What’s Happening in Liberty on the Lake?

It’s been a busy year in the Liberty on the Lake subdivision.  20 home sales have closed since January 1, 2015 and 6 more are currently under contract and expected to close this year.   Compare that to 12 closed sales in the entire 2014 calendar year and you can really see the increased demand for the Liberty on the Lake neighborhood

Stretching from Curtis Road south to Old Church Rd. in Savoy, Liberty on the Lake offers almost 20 acres of lakes in total including a 10 acre lake adjacent to a 7 acre commons.  You’ll find walking trails stretching throughout the development and a central gazebo and playground in the center of the neighborhood.  The NE corner of the development is commercial and anchored by a Carle Hospital building.

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The count and volume of home sales have consistently increased in Liberty on the Lake over the last few years.   Savoy specifically has accounted for 17 of the 43 sales of new/newer homes in Savoy this year.

You’ll notice and up and down in the average sale price over the last 4 years.  This is due in large part to a change from zero-lot to single family status on 15-20 lots along the western border of the neighborhood.  Originally, zero-lot homes were planned but changes were made to incorporate smaller, single-family homes in their place.  The sale prices of the homes along the western border are typically between $255k-$280k while the standard sized lots feature homes priced from $300k and higher.

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