Market Update Fox Valley-December 15 2018
Market Update Fox Valley-December 15 2018. New single-family home listings were down this week. 119 this week compared to 175 last week.
Closings this week were down slightly. 152 this week compared to 164 last week. Next week is the last full week of the year without days off for the holiday.
Take a look at the communities with the most activity this week:
Aurora-New 16 $115,000-$295,000 Closed-20 $100,000-$450,000
Bolingbrook-New 12 $149,500-$300,000 Closed-11 $179,900-$449,000
Naperville-New 24 $218,900-$1,349,000 Closed-28 $250,000-$845,000
Plainfield-New 13 $159,900-$426,615 Closed-20 $176,100-$458,000
St Charles/Campton Hills-New 10 $234,900-$689,000 Closed-15 $100,000-$590,000
Contracts Accepted this Week
Contracts Accepted this week were slightly down. 126 this week compared to 138 last week. Not too bad for this close to the holidays.
Take a look at the communities this week that Sellers accepted the most contracts:
Aurora-22 Bolingbrook-10 Naperville-14
Plainfield-13 St Charles/Campton Hills-10
Short sales accepted this week by Sellers were the same as last week with 6 both weeks.These communities all had 1 each Aurora, Bolingbrook, Oswego, Plano, Sheridan & St Charles/Campton Hills. Now they will be submitted to the lender to see if they will also accept as written.
Sellers accepted contracts that are contingent on the closing of the buyers current home. 1 with a kick-out clause of 72 hours and 2 with 48 hours.
Contracts were also accepted by Sellers that are contingent on the sale and close of the Buyers current home. 3 with a kick-out clause of 72 hours, 3 with 48 hours and 4 with 24 hours.
You can expect these next couple of weeks to be slow except for maybe closings with the holidays so close. 2019 is expected to be similar to this year. Interest rates are inching a little higher but they are still good.
Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker with all your real estate questions. Our goal is to negotiate price and terms that are best whether buying or selling a home. We make it our business to find the perfect fit for your needs.
Let us update the current value on your home in today’s market. We will provide you with an estimate of expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms of the offer.
Thinking about buying? Your first step is to contact a loan officer to get pre-qualified so you know what price range you should be in. They will provide you with a letter that will go with an offer when you find a home.
You might want to check out:
- loans and the process
- VA loans and requirements
- current interest rates
- down payment assistance
- Illinois assistance and some communities
- school ratings
Market Update Fox Valley-December 15 2018. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
1444 N Farnsworth Ave, Suite 104
Aurora, IL 60505