Inverness Illinois, is a small real estate market and is similar to Barrington area homes; sharing the zip code of 60010 with Barrington and 60067 with Palatine. It also shares both Barrington and Palatine school districts. Location is in Cook County and close to I-90 for commuters and also Barrington Village for train commuters. Inverness residents shop in Barrington, Palatine and South Barrington. Considered a luxury homes community, homes are considered alongside South Barrington by home buyers.
Let’s take a look at the numbers.
Inverness IL Sales Information – March 2015
- Homes Sold – 10
- Price Range $357,000 to $650,000
- Average Market Time – 93 Days
- Average Sales Price as a Ratio of List Price – 95%
Inverness IL Active Market – March 2015
- Homes Under Contract (With outstanding contingencies) – 23
- Homes Pending (Waiting For Closing) – 3
- Available homes for sale – 86
- Price range $265,000 to $2,770,000
January and February 2015
Because we did not report for these months as we used to report quarterly, the sales for these months were:
- January 2015 – 13
- February 2015 – 8
- Price range $299,025 to $890,000
- Average Market Time – 99 days
- Average Sales Prices as a Ratio of List Price – 94%
Inverness IL Real Estate Market Summary
The Inverness IL real estate market extends to about 100-120 homes sold each year.
Inverness is a small village offering luxury homes but also some condos and town homes.
Inverness has a gated neighborhood but no true golf course neighborhoods.
There are some homes close to Inverness Golf Course.
Inverness IL Real Estate Market Trends
Buyers looking for luxury homes close to I-90 will consider Inverness IL. The real estate market in this community has rebounded very well and prices are rising. Here are the averages for single family homes sold.
In 2014 the average sold price was $697,101
In 2013 the average sold price was $568,713
In 2012 the average sold price was $554,055
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Sales data extracted from the MLS and assumes all sales are reported accurately and on time.