It looks like Prairie Fields will get one more year of new construction activity. 2014 saw the last of the new construction builds on Gentian and Sunflower streets and the lots sold very quickly at that time.
One of the consistent fears raised by many attendees was the plan for the stub street on the south end of Robeson Meadows West off of Sandhill Lane. Most if not all neighbors expressed concern
With 9 homes on the market at this time we are looking at a 3 1/4 month supply. This measure of inventory is what is referred to as the absorption rate. It means that at the current rate of sales it would take 3 1/4 months to sell all of the inventory. When the absorption rate is between 5-6 months of supply you are experiencing a balanced market. Less than 5 and the scale tips into "Sellers Market" category.
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... Continue Reading →
Yankee Ridge subdivision in Urbana IL is home to a great mixture of architecturally unique homes. It sits off of South Race Street about 1/2 a mile south of Windsor Road and borders the southern edge of Meadowbrook Park. Home values range from approximately $200,000 to over $700,000. SEARCH ALL YANKEE RIDGE HOMES FOR SALE NOW... Continue Reading →