There was also an increase this month in the median sales price, as the number rose slightly from $572,500 in September 2012 to $590,000 in September 2013.
(PRWEB) October 28, 2013
The John Herman Team is pleased to announce the performance results from Long Grove’s September 2013 real estate review. This September 2013 report shows an increase for the number of closed sales and the median sales price for homes for sale in Long Grove.
The number of closed sales for homes in Long Grove rose by 60% this month. In fact, the number of closed sales has increased for the past three years, as the number went from 4 closed sales in September 2011 to 10 closed sales in September 2012 to 16 closed sales in September 2013. There was also an increase this month in the median sales price, as the number rose slightly from $572,500 in September 2012 to $590,000 in September 2013.
The Illinois real estate performance review did, however, show a decrease in the number of homes for sale. The number of homes for sale fell for the last three years, going from 131 homes for sale in September 2011 to 112 homes for sale in September 2012 to 87 homes for sale in September 2013. On the other hand, there was a significant increase of 140% this month in the number of new listings, as the total rose from 10 new listings in September 2012 to 24 new listings in September 2013.
The report went on to show an additional decrease in the month’s supply of inventory for Long Grove homes for sale. The month’s supply of inventory has fallen steadily since 2011, going from a 19.4-month supply in September 2011 to a 12.8-month supply in September 2012 to a 6.7-month supply in September 2013. There was an increase this month in the market time for homes in this community, as the number of days homes remained on the market rose from 111 days in September 2012 to 170 days in September 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.