August 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 August 31, 2013. The real estate performance review for homes in Port Barrington revealed a significant increase in the median sales price and the number of closed sales for homes in this community.

Deals on Illinois homes

Deals on Illinois homes

The median sales price rose by 30% this year, going from $157,500 for the year ending August 31, 2012 to $205,000 for the year ending August 31, 2013

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

The median sales price rose by 30% this year, going from $157,500 for the year ending August 31, 2012 to $205,000 for the year ending August 31, 2013. There was an additional increase of 66% in the number of closed sales for homes in Port Barrington. The number of closed sales has actually risen over the past three years, increasing from 16 closed sales for the year ending August 31, 2011 to 18 closed sales for the year ending August 31, 2012 to 30 closed sales for the year ending August 31, 2013.

The Illinois real estate review went on to show a decrease of nearly 20% in the number of homes for sale in Port Barrington. This number has actually fallen steadily for three years in a row, falling from 22 homes for sale for the year ending August 31, 2011 to 20 home for sale for the year ending August 31, 2012 to 16 homes for sales for the year ending August 31, 2013. There was, however, an increase this year in the number of new listings for homes for sale in this community. The number of new listings rose by 11%, increasing from 43 new listings for the year ending August 31, 2012 to 48 new listings for the year ending August 31, 2013.

The year also showed an additional decrease in the month’s supply of inventory for Port Barrington homes for sale. The month’s supply of inventory fell from a 10.2-month supply of inventory for the year ending August 31, 2012 to a 7.3-month supply for the year ending August 31, 2013. The year did show a dramatic improvement in the market time for homes sold in this community, as the number of days homes remained on the market declined from 281 days for the year ending August 31, 2012 to 162 days for the year ending August 31, 2013.

About John Herman:
John Herman 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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