Real Estate in Barrington & The Northwest Suburbs: Kildeer Real Estate - Market Report 2011 v 2010

A small town in the northwest suburbs of Chicago, Kildeer real estate  is primarily higher end homes on 1 or more acre lots but I searched the internet this morning and found it lacking in market reports. So for those interested in Kildeer real estate this will be the first monthly report and you'll be able to come back for updates every month.

So let's think about what you would like to know. I'll try to cover it from both the buyers and sellers perspective. Sellers usually want to know market times and whether prices are going up or down, and buyers want to know if it's a good time to buy. So here goes with those answers and some more.

As I said Kildeer is a small town and therefore the sales each month are not the best indicator of trends. It's better that I compare the entire year to date with the same period in 2010. This graph does just that. Sales in 2010 totaled 44 homes, and so far in 2011 we are at 28 so currently we are a little off last years numbers by about 4 sales.

The question is will we catch up and sell more giving an indication of a positive market or less. Let's see how many Kildeer homes are under contract today. Well there are 9 which will bring us to 37 so my feeling is we might just hit the same number of very close to it.

What about list to sales price ratio. Well for the entire year of 2010 the average list to sales ratio in Kildeer was 92%. So far for the year 2011 we are at 93%. Of course that's not based on original list prices. If I factor that in we'll drop to about 85%. So sellers are still making price cuts to bring in buyers in Kildeer.

Average marketing time last year was 251 days and this year so far is 296 days. So Kildeer home sellers are still struggling to find buyers. When it comes to marketing your Kildeer home for sale, let's not forget the basics. Lots of crisp clear photos, virtual tours and a good write up. Without those the rest will not have any effect at all.

There are currently 59 available homes for sale in Kildeer and you can view them all or search for your Kildeer home at our web site.