Real Estate in Barrington & The Northwest Suburbs: Inverness Homes For Sale and Sold - Market Report from Your Buyers Agent

I haven't forgotten the Inverness homes for sale and sold market report due at the beginning of October and I do apologize for the delay. Sometimes things just get in the way, I am sad to say our family suffered a loss and we have all been dealing with that in our own way. Edward Guest was my Father in Law and his passing in England was not unexpected but always a timely reminder of how important both family and life is.

Back to business and I hope to give you more information this time, but if there is anything you would like to know not covered here, an email questionis all I need and I am happy to find your answer for you.

Before we delve into the data, have you looked out the window recently? It's a beautiful time of year with all the trees reaching their peak colors. I've got some Maple trees that are already bare, and some just turning,  my pear trees are still mostly green. Burning bushes are burning red and my white pines have shed their last year needles and are standing strong beside the Colorado Blue Spruce ready for the winter onslaught.

Our Viburnums have thousands of berries and it wont be long before they are covered in snow like my photo taken last year. Another reminder of how precious life is because it passes so fast.

Inverness Homes Sold

In the last 3 months there have been 24 homes sold in Inverness Illinois. Rather than give you the long list here you can find them at my Inverness homes sold page where they are all mapped out for you.

Lets look at the list price to sales price ratios. Both detached and attached have an average of 91%. Until we see this number start climbing back towards 95% we know it's still a buyers market. The average sales price to original list price is only 87%, meaning price cuts were needed from the original list price before a sale was achieved, another indication of being an Inverness buyers market. Even though we all hear and read good news and climbing sales in the media, these are just baby steps on the road to recovery and we still have some bumps ahead of us. The good news is how low our interest rates are. You might want to look at refinancing.

I've updated the quarterly charts for Inverness from last month, for average home price sales there's barely a change. For attached homes I did not have this graph ready last month but the average sales price has dropped due to mostly lower price units selling in August and September.

Inverness Homes For Sale

There are 147 homes for sale in Inverness. Another 20 are under contract at one stage or another. Last year we had 75 homes sold in Inverness. This year to the date of writing which is almost a full 10 months, we've had 63. If those 20 under contract all close by the end of the year we are up a little but as some maybe short sales and might well extend into 2012 lets be conservative and go with the same number as last year 75. That means there is almost 2 years of homes inventory for sale in Inverness Illinois, and that's not good.

Based on all these numbers Inverness is not out of the woods yet, not by a long shot. Patience is key and pricing is still critical.  What more can I say? Location is Inverness, could not get any better, so curb appeal needs looking at, upgrades and great decor will help, but your home will not sell if you cling to hopeless asking prices.

If you've been on the market 3 months or more, ask for a new Inverness home estimate (CMA) from your agent, make sure you are still priced right. If you are considering Inverness as a place to buy your next home, why not consider hiring a buyers agent at the same time. After all I get paid by the sellers broker and you get your own representation with no allegiance to the seller whatsoever-why wouldn't you? Call me, I would love to be your buyers agent for the Inverness, Barrington and Palatine areas, it's what I do. 847-363-3686 is my direct line.