Barrington RE/MAX Realtors Honored for High Performance

Several Barrington Realtors took home awards during the company's yearly award ceremony.

  Several Barrington RE/MAX Realtors were honored for outstanding performance during the RE/MAX of Northern Illinois real estate network’s Annual Awards Ceremony. The following awards were given to Barrington RE/MAX Realtors:  The Trendsetter Award: Paul Wells, broker/owner of RE/MAX of Barrington in Barrington, Ill., and RE/MAX NOW in Lake Barrington, Ill., captured this honor, which recognizes a RE/MAX affiliate who consistently anticipates industry trends and whose progressive outlook and actions benefit their office and the entire RE/MAX system. Largest Single Residential Commission: Mimi Burke and Cynthia Patterson, RE/MAX of Barrington, Barrington. Largest Single Referral Commission: John Morrison, RE/MAX of Barrington, Barrington.

• Photos (1)

RE/MAX Analysis Shows Housing Market Recovery in Chicagoland

Home sales activity in 2012 up 27 percent in Lake County, 28 percent in Cook County.

• Photos (1)

Chicagoland Real Estate Sees Most Active December Since 2006

RE/MAX reports Lake County sales up 25 percent; median Lake County sales price down 5 percent since December 2011.

Propelled by strong condominium sales in Cook County, attached homes led the metro Chicago real estate market to its most active December since 2006, according to RE/MAX.  Combined sales of attached and detached homes in the seven-county metro area were up 20 percent to 7,281 units when compared to the same month last year.  Sales of attached homes rose 23 percent to 2,661 units.  The median sales price for all homes sold in December was 5.5 percent higher than in December 2011, reaching $153,000, while the median sales price for attached homes climbed 7.5 percent to $123,600.  The average market time, which is the average number of days a home sold in December was on the market before a sales contract was signed, dipped to 138 days for …

• Photos (1)

RE/MAX of Barrington Buys Lake Barrington Realty

The owner of RE/MAX of Barrington decided to make a big decision to expand his business.

The real estate market nationwide is reaching historic lows, but a local broker isn't letting that get in the way of his business expansion.  Paul Wells, broker and owner of RE/MAX of Barrington recently purchased Lake Barrington Realty, which has since been renamed RE/MAX Now.  Wells' business now has 50 agents and a largely expanded service area.  In light of the rough real estate market, many would say Wells is making a risky decision with the purchase of Lake Barrington Realty.  However, Wells said in a press release that this was a well planned decision. "I go with what Warren Buffet has always said.  I have to do what everyone else isn't doing," Wells said. "You can't be afraid to expand because of a tough market.  I saw this move as…

• Photos (1)