Savoy, IL Real Estate News

By Shannon Lewis, Realtor, Broker - Champaign-Urbana, IL
(Beringer Realty)
Prairie Fields Subdivision - Savoy, IL The village of Savoy in Champaign County, Illinois has in recent years become home to an increasing number of residents. According to the 2000 census, the population was 4,476 people. By 2010, it was up to 7,280! Prairie Fields has emerged as one of the most desired neighborhoods in Savoy with homes ranging in age from brand-new to around 15 years old. In addition to single-family homes there are condos and zerolots to choose from with prices for a home ranging from the upper $100,000s to the upper $200,000s. Most homes have between 2,000 to 3,000 square feet with 3 to 5 bedrooms. A centralized neighborhood park has long been a valued feature of Prairie Fields. But in the two years since my last blog on Prairie Fields, a new, long-awaited neighbor...
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By Shannon Lewis, Realtor, Broker - Champaign-Urbana, IL
(Beringer Realty)
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 m...
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By Shannon Lewis, Realtor, Broker - Champaign-Urbana, IL
(Beringer Realty)
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 pla...
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By Shannon Lewis, Realtor, Broker - Champaign-Urbana, IL
(Beringer Realty)
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.     View Larger Map
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