Real Estate Performance Review for Palatine 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 Palatine for the year ending June 30, 2013.

Deals on Illinois homes

Deals on Illinois homes

The number of closed sales for attached homes rose by 33%, increasing from 506 closed sales for the year ending June 30, 2012 to 676 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 Palatine for the year ending June 30, 2013. The real estate performance review for homes in Palatine showed an increase in the number of closed sales for both attached and detached homes for the year. The number of closed sales for attached homes rose by 33%, increasing from 506 closed sales for the year ending June 30, 2012 to 676 closed sales for the year ending June 30, 2013. The number of closed sales for detached homes increased by 52%, rising from 324 closed sales for the year ending June 30, 2012 to 494 closed sales for the year ending June 30, 2013. The review showed mixed results for the median sales price for attached and detached homes in the area. The median sales price for detached homes dropped slightly falling from $78,250 for the year ending June 30, 2012 to 78,000 for the year ending June 30, 2013, and the median sales price for detached homes rose from $260,000 for the year ending June 30, 2012 to $288,000 for the year ending June 30, 2013.

There was a decrease, however, in the number of homes for sale reported in the Illinois real estate performance review. The number of attached homes for sale fell from 447 homes for the year ending June 30, 2012 to 260 homes for the year ending June 30, 2013.The number of detached homes for sale also dropped, falling from 270 homes for the year ending June 30, 2012 to 209 home for the year ending June 30, 2013. There was an increase in the number of new listings for both attached and detached homes. The number of new listings for attached homes increased from 991 new listings for the year ending June 30, 2012 to 933 new listings for the year ending June 30, 2013, and the number of new listings for detached homes rose from 690 new listings for the year ending June 30, 2012 to 820 new listings for the year ending June 30, 2013.

There was some improvement in the market time for homes sold during the year. The number of days attached homes remained on the market dropped from 173 days for the year ending June 30, 2012 to 141 days for the year ending June 30, 2013, and the number of days detached homes stayed on the market fell from 186 days for the year ending June 30, 2012 to 120 days for the year ending June 30, 2013. The year showed a decrease in the market time for Palatine homes for sale as the market time for attached homes fell from 11.1 homes for the year ending June 30, 2012 to 5.1 homes for the year ending June 30, 2013, and the market time for detached homes decreased from 10.7 homes for the year ending June 30, 2012 to 5.8 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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