South Barrington Real Estate Market - View South Barrington Real Estate Market Trends in Illinois

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in South Barrington. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-363-3686
Average Home Price	$925,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	More than 120 days

Best Selling Price Range	$1,000,000+

Worst Selling Price Range	$800,000 - $849,000

Prices As % of Asking Price	85-90%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in South Barrington is	Increasing

Seller Activity for the past 90 days in South Barrington is?	No Change

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	0-5%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Jumbo financing is available to well qualified buyers. That said many buyers of luxury homes will buy with cash or keep their mortgages below jumbo to keep the interest rate low.

Housing Inventory	Good supply - Some Prices

Inventory Comments	There are 113 available property listings in South Barrington of which 26 are vacant lots, 75 are single family homes for sale, and 12 are homes available for rent. For 2010 to date 46 South Barrington homes have sold compared to 37 for the same period in 2009. This indicates a good increase in market activity and has almost reached the level of transactions seen in previous years.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	South Barrington still remains the premier area in Barrington to buy real estate and offers a good investment as typically properties are young compared with other parts of Barrington. 2011 might be a good year to sell in South Barrington if you need to move due to the increased level of sales already seen in 2010 over 2009. Pricing is still key.

Nearest Metro Area	Chicago

Housing Hot Spots	Inverness offers alternative luxury homes as does Barrington Hills.

Average Sold Price	$925,000 - View Graph Trend

South 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.

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