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

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There was a significant increase of 26.4% in the median sales price for homes, condos, and townhomes in Port Barrington for the year ending April 30, 2013.

Deals on Illinois homes

Deals on Illinois homes

The year ending April 30, 2013 also showed a dramatic improvement in the market time for homes, townhomes, and condos in Port Barrington.

There was a significant increase of 26.4% in the median sales price for homes, condos, and townhomes in Port Barrington for the year ending April 30, 2013. The median sales price for homes sold in the area increased from $149,900 for the year ending April 30, 2012 to $189,500 for the year ending April 30, 2013. The year also saw an increase of 26.7% in the number of closed sales for homes sold in the area, as the number of closed sales rose from 15 closed sales for the year ending April 30, 2012 to 19 closed sales for the year ending April 30, 2013. There was, however, a drop in the number of homes for sale in Port Barrington, as the number of homes fell from 22 homes for sale for the year ending April 30, 2012 to 18 homes for sale for the year ending April 30, 2013.

The year did show a slight increase in the number of new listings, as the number rose from 44 new listings for the year ending April 30, 2012 to 45 new listings for the year ending April 30, 2013. The decrease in the number of homes for sale in the area over the past year caused a decrease in the month’s supply of inventory for the year ending April 30, 2013. The month’s supply of inventory dropped from 11.6 homes for the year ending April 30, 2012 to 9.3 homes for the year ending April 30, 2013. The year ending April 30, 2013 also showed a dramatic improvement in the market time for homes, townhomes, and condos in Port Barrington. The number of days homes remained on the market decreased by 46.7%, dropping from 286 days for the year ending April 30, 2012 to 153 days for the year ending April 30, 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. Johns diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hard working Realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Masters 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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