Market Update Fox Valley-March 16 2019
Market update Fox Valley-March 16 2019. Spring market is picking up steam. 350 new listings of homes this week compared to 327 last week. You can see the difference when you look at it by the month.
- March so far-1,021
We still have 2 more weeks to go in March and we are almost to February numbers this week.
Closed homes this week were also up this week. 166 this week compared to 131 last week. January and February started out pretty slow but we are picking up now.
- March so far-540
We have already passed up the totals for the first two months of the year and we are not finished with March yet.
Take a look at the communities with the most activity this week:
Aurora-New 35 $90,000-$724,900 Closed-28 $70,000-$386,000
Bolingbrook-New 23 $169,900-$586,000 Closed-15 $118,000-$375,000
Geneva-New 12 $193,000-$2,450,000 Closed-5 $260,000-$371,500
Montgomery-New 18 $169,900-$309,990 Closed-9 $125,000-$288,619
Naperville-New 86 $319,900-2,490,000 Closed-22 $252,500-$1,155,000
Oswego-New 19 $149,900-$598,000 Closed-7 $215,786-$342,500
Plainfield-New 34 $124,900-$598,000 Closed-25 $170,000-$425,000
St Charles/Campton Hills-New 35 $219,000-$3,999,999 Closed-12 $141,000-$498,800
West Chicago-New 16 $179,000-$639,000 Closed-3 $130,000-$393,000
Yorkville-New 11 $177,000-$1,299,900 Closed-5 $215,000-$380,000
Contracts Accepted this Week
Contracts accepted were up slightly this week. 283 this week compared to 267 last week. More new listings coming on the market will increase these numbers as this month moves along. Take a look at the totals for each month so far.
- March so far-774
We are not done with March yet so we will exceed the totals for the months so far.
Take a look at the communities that Sellers have accepted the most contracts this week:
Aurora-37 Bolingbrook-17 Geneva-18 Naperville-47
Oswego-15 Plainfield-37 St Charles/Campton Hills-17 Sycamore-12
West Chicago-11 Yorkville-11
Short sales this week were similar to the week before. 9 this week compared to 8 last week. 4 were in Naperville this week, 2 in Aurora and 1 each in Bolingbrook, Plano and Yorkville.
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, 6 with 24 hours and 4 with 24 hours.
Contracts were also accepted by Sellers that the Buyer still has to sell their current home and close before purchasing. 3 with a kick-out clause of 72 hours and 4 with 48 hours.
Give us a call at 630-503-6555 with all of your real estate questions. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker. Our goal is to negotiate price and terms that are best whether you are selling or buying a home.
If you are thinking about selling this year now is the time to get it on the market. Spring market is the best time to sell. We can update the value of your home in the current market. Provide you with a net proceeds so you can see the expenses to sell. This will be updated when an offer comes in and we know all the terms.
Thinking about buying? Your first step is to contact a loan officer and find out what price range and type of loan will workout best for you. They will provide you with a letter that we need to put with an offer to show the Seller that you qualify for their home.
Check out some resources:
- different types of loans and the process
- VA loans and the requirements
- current interest rates
- down payment resources
- Illinois home assistance and some communities
- school ratings
Market update Fox Valley-March 16 2019. Have a great week!
Kristine Heiman-Managing Broker
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200 Webster St
Montgomery, IL 60538
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