July 31, 2013 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 July 31, 2013. The real estate performance review for homes in Palatine revealed an increase for the median sales price and the number of closed sale for both attached and detached homes.

Deals on Illinois homes

Deals on Illinois homes

The median sales price for attached homes increased by 2.9%, rising from $77,750 for the year ending July 31, 2012 to $80,000 for the year ending July 31, 2013

The John Herman team is pleased to announce the latest real estate performance review results for Palatine for the year ending July 31, 2013. The real estate performance review for homes in Palatine revealed an increase for the median sales price and the number of closed sale for both attached and detached homes.

The median sales price for attached homes increased by 2.9%, rising from $77,750 for the year ending July 31, 2012 to $80,000 for the year ending July 31, 2013, and the median sales price for detached homes rose by 12.6%, increasing from $260,000 for the year ending July 31, 2012 to $292,750 for the year ending July 31, 2013. There was also an increase in the number of closed sales for the year. The number of closed sales for attached homes increased from 516 closed sales for the year ending July 31, 2012 to 690 closed sales for the year ending July 31, 2013. Whereas, the number of closed sales for detached homes increased from 344 closed sale for the year ending July 31, 2012 to 514 closed sales for the year ending July 31, 2013.

The were mixed results for the number of new listings for homes in Palatine. As the number of new listings for attached homes decreased from 991 new listings for the year ending July 31, 2012 to 953 new listings for the year ending July 31, 2013, the number of new listings for detached homes rose from 723 new listings for the year ending July 31, 2012 to 819 new listings for the year ending July 31, 2013.

The Illinois real estate review also showed a decrease in the number of homes for sale. The number of attached homes for sale fell from 430 homes for the year ending July 31, 2012 to 252 homes for the year ending July 31, 2013, and the number of detached homes for sale dropped from 266 homes for the year ending July 31, 2012 to 205 homes for the year ending July 31, 2013.

The review went on to show a decrease in the month’s supply of inventory for Palatine homes for sale, as the month’s supply of inventory for attached homes fell from 10.5 homes for the year ending July 31, 2012 to 4.8 homes for the year ending July 31, 2013, and the month’s supply of inventory for detached homes dropped from 10.2 homes for the year ending July 31, 2012 to 5.6 homes for the year ending July 31, 2013. There was some improvement in the market time for both attached and detached homes in this community. The number of days attached homes remained on the market fell from 174 days for the year ending July 31, 2012 to 135 days for the year ending July 31, 2013, and the number of days detached homes stayed on the market dropped from 185 days for the year ending July 31, 2012 to 108 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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