Cherry Hills (Champaign, IL)
By Shannon Lewis, Realtor, Broker - Champaign-Urbana, IL
(Beringer Realty)
Homes in Cherry Hills Subdivision in Champaign, Illinois Cherry Hills is a lovely, established subdivision located in southwest Champaign. The homes were built starting in the late 80s and continued into the 2000s. The winding roads throughout this neighborhood help keep the traffic at a minimum, and the aged trees give Cherry Hills a mature look, even though some residences are only a few years old. Like most neighborhoods in Champaign, Cherry Hills was designed to include a public park providing an easily accessible playground, picnic area, and green space for the residents. Some homes in this neighborhood also have the benefit of being situated next to a small community pond. The real estate in Cherry Hills is generally priced between the upper $100,000s to the upper $300,000s meanin...
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By Mark Waldhoff, GRI, CRS - Champaign/Urbana, IL
(Keller Williams Realty)
In a recent listing appointment in Cherry Hills I discussed the local absorption rate with the home owners as a component of their overall pricing strategy. More details on that example and how the it is calculated can be found here:  Home Update for Cherry Hills - Champaign, IL     In establishing the market value and recommended list price for a home I incorporate the following 3 components (at a miminum). The Absorption Rate - What is the overall supply and demand of homes for this segment of the market? What is the general range of $/sqft for sold homes?  This is used as a 'reality check' but not as a true guideline.  The goal here is to make sure that the house doesn't extremely stand out from the competition unless there is added value in the home. Comparative Market Analysis (CMA...
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Champaign, IL Real Estate Professionals