Market Update Fox Valley-November 10 2018
Market update Fox Valley-November 10 2018. New listings of Single-Family homes were pretty consistent. 221 this week compared to 219 last week. There is still time to get into a new home before the end of the year.
Closed listings this week were down. 151 this week compared to 262 last week. That is the difference between end of the month and the beginning. Most Buyers want to close at the end of the month.
Take a look at the activity this week in the Fox Valley:
Aurora-New 33 $83,200-$429,000 Closed-24 $120,000-$461,000
Bolingbrook-New 18 $192,500-$422,900 Closed-16 $138,760-$400,000
Naperville-New 28 $294,500-$1,359,000 Closed-26 $244,000-$2,400,000
Plainfield-New 31 $179,900-$899,316 Closed-22 $172,000-$400,000
St Charles/Campton Hills-New 20 $249,900-$1,159,000 Closed-9 $150,000-$420,000
Contracts Accepted this Week
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-25 Bolingbrook-23 Naperville-22
Plainfield-18 St Charles/Campton Hills-15 Yorkville-16
Short sales still remain low. 6 contracts accepted this week compared to 3 last week. Now they will be submitted to the lender to see if they will also accept as written.
Geneva, Montgomery, Naperville, Plainfield, Plano and Warrenville each accepted 1 short sale this week by the Sellers.
Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 9 with a kick-out clause of 72 hours, 2 with 48 hours and 3 with 24 hours.
Contingencies on the sale and close of the Buyers current home were also accepted by Sellers. 6 with a kick-out clause of 72 hours, 4 with 48 hours and 3 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.
We can update the value of your home in the current market and provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in and we know all the terms.
Thinking about buying? You will need to contact a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for that will go with an offer when you find a home. This should be no older than 30 days.
Things to check out:
- Different types of loans and process
- VA loans
- Down payment assistance
- Illinois and some community assistance
- Current interest rates-your credit score will determine what you are offered
Let us know what questions you have.
Market update Fox Valley-November 10 2018. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
1444 N Farnsworth Ave, Suite 104
Aurora, IL 60505