Real Estate Performance Review for Barrington Hills Announced by John Herman Team
(PRWEB) July 29, 2013 -- The John Herman team is pleased to announce the latest real estate performance review results for homes in Barrington Hills. for the year ending June 30, 2013. The performance review showed an increase of over 10% in the median sales price for homes in the community. The median sales price rose from $569,000 for the year ending June 30, 2012 to $630,000 for the year ending June 30, 2013. After seeing an increase last year in the number of closed sales, as the number rose from 36 closed sales for the year ending June 30, 2011 to 53 closed sales for the year ending June 30, 2012, this year’s total remained steady at 53 closed sales for the year ending June 30, 2013.
This year’s Illinois real estate review also showed a decrease of 13% in the number of homes for sale. The number fell from 110 homes for sale for the year ending June 30, 2012 to 95 closed sales for the year ending June 30, 2013. There was also a decline of 11% in the number of new listings for the year ending June 30, 2013. The number of new listings dropped from 162 new listings for the year ending June 30, 2012 to 144 new listings for the year ending June 30, 2013.
The year also revealed a decrease of more than 38% in the month’s supply of inventory for Barrington Hills homes for sale for the year ending June 30, 2013. The month’s supply of inventory has actually fallen for the past three years, decreasing from 43.2 homes for the year ending June 30, 2011 to 29.4 homes for the year ending June 30, 2012 to 18.0 homes for the year ending June 30, 2013. The year also showed an increase of 22% in the market time for homes sold in the community. The number of days homes remained on the market rose from 288 days for the year ending June 30, 2012 to 352 days for the year ending June 30, 2013.
About John Herman:
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, 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.
John Herman, Deals On Homes, http://www.dealsonhomes.com, 847-847-4711, [email protected]
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