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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

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

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

120 North Neil Street

Activities

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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

The housing market for Champaign County saw strong gains during the month of October. According to the Champaign County Association of REALTORS®, total number of home sales, median home sale prices, and number of pending sales all saw an increase during the month as compared to the same month last year.

 

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It is anticipated that these trends in the market will continue, with the 2016 year expected to close out with a strong fourth quarter in Champaign County. Average days on the market are decreasing, meaning that homes for sale are moving quickly. Sellers can take advantage of this market trend as buyers are looking to move into their new home before the end of the year. This strong home sales market reflects overall economic trends in the area, including an expanding economy, strong job market, low interest rates, and many first time homebuyers.

 
 

These October numbers for Champaign County reflect the improving market nationwide. The National Association of REALTORS expects 2016 to finish out with the highest number of existing home sales since 2006. They predict that 2017 will continue to reflect growth in the number of home sales.

 

If you are interested in Buying or Selling in the Champaign/Urbana area, give Rose Price a call today or visit my website at http://www.champaignrose.com/.    

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

Congrats to Mt. Zion for being named on of the safest cities in Illinois!! Home security website Safewise recently released a ranking of the 100 safest cities, with a population over 5,000, in the state. The rankings were based FBI data which looked at the number of reported violent crimes per 1,000 residents and reported property crimes per 1,000 residents. Mt. Zion (population of 24,264) made it to the top of the list at #17 with a violent crime rate of 0.67 and property crime rate of 5.40.

A SAFE COMMUNITY is a primary factor in choosing where to buy a home. Mt. Zion’s commitment to safety is one of the many reasons why it is a great city to move to! Looking to build your dream home here? WOODBINE PARK PRAIRIE ESTATES is the perfect spot for you!

This 194-acre conservation community located in Mt. Zion offers endless possibilities for families. Live in a beautiful rural environment with plenty of opportunities for outdoor activities. The Woodbine Park Prairie Estates are filled with lakes, trails, and other common areas for residents to enjoy. The community is conveniently located in Mt. Zion school district and close to all the great amenities in the city. Lots are available from 1 to 10+ acres for you to custom build your dream home!

Let us help you make Woodbine Park Prairie Estates in Mt. Zion your haven! There are still several SITES available!

Contact Champaign Rose Real Estate by phone at (217) 202-8843 or at our website http://www.champaignrose.com/ to find your dream home in this amazing community!

 

Buying a new house is an exciting and important time! There is no better place to call home than CHAMPAIGN/URBANA! House hunting in a seller's market, though, adds more factors for you to consider during the process. Although the market might not be favoring buyers at the moment, there are many things that you can use to your advantage to help you buy your dream home! Look through the current HOUSE LISTINGS so I can help you begin this exciting journey, and follow these 6 useful tips for buyers in a seller's market.

WORK WITH AN EXPERIENCED AGENT. Eliminate some of the time and stress that comes with house hunting by working with an experienced real estate agent. Champaignrose  & Landmark Real Estate is here to help you find your dream home! Let me know exactly what you are looking for. I understand the Champaign/Urbana housing market, now what is available, and negotiate the best deal for your new home! Here is WHY BUYERS CHOOSE ME!

BE PREAPPROVED BY A LENDER. Get preapproval for a loan from a reputable lender that you can present to the seller. This shows that you are serious about buying the home and makes the seller feel more comfortable knowing that your finances are in order. If you already know that you can afford the home and have a high credit score, get this part of the process out of the way when you initially start your house hunting process. It can help you stand apart from the other buyers. For help with the kinds of loans that are available for you, check out our  FINANCE INFORMATION

BE DECISIVE IN MAKING AN OFFER. Buying a home is a major decision so being thoughtful about the home you make an offer on is imperative. But don’t get bogged down in over analyzing. Before you begin the house hunting process, be sure to know exactly what you are looking for in your dream home…price, location, and type. When you find a home that checks all of the factors you have previously determined, make an offer! You don’t want to miss out on your dream home due to overthinking.

MAKE YOUR BEST OFFER. Start with a strong opening offer. You should know the maximum that you are willing to pay. Set a BUDGET so you are fully area of what you can afford and can make more informed decisions. Although we all want to get the best deal possible, in a seller’s market competition is high. If you come in with too low of an opening offer, you could miss out on your dream home. Be aware of what other houses are on the market and the pricing of the homes in the area. This will help you determine what is an appropriate amount to negotiate for the house you want. Have a strong opening offer that you are comfortable with AND that will be acceptable to the seller.

PREPARE FOR A BIDDING WAR. Bidding wars inevitably cause stress for buyers. The fear of missing out on your dream home is understandable. However, competition in a seller’s market is high. Know what you are willing to pay and search for houses below your max budget. This will help you avoid spending more than you are comfortable with should you end up in a bidding war.

LEARN FROM YOUR MISTAKES. You might not get the first home that you make an offer on. In a seller’s market, it is likely that you will have to make several offers on homes before finding the perfect one for you. Recognize what happened with the transactions that don’t work out and learn from them. Stay true to what you want and realize that there are other options in the Champaign/Urbana that I will help you find!

Source: TRULIA

Boost Wintertime Curb Appeal for your Champaign IL Home!

by Rose Price

BOOST YOUR HOME'S CURB APPEAL DURING THE WINTER MONTHS!

It's easy to do with these simple steps:

1. YES....I'll Take Door Number One!

If you want to make a great impression & be remembered...start with your entry door. Even a fresh coat of paint with new hardware can make a statement! Go for a "pop" of a coordinating color and you're in for an amazing transformation!

2. BRING ON THE GREEN!

Evergreen shrubs look terrific in pots on the porch and can add a great boost to the look of your Entry way!

3. SAFETY FIRST....

Be sure your walkways are clear of snow and ice. It's that simple It prevents injuries due to slip and falls, and a shoveled or plowed driveway creates clean line that look great and imply your property is well cared for.

4. SAY GOOD-BYE TO MR. & MRS. CLAUS

Once we've reached the New Year it's time to take down the Christmas Decorations and neatly pack them away and store them for next year's festivities. Nothing is worse than a home that is on the market at the end of January...still sporting it's Christmas finest!

5. PORCHIFY!

Your porch is an excellent assest....Spring, Summer, Fall or WINTER! If you have the space, set out a Rocking Chair with a Cuddly Winter Throw or Bistro Set that is perfect for your home type that you can "stage" for the season. Let your prospective Buyers visualize what an evening during warmer months may be like spending time out there!

The "Spring" Home Selling season is HERE!! If you're considering putting your Champaign/Urbana Home on the market, the time is NOW! Use these tips to give the front of your home the extra WOW factor that will make Home Buyers want to get in the inside and take a tour!

For more Home Buying Tips give Champaignrose a call at 217-202-8843 or visit my website at champaignrose.com. You can also get great tips and ideas from my Facebook & Pinterest Page!

Top 100 School Districts in Illinois!

by Rose Price

Once again the Champaign/Urbana IL area has 3 area school districts that have earned spots on the highly coveted list of the TOP 100 SCHOOL DISTRICTS IN ILLINOIS for 2016! With 863 School Districts in Illinois, earning a spot on this list isn't an easy task, you have to be truly outstanding in virtually every category. For the 3 School Districts that have found their way to this list, I feel they exemplify this type of achievement in their school programs on a daily basis. These districts are:

URBANA SCHOOL DISTRICT #116

 

 

TUSCOLA COMMUNITY UNIT SCHOOL DISTRICT #301

 

MOUNT ZION COMMUNITY UNIT SCHOOL DISTRICT #3

 

 

 

 

THE TEN MOST COSTLY HOME SELLING MISTAKES & HOW TO AVOID THEM

by Rose Price

The Ten Most Costly Home Selling Mistakes & How To Avoid Them

Want to get the most money for your home?

Then avoid these costly mistakes.  

The past few years the American Real Estate Market has been marked with bad news, but it seems like most markets are have turned that around; Prices are increasing, there are historically low interest rates for buyers, and the past selling season was one of the best in recent years.  

BUT

Before you list…do a little research or list with an experienced LOCAL Real Estate Agent!  Knowledge is power!  To help you here is a list of the 10 most common sellers mistakes—avoiding these, can save you thousands of dollars!

1. Selling your Home on your own

Attempting to sell your home on your own is a brave move. Before you take that step, consider everything that you're going to need to know & do in order put your home on the market, market your home, get buyers into see your home, make sure you abide by all the regulations and state codes, negotiate possibly many things along the way, then set-up all the appropriate people who need to be involved in the sales process just to close.  You really do need the expertise of a professional. Don’t believe me?… Check the numbers, those won’t lie.  For instance, homes without representation remain on the market longer and end up selling at a lower price than those with a professional at the helm. A professional agent is also their to protect you every step of the way.  

2. Not Pricing Your Home Properly

Overpricing isn't good for you! Under-pricing isn't good either! Finding the sweet spot is what it's all about.  These can be costly errors on both ends.  It is absolutely critical to understand the local housing market. This is why you NEED the experience, knowledge and expertise of a LOCAL Real Estate Professional. And I'm distinguishing between a professional and a part-time, dabbling in real estate. A Professional, like myself, that has been working & living in the Champaign/Urbana market for 20+ years, continually works on updating their own knowledge of the Real Estate market on a whole...and more importantly, what's going on in the Champaign area. They can guide you to a successful sale and protect you & your asset along the way.

3. Neglecting Repairs

This is fairly black and white, you will lose money if you don’t remedy repairs before you list your house. It’s less costly to fix things ahead of time.  You don’t want potential buyers to see these problems during a tour of your home.  When they do, the negotiation process will begin and the price you're asking will come down. If they find something larger after the sale...they will come back to you.  

4. To Clutter or Not?

Clutter can kill a deal. So declutter...it's that simple.  Everywhere!  It will help your home feel more spacious. declutter the kitchen countertops,  declutter overstuffed closets,  declutter ALL of your shelves, declutter EVERYTHING! It wont’ cost a thing other than your time and a little elbow grease and it will have BIG benefits when it comes time to sell.  


5. Listing a Vacant House

Home Buyers generally like to see a home with furniture in it, it makes the home feel warm & lived in. If it's absolutely necessary that you list your home vacant, you may want to list the services of a Home Stager or make a small investment in a few pieces of rental furniture to make the house look "homey". Sources show that vacant homes do take longer to sell and usually sell for a lower selling price. So your small investment will most likely pay for itself when your house sells.  

6. Letting your personal feelings get in the way

Don’t take negotiating personally.  This is a business transaction, probably one of the biggest of your life.  Take your personal feelings and put them aside, or let your Real Estate agent handle the negotiations while you take a break from the room. 

7. Failing to complete a full set of disclosures

There are sellers who lose money simply because they were afraid to disclose their home’s imperfections. Always Be upfront and forthcoming about all of your home’s issues. It will save you money and time, especially if the buyers end up uncovering problems themselves, AND THEY WILL.  Don’t hide anything!

8. Timing the Sale of your Home

Even a sale that misses its schedule by one day can cost you tens of thousands in extra taxes. Don’t let this happen. Talk to your accountant in advance to determine if any long-term capital gains tax breaks apply, and then time your sale accordingly.

9. Overlooking extra Expenses at Closing

Home sellers burn thousands of dollars by not requesting and confirming a list of fees and expenses prior to closing. Review the Estimated Closing Cost statements with your real estate agent before it’s time to hand over the keys. Then, request these fees in advance of closing day.

10. Using Lousy Listing Photos

This is a big pet peeve of mine. Don’t expect to sell your home for top dollar if you’re using amateur photos in your listings.   More than 90% of all buyers start their home search online, so make sure your Listing Photos are excellent…This means A LOT OF GREAT PICTURES! First impressions are important, especially when selling a home.  You won’t get a second chance to make a GREAT IMPRESSION, so don’t skimp on your photos.  

Considering selling your home in the Champaign/Urbana Area?  If you'd like more tips on Selling Your Home give Rose Price  a call at 217.202.8843.  

Selling homes is my passion and I'd be happy to assist you with this exciting time in your life. 

Displaying blog entries 1-10 of 28

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