Market Update Fox Valley-February 23 2019
Market update Fox Valley-February 23 2019. Consistent describes the market this last week. 261 new listings this last week and 265 the week before. The market is increasing as we head into Spring market though. So far January had 878 New listing and February 1,032 and we still have 5 more days to go.
Closed listings this last week were also consistent. 120 this week compared to 118 the week before. January there were 407 closed listings of homes and so far this month there have been 465.
Take a look at the communities that had the most activity this week:
Aurora-New 28 $125,500-$515,000 Closed-24 $72,000-$336,250
Batavia-New 11 $200,000-$525,000 Closed-1 $343,000
Bolingbrook-New 14 $177,900-$415,000 Closed-11 $136,500-$390,000
Geneva-New 18 $189,999-$750,000 Closed-4 $200,000-$658,500
Naperville-New 54 $275,000-$2,350,000 Closed-17 $299,423-$1,200,000
Oswego-New 18 $199,900-$1,200,000 Closed-7 $210,000-$469,028
Plainfield-New 31 $185,000-$799,900 Closed-11 $165,000-$465,000
St Charles/Campton Hills-New 25 $269,900-$1,295,000 Closed-11 $215,000-$460,000
Contracts Accepted this Week
Contracts accepted this week were also consistent. 218 this week compared to 224 the week before. January there were 608 contracts accepted and so far February has had 832. It gives you idea of the closings to come.
Take a look at the communities Sellers accepted the most contracts this week:
Aurora-29 Batavia-13 Bolingbrook-11 Montgomery-11
Naperville-41 Plainfield-29 St Charles/Campton Hills-22
Short sale contracts accepted this week are still low. 3 this week compared to 6 the week before. 1 each in Bolingbrook, Minooka and Plainfield.
Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 4 with a kick-out clause of 72 hours and 3 with 48 hours.
Contracts were also accepted by Sellers that are contingent the Buyer still needs to sell and close on their current home before purchasing. 3 with a kick-out clause of 48 hours and 1 with 24 hours.
This is an update of Single-Family homes. If you would like information on attached housing or Multi-units just let us know. We would be happy to give you that information. You can also go to a new prospecting tool that you can access information anytime you like.
Whether you are thinking of selling or buying a home our goal is to negotiate price and terms that are best.
We can update the value on your home and provide you with a net proceeds so you can see the expenses to sell.
IF you are thinking of buying you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for your situation.
Resources to check out:
- loans and the process
- VA loans and the requirements
- current interest rates
- down payment assistance
- Illinois assistance and some communities
- school ratings
Market update Fox Valley-February 23 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for homes today!
200 Webster St
Montgomery, IL 60538