Deer Park, IL

Deer Park IL Homes - Choose From Single Family or Town Homes.

When I lived in Deer Park between 1997 and 2003 there were only single family Deer Park IL homes for sale. That's now changed as there are two small subdivisions of town homes, both close to the Deer Park shopping mall. Because they are two different types of housing the answer to the question, how long will it take to sell my house, can only be answered by seperating the two types and looking at market data for each.

Single Family Deer Park IL Homes - 2011 Market Data

In 2011 there were 18 homes sold in Deer Park. That does not seem to be very many. Of course there may well have been some sales in Deer Park not accounted for in the report because some Realtor's seem to think putting the address down as Barrington is better. I disagree and not just because it will skew my report. Many buyers want Deer Park because it is such a nice place to live. Of course I would say that, I loved living in Deer Park. We moved to Florida in 2003, came back in 2004 and could not find a suitable home to buy from all the Deer Park IL homes for sale.

Back to the market report. In 2011 the average market time for single family homes was 224 days. The list to sales price ratio was 93% average. Average list price was $564,308 and average sales price $523,190.

Deer Park Town Homes - Market Data 2011

There were 7 sales of town homes last year. The average marketing time was 144 days. The average list price was $420,400 and sales price $392,143 representing a list to sales price ratio of 93%.

Interesting to see that all Deer Park IL Homes sold at 93% of asking price. Town homes sold in less than six months which is certainly good news for sellers. Single family homes are taking longer and I expect that tend to continue for a while. Be prepared to wait 6 to 9 months to sell your Deer Park home in 2012.

There are currently 21 Deer Park IL Homes for sale, although I bet some have Barrington as the address and are not showing up.

I look forward to selling more Deer Park IL Homes this coming year. I certainly showed plenty to my buyers last year and even sold a short sale there in early spring. You can view current Deer Park IL Homes and Town Homes listed.

Opportunity knocks. Open you eyes to the possibilities. This all brick ranch would benefit from some upgrades and would make a great entry level home in Deer Park or a nice little income eaner as a rental property. Maybe you would like to tear down and build your custom home on this conveniently located almost 1 acre lot in Deer Park.

20485 Ela Road Deer Park, IL 60010 Cute Little Ranch in Deer Park with Possibilities

Price : $259,975 Bedrooms : 3 Bathrooms : 1 Square Foot : 1,125 Lot Size : 35,283 County : Lake Property Type : Detached Year Built : 1955 MLS Number : 07818876 click for more information and pictures Property Description All brick ranch on a fenced lot, entry level property into Deer Park and Barrington School District. Could be torn down to make way for a new home, or buy as investment, add a few upgrades and rent out for income. House is old but has good bones, hardwood floors, roof only 9 years old, new water heater going in 5/31/11. Easy access to Barrington Village, Deer Park Shops and Lake Cook Rd. Property being sold AS-IS. Features List • 0.81 Acre Lot • Ranch Home • Hardwood Floors • Close To Town • Barrington Schools • Fenced Yard

Equal Housing Opportunity.

Deer Park Estates Townhomes in Deer Park

The market statistics for home sales in Barrington IL and Deer Park IL zip code 60010 for the month of January 2011.

The current inventory of homes for sale in Barrington, Deer Park Illinois Zip Code 60010 is lower vs last month and sales this month over last month is lower for single family & lower for attached single family homes. Our average LP of sold homes is up for single family homes and down for attached single family homes January vs December. Average Sale Price of homes sold is down this month vs last for single family homes and up for attached single family homes, our LP/SP ratio is the up for single family detached homes and down for attached single family homes. The average market time for homes sold in the Barrington, Deer Park 60010 zip code has gone up for single family homes in Barrington and Deer Park and up for attached single family homes in the last month over December market times for homes sold.

If you would like clarification of these figures or if you want to take advantage of this once in our lifetime market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas. Or contact us and we will help you find the best home for the money or sell your home in the Barrington, Deer Park and surrounding areas at the highest price possible in this market.

Posted By: Julie Anne - The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate Agent - Barrington - Deer Park Real Estate Expert and surrounding areas

847-620-5815 julie@homesbyjulieanne.com

What is my homes value? Homes for sale in Northern Illinois, Barrington Homes for Sale - Deer Park Homes for Sale

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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