Turnberry Ridge Subdivision (Champaign, IL)
Turnberry Ridge Subdivision (Champaign, IL) Real Estate News
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Turnberry Ridge Subdivision, Champaign, IL - Real Estate Market Update
Mark Waldhoff, GRI, CRS - Champaign/Urbana, IL (Keller Williams Realty)

Turnberry Ridge Subdivision - Champaign, IL

 

Turnberry Ridge Real Estate Market Update:

The following data was compiled from the CCAR MLS as of 8/22/2008

Closed Sales of Single Family Homes


Year Average List Price Average Sale Price Median List Price Average Days on Market # of Closed
Sales
List Price to Sale Price Ratio
2005 $209,042 $220,820 $229,900 50 15 98.2%
2006 $223,756 $217,725 $219,900 60 16 97.3%
2007 $224,509 $219,664 $229,900 40 11 97.8%
2008
Closed
YTD
$232,440 $222,500 $222,500 94 11 98.29

Similar to it's next door neighbor, Glenshire Subdivision, activity in Turnberry Ridge has picked up since our last market report.  5 home sales have closed since 5/23/08 bringing new neighbors and friends to the subdivision.
The average days on market for a home has greatly extended from 2007 but the number of sales, average sale price and LP/SP ratio all remain strong.  A home seller in Turnberry Ridge can expect to obtain over 98% of their asking price on average. 
The biggest concern for a home seller in today's market continues to be accurate and effective pricing to entice Buyers to view and make offers on their property. 
There are currently 6 actively listed homes in Turnberry averaging 76 days on market at an average sale price of $220,267.  This DOM stat has dropped quite a bit from our last update and is influenced by the 5 closings since May. 
There is still plenty of time left in the year for homes to sell but the prime window of opportunity is coming to a close as August wraps up.  If you are considering a sale you'll want to get things moving quickly and have your home in top condition as soon as possible. 

Interested in suggestions or advice in getting your home ready?  Check out these Seller Resources for more info.

Mark Waldhoff - CRS, GRI, ePro

Keller Williams Realty - Champaign, IL

www.ChampaignExperts.com  - Champaign County's Home for Real Estate

www.ChampaignValues.com - Find Champaign County Property Values

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1st Floor Bedroom, 3 Car Garage, 2500sqft - 1301 Cobblefield, Champaign
Mark Waldhoff, GRI, CRS - Champaign/Urbana, IL (Keller Williams Realty)
Mark Waldhoff CRS, GRI, ePro | Keller Williams Realty | 217-239-7114
1301 Cobblefield, Champaign, IL
First floor bedroom & full bath, 3 car garage, corner lot, 2 blocks from city park and more and more and more!
4 Bdrm Single Family House
offered at $239,900
Year Built 2000
Sq Footage 2,500
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 2
Parking 3 Car garage
Lot Size 11,000 sqft
HOA/Maint $125 per month

DESCRIPTION

Everything you want in a single package! You'll enjoy this spacious and open floor plan and its multitude of amenities. The 1st floor features a full bath and bedroom as well as office with french doors. The bright & roomy kitchen leads into the open eat-in area and family room with fireplace. Upstairs you'll find an oversized master suite (with walk-in closet) & BR's 3 & 4. Did we mention the 3-car garage and city park less than 2 blocks away? Don't miss out on this one!

Find more detailed information at www.ChampaignExperts.com

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Hardwood floor
Tile floor Family room Living room
Office/Den Dining room Breakfast nook
Dishwasher Refrigerator Stove/Oven
Microwave Stainless steel appliances Washer
Dryer Laundry area - inside Balcony, Deck, or Patio
Yard

COMMUNITY FEATURES

Garage parking

ADDITIONAL PHOTOS

Seller contact info:
Mark Waldhoff CRS, GRI, ePro
Keller Williams Realty
217-239-7114
For sale by agent/broker

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Posted: Mar 2, 2008, 11:58am PST

Mark Waldhoff - CRS, GRI, ePro

Keller Williams Realty - Champaign, IL

www.ChampaignExperts.com  - Champaign County's Home for Real Estate

www.ChampaignValues.com - Find Champaign County Property Values

Champaign, IL Real Estate Professionals
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