Luxury home sales in the Barrington Illinois area have yet to reach the high sales year of 2005 when we had 37 homes above $1.5 Million sell. Of course we know home values have fallen but I thought it would be interesting to make a year over year comparison using the same minimum price.
- 2005 – 37
- 2006 – 27
- 2007 – 17
- 2008 – 21
- 2009 – 9
- 2010 – 10
- 2011 – 15
- 2012 – 14
This information is extracted from our MLS (Multiple Listing Service) and would not include any sales not involving Barrington REALTORS®.
As suspected most of the 14 sales for 2012 were South Barrington and Barrington Hills, 7 and 6 respectively, with one from Inverness. The highest price sale was $7,500,000 and of all the sales it’s somewhat surprising to see a foreclosure sale in there, for a property in Magnolia Pointe South Barrington. The total volume was $34,270,266 which gives us an average of $2,447,876 per sale. The median (middle) sale was $2,195,000.
The home sold for $7,500,000 was a cash sale and according to the MLS, was a 2004 built 30,000 square foot home, with 70.66 acres of land. The buyers bought a beautiful estate house on an exceptional piece of land in Barrington Hills.
Current Luxury Homes in the Barrington and Inverness Illinois Area
It’s always interesting to see what is available for luxury home buyers, please take your time to view the slideshow below. Call us when you are ready to buy your dream home. Reach Corinne at 8473.363.3686 or email her.