Market Update Fox Valley-December 22 2018
Market update Fox Valley-December 22 2018. New listings were up this week. 134 this week compared to 119 last week. Most communities saw lower new listings this week than normal. Oswego new listings were higher than normal.
Closed listings this week were slightly higher. 167 this week compared to 152 last week. This was the last full week of 2018. Next week with the holiday there will only be 3 business days. We will see if the the numbers go up next week with people trying to close before the end of the year.
Take a look at the communities with the most activity this week:
Aurora-New 22 $60,000-$599,900 Closed-28 $91,035-$370,000
Bolingbrook-New 10 $174,900-$359,900 Closed-14 $119,000-$430,000
Naperville-New 8 $289,000-$759,000 Closed-17 $282,500-$1,178,029
Oswego-New 32 $249,900-$414,480 Closed-9 $200,000-$540,156
Plainfield-New 11 $174,900-$413,777 Closed-22 $179,101-$515,000
St Charles/Campton Hills-New 8 $310,000-$1,350,000 Closed-14 $152,900-$810,000
Contracts Accepted this Week
Contracts accepted this week were almost the same as last week. 121 this week compared to 126 last week. People are still buying even throughout the holidays. No it is not Spring market but things have not stopped completely.
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-26 Naperville-19 Plainfield-18
Short sales were down this week. 4 this week compared to 6 last week. We are so happy to see these numbers remain low. Now they will be submitted to the lender to see if they will also accept contract as written.
Sellers accepted contracts this week that are contingent on the closing of the Buyers current home. 2 with a kick-out clause of 48 hours.
Contracts were also accepted by Sellers that are contingent of the sale and closing of the Buyers current home. 1 each with a kick-out clause of 48 hours and 24 hours.
Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. W make it our business to find the perfect fit for your needs.
If you are thinking 2019 is the year you would like to make a move we will update the current value on your home and provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.
Have you been thinking about buying a home? Your first step is to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best for you. They will provide you with a letter showing what you qualify for that will go with an offer when you do find the right home.
Things 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 22 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