Market Update Fox Valley-March 23 2019
Market update Fox Valley-March 23 2019. New listings of homes this week were consistent with last week. 359 this week compared to 350 last week.
New listings so far this year:
- March so far 1,380
We still have 8 days left of the month. You can see how things are progressing. Spring is here and the weather is starting to improve. If you want to sell this year now is the time to do it.
Closed listings of homes this week were slightly up. 175 this week compared to 166 last week. These numbers will increase next week because it is the last full week of the month. That is when most Buyers want to close.
Closing so far this year:
- March so far-715
The numbers for March might double February totals.
Take a look at the activity this week:
Aurora-New 40 $100,000-$498,000 Closed-25 $125,000-$572,000
Batavia-New 13 $172,500-$585,000 Closed-3 $112,000-$455,000
Bolingbrook-New 24 $225,000-$475,000 Closed-17 $152,500-$442,000
Elburn-New 10 $267,900-$995,000 Closed-3 $282,000-$450,000
Geneva-New 14 $294,900-$975,000 Closed-11 $190,000-$1,000,000
Montgomery-New 17 $145,000-$314,900 Closed-10 $129,000-$269,900
Naperville-New 80 $250,000-$1,590,000 Closed-23 $270,000-$1,450,000
Oswego-New 18 $180,000-$539,000 Closed-7 $258,000-$473,404
Plainfield-New 38 $179,900-$699,990 Closed-26 $165,000-$890,000
St Charles/Campton Hills-New 34 $174,900-$1,995,000 Closed-9 $200,000-$441,000
West Chicago-New 11 $188,000-$479,900 Closed-5 $155,000-$331,000
Yorkville-New 14 $224,900-$1,049,900 Closed-9 $200,000-$455,000
Contracts Accepted this Week
Contracts accepted this week were up. 304 this week compared to 283 last week. These numbers will continue to go up if the inventory of homes continues to go up.
Take a look at the numbers so far this year:
- March so far-1,078
The numbers are steadily rising.
Take a look at the communities Sellers accepted the most contracts this week:
Aurora-50 Bolingbrook-25 Geneva-10 Naperville-52 Oswego-19
Plainfield-44 St Charles/Campton Hills-20 West Chicago-13 Yorkville-13
Short Sales this week were half of what they were the week before. 4 this week compared to 9 the week before. There were 2 in Aurora and 1 each in Plainfield and Sandwich.
Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 11 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. 6 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. Our goal is to negotiate price and terms that are best whether you are buying or selling a home.
Let us update the value of your home in the current market and provide you with an estimate of net proceeds that shows you the expenses to sell. We will update this when an offer comes in and we know all the terms.
If you are thinking about purchasing a home your first step is to call a loan officer to get pre-qualified. If you need recommendations we can provide you with some.
Resources 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
Market update Fox Valley-March 23 2019. Have a great week! Let us know what questions we can answer for you.
Kristine Heiman-Managing Broker
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200 Webster St
Montgomery, IL 60538
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