An odd question, but if you are one of many Champaign residents who received a notice in the mail you might have the same question. (more…)
Entries categorized as ‘Turnberry Ridge Subdivision’
Fountain Head Drainage District…?
October 20, 2009 · Leave a Comment
Categories: Glenshire Subdivision · Turnberry Ridge Subdivision
Tagged: fountain head drainage district
Turnberry Ridge Zero-Lot Market Report – Fall 2009
September 28, 2009 · Leave a Comment
Well, Summer is technically over and it’s time for an update on the Turnberry Ridge Housing Market. This post will focus specifically on the zero-lot history for the Turnberry Ridge Subdivision as of September 25, 2009. I’ll update this with a link to the Single Family Homes and Condo Market info later this week. (more…)
Categories: Market Updates · Turnberry Ridge Subdivision
Tagged: Champaign Real Estate, Champaign Real Estate Market Statistics, Turnberry Ridge Subdivision, zerolots
Turnberry Ridge Subdivision – August 2008, Market Update
August 22, 2008 · Leave a Comment
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
Turnberry Ridge Subdivision – May 2008, Market Update
May 14, 2008 · Leave a Comment
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
