(PRWEB) May 23, 2013
There was a dramatic increase of 15.9% in the number of closed sales for homes, townhomes, and condos in North Barrington for the year ending April 30, 2012. There has been an increase in the number of closed sales in the area for the third year in a row. The number of closed sale rose from 40 closed sales for the year ending April 30, 2011 to 44 closed sales for the year ending April 30, 2012 to 51 closed sales for the year ending April 30, 2013. There was, however, a slight dip in the median sales price for home sold in the area. The median sales price fell for the third straight year, dropping from $ 602,500 for the year ending April 30, 2011 to $ 600,000 for the year ending April 30, 2012 to $ 530,000 for the year ending April 30, 2013. There was also a decrease in the number of homes for sale in North Barrington, as the number fell from 75 homes for sale for the year ending April 30, 2012 to 57 homes for sale for the year ending April 30, 2013.
There was a decrease in the number of new listings of homes for sale in the area. The number of new listings dropped from 105 new listings for the year ending April 30, 2012 to 93 new listings for the year ending April 30, 2013. The drop in the number of homes for sale, as well as, the number of new listings also caused a decline in the months supply of inventory for the year. The months supply inventory fell from 19.0 homes for the year ending April 30, 2012 to 13.8 homes for the year ending April 30, 2013. The year also showed a sharp increase in the market time for homes, condos, and townhomes in North Barrington, as the number of days homes remained on the market rose from 332 days for the year ending April 30, 2012 to 432 days for the year ending April 30, 2013. The above figures are for detached homes in the area, as there were no attached homes for sale for the year ending April 30, 2012. However, there was one new listing for the year ending April 30, 2013, which is down from 4 new listings for the year ending April 30, 2012.
Welcoming his 12th year of Real Estate experience, John Herman effectively turns buyers into owners, and closes listings successfully with Barrington Real Estate, Illinois. Clients are quickly referred to as guests in his home market, welcoming everyone to his performance standards uniquely separating him from the competition. Johns diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hard working Realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Masters Degree, John is also certified in Foreclosure and Short Sale transactions along with certification as an Accredited Home Buyer Representative. John and his team are localized experts with over 20 years of real estate experience within the beautiful area of Chicago. John Herman controls the necessary actions to position the right inspector, plumber, or resourceful help needed to close every deal properly.
