(PRWEB) October 12, 2013
The John Herman Team is pleased to announce detailed information from Port Barrington’s September 2013 real estate performance review. This September 2013 report showed a decrease in the number of homes sold and the number of homes for sale in Port Barrington during the month.
The number of homes for sale in Port Barrington has actually fallen steadily over the past three years, dropping from 19 homes for sale in September 2011 to 17 homes for sale in September 2012 to 16 homes for sale in September 2013. There was, however, a significant increase of 400% in the number of new listings for homes in the area. The number of new listings fell last year, going from 3 new listings in September 2011 to only 1 new listing in September 2012, but this year’s total went up to 5 new listings for the month of September 2013.
The Illinois real estate performance review showed that there were no closed sales for homes in Port Barrington for the month of September 2013. This is compared to 2 closed sales in September 2012 and 5 closed sales in September 2011. There was, however, 6 closed sales last month, August 2013, which may account for there being no closed sales this month. This means that there was no median sale price figures to report this month. However, last year showed a 17% improvement, as the median sales price went from $150,000 in September 2011 to $175,000 in September 2012. Last month’s median sale price of $206,000 is also worth repeating here.
There was an additional decrease in the month’s supply of inventory for Port Barrington homes for sale. This figure dropped 43%, going from a 9.4-month supply in September 2012 to a 5.3-month supply in September 2013. Since there were no closed sales for the month, there is also no market time figures to report, but the number of days homes remained on the market in September 2012 was 210 days.
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.