Entries from May 2008
Turnberry Ridge Subdivision – Champaign, IL
The following data is taken from the CCAR MLS as of 5/13/2008
Closed Sales of Single Family Homes – Market Report
| Year |
Average List Price |
Average Sale Price |
Median List Price |
Average Days on Market |
# of Closed
Sales |
List Price to Sale Price Ratio |
| 2005 |
$209,042 |
$220,820 |
$229,900 |
50 |
15 |
98.2% |
| 2006 |
$223,756 |
$217,725 |
$219,900 |
60 |
16 |
97.3% |
| 2007 |
$224,509 |
$219,664 |
$229,900 |
40 |
11 |
97.8% |
| 2008 YTD |
$228,440 |
na |
$239,900 |
na |
0 |
na |
Much like Glenshire Subdivision,Turnberry Ridge has followed a similar path as the Champaign Real Estate Market in general. Given the small sample size, the average sale price has remained consistent over the last 3-4 years. Pricing and demand remains strong as well with average list price to sales price ratios fluctuating between 97% and 98%.
Unlike much of Champaign County the average days on market for a home listed for sale in Turnberry Ridge has actually dropped about 20% between 2005 and 2007. This number is a little surprising but given the consistent demand for this area it is completely understandable (and great news for homeowners in Turnberry Ridge).
Currently, there are 5 single family homes on the market in Turnberry averaging a total of 112 days on the market. So far this year the number of sales seems to be following the yearly trend but the days on market will be the number most home sellers will be watching in Turnberry.
More info on the Champaign Real Estate Market at www.ChampaignExperts.com
Categories: Turnberry Ridge Subdivision
Tagged: Champaign Real Estate, Champaign Real Estate Market Statistics, Turnberry Ridge Subdivision
Real Estate Market Summary - 1/1/08 thru 5/13/08
The following data is taken from the CCAR MLS as of 5/13/2008
| Year |
Average List Price |
Average Sale Price |
Median List Price |
Average Days on Market |
# of Closed
Sales |
List Price to Sale Price Ratio |
| 2005 |
$209,042 |
$197,400 |
$205,900 |
38 |
12 |
94.4% |
| 2006 |
$212,450 |
$208,585 |
$214,900 |
55 |
12 |
98.2% |
| 2007 |
$197,908 |
$193,096 |
$194,900 |
97 |
13 |
97.1% |
| 2008 YTD |
$212,291 |
na |
$213,000 |
na |
0 |
na |
Looking at Glenshire as an individual market is a little tough to do because of the small number of sales every year so these statistics need to be incorporated with a view of the overall real estate market in Southwest Champaign. (if you are interested in that info please contact me)
In general, Glenshire has followed the general trend in the local real estate market with longer days on market following 2005. The average sale prices have remained strong with a dip in 2007 that can mainly be attributed to 9 of the 13 homes that sold that year being smaller than 1900sqft in size. Another sign of strong demand in Glenshire is the tightening of the List Price to Sale Price Ratio. This is the average percentage of asking price that a home seller is receiving in Glenshire Subdivison.
The item that really caught my attention so far this year is that there are no closed sales in Glenshire for 2008. I think this is an anomaly from the relatively small size of the subdivision but it will be interesting to watch for the remainder of the year.
There are currently 11 homes in Glenshire actively marketed through the MLS averaging 76 days on the market.
Categories: Glenshire Subdivision
Tagged: Champaign Real Estate, Champaign Real Estate Market Statistics, Glenshire Subdivision
This blog is provided as a means for residents and prospective residents of Champaign and Urbana, IL to find information on local neighborhoods and subdivisions.
Featured content will include real estate market updates (average sale prices, days on market, etc.), Homeowner Association information, plat maps, covenants and restrictions and more.
In the beginning we will focus on just a few neighborhoods but will expand the list as the site grows.
If you would like to see a particular neighborhood or subdivision featured just let me know!
If you have specific questions about the Champaign & Urbana real estate market you can contact me via ChampaignExperts.com
Categories: General Info
Tagged: Champaign, Urbana
