Every year I write about some of the top prices that closed in the MLS. I put a little bit of a different spin on it this 2016 year. We will have the same unbelievable foreclosure prices in some nearby upscale areas but I included our own area surrounding Schaumburg IL.
Barrington Hills at $3,000,000 - 6BR's, 9.5BA's, 7 fireplaces, 10,600 square feet, 8 car garage, 11 acres of land. Taxes are $52,700 per year. This actually sounds terribly cheap to me for all this house.
Oakbrook at $2,300,000 - 9BR's, 13.5BA's, 4 fireplaces, 25,890 square feet, 8 car garage, 3 acres of land, pool area. Taxes are $33,100 per year.
Both were cash transactions! Talk about boat loads of money.
The graph below shows you the highest sales prices for regular sales in our area & how many total closings there were in each category. We sell a boat load of homes here ourselves!
Sources: In coop with MRED, Kinzie Brokerage