Real Estate in Barrington & The Northwest Suburbs

Lake Barrington Real Estate - Property Sales 2011

Lake Barrington Shores makes up a large amount of the housing in Lake Barrington, but there is more. Lake Barrington real estate includes about 900 single family homes most of which are located on 1 to 2 acre lots.

Before we look at sales of Lake Barrington real estate in 2011  it's interesting to look at new construction here. A few years ago two new larger subdivisions were created, Tallgrass and The Enclave of Heritage Estates. Another small one Walnut Grove also started.  All three came to a grinding halt when the market fell and have yet to show any signs of life.

New construction permits were in double digits until 2002, then they dropped to a slower rate of about 4 or 5 a year. 2008 and 2009 had one apiece and 2010 saw two new homes built. So while there is space in Lake Barrington real estate for new homes, it appears not to be on anyone's immediate agenda.

Now back to the activity in Lake Barrington real estate in 2011

Total sales of single family homes in 2011 amounted to 24 homes with sales prices from $304,000 to $875,000. Sales for Lake Barrington real estate were on average 93% of the asking price. That's good for sellers, but I have to say price reductions were still needed to get that sale. Sales price to the original list price was low at 84%. I hope this coming year will see a little more stability in Lake Barrington real estate, I too am a property owner here. I also hope sellers will list at the right price range for their home at the very start.

Lake Barrington real estate contracts for sale took on average 318 days in 2011.

Four bedroom homes were the most popular, followed by five bedroom homes, then 3 bedroom homes. Lake Barrington real estate has a lot of subdivisions that are under 20 years in age. So although new construction is not yet available, buyers can consider homes in Savannah, Heritage Estates, Kelsey Farms, Estates at Lake Barrington, Brookside and others to find homes in great condition with little need for upgrades.

Lake Barrington real estate offers many 21 single family homes and 56 town homes and condos for sale. View many at our property search.

Updated Foreclosed Home on Savannah Trail in Lake Barrington Illinois

Tuesday every week in Barrington Illinois is Broker Tour Day. Brokers with new and existing listings will host any of their listed homes open for brokers (and real estate agents) to tour the homes to keep in mind for their buyers.

Broker Tour is not something I usually take any time to do. I prefer to preview homes for my buyers if they wish, rather than spend an entire day looking at all the homes newly listed for which I do not have an active client. However today I made an exception and will do so if there is a property of particular interest to me. It only took me 10 minutes and I visited this home on Savannah Trail in Lake Barrington Illinois because I viewed it with a buyer client of mine in the fall when it was available for sale as a foreclosed home. At the time it was in pretty poor condition for a home that was not even 10 years old.

I had seen the property listed for sale last month and saw the broker open signs. I thought I would take a peek and see whether the owner had done a good restoration job. The owner had put in a new kitchen with granite counters and stainless steel appliances, all the floors had been re-finished, the entire house inside and out has been painted, the bathrooms have all been re-done. The part of the home that was in the worse condition was the basement which had mold growing up the walls due to the refridgerator line dripping for months while the house was abandoned. Now you would not know. Oh and all new carpets. He also moved a wall where the upstairs loft was - to create a smaller loft and a sitting room for the master-what a great selling feature.

I congratulate the owner for a fabulous job. There is no doubt this home is now one of the nicest in the Savannah subdivision. All he needs to do is fix the deck which now the weather is co-operating should not take long.

It is one of 3 available for sale on Savannah Trail in Lake Barrington Illinois. I cannot show the property here because the broker has opted out of virtual office web sites  i.e.blogs like this. However visit my Barrington web site and I have created a special page for properties on Savannah Trail in Lake Barrington Illinois.

Contact me for information on homes in Savannah Trail Lake Barrington Illinois.

Copyright 2010 Corinne Guest All Rights Reserved  - *Updated Foreclosed Home on Savannah Trail in Lake Barrington Illinois*

The Enclave of Heritage Estates-Lake Barrington Custom New Homes

If you are looking for new construction in Lake Barrington and would like a custom home built consider The Enclave of Heritage Estates. The subdivision is a gated community of 66 acres with 32 custom homes planned for this new subdivision. You'll find The Enclave of Heritage Estates hidden behind Heritage Estates in Lake Barrington which is accessed of Kelsey Road.



The minimum size lot is 1 acre with up to 6.38 ares available with a pond. Lots are not currently for sale but may soon be available at a discounted rate. If you would like to buy a lot in The Enclave of Heritage Estates and have time to wait-contact me so I can explain why prices are likely to be discounted probably later this year. Lot choices are exterior, pond view or interior. Due to undulations in the land here you can find lots that will allow both English and Walk-out basements.

There is one custom home for sale in The Enclave of Heritage Estates in Lake Barrington-with 2 existing homeowners currently enjoying a very quiet subdivision all to themselves.

Available is this brick and stone home with about 5500 square feet of main level living space and a walk-out basement ready to finish and plumbed for another full bathroom. It is situated on an exterior lot with deck and patio, and some of the interior features include 4 bedroom, 4 full bathrooms and 2 half bathrooms, study, bonus room on 2nd level, 10 foot ceilings on 1st floor, 3 season sun-room, 4 car heated garage with radiant heated floors  and gorgeous gourmet kitchen. You can even buy the furnishings as this is the model home. Price has been reduced from the original $1,750,000 to the current $1,299,000 and the seller is looking for offers. Does this sound like your new home? Call me for more information. Corinne 847-363-3686.



As is typical for Lake Barrington-The Enclave of Heritage Estates has plenty of wildlife visitors. In the snow I could see the usual deer tracks and no doubt the coyotes will track through here. Being an open area on a good winters day like today and certainly during the warmer months you'll find plenty of hawks soaring above looking for voles and mice. As a mostly grassy area I am sure they still find plenty of food here.

Street names for The Enclave of Heritage Estates are:

• Enclave Way
• Coyote Trail
• Hawks Nest Circle

Search for property in The Enclave of Heritage Estates and Also Heritage Estates

Copyright 2010 Corinne Guest All Rights Reserved. *The Enclave of Heritage Estates-Lake Barrington Custom New Homes*

The 2009 Real Estate Market for Lake Barrington was active but less than previous years.

Lake Barrington Illinois is home to both single family homes and also Lake Barrington Shores a town home and condo complex. Here are the statistics.

Single Family Homes Sold - 15
Attached Homes Sold - 36

Single Family Homes sold on average in 150 days.
Attached Homes sold on average in  253 days.

Single Family Homes sold at  92% of the final list price - 86% of the original list price.
Attached homes sold at 93% of  final list price - 88% of original list price.

For both categories the higher the price of home, the longer the market time. The chart below breaks down this data into bedroom count.



If you are thinking of selling your Lake 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.