North Barrington, IL Real Estate News

Single Family Home Stats for North Barrington, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 56 $938,169 $229,000 $3,600,000 168 3 bedrooms 7 $450,386 $229,000 $725,000 228 4 bedrooms 26 $769,708 $349,900 $1,395,000 169 5 bedrooms 23 $1,277,060 $535,000 $3,600,000 149 View All Single Family Homes For Sale in North Barrington Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days May 2013 4 $502,975 $453,975 93.6% 383 Apr 2013 7 $806,114 $695,000 88.7% 146 Mar 2013 6 $685,483 $563,583 81.6% 237 Feb 2013 2 $589,900 $551,250 93.6% 61 Jan 2013 4 $644,475 $477,600 77.1% 360 Dec 2012 2 $794,950 $665,000 83.3% 250 Nov 2012 4 $481,600 $443,250 91.3% 114 Oct 2012 5 $662,940 $570,500 86.2% 154 Sep 2012 8 $729,875 $628,556 87.7% 173 Aug 2012 6 $620,333 $522...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
It's time to see if houses in North Barrington are selling in 2013, compared to 2012 for the same period, and whether we are on a recovering path or still fairly static. If you read the papers or online news you'll likely have heard that real estate is flying off the shelves in some areas. Multiple offers are back and inventory is needed. Hopefully you'll also have seen that Illinois is one of the slowest states to recover. Real estate is always local, right down to community level, and so what matters to you is what goes on in North Barrington. The picture on the left shows the homes sold in North Barrington every year from  2007 to 2012. You can see the trend is going up. North Barrington Home Sales 2013 Now to 2013. During January through to the end of March there were 10 homes sold....
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
North Barrington real estate activity in December 2012 There were 3 listings closed in December 2012 and surprisingly one of those was a vacant lot.  December 2011 it was 2. During the whole year 2012 we had 55 closings. Compare that to 2011 when there were 48. I always say it takes more than 2 data points to see a trend so the chart below shows closings since 2007 which was the year real estate really started to slide. It is interesting to note that 2008, 2009, 2010 were jumping around a little but there's also no doubt we are doing much better now. There was a considerable jump from 2010 to 2011 sales, more so than 2011 to 2012 but I think I'll stick my neck out and say North Barrington sales in 2013 will be above 50. View available North Barrington homes for sale Read more on my pers...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
120 Scott Road, Barrington, IL Come See This Great Home on 12/2 from 12:30-3:30!   This Stunning 11,500 Square Foot, 6 Bedroom, 7.5 Bathroom Custom Home Sits on 2.82 Wooded Acres. This Amazing North Barrington Home Features an Amazing Deck, Huge Yard, In-ground Pool, Hot Tub, and Waterfall. The Brand New Lower Level Walk-Out Features a 2nd Kitchen, Theater Room, Guest Suite, Family Room, and Rec Room.  
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
This lovely old American Four Square home and acreage sold and closed  Thursday 9/27/2012 to my buyer clients. Located at 112 Old Barrington Rd in North Barrington the property appealed because the house was in good condition and although the land is in need of rejuvenation, it is destined to become what it once was – a glorious horse property of 6.4 acres with barn, paddocks and pastures. I look forwad to visiting in a few months time to see the transformation and of course to meet the 3 horses destined to live there.
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
This year is absolutely flying by and real estate in Barrington is certainly picking up. More enquiries, more buyers, more sales and more closings. North Barrington real estate is likely showing the same pattern but it's not a very big village so the gains may look small. The important thing to know is that the Barrington zip in general has 22% more sales this year than for the same time last year. Wynstone in North Barringtonhas suffered a big loss in values over the last 5 years or so, and it is important for us to monitor Wynstone separately from North Barrington real estate to see if things really are looking better. Today I am going to use the first quarters sales and compare to the second quarter just finished. I also want to calculate an average cost per square footage based on s...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Having just secured a new home in North Barrington for my relocating clients from Pennsylvania, I once again find myself satisfied that not only did I secure the perfect house for them as tenants, but my patience is what got us there. It's funny that when you are blessed with a gift and always have been, you never really think about it. It's true I do have a lot of patience. Having been told by client after client every year that they appreciated my patience, it shouldn't surprise me that again my client thanks me, in her words, for my "unending patience". I consider it to be my job, but have to say it is very nice that people not only recognize it but go out of their way to thank me for it. On this occasion it was more a matter of waiting for the relocation documents to be signed, seal...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Before we look at the last quarter of 2011 to see what's selling in Wynstone North Barrington, you might be interested in the first three quarters of 2011, so here are the reports. First Quarter 2011 ................. Second Quarter 2011 ........................ Third Quarter 2011 To summarize the content of these reports: In the first quarter, 7 homes sold, 45 homes available; 2nd quarter 4 sales, 47 available homes; 3rd quarter 8 sales, 43 homes available. Now it's time to see the total sales for 2011, and we'll also take a look at the popular price range in Wynstone, foreclosures, short sales and other data. Wynstone North Barrington Sales 2011 As you can see the last quarter of the year only had 3 sales with an average marketing time of 333 days. The good news is there are 6 listing...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
As I start this post I almost wonder before I do my research what the results will show me. Why, well I guess it's because I watch the Barrington real estate sales and new listings every day and in my mind I have a note to self about how many homes there are for sale in Wynstone in the price around $800,000. My recall tells me it's a lot. Let's take a look. In fact there are 13 homes for sale between $700,000 and $900,000 with prices from $745,000 to $894,000. All are 4 or 5 bedroom homes. In one subdivision that's a lot of competition in a set price range. 9 of these homes have reduced their price, some more than $100,000. The size of the homes is not necessarily in line with the price either. Property number two for example with a price of $747,000 down from $895,000 has more square f...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
In the last three months I have noticed an upswing in traffic to my web site for searches that had Wynstone real estate in them. We all know that most buyers will start their home buying process with online research and can often be months away from making a purchase. Wynstone real estate in North Barrington had a quiet year in 2010 so let's take a look and see what the first quarter of 2011 tells us. First I was surprised at how many searches were made on my site for Wynstone real estate. Over the first three months of this year I had 330 searches for people looking for real estate in Wynstone. For a subdivision in North Barrington that has approximately 400 homes, that's quite a lot. Of course some were visitors that came back to look more than once. Who knows by the end of the year m...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Wynstone Real Estate - North Barrington Market Report End 2010 Real estate in Wynstone North Barrington has not been very active this year. With only 7 homes sold the average marketing times of those sales was a wopping 864 days. If we compare this to 2009 there were 14 homes sold and an average marketing time of 361 days. 2009 was very similar to 2008 with 13 sales and an average marketing time of 331 days. What about 2005? This was the last year that I consider we were a sellers market and there were 33 sales that year with an average market time of 300 days. What has happened to the median price range during the last 5 years? Here's a quick chart: 2010 - $717,000 2009 - $730,000 2008 - $956,250 2007 - $1,162,500 2006 - $980,000 2005 - $1,154,000 As you can see since 2005 we have lost...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
North Barrington Homes-Market Report Year to Date-Dec 2010-Real Estate in Barrington In 2009 there were 36 sales of  North Barrington Homes. So how well are we doing in 2010, are we on target, has the median price gone down, is the marketing time more or less? In 2009 the median sales price for North Barrington Homes was $492,500 In 2009 the average sales price was $565,415 In 2009 the average marketing time was 286 days. In 2009 the list to sales price ratio of all the homes sold was an average of 91% of final list price. In 2009 the list to sales price ratio of homes sold was 62% of the original list price. The lowest sale in 2009 was $194,000 and the highest in 2009 was $1,300,000. The was North Barrington Homes only and did not include land or commercial properties. If you are in th...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Why Are There So Many Homes For Sale In Wynstone North Barrington? Wynstone of North Barrington is a gated community of homes situated on a golf course. There are about 400 homes most of them single family, with a few lots remaining to be built. As I write this post there are 60 single family homes available for sale, 2 half duplexes, 7 vacant lots and  8 homes for rent. Taking the homes for sale of 62 that amounts to about 15% of the homes in Wynstone on the market. So why are there so many? Do I have a specific answer for you? No. So lets look at some of the data. Home prices range from $575,000 to $3,800,000 Association fees thate prices ranges from $450 to $923 per month Real estate taxes range from approx $14,000 to $43,000 per year. Homes available for sale today-June 8th 2010 - 6...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
Market Statistics for the Wynstone Subdivision in North Barrington IL - Listed Property vs. Sold Homes - Past Month Out of 62 properties for sale in the Wynstone Subdivision (many of the homes are on a beautiful Jack Nicklaus golf course within the community) only one has closed in the past three months!   39 S Wynstone Drive.  (It closed for 717k in January.) Sellers are really taking it on the chin  in this subdivision.  Virtually nothing is moving - and prices continue their dramatic decline.  MLS List prices range from $675,000 to $3,800,000 (for an 18,000 sq ft home) - though we know of properties that are listed in Wynstone - for under $500,000.   (This is because not all properties in Wynstone are in the MLS - and not all the ones in the MLS pop up - when someone searches by the ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Homes in Biltmore Country Club North Barrington Illinois North Barrington Illinois is just one of the Villages that make up the Barrington Illinois area.  North Barrington has a land area of 4.39 square miles and has about 3000 residents. Two notable locations in North Barrington are Wynstone Gated Golf Course Community and Biltmore Country Club which was established in 1926. Sitting a top a hill is The Country Club and the Golf Course. With an 18 hole par 71 course you'll find narrow fairways, rolling hills, wetlands and meadows amongst towering trees. Biltmore Country Club offers much more than golf. This year sees the opening of the new Cabana Club on the beach of Honey Lake, the pool opens Memorial Day weekend and will be open until early September. There are also walking trails for...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Selling Homes in North Barrington and Overcoming Objections It is a glorious day in North Barrington today. With tempratures in the mid 70's, a gentle breeze and not a cloud in the sky, what better day to show a new listing to a buyer client of mine. We set out at 11am to see a home in North Barrington on a large lot. The home has the right amount of space for my buyers-not too small and not too large. Many of the homes in the North Barrington are just too big for 2 empty nesters. A mental checklist told both the buyer and myself that this might just be the perfect property. From entering the home and seeing the expansive views it is clear we are off to a great start. The kitchen is just fabulous, all upgraded with new cabinets, stainless appliances and gorgeous granite; and with contem...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Would you pick your North Barrington Realtor from a deck of cards? I doubt it. So are you going to pick a politician, judge, governor and whoever else from just looking at this? Aside from the fact that most village ordinances do not allow signs like this on the village easements, I have to wonder why Politicians think this is going to help them. This was just one corner of a busy junction in North Barrington, 2 more were just the same. The mere fact that these candidates advertise this way appalls me. What a mess! Over the last few weeks all I have listened to is candidates on TV tell me why I should not vote for the opposition. Or they tell me what rules and ordinances they are going to reverse because they did not think it was right. None of them have told me anything about what they...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
The 2009 Real Estate Market for North Barrington was more active than 2008. Sales in 2007 were 39 Sales in 2008 were 28 Sales in 2009 were 36 North Barrington Illinois is home to both single family homes, luxury homes and well known subdivisions: Wynstone Golf Course Gated Community Biltmore Country Club and Community Single Family Homes sold on average in 286 days. Single Family Homes sold at  91% of the final list price - 84% of the original list price. The average sale price in North Barrington was $618,000. Lowest sale price was $194,000 which was a short sale and highest $1,300,000. The were only 2 short sales but 6  foreclosure sales. The chart below gives a breakdown by bedroom count. If you are thinking of selling your North Barrington home this year - attention to pricing is st...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Wynstone Homes are part of the Gated Community and Golf Course known as Wynstone and is situated in North Barrington Illinois At the time of writing there are 57 homes for sale in Wynstone North Barrington. Prices start at $575,000 and go up to $4,200,000There are 5 three bedroom homes, 27 four bedroom homes and 25 homes have five bedrooms or more.There are 2 attached homes for sale with prices of $575,000 and $695,000. These 2 homes are 3 bedroom duplexes on Clubhouse Drive.There are 9 available homes for rent in Wynstone with monthly rental amounts from $3,500 to $8,000. In the last 12 months there have been 15 sales of Wynstone real estate with an average sale price of $913,827. 3 bedroom homes sold for an average of $600,000 and represented 83% of the final list price. 4 bedroom hom...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
The first chart is showing the marketing times for home sales in North Barrington for 2009 to date. The next chart reveals the sales price to asking price percentage. As you can see North Barrington homes are selling on average for about 93% of the final list price. This is close to what we would expect to see in a good market which averages about 95%.************************************************************************* Search all properties at http//www.realestateinbarrington.com Contact Corinne Guest ABR, e-PRO, GRI, Broker, Royal Advocate Realty Licensed Realtor® in Illinois, 847-381-6328 to list your property for sale or to buy a property in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthor...
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