We seen 13 closed sales of luxury homes in Champaign so far this year with an average list price of $640,885. This is slightly down from the 18 sales and $706,507 average list price we saw in the same time frame last year. There are currently 2 luxury homes under contract. One great classic home on University avenue listed at $725,000 and a beautiful home on the lake in The Trails at Brittany.
You start your home search within your budget but it's inevitable, you have to see what the most expensive homes are going for and what they look like. As of mid-July, there are 7 homes listed at $1 million or higher (I'm including 995k and up).
The luxury home market for any given area is typically classified as the top 10% of transactions with a minimum value of $500,000. In Champaign County the top 10% of CCAR (Champaign County Association of Realtors) home sales would include properties priced around
