July 31, 2013 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 July 31, 2013. The real estate performance review for homes in Long Grove showed a significant increase of 52% in the number of closed sales and an increase of 8.7% in the median sales price for homes sold this community.

Deals on Illinois homes

Deals on Illinois homes

The number of closed sales has risen steadily over the past three years, increasing from 77 closed sales for the year ending July 31, 2011 to 92 closed sales for the year ending July 31, 2012 to 140 closed sales for the year ending July 31, 2013.

The John Herman team is pleased to announce the latest real estate performance review results for Long Grove for the year ending July 31, 2013. The real estate performance review for homes in Long Grove showed a significant increase of 52% in the number of closed sales and an increase of 8.7% in the median sales price for homes sold this community.

The number of closed sales has risen steadily over the past three years, increasing from 77 closed sales for the year ending July 31, 2011 to 92 closed sales for the year ending July 31, 2012 to 140 closed sales for the year ending July 31, 2013. There was also an increase in the median sales price over the past year, as the figure rose from $559,000 for the year ending July 31, 2012 to $607,450 for the year ending July 31, 2013.

Furthermore, the Illinois real estate performance review showed an increase in the number of new listings for homes in Long Grove. The number of new listings has actually increase for three years in a row, rising from 226 new listings for the year ending July 31, 2011 to 258 new listings for the year ending July 31, 2012 to 276 new listings for the year ending July 31, 2013. The year did, however, reveal a decrease in the number of homes for sale in the community, as the number fell from 130 homes for sale for the year ending July 31, 2012 to 95 homes for sale for the year ending July 31, 2013.

The year also showed a significant decrease of 52% in the month’s supply of inventory for Long Grove homes for sale. The month’s supply of inventory has fallen from 20.9 homes for the year ending July 31, 2011 to 18.9 homes for the year ending July 31, 2012 to 8.9 homes for the year ending July 31, 2013. The year did show some improvement in the market time for homes sold in this community, as the number of days homes remained on the market fell from 242 days for the year ending July 31, 2012 to 178 days for the year ending July 31, 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.

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Deals On Homes
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