Over the last couple of weeks I have reported year end market reports for South Barrington, Barrington Hills, North Barrington, Deer Park, Lake Barrington, Lake Barrington Shores, Wynstone in North Barrington. Now I want to let you all know the data for the enire area encompassing all Barrington Homes Sold in 2010 compared to 2009. This does not include homes in the zip code 60010 that are in Inverness, Lake Zurich or Hoffman Estates villages.
This data includes all single family homes and condos or townhomes. So which is the data most important to present in a Barrington Homes report. What do Barrington home owners and sellers really want to know. I have extracted the data points I think are most important but if there is anything you specifically wish to know, feel free to send an email I am more than happy to oblige.
Barrington Homes Sold 2010 Average Market Time — 234
Barrington Homes Sold 2009 Average Market Time — 231
Barrington Homes Sold 2010 Median Price — $425,625
Barrington Homes Sold 2009 Median Price — $426,000
Barrington Home Sales 2010 Average Sold Price — $512,019
Barrington Home Sales 2009 Average Sold Price – $522,934
Barrington Homes Sold 2010 — 448
Barrington Homes Sold 2009 — 392
2010 Final List To Sales Price Ratio — 92%
2009 Final List To Sales Price Ratio — 92%
2010 Original List To Sales Price Ratio — 86%
2009 Original List To Sales Price Ratio — 86%
Let’s look at these numbers and decide. Is the Barrington home market in a decline, static or on the rise. Well if you look at the numbers you’ll see they are all extremely close to each other. So in my humble opinion we are no longer sliding backwards. Prices are holding and with more sales in 2010 compared to 2009 home buying confidence returned in Barrington last year.