Real Estate Performance Review for Port Barrington Announced by John Herman Team

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There was an increase of 25.2% in the median sales price for homes, condos, and townhomes in Port Barrington. The median sales price jumped from $149,950 for the year ending March 31, 2012 to $187,750 for the year ending March 31, 2013.

Deals on Illinois homes

Deals on Illinois homes

The year did see a slight increase in the number of new listings, as the number rose from 45 new listings for the year ending March 31, 2012 to 48 new listings for the year ending March 31, 2013.

There was an increase of 25.2% in the median sales price for homes, condos, and townhomes in Port Barrington. The median sales price jumped from $149,950 for the year ending March 31, 2012 to $187,750 for the year ending March 31, 2013. After a sharp decline last year of 27.3% in the number of closed sales last year, this year saw an improvement of 12.5%. The number of closed sales dropped from 22 closed sales for the year ending March 31, 2011 to 16 closed sales for the year ending March 31, 2012 and then up again to 18 closed sales for the year ending March 31, 2013. This increase in both the median sales price and closed sales is a good sign for the market for Port Barrington homes. However, there was a decrease in the number of homes for sale in the area. The number of homes for sale decreased from 22 homes for the year ending March 31, 2012 to 18 homes for the year ending March 31, 2013.

The year did see a slight increase in the number of new listings, as the number rose from 45 new listings for the year ending March 31, 2012 to 48 new listings for the year ending March 31, 2013. While this does represent an 6.7% increase, it is still slightly lower than the year ending March 31, 2011’s figure of 50 new listings. The year saw a decrease in the month’s supply of inventory for homes, townhomes, and condos in Port Barrington, as the inventory dropped from 12 homes for the year ending March 31, 2012 to 9.4 homes for the year ending March 31, 2013. There was an improvement of 42.8% in the market time for homes sold in the area. The number of days homes remained on the market decreased from 272 days for the year ending March 31, 2012 to 156 days for the year ending March 31, 2013.

Welcoming his 12th year of Real Estate experience, John Herman effectively turns buyers into owners, and closes listings successfully with Barrington Real Estate, Illinois. Clients are quickly referred to as guests in his home market, welcoming everyone to his performance standards uniquely separating him from the competition. John's diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hardworking realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Master's Degree, John is also certified in Foreclosure and Short Sale transactions along with certification as an Accredited Home Buyer Representative. John and his team are localized experts with over 20 years of real estate experience within the beautiful area of Chicago. John Herman controls the necessary actions to position the right inspector, plumber, or resourceful help needed to close every deal properly.

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