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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Barrington. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-525-7487
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| Average Home Price | $625,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 20-25% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $450,000 - $499,000 |
| Worst Selling Price Range | $700,000 - $749,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Barrington is | Increasing |
| Seller Activity for the past 90 days in Barrington is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Multiple offers have slowed down but the well priced foreclosures and short sales can generate good buzz and bring in multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Dana and Sadie work with many excellent lenders that are able to secure loans for their clients. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Many wonderfull homes on the market that are priced well and ready to sell! |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Barrington! |
| Nearest Metro Area | Chicago |
| Housing Hot Spots | Most cities within the Lake and Cook County area are considered ’Housing Hotspots’ |
| Average Sold Price | $625,000 - View Graph Trend |
Barrington Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Dana Cohen and Sadie Winter
847-525-7487
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 9th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Dana Cohen and Sadie Winter
RE/MAX Experts
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 847-525-7487
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