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Champaign County Housing Market Ended Strong in 2017!

by Rose Price

Champaign County home sales in 2017 reflected the second best year in the past decade!

The region saw a 2.47% increase in average home sale price for 2017 at $174,420 compared to the previous year at $170,217. The median home sale price (i.e. the typical market price where half the homes sell for more and half for less) for single family homes and condominiums was also up 3.45% from $145,000 in 2016 to $150,000 in 2017.

 

Along with the higher sale prices, the year saw a decrease in the total number of home sales in Champaign County. The 2017 year-end total in home sales was 2,882, a 4.79% decrease from the 3,027 total sales in 2016. The communities of Urbana and Mahomet (including surrounding region) saw more homes sold in 2017 than they did in 2016, while Champaign and Savoy (including surrounding region) saw a decrease. Homes sold quicker in 2017 than they did in 2016, with an average of 74 days in 2017 as compared to 80 the previous year.

 

The end results for the 2017 housing market reflect positively for this new year. Overall positive gains are predicted for 2018. Median home prices are forecasted to grow throughout the year. This is great news for sellers. And, as sellers see the higher prices, they will be more confident to sell. This results in increased inventory for buyers, especially with the upcoming spring season.

 

Work with an Experienced Realtor that can help you find your dream home at the perfect price in 2018! 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®

End of Year Housing Market Update for Champaign County!

by Rose Price

The new year has begun, giving us time to reflect on 2017. The stats for the housing market throughout Champaign County are in! November 2017 saw many changes in pricing and closed sales compared to the previous year. As the market progresses, it will be interesting to see what happens in 2018. The one thing you can be sure of....we will be here to up date you along the way!

 

Champaign County saw a 3.97% increase in average home sale price in November 2017 compared to November 2016, at $171,759 this year compared to $165,361. The  average home sale price year-to-date through November 2017 reached $174,796, which is a 2.45% increase from this period in 2016. The median home sale price (i.e. the typical market price where half the homes sell for more and half for less) for single family homes and condominiums was down 0.64% from $139,900 in November 2016 to $139,000 in November 2017. However, in terms of year-to-date through November 2017, the median home sale price in November of 2017 was up 3.45% at $150,000.

 

While sale prices increased, the total number of sales decreased. November 2017 saw 171 sales, down 19.72% from November 2016 at 213. The year-to-date sales through November 2017 was down 4.45% from last year. The communities of Mahomet and Monticello saw more homes sold in November of this year, as compared to contrast. Champaign, Savoy, and Urbana all experienced a decrease in sales. Homes sold in November stayed on the market for an average of 84 days, an increase up from 79 days during November 2016.

 

These discrepancies between November 2016 and November 2017 are not all that surprising. November 2016 experienced an unusual 10 year high sales boom. Demand for homes, especially amongst first time home buyers, continues to increase. The supply of home continues to have a hard time keeping up. And, although increased sale prices are good news for sellers, it makes it more difficult for buyers to find homes within their price range.  

 

2018 will continue to see higher prices as well as higher interest rates. If you need help navigating these changes within the Champaign County real estate market, work with an Experienced Realtor that can help you find your dream home at the perfect price! Winter continues to be a good time for buyers as competition decreases and sellers are more eager to close. So do not hesitate and take advantage of this down season!

 

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®

 

Our pets are part of the family and as such need the same care and concern as we all do during the frigid winter months.  Here are some excellent tips to keep your pet safe, secure and warm:

1. Never leave your pets outdoors for very long during freezing temperatures;  A short walk to do their business or a quick jog in the backyard.

2. After a walk, make sure to wipe down your pets paws, legs and underbelly for any salt pellets or deicing chemicals that could have attached.  These can cause great damage, especially in their paws.

3. Dress up your pup!  If your dog is amenable to wearing clothes dress them in a winter jacket and paw booties to protect them when they do need to be outside.

4. Many dogs are lost during the winter months.  Make sure you have your pet collared with contact info and if possible, a microchip implanted.

5. Always check your pups paws for signs of cold weather damage such as cracked paws or bleeding pads.  If you find this has happened, make a vet appointment immediately.

6. Pets should not be left unattended in a car during the cold winter months, just as they should not be left in a car during the hot summer.  Temperatures in a vehicle will plummet quickly in this weather.

7. Keep antifreeze and other winter chemicals away from and cleaned up so your pets do not come in contact with them  These poisonous chemicals can cause a fatal reaction.

8.  Dogs love to snuggle and be warm when they are sleeping or resting.  Give them additional options for warmth during the winter.

For more winter weather tips follow me on my Facebook page.

Wishing You A Very Happy New Year!

by Rose Price

As 2017 comes to an end and the New Year approaches, I want to THANK all of you for the faith and trust you have put in me to handle all your Champaign-Urbana area real estate needs this past year!


 

I have called the Champaign-Urbana area home for 20+ years and have loved every minute of it. I am so proud of my hometown. There is nothing I enjoy doing more than sharing all of the reasons why the Champaign-Urbana area is an incredible place to live with all of my past and present clients.


 

I look forward to all of the possibilities that 2018 will bring for all of us. Please contact me for any of your real estate needs in the New Year. As always, I am ready to make you a top priority and help you reach all of your goals in 2018.



Champaign Rose wishes all of you and your families a happy, healthy, & prosperous NEW YEAR!

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®

 

Does your family have a home escape plan in case of a fire?

by Rose Price

It's National Fire Prevention Week

Ensure your family's safety by following these critical safety tips:

1. Draw a map of your family home with every room included.

2. Plan two exit points for each room.

3. Keep all doorways & windows clutter free and clear of any obstacles.

4. Designate an outside meeting spot once all members have exited the home.

5. Practice your fire drill home exit plan with all family members.

6. Make sure to test all carbon monoxide and smoke detectors for full functionality.  Each room in the home should be equipped with these.

7. Do all family members know how to call the Fire Department?

8. Make sure your house numbers are clearly visible from the street...especially at night.

For more information and family tips, visit the National Fire Prevention Association.

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

Displaying blog entries 1-10 of 86

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