Real Estate in Barrington & The Northwest Suburbs: Illinois: Barrington: South Barrington

South Barrington Real Estate - 2011 Year End Review

January 18th 2012 already! This month is flying by so I must get the remaining market reports done for 2012. Today we'll review South Barrington real estate sales during the last year. In case you are a first time reader or not a local, South Barrington real estate is known for it's luxury homes in the zip code 60010. South Barrington real estate has suffered alongside the rest of the zip code. Values have fallen, sales have slowed and while not a majority of the market, we have not been immune to short sales and foreclosures.

South Barrington Real Estate Market Report-Absorption Rate

This chart has a few tales to tell. The difference in South Barrington real estate sales between the two halves of the year is astounding. In the first 6 months there were only 9 sales. The second half had 37. Thankfully the last 6 months had a more balanced sales activity. In 2012 we have 10 South Barrington homes under contract so sales in the first half of this year should be better.

Our absorption rate shows we are still in a buyers market with about 9 months of supply. A small increase in list to sales ratio was seen but we really need to pull this up a little to 95%. If listing your South Barrington home in 2012, your average days on market hovers around 200 days. Ask me to make suggestions on how to beat that number. Corinne: 847-363-3686

Welcome, if you found this post then the chances are you will be relocating to South Barrington sometime in the not too distant future, or South Barrington is one area you are considering for your new home. As relocation specialists we are glad you found us. It doesn't matter whether you are coming thousands of miles, or from another suburban city closeby, packing up and moving is no easy task and our goal is to make the process less stressful.

You might wonder why we love helping relocating families. If you read our bio hopefully all will become clear! If not I think it's a simple as using real life experiences to help my clients have a better experience. I make no bones about it, I consider myself far more experienced that other South Barrington Realtors. Why? Because I have the unique hands on experience of moving myself both nationally and internationally and more than once. I know it's far more than just a property move. There are families involved, kids, pets, new jobs, schools to be organized, and so much more.

South Barrington is a choice many luxury home buyers make. It's close to I-90 so if you need to commute to downtown Chicago you'll be on the expressway within minutes. There are also lots of major hospitals near to I-90, for Doctors and Physicians this makes the travel to work relatively easy. Sherman Hospital in Elgin, St Alexius Hospital in Hoffman Estates and Advocate Hospitals are all easily reached from South Barrington.

Homes are typically on 1 to 2 acre lots. You'll find waterfront properties in South Barrington, an Active Adult Community, several gated communities and undoubtedly the most luxurious homes in the Barrington market, aside from a few in Barrington Hills. We've got all the South Barrington real estate listings by price range for you to browse. You can look at the newest listings, even find out what homes recently sold. If a relocation to South Barrington is in your future, sign up for our Relocation Success Program and become a priority client, no strings attached, nothing to sign, we would just love to work with you.

South Barrington IL current has 97 homes for sale, all of them being single family homes. We are half way through the year and so I am curious. Is South Barrington doing better this year than last. I have already reported on the upper quartile for South Barrington now lets look at the whole picture as most homes fall well below some of these high priced homes.

The range of prices for South Barrington IL Homes for Sale is from $399,999 to $5,900,000. Most of the homes fall between $700,000 and $2,000,000. The lower price homes are either The Woods of South Barrington Active Adult homes or distressed and older/smaller homes.

In fact I have decided to compare this year to both 2009 and 2010 to give us a much broader idea of whats happening. The chart below shows sales by month through January 2009 to June 2011. Blue is 2009, red is 2010 and green is 2011.

South Barrington IL Homes Sold

In 2009 there were 37 home sold, about 3 every month. In 2010 it jumped to 49, just over 4 a month. That's a 25% increase in sales. The median sales point on 2009 from those sales was about $933,000, in 2010 it was $861,000, so more sales but a lower middle point.

Whoa what happened!! In 2011 so far we have only had 9 sales. Does that mean we are barely going to make 18 to 20 this year?

I hope not, things don't look good - keep reading, there is good news ahead! .

The median price has risen a little from last year to $882,000.

Here is the good news. As of today July 12th, there are 19 South Barrington homes under contract, yes 19. If they all closed later this month or in August, it will get is back on track with 28 in the first 8 months of the year. So if you are thinking of selling your South Barrington home, I think we just got a late start, who knows maybe it was the late start to summer.

I hope you found this report interesting, I know I did as I did the statistics. You can find all sorts of  "How's The Market" data and reports on this site and blog, but if you have a specific question, I'll do my very best to answer, just remember I don't have a crystal ball!

For now enjoy the summer months whether doing yard work, with your kids on holiday from school or going on a vacation, we all need some R & R. I'll be back in a couple of months looking at South Barrington again.

Oh if you want to look at homes for sale in South Barrington,  they are listed on my site.

Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686

Copyright Corinne Guest June 2011 *South Barrington IL Homes For Sale - Market Report*

South Barrington Homes - A Taste of Northern Illinois Luxury Real Estate

Northern Illinois is home to some very nice communities that have luxury properties for buyers, located both in the city of Chicago and also the suburbs. The north shore area, north of Chicago, is home to communities that have been around for a long time and the homes there are often older and on typical sized lots of quarter to half an acre. They are very beautiful and if you like architectural offerings this might be the place to look for your next luxury Illinois home. If on the other hand more open green space with one to two acre lots is more your style, South Barrington homes might offer just what you are looking for in a luxury home and they are younger too. South Barrington homes are close to I-90 so if you need to commute to the city of Chicago for business or pleasure you can access the tollway within just a few minutes. This also makes it quick if you have to fly for business as South Barrington of all the Barrington villages is the closest to O'Hare airport.

South Barrington Home Styles

I would class homes in South Barrington as being primarily traditional styles. You'll see Georgian, Tudor, and even Contemporary but the bulk of the houses are going to be brick, stone and cedar siding with asphalt or cedar shake roofs. As for size, well prepare to see a wide variation. With prices starting as low as $450,000 and topping out at $6,900,000, I can find you a home with 2,250 square feet to as much as 13,000 square feet. The older homes were built in the early 1970's and as time has passed the houses have grown in square footage, features, amenities, and of course stature. Although South Barrington was incorporated in 1960 there were homes built before then but few of them remain today, having been torn down and new subdivisions built.

Active Adult Community Homes in South Barrington

Toll Brothers brought the only Active Adult living community there is to this village, and in keeping with South Barrington's luxury homes inventory, they are of course very attractive, offer up a modest 2200 to 2500 square feet of single level living with basements and have the features you would expect in any luxury home. Luxury gourmet kitchens, with granite counter tops and kitchen islands, ceramic tiles, scraped hickory wood floors, extensive crown molding and more. Of course there is the added bonuses of being in a gated community and having a 7,000 square foot club house with pool and more to keep you occupied year round.

The Gated Communities of South Barrington

Not everyone needs or wants a gated community but if you do, South Barrington's choice is expanding. Our original gated community was The Glen. Although homes here are now 20 years old there are some younger and even today a few of the lots are just now being developed. The Glen can be affordable with prices under $1 million but also has some of the higher priced larger luxurious living on Lake Adalyn, for glorious views, swimming and non powered boating. The jewel of South Barrington is now Hidden Lakes. If you can imagine it, you'll find it here. One of South Barrington's newest subdivisions it is home to select properties in a beautiful landscaped subdivision with of course, lakes! Nathan's Glen is another new gated subdivision but construction has slowed while the economy recovers. If a smaller neighborhood is what you want, take a look at Nathan's Glen.

Magnolia Pointe is another of South Barrington's top luxury homes destination subdivisions, but unlike Hidden Lakes it is not gated.

More on Toll Brothers in South Barrington

In addition to the Active Adult Community Toll Brothers have built, right next doors is The Woods of South Barrington, their single family luxury homes subdivision. Homes are very typical Toll Brothers styling and properties here are located on smaller lots. They have just started construction in the last phase, just north of Penny Road so if you want to buy new this is certainly a good option for you.

I hope this article has given you a little insight into the luxury South Barrington has to offer in the luxury home market in Northern Illinois. Browse South Barrington real estate listings for sale by price range or continue to learn more about the village and the real estate that South Barrington offers.

South Barrington Homes $300,000 to $500,000

South Barrington Homes $500,000 to $750,000

South Barrington Homes $750,000 to $1 Million

South Barrington Homes $1 Million to $3 Million

South Barrington Homes over $3 Million

Sign up for your South Barrington property organizer and start saving your favorite homes today.

Contact:

Corinne Guest

Real Estate in Barrington

Royal Advocate Realty

Info@CorinneGuest.com

(847) 363-3686

Copyright 2011 Corinne Guest All Rights Reserved -  Originally posted at Real Estate in Barrington - Blog

South Barrington is a Great Place For Doctors To Live.

Well actually South Barrington is a great place for anyone to live. So why Doctors? Simply because South Barrington is located very close to I-90. It does not matter which subdivision in South Barrington you live in, it’ll likely only take you at most 5 minutes to get to I-90.

What’s so exciting about I-90? Not much, let’s face it, 6 lanes of traffic, cars, trucks, semi’s and toll booths is not a place we want to spend much time, but it does have advantages. You can get from A to B pretty darn quick, as long as you don’t want to head downtown to Chicago!

After spending some time with new Physician buyer clients this past weekend, I learned a little about how their working life is organized. They will see patients in their offices but if surgery is a skill set used in their practice they need to use a hospital. Each practice is affiliated with one or more hospitals.

Let’s say you are going to be affiliated with Sherman Hospital in Elgin, or Rush Children’s Hospital Specialists these are both very close to I-90. Alexian brothers in Hoffman Estates is just a minute south of I-90. Advocate Lutheran in Park Ridge can be reached from I-90 then north on I-294. Resurrection Hospital on the outskirts of Chicago is very close to I-90. Even Northwest Community Hospital can be reached from I-90 north on Route 53 and a few minutes west.

So if you are a Physician and need quick access to your hospitals, consider South Barrington and it’s close proximity to I-90. South Barrington has a great choice of luxury single family homes with prices from $600,000 up to about $8 million, it offers waterfront homes and large lots on average about1.5 acres. South Barrington homes are also close to The Arboretum Shopping Mall, The Tennis Club and Swimming Pools and theater too. Another option is Inverness, it’s very close to South Barrington with similar home prices.

Search South Barrington Listings.

Contact:

Corinne Guest

Royal Advocate Realty

Info@CorinneGuest.com

(847) 363-3686

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Copyright 2011 Corinne Guest All Rights Reserved * South Barrington is a Great Place For Doctors To Live. *

Looking for Luxury in Illinois - South Barrington Homes Offers Some Of The Finest Real Estate

Just 35 miles northwest of Chicago is a place much different to all the other surrounding suburbs. Gone are the rows and blocks, small lots and cookie cutter style homes. Welcome to a much greener land with acres per property, custom and semi-custom style homes, smaller enclaves of real estate and at the higher end of this beautiful area you’ll be sure to find the ultimate luxury, in South Barrington Homes.

So if you are looking for luxury in Illinois-South Barrington Homes offers some of the finest real estate in Northern Illinois. South Barrington is undoubtedly the village with the widest choice in luxurious homes. Recent new subdivisions are the Zitella development of Magnolia Pointe in which you’ll find luxuriously appointed estate sized homes. Hidden Lakes is a gated community of some of the finest homes in the entire Barrington area. For either subdivision you’ll expect to pay between two and seven Million dollars.

For a more modest budget between 2 Million and 4 million dollars Nathan’s Glen, also a new subdivision has expansive homes and The Glen one of our established gated communities and one of the largest in South Barrington with a modest 109 property sites has some luxury homes that are less than 10 years old. Cutters Run and The Coves offer both luxury and waterfront homes. The Coves has two lakes for use by property owners but no motorized vehicles allowed. Sitting on your deck, patio or four season room you’ll benefit from a pair of binoculars to watch the birds on the island in the middle of the lake.

Under 2 million dollars to spend will open up a wide choice of South Barrington homes for you to consider. There are many subdivisions with large executive style homes, commonly brick and stone, full basements, 4 to 6 bedroom, some with swimming pools, gourmet kitchens and more.

So no matter what your luxury budget is South Barrington homes in Northern Illinois have a lot to offer you and all are situated on 1 to 3 acre lots providing you with a sense of peace and privacy yet not being too far from neighbors to allowing community spirit. Situated close to I 90 for your commute to Chicago, children attend the award winning Barrington School district and don’t forget The Arboretum, South Barrington’s new shopping center.

Email or call for a list of South Barrington Homes.

Contact:

Corinne Guest

Real Estate in Barrington

Royal Advocate Realty

Info@CorinneGuest.com

(847) 363-3686

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Copyright 2011 Corinne Guest All Rights Reserved * Looking for Luxury in Illinois - South Barrington Homes Offers Some Of The Finest Real Estate*

 

South Barrington Homes-Market Report Year to Date-Dec 2010-Real Estate in Barrington

In 2009 there were 37 sales of  South 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 South Barrington Homes was $900,000
In 2009 the average sales price was $980,358
In 2009 the average marketing time was 260 days.
In 2009 the list to sales price ratio of all the homes sold was an average of 89% of final list price.
In 2009 the list to sales price ratio of homes sold was 85% of the original list price.

The lowest sale in 2009 was $370,000 and the highest in 2009 was $3,000,000. The was South Barrington Homes only and did not include land or commercial properties.

If you are in the market to buy, search all the South Barrington Homes for sale by price range.



Now lets compare 2010 to date:

In 2010 there are 46 sales of  South Barrington Homes to date.
In 2010 the median sales price for South Barrington Homes is currently $755,000.
In 2010 the average sales price is currently $921,071
In 2010 the average marketing time is 242 days.
In 2010 the list to sales price ratio of all the homes sold is also currently an average of 89% of final list price.
In 2010 the list to sales price ratio of homes sold also holding at 85% of the original list price.

The lowest sale in 2010 to date was $407,500 and the highest was $2,480,000. The was South Barrington Homes only and did not include land or commercial properties.

Whilst the median price has dropped considerably this is skewed by the lack of very high priced sales. The average price has also dropped by about 6%. The good news is that more South Barrington Homes have sold this year and we still have 3 weeks left in the year.

Contact:

Corinne Guest
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686

Active Adult Community of South Barrington-Regency Collection Ranch Homes

Barrington has only one active adult community and you can find it in The Woods of South Barrington. The Regency Collection is a gated active adult community of ranch homes and is just to the south of the main development of The Woods of South Barrington.

A typical home in this young active adult community is about 2500 square feet, walk out basements are available, 2 to 3 bedrooms and 2/3 bathrooms and 2 car garages.



Considering an active adult community for the next phase in your life? You need to be over 55 years young to live here and there are no children under the age of 18 allowed. There are ready built homes for sale but if this is the time of your life to finally get a home you absolutely love, nothing to do, all finishes your own choice there are a choice of lots available for your perfect home.



All residents in this active adult community have access to the Regency clubhouse. There is a swimming pool and gym. Monthly assessment's include lawn care and snow removal you you'll be able to enjoy your own time resting, playing golf on one of Barrington golf courses or go shopping and have dinner in The Arboretum.

For the younger generation the single family homes in The Woods of South Barrington start in the Low $700,000's. Call for an email list of Active Adult Community homes in The Woods. 847-363-3686.

Copyright 2010 Corinne Guest All Rights Reserved - * Active Adult Community of South Barrington-Regency Collection Ranch Homes *

The Woods Of South Barrington Luxury Homes

If you are looking for new construction in South Barrington - The Woods of South Barrington is a new developent of luxury homes on smaller lot sizes. You'll be able to choose from ready to move into homes, re-sale homes or custom built homes. The builder of The Woods of South Barrington is Toll Brothers and the homes here are built very much  in The Toll Brothers style.

There are a few lots left for building in the original phases or you can opt to have a luxury home built in the final phase which is just north of Penny Road and Route 59 South Barrington. Above is the model home already built in the final phase of The Woods of South Barrington.

Homes in The Woods of South Barrington vary in size from about 2700 square feet to over 5000. Most have brick fronts and many are all brick or stucco. There are a variety of floor plans. Typical lot sizes are less than half an acre but there are some on  3/4 acre lots.

Landscaping in The Woods of South Barrington is beginning to settle in. There are areas of conservation with wildlife ponds and the trees and shrubbery have a few years growth. In a few years as the trees grow taller and put on more foliage there will be more shade. Toll Brothers have planted considerable amounts of both deciduous and evergreen trees in the common areas and entrance ways.

In 10 years time these black pines will have put on another 10 feet of growth and the Colorado Blue Spruce should be at least 10 feet or more tall.

Prices of homes in The Woods of South Barrington for homes that are not in the Active Adult Regency Collection start at about $700,000 and reach $1,300,000. The lower prices are base prices and so upgrades will be extra. Just think you get to customize your home to your taste and it will all be done for you!

Buy your next home with me this year in The Woods of South Barrington and you can be Christmas Shopping in the wonderful Arboretum Shopping Mall in South Barrington. Call for an email list of South Barrington homes in The Woods. 847-363-3686.

Copyright 2010 Corinne Guest All Rights Reserved - * The Woods Of South Barrington Luxury Homes *