There was an increase of 500% in the number of closed sales in Port Barrington.
(PRWEB) September 14, 2013
The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Port Barrington. The month showed an increase in the number of new listings and closed sales, along with a rise in the median sales price for homes sold in the area.
There was an increase of 500% in the number of closed sales in Port Barrington. This number has actually risen for the past three years in a row, going from no closed sales in August 2011 to 1 closed sale in August 2012 to 6 closed sales in August 2013. There was also a dramatic increase of 157% in the median sales price for homes in this community. The median sales price rose from $80,000 in August 2012 to $206,000 in August 2013.
The August 2013 Illinois real estate performance review revealed a steady decrease in the number of homes for sale over the past three years. The number of homes for sale fell from 24 homes in August 2011 to 19 homes in August 2012 to 14 homes in August 2013. There was, however, a significant increase of 66% in the number of new listings for homes in Port Barrington. The number of new listings rose from 3 new listings in August 2012 to 5 new listings in August 2013.
The monthly review also showed a decrease in the month’s supply of inventory for Port Barrington homes for sale. The month supply of inventory dropped from 10.8 homes in August 2011 to 10.6 homes in August 2012 to 4.8 homes in August 2013. This month did show some improvement in the market time for homes homes sold in this community, as the number of days homes remained on the market fell from 357 days in August 2012 to 268 days in August 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.