Ashland Park Champaign IL – Spring Market Update

With the Spring market right around the corner it’s a great time to look at the real estate activity in Champaign subdivisions.  Today we’ll review the home sale activity in Ashland Park Subdivision in Champaign.  A quick look at the inventory:

  • There are 27 homes currently listed for sale.  (12 new construction homes and 15 existing homes)
  • There are 5 pending sales.  3 new construction and 2 existing homes.   These are homes that have accepted sales contracts and are waiting to close.
  • Average Days on Market for the existing homes is  86 Days.   New construction homes in Ashland Park are at 162 Days.

Search all Ashland Park Homes for Sale

Thoughts and Notes:

While the time on market is considerably higher for the new homes in Ashland Park (162 Days) this is not uncommon.  Homes under construction are frequently listed early in the construction stage when it’s not even possible to tour the inside of the property (it might not even exist yet).   The existing homes avg time on market is actually lower than the Champaign MLS average of 110 Days.

5 pending sales is higher than I would have expected for Ashland Park at this time of year.   The following table displays the breakdown of home sale activity in Ashland Park over the last 2 years.

Homes Sold Info

YTD (1/1 thru 2/15)

Past 6 Months (8/1 thru 2/1) Past 12 Months (2/1 thru 1/31)

2010

1

22

44

2009

1

8

40

Number

dfsdfof Homes Sold

YTD (Jan 1st to Feb 15th)

Past 6 Months (8/1 thru 2/1)

Past 12 Months (2/1 thru 1/31)

2010

1

22

44

2009

1

8

40Eve

Disregarding the national real estate environment, Champaign and Ashland Park have managed to increase the number of homes sold from 2008 to 2009.  It’s tough to measure but I’m sure a large part of this is due to the Federal Tax Credits for home buyers and the incentives offered by the developers.

For more details on the Ashland Park incentives drop me a note at Mark@ChampaignExperts.com

Ashland Park “Best Buys”

There are some great opportunities in existing homes for sale in Ashland Park right now.  The two homes below offer great upgrades and additional value for home buyers.

510 Doisy – $125,900 – 2BR, 2Bath, 2Car Garage 1200sqft,   Extras:  Brick paver patio, River Birch and  14+ evergreens planted, tile backspash in kitchen, upgraded insulation (R50!).  Priced less than comparable new construction.

$139,900 – 3101 Nobel – 2 Bedrooms, 2 Full Baths, 2 Car Garage and TONS of Upgrades!!   This is the former Model Home at Ashland Park and a real buy from upgrades like granite counters, security system wiring, waterfront lot and plenty more.

www.ChampaignExperts.com – Search the Entire Champaign County MLS  –  Hassle Free!


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