Yesterday I showed houses in Barrington. The drive to one home took us past some of Barrington’s horse farms. The scenery was beautiful especially with the leaves now turning!
The market view for Barrington home buyers depends on what end of the market you look at. When comparing the median sale price for Barrington houses for the last 6 months to the same period for the previous year, the median sale price is down 5% from $662,750 to $629,000.* However, the average sale price is up 1.2% from $755,277 to $764,436!
The divergence of median sale price and average sale price is partly due to the increase in home sales above $2M this year. During the same period last year only 4 houses in Barrington sold for above $2M. In the last 6 months 8 houses have sold above $2M, one for over $5M!
The number of houses sold is down over 10% with 204 sales in the past 6 months and 228 during the same period a year earlier.
*Based on Midwest Real Estate Data LLC (MRED) Data.
Similar Posts:
- Barrington House Sale Prices Drop 27% 4th Qtr. 2008!
- The Barringtons
- Wilmette House Market Down Except at Top
- 2005 3 Bedroom House Average Sale Prices – Park Ridge out to Barrington
- CAR 2010 Economic Forecast Highlights: Strong buyer’s market for $1M+ downtown Chicago condos
