Summer Update for Ashland Park – Champaign, IL

The Summer months are slowly (and warmly!) drawing to a close but home sales in Ashland Park subdivision keep marching on.

As a follow-up to the Spring update on Ashland Park, this post will focus on the Summer activity.   Here’s a quick update on the inventory;

• There are 25 active listings.  (4 new construction homes and 21 existing homes)
• There are 5 pending home sales (2 existing homes and 3 new construction)
• The average days on market for the active listings is 120 days  (108 days for existing homes and 192 days for new homes)

See EVERY Ashland Park Home listed for Sale

The inventory is remarkably similar to the February 2010 inventory which should be taken as a positive sign.  The number of homes for sale is actually lower and the pending count is identical at 5 homes.  The Days on market is higher (120 vs 86 for new homes and 192 vs 162 for new construction).

As mentioned in other new construction posts, the average DOM numbers are almost always higher for new construction homes as they are usually listed closer to when construction begins.  This can add anywhere from 30-90 days to their DOM figures.

Closed Sales Data

• 27 closed sales in the past 6 months
• 16 closed sales in the past 2 months
• 3 closed sales in the past month

Ashland Park was definitely a beneficiary of the federal tax credits for first time home buyers and this can be seen in the strong sales for the past 6 months.  The good news is that there continue to be closed sales and pending contracts.

The strongest benefits for Ashland Park homes continue to be the quality of construction and energy efficiency.   Couple those benefits with a convenient location in Champaign and the new park and you’ve got a great subdivision waiting for new neighbors.

While Ashland Park has plenty to offer, it’s true that it has gotten a bit more difficult in the past year for the resale of homes.  One of the toughest factors was the competition from other new construction homes in Ashland Park.  There is almost always a discount for existing homes to new construction.  Luckily, the developers have started construction on all new floor plans for 2010.  This should reduce some of the direct competition for existing home sellers going forward.

If you are looking for a home in Ashland Park take a look at the floor plans and models via the MLS Here or via the Ashland Park website and then contact us to see how we can help you find the right home, formulate an effective offer and buy your new home!

Looking for The Best Deals in Ashland Park?!

$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.

$116,900 – 511 Corey Ln. – 2 Bedrooms, 2 Full Baths, 1 Car Garage – This is the LOWEST PRICED HOME IN ASHLAND PARK!  Impeccably clean, this 2 Bedroom offers flexible possession and a great layout.

$136,900 – 601 Corey Ln. – 3 Bedrooms, 2 Full Baths, 2 Car Garage –  The Best Price for a 3 Bedroom home in Ashland Park! Move-in Ready with upgraded, stainless steel appliances, this home offers 3 bedrooms and an eat-in kitchen.

$125,900 – 510 Doisy Ln. – 2 Bedrooms, 2 Full Baths, 2 Car Garage – You won’t find an existing home with more upgrades in Ashland Park.  Full landscaping includes over 14 trees, a brick paver patio in the backyard, tile back splash in the kitchen and custom painting throughout.

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