With South Barrington real estate market report
Every month I write about the highest priced sale in the Barrington area. It’s another one of those litmus tests to get a feel for what’s happening in our real estate market.
Highest Priced Home Sold South Barrington for June 2013
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On June 21st 2013 the property at 32 Witt Road in South Barrington closed at $2,600,000. The final asking price was $2,700,000 but the seller started the most recent listing at $4,850,000. The property was a 5 bedroom 5 and a half bathroom luxury home built in 2008. With 6476 square feet of main level living space and 1.5 acres of land, the attraction for this house was no doubt it’s waterfront location on The Coves of South Barrington.
View other homes for sale in The Coves of South Barrington
South Barrington Real Estate Market Report June 2013
Sales in June 2013 – 7
Average marketing time – 278 days
List to sales price ratio – 97%
Average sale price – $1,039,414
Average home – 4 to 5 bedroom.
Total sales to date this year are 23 giving us an idea that 45 to 50 should sale in 2013. With 28 South Barrington houses under contract or pending waiting to close, I think the number may be more than 50 this year. Things are certainly looking up for home sellers of luxury properties.
View all available waterfront South Barrington homes. Who knows this may be the view you look at before the summer ends. Gorgeous!