Market Update Fox Valley-January 19 2019
Market update Fox Valley-January 19 2019. Happy Saturday! Hope you had a great week. New listings this week were slightly down. 224 this week compared to 279 last week. The weather this last week was not too bad so that was not a factor like it will be next week with the snow and colder temps we are getting this weekend.
Closed listings this week were slightly up. 115 closed homes this week compared to 101 last week. These should increase as we get closer to the end of the month. January is not a fun month to move but if you find a home now and close in February or March you might have better weather. You just never know how it will work out. We really have had a mild winter so far.
Take a look at the communities with the most activity this week:
Aurora-New 27 $134,900-$609,000 Closed-17 $80,000-$492,500
Geneva-New 12 $299,900-$795,000 Closed-5 $237,500-$410,000
Naperville-New 52 $299,900-$6,095,000 Closed-19 $210,000-$1,320,000
Plainfield-New 26 $199,000-$549,900 Closed-12 $155,500-$350,600
St Charles/Campton Hills-New 30 $239,900-$799,000 Closed-10 $219,000-$732,000
Yorkville-New 17 $209,900-$1,200,000 Closed-2 $300,000-$595,000
Contracts Accepted this Week
Contracts accepted this week were up. 193 this week compared to 129 last week. That is great news! Buyers are still out there looking. You do not have to wait for Spring market to sell your home. If location, price and condition are just right it will sell.
Take a look at the communities Sellers accepted the most contracts:
Aurora-30 Bolingbrook-14 Naperville-38
Oswego-12 Plainfield-19 St Charles/Campton Hills-14
Short sales were slightly down this week. 5 this week compared to 8 last week. 1 each in Aurora, Bolingbrook, Geneva, Plainfield and West Chicago. 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 before purchasing. 4 with a kick-out clause of 72 hours and 3 with 48 hours.
Contracts were also accepted by Sellers that are contingent on the sale and closing of the Buyers current home before purchasing. 5 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 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. We just recently moved our office to 200 Webster St Montgomery, IL 60538. Stop in to see us!
Our goal is to negotiate price and terms that are best whether buying or selling your home. We make it our business to find the perfect fit for your needs. We will explain the process so you are comfortable. Assist you with finding a loan officer, home inspector and real estate attorney. You want a great team getting you to a successful closing.
Helpful things to checkout:
- Loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some community assistance
- School ratings
Market Update Fox Valley-January 19 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538