luxury living rooms in Barrington homesFebruary 2013 luxury market sales in Barrington and Inverness were slower than in January with only one property sold above $1 Million. The highest priced home closed in February 2013:

31 Forest Lane, South Barrington, IL, 60010.

This home was only on the market for 305 days and immediately prior to that 415 days.  The final asking price on this home was $1,565,000 and it sold at $1,440,000, representing 92% of asking price. Marketing started in 2011 at $1,699,999 and prior to that in 2009 the home was listed for $2,300,000.

Financing was a conventional loan which shows that loans are available in the higher levels, but of course credit scores needs to be good and a deposit of at least 20% is desired. Jumbo loans and super jumbo loans require a lot of due diligence by buyers and loan officers to make sure loans are approved. This is where a dedicated and experienced loan officer is critical.

It’s therefore easy to confirm that the luxury real estate market in Barrington can still be described as soft.

South Barrington appeals to buyers as the primary area of luxury homes close to I-90. Commuting to Chicago from this village is about as easy as can be from suburbs to city, when you are only minutes from the tollway.

If you are ready to buy your luxury home in 60010, the majority of our higher priced properties are in Barrington Hills, South Barrington and Inverness. Wynstone in North Barrington offers a luxury golf course neighborhood. Let us help you find your dream home. Call or email us today, we want to know your dreams. 847.363.3686 and ask for Corinne.

Corinne

Barrington Real Estate Experts

If you are thinking of selling your home in Barrington or Inverness we have years of experience and are proficient in online technologies for today’s real estate marketing methods. We embrace internet advertising and social media to expose your Barrington and Inverness Homes to a wider buying audience.

The first step in the selling process is to establish your commitment and an asking price. Your home needs to be prepared for showings and we can help advise what is and what is not necessary to attract the most buyers possible. Marketing follows with heavy emphasis on the world wide web. We’ll be with you from start to finish, providing guidance and strategies for offers, inspection issues and the entire process until you reach a successful closing.

Are you considering Barrington or Inverness for your new home? As your buyers agents we work only for you. We do not practice dual agency (working both sides) or double dipping as it can be referred to. You can start by researching all the Barrington areas:

Please give us a call today at 847.363.3686, or fill out our ready to buy or ready to sell online contact form, and let us know how we can best serve your Barrington IL real estate needs!

Corinne Guest, REALTOR®
Managing Broker, Barrington Realty Company

Barrington, IL, 60010
Cell Phone: 847.363.3686
Email: info@corinneguest.com