Market Update Fox Valley-May 26 2018
This week was lower with new listings. 329 this week compared to 425 last week. I hope new listings pick up after the holiday weekend.
Closed listings were up this week. 322 this week compared to 259 last week. There is 3 more days next week of the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 44 $84,900-$989,000 Closed-43 $73,300-$1,459,000 Active-270 $75,900-$1,450,000 with 4 Auctions
Batavia-New 4 $180,000-$625,000 Closed-12 $210,000-$451,000 Active-89 $179,000-$1,210,000
Bolingbrook-New 17 $155,000-$599,000 Closed-30 $109,000-$493,000 Active-115 $149,900-$699,999
Geneva-New 11 $293,500-$739,900 Closed-15 $206,500-$515,000 Active-150 $170,000-$1,695,000
Minooka-New 10 $129,900-$380,000 Closed-2 $190,000-$245,000 Active-50 $129,900-$1,195,000
Montgomery-New 17 $179,500-$280,000 Closed-10 $188,000-$294,500 Active-71 $149,900-$343,000
Naperville-New 67 $279,900-$1,199,000 Closed-62 $220,000-$1,270,000 Active-642 $209,900-$6,888,000 with 2 Auctions
North Aurora-New 6 $189,900-$429,900 Closed-10 $160,000-$340,000 Active-67 $167,000-$595,000
Oswego-New 13 $204,900-$485,000 Closed-12 $185,000-$475,000 Active-113 $183,900-$1,595,000
Plainfield-New 41 $150,800-$2,200,000 Closed-35 $206,00-$530,000 Active-318 $150,800-$2,200,000 with 1 Auction
St Charles-New 36 $239,000-$3,495,000 Closed-27 $185,000-$675,000 Active-432 $102,900-$3,895,000 with 1 Auction
Sycamore-New 7 $147,000-$349,500 Closed-11 $118,000-$598,650 Active-60 $129,900-$519,900
Yorkville-New 18 $129,900-$439,900 Closed-16 $184,000-$343,250 Active-139 $129,900-$974,000
Contracts Accepted This Week
Sellers accepted a little more contracts this week. 330 this week compared to 309 last week. It has been a good Spring Market even with low inventory. This is the best time to sell if you want to close during the summer months. You will still have time to enjoy summer in your new home.
Take a look at the communities that sellers accepted the most contracts this week:
Aurora-49 Bolingbrook-29 Geneva-15
Montgomery-14 Naperville-59 Oswego-17
Plainfield-34 St Charles-33 Yorkville-12
Short sales contracts were also down this week. Only 1 this week last week there were 2. Now they will be submitted to the lender to see if they will also accept as written.
Sellers accepted contracts with a contingency on the close of the buyers home. Buyers have already accepted a contract on their home but need to close before purchasing. 6 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.
Contracts were also accepted with contingencies on the sale and close of the buyers home. Buyers home might or might not currently be on the market. They still need to sell their home and close before purchasing. 3 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.
That wraps up the activity for the week in the Fox Valley area. Let us know what questions that you have.
Give us a call 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.
We would be happy to do a market analysis on your home to let you know the current value and to give you and estimate of the costs to sell. It will help you decide if now is the right time for you.
If you are just starting to look for a home your first step is to talk to a loan officer to get preapproved. The loan office will give you a letter showing what you qualify for. This will go with an offer when you find the right home so the sellers knows that you are a good buyer for their home. You can learn about the different types of loans and the process.
You might be interested in the current interest rates right now. Your credit score will determine the interest rate that you will receive. Most loan officers will help you with your credit score if you need to work on it.
Your down payment will be determined by what type of loan you choose and how much money you want to put down. There are programs out there and down payment assistance. Are you a police officer, teacher or fireman? Some communities also offer assistance. Check with the community website.
Market update Fox Valley-May 26 2018. Have a great holiday weekend and stay safe! Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley -Search for homes today!
1444 N Farnsworth Ave Suite 104
Aurora, IL 60505