If you have a high priced home in Barrington or Inverness Illinois listed you sale you know it’s going to take a little while. Things are looking up though. There were 3 sales above $1 Million in March, one of those was above $2 Million.
The Highest Priced Sale for March 2013
296 Donlea Rd in Barrington Hills sold for $2,400,000
This home was built in 1935 and resides on a 6.73 acre lot. The house has 8 bedrooms and the same number of bathrooms. You might think the marketing time would have been long, it is for most of the higher priced homes here, yet this property was sold in just 32 days. Impeccably cared for it also had a 6 car garage, that’s not uncommon for the larger luxury market here in Barrington Hills. It is a ranch home which are my favorite types of home.
Other High Price Sales in March 2013
20 Terra Vita Court in South Barrington sold for $1,150,000. A 5 bedroom ranch home in Terra Vita Estates, this contemporary choice had been on and off the market for a while.
2 Beacon Hill Drive in South Barrington sold for $1,600,000. This is a 2 story home, more traditional brick styling and we were pleased to sell this property to our buyers.2 Beacon Hill, South Barrington. Sold By Corinne Guest of Barrington Realty Company
Million Dollar Listings in Barrington and Inverness
There are currently 136 properties listed with a price of $1 Million or more. 117 of those are in the Barrington areas and 19 in Inverness. Luxury home sellers need to have considerable patience, there were 37 sales last year which means the absorption rate for this homes is over 3.5 years. We are pretty much running level with 2012. 9 sales in the first quarter in 2012 and 8 in 2013. There are 7 homes currently under contract above $1 Million.
For more information on luxury homes for sale in South Barrington or Barrington Hills, please call Corinne Guest at 847-363-3686. We can provide you with a customized list of homes that match your needs, whether you need a second kitchen, a pool, theater or large garage for the toys, or acreage for your horses, all are available.