Market Update Fox Valley-March 9 2019
Market update Fox Valley-March 9 2019. Spring market is here and pretty consistent so far. 327 new listings of homes this week compared to 344 last week.
- January total new listings of homes-878
- March so far 671
We are only 9 days into March and look at it compared to January. We are on our way at passing up the totals for February as well.
Closed homes this week were down but that is to be expected with the beginning of the month. 131 this week compared to 243 last week.
- January closed homes-407
- March so far 374
The numbers should increase as the month continues. You do not want to miss this market if you are wanting to sell this year. It is time to get your home on the market.
Take a look at the communities with the most activity this week:
Aurora-New 32 $132,000-$585,000 Closed-25 $80,000-$385,000
Batavia-New 13 $210,000-$875,000 Closed-4 $219,000-$475,000
Bolingbrook-New 22 $134,900-$539,000 Closed-9 $155,000-$325,000
Geneva-New 13 $239,000-$819,900 Closed-7 $255,000-$363,500
Naperville-New $84 $289,900-$1,569,000 Closed-21 $295,500-$955,000
Oswego-New 22 $172,500-$1,000,000 Closed-6 $212,000-$725,000
Plainfield-New 36 $159,900-$695,000 Closed-13 $154,100-$540,000
St Charles/Campton Hills-New 28 $100,000-$3,895,000 Closed-7 $275,000-$1,000,000
Contracts Accepted this Week
Contracts accepted this week were higher than last week. 267 this week compared to 224 last week. Increased inventory really helped with these numbers this week.
- January contracts accepted 608
- February 832
- March so far 491
We are definitely passing up January numbers and are already passed the halfway mark with February numbers. March should be a fantastic month if new homes continue to come on the market. Inventory of homes to show buyers has been an issue for the last couple of years.
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-44 Bolingbrook-24 Montgomery-13 Naperville-54
Oswego-13 Plainfield-25 St Charles/Campton Hills-18
Short sale contracts accepted this week by Sellers increased this week. 8 this week compared to 2 last week. 1 each in Aurora, Bolingbrook, North Aurora, Plano, St Charles/Campton Hills and Sugar Grove. 2 in Montgomery.
Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 5 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.
Call us at 630-503-6555 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101
Are you thinking about selling? We will update the value of your home for today’s market. We will provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.
Thinking about buying a home? Your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best. They will provide you with a letter showing what you are pre-qualified for and that will go with an offer when you find the right home.
Resources to check out:
- loans and the process
- VA loans and the requirements
- current interest rates
- down payment assistance
- Illinois home assistance and some communities
- school ratings (important even if you will not have kids in school)
Market update Fox Valley-March 9 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
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