The number of closed sale for home in North Barrington more than doubled this month, going from 5 closed sales in July 2012 to 11 closed sales in July 2013.
(PRWEB) August 27, 2013
The John Herman Team is pleased to announce the July 2013’s real estate performance review results for homes in North Barrington. This month’s review showed a dramatic increase in the number of new listings and the number of closed sales for homes in this community.
The number of closed sale for home in North Barrington more than doubled this month, going from five closed sales in July 2012 to 11 closed sales in July 2013. The median sales price, however, saw a decline as the number fell from $700,000 in July 2012 to $536,000 in July 2013. Although this shows a decrease of 23 percent, it is still slightly higher than July 2011’s figure of $500,000.
The month also showed a decline in the number of homes for sale in North Barrington, as the number of homes for sale fell from 65 homes in July 2012 to 47 homes in July 2013. The Illinois real estate performance review also showed a dramatic increase in the number of new listings for homes in the area. The number of new listings rose from eight new listings in July 2012 to 14 new listings in July 2013.
The month did show some improvement in the market time for homes sold in the area, as the number of days homes remained on the market fell slightly from 277 days in July 2012 to 256 days in July 2013. The month’s supply of inventory for North Barrington homes for sale has fallen over the past three years. The month’s supply of inventory dropped from 18 homes in July 2011 to 18.8 homes in July 2012 to only 8.1 homes in July 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 two percent 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.