Prairie Fields Savoy IL – Home Sales Update

Prairie Fields, Savoy ILPrairie Fields Subdivision in Savoy IL remains a top choice for home buyers in Champaign County.  The number of home sales and the average price are up and the average days to sell are down for the first nine months of the year.

The YTD MLS record of home sales in Prairie Fields increased significantly over the last 3 years.  From 21 sales in 2010 to 36 sales this year, demand has remained strong.  With 5 pending sales in Prairie Fields waiting to close we will easily surpass last years total as well.  So far this year 17 of the 36 home sales have been new construction homes.  With lower real estate taxes and an attractive price point, these homes have hit a sweet spot in consumer demand.

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Prairie Fields - Home Sales 2012

Average Sale Price in Prairie Fields was $227,395 so far this year.  The new construction homes are averaging around $237k and helping to keep this number up.  The 2011 YTD numbers included only 3 new construction sales which strongly influenced the average sale price (downward).  Overall, the sale price trend is upwards which is great news for homeowners in the neighborhood.

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Another real estate statistic we like to watch is the Average Days on Market (DOM).  For Prairie Fields DOM average only 56 days YTD in 2012.   You might think that the new construction homes are artificially holding the DOM down but the existing home sales in Prairie Fields are actually averaging 50 days on the market and new homes are at 62.

This is great news for homeowners that need to sell a property in Prairie Fields.  Competing to sell your home against new construction can be tough but we are seeing solid demand in Prairie Fields for new and existing properties.

Getting ready to sell your home?  Contact Mark Waldhoff to get your No Obligation market analysis of the value of your home.  With a few simple questions we can find your home’s value in today’s market.  We have successfully helped many clients in Prairie Fields and Savoy and will use that experience to ensure you get the highest value for your property.

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