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Real Estate | Barrington Area Market Update – February, 2018

Real Estate | Barrington Area Market Update – February, 2018

Home Newsroom Real Estate | Barrington Area Market Update – February, 2018

Interested in learning more about Barrington real estate? Stay tuned for the latest market news, updates, homes for sale & upcoming open house lists right here at 365Barrington.com. In the Barrington area there are 494 homes currently on the market, of which 442 are detached, single-family properties. An additional 97 properties are currently under contract (as of 2.21.2018) with a median list price of $440,000 and average list price of $589,998. The highest priced property in the area is a Barrington Hills listing priced at $14,888,000. The lowest priced property for sale is listed at $125,000. Here’s a look at the newest listings to hit the market in Barrington…

Looking back at the month of January, 2018 in Barrington, there are three key trends compared to January of 2017 indicating that inventory is down in our market, with fewer options for sellers searching for homes today.

Real Estate Market Trends

  • The quantity of new listings to come on the market was down -2.9% from January of 2017.
  • The number of closed sales in January, 2018 was down -14.0% from January of 2017.
  • The inventory of Homes for Sale at the end of January, 2018 was down -8.7% from January, 2017.
MIDWEST REAL ESTATE DATA LLC

 

Real Estate Supply & Demand

Fewer homes for sale in the Barrington area leads to a lower “absorption rate”, which is the amount of time that it would take for the current supply of homes on the market to sell. As a rule of thumb, a 6-month supply of housing inventory is considered a balanced market. It is a buyer’s market when there is more than a 6-month supply of inventory and a seller’s market when there is less than a 6-month supply.

When comparing “The Barringtons”, you can see in the chart below that The Village of Barrington had the lowest absorption rate at 4.9 months supply of inventory in January, 2018. North Barrington had 9.4 months supply of homes for sale, South Barrington had 9.6 months supply and Barrington Hills had a 20.8 month’s supply as of January, 2018. (Turn phone to side for full mobile view of chart.)

We’ll continue to track and share these numbers in the months ahead to help you stay on top of local trends in real estate. Interested in exploring the market by visiting available properties? Here’s a look at upcoming open houses in the Barrington area.

Do you have specific questions about Barrington real estate, homes for sale or property values in your neighborhood? Would you like to know more details about how things look in the different villages that make up zip code 60010? Email RealEstate@365Barrington.com or fill out the form below and we’ll follow up with more information within 24 hours.

In the meantime, stay tuned for more local real estate market updates here at 365Barrington.com, published since 2010 by local REALTOR, Liz Luby of The Luby Group with @properties.

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From the Community

Red Curry Quinoa Soup 👩‍🍳. Look for recipe in my previous post👩‍🍳. Super easy, packed with nutrients and low in sodium❤️heart healthy meal. Just use low sodium culinary stock and salt free DASH seasoning blend🙌. Be creative with your cooking. I replaced curry paste with tomato paste and fresh ginger with ginger spice and it was great! I also added fresh chopped kale just to have my serving of green vegetable🥬. Remember the rainbow🌈😊. Your body needs a fruit and vegetable from each color from the rainbow every single day 🌈🥬#blsnutrition #365barrington #mealplanning #healthycooking #lowsodium #livingplate #homecooking #hypertension ...

15 0

Snow ❄️Snow ❄️Snow Since we are expecting A LOT ⛄️☃️ of snow this evening, this delicious soup is already cooking blsnutrition kitchen.
Your prep time is only 15 🙌🙌minutes and in 30-45 minutes it can be on your table as well🙌
Recipe by Sara Haas, RDN, LDN/Living Plate.
Red Curry Quinoa Soup
Servings: 6

Ingredients
• 1 Tbs olive oil
• 1/2 yellow onion, diced (about 3/4 cup chopped)
• 1 green bell pepper, seeded and diced
• 1 medium sweet potato, diced (about 1 1/2 cups chopped)
• 2 cloves garlic, chopped
• 1 Tbs red curry paste
• 2 tsp ginger, fresh, peeled and chopped
• 1 cup quinoa
• 4 cup vegetable broth or chicken broth or water
• 1 lime, juiced (for 2 Tbs)
• salt, to taste
• 1/4 cup cilantro, fresh, chopped
✅ Directions
Prep
1. Dice onion, bell pepper, and sweet potato.
2. Chop garlic.
3. Peel and chop ginger.
4. Chop cilantro.
✅ Make
1. Heat the oil in a pot set over medium-high heat. Add the onion, pepper and sweet potato and cook, stirring frequently, about 10 minutes.
2. Add the garlic, curry paste and ginger and cook, stirring, for 1 minute. Add the quinoa and cook 1 minute more. Stir in the broth and bring to a boil. Reduce heat to a simmer and cook for about 20 minutes or until potatoes are tender and quinoa is cooked.
3. Remove from heat and add the lime juice. Season with salt to taste and garnish with fresh cilantro before serving.
You can replace fresh ginger with dry ginger 😊. #snowyday #blsnutrition #365barrington #soup #eathealthy #homecooking #cookyoursoup #livingplate #mealplan
...

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Luby Group Listings

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1,294
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Retail storefront in prime pedestrian location in downtown Barrington surrounded by Village shopping, restaurants, and steps to the Metra train station. Great opportunity to own a high visibility space, currently vacant, ready for you to move in and

New Listing - 6 days online
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The instant you walk thru the front door of this 3,778 sf colonial style home, you feel the warmth of it's modern updates! The foyer is welcoming with fresh paint, white trim, wainscoting that surrounds you and cascades up the staircase with a beauti

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NOW A BRAND NEW HOUSE! ALMOST NOTHING UNTOUCHED! FRESHLY PAINTED THROUGHOUT, AND NOW WITH BEAUTIFUL WHITE TRIM! And that's not all....New carpet, newly refinished hardwood floors, brand new appliances, and freshly painted beautiful white kitchen cabi

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Welcome to 250 Florence Avenue in beautiful Inverness. Situated on approximately 3/4-acre corner lot, this lovingly maintained home is a sprawling 4-bedroom, 2.1 bathroom with an attached 4 car garage, and an immaculate unfinished basement. An abunda

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