Market Update Fox Valley September 30 2017. Sellers were a little more confident in the market this week. 271 New homes listed this week compared to 266 last week. Buyers will be looking at them to see condition, location and if they are priced right.
The last week of the month is usually when we see the most closed homes and this week showed that. 260 homes closed this week compared to 194 last week. Unless you are paying in cash it just makes sense to close towards the end of the month so you bring in less cash to closing.
The chart above shows you the communities that we are tracking in the Fox Valley. It also shows you how many homes were listed in each community and the minimum and maximum prices. It also shows you how many closed homes in each community with the minimum and maximum price sold.
Some communities have more activity than others. Take a look at the communities with the most activity this week:
Aurora-New 26 Closed 40
Bolingbrook-New 22 Closed 18
Geneva-New 16 Closed 13
Montgomery-New 11 Closed 22
Naperville-New 58 Closed 36
Oswego-New 11 Closed 18
Plainfield-New 24 Closed 35
St Charles-New 19 Closed 17
West Chicago-New 12 Closed 3
Yorkville-New 13 Closed 9
Size of the community will be a factor in activity. Also if a community is growing or is known for having great schools. Near major roadways and jobs also factor in. Let us know the communities that you are looking at and we can set you up to receive homes that come on the market in real time so you don’t miss out on anything.
Market Update Fox Valley September 30 2017-Contracts Accepted
Market Update Fox Valley September 30 2017-Contract Accepted. Contracts accepted this week were down a little from last week but not much. 217 this week compared to 229 last week. The market is staying pretty consistent. No real changes.
No contracts on short sales were reported this week. Last week there were 8. There are still some listed but not as many as in years past which is a very good thing.
Contracts were accepted by sellers that are contingent on the buyers closing on their current home. The buyers have already accepted a contract on their home. 5 of them have a kick-out clause of 72 hours, 11 with 48 hours and 2 with 24 hour kick-out clause.
Sellers also accepted contracts that are contingent on the buyers selling their home. The buyers may or may not already have their home on the market. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with kick-out clause of 24 hours.
Market Update Fox Valley September 30 2017-Contact Us
Contact us with all of your real estate questions. If you are thinking about selling your home we can provide you with a home valuation to let you know the value in today’s market. We will talk to you about what needs to be done to get it market ready. The best strategy to market and negotiate the best price and terms.
Are you thinking about moving in the next 6 months? Now is the time to get in touch with a loan officer to check your credit and see if there is anything you need to work on so you get the best interest rate. You can go to CFPB to learn about the different types of loans and the process. Down Payment Resource is another place to check to see if there is any help for you. We can recommend loan officers that we have worked with successfully
You can search for homes anytime. We encourage you to keep an eye on the market. You can call us at 630-503-6555 we would be happy to set you up to receive listings as they hit the market in the area that you prefer. Jefferey Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. We make it our business to find the perfect fit for your needs.
Best Homes Fox Valley Market Update Fox Valley September 30 2017