Real Estate Performance Review for South Barrington Announced by Herman Team

Share Article

There has only been a slight decrease in the median sales price for homes, townhomes, and condos in South Barrington over the last three years. The median sales price declined from $750,000 for the year ending April 30, 2011 to $738,463 for the year ending April 30, 2012 to this year’s figure of $730,000 for the year ending April 30, 2013

Deals on Illinois homes

Deals on Illinois homes

This drop in the number of homes for sale, along with a decline in the number of new listings in the area caused a decrease in the month’s supply of inventory for homes, condos, and townhomes in South Barrington.

There has only been a slight decrease in the median sales price for homes, townhomes, and condos in South Barrington over the last three years. The median sales price declined from $750,000 for the year ending April 30, 2011 to $738,463 for the year ending April 30, 2012 to this year’s figure of $730,000 for the year ending April 30, 2013. The year also saw a slight drop in the number of closed sales for the area, as the number fell from 56 closed sales for the year ending April 30, 2012 to 52 closed sales for the year ending April 30, 2013, however this figure is still higher than year ending April 30, 2011’s total of 41 closed sales. The year did show a decrease of 20.6% in the number of homes for sale in South Barrington, as the number fell from 72 homes for sale for the year ending April 30, 2012 to 57 homes for sale for the year ending April 30, 2013.

There was also a drop in the number of new listings for homes for sale in the area, as the number of new listings dropped from 137 new listings for the year ending April 30, 2012 to 119 new listings for the year ending April 30, 2013. This drop in the number of homes for sale, along with a decline in the number of new listings in the area caused a decrease in the month’s supply of inventory for homes, condos, and townhomes in South Barrington. The month’s supply of inventory fell from 16.4 homes for the year ending April 30, 2012 to 11.9 homes for the year ending April 30, 2013. The year ending April 30, 2013 showed an increase of 10.7% in the market time, as home sold in the area remained on the market dropped from 203 days for the year ending April 30, 2012 to 224 days for the year ending April 30, 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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

John Herman
Follow us on
Visit website