(PRWEB) September 18, 2013
The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Long Grove. The August 2013 performance review showed an increase in the median sales price, the number of closed sales and the number of new listings for homes in this community.
The latest real estate performance review showed an increase in the median sales price for homes in Long Grove. The median sales price rose from $620,000 in August 2012 to $626,000 in August 2013. There has also been a steady increase over the past three years in the number of closed sales in this community. The number of closed sales has increased from 10 closed sales in August 2011 to 11 closed sales in August 2012 to 12 closed sales in August 2013.
The Illinois real estate performance review revealed a continuing decrease in the number of homes for sale in Long Grove. The number of homes for sale has declined from 140 homes in August 2011 to 113 homes in August 2012 to 97 closed homes in August 2013. However, there has been some improvement in the market, as the number of new listings increased this month by 47%, going from 17 new listings in August 2012 to 25 new listings in August 2013.
The month continued to show a decrease in the month’s supply of inventory for Long Grove homes for sale, as this figure dropped from a 21. 3-month supply in August 2011 to a 12.8-month supply in August 2012 to a 8.0-month supply in August 2013. There was a significant improvement of nearly 80% in the market time this month, as the number of days homes remained on the market fell from 308 days in August 2012 to 62 days in August 2013.
About John Herman:
John Herman,Hometown is considered the Best Barrington real estate broker. 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.