Real Estate in Barrington & The Northwest Suburbs

Lake Barrington Shores - 3rd Quarter Market Report; Ticking Along.

It's high time I published the third quarterly report for Lake Barrington Shores. We are more than half way through October and if I don't get it done today I might miss it completely. So here goes.

Let's first take a look at rentals. If you recall last quarter I mentioned that rentals in Lake Barrington Shores were hot properties. At the time of writing last quarters end there were only 2 available. As of today there are now 10 available. That's still under average but at least there is a little more choice.

Now for sales. It's exciting to see more sales in this past quarter than both the first or second. The graph below is showing sales and market times for this year. Sales up, market times coming down, all is good? Maybe, maybe not.

Graph of sales and market times in Lake Barrington Shores

We still have a lot of inventory to move in Lake Barrington Shores. There are 74 units available for sale, with another 6 under contract. Those that are available have a current average market time of 253 days. That's the average, so many have market times higher than that.

So what can we say for sure? Well as usual it's price and condition that are ruling our sales. Location is a given as they are all in the same complex. Waterfront units maybe more appealing but then again some buyers want the golf course, so I think it evens itself out. The lower priced units are selling faster than the higher priced units. If you are listing for sale consider this when you are pricing. Look at your direct competition and undercut them where possible.

I'll be back in January to update the graph but I expect sales may drop a little, although with 6 already under contract maybe they wont. See you in January!

Corinne Guest

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Realtor & Managing Broker
Royal Advocate Realty, Barrington

Call today 847-363-3686 for real estate and relocation service.

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Short sales opportunity, golf course town homes in Lake Barrington Shores-LBS





154 Timber Ridge Lane
Lake Barrington, IL 60010
Short Sale Golf Course Views Town Homes in LBS

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Corinne Guest


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Price : $300,000
Bedrooms : 3
Bathrooms : 3.5
Square Foot : 1,789
County : Lake
Property Type : Detached
Year Built : 1978
MLS Number : 07834861



click for more information and pictures

Property Description
Spacious 3 BR, 3.1 BA Essex Model.

Family sized kitchen w/eat-in area.

1st flr den/office.

Private balcony off the Mstr BR.

Lots of built in bookcases.

4th bdrm/office in the WALKOUT Finished Lower Level.

Great golf course views.

Large private courtyard, grill stays

2 car garage.

All mechanical's 2 to 4 yrs old, kitchen appliances gleaming new this year.

Home Warranty.

Will need some carpets replaced.

SHORT SALE but bank have told us only 4 to 6 weeks for an answer.
Equal Housing Opportunity.
Royal Advocate Realty : 509 Old Northwest Hwy #190 - Barrington IL 60010 : 847-363-3686

Corinne Guest

Google Me

Realtor & Managing Broker
Royal Advocate Realty, Barrington

Call today 847-363-3686 for real estate and relocation service.

Real Estate in Barrington and The Northwest Suburbs

A Discussion For Home Sellers


 Realtor and Equal Housing Logo

Lake Barrington Shores Real Estate-Condos and Town Homes For Sale in this Gated Golf Course Community

Lake Barrington Shores Real Estate-Condos and Town Homes For Sale in this Gated Golf Course Community

Over the last 2 days I have spent much of my time in Lake Barrington Shores either looking at condos and town homes for sale with clients or attending home inpections for homes my clients have decided to buy. Based on my personal experience in the last two weeks Lake Barrington Shores is an in demand gated golf community in Lake Barrington.

lake barrington shores real estate lifestyle


So why is Lake Barrington Shores Real Estate popular?  First let's discuss the lifestyle. Look at the grounds as shown in these photos, think about a very large lake for leisurely boating and fishing - a club house with 2 swimming pools-one indoor - a fitness center - conference rooms and ballrooms - the 18 hole golf course - walking paths through-out the community - beaches and outdoor grills along the shoreline of the lake - a bike riding path - well now perhaps you can imagine that this is a little like being on vacation year round.

flowering trees amongst the condos and townhomes


One of my clients has decided to buy a Lake Barrington Shores Townhome and this is the spring view from the front of that home. Many of the condos and town homes are located on small cul de sacs like this and the landscaping is gorgeous. Although there are no flowering trees or gardens during the winter there are towering evergreen trees providing some very pretty scenes with the snow so your view will never be dull. The landscaping companies are out in full force adding mulch - weeding - trimming and tidying up.

pond and back of Lake Barrington Shores club house


Residents whether real estate owners or renters have full access to Lake Barrington Shores Clubhouse. The view above shows the back of the clubhouse across from one of the many ponds and is where the outdoor swimming pool is with a big area for relaxing. It was almost warm enough for the umbrellas to go up on the picnic tables but the pool is not yet open. I expect in May if our weather holds they will open it up but for now the indoor pool is the place to be.

lake barrington shores wildlife


If you enjoy wildlife there is plenty of it in the gated golf course community of Lake Barrington Shores. Be prepared for deer-geese-squirrels-ducks-chipmunks and more. As i was sitting a home inspection I watched Mr and Mrs Mallard duck wandering across the back of the home no doubt on their way from pond A to pond B. And then comes along Mr Mallard no 2. I wondered if he had a crush on Mrs Mallard he was certainly in a hurry!

beaches along the shoreline in Lake Barrington Shores


On an April day the weather here in Lake Barrington Shores was glorious. At 65F with the sun high in the sky the lake was beautiful. The trees are in bloom or halfway to full leaf coverage and now all you can see are the rooftops of the homes across the water. The Canadian Geese were pausing on the beach. Looks like he wanted to go back to swimming and she was heading for some grass for lunch.

back of town home in Lake Barrington Shores


If this type of lifestyle living is what you are looking for in the Barrington Illinois area - Lake Barrington Shores real estate is the place to be. You can search for your perfect condos and townhomes at my Barrington real estate web site or map the condos and townhomes for sale in Lake Barrington Shores and see which location would be perfect for you.

You can read more about my recent days in Lake Barrington Shores and the real estate for sale in my next blog post.


Copyright 2010 Corinne Guest All Rights Reserved  
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Lake Barrington Shores Real Estate-Condos and Town Homes For Sale in this Gated Golf Course Community*

 

Corinne Guest

Google Me

Realtor & Managing Broker
Royal Advocate Realty, Barrington

Call today 847-363-3686 for real estate and relocation service.

Real Estate in Barrington and The Northwest Suburbs

A Discussion For Home Sellers


 Realtor and Equal Housing Logo

Lake Barrington Shores, Condos & Townhomes. Gated Real Estate Community.

Lake Barrington Shores, Condos & Townhomes. Gated Real Estate Community.

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A unique subdivision in Lake Barrington is Lake Barrington Shores. This is a gated community of condos and townhomes, situated around a lake with a golf course and clubhouse. The approximate number of units is 1300 and range from 1 bedroom, 1 bathroom condos with prices around $135,000, all the way up to large townhomes with 4 bedrooms , 4 bathrooms over 4000 square feet with prices in the $700,000's. Styling of these units is uniform with neutral cedar siding, no exterior yard signs, lots of deciduous and evergreen trees and a speed limit of 20 mph. Lake Barrington Shores allows fishing, rowing, sailing and kayaking on the lake but no powered vehicles. There is a walking path around the lake, play golf on the members only course, there are tennis courts, swimming pools and more. This community is a lifestyle community where you can get away from the stresses of life and enjoy the peaceful surroundings or take part in some of the activities. Here is a link where you can learn more about the community: http://www.lakebarringtonshores.org

 

If you are interested in finding a Barrington Realtor to help sell your unit, call me, I am ready to provide you with full service. If you in the market to buy a townhome in the Barrington area, consider Lake Barrington Shores. Below is some market data for you.

There are currently 66 units for sale with a minimum price of $189,000 and maximum price of $799,500. The average time these units have been for sale is 189 days. 5 more units are under contract.
In the last 6 months 29 units have sold and the price range was $135,500 to $650,000 with an average marketing time of 138 days. If I compare this to sales in the last 12 months of which there have been 41 sales, the marketing time appears to be decreasing. This may mean sellers are becoming more realistic about pricing and securing contracts quicker. The most active price range for sales is $300,000 to $350,000.
The median list price is $299,500 and the median sold price $299,000. This price point will buy you a 3 bedroom, 2 to 4 bathroom townhouse, many of which have 2 car garages, private courtyards, finished basements some of which are walkouts.

Contact me to buy in Lake Barrington Shores. Tell me you found me on this Barrington Blog and I'll pay your attorney fees up to $500!

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Contact Corinne Guest ABR, e-PRO, GRI, Broker, Royal Property Investments LLC 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, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me today at 847-381-6328. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.

Click here to view all the Barrington Illinois homes for sale and then click on Search For Properties. Or view information about area town in Barrington. With over 75 square miles in the zip code 60010 there is a lot of real estate available. You can view homes in all of Northern Illinois.

P.S. If you are listing your home as a short sale in Barrington Illinois or the surrounding suburbs of Chicago, make sure you hire an agent who knows how to do short sales and has the experience to get the job done. I have successfully closed Short Sales with the assistance of Karl Goodman and Christine Garner, a short sale manager and attorney/title company. Based in Rockford and Schaumburg they take care of negotiating my short sales and getting them to closing, while I concentrate on marketing the homes.

Don't get foreclosed on! If you are in trouble do not live in denial, call me on 847-381-6328 to find out more about Barrington Short Sales and Lake County Short Sales.

Copyright © 2008 By Corinne Guest, All Rights Reserved.

 

Corinne Guest

Google Me

Realtor & Managing Broker
Royal Advocate Realty, Barrington

Call today 847-363-3686 for real estate and relocation service.

Real Estate in Barrington and The Northwest Suburbs

A Discussion For Home Sellers


 Realtor and Equal Housing Logo