Market Update Fox Valley-November 24 2018
Market Update Fox Valley-November 24 2018. Fox Valley market for New Listings were way down this week. 90 this week compared to 199 last week. It is a short week with the Thanksgiving holiday so the numbers are way off what they usually are. Shopping for homes is put on the back burner while everyone is out looking for bargains for Christmas presents.
Closed homes is also way down this week. 122 this week compared to 204 last week. Only 3 days this week to set up closings so the numbers are way down. We have a full week next week and it is the last week of the month so these numbers will be higher next week.
Take a look at the communities with the most activity this week:
Aurora-New 12 $119,900-$349,900 Closed-25 $135,000-$460,000
Naperville-New 8 $259,900-$790,000 Closed-17 $229,900-$620,000
Plainfield-New 12 $195,000-$489,900 Closed-22 $199,000-$457,500
Contracts Accepted this Week
Contracts accepted this week were also down. 137 this week compared to 171 last week. Numbers were down but not too bad for such a short week.
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-14 Bolingbrook-15 Naperville-13
Plainfield-18 St Charles/Campton Hills-14
Short sales continue to remain low. 2 contracts accepted by Sellers this week compared to 6 last week. Now they will be submitted to the lender to see if they will also accept contract as written.
Sellers accepted contracts this week that are contingent on the close of the Buyers current home before purchasing. 2 with a kick-out clause of 72 hours and 7 with 48 hours.
Contracts were also accepted by Sellers that are contingent on the sale and closing on the Buyers current home. 1 with a kick-out clause of 72 hours, 4 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. We are here to answer all the real estate questions that you have. Our goal is to negotiate price and terms that are best whether buying or selling a home.
We can update the value of your home in the current market. Provide you with a net proceeds so you can see the expenses of selling your home so you know where you are at.
If you are thinking about purchasing a home you will need to talk to a loan officer to get pre-qualified. They will provide you with a letter that will go with an offer when you find a home. This letter needs to be in the last 30 days or it will need to be updated.
Things you might want to look up:
- Loans and the process
- VA loans and requirements
- Down payment assistance
- Illinois and some communities that offer assistance
- Current interest rates( your credit score will determine what interest rate you are offered)
- School ratings
Market Update Fox Valley-November 24 2018. We hope you had a wonderful Thanksgiving! 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