The month showed an increase in the number of closed sales for May 2013, according to Illinois real estate data
(PRWEB) June 27, 2013
The John Herman team is pleased to announce the latest real estate performance review details for Tower Lakes for the month of May 2013. Tower Lakes is a small community in Lake County, located about 15 minutes north of Barrington, Illinois. The month of May 2013 revealed a significant increase in the number of homes in Tower Lakes for sale, as the number increased by 28.6% rising from seven homes for sale in May 2012 to nine homes for sale in May 2013. There was also an increase of 200% in the number of new listings on homes for sale in the area, as the number of new listings rose from only one new listing in May 2012 to three new listings in May 2013.
The month showed an increase in the number of closed sales for May 2013, according to the Illinois real estate performance data. The number of closed sales for homes, townhomes, and condos in Tower Lakes increased from no closed sales in May 2012 to 1 closed sale in May 2013. Since there were no closed sales for homes in the areas in May 2012, there is no median sales price to compare with this month’s median sales price of $140,000. However, May 2011’s median sales price was $750,000. While this represents a dramatic decrease from My 2011’s median sales price to May 2013’s median sales price, this is mostly due to the fact that there was only one closed sale for each month.
There was also an increase in the month’s supply of inventory for Tower Lakes homes for sale in May 2013, as the month supply of inventory rose from 4.0 homes in May 2012 to 5.5 homes in May 2013. The year also showed some improvement in the market time from May 2011 to May 2013, as the number of days homes remained on the market dropped from 238 days in May 2011 to 171 days in May 2013.
John Herman 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. 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. This provides John Herman with the skills necessary to assist clients in obtaining the right home, for the right price. 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.