Market Update Fox Valley-December 8 2018
Market Update Fox Valley-December 8 2018. Improved market this week! New listings this week 175 compared to 156 last week. We had to get past Thanksgiving and a snow storm.
Closings were down this week. 164 this week compared to 180 last week. That is the difference between the last week of the month to the first week of the month. These numbers should improve as we head into the end of the month and end of the year.
Take a look at the communities with the most activity this week:
Aurora-New 26 $85,500-$400,000 Closed-21 $110,000-$460,000
Batavia-New 5 $270,000-$359,900 Closed-12 $149,000-$909,220
Bolingbrook-New 10 $160,000-$324,000 Closed-12 $155,000-$362,500
Naperville-New 22 $224,900-$2,399,000 Closed-28 $190,525-$645,000
Plainfield-New 22 $224,900-$698,000 Closed-24 $208,000-$445,000
St Charles/Campton Hills-New 23 $164,900-$650,000 Closed-15 $227,000-$2,000,000
Yorkville-12 $267,060-$365,546 Closed-11 $175,000-$375,000
First 2 million dollar sale in Kane County this year! It was in St Charles and it was a cash deal.
Contracts Accepted this Week
Contracts accepted this week were slightly up. 138 this week compared to 128 last week. We just had to get past a holiday and a snow storm.
Short sales were also slightly up this week. 6 this week compared to 2 last week. They still remain low so that is a good thing. 2 of them were in Aurora. 1 each in Bolingbrook, Plainfield, St Charles/Campton Hills and Sycamore. 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 Buyer closing on their current home. 2 with a kick-out clause of 72 hours and 1 with 48 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 2 with 48 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. We make it our business to find the perfect fit for your needs.
Let us update the current value on your home in today’s market. We will provide you with a net proceeds that will show you an estimate of expenses. Let you know what you need to do to get your home market ready.
If you are thinking about purchasing a home your first step is to contact a loan officer and get pre-qualified. They will provide you with a letter that will go with an offer when we find a home. It will say what type of loan you are going for and how much you qualify for so a seller will feel comfortable accepting your offer.
Things you might want to check out:
- loans and the process
- VA loans
- current interest rates
- down payment assistance
- Illinois assistance and some communities
- School ratings
Market Update Fox Valley-December 8 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