Market Update Fox Valley-March 31 2018
Market update Fox Valley-March 31, 2018. New listings were down this week. 227 this week compared to 324 last week. It is a holiday week. We should get back to normal next week. April should be a good month for new listings.
Closed listings were up this week. 221 this week compared to 182 last week. It is the last week of the month so that is to be expected.
Take a look at the communities with the most activity this week:
Aurora-New 25 $104,900-$485,000 Closed-23 $110,000-$430,000 Active-208 $59,000-$1,450,000 with 3 Auctions
Batavia-New-11 $160,000-$750,000 Closed-11 $204,000-$540,000 Active-83 $160,000-$3,995,000 with 2 Auctions
Bolingbrook-New-13 $184,900-$439,900 Closed-17 $135,000-$356,500 Active-98 $163,000-$649,000 with 3 Auctions
Minooka-New-15 $228,990-$298,235 Closed-3 $217,000-$245,000 Active-38 $175,000-$675,000
Naperville-New-38 $229,900-$1,119,000 Closed-35 $244,000-$1,775,000 Active-522 $216,000-$7,425,000
Oswego-New-12 $223,500-$349,990 Closed-10 $165,900-$350,000 Active-108 $119,900-$1,595,000
Plainfield-New-31 $179,900-$595,000 Closed-33 $169,000-$574,000 Active-250 $159,900-$1,195,000
St Charles/-New-17 $155,000-$940,000 Closed-18 $169,000-$785,000 Active-348 $109,900-$3,950,000
Yorkville/-New-4 $235,000-$418,500 Closed-12 $128,000-$475,000 Active-99 $179,500-$975,000
Contracts Accepted this Week
Contracts accepted this week were up. 321 this week compared to 301 last week. Inventory going into next week is down with more contacts accepted this week and New listings down. Buyers have less to choose from. If you have been waiting to put your home on the market April is the month you want to have it on the market.
Take a look at the communities that sellers accepted the most contracts this week:
Sandwich-10 St Charles/ Campton Hills-22
Short sales were consistent this week. 7 this week compared to 6 last week. Now they will be submitted to the lender to see if they will also accept the contract as written.
Sellers accepted contracts this week that are contingent on the buyers home closing. Buyers have accepted a contract on their current home but need to close before purchasing. 10 with a 72 hour kick-out clause, 12 with 48 hours and 6 with 24 hours.
Contracts were also accepted by sellers that are contingent on the buyers current home selling and closing. Buyers current home might or might not already be on the market. They have not accepted a contract. It needs to sell and close before purchasing. 2 with a 72 hour kick-out clause, 11 with 48 hours and 1 with 24 hours.
Our goal is to negotiate the price and terms that are best. We make it our business to find the perfect fit for your needs. Call us to do a market analysis on your home so you know what the value is in the current market. We will provide you with a net proceeds so you know the costs of selling your home.
If you are thinking about purchasing, your first step is to call your loan officer to see what you qualify for. We will need the letter they provide to go with an offer when you find a home. It needs to be no more than 30 days old.
Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. We will answer any questions that you have.
Market update Fox Valley-March 31 2018. Have a great week!
Kristine Heiman-Managing Broker
1444 N Farnsworth Ave Suite 104
Aurora, IL 60505