Barrington Hills Real Estate Market - Month End June 2011
How is the Barrington Hills real estate market is doing? We know that Barrington Hills has a different kind of real estate to other Barrington areas, mostly because it has much bigger parcels of land and because much of the area is zoned for horses. Now we are half way throuhg the year I am adding Barrington Hills as a monthly report so you can come back here often to monitor progress. Let's start with a year to date graph of the sales and market time. I'll update this every month. For now here are the Barrington Hills real estate market sales January through June 2011.
Barrington Hills never has a lot of sales in a month as it's a small village but over the year we'll see about 30 to 35 homes sold. With 116 homes for sale and 10 currently under contract, there is still an adequate demand for homes in the low to middle price ranges. The upper quartile certainly has less demand. Now let's look at sales price to list price ratios. I am going to show you the sales price as a percentage of the original list price and the final list price.
I hope you can see the numbers at the top, which show the final sales price as a percentage of the original list and final list prices. It sure shows many of the sales had to make price cuts before getting a sale. So far this year we have closed 21 sales of homes in Barrington Hills. That's more than last year to the same date when there were 15. The lowest sale price was $343,740 and the highest $3,000,000. So perhaps things are looking up, more sales and sales in a wide range of prices. It's the best time of year to have your Barrington Hills real estate on the market for sale, we know when the cold comes out the buyers go in. Call today for your appointment or request a price estimate.
Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
847-363-3686
Copyright Corinne Guest June 2011 * Barrington Hills Real Estate Market - Month End June 2011 *
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
Nice graphs Corinne. I'm sure buyers and sellers in Barrington Hills will appreciate the visual aid. They certainly help to understand the Barrington Hills real estate market better.
Of course I'm biased, I'm a big fan of graphs, as you know and just love my market reports!