When reviewing the North Barrington IL housing market for the second quarter of 2013, I am always drawn to Wynstone to see what's going on over there. It's a large community and was hit quite hard when the market tumbled and I have not yet seen anything that suggests it is going to become the cup cake of North Barrington again -- yet. North Barrington Real Estate Sales for Jan-June 2013 Although we have seen some odd months like April where sales in 2012 were higher than 2013, it's easy to see that for the year we are up on 2012, in fact by 42%. Promising for home sellers to enter the market if the time is right, interest rates may have gone up but they are still low. But what about pricing? Well the forecasts are that 60010 home prices will increase 2% on last year but that's not a hu...
This year is absolutely flying by and real estate in Barrington is certainly picking up. More enquiries, more buyers, more sales and more closings. North Barrington real estate is likely showing the same pattern but it's not a very big village so the gains may look small. The important thing to know is that the Barrington zip in general has 22% more sales this year than for the same time last year. Wynstone in North Barringtonhas suffered a big loss in values over the last 5 years or so, and it is important for us to monitor Wynstone separately from North Barrington real estate to see if things really are looking better. Today I am going to use the first quarters sales and compare to the second quarter just finished. I also want to calculate an average cost per square footage based on s...
Before we look at the last quarter of 2011 to see what's selling in Wynstone North Barrington, you might be interested in the first three quarters of 2011, so here are the reports. First Quarter 2011 ................. Second Quarter 2011 ........................ Third Quarter 2011 To summarize the content of these reports: In the first quarter, 7 homes sold, 45 homes available; 2nd quarter 4 sales, 47 available homes; 3rd quarter 8 sales, 43 homes available. Now it's time to see the total sales for 2011, and we'll also take a look at the popular price range in Wynstone, foreclosures, short sales and other data. Wynstone North Barrington Sales 2011 As you can see the last quarter of the year only had 3 sales with an average marketing time of 333 days. The good news is there are 6 listing...
As I start this post I almost wonder before I do my research what the results will show me. Why, well I guess it's because I watch the Barrington real estate sales and new listings every day and in my mind I have a note to self about how many homes there are for sale in Wynstone in the price around $800,000. My recall tells me it's a lot. Let's take a look. In fact there are 13 homes for sale between $700,000 and $900,000 with prices from $745,000 to $894,000. All are 4 or 5 bedroom homes. In one subdivision that's a lot of competition in a set price range. 9 of these homes have reduced their price, some more than $100,000. The size of the homes is not necessarily in line with the price either. Property number two for example with a price of $747,000 down from $895,000 has more square f...
In the last three months I have noticed an upswing in traffic to my web site for searches that had Wynstone real estate in them. We all know that most buyers will start their home buying process with online research and can often be months away from making a purchase. Wynstone real estate in North Barrington had a quiet year in 2010 so let's take a look and see what the first quarter of 2011 tells us. First I was surprised at how many searches were made on my site for Wynstone real estate. Over the first three months of this year I had 330 searches for people looking for real estate in Wynstone. For a subdivision in North Barrington that has approximately 400 homes, that's quite a lot. Of course some were visitors that came back to look more than once. Who knows by the end of the year m...
Wynstone Real Estate - North Barrington Market Report End 2010 Real estate in Wynstone North Barrington has not been very active this year. With only 7 homes sold the average marketing times of those sales was a wopping 864 days. If we compare this to 2009 there were 14 homes sold and an average marketing time of 361 days. 2009 was very similar to 2008 with 13 sales and an average marketing time of 331 days. What about 2005? This was the last year that I consider we were a sellers market and there were 33 sales that year with an average market time of 300 days. What has happened to the median price range during the last 5 years? Here's a quick chart: 2010 - $717,000 2009 - $730,000 2008 - $956,250 2007 - $1,162,500 2006 - $980,000 2005 - $1,154,000 As you can see since 2005 we have lost...
Why Are There So Many Homes For Sale In Wynstone North Barrington? Wynstone of North Barrington is a gated community of homes situated on a golf course. There are about 400 homes most of them single family, with a few lots remaining to be built. As I write this post there are 60 single family homes available for sale, 2 half duplexes, 7 vacant lots and 8 homes for rent. Taking the homes for sale of 62 that amounts to about 15% of the homes in Wynstone on the market. So why are there so many? Do I have a specific answer for you? No. So lets look at some of the data. Home prices range from $575,000 to $3,800,000 Association fees thate prices ranges from $450 to $923 per month Real estate taxes range from approx $14,000 to $43,000 per year. Homes available for sale today-June 8th 2010 - 6...
