SVRPaul's Blog: Barrington Area Market Conditions

We had our eyes on a stunning $1,425,000 Barrington Hills home for a client ... here one day.. gone the next. There seems to have all of a sudden been a surge for homes in Barrington Hills as evidenced by our April of 2007 Barrington Hills Market Report.

According to the Multiple Listing Service of Northern Illinois (MLSNI), 4 homes in Barrington Hills closed escrow in April of 2006 for an average price of $805,625. In April of 2007, 5 homes closed escrow at an average price of $674,600... obviously a pretty big decline in the average selling price in a year over year monthly comparison but with the wide variety of Barrington Hills Real Estate for sale, it's nothing worthy enough for a fear headline in the Chicago Tribune and here is why:

Four Barrington…

Barrington IL homes average a 4.68% increase in selling price for March of 2007 compared to March of 2006 according to information provided from the MLS of Northern Illinois.

Some notes before continuing: This is an overall analysis of Area 10 (60010 zip code) of detached homes from the local MLS and includes a pretty large area including the Villages of Barrington, Barrington Hills Real Estate, North Barrington, South Barrington Homes and Deer Park. The area is over 70 square miles and is approximately 35 miles from the Chicago loop. The report is an analysis of the overall Barrington area and obviously it should be noted that this is a report of actual homes that closed in March of 2007 in comparison to Barrington homes that closed in March of 2006.…