Market Update Fox Valley
Market Update Fox Valley-December 29 2018. This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday. New listings were way down. 81 new listings this week compared to 134 last week. The last new listings for 2018. 2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out. Fresh paint in neutral colors makes the home feel clean and fresh. Let us tell you what needs to be done to get it market ready.
Closed listings were also way down with only 3 business days to close. 99 this week compared to 167 last week. The end of the closings for 2018. Now to loo kforward to 2019. Holidays will be over and the market will get back to normal. Spring market is just around the corner.
Take a look at the communities with the most activity this week:
Aurora-New 8 $119,000-$384,500 Closed-17 $90,100-$371,000
Bolingbrook-New 7 $189,900-$385,000 Closed-15 $155,000-$374,000
Naperville-New 12 $299,900-$1,199,000 Closed-7 $327,500-$490,000
Contracts Accepted this Week
Contracts accepted this week were also down. 89 this week compared to 121 last week. Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday. The 2nd week of January we should get back to normal.
Take a look at the communities that accepted the most contracts this week:
Aurora-14 Naperville-16 Plainfield-13
There were no short sales accepted this week by Sellers. Last week there were 4.
Sellers accepted contracts this week that are contingent on the Buyers current home closing before purchasing. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.
Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing. 5 with a kick-out clause of 72 hours, 1 each with 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 buying or selling a home. We make it our business to find the perfect fit for your needs.
Thinking of selling? Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.
If you are thinking about purchasing you need to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best.
Things to check out:
- Loans and process
- VA loans and requirements
- current interest rates
- down payment assistance
- Illinois assistance and some communities
- School ratings
Market Update Fox Valley-December 29 2018. Have a happy and safe New Year! 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