Ashland Park – Home Sale Update

Champaign home buyers looking for something less than 10 years old and in an attractive/affordable price point consistently see options in Ashland Park.   Since its creation there have been over 350 homes built in the neighborhood.  Due to the price point and style of home the turnover has been fairly high but not surprising.  At least 120 of the completed home have resold since 2005.

Home sales in Ashland Park have increased in 2012.  30 closed sales YTD which is up almost 20% from the same time period last year.    The number of closings in the last 6 months has slowed but the inventory is down as well.  Currently there are 21 homes for sale in Ashland Park.  This is significantly lower than prior years.  A reduction in supply (less homes for sale) helps raise demand and this is reflected in the number of sales, average days to sell (DOM) and pricing in the area.

Ashland Park Size of HomesThe average size of a home sold in Ashland Park this year (1375 sq ft) has been about 5% smaller than prior years.  At the same time the average sale price has only dropped about 2.3% to $137,509.  Good news for homeowners and also buyers wondering on the future prospects of the neighborhood.

Days on Market, the length of time from listing to accepted offer, dropped 1 day to 84 days.  This is very consistent with the numbers from last year.  The decrease in inventory (supply of homes) has likely been the biggest factor in stabilizing the demand for homes in the area.

The Atkins Group continues to build new homes in the subdivision.  They have added new floor plans and features and are moving on to the final phases of the neighborhood.  You can find their model home information and Ashland Park neighborhood info at the corporate website.

My team has worked with T.A.G. numerous times and they are easy to recommend.  They have a sales office staffed in Ashland Park at least 5 days a week.  If you would like to have a Realtor represent you in the purchase of one of their homes just drop us an email or call 217-239-7114.  We’ve sold a lot of homes in Ashland Park and can help you as well.  We are familiar with the floor plans, the builder and the neighborhood and will put that knowledge to work for you.

Selling in Ashland Park?  We’ve worked with 2, 3 and 4 bedroom properties in the area.  Email or Call (217-239-7114) for your free, no-obligation market analysis on your home.

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