North Barrington real estate market is a small one. With a population just nudging over 3,000 people and 1031 homes we see on average 50 to 60 homes sold each year. North Barrington is home to Wynstone, a gated golf course community and also the only location that North Barrington has attached homes in the guise of duplex villas on the golf course. The remaining homes are single family on average 1 acre lots, very much in keeping with our country suburban character. North Barrington is also home to Biltmore, another golf course community.
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North Barrington Sales Information – March 2015
- Homes Sold – 6
- Price Range $500,000 to $1,350,000
- Average Market Time – 184 Days
- Average Sales Price as a Ratio of List Price – 94%
- Wynstone homes sold – 2
North Barrington Active Market – March 2015
- Homes Under Contract (With outstanding contingencies) – 7
- Homes Pending (Waiting For Closing) – 0
- Available homes for sale – 52
- Price range $214,900 to $3,495,000
- Wynstone homes available – 21 (40% of the inventory)
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 – 3
- February 2015 – 3
- Price range $356,500 to $900,000
- Average Market Time – 302 days
- Average Sales Prices as a Ratio of List Price – 95%
- Wynstone homes sold – 3
North Barrington Real Estate Market Summary
The North Barrington real estate market is off to a normal, sluggish, winter start. Sales are anticipated to climb over the spring and summer months which is when we see most of the activity.
Wynstone is still slow but much better than in prior years when it was hit very hard during the market decline. Homes have yet to really make any appreciation in value in the Wynstone subdivision.
Market times are still protracted in length with 6 months being a balanced market. Listing to sales ratio is strong again at 95%.
Price cuts are in play but only at about 2-3% off the starting marketing prices.
Rising North Barrington Inventory Of Homes
As spring is here we are already seeing a rise in inventory which makes it a great market for buyers. However indications are we are close to 12 months supply of North Barrington homes again. That’s less than 2013 but we don’t need it to climb too much or those average marketing ties will start to extend beyond the current 6 months timeframe.