Barrington, IL Real Estate News

By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Are you looking for South Barrington foreclosures? You are not alone so I thought I could put this into a little perspective for you with a market report of distressed homes in South Barrington. First let's look at some statistics to give you an overall idea of the distressed property sales in South Barrington over the last two years. Sales in 2011 - 46 Sales in 2012 - 56 Sales in 2013 to date - 22 Short Sales in South Barrington Sales in 2011 - 6 (13%) Sales in 2012 - 7 (12%) Sales in 2013 to date - 1 (4%) Foreclosure Sales in South Barrington Sales in 2011 - 5 (11%) Sales in 2012 - 3 (5%) Sales in 2013 to date -0 (0%) We get a lot of folks searching for foreclosures and short sales in South Barrington, we understand that. There has been so much hype and publicity about it, however Sou...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
The sun is out, schools are out, and buyers are out in force! The Barrington IL real estate market is really beginning to shine again. I have decided that all my individual market reports are taking too long to write and I run out of time every month. That's a good sign, it means I am busy with buyers and sellers. Once a month now, I will publish a longer report with information on each village. So here goes with the first one. Deer Park Real Estate Sales You might wonder why on earth I didn't start with Barrington. Good thought! Actually it's because I am acutely aware of how fast the homes in Deer Park are selling. That's great news for Deer Park homeowners and for home buyers you need to be on the ball and ready to pull your trigger fast or you will miss out. Here are the facts: Home...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Never Skip a Barrington Real Estate Sales Contract Review! Where does the buck stop when an error is made? You, your agent, your attorney? I am not going to answer that question because it all depends on your personal scenario. However I did want to let you know why you need to pick the best Barrington Realtors you can. You can only do that by interviewing and asking questions until you feel satisfied. Sometimes jumping from one Realtor to Realtor can be a huge mistake. Let me tell you a story, except this is a real case and it blows my socks off! Property owner decided to list their large home for sale with a relative Barrington Realtor, who happens to be one that works for me. The home was listed at the beginning of winter and here's the first mistake. Property was over priced from th...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
In the table below lists all of the single family detached and single family attached homes currently on the market in Barrington, IL The data lists available homes by price range with average time on market in each range.   Included in this list are many Foreclosures and Short Sales.   Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.   Active Listings List Price Range # Listings Avg. Days on Mkt $50,000 - $99,999 2 49 $100,000 - $149,999 9 156 $150,000 - $199,999 25 124 $200,000 - $249,999 19 156 $250,000 - $299,999 22 98 $300,000 - $349,999 23 191 $350,000 - $399,999 20 152 $400,000 - $449,999 11 104 $450,000 - $499,999 15 93 $500,000 - $549,999 18 1...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Which Barrington Realtor Has The Best Photos To Help Sell My Home? Here are some exapmples of the elevated views and aerial photos we do for our listings. We'll let you decide if you would like these as part of a marketing plan for your Barrington home. Call Corinne when you are ready to list your home.
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Your Barrington Home Listing - Canceled, Expired, Off Market. Unless something happened to change your home selling plans and we know sometimes that happens, if you canceled your home listing it must be because you were unhappy or frustrated at how the process was proceding. If your listing expired, as in ran out, and you did not renew with the same Realtor than you must be frustrated and unhappy at how the process was conducted. Your property is off the market and you are left scratching your head wondering what to do next. Should you wait a while and list again in a few months, should you list right away, which Realtor should you use, how do you pick the right Realtor, do you need to do anything to the house, what about price, what don't you know, the questions go on and on. Crush You...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Should I Change Barrington Realtors - My Vacant Home is Not Selling? If you have a vacant home for sale in Barrington you might be thinking about changing Barrington Realtors. Let's first address the legal side of the thought. When you listed your home for sale you signed an agreement to market your home and the agreement has an end date. Until that date you cannot list your home with another broker. You might be able to request being released from the agreement but until that happens we can talk with you if you contact us, but we cannot help you regarding your property until it is released by the other broker, nor can we induce you to try. Let's assume the reason for your question has considerable merit. Perhaps: You have no idea if your vacant home is being shown. You receive no feedb...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington IL real estate has been popping during the month of May 2013, and to prove that it's time for a market update. This month I wanted to see which were the most active price bands. With 57 sales of both single family homes and condos or townhomes it's enough to see what's popular. 50 of the sales were single family homes, only 7 were condos or townhomes. As you can see from the chart which has price bands on the left and closings along the bottom, there were two ranges that dominated. I am not surprised to see $600,000 to $699,999 as one of those, it represents the median price of single family homes in the Barrington area. It's also good to see some of the higher priced homes in there. There's no doubt the market is changing and Barrington IL real estate is recovering, albeit n...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
South Barrington homes are a magnet for luxury home buyers. The location is good, close to I-90 and Route 59. There are more luxury homes here and the typical cost of properties is higher than any other Barrington area. However I see a disconnect and I am not sure what can be done about it. We are talking about what a buyer wants and what's available in terms of age of house. Having worked with several buyers recently looking to buy in South Barrington it's a fair statement to make that many of them looking above the $1 Million price tag are looking for homes that are either new or fairly new. New construction in South Barrington is very limited and before long likely will not exist at all. There is not a lot of land left that can be developed, and for now builders are not rushing to bu...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
If your Barrington home was on the market and did not sell the standard reaction by most REALTORS is to tell you the price was too high and you need to come down a bit. However the market is changing and this may or may not be part of the equation. It's possible you were priced too high, maybe you are too emotionally attached to the home or worse still the REALTOR you chose to market your home did not know the area very well, even worse than that, your REALTOR told you an inflated price to get you to list with them.  Warning - You may have been priced right! So how to know what to do? Let's assume your home was on the market for a while. I don't want to add a time frame but assume it wasn't a short attempt. Pricing Barrington Homes When you first decided to sell hopefully you were prese...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
If you are in the market to buy a home, whether in Barrington or anywhere here in Northern Illinois it might surprise you to know that earnest money is not a requirement. Therefore there is also no minimum, no maximum either. In recent years it seems that buyers have started to get a little wimpy on earnest money. What do I mean by that? The definition of wimpy is feeble, lack of force. Imagine that you are buying a home that's costing hundreds of thousands of dollars and you want to send a clear message to the seller. You mean business, your intention is to buy their house. You make an offer which has more than just a price, it also has purchase terms. Any property seller wants not only the right price but strong signals from a buyer that the intention is strong, not feeble. One of the...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
  The table below lists all of the single family detached and single family attached homes currently on the market in Barrington, IL The data lists available homes by price range with average time on market in each range.      Included in this list are many  Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.     Active Listings List Price Range # Listings Avg. Days on Mkt $50,000 - $99,999 4 72 $100,000 - $149,999 10 131 $150,000 - $199,999 22 175 $200,000 - $249,999 21 129 $250,000 - $299,999 22 98 $300,000 - $349,999 13 247 $350,000 - $399,999 28 127 $400,000 - $449,999 13 174 $450,000 - $499,999 13 177 $500,000 - $549,999 15 194 $550,000 - $599,999 35 144 $600,000 - $699,999 38 340 $700,000 - $799,999 39 313 $800,0...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
I can tell by the increase in visitors to my Lake Barrington Shores Living web site that sales are on the increase. The question on the mind of future sellers is "Are we still in a Buyers Market?". To give you an honest opinion let's take a look at sales this year, 2013, and compare them to this time in 2012. This following chart already shows us that 2012 was the best year since 2007 for Lake Barrington property sales. As shown there were 54 attached homes sold. Now let's break it down a little more a focus on this neighborhood alone.  First Four Months in 2012 January 2012 - Units sold = 3 February 2012 - Units sold = 2 March 2012 - Units sold = 0 April 2012 - Units sold = 6 First Four Months in 2013 January 2013 - Units sold = 5 February 2013 - Units sold = 4 March 2013 - Units sold ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Choosing a South Barrington Luxury Real Estate Professional. If you are in the market to sell your South Barrington luxury home consider all the things you would like your Realtor to do. Often hiring an agent because their name has been around for a while might not get you full service. Realtors that work daily in the luxury homes market should be developing new marketing strategies to keep up with the changes in the way real estate is advertised and conducted today. The options open to Realtors change almost daily and it's now a necessity for successful Realtors to learn how to embrace and succeed in these new marketing techniques. Some might consider the following to be just buzz words that came and will go, but the reality is it's all linked to the digital way in which business is no...
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By Marco Amidei
(RE/MAX Suburban )
Single Family Home Stats for Barrington, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 178 $599,419 $3,900 $3,199,500 126 1 bedroom 1 $849,000 $849,000 $849,000 256 2 bedrooms 13 $214,046 $85,000 $350,000 127 3 bedrooms 39 $400,395 $99,500 $795,000 144 4 bedrooms 93 $612,809 $3,900 $2,400,000 124 5 bedrooms 32 $951,825 $350,000 $3,199,500 103 View All Single Family Homes For Sale in Barrington Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Apr 2013 18 $438,364 $412,611 94.4% 79 Mar 2013 19 $475,791 $427,039 88.1% 152 Feb 2013 16 $478,787 $428,338 87.2% 181 Jan 2013 15 $760,781 $645,342 86.8% 210 Dec 2012 10 $593,593 $514,170 86.2% 182 Nov 2012 12 $449,467 $404,296 90.1% 125 Oct 2012 25 $527,292 $440,790 87.7% 154 Sep 2012 19 $426,329 $392...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Vacant home sales and absentee owner home sales in Barrington are what we do best. Continuing our series on selling vacant homes in the Barrington area. If you missed the first instalment we talked about preparing your vacant Barrington home for sale. Now it's time to talk about fixes and repairs or cash allowances. This can be a tough question to answer especially if you are an absentee owner and don't want to have to come into town to take care of repairs etc. We know that any buyer will more than likely have a home inspection done. That will reveal small items that need fixing as well as fundamental things that need repairing or replacing. Much of this you may not even know about until the buyer presents you with a request for either repairs to be carried out or for a credit or price...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Vacant home sales and absentee owner home sales in Barrington are what we do best. If you have a vacant home to sell it doesn't matter if you have recently vacated it or if it's been empty for a while, there's nothing as important as a jolly good clean. It needs to sparkle and shine inside and out. It doesn't  have to have all the upgrades, the latest in styles and fads, it needs to be clean, tidy and in working order. If your home has been occupied by tenants and you haven't seen it in a while, don't assume it's the same as it was when you left it. You might be a clean freak but the chance of your tenant being the same is slim. Plus when they leave, they'll not glance back at all, it's time to move out and move on and that's their primary focus, not the cleanliness of your house. Perha...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
  The table below lists all of the single family detached and single family attached homes currently on the market in Barrington, IL The data lists available homes by price range with average time on market in each range.     Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington Illinois Real Estate - Market Report March 2013 I finally managed to get to you this first video market report for Barrington Illinois. I have an IPad and created a Keynote presentation but when converting that to video it kept losing some of the data. So back to the PC I went and Power Point converted to Video much easier. So I hope you like it, it was a labor of love and having got the first one accomplished I hope to bring you more soon. In the meantime feel free to visit our blog to read more. You'll find plenty more market reports at my web site but if you have a question you need an answer to, just email me and I'll be glad to help.
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Sold – Luxury Home at Beacon Hill Drive in Spring Creek, South Barrington by Corinne Guest, owner of the Homes in South Barrington web site. Patience is a virtue. I am fortunate to be blessed with this virtue. When it comes to luxury home buyers patience on the part of the REALTOR® is required. Commitment to the REALTOR® on the part of the buyer makes for a fabulous relationship, especially when it does take time to find that perfect dream house. So today I thank my clients for sticking with me from start to end, for trusting me every step of the way and I congratulate you on getting the home of your dreams. It really is a stunning home. Are you looking to buy a luxury home in South Barrington. Are you finding your REALTOR is getting irritated that you have not bought a house yet. Are y...
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