Deer Park Illinois Home Sales - Was 2010 a Recovery Year or Did Sales Slump

Deer Park Illinois Home Sales - Was 2010 a Recovery Year or Did Sales Slump

Deer Park Illinois is a small village that shares the zip code 60010 with other villages in the Barrington area. We do get buyers that specifically look for homes in Deer Park Illinois but commonly buyers will look at comparable homes in other areas.

During the year 2010 how many home sales did Deer Park Illinois close and was it more than the previous year? Well the answers are: 2010 had 32 Deer Park home Illinois sales and 2009 there were 24.

What was the average marketing time for Deer Park home sales for both years? In 2010 the average marketing time was 211 days, which was down 80 days compared to 2009.

In 2009 the average sales price of homes in Deer Park Illinois was just short of $465,000 and for 2010 it was just short of $508,000.

So not only did we see an increase in Deer Park Home sales, we also saw a reduced time on market, and an increase in the average sales amount. So what does this mean for buyers and sellers in Deer Park. Clearly there has been an increase in demand for homes and this was also seen in other areas of 60010. A decrease in marketing time shows confidence as does the increase in pricing.

So if you are thinking of selling in 2011 are you going to increase the price of your home? Of course the knee jerk reaction is bound to be yes, but you should not assume that prices are rising. Market data reports are only averages and do not tell the story about your Deer Park home. You'll need to hire a competent local Deer Park Realtor to find homes that are comparable to yours to find the market value of the home. Then you and your agent can factor other variables in such as, how quickly do you need to move, are there any positives or negatives about your home that a market report cannot adjust for, i.e. recent upgrades, busy roads, 3 bedrooms not 4 and so on.

Pricing homes for sale in Deer Park is not an exact science, so we rely on finding recent sales to guide us. There is little point on using current listings because they have not sold and may well be over-priced. Your Deer Park home will sell but it is the market that will tell us how much for. If you over-price it from the start you may well lose your best chance at getting a buyer, because they'll look at the others.

Deer Park now offers town-homes in Deer Park Place and Deer Park Estates both of which are very close to the shopping mall. These developments are nearly closed out with only a few homes left to sell. Prices of these units have been adjusted down from the original release pricing but I still see units considerably over-priced. This is when buyers of Deer Park homes need a competent Deer Park Realtor to help them establish market value.

Deer Park Illinois is a very beautiful village with established landscaping, historic village farm, a small community atmosphere and yes you'll find both the deer and lots of parks. Home prices range from the low $400s to just over $1 million. There are a few vacant lots left in Deer Park for dream homes and some new construction.

Contact:

Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686