Chicago Metro Area Real Estate » Barrington

$16M foreclosure lawsuit in Barrington Hills

Fran Bailey, Baird and Warner Realtor — Wed, 17 Jun 2009 22:02:29 +0000

Even Chicago’s wealthiest aren’t immune to foreclosures! Today ChicagoRealEstateDaily.com reported that Amcore Bank has filed a foreclosure lawsuit for almost $16M on a 400 acre estate and horse farm in Barrington Hills. The couple who own the estate bought it for $19.3 million in December 2006 making it the most expensive Chicago Metro Area home purchase that year.

The estate includes a 10,000 square foot house, guest and staff quarters, barns and a ½-mile race track. For the full article read, “Foreclosure suit hits most expensive local home of ‘06“.

To see luxury homes currently for sale in the Barrington area click here.
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Save Time Looking at Homes For Sale by Using Satellite Map Views

Fran Bailey, Baird and Warner Realtor — Wed, 11 Mar 2009 23:46:33 +0000

One of the best tools to use when looking at homes for sale online is the satellite map view. Satellite maps show you what surrounds the property.

The house on the left in this “birds-eye view” is a house in Barrington some of my buyers wanted to see until I reminded them to take a peek at the satellite view. They want a medium to large size yard and this view shows a house that clearly doesn’t have that. The neighbor’s house to the right is definitely too close for the amount of privacy my buyers want.

Such views help you identify homes next to railroad tracks, water towers, commercial developments, etc. Even if you’re looking for a condo, it’s helpful to see what buildings surround it.

If you’re looking at homes for sale on BairdWarner.com, just click on the “Map this property” button to see the satellite view of the home. Otherwise, use Google Maps to get the same view.
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Barrington House Sale Prices Drop 27% 4th Qtr. 2008!

Fran Bailey, Baird and Warner Realtor — Wed, 14 Jan 2009 15:27:36 +0000

Last night I reviewed market statistics for house sales in Barrington. A friend of mine who owns a house in Barrington is wondering if she should sell her home now.

The median sale price^# for houses in Barrington for the last quarter of 2008 dropped 27% from the same period a year earlier from $642,500 to $471,250! This is a sharp drop from 3rd quarter 2008 when the median house sale price dropped 6% from the same period a year earlier from $675,000 to $634,000.

So there are buying opportunities in Barrington where home values have appreciated well above national levels. As shown in the chart from Zillow below, house and condos values have more than doubled in Barrington in the last 10 years, even with the big pullback last quarter!

^#Based on Midwest Real Estate Data, LLC (MRED) Data
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Barrington Median Sale Price Down, But Sales Double Above $2M

Fran Bailey, Baird and Warner Realtor — Tue, 14 Oct 2008 21:14:06 +0000

Yesterday I showed houses in Barrington. The drive to one home took us past some of Barrington’s horse farms. The scenery was beautiful especially with the leaves now turning!

The market view for Barrington home buyers depends on what end of the market you look at. When comparing the median sale price for Barrington houses for the last 6 months to the same period for the previous year, the median sale price is down 5% from $662,750 to $629,000.^* However, the average sale price is up 1.2% from $755,277 to $764,436!

The divergence of median sale price and average sale price is partly due to the increase in home sales above $2M this year. During the same period last year only 4 houses in Barrington sold for above $2M. In the last 6 months 8 houses have sold above $2M, one for over $5M!

The number of houses sold is down over 10% with 204 sales in the past 6 months and 228 during the same period a year earlier.

^{*Based on Midwest Real Estate Data LLC (MRED) Data.}Similar Posts:

Egg Harbor Cafe Good Indicator of Higher Suburban Real Estate Prices

Fran Bailey, Baird and Warner Realtor — Thu, 15 Feb 2007 23:59:14 +0000

After a photo shoot for a new listing this morning, I took a friend out to lunch for her birthday in Barrington. Being an affluent suburb, Barrington has a lot of nice restaurants.

She picked the local Egg Harbor Cafe shown left. Egg Harbor Cafe is a chain of 12 restaurants serving breakfast and lunch. They are located in northern and western suburbs of Chicago.

Looking over the list of locations which includes Wheaton, Elmhurst, and Glenview, I realized that an Egg Harbor Cafe in a town is a pretty good indicator that real estate prices are on the higher side there.

If you go there for lunch, try the Door County Melt. It’s chicken salad blended with dried cranberries, toasted pecans, and diced apples grilled on multigrain bread with Jack and Cheddar cheeses and served with potato pancakes. I had it today and it was excellent!Similar Posts:

6 Bedrooms & 4+ Baths???

Fran Bailey, Baird and Warner Realtor — Fri, 14 Jul 2006 15:01:39 +0000

I just had to stop and take pictures while driving to meet a client in the Barrington Area a couple of days ago. The humble abode shown is certainly not your typical Barrington property. However, I was especially struck by the for sale by owner sign in front of it. 6 bedrooms & 4+ baths???

Then I realized the sign was for the home set far back on the property. From a listing agent’s perspective, I would have no idea how to adjust the price for this additional feature!

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The Barringtons

Fran Bailey, Baird and Warner Realtor — Fri, 07 Jul 2006 15:25:39 +0000

Yesterday I worked on a market analysis for a home in Lake Barrington which is one of the 6 towns in the Barrington Area. Below are average sale prices¹ over the past year for 3 and 4 bedroom houses in those towns. Waterfront homes are excluded. What I find most interesting is that all of the Barrington towns have higher average sale prices than Barrington itself with the exception of Port Barrington. The significantly lower prices for Port Barrington can be attributed to the fact that Port Barrington didn’t have Barrington in the name until a couple of years ago. It was formerly called Fox River Valley Gardens. It also isn’t included in the Barrington High School District.

Barrington Area	Avg. 3 Bedroom House Sale Price	Avg. 4 Bedroom House Sale Price
Barrington Hills	$751K	$904K
South Barrington	$602K	$838K
North Barrington	$547K	$870K
Lake Barrington	$560K	$765K
Barrington	$462K	$681K
Port Barrington	$340K	$370K

¹Average sale prices based on Multiple Listing System of Northern Illinois (MLSNI) data.

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A Home Staging Dilema

Fran Bailey, Baird and Warner Realtor — Thu, 22 Jun 2006 15:43:21 +0000

Last night I started a marketing analysis for a 2 bedroom house in Lake Barrington. The house could either be a great starter home or weekend getaway. It’s a short walk up the road to the Fox River where the property owner has rights to dock a boat.

My dilemma is what home staging suggestions to give the owner. The home is immaculate. It couldn’t be cleaner or more organized. It’s also filled with antiques that give the home tremendous warmth and charm. It might look more spacious with the removal of some of those items, but they contribute much to the look of a country getaway. I’m going to have to ponder making the home look more spacious vs. not taking away from the warm, comfortable appeal.Similar Posts:

2005 3 Bedroom House Average Sale Prices – Park Ridge out to Barrington

Fran Bailey, Baird and Warner Realtor — Sat, 25 Feb 2006 20:36:24 +0000

Below is a data map of 2005 average sale prices for 3 bedroom houses in Park Ridge, Des Plaines, Mount Prospect, Arlington Heights, Palatine, and the Barrington area. The darker the green, the higher the price. Park Ridge had the highest average sale price of the group at $501,893. Neighboring Des Plaines has the lowest average sale price in the group at $325,915.

Data is from the Multiple Listing System of Northern Illinois (MLSNI).

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Deer Park and Barrington Area Showings

Fran Bailey, Baird and Warner Realtor — Tue, 03 Jan 2006 02:44:22 +0000

I spent part of today showing houses priced between $500K and $700K in Deer Park, Barrington and Barrington Hills to an executive relocating here for a position in the northwest suburbs.

A home I showed in Deer Park is on a lot just under 1 acre which is considered small by Deer Park standards! Typically, lots there are 1 acre or more. Deer Park is also different from other suburbs in that you won’t see a lot of fences. The village wants to maintain an “open look” and “country characteristics”. For more information on Deer Park visit Village of Deer Park.

On our way to Barrington Hills we passed some gorgeous horse farms on Lake Cook Road. If you’re looking for a scenic drive, head out that way on a Sunday afternoon.Similar Posts: