Top Closing Prices for 2016

By
Real Estate Agent with RE/MAX Suburban

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.

highest closed prices 2016Barrington 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.

 

 

highest prices of 2016Oakbrook 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!

 

top closing prices for 2016

 

 Sources: In coop with MRED, Kinzie Brokerage

Posted by

 

lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
 
 
©2007-2021

Comments (5)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would love one sale in that upper range above a mil

Jan 14, 2017 11:05 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cash transactions!  Geez.  And comparatively, that first one does sound like a deal.

Jan 14, 2017 03:12 PM
Lyn Sims

That's what I thought too. 

Jan 15, 2017 05:49 AM
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Lyn Sims This is an excellent topic for a blog market report. I might need to research the Sarasota Market and perhaps post in a few days. Thanks!

Jan 15, 2017 07:24 AM
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386  Just a fun piece I do every year.

Jan 15, 2017 09:00 AM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Can you imagine $53,000 a year property taxes or 26,000 to care for and clean?  I think I'd get lost in 26,000 - at the very least I'd get in my 10,000 steps in walking all over the house!  Lol.-Kasey

Jan 26, 2017 02:29 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?