Market Update Fox Valley-January 5 2019
Market Update Fox Valley-January 5 2019. New listings this week more than doubled last week. 166 this week compared to 81 last week. That is with another short week this week too. Holidays are over so it is time to get busy! We have had a mild winter so far. Today was absolutely gorgeous! Sunny and 51 degrees.
Closed listings this week were also up. 109 this week compared to 99 last week. Not bad for a short week and the beginning of the month. They will increase as the month goes along.
Take a look at the communities with the most activity this week:
Aurora-New 22 $104,000-$474,900 Closed-24 $91,798-$329,000
Bolingbrook-New $234,900-$385,000 Closed-8 $235,000-$355,000
Naperville-New 32 $289,995-$1,800,000 Closed-11 $290,000-$585,000
Oswego-New 10 $114,900-$539,900 Closed-3 $198,900-$335,000
Plainfield-New 17 $149,900-$495,000 Closed-17 $145,000-$360,150
St Charles/Campton Hills-New 14 $244,900-$959,000 Closed-11 $264,500-$500,000
Yorkville-New 12 $247,995-$595,000 Closed-3 $239,900-$263,750
Contracts Accepted this Week
Contracts accepted this week were up slightly. 114 this week compared 89 last week. Not bad for 2 short weeks in a row. Buyers are still out there. If a home is priced right for location and condition it will sell.
Take a look at the communities that had the most contracts accepted:
Short sales accepted by Sellers were slightly up. 4 this week compared to 0 the week before.The communities were 1 each in Montgomery, Naperville, Plainfield and West Chicago. Now they will be submitted to the lender to see if they will also accept contract as written.
Contracts were accepted that are contingent on the Buyer closing on their current home before purchasing. 4 with a kick-out clause of 48 hours.
Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing. 2 with a kick-out clause of 72 hours and 3 with 48 hours.
We recently moved our office. We are now at 200 Webster St Montgomery, IL 60538. You can call us at 630-503-6555 and ask for Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.
We have been told that the next 3 years will be similar to this last year. If 2019 is the year you would like to make a move we would love to help you. Our goal is to negotiate price and terms that are best whether buying or selling a home. We will guide you through the process once a contract is written and accepted.
Your first step to purchasing is to contact a loan officer to get pre-qualified. They will let you know the price range and type of loan that will work out best for you.
If you are going to sell your current home we will update the value in today’s market and provide you with an estimate of expenses. This will be updated when a contract comes in and we know all the terms.
Things to check into:
- loans and the process
- VA loans and requirements
- current interest rates
- down payment assistance
- Illinois down payment assistance and other communities
- School ratings
Let us know what questions that you have.
Market Update Fox Valley-January 5 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538