Real Estate Performance Review for Port Barrington Announced by John Herman Team
(PRWEB) August 12, 2013 -- The John Herman team is pleased to announce the latest real estate performance review results for Port Barrington for the year ending June 30, 2013. The real estate performance review for homes in Port Barrington showed an increase of 26% in the median sales price, and a rise of nearly 30% in the number of closed sales.
The market time for homes sold in this community made an upturn this year, increasing from $150,000 for the year ending June 30, 2013 to $190,000 for the year ending June 30, 2013. There was also an increase in the number of closed sales for home in the area, as the number rose from 17 closed sales for the year ending June 30, 2012 to 22 closed sales for the year ending June 30, 2013.
The Illinois real estate performance review did, however, reveal a decrease in the number of homes for sales. The number of homes for sales has gradually dropped over the past three years falling from 22 homes for the year ending June 30, 2011 to 21 homes for the year ending June 30, 2012 to 17 homes for the year ending June 30, 2013. This year did show a slight improvement in the number of new listings for home in the area. The number of new listings rose this year from 45 new listings for the year ending June 30, 2012 to 48 new listings for the year ending June 30, 2013.
The year also showed some improvement in the market time for homes sold in the area, as the number of days homes remained on the market fell from 291 days for the year ending June 30, 2012 to 137 days for the year ending June 30, 2013. In a downturn, the year had a decrease in the month’s supply of inventory for Port Barrington homes for sale. The month’s supply of inventory has fallen over the past three years, declining from 11.3 homes for the year ending June 30, 2011 to 10.7 homes for the year ending June 30, 2012 to 8.4 homes for the year ending June 30, 2013.
About John Herman:
John Herman, Hometown Real Estate is considered the Best Barrington real estate broker who serves the entire city of Barrington and its surrounding areas. He has more than 12 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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