How?s the real estate market in Lake Barrington Shores? That?s a common question we get asked and the best way to know is to look at sales. As a part of Lake Barrington it?s not big enough to report every month, we need a longer period to see trends and now March has ended it?s time to look at the sales and trends.
During the period January to March 2013 there were 16 homes sold with prices from $57,750 to $492,500. Three of the sales were foreclosures, there were no short sales, the remaining 13 were regular re-sales. I don?t think I can ever remember sales in LBS below $100,000. Believe me the buyer that bought 228 Hickory Lane Unit A, got a really good deal at $57,750. The next sale was at $101,000. It?s also been a long time since we saw a sale over $400,000. The sale at $492,500 was of course an Augusta with a full walk out basement, one of the most popular models in the community and a lakefront location too.
If you are looking for an Augusta there are only two for sale at the time of writing. We have one available at 947 Shoreline Rd.
The median sale was $163,000 which is quite low, only 5 sales were above $200,000. However 16 sales in 3 months shows a good amount of activity. There were only 5 sales for the same period in 2012.
The average marketing time for the 16 sales was 249 days and the list to sale ratio was 94% of the final asking price. That?s firm but still a little long on marketing time. Of course these are just averages and the best presented homes are beginning to sell in a much shorter time period. The larger homes are selling under 180 days now and many of them were also cash transactions.
Are you considering selling your Lake Barrington Shores home this spring??I know, I know, what spring! Yes we are all watching the daffodils slowly rise from the ground, I think they are a little scared of the frost and rightly so. Let?s hope it arrives with color soon, in the meantime we can help you prepare to list your home. Call Corinne at 847-363-3686 and ask her for a sales consultation.
Kids Choice Awards 2013 Joe Weider Florida Gulf Coast Golf Channel Andy Enfield La Salle University the voice
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