Wynstone Real Estate - North Barrington Market Report End 2010
Real estate in Wynstone North Barrington has not been very active this year. With only 7 homes sold the average marketing times of those sales was a wopping 864 days. If we compare this to 2009 there were 14 homes sold and an average marketing time of 361 days. 2009 was very similar to 2008 with 13 sales and an average marketing time of 331 days.
What about 2005? This was the last year that I consider we were a sellers market and there were 33 sales that year with an average market time of 300 days.
What has happened to the median price range during the last 5 years? Here's a quick chart:
2010 - $717,000
2009 - $730,000
2008 - $956,250
2007 - $1,162,500
2006 - $980,000
2005 - $1,154,000
As you can see since 2005 we have lost value in Wynstone Real Estate in North Barrington and the higher priced homes have not sold-the highest sales 2010 was for $1,300,000. So how many homes are for sale in Wynstone today? We have 53 listings of which 52 are single family homes, there is 1 golf villa. There are also 7 vacant lots for sale and 6 homes available for rent.
Of the 53 Wynstone homes listed 4 are under contract. The list prices of those are $519,900, $789,000, $795,000 and the last which is being sold as a short sale is listed at $1,000,000.
The data speaks for itself, only the lower end homes are selling, as to the reasons why, I think you could likely draw your own conclusions.
Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686
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Copyright 2010 Corinne Guest All Rights Reserved * Wynstone Real Estate - North Barrington Market Report End 2010 *
Corinne Guest
Realtor & Managing Broker
Royal Advocate Realty, Barrington
Call today 847-363-3686 for real estate and relocation service.
Suburban Real Estate - Lake Zurich, Hawthorn Woods, Kildeer, Long Grove
Corinne: As usual with your posts, this was very well done and offered a very clear picture regarding this local market's performance. Very concise and easy to understand. As you say, we can draw our own conclusions as to why the performance was such. We are left hoping that next year's report that you offer will be much more upbeat and positive for this area.
Hope you had a wonderful holiday. If we don't chat before ... have a great New Year!
Gene