July 31, 2013 Real Estate Performance Review for South 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 South Barrington for the year ending July 31, 2013.

Deals on Illinois homes

Deals on Illinois homes

The median sales price for homes sold in South Barrington increased just over two percent, as it rose from $715,000 for the year ending July 31, 2012 to $730,000 for the year ending July 31, 2013

The John Herman team is pleased to announce the latest real estate performance review results for South Barrington for the year ending July 31, 2013. The real estate performance review for homes in South Barrington showed a slight increase in the median sales price and the number of new listings for this month.

The median sales price for homes sold in South Barrington increased just over two percent, as it rose from $715,000 for the year ending July 31, 2012 to $730,000 for the year ending July 31, 2013. The number of closed sales, however, has steadily fallen over the past three years. The number of closed sales dropped by 7.8 percent as it fell from 64 closed sales for the year ending July 31, 2012 to 56 closed sales for the year ending July 31, 2013.

The Illinois real estate performance review showed a steady decrease in the number of homes for sales for the past three years. The number of homes for sales dropped from 87 homes for the year ending July 31, 2011 to 64 homes for the year ending July 31, 2012 to 56 homes for the year ending July 31, 2013. There was good news, as the number of new listings increased by more than 10 percent. The number of new listings increased from 131 new listings for the year ending July 31, 2012 to 146 new listings for the year ending July 31, 2013.

There was also a drop in the month’s supply of inventory for South Barrington homes for sale for the year ending July 31, 2013. The month’s supply of inventory drops by 13 percent, going from 13.6 homes for the year ending July 31, 2012 to 11.9 homes for the year ending July 31, 2013. There was also an increase in the market time for homes sold in this community, as the number of days homes remained on the market fell from 179 days for the year ending July 31, 2012 to 227 days for the year ending July 31, 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 two percent 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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