Real Estate in Barrington & The Northwest Suburbs: Illinois: Deer Park

Deer Park IL Homes - Choose From Single Family or Town Homes.

When I lived in Deer Park between 1997 and 2003 there were only single family Deer Park IL homes for sale. That's now changed as there are two small subdivisions of town homes, both close to the Deer Park shopping mall. Because they are two different types of housing the answer to the question, how long will it take to sell my house, can only be answered by seperating the two types and looking at market data for each.

Single Family Deer Park IL Homes - 2011 Market Data

In 2011 there were 18 homes sold in Deer Park. That does not seem to be very many. Of course there may well have been some sales in Deer Park not accounted for in the report because some Realtor's seem to think putting the address down as Barrington is better. I disagree and not just because it will skew my report. Many buyers want Deer Park because it is such a nice place to live. Of course I would say that, I loved living in Deer Park. We moved to Florida in 2003, came back in 2004 and could not find a suitable home to buy from all the Deer Park IL homes for sale.

Back to the market report. In 2011 the average  market time for single family homes was 224 days. The list to sales price ratio was 93% average. Average list price was $564,308 and average sales price $523,190.

Deer Park Town Homes - Market Data 2011

There were 7 sales of town homes last year. The average marketing time was 144 days. The average list price was $420,400 and sales price $392,143 representing a list to sales price ratio of  93%.

Interesting to see that all Deer Park IL Homes sold at 93% of asking price. Town homes sold in less than six months which is certainly good news for sellers. Single family homes are taking longer and I expect that tend to continue for a while. Be prepared to wait 6 to 9 months to sell your Deer Park home in 2012.

There are currently 21 Deer Park IL Homes for sale, although I bet some have Barrington as the address and are not showing up.

I look forward to selling more Deer Park IL Homes this coming year. I certainly showed plenty to my buyers last year and even sold a short sale there in early spring. You can view current Deer Park IL Homes and Town Homes listed.  

Deer Park Illinois Home Sales - Was 2010 a Recovery Year or Did Sales Slump

Deer Park Illinois is a small village that shares the zip code 60010 with other villages in the Barrington area. We do get buyers that specifically look for homes in Deer Park Illinois but commonly buyers will look at comparable homes in other areas.

During the year 2010 how many home sales did Deer Park Illinois close and was it more than the previous year? Well the answers are: 2010 had 32 Deer Park home Illinois sales and 2009 there were 24.

What was the average marketing time for Deer Park home sales for both years? In 2010 the average marketing time was 211 days, which was down 80 days compared to 2009.

In 2009 the average sales price of homes in Deer Park Illinois was just short of $465,000 and for 2010 it was just short of $508,000.

So not only did we see an increase in Deer Park Home sales, we also saw a reduced time on market, and an increase in the average sales amount. So what does this mean for buyers and sellers in Deer Park. Clearly there has been an increase in demand for homes and this was also seen in other areas of 60010. A decrease in marketing time shows confidence as does the increase in pricing.

So if you are thinking of selling in 2011 are you going to increase the price of your home? Of course the knee jerk reaction is bound to be yes, but you should not assume that prices are rising. Market data reports are only averages and do not tell the story about your Deer Park home. You'll need to hire a competent local Deer Park Realtor to find homes that are comparable to yours to find the market value of the home. Then you and your agent can factor other variables in such as, how quickly do you need to move, are there any positives or negatives about your home that a market report cannot adjust for, i.e. recent upgrades, busy roads, 3 bedrooms not 4 and so on.

Pricing homes for sale in Deer Park is not an exact science, so we rely on finding recent sales to guide us. There is little point on using current listings because they have not sold and may well be over-priced. Your Deer Park home will sell but it is the market that will tell us how much for. If you over-price it from the start you may well lose your best chance at getting a buyer, because they'll look at the others.

Deer Park now offers town-homes in Deer Park Place and Deer Park Estates both of which are very close to the shopping mall. These developments are nearly closed out with only a few homes left to sell. Prices of these units have been adjusted down from the original release pricing but I still see units considerably over-priced. This is when buyers of Deer Park homes need a competent Deer Park Realtor to help them establish market value.

Deer Park Illinois is a very beautiful village with established landscaping, historic village farm, a small community atmosphere and yes you'll find both the deer and lots of parks. Home prices range from the low $400s to just over $1 million. There are a few vacant lots left in Deer Park for dream homes and some new construction.

Contact:

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

Deer Park Illinois is a village with about 1000 homes and shares the zip code of Barrington IL. It is true that many people collectively consider Deer Park to be part of Barrington but it is not. Deer Park is a village in it's own right with a village hall. Deer Park Illinois was established as a village in 1957. There are about 3100 people living in Deer Park Illinois and residents can enjoy the park like setting they live in and nearby Cuba Marsh.

The Village Hall is located at Vehe Farm just off Cuba Road. Vehe Farm is a centennial farm of Illinois and was recently restored and provides the community of Deer Park with a multi-use facility. In the spring and early summer you'll see the local children playing soccer matches on the athletic field, the barn is available for conferences, meetings, social events even weddings. You might be surprised at all the things that go on at Vehe Farm. There is a butterfly garden, a chicken coop, areas for picnics, a wetland area and even a cross country ski trail.

The primary type of real estate in Deer Park is 3 and 4 bedroom single family homes on 1 acre lots. Most of the homes were built in the 70's and 80's so landscaping is well established. If you walk or drive through some of the subdivisions you'll notice all the open areas, parks, tennis courts and play grounds for residents. Add to that all the larger ponds and small lakes you'll understand why they called it Deer Park. Of course the Deer are here too but they do tend to stay in the marsh and wetland areas.

Homes are very commonly Georgian or Colonial style. Above is a very typical street style and many of the subdivisions flow into one another, so riding bikes is relatively safe for kids, and evening strolls with pooch are away from the noise and traffic of main streets. There are 2 small town home complexes in Deer Park offering 3 and 4 bedroom homes very close to both The Deer Park Shopping Mall and also Route 12 making it easy for commuters to hop on Route 53 south and on into Chicago.

The Deer Park Shopping Mall opened in 2000 and provides residents with boutique style stores as well as some larger retailers like Barnes and Noble Book Store. You'll find Gap, Banana Republic, Pier One and GNC to name a few of the more known names as well as Harry & David, J Crew, Pac Sun and other smaller specialist retailers. Deer Park Shopping Mall has a number of restaurants both fine dining and casual as well as Caribou Coffee, Panera Bread and California Pizza Kitchen. Century Theaters are here at the south side of the mall and after your movie you can hop over to La Haciendas for dinner. The Shopping Mall is still expanding with new retails units on the south side filling in with new retailers. There is also office space on the perimeter of the area.

One of the larger public parks in Deer Park is The Charles E Brown Park located off Long Grove Road which has a baseball field, basketball court, soccer field, tot lot, tennis courts, benches, walking trails, pond and parking. Recently the area surrounding the pond was cleared of old brush and restored to a grassy area for better views of the pond as shown below. You'll always find a variety of birds here and it's a great place to just sit and unwind. If your kids need to let off steam there is room for them to burn off all their energy here. There are 13 named parks in Deer Park and most of them are within the subdivisions providing excellent play space for families.

Children living in Deer Park IL attend 2 different school districts. Lake Zurich Schools and  Barrington Schools. Both districts have excellent scores cards. Deer Park has often been referred to as a great village in which to raise a family and I heartily agree. When we moved to Illinois in 1996 we bought our first US home in Deer Park and stayed for 6 years. My children were young at the time and they loved the freedom of riding bikes and playing with friends in a safe community. You can search for homes in Deer Park below. Or contact me if you would like personal assistance. Corinne Guest - Royal Advocate Realty 847-363-3686.

Copyright 2010 Corinne Guest All Rights Reserved  - * Welcome to Deer Park IL - A Park Like Village with an Upscale Shopping Mall and Good Schools*

Deerpath Estates in Deer Park IL-Homes For Sale or Build Your Dream Home

Deerpath Estates in Deer Park IL is centrally located in the village boundaries and offers single family homes on 1 acre lots. Most of the homes are about 20-25 years old but there is opportunity to build your custom dream home on the few remaining lots. Below is a new home built on Wildrose Drive. It's funny because before they built on the road it was called Bobwhite Lane. Although a cul de sac it meets up to the original Bobwhite Lane which is in The Squires subdivision on the other side. Perhaps it was going to be a continuous road, who knows.

Wildrose Drive has one lot left and Wellington Homes are advertising a custom home for you. If new is not for you Deerpath Estates offers 3, 4 and 5 bedroom homes with prices from $600,000 to $1,100,000. Styles are varied with colonial, traditional, Georgian, a few ranches and even contemporary. Some of the homes on Laurel Drive and Wildrose Drive are waterfront with a nice sized lake in the center. You'll see little beaches and paddle boats are allowed. It's not big enough for motor boats. The local bird life can often be seen in the area and I have seen the Deer come to drink.

Below is a typical street here in Deer Park IL where there are a lot of cul de sacs. Many of the small subdivisions join together with only 1 or 2 exits to the main roads. This makes Deer Park IL a great place for raising families and when I lived in this part of Deer Park IL my boys were very young. It was safe to take them on a bike ride and as they got older I had no qualms about letting them go off and ride on their own. They could ride bikes or scooters around many streets without ever going close to a main road.

If you are looking for a home in the Barrington area consider Deerpath Estates in Deer Park IL. Many of the children attend the Barrington IL Schools, some going to Lake Zurich Schools. Both districts have excellent report cards. Search Deer Park IL Homes For Sale.

Copyright 2010 Corinne Guest All Rights Reserved  - *Deerpath Estates in Deer Park IL-Homes For Sale or Build Your Dream Home*

Chapel Hill Subdivision of Deer Park Illinois a Landmark Homes Community.

Welcome to Chapel Hill of Deer Park where Colonial style homes nestle in a park like environment and has the Cuba Marsh as a neighbor. This Landmark Homes Community has 52 homes and many are colonial style with a few Georgian and Traditional style homes.



Chapel Hill is located off Cuba Rd just before you reach the Ela Road junction. As you enter the subdivision you'll pass the Chapel Hill Park tennis courts on your right. Players can play until dusk every evening and for as long as you want if there are no other players waiting in which case you are limited to a 1 hour game.



Chapel  Hill in Deer Park was built in the late 1980's and early 1990's. The streets are:

• N Chapel Hill Drive
• W Bedlington Circle
• N Vesper Court
• N Mayfield Lane
• W Lancaster Court
• W Hearthside Drive

The last street joins this community to the neighboring community of Hamilton Park.



As I drove around this neighborhood, hoping the sun would finally poke it's head through the clouds, I noticed how big the park was. In addition to the tennis courts the green grass park area is big enough for active toddlers or soccer mad pre-teens to run wild and there is certainly enough space for flying a kite. As the spring settles in we will lose the soggy ground and dull grass and new shoots will bring life to the park area again.



If you are in the market to buy a home in Deer Park IL-Chapel Hill currently has 2 homes for sale both with 4 bedrooms. The average home here is about 3000 square feet, with 2 or 3 car garages and basements. Children are very close to the schools at Lake Zurich just along Cuba Road. Shopping at Lake Zurich is closeby and The Deer Park Shopping Mall is only a few minutes away. For commuters to Chicago you'll probably drive into Barrington to catch a train or hop on Route 53 south to get on I90.

To search all Deer Park Homes For Sale please visit my website-no registration required.

Copyright 2010 Corinne Guest All Rights Reserved  - *Chapel Hill Subdivision of Deer Park Illinois a Landmark Homes Community*

Deer Park Illinois Short Sales - Buying Your New Short Sale Home Should Be A Positive Experience

If you are in the market to buy a home you are likely going to run into some short sales. You might have heard some scary stories, even been advised that you should not buy homes listed as short sales. Much of these scanarios are born of fear or lack of knowledge. Before you decide whether to pursue a short sale here is some general information to guide you.

• Short Sales will require approval from all lien holders - banks, personal liens, home owners associations.
• It is the seller that decides whether your offer is right to submit to the lien holders for approval - not the other way around and not the listing agent alone.
• Short sale approval can take time - allowing 120 days is a good ball park time but be flexible.
• Short sales are not being bought for pennies or even 50 cents on the dollar.
• Some concessions maybe given but are usually for the seller - i.e. non paid property taxes will be paid to date.
• Writing very low offers is a complete waste of everyones time as is demanding a 30 day response.
• You do not have to be in competition with other buyers - there is a simple way to make sure only your offer is submitted to the lender for approval.
• Mortgage contingencies are expected but home sales are usually not.
• Be prepared to have skin in the game - commit to the seller and the seller will commit to you.

I serve the northwest suburbs of Chicago in Illinois and help both buyers and sellers with short sales. I have the experience to help buyers navigate a short sale purchase in Northern Illinois by providing you with the knowledge you need and the plan of action that will give you the best chance of succesfully buying a short sale property.

You can buy short sale condos-townhomes-single family homes-luxury homes-vacant land and even multi units for investment in Illinois.

Why lose your dream home because it is a short sale? Contact me today info@corinneguest.com or 847.363.3686

Search all the Illinois short sales homes listed on the MLS here. I have set the search up to return only Northern Illinois Short Sales and Foreclosures, you can uncheck any box. Just enter a city in Illinois and the short sale listings will populate for you.

Written and Posted by:

Corinne Guest- REALTOR®

Royal Advocate Realty - Barrington, IL 60010

Search all Barrington IL & Northern Illinois Real Estate

Copyright 2010 Corinne Guest, All Rights Reserved  - *Deer Park Illinois Short Sales - Buying Your New Short Sale Home Should Be A Positive Experience*

The 2009 Real Estate Market for Deer Park Illinois.

Deer Park Illinois is home to primarily single family homes on 1 acre lots with homes built in the late 60's through today. Less than 10 years old are the Deer Park Town homes subdivisions located on Long Grove Rd next to the shopping mall.

These statistics are based on Deer Park being the named village in our MLS. Sometimes a listing Realtor will name a property as being in Barrington, so there may be some sales missing but this is beyond my control and likely will not affect the sales data much anyway.

Single Family Homes sold on average in 270 days. 18 sales.
Town Homes sold on average in 354 days. 6 sales.

Single Family Homes sold at  93% of the final list price - 88% of the original list price.
Town Homes sold at  97% of the final list price - 85% of the original list price.

The average sale price of a single family homes in Deer Park was $578,000, and of a town home $425,000 Lowest sale price was $262,000 which was a foreclosure and highest $848,500. The were no short sales and only 2 foreclosure sales.

The chart below gives a breakdown by bedroom count.

If you are thinking of selling your Deer Park 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.

Immediately available is this end unit townhome in Deer Park Estates. Owners prefer a month to month arrangement with no long term lease. Perfect for house hunters - while searching for a new home in the Barrington or Deer Park Illinois area, you can live in this almost new townhome in Deer Park Estates. Nearby is Barrington, Deer Park, North Barrington, Lake Zurich, Kildeer, Hawthorn Woods, Long Grove, Palatine, Arlington heights and Inverness. Perhaps you need to move out of your current home and the new one is not yet ready. Why sign a year long lease - come and live here - all we ask for is a month's notice to quit.

This is a 3 bedroom, 2 and a half bathroom end unit. Living - dining - kitchen - breakfast - laundry - full basement - not finished but great for storage - large master with master bathroom - 2 car attached garage - close to Deer Park shopping mall. Call today and you can move in tomorrow! Association takes care of snow plowing and landscaping.

For more pictures and details about this Deer Park Rental.