John Herman Releases Details about New Listing for a Beautiful Ranch Home in Port Barrington, Illinois

The John Herman team is pleased to announce this beautiful ranch home just listed on the market. The home is found in the heart of Port Barrington, in the Riverwalk subdivision. Port Barrington is located just over an hour northwest of Chicago, and just 25 miles away from the O’Hare International Airport. This striking home is located at 402 Farnsworth Circle. It was built in 2001 and is in great condition. The three-bedroom, two-bath home includes 1834 square feet of living space and is located on a approximately half acre lot. It includes a large basement that is just waiting to be finished, which will add even more living space to the home, as well as, a three-car attached garage.

The village of Port Barrington, located in McHenry county is conveniently located closed to the train station, grocery stores, and shopping venues. This community has a population of just under 43,000 and residents maintain an average income of $179,308. This home is located in the 118 Wauconda school district. This home is served by Cotton Creek elementary, Matthews junior high, and Wauconda Community high school.

The population in Port Barrington is divided 50/50, male/female with 71% of the population being married. The median home sales price is $465,000 with 45.87% of people staying in their homes 5 years or more. Home ownership is high with 85% of the population owning their own home. It is a primarily white collar community, with 79% of the people employed in white collar jobs and 21% in blue collar jobs. Retail is the largest employer, followed by services, construction, finance, insurance and real estate, as well as some jobs in manufacturing, wholesale, and other fields.

Port Barrington is nestled in the Fox River Valley, located in both Lake and McHenry counties. There is plenty to do with walking, biking and snowmobile trails, boating, fishing and several parks and marinas within the boundaries. The Fox River Preserve offers its own marina, pavilions and connecting trails for more outdoor enjoyment. The village is served by many quaint local merchants, as well as national merchants, and features the Aboretum mall. There are many local and national dining opportunities as well.

This lovely home is priced at $209900. For your personal tour call the John Herman Team at 847-847-4711 or email assistant@hermanrealestate.com

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.

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.