On the heels of my last blog about sale prices and date for homes sold In Inverness Illinois, I thought it appropriate to see what the average asking price for 2008/9 will buy in Inverness today. Before doing that if you are interested in the data I compiled, just click here. The approximate asking price for detached homes in Inverness for toady, April 2009 is $750,000 compared with $898,000 in 2005. So what kind of property can you buy at $148,000 less than 4 years ago? Well the average house in this price range is about 3500 square feet, has 4 bedrooms 3 and a half bathrooms, on 1 acre lot with a 3 car garage. Between $700,000 and $800,000 there are 16 homes available, although 3 have accepted contracts. You can choose between homes in the older subdivisions such as Macinstosh or new ... 04/16/2009

I thought residents of Inverness might like to know how well sales of homes are doing compared with the exact same time last year. I am comparing April 2007 to April 2008 with April 2008 to April 2009. I will round the numbers up for ease of reading. During the year April 2007 to April 2008 there were 74 detached homes sold. The average asking price was $778,000 and the average selling price was $731,000. This means homes were selling at 94% of the asking price. The average market time was 294 days.During the year April 2008 to April 2009 there were 40 detached homes sold. The average asking price was $756,000 and the average selling price was $691,000. This shows that homes were selling for 91% of the asking price, the average marketing time fell to 164 days. Now what was happening in ... 04/16/2009

2008 was definitely the year of short sales. During 2008 in Inverness 40 Single Family Homes Sold 18 Attached homes sold. i.e. condos and town homes/duplexes. Single Family Stats Out of 40 single family sales only 1 was a short sale. It was a bank owned home. The price was $405,000. Attached Home Stats No short sales. In summary In total this represented less than a half percent of the home sales. ***************************************************************************** Contact Corinne Guest and Jonathan Guest, of Royal Property Investments LLC Licensed Realtors® in Illinois, 847-381-6328. If you are looking for help with a Short Sale in Inverness or other town in Lake County, Cook County or McHenry County. Copyright © 2008 By Corinne Guest, All Rights Reserved. -- Short Sales - Inv... 01/02/2009

Inverness Illinois is a small town that shares the Palatine and Barrington zip codes. If you are interested in buying a foreclosed home in Inverness there are just a couple of things you should know before you dive in. Collectively there are hundreds of foreclosures in northern Illinois, but if you are very specific about the area you want and about the accommodation you need, please do not expect there to be hundreds for you to choose from. Banks sell foreclosed homes AS-IS most of the time. That means you do not get to negotiate for repairs. Banks generally will not sell to you if you have a home to sell or that needs to close before you can close the purchase. Offers must have either a pre-approval letter or proof of funds letter when we send the offer in. Pre-Qualification letters d... 12/27/2008

I have been reviewing the current foreclosures available in Inverness. For selected bank owned properties in Northern Illinois including Inverness, I am currently offering a buyers incentive of $1000 towards your closing costs. For more details and to see qualifying properties, follow this link. Or if you would like to search all listings, click here. ***************************************************************************** Contact Corinne Guest and Jonathan Guest, of Royal Property Investments LLC Licensed Realtors® in Illinois, 847-381-6328 for real estate services in Barrington Illinois and the northwestern suburbs. Our specialties are as follows: Jonathan  focuses on the selling side of residential homes, commercial real estate sales and leasing in Northern Illinois, and proper... 12/07/2008

Quick Links Are you considering renting out your single family or town home in Inverness Illinois? Are you leaving town for a year or more and need some one to manage your home while you are away? Our company specializes in property management for single family homes and townhomes in Inverness. We handle everything from finding tenants, tenant screening, lease document preparation, collecting rent, handling call outs, dealing with property maintenance requests, and at the end of the lease, a walk through of the property, collection of keys and commencing the process again as required. Because we are licensed real estate brokers we can also handle the sale of the property should you so wish. We also offer in house post tenant services, especially whole house cleaning, deep carpet cleanin... 11/24/2008

This complex of townhomes is located off Roselle Rd just north of Palatine Road. The street names are:Loch Lomond Drive Dirleton Lane Borthwick Lane Duntrune Lane Crichton Lane Strome Lane Fincham Lane Aberdour Lane Blair Lane Midmar Lane Glamis Lane Rosslyn Lane Tantallon Lane Kilchurn Lane Old Wick Lane Barra Lane Cawdor Lane Burleigh Lane Knockderry Lane Craigie Lane Lochleven Lane Brodick Lane Ravencraig Lane There are currently 3 units for sale. 2 bedroom, 2.5 bathroom unit with a loft for $449,000 2 bedroom, 2 bathroom ranch unit for $499,000 2 bedroom, 2 bathroom ranch unit for $549,900   In the past six months there have been 3 sales in the complex with a minimum sales price of $399,000*** to the high of $517,500. The average of 63 days on the market was skewed a little by the $... 11/04/2008

Ashbury - Condos & Townhomes This is a small complex situated off Algonquin Road just west of Roselle Rd, opposite the forest preserve. 2 units available with 2 beds and 2 baths at around $265,000. Maison du Comte - New Construction - Townhomes This is a new complex situated at the corner of Roselle Rd and Algonquin Rd. Properties are up scale town homes of 2 or 3 bedrooms and prices in the upper $500,000. There are currently 5 units on the MLS and more under construction. Shires of Inverness - Townhomes This is an more established complex also situated off Roselle Rd just north of the Euclid Ave junction. There are 10 units available ranging in price from $299,900 to $432,500. Units are either town homes or duplexes, 2 or 3 bedrooms with up to 3 full bathrooms, 2 car garages. Weathers... 10/26/2008

Inverness is an up scale community located between Barrington and Palatine in Cook County and sharing the zip codes of those 2 communities. The population of Inverness is approximately 7500. The crime rate is very low.Property in Inverness is broad in age homes built in the 1950'2 all the way to today's new construction. Some subdivisions in Inverness are: Ashbury - Condos & Townhomes...Bonnie Glen...Cedar Knolls...Cheviot Hills...Country Club Estates...Creekside at Inverness...Heritage Farms...Inverness Hills...Inverness Shores...Inverness on the Pond...Inverness...Ridge...Macintosh...Maison du Comte - New construction - townhomes...Muirfield...Sanctuary of Inverness...Shires of Inverness - Townhomes...Weatherstone - Townhomes If you are thinking of buying a home in Inverness the price... 10/26/2008

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson 10/24/2008

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson 10/18/2008

There is currently 1 residential property for sale in Inverness that is marked as a short sale. It also states the property does require some TLC. The price of the home is under $500,000 and it is an older property built in the late 1950's. Some of Inverness has the zip code of Barrington but there are no additional short sale listings under the Barrington zip code for Inverness properties. 10/12/2008

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson 10/08/2008

INVERNESS, ILLINOIS   The table below lists all of the currently active single family detached and single family attached homes Inverness, IL. Data includes  high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.    Active Listings List Price Range # Listings Avg. Days on Mkt $250,000 - $299,999 1 108 $300,000 - $349,999 2 217 $350,000 - $399,999 4 225 $400,000 - $449,999 2 182 $450,000 - $499,999 5 379 $500,000 - $549,999 5 215 $550,000 - $599,999 7 176 $600,000 - $699,999 13 312 $700,000 - $799,999 15 135 $800,000 - $899,999 13 344 $900,000 - $999,999 6 195 $1,000,000 - $1,999,999 19 235 $2,000,000 - $2,999,999 2 116 $3,000,000 - $3,999,999 1 30... 04/02/2008

 The table below lists all of the currently active single family detached and single family attached homes in the Inverness, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.  Active Listings List Price Range # Listings Avg. Days on Mkt $250,000 - $299,999 1 51 $300,000 - $349,999 1 358 $350,000 - $399,999 3 198 $400,000 - $449,999 2 172 $450,000 - $499,999 6 353 $500,000 - $549,999 3 218 $550,000 - $599,999 11 180 $600,000 - $699,999 13 237 $700,000 - $799,999 12 82 $800,000 - $899,999 10 354 $900,000 - $999,999 3 467 $1,000,000 - $1,... 02/05/2008

There is obviously plenty of gloom and doom news in the media about the struggles of national new home builders and the fact that new home starts are at the lowest levels nationally in the past 16 years is certainly an indication that some areas were obviously a little overbuilt.I Love Good News so I thought I would highlight it here with the sales for KB Homes in their Creekside at Inverness Ridge development. Only 28 Homesites remain and with the current chart shown below, prices have gone up which is a trend that shows that the Barrington and Inverness area is doing ok compared to all of the gloom and doom you may be reading in the media. Only 28 homesites remain and as you can see from the chart below, prices for the Marquis floorplan (2,610 Square Feet with 3 bedrooms and 2 Baths) ... 12/19/2007

 The table below lists all of the currently active single family detached and single family attached homes in Inverness, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.   Active Listings List Price Range # Listings Avg. Days on Mkt $250,000 - $299,999 1 197 $300,000 - $349,999 2 166 $350,000 - $399,999 3 111 $400,000 - $449,999 5 223 $450,000 - $499,999 8 173 $500,000 - $549,999 4 285 $550,000 - $599,999 12 208 $600,000 - $699,999 26 168 $700,000 - $799,999 5 186 $800,000 - $899,999 13 252 $900,000 - $999,999 6 213 $1,000,000 - $1,99... 08/31/2007