Market Update Fox Valley-March 2 2019
Market Update Fox Valley-March 2 2019. Spring market is here! We went into high gear this week. 344 new listings of homes this week compared to 261 last week. January saw 878 new listings of homes, February saw 1,032 and this week 344.
Closed listings this week were also up. 243 this week compared to 120 the week before. Most of those were the end of the month of February. January saw 407 closing for the whole month, February saw 465.
Take a look at the communities that had the most activity this week:
Aurora-New 42 $49,900-$429,000 Closed-48 $80,000-$583,000
Batavia-New 13 $199,000-$799,900 Closed-5 $175,000-$717,850
Bolingbrook-New 17 $159,900-$439,900 Closed-16 $179,000-$367,500
Geneva-New 16 $289,000-$725,000 Closed-10 $165,000-$599,900
Naperville-New 80 $255,000-$1,850,000 Closed-32 $225,000-$1,191,800
Oswego-New 12 $194,900-$354,900 Closed-19 $157,000-$515,000
Plainfield-New 37 $169,900-$749,900 Closed-25 $174,000-$565,000
St Charles/Campton Hills-New 29 $219,900-$1,975,000 Closed-15 $195,000-$602,500
West Chicago-New 19 $129,900-$799,000 Closed-12 $108,000-$532,000
Yorkville-New 11 $214,900-$369,500 Closed-8 $191,000-$285,000
If you are thinking about buying or selling this year now is the time! Don’t miss out on Spring market.
Contracts Accepted this Week
Contracts accepted this week were up slightly up. 224 this week compared to 218 last week. There are more homes on the market now to view so these numbers should go up next week. You need to be ready to go just in case you find a home. Your pre-qualifying letter should be no more than 30 days old. If it is, contact your loan officer to update it.
Take a look at the communities Sellers accepted the most contracts this week:
Aurora-31 Bolingbrook-18 Geneva-10 Montgomery-10 Naperville-37
Oswego-14 Plainfield-27 St Charles/Campton Hills-13 West Chicago010
Short sales accepted by Sellers were about the same. 2 this week compared to 3 last week. Both of them were in Bolingbrook.
Sellers accepted contracts that are contingent on the Buyer closing on their home before purchasing. 5 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling their current home and closing before purchasing. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.
Call us at 630-503-6555 with any questions you have or advise on what you need to do to get your home ready to sell. We can provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when a offer comes in and we know all the terms of the offer.
If you are thinking about buying the first step is to get pre-qualified with a lender to see what type of loan and what price range will work for you so you don’t fall in love with a home that will not work.
Resources for you to check out:
- loans and the process
- VA loans and the requirements
- current interest rates
- down payment assistance
- Illinois home assistance and some community assistance
- school ratings (important to buy in a good school district even if you do not have children)
Market Update Fox Valley-March 2 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538