(PRWEB) September 29, 2013
The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Tower Lakes. The monthly review revealed an increase in the number of closed sales and the number of homes for sale in Tower Lakes.
The month showed an increase of 200% in the number of closed sales for homes in Tower Lakes, as the figure rose from 1 closed sale in August 2012 to 3 closed sales in August 2013. This figure is even better than August 2011’s total of 2 closed sales. Last year’s review showed an increase in the median sales price, as the price went from $465,000 in August 2011 to $532,00 in August 2012, However, this year’s median sales price fell by 62% dropping down to $377,500 in August 2013.
The Illinois real estate performance review went on to show an increase of 33% in the number of homes for sale in Tower Lakes. The number of homes for sale rose from 9 homes in August 2012 to 12 homes in August 2013. There was also an increase in the number of new listings for homes for sale in this community, as the figure rose from no new listings in August 2012 to 3 new listings in August 2013.
There was also an increase in the month’s supply of inventory for Tower Lakes homes for sale. The month’s supply of inventory rose from a 6.3-month supply in August 2012 to a 7.4-month supply in August 2013. There was also an improvement in the market time for homes sold in this community, as the number of days homes remained on the market dropped from 141 days in August 2012 to 52 days in August 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 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.