Real Estate in Barrington & The Northwest Suburbs: South Barrington IL Homes For Sale - Market Report

South Barrington IL current has 97 homes for sale, all of them being single family homes. We are half way through the year and so I am curious. Is South Barrington doing better this year than last. I have already reported on the upper quartile for South Barrington now lets look at the whole picture as most homes fall well below some of these high priced homes.

The range of prices for South Barrington IL Homes for Sale is from $399,999 to $5,900,000. Most of the homes fall between $700,000 and $2,000,000. The lower price homes are either The Woods of South Barrington Active Adult homes or distressed and older/smaller homes.

In fact I have decided to compare this year to both 2009 and 2010 to give us a much broader idea of whats happening. The chart below shows sales by month through January 2009 to June 2011. Blue is 2009, red is 2010 and green is 2011.

South Barrington IL Homes Sold

In 2009 there were 37 home sold, about 3 every month. In 2010 it jumped to 49, just over 4 a month. That's a 25% increase in sales. The median sales point on 2009 from those sales was about $933,000, in 2010 it was $861,000, so more sales but a lower middle point.

Whoa what happened!! In 2011 so far we have only had 9 sales. Does that mean we are barely going to make 18 to 20 this year?

I hope not, things don't look good - keep reading, there is good news ahead! .

The median price has risen a little from last year to $882,000.

Here is the good news. As of today July 12th, there are 19 South Barrington homes under contract, yes 19. If they all closed later this month or in August, it will get is back on track with 28 in the first 8 months of the year. So if you are thinking of selling your South Barrington home, I think we just got a late start, who knows maybe it was the late start to summer.

I hope you found this report interesting, I know I did as I did the statistics. You can find all sorts of  "How's The Market" data and reports on this site and blog, but if you have a specific question, I'll do my very best to answer, just remember I don't have a crystal ball!

For now enjoy the summer months whether doing yard work, with your kids on holiday from school or going on a vacation, we all need some R & R. I'll be back in a couple of months looking at South Barrington again.

Oh if you want to look at homes for sale in South Barrington,  they are listed on my site.

Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686

Copyright Corinne Guest June 2011 *South Barrington IL Homes For Sale - Market Report*