John Herman Announces New Listing for Single-Family Home in Cary, Illinois

John Herman is pleased to release the details about his newest listing for a lovely home for sale in Cary, Illinois.

This single-family home is located in a lovely neighborhood where deer can be seen in the backyard, yet you are just 1 hour northwest of Chicago.

Although Cary is just a little over 6 square miles in area, it offers a great deal in the way of municipal services and has great schools. Known as a Tree City USA, Cary is located on the Fox River, which offers many recreational opportunities.

The population of Cary is estimated to be 26526 and the demographic make up shows a median age of 36.21, with 9072 households and 2.92 persons per household. About half of the residences have children. There has been 10% population grown since 2000. The population is half male and half female. The greatest number of the population is married (68%), 20% single, and 11% widowed or divorced.

The median home sale price in Cary is $190000 with a 12% turnover in homes annually, although 48.2% of people stay in their homes 5 years or more, showing a stable community. The vast majority of people in Cary own their homes (88%), while 7% rent and 4% are vacant.

The workforce is made up of 71% white collar and 29% blue collar with leading industries being services, manufacturing, retail, and wholesale in that order. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.

The average household income is $115,666. Most people drive to work (87%), while some take advantage of the public transportation available, which includes a Metra train that provides daily service to the Ogilvie Transportation in Chicago. Major nearby freeways are US Rt. 14, and Illinois Rt. 31. Lake in the Hills Airport is approximately two miles west of Cary.

There are 3 elementary schools in Cary, Briargate, Three Oaks, and Algonquin Road Elementary. Fox River Middle School and Cary Grove Community High are the only public junior and high schools. There is one K-12 non-denominational school, Trinity Oaks Academy, and one K-8 Roman Catholic school, Saints Peter and Paul. The home at 318 High is located in the Briargate school area.

There is a large parks department featuring community gardens, a dog park, golf and over 20 parks in the area. There is a wide community education and recreational offerings, and dozens of community events throughout the year that bond Cary’s residents.

The home at 319 High Rd, Cary, Illinois is a two story home with 2231 square feet, with 4 bedrooms and 2 1/1 baths, in the Brigadoon subdivision. All 4 bedrooms are upstairs, featuring a master bath and 2nd bathroom as well as a half bath on the main floor. There is a fireplace and 2 car garage and full basement. It features beautiful landscaping and a park-like backyard and a hot tub deck. It’s close to the Metra, shopping and other conveniences. It is priced at $299900. Call John Herman at 773-625-1121 today for a personal tour.

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.

November 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 November 2013 real estate performance review in Cary homes and reports that prices are going up on both attached and detached homes compared with a year ago. In November 2013, the average price of an attached home was $120000, compared with $77,500 in November 2012. This is a 54.8% increase. For detached homes the rise in prices was even higher, at $270000, compared with $169750 from a year ago, a 59.1% increase.

It is taking slightly longer on the market to get those higher prices, however. Attached homes in Cary are staying on the market just a bit longer at 122 days, compared with 118 last year, a 3.6% increase. Detached homes were on the market 153 days in November 2013, and just 121 days in November 2012, a 26.2% increase.

On the other hand, inventory is down overall, with just a 3.8 month supply in both attached and detached properties. In November 2012, however, there was a 10.6 month supply of attached homes (64.3% decreases) and a 7.6 month supply of detached homes, a 50.5% decrease. This is supported by listings that were even at 8 in November 2012 and November 2013 for attached properties, and 18 new listings in November 2013 compared with 24 in November 2012, a 25% decrease.There are also less listings on the market overall in Cary. There were 29 attached homes available in November 2013, compared with 38 in November 2012, a 23.7% decrease. There were 114 detached homes in Cary available, compared with 153 in November 2012, a 25.5% decrease.
Sales were on the increase in attached homes, with 9 sold in November 2013, and 6 in November 2012, a 50% increase. However, there were 45.8% less detached homes sold in November 2013, with 13 reported, compared with 24 in November 2012.

The overall market is strong, with higher prices, and brisk sales, pointing to a good time to sell, with more inventory needed to keep up with demand.