Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018.  Improved market this week!  New listings this week 175 compared to 156 last week.  We had to get past Thanksgiving and a snow storm.

Closings were down this week.  164 this week compared to 180 last week. That is the difference between the last week of the month to the first week of the month.  These numbers should improve as we head into the end of the month and end of the year.

Take a look at the communities with the most activity this week:

Aurora-New 26 $85,500-$400,000                                               Closed-21 $110,000-$460,000

Batavia-New 5 $270,000-$359,900                                              Closed-12 $149,000-$909,220

Bolingbrook-New 10 $160,000-$324,000                                     Closed-12 $155,000-$362,500

Naperville-New 22 $224,900-$2,399,000                                     Closed-28 $190,525-$645,000

Plainfield-New 22 $224,900-$698,000                                         Closed-24 $208,000-$445,000

St Charles/Campton Hills-New 23 $164,900-$650,000               Closed-15 $227,000-$2,000,000

Yorkville-12 $267,060-$365,546                                                  Closed-11 $175,000-$375,000

First 2 million dollar sale in Kane County this year! It was in St Charles and it was a cash deal.

Contracts Accepted this Week

Contracts accepted this week were slightly up. 138 this week compared to 128 last week.  We just had to get past a holiday and a snow storm.

Short sales were also slightly up this week. 6 this week compared to 2 last week.  They still remain low so that is a good thing.  2 of them were in Aurora.  1 each in Bolingbrook, Plainfield, St Charles/Campton Hills and Sycamore.  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 Buyer closing on their current home.  2 with a kick-out clause of 72 hours and 1 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours and 2 with 48 hours.

Contact us

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. 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 a net proceeds that will show you an estimate of expenses.  Let you know what you need to do to get your home market ready.

If you are thinking about purchasing a home your first step is to contact a loan officer and get pre-qualified.  They will provide you with a letter that will go with an offer when we find a home.  It will say what type of loan you are going for and how much you qualify for so a seller will feel comfortable accepting your offer.

Things you might want to check out:

Market Update Fox Valley-December 8 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

630-503-6555

besthomesfv@gmail.com

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