There was also an improvement of 12% in the market time for homes, townhomes, and condos in South Barrington that were sold in March 2013.
(PRWEB) April 12, 2013
There was a significant increase of 100% in the number of closed sales for homes, condos, and townhomes for sale in South Barrington for March 2013. The number of closed sales rose for the third straight year, as the number increased from 1 closed sale in March 2011 to 3 closed sales in March 2012 to six closed sale in March 2013. This is good news considering the number of homes for sale in the area has steadily decreased over the last three years. The number of homes for sales has dropped from 89 homes in March 2011 to 62 homes in March 2012 to finally 54 homes this March 2013.
There was, however, a slight increase in the number of new listings for homes for sale in South Barrington, which is encouraging news. The number of new listings increased from 15 new listings in March 2012 to 16 new listings in March 2013. There was also an increase in the month’s supply of inventory for the month of March 2013. The month’s supply of inventory increased slightly from 12 homes in March 2012 to 12.7 homes in March 2013. The median sales price for homes in the area decreased from $1,149.133 in March 2012 to $911,000 in March 2013. While this represents a 20% decrease, March 2013’s median sales prices is still significantly greater than March 2011’s figure of $525,000. There was also an improvement of 12% in the market time for homes, townhomes, and condos in South Barrington that were sold in March 2013. The number of days homes in the area remained on the market decreased from 140 days in March 2012 to 123 days in March 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.