South Barrington IL luxury homes sold in the first half of 2017 are homes in the top 10% of sales with sold prices from about $1,357,000 and up. The top homes sold amount to 4 sales. With 37 homes closed in South Barrington this year to date, that’s about 7 a month. South Barrington is a small part of the entire Barrington real estate market and 70-80 sales per year is about average. South Barrington real estate is single family homes only. The village is well known as a luxury homes community. Asking prices can exceed $6 Million. The current median price is more affordable at $750,000.
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?The Top 4 South Barrington IL Luxury Homes Sold
- 50 Brandywine Rd. South Barrington, 5 bedrooms, 4/2 Bathrooms. Sale price $1,357,000. Sold at 91% of asking price in 60 days.
- 30 Watergate Dr. South Barrington, 4 bedrooms, 3/3 Bathrooms. Sale price $1,775,000. Sold at 81% of asking price in 12 days.
- 11 Morgan Ln. South Barrington, 6 Bedrooms, 6/1 bathrooms. Sale price $2,250,000. Sold at 191% of asking price in 77 days.
- 8 Kaleigh Ct. South Barrington, 7 Bedrooms, 6/4 Bathrooms. Sale price $4,900,000. Sold in 49 days.**
- **Note property has been listed for sale on and off since 2012 and the start asking price was $16,900,000. Sale price was ultimately at 29% of asking price.
2 of these sales were cash, 2 were financed. Appraisals are still needed for half of the luxury homes sold in Barrington Hills this year to date. Financing can fail if appraisals come in too low. Not all buyers are willing to bridge the difference and many sellers are not willing to budge on price. This becomes harder as you reach the top prices. Lack of sales makes it extremely hard to find comparable properties and an appraiser uses these to base his price on. For cash it truly comes down to how much is a buyer willing to pay and assumes he does not want his contract contingent on an appraisal.
Although these 4 sales represent South Barrington luxury homes sold in 2017 they do not represent the homes on the market in the top 10%. Prices for active listings at the top 10% are $2.25 million and up in price to $4,480,000.
?Gallery of South Barrington IL Luxury Homes
Luxury new construction is available in South Barrington in The Village Enclave. Look for addresses on Village Enclave Ct in the gallery above. The neighborhood is being developed by the same builder as the Hidden Lakes subdivision. Expect the best quality of homes.
?Living in South Barrington
With a median price now much more affordable for the Barrington area than it was for a very long time, South Barrington is open to many buyers. South Barrington is primarily residential but recently has seen the addition of a small office area, a large shopping mall and new construction. It is also home to the only active adult community in the entire Barrington area. So whether you want a luxury home or not, South Barrington have plenty of nearby conveniences. It’s also home to a Tennis and Swimming club. Typical single family homes have 1-2 acres of land, there’s waterfront choices and most homes are in medium sized subdivisions with community guidelines for each.
South Barrington is well placed for commuting to both the City of Chicago on I-90 and also hospitals and employment hubs along I-90 and in Schaumburg.
?Let Me Help You Find a Home in South Barrington.
For further assistance or to start your home search, call Corinne Guest, Barrington Realty Company at (847) 363-3686. Or fill in our form below.