Barrington Illinois Market Survey
December 30th 2007.
As the year draws to an end, many of you have had homes for sale for longer than you expected. The media is still telling us it is all doom and gloom. Here are some statistics for the year 2007 which you might find interesting. These statistics are for all attached and detached homes in zip 60010.
Current active listings: 540
Median List Price: $695,000
Units Sold: 417 -- Average Market Time: 184 -- Average Sold Price: $656,050
What does this tell us? Expect your home to be on the market for 6 months. There are more homes for sale than buyers but only by a ratio of 1.29.
What was the shortest marketing time this year? 1 Day. In fact there were numerous homes under contract in 1 day!
What was the longest marketing time for a property that closed this year. 945 days. What patience they had! the price of thios particular house was not as you might expect an extremely high priced home but a sub $300,000 home.
Are Barrington buyers and sellers active? Absolutely they are. This web site receives over 1000 unique new visitors a month and over 2000 repeat visitors, all looking at Barrington for homes and land.
New for 2008, we are featuring for a whole month, one home in Barrington for sale. If the home sells we will replace it with another for the remaining period of that month.