John Herman Team Releases Data from the September 30, 2013 Real Estate Performance Review for South Barrington

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The John Herman team is pleased to release the latest data received from the September 30, 2013 real estate performance review for South Barrington IL Real Estate.

Deals on Illinois homes

Deals on Illinois homes

The number of closed sales rose by more than 11 percent this year, going from 62 closed sales for the year ending September 30, 2012 to 69 closed sales for the year ending September 30, 2013.

The John Herman team is pleased to release the latest data received from the September 30, 2013 real estate performance review for South Barrington IL Real Estate. This report showed improvement in both the median sales price and the number of closed sales for this community.

The number of closed sales rose by more than 11 percent this year, going from 62 closed sales for the year ending September 30, 2012 to 69 closed sales for the year ending September 30, 2013. The year also showed a steady increase in the median sales price for homes sold in South Barrington. The median sales price for the year ending September 30, 2013 was $740,000, which represents a 1.4 percent increase over the year ending September 30, 2012’s median sales price of $729.713.

There was a decline of 8 percent, however, in the number of homes listed on the market for the year ending September 30, 2013. This figure has actually steadily decreased over the past three years, falling from 84 homes for sale for the year ending September 30, 2011 to 61 homes for sale for the year ending September 30, 2012 to 56 homes for sale for the year ending September 30, 2013. There was some encouraging news in the Illinois real estate performance review, as the number of new listings this year rose by 22.7 percent. The number of new listings increased from 128 new listings for the year ending September 30, 2012 to 157 new listings for the year ending September 30, 2013.

The month’s supply of inventory for South Barrington house for sale also decreased, falling by 4.9 percent, as the supply dropped from a 12.5-month supply for the year ending September 30, 2012 to a 11.9-month supply for the year ending September 30, 2013. This latest data did show an improvement in the market time for homes sold in this community, as the number of days homes stayed on the market fell from 194 days for the year ending September 30, 2012 to 176 days for the year ending September 30, 2013.

About John Herman:

John Herman,Hometown is considered the Best Barrington IL 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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