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 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 communities. North Barrington is also home to Biltmore, another golf course community although homes adjacent to the course are rare.
North Barrington Sales Information – April 2015
- Homes Sold – 3
- Price Range $369,000 to $600,000
- Average Market Time – 130 Days
- Average Sales Price as a Ratio of List Price – 89%
- Wynstone homes sold – 1 the regular relocation sale
Of these sales one was a short sale, one a foreclosure and the last a regular relocation re-sale.
North Barrington Active Market – April 2015
- Homes Under Contract (With outstanding contingencies) – 14
- Homes Pending (Waiting For Closing) – 1
- Available homes for sale – 76
- Price range $214,900 to $3,495,000
- Wynstone homes available – 33 (43% of the inventory)
With 15 homes under contract it points to an up swing in the market for spring.
North Barrington Real Estate Market Summary
The North Barrington real estate market is beginning to get going. Sales are already increasing but a substantial percentage over March and April.
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 balanced with 6 months being average but less for homes under a milllion. Listing to sales ratio slumped a little to under 90%.
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.
Sales data extracted from the MLS and assumes all sales are reported accurately and on time.