The 12 months Rolling Real Estate Performance Reviews for South Barrington, Illinois by The John Herman Team

The John Herman Team is pleased to report improved real estate trends in South Barrington, Illinois houses over the past year, compared with 2011 and 2012.

Sellers are jumping on board as there were 35.6% more new listings in 2013, compared with 2012. In 2013 there were 160 new listings added to inventory, while in 2012 there were 118 new listings, and in 2011 134. “This shows the best listing year in the past 3 years,” according to the John Herman team, “and this supports a growing market.”Other good news shows that homes were selling faster. In 2011 the average days on the market was 263, this dropped 23.9% in 2012 to 200 days, and then dropped again 24.3% in 2013 when the average time on the market was 152 days.

Prices have remained pretty steady over the past 3 years with the average price of a property in South Barrington $775000 in 2011, then a slight 5.8% drop to $730,000 in 2012, and then back to $775000 in 2013.
The overall inventory supply has also decreased over the past 3 years. In 2011 there was an average of 19 months of inventory that dropped 35.2% to 12.3 months in 2012, and dropped again 8.6% to 11.2 months in 2013.Number of homes sold has also steadily increased over the past 3 years. In 2011 there were 39 homes sold, then in 2012 a large increase of 61.5% shows that 63 homes sold, and in 2013 67 homes sold, a 6.3% increase.The number of homes to choose from was less each year since 2011. In 2011 there was an average of 82 homes to choose from at any given time. In 2012 that number dropped to 61 homes to choose from, a 25.7% decrease, and in 2013, there were just 55 homes to choose from as buyers considered their options. This supports less supply and higher demand, another sign of a strong market.
“Overall we are encouraged by the annual comparison figures for South Barrington, and hope for a strong 2014,” according to the John Herman team.

In 2011 there were 22 homes sold in Port Barrington. In 2012 there were 16 and in 2013 that number spiked to 26, a 62.5% increase in homes sold over the previous year.
Even better news is that they were selling more quickly than in the previous year. In 2011 the average days on the market was 245, that fell to 198 in 2012 and just 157 in 2013. That’s a 20.9% decrease in time on the market.There were fewer homes to choose from in 2013 than the previous two years at any given time. In 2010 there was an average of 22 homes on the market, in 2012 19, and in 2013 just 15 to choose from. This is a 21.6% decrease.

More light is shed on this statistic by looking at the number of new listings. In 2011 there were 52 new listings, in 2012 42, and in 2013 23.8% more homes were listed at 52. This means even though there were more homes listed, there were fewer to choose from at any given time (as reported above), which is because they are selling faster.Not surprisingly this number also affects the overall supply of inventory. In 2011 there was an average of 11.5 months supply of inventory. In 2012 the supply was 10.3 months and in 2013, if no other homes were to come on the market, the inventory would be depleted in 6.3 months. That is a 39% decrease in inventory supply in South Barrington homes.

And finally, the brightest piece of news for sellers is that homes were selling for more money in 2013 over 2012. In 2012 the average price of a single family detached home in Port Barrington was $182,250 down 10.1% from $202,699 in 2011). In 2013 the average price was $212,578, a 16.6% increase in price.

November 2013 Real Estate Performance Review for Schaumburg, Illinois by the John Herman Team

The John Herman team has analyzed the monthly real estate in Schaumburg, Illinois and sellers are enjoying greater success over a year ago, according to the numbers for November 2013.

If no new homes came on the market, there are only enough homes to sustain the local market in attached homes for 2 months and for detached homes for 3 months. This is significantly down from November 2012 when there was a 5 month supply of attached homes and 4.1 months supply of detached homes. These are increases of 59.2% and 27.4% respectively.

There are more homes coming on the market though, with 63 new listings in single family attached homes in Schaumburg and 27 new single family detached homes being added to inventory. This is pretty flat for attached homes as there were 66 listed in November 2012. This is a 4.5% decrease. The margin was even smaller compared with November 2012 for detached single family homes, when 24 were listed. That’s a 12.5% increase in listings taken.

There were 135 attached single family homes in Schaumburg for sale in November 2013, compared with 272 in November 2012, a 50.4% decrease. In detached single family homes there were 130 for sale in and 106 for sale in November 2013, an 18.5% decrease.Prices were up for Schaumburg real estate. Attached home prices went up from $96000 in November 2012 to $117000 in November 2013, a 21.9% increase. In detached homes, there was a 30.2% increase in prices, from $230000 in November 2012 to $299.500 in November 2013.
The number of homes sold was almost even from November 2012 to November 2013. In attached homes there were 51 sold in November 2012 and 53 sold in November 2013. In detached homes there were 29 sold in November 2012 and 30 sold in November 2013.

The John Herman Team announces a fantastic unit for rent at 1512 Blackhawk Ct Unit 5, Wood Dale, Illinois

The John Herman Team is proud to announce a premium rental unit in Wood Dale, Illinois, in the Bristol Park Townhome Community.

The City of Wood Dale, Illinois is a perfect place to live, close to everything, yet far enough to have a small town feel. It offers all of the benefits of a modern, urban city, while keeping a certain small town charm. Wood Dale is in Du Page County, and is located about 35 miles northwest of Chicago, with a population of 14069. It was incorporated in 1928 and became a city in 1970.

During the work day, the population of Wood Dale becomes about 35000, as many people work in Wood Dale. The city’s close distance to Chicago, O’Hare, and many interstate highways make it an ideal place to live and work. There are numerous shopping areas, golf courses, and businesses.

Wood Dale is a community that offers a variety of new housing opportunities including affordable condominiums, luxury town homes and single family homes. Wood Dale is currently experiencing economic growth, both in its industrial district as well as its downtown area.There is an awarding winning police department and the city prides itself on service to its residents, focusing on quality of life for the people who live in Wood Dale.Each August the Prairie Fest takes place and brings the people of Wood Dale together for a multi-day celebration involving food, events and a carnival.There are 16 parks in Wood Dale, giving plenty of leisure space. This includes a water park, with splash pad and other water features, golf courses, hiking trails, dog park, and more.

The median age of a Wood Dale resident is 36, number of households 5038, with approximately 2.79 persons per household, and 1825 homes with children. The largest percentage of residents are between the ages of 45 and 54, but the age of the population is well represented and only varies by a few hundred people from 0 years of age to 54 years of age with between 800 and 1100 people in each age group. The split is about 50-50 male/female. Fifty-seven percent are married, 24% are single, 4% are separated, 7% are widowed and 8% are divorced.

The median home sales price is $125000.

Schools in the area are Westview Elementary 3-5, Oakbrook Elementary K-2, Wood Dale Junior High 6-8, and Fenton High School, 9-12. The elementary and Junior high are rated a 7 and the high school a 6 according to greatschools.com, which uses test scores for their ratings.

Wood Dale has a station on Metra’s Milwaukee District/West Line, which provides daily rail service between Elgin, Illinois and Chicago, Illinois (at Union Station).

This apartment is located in the Bristol Park townhome community, which featurs a pond and beautiful landscaping on 12 acres.

You can enjoy living in Wood Dale in this 3 level unit, which features 2 bedrooms and 2 ½ bathrooms in the Bristol Park Condos for $1800 per month.

The unit features spacious living with a living room, dining room, kitchen, laundry, master bedroom with vaulted ceilings and private bath, and 2 additional bedrooms. A downstairs family room rounds out the living space.

The entire unit, which was built in 2005, has central air conditioning, and gas heat, public water and sewer and a 2 car garage. Monthly rent includes scavenger, lawn care, and snow removal.

No pets are allowed in this unit in Wood Dale home.

The 12 months Rolling Real Estate Performance Reviews for Barrington,Illinois by The John Herman Team

The John Herman Team has reviewed the real estate statistics for the past 12 months for Barrington, Illinois properties and reports that every category supports a strong real estate market, improved over the past year. There are more homes sold, higher prices and less time on the market.

The overall number of homes sold over the past 12 months increased by 19.6% for detached homes. In 2012, 224 homes were sold in Barrington, and in 2013 there were 268 homes sold. Movement in attached homes was also improved with 30 sold in 2012 and 39 in 2013, a 30% increase. This compares with 13 attached sold in 2011 and 171 detached sold in 2011. This is a steady 3 year improvement.

Looking back over the past 3 years the number of homes on the market is declining as well. For attached homes there were an average of 36 homes in 2011, 28 in 2012 and 18 in 2013. This is a 37.2% decrease. For detached properties in Barrington , there were 190 homes in 2011, 148 in 2012 and 114 to choose from at any given time in 2013. This is a 23.4% decrease. Less homes means more inventory is moving.

The length of time on the market was almost a steady decline, but attached homes ticked up slightly in 2012. In 2011 the average time on the market for an attached home was 180 days, in 2012 it was 223, and in 2013 it dropped to 178, a 20.4% decrease. For detached properties, the time on the market in 2011 was 187 days, in 2012 it was 169 and in 2013 it dropped to 112, a 33.8% decrease. Another good sign of market strength, is faster selling homes.

Increase prices also supports a strengthening market. For attached single-family homes in Barrington the average price in 2011 was $155000, in 2012 it was $146,250 and in 2013 it was $147,000, a .5% increase. For detached homes the average price in 2011 was $448,500, in 2012 it was $376850, and in 2013 it popped up to $439,500, a 16.6% increase.

The overall inventory, measured in months of supply also steadily declined over the past 3 years. In 2011 for attached homes, there were 22.7 months supplies, in 2012 14.7 months and in 2013 just 5 months, a 66% decrease. For detached homes, there was a 12.7 month supply in 2011, an 8.8 month supply in 2012 and in 2013 just 5.4 months, a 38.8% decrease.

The only part of the report that remained steady was the number of listings taken, but in this case, that also is indicative of a strong market for sellers, because fewer inventories means higher prices. For attached homes, 2011 91 new listings were taken, in 2012 53 were taken and in 2013 57 were taken. This represents a 7.5% increase. For detached homes, in 2011 392 listings were taken, in 2012 there were 406 new homes put on the market and in 2013, 425 new listings were submitted. This is a 4.7% increase.
If trends continue, 2014 will be a great year for real estate in Barrington, Illinois. Call The John Herman team for all of your real estate needs.

The 12 months Rolling Real Estate Performance Reviews for Port Barrington, Illinois by The John Herman Team

The John Herman Team is pleased to report a measured improvement in the real estate pulse in Port Barrington, Illinois properties over the past year, compared with 2011 and 2012.

More homes sold for more money over the past year than the year before, according to the John Herman team. In 2011 there were 22 homes sold in Port Barrington. In 2012 there were 16 and in 2013 that number spiked to 26, a 62.5% increase in homes sold over the previous year.Even better news is that they were selling more quickly than in the previous year. In 2011 the average days on the market were 245 that fell to 198 in 2012 and just 157 in 2013. That’s a 20.9% decrease in time on the market. There were fewer homes to choose from in 2013 than the previous two years at any given time. In 2010 there was an average of 22 homes on the market, in 2012 19, and in 2013 just 15 to choose from. This is a 21.6% decrease in Port Barrington houses.

More light is shed on this statistic by looking at the number of new listings. In 2011 there were 52 new listings, in 2012 42, and in 2013 23.8% more homes were listed at 52. This means even though there were more homes listed, there were fewer to choose from at any given time (as reported above), which is because they are selling faster. Not surprisingly this number also affects the overall supply of inventory. In 2011 there was an average of 11.5 months supply of inventory. In 2012 the supply was 10.3 months and in 2013, if no other homes were to come on the market, the inventory would be depleted in 6.3 months. That is a 39% decrease in inventory supply.

And finally, the brightest piece of news for sellers is that homes were selling for more money in 2013 over 2012. In 2012 the average price of a single family detached home in Port Barrington was $182,250 down 10.1% from $202,699 in 2011). In 2013 the average price was $212,578, a 16.6% increase in price.

The 12 months Rolling Real Estate Performance Reviews for North Barrington, Illinois by The John Herman Team

The John Herman Team is pleased to report a measured improvement in the real estate pulse in North Barrington, Illinois homes over the past year, compared with 2011 and 2012.

There have been increases in price and sales, decreases in times on market and overall the health of the market continues to improve, according to the John Herman team. Number of detached single-family homes sold has increased steadily from 2011 through 2013. There were 45 homes sold in 2011, 50 in 2012, and 62 in 2013, for a 24% increase over last year.

At the same time, the number of homes available has steadily decreased with an average of 77 on the market in 2011, 66 on the market in 2012 and 49 on the market in 2013. This is 25.8% less homes on the market per average over last year. Days on the market for 2013 was down from 2012, but up from 2011. In 2011 the average days on the market was 288, it popped up to 401 in 2012, but dropped slightly to 383 in 2013. This is a 4.4% decrease in time on the market.

Prices of homes improved some as well from 2012 to 2013. In 2012 the average home price was $541,250, while in 2013 it was $560,000, a 3.5% increase. In 2011 the average price was $624,999.Another sign of a brisk market is the inventory as measured by months of supply. In 2011 there was a 20.7 month supply of homes in North Barrington. In 2012 there was a 16.7 month supply and in 2013 that figure plummeted to a 9.9 month supply, a 41.1% decrease.

There were 113 new listings taken in North Barrington houses in 2013, while 94 new properties were listed in 2912, and 121 in 2011. This is a 20.2% increase from 2012 to 2013.The movement of attached single-family homes was stagnant in 2013 with no report of any sold or listed.

December 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 December 2013 real estate performance review in Hawthorn Woods homes, and there is less supply than a year ago, a good sign for upward sales trends in real estate.

There was no change in the past 3 years for December figures for number of homes sold, in either detached or attached homes. In December 2011, 2012 and 2013 there was 1 attached home sold, and in December 2011, 2012 and 2013 there were 9 detached homes sold.There has been a decrease of properties available shown by the fact that in December 2012 there were 4 attached properties available in Hawthorn Woods, while in December 2013 there was just 1, a 75% decrease in inventory. In December 2012 there were 72 detached homes available, and December 2013, there were 50, a decrease of 30.6%.

The time on the market for Hawthorn Wood detached homes in December 2012 was 96 days, and in December 2013 average time on the market dropped to 75 days, a 21.7% decrease.The month’s supply of inventory is down from a year ago. In December 2012 there was a 2.5 month supply of attached homes, and in December 2013, there was less than 1 month supply, a 68.6% decrease in inventory. For detached homes, in December 2012 there was a 9.5 month supply, and in December 2013 there was a 4.3 month supply, a 54.2% decrease.

There were no new listings taken for Hawthorn Woods attached homes in neither December 2012 nor December 2013. In December 2012 there were 8 detached homes listed, and in December 2013 there were 12 new listings added to inventory.Prices were slightly down in both attached and detached homes. In December 2012, $321,500 was the median price for an attached home in Hawthorn Woods, in December 2013 that dropped to $290,000, a 7.2% decrease. In detached homes, the median price in December 2012 was $ 495,000, and in December 2013 it was $457,500, a 7.6% decrease.

December 2013 Real Estate Performance Review for Deer Park by The John Herman Team

The John Herman Team is pleased to release the latest results for the December 2013 real estate performance review in Deer Park, Illinois homes.

While attached homes stayed flat, with just 1 sold in December 2012 and December 2013, detached homes showed a 300% increase in sales, with 1 sold in December 2012 and 4 sold in December 2013.Number of homes on the market from December 2012 to December 2013 stayed consistent. There was 1 attached home on the market in December 2012 and 2 in 2013. Likewise, for detached homes, in December 2012 there were 17 on the market and in December 2013 there were 18.

Time on the market increased slightly for attached homes. In December 2012 the average days on the market was 39, and in December 2013 it was 46 days, an increase of 17.9%. For detached homes in Deer Park there was a large increase of time on the market. In December 2012 homes were on the market an average of just 10 days (down from 387 days in 2012). In December 2013 the average time on the market was 58 days, a 475% increase.

The number of months of inventory was up in attached homes from just half a month in December 2012, to 2 months in December 2013. In detached homes there was 7.5 months of inventory in December 2012 and 3.9 months of supply in December 2013, a 47.5% decrease.Prices did not show a large change, but were slightly down for attached homes and slightly up for detached. In December 2012 the median price for an attached home in Deer Park was $390000, in December 2013 the price dropped 15.9% to $328,000. There was a 10.8% increase in the median price in detached homes. In December 2012 the median price was $400,000. In December 2013 it was up slightly to $443,001

December 2013 Real Estate Performance Review for Cary, Illinois by The John Herman Team

The John Herman Team is pleased to release the latest results for the December 2013 real estate performance review in Cary, Illinois real estate.

Attached homes showed a 350% increase in sales from December 2012 to December 2013, with only 2 being sold in 2012 and 9 being sold in 2013. Detached homes, on the other hand, showed a 33.3% decrease. In December 2012 there were 27 sold and in December 2013 just 18.Inventory was slightly down in both attached and detached homes from December 2012 to December 2013. In 2012 there were 36 attached homes for sale, and in December 2013, 29. In detached homes there were 138 for sale in December 2012 and 110 for sale in December 2013. This is 20.3% fewer homes. This sign of a market that is moving briskly.

This is further evidenced by the fact that time on the market was less in both categories. In December 2012 attached homes were e on the market an average of 95 days, while in December 2013 they moved off the market in just 50 days, a 46.9% decrease in time on the market. For detached homes the average time on the market in December 2012 was 144 days, while in December 2013 homes moved in just 65 days, a 54.6% decrease in Cary,IL houses.

The month’s supply further supports the fact things are moving more quickly. In December 2012 there was a 9.2 month supply of attached homes, while in December 2013, this number dropped to a 4.1 month supply, a 55.5% decrease. Similarly, for detached homes, in December 2012 there was a 6.9 month supply of homes, and in December 2013 this dropped 47.2% to 3.6 months.

Prices did not show much movement for the same period a year ago. In December 2012 the median price of attached property in Cary, Illinois was $104,000, while in December 2013 this increased 10.6% to $115,000. For detached properties, the median price in December 2012 was $170000, while in December 2013 this dropped slightly to $156,000, a small 8.2% decrease.

Sellers are responding to this information and listing their detached homes, while the number of attached listings for the same period was down slightly. In December 2012 9 attached properties came on the market, while in December 2013 just 7 were listed, a 22.2% decrease. In detached homes, in December 2012 17 were listed, while in December 2013 26 were listed, a 52.9% increase in inventory.

The John Herman Team is pleased to release the latest results for the December 2013 real estate performance review in Barrington, Illinois.

The John Herman Team is pleased to release the latest results for the December 2013 real estate
performance review in Barrington, Illinois. The overall statistics show a continued trend of market
health in Barrington properties.

Good news for sellers is that homes are selling quicker in terms of overall days on the market over
December 2012. A year ago the average time on the market for attached homes was 108 days, and in
December 2013 properties sold in an average of 91 days. Improvement was even greater with detached
homes. In December 2012 homes were on the market an average of 145 days, and in December 2013,
just 94 days, a 35.3% decrease.

Hand-in-hand with this statistic, the supply of homes in terms of months of supply is also down in both
attached and detached homed. In December 2011 there was over 2 years of supply of attached homes.
A huge decrease of 81.5% showed enormous improvement in 2012, down to a 4.9 months of supply.
However, In December 2013 there was just a 3 month supply of attached homes, a 39.2% decrease.
The months supply of detached homes also shows improvement over 3 years: In December 2011 there
was a 9.6 month supply, in December 2012 a 43.9% improvement to 5.4 month supply and in December
2013 there was a 4 month supply, a 25% decrease.

There were also less homes available, in a trend which has dropped incrementally since 2011. In
attached homes in December 2011 there were 33 available. In December 2012 there were 16 available,
and in 2013 just 11 attached homes in Barrington, a 31.3% decrease.
For detached homes in December 2011 there were 146 available, December 2012 there were 103, and
in December 2013 there were a 92, a 10.7% decrease from the previous year.

Reacting to this brisk market, sellers listed more properties than a year ago as well. In attached homes
in 2012 1 was listed, while in 2013 2 were listed. In detached homes a more significant increase was
shown. In 2012 9 homes were listed, however, in December 2013 17 homes were listed, a 88.9%
increase.

Attached home sales were slightly down from a year ago, with 4 being sold in December 2012 and 2
being sold in December 2013. For detached homes, however, there was an 80% increase in sales. In
December 2012 10 homes were sold, while in December 2013 18 were sold.
Sales prices are also on the increase, although they have not caught up to the level of 2 years ago. In
December 2011, the median price of attached homes was $254,500. In December 2012 this slumped
42.2% to 147,000, while in December 2013 there was a spike again to $177,000, a 20.4% increase from
2012.

In detached homes in Barrington the market seems to be catching up more quickly. In December 2011 the median price was $386250. In 2012, there was a drop to 284,377, a 29% decrease. In December 2013 the
median price was $352,500, a 28.5% increase.This all translates into good news for sellers who are finding that their homes are selling more quickly than a year ago and for more money.