Inverness Illinois Property – My Final Market Report for 2011

We are three weeks into 2012 and my Inverness Illinois Property report is my last to wrap up the year for 2011. As I have compiled the data it has shown some interesting facts. If you have the time and desire to read all my reports they can all be found in my market report category. Now back to Inverness Illinois property data.

Inverness has both single family homes and attached homes so I’ll break the report down so we can get a true feeling for what’s going on. I’ll lump the zip codes together though. Inverness Illinois property shares zip codes with Barrington and Palatine.

Inverness Illinois Property-Single Family Homes

inverness illinois property sales graph for 2011

Simply this shows me we have too much inventory and therefore sellers are having to take a lower percentage of their list price. Many other areas in Barrington are inching back up towards the expected 95%, Inverness not so hot.

We’ve got a lot of inventory and sales certainly slowed down in the second half of the year. Market times are long for the active listings, although those that sold faired pretty well at under 6 months.

Inverness Illinois Property – Town-homes

Inverness town homes graph of sales in 2011

Attached homes are selling at a marginally better percentage than single family homes but the market times not so good. Some of our attached homes in Inverness have been listed for a long time.

I think it’s fair to tell you that Inverness town homes have not been singled out, town homes in most of the Barrington areas are taking longer to sell than single family homes. Things to watch for in2012 are Inverness Illinois property selling faster and at a higher percentage of asking. That will be the sign of better things to come.

Take a look at some selected town homes, Inverness is a luxury home area and these reflect that.

Showing properties 1 - 8 of 8. See more city of Inverness real estate.
(all data current as of 5/18/2012)

  1. 4 beds, 3 full, 1 part baths
    Year built: 2002
    Parking spots: 2
    Days on market: 10
    Walk Score®: 8
    Broker reciprocity icon
  2. 3 beds, 3 full, 1 part baths
    Lot size: 2,700 sqft
    Year built: 2012
    Parking spots: 2
    Days on market: 47
    Broker reciprocity icon
  3. 3 beds, 3 full, 1 part baths
    Lot size: 2,700 sqft
    Year built: 2012
    Parking spots: 2
    Days on market: 47
    Broker reciprocity icon
  4. 3 beds, 3 full, 1 part baths
    Home size: 4,300 sq ft
    Lot size: 34,848 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 51
    Broker reciprocity icon
  5. 3 beds, 3 full, 1 part baths
    Home size: 3,494 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 70
    Walk Score®: 11
    Broker reciprocity icon
  6. 4 beds, 2 full, 1 part baths
    Home size: 3,491 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 168
    Walk Score®: 22
    Broker reciprocity icon
  7. 3 beds, 3 full, 1 part baths
    Home size: 3,168 sq ft
    Lot size: 2,837 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 221
    Walk Score®: 15
    Broker reciprocity icon
  8. 3 beds, 2 full, 1 part baths
    Lot size: 2,850 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 445
    Walk Score®: 20
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Related posts:

  1. Inverness Illinois Real Estate – Market Report June 2011
  2. Inverness Real Estate: Weekly Market Snapshot – February 21 2011
  3. Inverness Illinois Real Estate and Home Sales – Market Data 2009
  4. Barrington Real Estate – Year End Market Review 2011
  5. Homes and Real Estate for Sale in Inverness Illinois