Barrington IL Real Estate

Q. Can a First Time Buyer Afford Barrington? A. Yes

In case you had not heard prices are down, mortgages are low and if you buy before April 30th and close by June 30th you may be able to take advantage of an $8000 tax credit.

So what can a 1st time buyer get in the Barrington 60010 area? There are currently 59 properties for sale in the Barrington zip code 60010 with choices such as a studio condo at $99,000, 2 bed, 1.5 bath condo in the village for $115,000, 3 bedroom 2 bathroom condo $159,900, Lake Barrington Shores units start at $147,000, some foreclosures and short sales make a great deal for prices; or a village cape cod for $170,000, new condo at Creekside Point for $249,900, 3 bedroom, 1 bath ranch near the elementary school and more.

The majority of the homes are located either in or close to the village of Barrington or condos are available in Lake Barrington Shores a couple of miles north of the village. Barrington has a great school system, there is a Metra Line station in town for easy commute to Chicago, we have the Catlow Theater, antique stores, Jewel Osco in town, there is no lack of shopping closeby. If you still crave night life it really is not that far to Chicago by road or rail, Schaumburg I am told has some night clubs - I've never been there - too old!

Below you will find many of the homes for sale in Barrington under $250,000. You can view all of them in detail, no registration required. If you see something you like I would be happy to help you through the maze of buying your first home, in Barrington Illinois or elsewhere in the surrounding areas.
Have fun!

The 2009 Real Estate Market for Barrington Illinois.

Barrington Illinois real estate comprises all the homes in the village, those homes incorporated into Barrington and also homes that are in unincorporated Barrington. This forms the largest part of the 60010 zip code.

There were 190 residential home sales in 2009. 171 of those were single family homes and the other 19 were either condos or town homes. There may be a few stray sales that were marked as being in Barrington when in fact the official address was another village. I saw a Lake Barrington property marked as Barrington so I am sure there are others. For the most part the addresses are correct.

Single Family Homes sold on average in 201 days. 
Town Homes/Condos sold on average in 155 days.

Single Family Homes sold at  94% of the final list price - 87% of the original list price.
Town Homes/Condos sold at  91% of the final list price - 85% of the original list price.

The average sale price of a single family homes in Barrington was $464,000, and of a town home/condo $240,000 Lowest sale price was $81,500 which was a foreclosure and highest $1,245,00. The were 14 short sales and 14 foreclosure sales. 28 sales of 190 means our distressed sale rate is about 15% which is much higher than in previous years.

The chart below gives an average breakdown by bedroom count.

If you are thinking of selling your Barrington home this year - attention to pricing is still key as is exposure of your home on the Internet so as many buyers and the Realtors can find your property. Call me if you would like your home featured on blogs, web sites in addition to traditional advertising.