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Market Trends & Statistics
Welcome > For Buyers > Market Trends & Statistics ...

Barrington Area - Single Family Homes - 2007*

Month

 # Listings
For Sale

# Listings
Under Contract

# Listings
That Sold

# New
Listings

 Median
Sold Price

 Oct-07

 650

 32

 20

 108

 $622,500

 Sept-07

 626

 24

 28

 85

 $595,000

Aug-07

 638

 27

 46

 85

 $760,000

 Jul-07

 664

 34

 40

 112

 $682,500

 Jun-07

 653

 40

 48

 130

 $645,000

 May-07

 606

 37

 39

 132

 $672,500

 Apr-07

 590

 44

 28

 150

 $540,500

 Mar-07

 534

 42

 35

 113

 $619,500

 Feb-07

 488

 35

 21

 84

 $600,000

 Jan-07

 482

 30

 25

 85

 $607,500

*The Luby Group's Statistics are Based on MLSNI Transactions

Barrington - 2007*
Month Units Sold Median Sold Price Min Sold Price Max Sold Price Total Volume
Jan 30 $562,500 $208,550 $1,650,000 $19,874,142
Feb 28 $556,500 $176,500 $1,350,000 $16,748,900
Mar 47 $493,000 $183,700 $1,200,000 $27,012,203
April 37 $496,000 $224,000 $1,525,000 $21,340,825
May 49 $585,000 $176,500 $1,875,000 $33,956,423
June 58 $607,500 $195,003 $2,495,000 $38,358,253
July 48 $618,000 $178,000 $3,050,000 $35,586,967
Aug 51 $670,000 $195,000 $2,900,000 $40,126,000
Sept 33 $525,000 $230,000 $1,299,000 $21,267,900
Oct 27 $445,000 $185,000 $1,700,000 $15,353,587
     
TOTAL 408 $579,500 $176,500 $3,050,000 $269,625,200
Barrington - 2006*
Month Units Sold Median Sold Price Min Sold Price Max Sold Price Total Volume
Jan 39 $638,000 $137,000 $6,800,000 $31,626,900
Feb 34 $652,500 $205,000 $2,625,000 $25,353,000
Mar 55 $540,000 $166,000 $1,600,000 $32,188,303
April 49 $425,000 $194,500 $1,200,000 $26,190,662
May 60 $532,500 $177,000 $3,360,000 $41,119,823
June 100 $559,950 $177,500 $2,800,000 $66,830,900
July 55 $599,000 $153,903 $2,500,000 $36,789,336
Aug 82 $547,500 $173,000 $2,150,000 $50,354,624
Sept 39 $460,000 $248,500 $1,999,000 $23,485,651
Oct 42 $512,326 $169,000 $1,725,000 $24,062,660
Nov 47 $567,500 $138,000 $2,000,000 $32,226,532
Dec 56 $414,000 $172,000 $3,284,932 $33,903,528
 
TOTAL 657 $543,500 $137,000 $6,800,000 $424,131,919
Barrington - 2005*
Month Units Sold Median Sold Price Min Sold Price Max Sold Price Total Volume
Jan 36 $495,000 $181,165 $2,845,625 $23,656,767
Feb 35 $536,000 $210,000 $1,640,000 $21,662,598
Mar 65 $419,000 $167,900 $3,800,000 $37,538,240
April 65 $550,000 $200,000 $2,790,000 $43,120,250
May 79 $500,000 $170,000 $2,400,000 $48,818,401
June 121 $599,000 $174,900 $2,750,000 $90,104,637
July 91 $545,000 $195,000 $2,400,000 $61,601,395
Aug 90 $471,500 $185,000 $3,150,000 $54,777,750
Sept 98 $487,750 $144,900 $2,496,060 $54,402,872
Oct 62 $484,750 $136,000 $2,850,000 $39,745,605
Nov 71 $440,000 $153,000 $2,100,000 $38,173,950
Dec 43 $522,000 $166,000 $1,900,000 $26,159,275
         
TOTAL 856 $513,250 $136,000 $3,800,000 $539,761,740
*The Luby Group's Statistics are Based on Closed MLS Transactions

 

 

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Real Estate Tips
Tax Considerations >Tax Breaks

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
     

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Real Estate Trivia
Q 
What information does nearly every state in America require the seller of a home to reveal to the buyer?

A 
Most states require disclosure of any existing problems or conditions that could affect the value of the house.
See More Real Estate Trivia >


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The Luby Group, REALTOR®, real estate agent and broker for Chicago Northwest Suburbs, Barrington, Inverness and Palatine, Illinois home listings, property and land for sale - NUMBER1EXPERT

The Luby Group - Suzanne & Liz Luby - IL Licensees
Coldwell Banker

530 North Hough Street
Suite 180
Barrington, IL 60010
Suzanne: 847-922-7773
Liz: 847-691-3150
Office: 847-277-2777
Fax: 847-382-4990
Luby@TheLubyGroup.com

Suzanne and Liz Luby begin each client relationship with a simple commitment to superior service. With more than twenty years of experience in the Barrington, Inverness and Chicago Northwest Suburban markets, Suzanne and Liz Luby offer home buyers and sellers expert real estate guidance based on the highest professional and ethical standards. The Lubys believe their business is about building lasting relationships through communication, trust, knowledge and expertise. Their team approach has consistently ranked them among the top 100 of Coldwell Bankers’ Chicagoland agents, and top 1% nationally.

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