30, 2013.

The Illinois real estate performance review also revealed a decrease of 26% in the number of homes for sale in Long Grove. The number of homes for sale dropped from 131 homes for the year ending June 30, 2012 to 97 homes for the year ending June 30, 2013. The year also showed a slight decrease of 1.5% in the number of new listings. The number of new listings dropped from 264 new listings for year ending June 30, 2012 to 260 new listings for the year ending June 30, 2013.

There was an improvement of 28% in the market time for homes in this community. The number of days homes remained on the market dropped sharply from 252 days for the year ending June 30, 2012 to 140 days for the year ending June 30, 2013. There was also a decrease in the month’s supply of inventory for Long Grove homes for sale. The month supply of inventory has actually fallen over the past three years, dropping from 21.4 homes for the year ending June 30, 2011 to 19.3 homes for the year ending June 30, 2012 to 9.5 homes for the year ending June 30, 2013.

About John Herman:

John Herman, Hometown Real Estate 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.

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