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Fall Housing Market Update for Champaign County!

by Rose Price

Fall is a great time to buy your dream home! Less competition from other home buyers, pleasant weather, and year end tax breaks are just some of the benefits of buying during the season. The strength of the housing market in Champaign County this September reflected strong buyer demand and confidence in our area's economy. The stats for the month show that home sales increased with this buyer demand and inventory of homes was able to keep up, reflecting a robust and healthy market.

 


Champaign County saw a 5.9% increase in the number of homes sold in September 2017 compared to September 2016, with 199 sold this year compared to 188. The communities of Champaign, Urbana, and Mahomet all saw more homes sold in September of this year, as compared to last year. While the month of September had a stronger showing throughout the county, the year-to-date number of homes sold is down 1.2% at 2,042 from the same period last year. Median home sale price for single family homes and condominiums is down 1.4% from $154,325 in September 2016 to $152,200 in September 2017. The average number of days on market for all home sales was at 62 days in September 2017, compared to 58 in September 2016.

 

 

Although these stats reflect benefits for buyers in particular, sellers should take advantage of the tight inventory of homes on the market and high buyer interest.

 

Now is the perfect time for Champaign County homebuyers, especially first time buyers, to take the plunge. Interest rates are below 4%, according to the Federal Home Loan Mortgage Corporation.

 

If you are interested in Buying or Selling your Champaign County home this fall, give Champaign Rose a call today or visit my website at http://www.champaignrose.com/.

 

 

Information from Champaign County Association of REALTORS®

 

Champaign IL Housing Market Update: 10/04/17

by Rose Price

Here's your weekly Champaign Illinois Housing Market Update!

Current Real Estate Stats:

Market Index- 27.18 indicating a Buyers Market

Total Number of Properties on the Market- 379

Median Sales Price- $203,170.

Average Square Footage- 1,897

Average Number of Bedrooms- 3

Average Number of Bathrooms- 2

Average Days on the Market- 148

Average Price Per Square Foot-  $103

Real Estate Market Trends for Champaign IL

Market Index

 

Total Number of Properties on the Market

Median Sales Price

 

Average Days on the Market

 

Average Price per Square Foot

Learn what your Home is Worth in this Fall market.  Get an Instant, Free Home Analysis Here!

 

Presented by Rose Price

Landmark Real Estate

One East Main St., Suite 200, Champaign, IL 

www.champaignrose.com

217-202-8843

Champaign Illinois Housing Market Update: 09/27/17

by Rose Price

 

The Champaign Housing Market is equally beneficial for Buyers & Sellers as the market index is 27.57 and home prices have remained steady over the past week.  The Fall is an excellent time to buy or sell your Champaign area home!

Current Real Estate Stats for Champaign IL:

Median Home Price- $204,709.

Total Inventory of Homes- 376

Average Square Footage- 1,880

Number of Bedrooms- 3

Number of Bathrooms- 2

Average Days on the Market- 147

Average Price per Square Foot- $103.

Consider the following 7 and 90 day market trends:

 

If you're considering purchasing a home, sign up for my preferred email listing alerts and receive only new homes to the market that meet your personal preferences.  Sign-up here.

Looking to put your home on the market but would like to know your homes value? Get a free home analysis here.

 

Brought to you by:

Rose Price

Landmark Real Estate

One East Main St, Suite 200, Champaign IL

217-202-8843

Champaign Illinois Housing Market Update: 09/20/17

by Rose Price

The Champaign Housing Market is still going strong and predicted to continue into 2018.  Fall is an excellent time to sell your home for these reasons:

  1. Home Buyer Demand is High
  2. Competition is Low
  3. Home Values have stabilized

Here are the current Housing Market Stats for the Champaign IL Real Estate Market:

Median Home Price- $206,236.

Total Inventory of Homes- 373

Average Square Footage- 1,898

Number of Bedrooms- 3

Number of Bathrooms- 2

Average Days on the Market- 146

Average Price per Square Foot- $103.

Consider the price trends over the past 90 days:

For more home selling and buying tips, visit my website:  www.champaignrose.com

Brought to you by:

Rose Price

Landmark Real Estate

One East Main St, Suite 200, Champaign IL

217-202-8843

 

Greatest Midwest Food Town Celebration!

by Rose Price

Champaign-Urbana has been named The Greatest Midwest Food Town by Midwest Living!!! We cannot say that we are surprised! There are endless delicious and unique restaurants, cafes, food trucks, and more located throughout the Champaign-Urbana metro area. Come celebrate our town's victory at the Greatest Midwest Food Town Celebration!!! Representatives from Midwest Living Magazine will be heading to town on Saturday, September 9th, from 9:00 am to 6:30 pm for a day filled with fun, food celebration. Enjoy a full day of delicious samples, foodie raffles and prizes, live performances, games, and so much more!

 

 

9:00 am – 11:00 am | Urbana's Market at the Square

Corner of Illinois & Vine Streets

Activities

​​

12:45 pm – 2:45 pm | The Blind Pig Brewery

120 North Neil Street

Activities

​​

4:00 pm – 6:00 pm | Grange Grove at Memorial Stadium

South 1st Street

Activities



Want to live in the Greatest Midwest Food Town?! Check out our Current Homes for Sale! Give Champaign Rose a call today or visit our website at http://www.champaignrose.com/.

 

Image Credit: Visit Champaign County

Complete the Bucket List Challenge at Champaign Parks!

by Rose Price

Spend time in the beautiful summer sun as you “romp and stomp” at all the playgrounds in Champaign! The Champaign Park District is hosting a Bucket List Challenge to encourage residents to explore the amazing park facilities found in our city. Now through the end of September, have fun throughout Champaign and be entered to win prizes!  

 

Download the Bucket List Challenge Brochure and start exploring all of the 29 incredible playgrounds (listed below) located throughout the community. Once you have checked off all the buckets, send or drop off the completed brochure to any Champaign Park District facility  at the end of the month to be entered in a drawing for awesome prizes!

 

Bucket List Challenge Parks

Beardsley Park (1006 North Walnut Street)

Bristol Park (1300 North Market Street)

Centennial Park (2200 West Kirby Avenue)

Clark Park (900 South McKinley Avenue)

Davidson Park (1108 West Church Street)

Eisner Park (1301 West Church Street)

Douglass Park (501 East Eureka Street)

Glenn Park (400 North Mattis Avenue)

Garden Hills Park (1701 Bloomington Road)

Hazel Park (1209 North Neil Street)

Hessel Park (1400 Grandview Drive)

Johnston Park (701 Goldenview Drive)

Mayfair Park (1507 Maywood Drive)

Millage Park (2802 Cherry Creek Road)

Morrissey Park (1209 Harrington Drive)

Mullikin Park (2110 Mullikin Drive)

Noel Park (1110A Sterling)

Robert C. Porter Family Park (2310 South Rising Road)

Powell Park (3212 Clayton Road)

Robeson Meadows West Park (2865 South Duncan Avenue)

Robeson Park (1984 South Duncan Avenue)

Scott Park (207 East Springfield Avenue)

Spalding Park (900 North Harris Avenue)

Sunset Ridge Park (4102 Boulder Ridge Drive)

Toalson Park (502 Bardeen Lane)

Turnberry Ridge Park (910 Cobblefield Road)

Wesley Park (915 North Third Street)

West Side Park (400 West University Avenue)

Zahnd Park (2502 South Staley Road)

 

The parks are just one of the many fabulous amenities that make Champaign a great place for families to call home! Come discover your dream home in Champaign! Give Champaign Rose a call today or visit our website at http://www.champaignrose.com/.

 

Image Credit: Champaign Park District

Tips for Spring Home Buyers and Sellers in Champaign/Urbana!

by Rose Price

Spring is fast approaching. As the flowers bloom and the weather warms, home buyers and sellers start looking to enter the real estate market. If you are ready to Buy or Sell you home in Champaign/Urbana this spring, it is important to be prepared and know what to expect. Here are my helpful tips for spring buying and selling in our area.

 

Spring Buyers!

As a buyer, your first step is to know the Champaign/Urbana market. Research what housing options are available to you as well as the current list prices. Before you begin to seriously search for your new home, it is important to have your Financing situated ahead of time. This allows you to accurately know what you can afford and makes you a more attractive buyer when you enter negotiations with a seller. Realize that the spring market means increased competition from other potential buyers. Once you find your dream home, you want to stand out from other offers. Consider writing a personal letter to the seller expressing why you love their home and know that it would be a good fit for you and your family. Also, remain flexible during the negotiation process to ensure that you can get the home you want.  


 

Spring Sellers!

As a seller, you need to know Your Home's Value before you list. This will enable you to price your home correctly. Since other sellers will be listing their homes this spring, you want to stand out from the competition. You can do this by improving your home’s curb appeal, staging your home, and completing any home improvement projects. Consider some updates to your home that will give you a great return on investment. To get top dollar for your home and sell it quickly, work with Champaign/Urbana’s Top Realtor!






Champaign Rose is here to help you buy or sell this spring!  Give me a call today or visit my website at http://www.champaignrose.com/ to get started today.

Curb Appeal for Fall Home Selling In Champaign/Urbana!

by Rose Price

5 Fall Home Staging Ideas for your Champaign Listing!

by Rose Price

Fall Home Buying in Champaign-Urbana!

by Rose Price

Spring and Summer are seen as the peak home buying seasons…..but FALL might truly be the ultimate season to buy. With many families settled into their new homes at the end of summer, there are amazing opportunities to find your dream home in a market with less competition and stress. Looking to buy a home in Champaign-Urbana? Use the season to your advantage! Here are the top reasons why you should purchase your new home this fall and not wait until the weather starts to warm up again next year.

 

Sellers with Homes still on the Market are Anxious to Sell

After having their homes listed all spring and summer, many sellers are worn out. Their homes might still be on the market because their asking price was too high during the warmer months. Now, they are looking to make a deal and are often more willing to lower their price in order to do so. As a buyer, use this to your advantage. You will likely have more success offering a lower price on a home in the fall than you would have previously.

 

Sellers in the Fall are Looking to Move

Sellers that leave their homes listed in the fall are doing so for a reason….they need to move. Whether it’s for a new job or because their new home is ready, these sellers are more serious about moving on to their new homes and need to have their current homes sold as soon as possible. They will likely be more open to negotiation in order to close the deal, especially before the upcoming holiday season.

 

You will have less Competition from other Home Buyers

Since fall is considered an off-season for real estate, there tends to be far less competition. The decrease in demand on the buying side does not translate to less inventory, however. There are still plenty of homes on the market! Whether it is new inventory or homes that have been on the market all summer long, buyers in the fall have a ton to choose from and are able to be more aggressive with their negotiations. Fall puts buyers in a great position of power to get exactly what you want! There are some many amazing homes currently on the market. Check out our Current Featured Properties to start the search for your home!

 

You have Lots of Resources at your Disposal

Since spring and summer are the peak real estate seasons, industry professionals such as agents, lenders, and movers, are incredibly busy. When the weather starts to cool and with many clients settled into their new homes, realtors and others have more time time opening up….meaning that you can have more of their undivided attention. This is extremely beneficial when you are looking to buy a home. Take advantage of all of the resources out there. An Experienced Real Estate Agent is dedicated to helping you move into your dream home this fall.

 

Crime Rates Go Down in the Fall

The end of summer tends to be the main months in which home related crimes, such as burglaries, occur. If you are buying your home in the fall, this allows you the opportunity to do more research prior to purchasing in order to find out about crime rates in the area and take precautions in your new home to protect yourself, if necessary.

 

Spruce Up Your New Home With End of Year Sales

The fall months are prime shopping season when it comes to home appliances, decor, maintenance goods, and more. Major retailers always offer these consumer goods at great discounts in the fall in order to prepare for next year’s trends and models. You can outfit your new home with amazing deals! Update your home with fresh paint and carpeting in September, when these goods are often put on sale. Prepare for next spring by purchasing your lawn mower in October. Create your dream kitchen in November with the help of new appliances and cookware at a discounted price.

 

Use Tax Deductions to Your Advantage

Regardless of which calendar month you purchase your home, homeowners can claim deductions on property tax and mortgage interest for your entire year’s worth of income. Payments completed prior to the loan closing will be considered tax deductible, even if they occur in November or December! You can save a considerable amount of money on the taxes you owe by purchasing your home later in the year!

 

Fall is the perfect time to Buy your dream home in Champaign-Urbana!! Call me today or visit my website at http://www.champaignrose.com.



Resource: Forbes

Displaying blog entries 1-10 of 35

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