July 31, 2013 Real Estate Performance Review for Port Barrington 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 Port Barrington for the year ending July 31, 2013.

Deals on Illinois homes

Deals on Illinois homes

The median sales price for homes sold in Port Barrington rose by more than 20% over the past year, as the figure rose from $165,000 for the year ending July 31, 2012 to $200,000 for the year ending July 31, 2013.

The John Herman team is pleased to announce the latest real estate performance review results for Port Barrington for the year ending July 31, 2013. The real estate performance review for homes in Port Barrington showed a significant increase in the median sales price and the number of closed sales for the year.

The median sales price for homes sold in Port Barrington rose by more than 20% over the past year, as the figure rose from $165,000 for the year ending July 31, 2012 to $200,000 for the year ending July 31, 2013. The year also showed an increase of 47% in the number of closed sales for homes in this community. The number of closed sales rose from 17 closed sales for the year ending July 31, 2012 to 25 closed sales for the year ending July 31, 2013.

The Illinois real estate review revealed a steady decrease in the number of homes for sale over the last three years. The number of homes for sale in this community fell from 22 homes for the year ending July 31, 2011 to 20 homes for the year ending July 31, 2012 to 16 homes for the year ending July 31, 2013. The number of new listings in this community has remained fairly consistent over the past three years, with 48 new listings for the year ending July 31, 2011 and 46 new listings for the years ending July 31, 2012 and July 31, 2013.

There was also a steady decrease over the past three years in the month’s supply of inventory for Port Barrington homes for sale. The month’s supply of inventory dropped from 11.7 homes for the year ending July 31, 2011 to 10.2 homes in July 31, 2012 to 7.7 homes in July 31, 2013. Good news for the market showed an improvement of 47% in the market time for homes sold in this community. The number of days homes remained on the market fell from 277 days for the year ending July 31, 2012 to 145 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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