Real Estate in Barrington & The Northwest Suburbs

As I start this post I almost wonder before I do my research what the results will show me. Why, well I guess it's because I watch the Barrington real estate sales and new listings every day and in my mind I have a note to self about how many homes there are for sale in Wynstone in the price around $800,000. My recall tells me it's a lot.

Let's take a look. In fact there are 13 homes for sale between $700,000 and $900,000 with prices from $745,000 to $894,000. All are 4 or 5 bedroom homes. In one subdivision that's a lot of competition in a set price range. 9 of these homes have reduced their price, some more than $100,000. The size of the homes is not necessarily in line with the price either. Property number two for example with a price of $747,000 down from $895,000 has more square footage than the other 11 priced higher.

In total there are 43 homes for sale. Let's look at our sales for the last quarter, see if things are moving a little. Here is the graph for the first three quarters of 2011.

Closings doubled over last quarter, but in fact are only 1 more than the first quarter, so it's not a drastic "flag waving" event. With 19 sales over 9 months that's just over 2 homes sold per month. With 43 homes available it means the inventory is going to take 21 months to sell.

Wynstone is still suffering, perhaps more than many other parts of Barrington. Granted it's a beautiful subdivision to live in but the monthly assessments are high and I am sure home-owners would like to see the taxes start to fall, they are still much more than a comparable home outside of Wynstone.

I'll be back at the end of the year to update you all but my gut tells me it will not have changed a lot. Have a great fall season.

Wynstone Homes are part of the Gated Community and Golf Course known as Wynstone and is situated in North Barrington Illinois

At the time of writing there are 57 homes for sale in Wynstone North Barrington. Prices start at $575,000 and go up to $4,200,000

• There are 5 three bedroom homes, 27 four bedroom homes and 25 homes have five bedrooms or more.

• There are 2 attached homes for sale with prices of $575,000 and $695,000. These 2 homes are 3 bedroom duplexes on Clubhouse Drive.

• There are 9 available homes for rent in Wynstone with monthly rental amounts from $3,500 to $8,000.

In the last 12 months there have been 15 sales of Wynstone real estate with an average sale price of $913,827. 3 bedroom homes sold for an average of $600,000 and represented 83% of the final list price. 4 bedroom homes sold for an average of $1,039,000 which represented an average of 90% of the final list price. These percentages are low for the Barrington area which still has average list to sales price ratios of the mid 90%'s.

The average market time for detached homes was 414 days, well above Barrington's average, and for attached 793 days.

Residents of Wynstone Real Estate benefit from the Gated entryway of the community, and children attend Lake Zurich district 95 schools.

View all the available homes in Wynstone Real Estate in Wynstone Gated Community and Golf Course in North Barrington Illinois.