(PRWEB) May 02, 2013
There was a significant increase of 26.2% in the median sales price for homes, townhomes, and condos in North Barrington for the year ending March 31, 2013. The median sales price rose from $ 407,000 for the year ending March 31, 2012 to $ 513,750 for the year ending March 31, 2013. There was also an increase in the number closed sales for homes in the area. The number of closed sale rose from 2 closed sales for the year ending March 31, 2012 to 4 closed sales for the year ending March 31, 2013. This is encouraging news since the year did see a decrease in the number of homes for sale in the area. The number of homes for sale in North Barrington dropped by 25.4%. The number of homes for sale fell from 71 homes for the year ending March 31, 2012 to 53 homes for the year ending March 31, 2013. After seeing a decrease last year in the number of new listings, as the number fell from 17 new listings for the year ending March 31, 2011 to 12 new listings for the year ending March 31, 2012, this number remained steady this year at 12 new listings for the year ending March 31 2013.
There was a sharp decrease in the months supply of inventory for the third straight year. The months supply of inventory fell from 20.9 homes for the year ending March 31, 2011 to 17.4 homes for the year ending March 31, 2012 to 12.5 homes for the year ending March 31, 2013. This represents a decrease of 28.1% for the year ending March 31, 2013. The year also saw a large increase in the market time for homes, condos, and townhomes in North Barrington. The number of days homes remained on the market increased from 132 days for the year ending March 31, 2012 to 562 days for the year ending March 31, 2013.
Welcoming his 12th year of Real Estate experience, http:// 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.
