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Old 06-12-2010, 09:48 AM
 
32 posts, read 71,199 times
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What is wrong with the Wynstone subdivision in North Barrington? A huge percentage of the houses are for sale.
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Old 06-13-2010, 03:01 PM
 
60 posts, read 155,067 times
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Default Wynstone

Why would you think anything is wrong? Wynstone's homes are on the upper end of the housing stock...not much is moving in this price range on the north shore or anywhere else for that matter?

Why would you think the homes in this community would be immune to the real estate market?
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Old 06-13-2010, 05:10 PM
 
Location: Phoenix metro
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Go drive through Arizona sometimes. It appears that some entire cities are for sale. LOL
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Old 06-14-2010, 07:19 AM
 
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Although I do not have specifics on Wynstone I do know that like many developments the owners come and go in waves. Lots of people with school age kids see the models and decide to move in. A decade or two goes by and the now empty nesters all get an inkling that the big heavily taxed place just doesn't make sense for two folks anymore.
This sort of thinking happens pretty regularly and other than the appearance of a fire sale it really does not indicate,by itself, a problem.

It is far less common in non-mass built areas and that probably contributes to the price stability of more traditionally developed ares...
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Old 06-14-2010, 09:08 AM
 
4,723 posts, read 14,420,765 times
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Wynstone has been around over fifteen years,built around a Jack Nicholas designed golf course
Dont recall any "models" to choose from with the exception of the golf villa type homes (those were close together with maintenence taken care of for the very small 'yards'). Most homes are your over the top McMansions.
I agree about the amount of "for sales" being just part of the economy woes. The yearly association fees are very high. One must pay club dues and use the restaurant so much a year . One problam was part of W'stone is in the Barrington school district,while the other part in the Lake Zurich. Everyone wanted the Barrington district and these were the lots and homes viewed as the more desirable. Dont think there is much wrong the LZ schools, but part of living in that Country Club community is having a Barrington address and kids in Barrington schools.
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Old 06-21-2010, 10:29 AM
 
8 posts, read 35,188 times
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Check the assesments plus taxes. Assesments range from 500-800 per month and does not include golf.
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