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Real Estate | Home Prices, Homecoming & Why We #ChooseBarrington

Real Estate | Home Prices, Homecoming & Why We #ChooseBarrington

Home Newsroom Real Estate | Home Prices, Homecoming & Why We #ChooseBarrington

As we kick off Homecoming weekend in Barrington, I’m wrapping up a review of our local real estate market trends and find myself reflecting on the reasons why WE chose to move to Barrington. This weird thing happens whenever I spend a while staring at Midwest Real Estate Data (MRED) statistics. I usually get a song stuck in my head and, this time, it’s Small Town, John Cougar Mellencamp’s classic ode to the place he calls home. Push play and turn it up before you read on…

While Barrington’s not a small town in quite the same way as Mellencamp’s, the lyrics capture a little of why we all live here, right? Especially on Homecoming weekend…

No I cannot forget where it is that I come from
I cannot forget the people who love me
Yeah, I can be myself here in this small town
And people let me be just what I want to be

About 32 miles northwest of Chicago, the Barrington area is home to over 44,000 residents spread over 90 square miles. It’s a one-of-a-kind community in Chicagoland because it’s made up of seven villages offering a unique mix of options for living.

Want a home with historic charm or a commuter’s choice condo walking distance to downtown? We’ve got it! Want space to spread out with an acre (or 5-plus) zoned for horses? Check ✅. What about a golf course community, lakefront living or a forest preserve and equestrian trails right out your back door? Yes, yes and yes! The Barrington area offers something for everyone.

A downtown Metra Station, easy access to O’Hare airport, Top ranked schools, an abundance of shopping, restaurants, cultural and outdoor activities round out the reasons buyers choose Barrington. Education, neighbors, family, friends, faith, fun and the spirit of community. It’s the package that led us to Barrington and we’d do it over and over and over again in any real estate market. Wouldn’t you? Now for the numbers…

Here’s how things shaped up in the Barrington area at the end of August, 2018 compared to August, 2017. Here we’re considering Detached Single-Family homes & ACTUAL MONTHLY DATA.

  • New Barrington area listings (Detached Single-Family) were up +20.2% from August, 2017
  • The quantity of closed sales (Detached Single-Family) in August down -25.7% from August, 2017
  • Median sales price (Detached Single-Family) was down -12.7% compared to August, 2017 (See below)

How we see it?

The increase in new listing activity is a positive. More new homes for sale means more choices for buyers and more buyers entering the market. Over time, it also means more competition for sellers which can put downward pressure on prices. In an an article published this week Realtor.com Chief Economist Danielle Hale said, “The signs are pointing to a market that’s shifting toward buyers… But in most places, we’re still a long way from a full reversal.”

Today, what you’ll also find in Barrington is tremendous opportunity and VALUE  in terms of the available home for sale.

Here’s a look at the how the Detached Single Family Home Median Sales Price looked this August. Here we’re considering the PREVIOUS 12 MONTH PERIOD through the end of August compared to the same snapshot from August of 2017.

  • Entire Barrington Area
    $485,000 | Down -6.6% from August, 2017
  • South Barrington
    $750,000 | Up +3.4% from August, 2017
  • Barrington Hills
    $695,00 | Down -3.5% from August, 2017
  • North Barrington
    $537,450 | Down -2.3% from August, 2017
  • Deer Park
    $510,000 | Down -2.9% from August, 2017
  • Lake Barrington
    $499,500 | Down -2.9% from August, 2017
  • Village of Barrington
    $434,500 | Down -7.6% from August, 2017
  • Tower Lakes
    $368,750 | Down -18.1% from August, 2017

(If you’re viewing this on your phone, turn to side for full view of graphs.)

Though the Federal Reserve hiked interest rates Wednesday for the third time this year, National Association of Realtors Chief Economist, Lawrence Yun says he doesn’t foresee a significant decline in buyer activity.

“We have two opposing factors affecting the market: the negative impact of rising mortgage rates and the positive impact of continued job creation,” Yun says. “This should lead to future homes sales staying fairly neutral.

We can all play a part in spreading the word about what makes Barrington a great place to live. Tell your friends elsewhere in Chicagoland to COME AND SEE everything this community has to offer! Share your local lifestyle photos on social media with (hashtag) #365Barrington or #ChooseBarrington and we’ll add them to our daily collection at 365Barrington.com.

And if you’re interested in a closer look at homes for sale in Barrington today, give me a call/text at 847-691-3150 or email Liz@365Barrington.com. I’m a long-time local Realtor working with my family, The Luby Group, and the @Properties office here in Barrington.

Want to start looking this weekend? There are over 40 open houses sheduled in the Barrington area. See below for the list, tell them Liz Luby Chepell sent you and contact me next week for a more detailed look at the homes in your target area and price range. In the meantime, happy hunting, happy Homecoming and hope to see you around our “small town” soon!

$689,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,629
SQFT
1 Burning Oak Trail
Barrington, IL 60010
 
Open House 06/23 at 1AM
$599,900
Single Family Home For Sale
Price Change
4
BED
3
TOTAL BATHS
4,156
SQFT
25872 West Indian Grass Court
Tower Lakes, IL 60010
Fenview Estates Subdivision
Open House 06/23 at 11AM
$825,000
Single Family Home For Sale
Price Change
6
BED
6
TOTAL BATHS
4,241
SQFT
4 Ascot Lane
Barrington Hills, IL 60010
 
Open House 06/23 at 1PM
$425,000
Single Family Home For Sale
Price Change
3
BED
4
TOTAL BATHS
2,196
SQFT
22288 Kelsey Road
Lake Barrington, IL 60010
 
Open House 06/23 at 12PM
$478,000
Single Family Home For Sale
Price Change
3
BED
3
TOTAL BATHS
2,274
SQFT
161 Harbor Drive
Lake Barrington, IL 60010
 
Open House 06/23 at 12PM
$1,246,000
Single Family Home For Sale
Price Change
5
BED
8
TOTAL BATHS
6,559
SQFT
110 Otis Road
Barrington Hills, IL 60010
 
Open House 06/22 at 1PM
$384,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,905
SQFT
225 Circle Drive
Tower Lakes, IL 60010
 
Open House 06/22 at 1PM
$1,295,000
Single Family Home For Sale
Active
5
BED
7
TOTAL BATHS
8,220
SQFT
11 Kensington Drive
North Barrington, IL 60010
Wynstone Subdivision
Open House 06/23 at 12PM
$589,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,496
SQFT
1202 Prairie Avenue
Barrington, IL 60010
 
Open House 06/30 at 1PM
$248,800
Condo For Sale
Active
2
BED
4
TOTAL BATHS
2,132
SQFT
260 North Shoreline Road
Lake Barrington, IL 60010
Lake Barrington Shores Subdivision
Open House 06/23 at 1PM
$599,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,128
SQFT
15 Watergate Drive
South Barrington, IL 60010
THE COVES Subdivision
Open House 06/23 at 12PM
$709,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,662
SQFT
909 Hampstead Court
Barrington, IL 60010
Barrington Court Subdivision
Open House 06/23 at 1PM
$319,500
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,141
SQFT
906 South Summit Street
Barrington, IL 60010
 
Open House 07/07 at 1PM
$669,500
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,542
SQFT
28367 Heritage Oaks Road
Barrington, IL 60010
Heritage Oaks Subdivision
Open House 06/22 at 12PM
$499,990
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,900
SQFT
105 Medinah Lane
Tower Lakes, IL 60010
Country Club Estates Subdivision
Open House 06/23 at 1PM
$585,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
3,880
SQFT
270 Pebble Creek Drive
Tower Lakes, IL 60010
 
Open House 06/23 at 1AM
$589,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,750
SQFT
26185 Twin Pond Road
Lake Barrington, IL 60010
Twin Pond Farms Subdivision
Open House 06/21 at 1PM
$414,990
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,966
SQFT
527 Pershing Lot #13.02 Court
Barrington, IL 60010
BRENTWOOD Subdivision
Open House 06/22 at 2PM
$599,999
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,000
SQFT
26669 West Taylor Street
Barrington, IL 60010
 
Open House 06/23 at 1PM
$550,000
Townhouse For Sale
Active
3
BED
5
TOTAL BATHS
4,350
SQFT
1 Shoreline Road
Lake Barrington, IL 60010
LAKE BARRINGTON SHORES Subdivision
Open House 06/21 at 1PM
$453,990
Townhouse For Sale
Active
2
BED
3
TOTAL BATHS
1,966
SQFT
512 Pershing Lot #10.02 Court
Barrington, IL 60010
BRENTWOOD Subdivision
Open House 06/22 at 12PM
$675,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,996
SQFT
107 East Lane
Lake Barrington, IL 60010
 
Open House 06/22 at 12PM
$429,000
Single Family Home For Sale
New
3
BED
4
TOTAL BATHS
2,721
SQFT
251 Woodland Drive
North Barrington, IL 60010
BILTMORE Subdivision
Open House 06/23 at 1PM
$749,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
4,468
SQFT
49 Braeburn Lane
Barrington Hills, IL 60010
 
Open House 06/22 at 11:30AM
$1,599,999
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
6,780
SQFT
1271 Burr Oak Lane
Barrington, IL 60010
 
Open House 06/23 at 1PM
$399,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,296
SQFT
25156 North Barsumian Drive
Tower Lakes, IL 60010
 
Open House 06/23 at 12PM
$447,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,990
SQFT
545 Chesterfield Lane
Barrington, IL 60010
Braemar Subdivision
Open House 06/22 at 1PM
$215,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,092
SQFT
68 South Circle Avenue
Port Barrington, IL 60010
Fox River Valley Gardens Subdivision
Open House 06/22 at 1PM
$899,900
Single Family Home For Sale
New
6
BED
7
TOTAL BATHS
7,245
SQFT
43 South Wynstone Drive
North Barrington, IL 60010
WYNSTONE Subdivision
Open House 06/23 at 1PM
$878,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,913
SQFT
428 North Avenue
Barrington, IL 60010
BARRINGTON VILLAGE Subdivision
Open House 06/23 at 11AM
$385,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
1,990
SQFT
1266 Berkshire Lane
Barrington, IL 60010
Braemar Subdivision
Open House 06/23 at 1PM
$499,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,607
SQFT
103 West Drive
Tower Lakes, IL 60010
TOWER LAKES Subdivision
Open House 06/22 at 12PM
$639,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
26645 West Taylor Street
Barrington, IL 60010
 
Open House 06/23 at 1PM
$224,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,276
SQFT
944a Oak Hill Road #517SFL
Lake Barrington, IL 60010
Lake Barrington Shores Subdivision
Open House 06/23 at 12PM
$499,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,198
SQFT
2 Canterbury Court
South Barrington, IL 60010
WINDEMERE Subdivision
Open House 06/22 at 11AM
$1,495,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
6,300
SQFT
36 Abbey Woods Drive
Barrington Hills, IL 60010
ABBEY WOODS Subdivision
Open House 06/29 at 1PM
$379,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,696
SQFT
558 Braemar Lane
Barrington, IL 60010
Braemar Subdivision
Open House 06/21 at 1PM
$419,990
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,877
SQFT
511 Peterson #9.03 Court
Barrington, IL 60010
BRENTWOOD Subdivision
Open House 06/30 at 1PM
$875,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
7,700
SQFT
14 Pentwater Drive
South Barrington, IL 60010
the ponds Subdivision
Open House 06/23 at 1PM
$773,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,905
SQFT
415 Brook Forest Lane
North Barrington, IL 60010
Brook Forest Subdivision
Open House 06/22 at 12PM
$1,725,000
Single Family Home For Sale
Price Change
5
BED
8
TOTAL BATHS
7,435
SQFT
75 North Saddle Tree Lane
North Barrington, IL 60010
 
Open House 06/22 at 1PM
$1,500,000
Single Family Home For Sale
Active
4
BED
7
TOTAL BATHS
9,508
SQFT
21 Deverell Drive
North Barrington, IL 60010
WYNSTONE Subdivision
Open House 06/23 at 1PM
$699,000
Single Family Home For Sale
Price Change
3
BED
4
TOTAL BATHS
2,863
SQFT
200 West Station Street
Barrington, IL 60010
Barrington Village Subdivision
Open House 06/23 at 12PM
$800,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
5,484
SQFT
13 Heath Way
South Barrington, IL 60010
GREENSWARD Subdivision
Open House 06/23 at 1PM
$249,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,115
SQFT
278 Hickory Lane
Lake Barrington, IL 60010
Lake Barrington Shores Subdivision
Open House 06/23 at 1PM
$259,000
Townhouse For Sale
New
2
BED
3
TOTAL BATHS
1,975
SQFT
190 Shoreline Road
Barrington, IL 60010
LAKE BARRINGTON SHORES Subdivision
Open House 06/30 at 10AM
$554,000
Townhouse For Sale
New
4
BED
4
TOTAL BATHS
2,925
SQFT
520 Bridgestone Court
Inverness, IL 60010
Weatherstone Subdivision
Open House 06/23 at 2PM
$294,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,845
SQFT
210 Manchester Lane
Port Barrington, IL 60010
RIVERWALK Subdivision
Open House 06/23 at 1PM
$1,399,000
Single Family Home For Sale
Active
5
BED
7
TOTAL BATHS
9,073
SQFT
18 Ridge Road
Barrington, IL 60010
 
Open House 06/23 at 1PM
$485,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,400
SQFT
26326 North East Lake Shore Drive
Barrington, IL 60010
Timberlake Estates Subdivision
Open House 06/23 at 1PM
$289,900
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,789
SQFT
423 Deer Trail
Lake Barrington, IL 60010
Lake Barrington Shores Subdivision
Open House 06/22 at 12PM
$399,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,515
SQFT
1163 Donegal Lane
Barrington, IL 60010
BRAEMAR Subdivision
Open House 06/23 at 1PM
$1,250,000
Single Family Home For Sale
New
5
BED
7
TOTAL BATHS
8,643
SQFT
20584 North Amherst Lane
Deer Park, IL 60010
 
Open House 06/23 at 1PM
$599,000
Single Family Home For Sale
New
5
BED
4
TOTAL BATHS
2,969
SQFT
250 Wyngate Drive
Barrington, IL 60010
Wyngate Subdivision

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Luby Group Listings

$475,000
4
BED
4
TOTAL BATHS
3,639
SQFT
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Single Family Home For Sale
- Active

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BED
2
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$515,000
4
BED
4
TOTAL BATHS
3,631
SQFT
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$475,000
3
BED
3
TOTAL BATHS
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