Selling in Barrington Illinois-Stop Decreasing Your Price-Start
Upgrading Your Home
Current Marketing Time for
Barrington. The current average marketing time for homes in
Barrington based on the entire zip code-all residential homes-over the
last six months is 253 days. The same number for homes in the median
price band of $500,000 to $700,000 is 278 days. It increases because
there is more inventory in the median price range available-currently
151 homes with only 41 closings in the last 6 months.
Price Reductions. In the last 30 days
in Barrington there have been 156 new properties listed for sale. In
that same period of time we have had 43 closings with another 12 ready
to close. 15 homes expired without a sale and may have been re-listed.
34 homes have had one or more price changes in the same period.
Are upgrades in order? Here are
some reasons for price reductions:
- Over-priced to start
- Over-priced now as prices still falling
- Objections by buyers which cannot be overcome
- Need to sell quicker than market time
- Relocation
- Lack of upgrades
compared to other homes - Bingo here is an opportunity.
If you are getting any showing
feedback hopefully you'll be learning why buyers did not like your home.
Some of the most common objections can be fixed by you. Location
is prime, curb appeal is important and remember that kitchens and
bathroom sell houses. Also think about the price point of your home and logon to my Barrington website to view other homes
for sale in your price range. No login is required.
What
Can You Upgrade. Now you have seen the competition you might
consider upgrading a few things to make your home stand out above the
crowd. Here are some ideas for your half a million dollars home. Even
vacant homes can exude a rich warm and inviting interior.
- Kitchen Floor- Laminate or Vinyl - Buyers will want hardwood or
ceramic
- Laminate counter tops - Granite is not that expensive and will make
the kitchen pop
- White appliances - Stainless steel will add value and shine with
your new granite
- Soiled or dull carpets - try a good steam clean first but consider
replacing
- Vinyl floors in laundry or washrooms - upgrade to ceramic
- Scratched hardwood floors - have them re-finished
- Brass light fixtures - switch them out - considered cheap - replace
with bronze or brushed nickel
- Multi-color rooms - find a neutral color and paint the whole house
- Curb appeal - plant some seasonal colorful planters to welcome your
guests up your driveway and into the house
There are so many simple things you can do and upgrades that will
make a big difference. If your home has been on the market longer than
the average, do not expect your buyer will do it when they move in-they
already moved in-to some-one else's house.
So how many more times do you want to reduce
your under-priced home to compensate for lack of upgrades? If you
did not sell and cannot determine what to do, call me for a fresh
perspective.
Corinne 847-363-3686. Of course
this is best done before you list.
Why Are There So Many Homes For Sale In Wynstone North Barrington?
Wynstone of North Barrington
is a gated community of homes situated on a golf course. There are about
400 homes most of them single family, with a few lots remaining to be
built. As I write this post there are 60 single family homes available
for sale, 2 half duplexes, 7 vacant lots and 8 homes for rent. Taking
the homes for sale of 62 that amounts to about 15% of the homes in Wynstone on the market. So
why are there so many?
Do I have a specific answer for you? No.
So lets look at some of the data.
Home prices range from
$575,000 to $3,800,000
Association fees thate prices ranges from
$450 to $923 per month
Real estate taxes range from approx $14,000
to $43,000 per year.
Homes
available for sale today-June 8th 2010 - 62
Median
price of these 62 homes is $1,100,000
Homes sold in last
6 months - 1
Sale price $717,000
Homes sold in last 12 months - 9
Sales prices $575,000 to $1,025,000
Sales types were all
re-sale with 1 short sale.
Homes
currently under contract - 2
One home priced at
$749,000
One home priced at $1,425,000
Clearly
it is the lower priced homes that will sell. i.e. those below the
median price range.
The average marketing tim for the 9 sales
over the last 12 months was 459 days. That is very close to double the
average marketing time for all of 60010 which is currently 258 days.
The average list time for the 62 homes on the market is 507 days.
So what's up
with Wynstone Homes?
My opinion is that the association
fees may be pricing some buyers out of the market. Our real estate taxes
have not adjusted for the value of homes in Lake County which will
affect all homes. With a median price of $1,100,000, which means 31 of
the homes are above that price, we are looking at a luxury market.
Luxury markets are not typically affected by the economy as much as
other price points but then there will always be less buyers of luxury
homes. There are a lot of luxury homes for sale in North Barrington, South Barrington and
Barrington Hills so competition is tough. Why? Well for a start
there are a lot of newly built homes that were being built at the peak
of 2005 and 2006 which still have not sold. Some of these have been
foreclosed on.
Are there any underlying secrets? Not that I am
aware of . I still get a lot of people searching for Wynstone homes on
my Barrington Web Site. So it must be the cost.
If you are in the market to buy in Wynstone
or any of our beautiful Barrington
Villages, I am here to help and the choice is wide.
Magnolia Pointe-Invest in South Barrington's Exclusive Development
of Luxury Homes
Magnolia Pointe is an
exclusive development of exceptional architecturally designed luxury
single family homes in South Barrington
Illinois 60010. It is located just off Mundhank Rd, north of
Higgins Rd. Magnolia Pointe is a
no through subdivision and comprises of Star Lane, Saucer Circle and Blossom Court.
This is not a gated community but does have a very pretty
entrance way. Lot sizes are from 1.3 acres to about 2 and need to be
this size because the homes on Magnolia Pointe have size-able square
footage and therefore the home's footprint with patios and driveways
can take up a lot of space. Homes are on private wells and septic
systems.
Magnolia Pointe
does not have any homes for sale at time of writing although there is
one unfinished home currently under contract. There are 2 lots available
for sale if you are ready to build your dream home and live in this
exclusive development. The subdivision is at the south end of South Barrington providing very close
access to I-90 for commuting to Chicago or O'Hare Airport.
Some of the features of
Magnolia
Pointe of South Barrington are the brick and stone entrance way
with colorful flowers in many flower beds, the gazebo that gives shade
to cool off when out for a stroll on a hot summers day, a no through
subdivision making it fairly safe for kids to ride bikes. There are
tennis courts and a basketball court if you fancy a game. Homes are from
5000 square feet up to 20,000 square feet with minimum 4 car garages.
Waterfront lots are available in the subdivision.
Fox Point Barrington Illinois-Still a Popular Subdivision
Fox Point is a subdivision in
Barrington Illinois that is very close to the village and remains
popular with buyers. Homes here were built in the late 1960's and early
1970's and with trees and shrubs planted that long ago the landscaping
is very well established as you can see from the photo below.
Just imagine a scorching hot summers day walking the dog and you'll
certainly appreciate to cooler temps under the trees. Summer is just
around the corner, school is out in just a few days time.
There is a wide variety of home sizes and styles in Fox Point Barrington and some have a
waterfront location. Features of an average home in Fox Point
- 4 bedrooms, 2 or 3 bathrooms
- Split level, 2 story and ranch
homes
- Quarter to half acre lots
- Established gardens with lush
landscaping
- Walking distance to elementary
and middle schools
- 2 minutes to the village by car or a
pleasant 10-15 minute walk
- 2 to 3 car garages
Above is a typical ranch home in Fox Point Barrington which has just under 3000 square
feet, 4 bedrooms, a fully finished basement and 0.44 acre lot.
Real Estate Sales and Listings-Fox
Point Barrington
Over the last 6 months the average
marketing time for all home sales in Barrington 60010 is 262 days. Fox
Point subdivision has a shorter average at 238 days and if priced right
homes here will sell under 90 days.
Here are some recent
sales:
- 770 Oxbow Sold $495000 in 346 days.
- 300 S Valley Sold $545000 in 65
days.
- 1214 Meadow Way Sold $549500 in 209
days.
- 1400 S Lake Shore Dr Sold $600000
in 189 days.
- 1111 N Lake Shore Dr Sold $606000
in 44 days.
You'll see that 4 of these homes sold under average market time
for the subdivision and for Barrington.
Current Listings:
- 365 Fox Hunt Trail Asking $500000-This is a foreclosed home-get it
now.
- 1231 Burr Oak Lane Asking $550000
- 170 Fox Hunt Trail Asking $550000
- 1106 N North Shore Ct Asking $579000
- 760 Oxbow Lane Asking $579000 - Under contract as a short sale.
- 1230 Oak Ridge Circle Asking $599000
- 1314 N Lake Shore Drive Asking $600000
- 512 N Lake Shore Drive Asking $649000
- 1335 S Lake Shore Drive Asking $699000
- 1201 N Lake Shore Drive Asking $825000
- 740 Oxbow Lane Asking $879000
Fox Point in Barrington
appeals to buyers due to it;s close location to the village and schools
and due the established neighborhood with yards that are not too large
to care for yet not too small.
Fox
Point may have homes for you-ask me if any of the above listings
fit your criteria.
Advocate Good Shepherd Hospital-Barrington Illinois
Located in the northern part of Barrington
Illinois-Advocate Good Shepherd Hospital has a level II trauma
center with life flight helicopter facility. I live in the subdivision
of Savannah in Lake Barrington which is directly opposite the
hospital. On average I would estimate we only have the life flight
arrive once or twice a week. Ambulances arrive throughout the day and
night but they are very respectful of the residential areas here and if
there are no cars in the way they only use their lights. So often they
come and go and I never know.
What
facilities does Advocate Good Shephered
Hospital Offer?
- Level II Trauma Center
- Cancer Care Center
- Heart & Vascular Center
- Pediatrics
- Outpatient Services
- Day Surgery
are just some of the services offered. As a general hospital and
the only one in Barrington Advocate
Good Shepherd Hospital offers a full range of services and has
183 beds. With over 700 primary care and specialty physicians here, the
cancer center is nationally recognized, the cardiac care center is
renowned and I will personally vouch for a phenomenal orthopedic center.
I have to say
it is very convenient living across from Advocate Good Shephered. When I reflect over the 6 years
my family has lived in Savannah of Lake
Barrington, every member of a our family has used it. My
youngest son broke a finger so used the ER. My eldest son has used it
for his Crohns infusions on Saturdays. My husband had spinal fusion in
October 2008 and I had a herniated disc repaired in 2004, followed by
spinal fusion in 2006. I think we have put it through it's paces! Dr
Greg Brebach was my Orthopedic Surgeon and I have recommended him to
a number of friends.
The main
hospital entrance and the ER entrance are at the front of the building.
The Cardiac Care Center is around the back of the building. On the left
side you'll find the Outpatient Pavilion. There is also Medical Building
one which has many primary care practices as well as entrance to the
sleep disorder center and cancer center. If you need an X-Ray go through
the Outpatient Pavilion. They'll also help with blood draws, ECG's and
other things you may have been referred here for.
Advocate Good Shepherd Hospital is set
amongst beautiful grounds. The campus is very large and you'll see
towering oak trees, the pond in front of the building and many shrubs
and flowers.
I commend the caretakers for
doing a great job at keeping it look very pretty. Often hospitals are
just buildings, parking lots, roads and nothing much else. Advocate Good Shepherd Hospital breaks
the mold.
I often walk around
the Good Shepherd Trail which is a 0.6 miles
path that goes all the way around this pond.
Where is Advocate Good Shepherd Hospital?
450 W Route 22, Barrington,
Illinois, 60010
Tel: 847-381-0123
Alternative
Hospitals. If you live in South Barrington and the south part of
Barrington Hills and perhaps even Inverness, you are likely closer to St
Alexius Medical Center which is located on Barrington Road in Hoffman
Estates. It is a bigger hospital with over 300 beds but serves a more
densely populated area of Hoffman Estates and Schaumburg.
Advocate Good Shepherd Hospital also
has a fitness center which is located in the Village of Barrington as
an extension of the wellness services offered. The address is:
1301 S Barrington Rd, Barrington, IL, 60010
Tel:
847-620-4550
Brinker Road Barrington Hills - Where Barrington Hills Real Estate
Hides
If you ever have the opportunity to drive along Brinker Road in Barrington Hills three
things might come to mind.
- So here are the Hills!
- Where are the houses?
- What gorgeous countryside.
Barrington Hills-Well they
are not really very big hills. I think I'll call them "hillocks". Brinker Road is mostly a straight road
and easy to see these little hills as you drive along up and down. The
decent and ascent of our hills does not take very long but if you ride a
bike around the area they sure make your legs burn.
Where are the houses?-Can you see any? Most properties on
Brinker Road in Barrington Hills are
pretty much buried in the acreage and well set back from the road. There
are several private drives that lead to two or more homes. So if you
are thinking of buying on
Brinker Road
you will not be able to drive by and take a peak at the house. There
are a few near to the road but more commonly you'll see our 4 legged
equine friends taking a gallop in their pastures or stopping for a bite
to eat-their grass is lush.
Gorgeous Countryside-If you are new to
Barrington Hills and drive down
Brinker Road it really is a sea
of countryside green trees and shrubs. The only things that might lead
you to think that there are homes here are the property signs, electric
wires and the mailboxes.
Barrington Hills-Algonquin-N River Road-Fox River Front Homes For
Sale
N
River Road runs alongside the Fox
River in Barrington Hills
and Algonquin. There does seem
to be more than the usual amount of river
front homes for sale on N River
Rd but then I suppose that is true of all of Barrington Hills and Algonquin.
The photo of Fox River taken from the north side
in Algonquin today under gray
skys is a little choppy. Homes on the other side are well hidden by the
new spring growth on the trees and only a couple can be seen. This is
the part of N River Road that is in Algonquin and is close to Route 62.
Is a river front home in
your future? Would a home on N River
Rd in Barrington Hills or Algonquin suit you? Here are some
considerations. Homes on N River Rd
have direct access to Fox River
but with a small price to pay. The road is between you and the river.
Many properties here have a small portion of real estate beyond the road
but some do not. The speed limit on this road is 25 miles an hour but I
would caution that it is a well travelled road. Don't get me wrong it
is not like a busy road but at certain times in the day it certainly
seems that way, specifically rush hour. The busy traffic is caused
because there are not a lot of bridges and so cars get funneled to the
nearest bridge. N River Rd is
used to get to Route 62 from Route 14 in Barrington Hills.
On
the other hand if you are a boat enthusiast and want a home on the river
with a boat dock, then this might just be the place for you. There are
homes for sale on N River Rd in
Barrington Hills and Algonquin-you might also consider homes on
the other side of the river in Algonquin,
Cary or farther up in Fox River Grove or Lake Barrington.
Barrington Hills Waterfront Homes
Barrington Hills
has plenty of
waterfront
homes but very little will be on a river. There are numerous
lakes in
Barrington Hills
and some are fairly large.
The 3 largest lakes are:
- Hawley Lake
- Hawthorn Lake
- Keene Lake
These 3
Barrington Hills
lakes are all located together on either side of Route 59 in Cook
County as you head south out of the
Village
of Barrington. Another well known lake in
Barrington Hills is
Goose Lake. Then we have Mirror Lake, Lacey Lake, Twin Lakes, Dana
Lake, Spring Lake, Lake Melissa and Mud Lake. There are numerous other
waterfront properties
on smaller ponds in
Barrington
Hills providing a good choice if you are looking for
Waterfront Homes in Barrington
Hills.
So what is available for sale? There are currently
25 Barrington Hills Waterfront
Homes For Sale with prices from $470,000 to $15,500,000.
House sizes range from 2500 square feet and up and lot sizes are a
quarter acre for a home in
Paganica up to 14.5 acres. Many of
these larger homes are young in age - we have a few built in the
early 1900's that have been lovingly maintained and offer a great
opportunity to buy a part of the history of
Barrington Hills.
Copyright
2010 Corinne Guest All Rights Reserved -
* Barrington
Hills Waterfront Homes *
Contemporary homes comes
in all shapes and sizes and can be found in all of the Barrington areas including Deer Park
and Tower Lakes IL.
So what defines a
contemporary home? The
answer to this question will likely be different according to who you
ask but a simple response would be a home design that has clean lines,
smooth and polished surfaces and few intricate details. Usually spacious
and comfortable contemporary homes in Barrington are not cluttered, will likely have a lot of very
large windows to let the sun in and therefore they will be very bright.
The visual effect contemporary homes have on buyers are usually clear cut.
Buyers like them or they hate them. There is one thing for sure, they
are not your typical Colonial Style home or Traditional Brick Ranch. Contemporary homes
in Barrington Illinois are
much like all other homes. There are homes made of cedar siding, brick,
stone or a combination. The house is likely to be situated on a lot
with more thought about bringing the outside world into the house.
If you hate the exterior look of a
contemporary house then it is probably not for you. But if
you ever get a chance to view one when buying a home, keep an open mind
and perhaps look at one. Some buyers are so impressed with the inside
they end up buying the house.
Available Contemporary Homes in
Barrington Illinois.
If you are interested in buying a
contemporary home in any of the Barrington
areas, please let me know. I will send a list of homes that match your
criteria.
Radon in Barrington IL Homes - Your Real Estate
Inspections and Tests
When you decide to buy a home in Barrington IL it is recommended
that you have a home inspection carried out to assess the condition of
the home. Many issues that come up are clearly visible. Radon on the
other hand is not. It is a gas and the only way to find out if the home
has acceptable levels of Radon is to have a Radon Test performed. The
following diagram shows how radon can enter a home.
You might ask your Realtor
whether you should have a Radon test performed. I cannot advise you but
I always recommend it. To make a fully informed decision I will give
you a Radon leaflet to read so you understand what it is all about.
email me if you would like a Radon leaflet, I am
happy to send you a pdf version today. The test is simple. A radon
testing company will place the equipment in the home and after 2 or 3
days return to collect the equipment and take the readings. An
acceptable level is 4
pCi/L.
Anything higher is considered not acceptable for humans.
Details of the test are also
outlined in the leaflet but it is dependant on the home being closed up
apart from normal ingress and egress. You might think it is not worth
worrying about but my team has had 3 for 3 excessive readings in the
last month. Two were over 7 and the last one this week was over 6. Two
of the sales have since closed and both sellers were required to install
a system to reduce the levels. The third is under review but likely
will go the same way.
The
cost of a test is not excessive and well worth the money. A local
specialist charged 2 of my recent buyers $195.00. It can vary according
to how much equipment is needed.
Copyright 2010 Corinne
Guest All Rights Reserved -
*Radon in Barrington IL Home
s -
Your Real Estate Inspections and Tests
*
Deer Park, Barrington - Lake County
-
Announcing a price reduction
on 21942 W Talia Lane, a 2,007 sq. ft., 3 bath, 3 bdrm single story. Now
MLS®
$375,000
- Best Priced End Unit.
Property information
In our daily lives we hear the constant grumblings about the real
estate market. We all know that our property values have decreased and
not just a little bit. We all know it takes longer to sell homes than it
used to. But why all the doom and gloom. I've got news-
Homes in Barrington are selling.
I am not going to provide a graph this quarter with things that mean
very little to you, I want to give you some numbers to digest.
In the months January
to March inclusive in the Barrington area there were 433 new
residential real estate listings. That includes condos, townhomes, single family homes, multi unit
properties and vacant land. Now that is a lot of new listings. Please
bear in mind though that this is an active period for new listings. Also
consider the number includes homes that may have been listed last year
and did not sell, listings than expired and were re-listed so they are
not all totally fresh. Again though it's a fair quantity. During the same 3
months 164 listings were cancelled. This might be because a seller gave up, got foreclosed on,
re-listed with another Broker.
43 Expired Listings. This is where the original listing agreement came to
an end. Some may have re-listed. So far these numbers
really don't mean that much with nothing to compare them to and I am not
going to go there at all. We need to focus on now.
What
I really want to shout from the rooftops are the following numbers.
In
Barrington Illinois during January, February and March there were 53
closings. That's 53 homes
sold to buyers. That's 53 families able to move forward with their post
sale plans and 53 families about to start a new chapter in their lives
in a Barrington home. Currently we have 109 properties under
contract. 83 of those
went under contract during January to March. The rest were either in
2009 or in April 2010. That's 109 properties that will close sometime in
the near future. We'll get one or two that will not get to close and
will go back on the market. But 109 properties in Barrington with
contracts. 109!
Now here is a nice number.
Of the homes listed in January, February and March-39 have contracts. That means 39
properties will have sold in under 90 days. It may only be 10% of the new 
listings but think how those 39 sellers
feel. Prices for these
contracts are from $60,000 up to $3,500,000. Now I am not going to tell you that prices
are climbing or that things are how they used to be-that clearly is not
going to happen. But when I see property after property go under
contract it is encouraging for Barrington sellers to know that we have
buyers. So please don't feel too despondent if you have a home to sell
in Barrington. Make your home the one that our Barrington buyers want.
The numbers above show you can sell in 90 days if you are priced
right, presented properly and marketed online.
Copyright 2010 Corinne Guest All Rights Reserved -
*The
Barrington IL Real Estate Market Quarterly Report - Homes are Selling*
There is no doubt that one of the
finest suburbs in Northern Illinois
and Chicago to offer Equestrian
Estates is Barrington Hills.
The typical lot size in Barrington Hills
Illinois is 5 acres which provides space for one or two horses. There
are also many homes on lot sizes of about 10 acres which gives a little
more flexibility in overall design of your horse property. More
paddocks-stables-pastures. If you need more acreage the choice is more
limited and you might have to forgo some of your wants and needs in
favor of your horses-after all it's horses
first!
Property
ages in Barrington Hills IL
vary with some older than 100 years and many built in the mid 1900's and
even new construction. There is certainly a lot to choose from but not
all will have ready to go horse facilities. Although zoned for horses not all owners have
them. You might need to find the perfect home and then build your own
fences-stables-barns. There are some very well established estates with
older homes-you might consider buying the estate-knocking down the house
to build a new one and you'll have a fantastic Illinois Equestrian Estate you'll certainly be proud of.
Barrington
Hills Illinois is home
to the Barrington
Hills Polo Club and has many riding trails. The trails are maintained by the
private property owners because the trails are indeed on private land.
Barrington Hills in Northern Illinois is an upscale village and property
prices might be too high for you. Maybe you are more flexible about
location as long as you are in Northern
Illinois or the Suburbs of Chicago. Perhaps you need something
that is not available in Barrington and are open to looking in other
areas.
The Suburbs
of Chicago and Northern Illinois is a vast area. The farther out
from the city you go the cheaper the land becomes. Other areas you
might consider that have a minimum of 10 acres are:
- Antioch Northern Illinois
- Harvard Illinois
- Hebron Illinois
- Libertyville Illinois
- McHenry Illinois
- Richmond Illinois
- Woodstock Illinois
- Elburn Illinois
- Hampshire Illinois
- Crete Illinois
- Monee Illinois
and many others that are
even farther away from the
City of
Chicago. Many of the properties in these
Northern Illinois towns have acreage
from 25 to 100 or more.
If you are ready to buy
your next Equestrian Estate In
Northern Illinois and not too far out from Chicago then I am here
to help. Call me with your needs and I'll search all the listing for
matches for you today. Corinne's cell is 847-363-3686. Alternatively my web site has all the
Equestrian Estate
Listings. Copyright
2010 Corinne Guest All Rights Reserved -
*Chicago Northern Illinois Suburbs Equestrian
Estates - Horses First
*