Glenshire Subdivision – Champaign, IL
Glenshire Real Estate Market Update:
The following data is taken from the CCAR MLS as of 8/22/2008
| 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
Closed YTD |
$199,550 |
$193,000 |
$199,700 |
68 |
4 |
96.7% |
Only a month since our last update and the numbers look pretty much the same. We remain at 4 closed sales for 2008 and the closed sale statistics carry forward. There are currently 5 active homes in Glenshire averaging 98 days on the market. You’ll notice this number fluctuates from last months figure of 131 days.
For statistics on a neighboring subdivision take a look at the Turnberry Ridge .
The prime selling season is coming to a close as the end of August nears but a large number of homes will sell between now and December 31st. If your home needs to be one of these the most important thing is going to be effective pricing followed by proper presentation and marketing of your home. Looking for tips and suggestions? Visit the Seller Resources page for more info.
Glenshire has a lot to offer our prospective neighbors including; common areas, lakes, mature trees and the fact that it is a subdivision consisting entirely of single-family homes (which is increasingly rare in new developments). Make sure these amenities are mentioned in the marketing and sale of your home!
As always, we need to remember that Glenshire is a small area out of Champaign County so the statistics will tend to fluctuate on a monthly and yearly basis. If you are interested in comparing these numbers to the overall, local market please contact me for more info.
More info on the Champaign and Urban Real Estate Market at www.ChampaignExperts.com
Categories: Glenshire Subdivision
Tagged: Champaign Real Estate, Champaign Real Estate Market Statistics, Glenshire Subdivision
Turnberry Ridge Subdivision – Champaign, IL
Turnberry Ridge Real Estate Market Update:
The following data was compiled from the CCAR MLS as of 8/22/2008
Closed Sales of Single Family Homes
| 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
Closed
YTD |
$232,440 |
$222,500 |
$222,500 |
94 |
11 |
98.29 |
Similar to it’s next door neighbor, Glenshire Subdivision, activity in Turnberry Ridge has picked up since our last market report. 5 home sales have closed since 5/23/08 bringing new neighbors and friends to the subdivision.
The average days on market for a home has greatly extended from 2007 but the number of sales, average sale price and LP/SP ratio all remain strong. A home seller in Turnberry Ridge can expect to obtain over 98% of their asking price on average.
The biggest concern for a home seller in today’s market continues to be accurate and effective pricing to entice Buyers to view and make offers on their property.
There are currently 6 actively listed homes in Turnberry averaging 76 days on market at an average sale price of $220,267. This DOM stat has dropped quite a bit from our last update and is influenced by the 5 closings since May.
There is still plenty of time left in the year for homes to sell but the prime window of opportunity is coming to a close as August wraps up. If you are considering a sale you’ll want to get things moving quickly and have your home in top condition as soon as possible.
Interested in suggestions or advice in getting your home ready? Check out these Seller Resources for more info.
More info on the Champaign and Urban Real Estate Market at www.ChampaignExperts.com
Categories: Turnberry Ridge Subdivision
Tagged: Champaign Real Estate, Champaign Real Estate Market Statistics, Turnberry Ridge Subdivision
