Today is the day I get on and finish my market reports for 2013. This year is off to a good start, at least in terms of Lake Barrington real estate sales, even with all this never ending snow. If I don’t finish my reviews for 2013 today, I fear they’ll never get done.
for 2013 was written in January and showed an increase in sales and decrease in average marketing time. All good market indicators. The majority of the remaining sales in Lake Barrington were single family sales. Let’s see how average marketing times fared during 2013 and how many sales we achieved, seperately from LBS.
Chart of Lake Barrington Real Estate Sales By Quarter for 2013
Steady sales throughout the year but market times climbing. Sellers still need to be cautious about pricing. the average market time for the year was 161 days, just below a six month time on market. Homes sold at 97% of asking pricing but not before a price cut or two.
3 and 4 bedroom homes are the most common. 5 bedroom homes sold much faster.
Lake Barrington Real Estate Sales in 2014
- Homes on market – 38
- Current average market time – 207
- Average list price – $652,134
- Homes under contract or pending – 4
- Homes sold in 2014 – 2
At half way through the first quarter we may be a little down on 2013. I’ll be back in April to take a peak.
Are you in the market to sell your Lake Barrington real estate? It’s a great time to start your home preparation. Take care of those maintenance items, get rid of wallpaper, and de-clutter. Look for leaks very shortly as we are expecting a melt and some heavy rain, at least according to a weather man. You might also like to get an idea of your. Let us know how we can help.
Call Corinne today at 847-363-3686.