November 2013 Real Estate Performance Review for Kildeer by The John Herman Team

The John Herman Team has reviewed the new real estate stats for Kildeer, Illinois properties and reports that prices are up and inventory is down, and homes are staying on the market for a shorter time than a year ago.

The most dramatic numbers in the report are price and days on market. The average price of a home in Kildeer in November 2012 was $485,000, however, this year in November the median price was $660000, a 36.1% increase. While a year ago the average days on the market was 597, in November 2012 that number was down to 81 days, an astounding 86.3% decrease. This tells us that sellers are selling their homes for more money in less time.Supply of homes stayed the same, a year ago there were 7.2 months supply, while this year the supply is 7.1 months supply. Likewise, the number off properties on the market did not change much, but was down a little with 32 properties available in November 2013 and 38 available in November 2012, a 15.8% decrease.There were 3 properties reported as closed sales in both November 2012 and November 2013. There was also no change in the number of properties listed in November 2012 and November 2013, with 6 being listed in both periods.

The John Herman team has analyzed these numbers and summarizes that it is a great time to sell. Inventory is needed and buyers should be ready to make a decision if they see a home they like. As always, contact the John Herman team for expert advice in buying or selling in Kildeer homes.

November 2013 Real Estate Performance Review for Kildeer by The John Herman Team

The John Herman Team has reviewed the new real estate stats for Kildeer, Illinois properties and reports that prices are up and inventory is down, and homes are staying on the market for a shorter time than a year ago.

The most dramatic numbers in the report are price and days on market. The average price of a home in Kildeer in November 2012 was $485,000, however, this year in November the median price was $660000, a 36.1% increase. While a year ago the average days on the market was 597, in November 2012 that number was down to 81 days, an astounding 86.3% decrease. This tells us that sellers are selling their homes for more money in less time.Supply of homes stayed the same, a year ago there were 7.2 months supply, while this year the supply is 7.1 months supply. Likewise, the number off properties on the market did not change much, but was down a little with 32 properties available in November 2013 and 38 available in November 2012, a 15.8% decrease.There were 3 properties reported as closed sales in both November 2012 and November 2013. There was also no change in the number of properties listed in November 2012 and November 2013, with 6 being listed in both periods.

The John Herman team has analyzed these numbers and summarizes that it is a great time to sell. Inventory is needed and buyers should be ready to make a decision if they see a home they like. As always, contact the John Herman team for expert advice in buying or selling in Kildeer homes.

November 2013 Real Estate Performance Review for Port Barrington by The John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in Port Barrington homes. There were 2 homes sold a year ago in November, 2012 and 3 in November 2011. So all indications are that November is a historically slow month in Port Barrington.

Additionally there was no reporting for the median price change nor the time on market. In November 2012 the average price was $257500, up from $190000 in November 2011. Listings are on the increase however, as 5 homes were listed in November 2013, compared with 4 listed a year ago in November, for a 25% increase in listings. This brings the homes for sale in Port Barrington to 15 in November 2013. There were 16 homes for sale in November 2012.

Time on the market has gone down from 8 months supply to a 5.6 month supply, a 30.6% decrease.Although November was a slow month in sales, indications are still that sales are on the increase overall, as inventory is down and the months on the market is decreasing.

November 2013 Real Estate Performance Review for South Barrington by The John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in South Barrington, IL homes, and all signs point to this being a great time to sell.

Statistics for November 2013 show that the average sales price has gone up 31.3% compared with November 2012. A year ago the median price was $727,500 and this year it is reported as $955,000.Time on the market is also encouraging, as homes are selling at a brisk pace with an average of just 47 days on the market, compared with 242 days on the market last year. This is an 80.5% decrease in time on the market, a very good sign for sellers.

Not surprisingly, the inventory supply statistic supports the previous two statistics, as there is a 9.6 month supply of homes, and in November 2012 there was a 12.9 month supply, a 25.6% decrease.
There were 4 new listings added to other November 2013 inventory, compared with 3 in 2012, a 33.3% increase.
While numbers overall are encouraging, November was a slow month in closed sales, with just 2 being reported, compared with 5 in November 2012, a 60% decrease.

Although November was a slow month in sales, indications are still that sales are on the increase overall, as inventory is down and the months on the market is decreasing for South Barrington properties.

November 2013 Real Estate Performance Review for Hawthorn Woods by the John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in Hawthorn Woods properties, and all signs say that if you’ve got a home to sell that this is a great time to list.

Every indication in every category points to a strong market for sellers, and indicates that buyers need to be prepared to strike if they see a home they like. Prices are up, inventory is down, market time is down and months of supply are down.

According to the latest report the median price of a home in Hawthorn Woods was up 25.7% from a year ago. In November 2012 the average price was $383,000 and in November 2013 it was reported at $482,450. That is a significant increase and good news for sellers.

Another indication of a strong market is the number of homes on the market. In November 2013 there were 57 homes on the market, and in November 2012 there were 81. This is a 29.6% decrease. Fewer inventories mean more demand, another sign of strength, and a good time to sell.

Another supporting statistic for strong demand is that there is currently just a 4.9 month supply of homes on the market, versus last year when there was 10.6 month supply. This is an amazing 53.4% decrease.
In November 2012 5 home sales were closed, and in November 2013, 4 home sales were closed, a decrease of 20%. Given the overall picture of a strong market, this slight decrease of sales closed is not significant.

Listings were down for the same period a year ago. In November 2013 6 new listings hit the market, and in November 2012 there were 12 homes listed. This is a 50% decrease. Again, more homes are needed to keep up with demand.

And, evidence that homes are moving more quickly, and buyers are making faster decisions is the decreased time on the market. In November 2013 the average days on the market was significantly down to 87, while a year ago the figure was 264. This is a 67% decrease.

The overall analysis of these numbers indicates that it is a good time to sell and that buyers need to be ready to strike if they see a home they like in Hawthorn Woods Houses.

November 2013 Real Estate Performance Review for Barrington Hills by The John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in Barrington Hills,IL properties. The report shows mixed results with the most significant statistic, the number the closed sales, which is more than triple the number of homes sold for the same period last year.

In November 2013 there were 11 homes sold in Barrington Hills, versus only 3 sold in both November 2011 and 2012. This indicates we are heading toward a stronger sales market. Also on the upswing was the average price of homes sold, with a 3% jump in price with an average of $762,500 compared with an average price of $740,000 in November 2012. However, what is more significant is that in November 2011, the average sales price was $545,000. This shows significant market recovery, and that sales prices are realigning.

However, even though more homes were sold, and prices are up, overall time on the market was up by 55.3% from November 2012. The average time on the market for November 2013 was 258 days, while the average time on the market a year ago was 166 days. This means in order to get the higher price points, sellers are having to wait a little longer, but in the end, homes are selling for more.

At the same time, there are 20% more homes for sale in Barrington Hills than for the same period last year. In November 2013 there were 102 homes available, while in November 2013 only 85 homes were on the market. This is not a significant number, and most likely indicates that sellers are taking advantage of this being a good time to list and they are willing to wait for an acceptable price.

Not surprisingly, with more homes on the market, there is an increase in months of supply. In November 2013, based on homes available and length of time it is taking to sell, there was a 23.1 month supply of homes, as compared with a 14.8 month supply a year ago. This is a 56.2% increase. Again, this is most likely due to sellers jumping onboard in recent months and finding this is a good time to list. This proves true as there was a 33.3% increase in number of homes listed compared with November 2012.The analysis of all of these numbers boils down to this: Sellers are confident in the market and are listing their homes, they are willing to wait a little longer for a good price, and buyers will benefit from the good selection available and have longer to shop without having to make quick decisions.

November 2013 Real Estate Performance Review for North Barrington by The John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in North Barrington houses, and the report shows that prices are on the rise.

According to the latest report the median price of a home in North Barrington was up 64.7% from a year ago. In November 2012 the average price was $525,000 and in November 2013 it was reported at $864,500. That is a significant increase and good news for sellers.Another indication of a strong market is the number of homes on the market. In November 2013 there were 40 homes on the market, and in November 2012 there were 54. This is a 25.9% decrease. Fewer inventories mean more demand, another sign of strength, and a good time to sell.

Another supporting statistic for strong demand is that there is currently just a 7.5 month supply of homes on the market, versus last year when there was 11.6 month supply. This is a 35.2% decrease. More inventories is needed and this holds true in that listings were slightly down for the same period a year ago when 5 new listings hit the market, and in November 2013 there were 4 homes, a 20% decrease.
Coincidentally there were also 5 homes sold in November 2012 and 4 homes sold in November 2013, which matches the number of homes listed.

Length of time on the market was almost flat, with a 2.5% increase. Average time on the market in November 2012 was 711 days, and in November 2013 it was 728 days.The overall analysis of these numbers indicates that it is a good time to sell and that buyers need to be ready to strike if they see a home in North Barrington they like.

The John Herman team is pleased to offer 5814 Stonebridge Trail in McHenry, Illinois, 60060, $174900.

Looking for a place to spread out? Here it is!

With 2288 square feet and a 3 car garage, there is room for you and all of your cars at this beautiful home at 5814 Stonebridge Trail in McHenry, Illinois.

The open floor plan, with vaulted ceilings, features 4 levels of living space. On the main level you’ll find a carpeted 14 x 20 living room/dining room combo, a large 12 x 15 kitchen with updated light wood cupboards and white appliances. On the second level are two oversized bedrooms at 11 x 16, one being the master bedroom, which features its own bath. Another 2nd level bedroom is 10 x 12. A fourth bedroom on the lower level is 10×12. Also in the lower level is a huge 20 x 28 family room and a laundry room. There are 3 bathrooms in the home. The home has great curb appeal and sits on a third of an acre with a fenced backyard and features mature landscaping.

McHenry is located 50 miles northwest of Chicago and is located on the Fox River. There are approximately 31000 people living in McHenry, and gender is split almost 50/50.Demographics indicate an equal number of married and single people. While most people commute to work by driving, Metra’s Union Pacific/Northwest Line serves the area. Seventy-three percent of the people in McHenry own their homes. The workforce is 78% white collar and 22% blue collar. The largest employment sector is services, followed by retail and manufacturing. Average household income is estimated at about $80000. Centegra’s Northern Illinois Medical Center (NIMC) campus calls McHenry home and provides emergency, in and out-patient health care services to the City and surrounding areas. There is plenty of shopping in the area, including the big box retailers.
School bus service is nearby with the Elementary school being Riverwood, Junior High is Parkland and the High School is the McHenry-West Campus.

There is public sewer and water, gas forced air, radiant heat, and central air conditioning.The home was built in 1999 and has white vinyl siding. Annual property taxes are estimated at $6580.32.
A great buy at $174900. Call John Herman at 630 251 8006 today for your private tour.

November 2013 Real Estate Performance Review for Barrington Announced By John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review for homes in Barrington. The verdict: It’s a great time to sell! Highlights of the November report shows an increase in sales of detached single family homes as well as an increase in median price of detached single family homes.

The median sales price of detached homes in Barrington rose to $447,500, a 29.7% increase over the price in November 2012 of $345000. Number of closed detached homes rose 84.6% with 24 homes closed in November 2013, versus 13 closed in 2012. There were no attached single-family homes reported sold in November 2013, versus 1 sold in November 2012.

Evidence of a brisk market is present as there was a decrease of homes available for sale in both attached and detached single-family properties. Attached single-family homes showed a 37.5% decrease, with 10 homes available, versus in November 2012 when 16 homes were available. Detached single-family homes showed a 15.7% decrease, with 102 homes available, as compared to November 2012 when 121 homes were available for sale.

New listings during the month held almost steady with the same period in 2012.There was 1 new attached single-family home in Barrington listed in both November 2012 and 2013. There were 17 detached single-family homes listed in November 2012,compared with 16 listed in November 2013. Statistics also show that homes are staying on the market for less time compared with the same period one year ago. While sample size of attached single-family homes was not large enough to report, detached single-family homes showed a 23.9% decrease in days on market. In November 2012 the average length of time on the market was 119 days, compared with November 2013, when length of time on the market was just 91 days.

Statistics also show that more homes are needed to keep up with current buyer demand. Inventory was down, showing that homes are moving quicker than one year ago. In attached single-family homes there was a 43.2% decrease in inventory with a 2.8 month supply, versus a 4.9 month supply in November 2012. Detached single-family home statistics show a 4.3 month supply, or a 33.3% decrease compared with 6.5 month supply in November 2012.

Overall these numbers show that homes are moving more quickly, for more money and that more inventory is needed, making this a great time to sell.

November 2013 Real Estate Performance Review for Fox River Grove, Illinois by The John Herman Team

The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in Fox River, Grove properties and it appears that for the most part the market is almost the same as last year with very little change from November 2012 to November 2013 statistics…with one important exception: detached homes are selling for 36.5% more money.

In November 2012 the median price of a detached home in Fox River Grove was 162,659, while in November 2013, the median price was $222000. This is great news for sellers. On the other hand, prices for attached homes were down just a bit with a 13.9% decrease. In November 2012 the median price of an attached home was $115000, and in November 2013 it was $99000.The number of homes was almost the same from one year to the next. In November 2012 there were 3 attached homes for sale, and in November 2013 there were 2. In November 2012 there were 38 detached homes for sale, and in November 2013 there were 36, just 2 less, or a 5.3% decrease.

The number of new listings taken was exactly the same as a year ago in both detached and attached homes. There was 1 attached property listed in both November 2012 and 2013. There were 8 detached homes listed in November 2011, 2012 and 2013.Months of supply were slightly down for both, but not significantly so. There was a decrease from 1.8 months supply in November 2012 to 1.5 month supply in 2013. For detached homes there was a greater span. In November 2012 there was 6.7 months supply and in November 2013 there was a 4.6 month supply, or a 30,7% decrease.

Number of homes sold was flat, with 1 attached home sold in both November 2012 and in November 2013, and 4 detached homes sold in 2012 and 2013.The market in Fox River Grove was flat from the period a year ago, but the simple fact that homes are selling for more, show a market on the upswing a great time to sell in Fox River Grove real estate.