Market Update Fox Valley-February 2 2019
Market update Fox Valley-February 2 2019. New listings were lower this week 181 new listings this week compared to 209 last week. Not too bad with the sub zero temperatures we had for 3 days this week.
Closed listing almost doubled. 141 closing this week compared to 82 last week. Unbelievable that some of these closings still happened with the sub zero temperatures we had for the last 3 days of the month. These people will definitely remember their closing and moving day!
Take a look at the communities with the most activity this week:
Aurora-New 20 $112,000-$440,000 Closed-25 $134,900-$365,000
Bolingbrook-New 11 $162,500-$625,000 Closed-13 $110,000-$405,000
Naperville-New 38 $210,000-$2,850,000 Closed-14 $219,000-$912,356
North Aurora-New 11 $239,000-$449,900 Closed-3 $224,900-$305,000
Oswego-New 10 $218,000-$374,900 Closed-8 $149,000-$680,000
Plainfield-New 16 $219,900-$558,900 Closed-22 $206,000-$652,500
St Charles/Campton Hills-New 17 $140,000-$1,189,000 Closed-8 $116,000-$1,175,000
Yorkville-NEw 10 $215,000-$399,900 Closed-6 $250,000-$446,294
Contracts Accepted this Week
Contracts accepted this week were slightly higher this week. 181 contracts accepted this week compared to 172 last week. Sub zero temperatures did not keep people from making decisions on buying or selling. Applications like Docusign have really helped with getting signatures when it is not possible to get them in person. Some of these might have been postponed because of the weather.
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-30 Bolingbrook-16 Naperville-31
Oswego-14 Plainfield-21 St Charles/Campton Hills-11
Short sales were down this week. 1 this week compared to 3 last week. The 1 was in Aurora. 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 Buyer closing on their current home before purchasing. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 4 with a kick-out clause of 72 hours and 4 with 48 hours.
The market is still moving along. Spring market is just around the corner. Now might be the best time to sell with less competition.
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.
We can update the value of your home in the current market and provide you with a net proceeds that shows the expenses to sell. This will be updated when an offer comes in and we know all the terms. Let you know what you need to do to get your home market ready.
If you are thinking about buying a home you need to talk to a loan officer to get pre-qualified. They will tell you the best type of loan and the price range you should be looking in. The type of loan will determine what condition of the homes you should be looking at.
Things you should check out:
- loans and the process
- VA loans and requirements
- down payment assistance
- Illinois home assistance and some communities
- current interest rates
- school ratings
Market Update Fox Valley-February 2 2019. Have a great week!
Kristine Heiman-Manging Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538