Savoy, IL

Recently we published our January 2012 Market Report for Champaign County IL. Here's the update specifically for the Village of Savoy:

Like the city of Champaign, Savoy experienced a drop in total listings and total home sales for 2011 compared to 2010 but saw a substantial increase in average sale price. Also impressive is the steady sale-to-list price ratio for Savoy (this number for both Urbana and Champaign has dropped to around 95%).

But by far the most fun statistic to report (yes, I'm a dork) has been the increase in pending sales. A pending sale is when a seller has agreed on a contract with a buyer, meaning a sale is in process and it will close usually within 30-45 days. In other words, the vast majority of pending sales will become closed sales in about a month. For two months in a row now, Savoy has seen a notable increase in pending sales. The hope, of course, is that this trend will continue throughout 2012.

For more local real estate information, check out our city of Champaign housing update and our city of Urbana housing update.

*Information is deemed reliable, but not guaranteed to be accurate. Statistics in this report were obtained through the Champaign County Association of Realtors®

Homes in Prairie Fields Subdivision, Savoy, Illinois

Prairie Fields subdvision in Savoy, Illinois attracts a variety of homebuyers for a great variety of reasons. At my most recent open house, several buyers cited Savoy's lower taxes as their reason for househunting in that neighborhood. Location and amenities are huge draws to future residents, as well.

One of the biggest attractions currently is the fact that a new elementary school is being built right in Prairie Fields. The new Carrie Busey Elementary School is set to open in the fall of 2012, and will be a state-of-the-art, LEED certified education building. See below for pictures of the site.

In addition the Prairie Fields Park offers a green space in the middle of the neighborhood providing an accesible area for children to play and residents to commune.

The homes in Prairie Fields range in age from about 12 or 13 years old to brand-new construction. Prices range from around $170,000 for a 3 bedroom zerolot to around $250,000 for a 4-5 bedroom home with over 2,000 square feet.

Scroll down for more pictures of Prairie Fields in Savoy!

Current Sales Statistics for Prairie Fields:

Homes for Sale in Prairie Fields: 15

• Average List Price: $213,310
  

Pending Sales: 6

Closed Sales in the last 6 months: 24

• Average List Price: $210,280
  
• Average Sale Price: $205,908
  
• Sale-to-List Price Ratio: 97.9%
• Average Days on the Market: 106

To view homes on the market in Prairie Fields, contact me today!

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Open House Sunday June 6th in Prairie Fields Subdivision, Savoy, Illinois

803 Bergamot, Savoy, Illinois

• 4-year-old home in beautiful neighborhood
• 4 bedrooms, 3.5 baths
• Open, modern floor plan
• 2-car attached garage
• Full, finished basement with additional 5th bedroom
• Wet bar in the basement for entertaining
• Large, fenced lot with playground and garden
• Master suite with vaulted ceilings
• And more!!!

Sunday June 6th, 2-4pm at 803 Bergamot in Prairie Fields, Savoy, Illinois (Just South of Champaign)

Directions: From Champaign, take 1st Street going south into Savoy. Take a right on Tomaras and continue until you reach a "T". Take a right onto Bergamot and the house is on the left.

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