Champaign County real estate inventory is averaging 5.3 months of supply. This represents a fairly balanced market between home buyers and sellers. 5 to 6 Months of supply is the standard for balance between a buyer's or seller's market. Five or less and the demand is strong enough to label it a Seller's Market. Six... Continue Reading →
I am ready to officially declare Prairie Fields Subdivision in Savoy IL as the most popular neighborhood in Savoy! Newer homes, proximity to local Savoy parks and a great location in Champaign County all add to the list of positives.
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 closing 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.
The average sale price has trended up since 2010. YTD for 2012 the average sale price in Glenshire was $207,295. This is partially impacted by the size of homes sold (3 of the properties were over 2600sqft in the last year) and also by the general improvement in the Champaign County real estate market.
Prairie 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... Continue Reading →