How many homes closed 2,000 square feet or more week 34
How many homes closed 2,000 square feet or more week 34. This is one way to search homes that you are looking for if you know less than 2,000 square feet will not work for you. We will let you know how this week went shortly.
New listings of single family homes was down this week. 221 this week compared to 256 the week before. So many people are getting the kids in school this past week. It is a big adjustment especially for the kids that did not attend in-person school last year. Hopefully things will settle down and get back to thinking about housing.
Closed listings of single family homes were also down. 273 this week compared to 299 the week before. This is the last full week of the month. Monday and Tuesday the last days of the month. We are back to scheduling things around school. During last year with the pandemic, and kids not attending in-person classes, people were not worrying about the school schedule.
Take a a look at the communities with the most activity this week:
Aurora-New 33 $167,500-$690,000
Bolingbrook-New 17 $195,000-$415,000
Geneva-New 5 $349,900-$474,000
Montgomery-New 8 $212,000-$300,000
Naperville-New 37 $285,000-$1,300,000
Oswego-New 11 $249,000-$549,000
Plainfield-New 31 $249,000-$774,400
St Charles-New 13 $265,000-$990,000
Yorkville-New 12 $219,900-$515,000
Financing, median price and 2,000 or more square feet
Median list price this week $355,000, same as the week before. Closed median price this week $355,000, last week $359,900. Prices are not changing that much right now.
Homes closed using Conventional Financing this week 199, last week 218. Cash homes that closed this week 33, last week 24.
Homes closed using FHA financing this week 34, last week 47. VA financing this week 7, last week 10
Out of 273 homes that closed this week 166 of them were 2,000 square feet or more with a median closed price of $423,550, and list price $419,900. The minimum closed price $207,000 with minimum list price $199,900. This gives you an idea of what 2,000 square feet costs you here in the Fox Valley area of Illinois.
Contracts accepted this week
Contracts accepted this week were down. 286 this week compared to 300 the week before. Hopefully after the adjustment of getting back in the routine of school things will go back to normal. The market is not down that much.
Look at the communities with the most contracts accepted this week:
Plainfield-46 St Charles-19
Sycamore-10 West Chicago-14
No short sales were accepted this week.
Seller’s accepted contracts that are contingent on the buyer to close on their current home. 7 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.
2021 by the month and a look back at 2020 and 2019
Month New Closed Contracts accepted
January 543 649 829
February 561 604 778
March 993 1099 1455
April 1006 926 1387
May 1088 1228 1289
June 1450 1686 1671
July 1118 1182 1210
August 1109 1203 1170
Totals 7868 8577 9789
January 1105 566 858
February 1267 529 1024
March 1186 707 1079
April 648 786 775
May 1352 1010 1444
June 1232 908 1534
July 1417 1453 1852
August 1037 1335 1436
Totals 9244 7294 10002
January 878 407 568
February 1032 463 832
March 1731 915 1375
April 1594 792 1307
May 1645 995 1280
June 1643 1253 1218
July 1423 1008 1090
August 1585 1330 1196
Totals 11531 7163 8866
More homes have been closed this year than the previous 2 years even with a tighter market. You can see the steady decline in new listings. Normally, August is the best month for closings right before school starts. This year it was June. It has been a really hard year for buyer’s. They have had so much competition for homes and not many to choose from. Prices have gone up so much that some have been priced out of the market. We hope inventory will improve.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Thinking about selling before the holidays? Request a home valuation and tell us a little bit about your home and what improvements have been recently completed. We will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.
Do you want to buy a home this year? You need to contact a loan office that is willing to pre approve you before you find the home. You need to get them all your financial information. Pre-qualifying just is not enough anymore. You need to be ready to go with a letter in hand to go with an offer. A seller will not consider you without it. You might also need to show proof of funds. You can have your financial institution write a letter showing you do have the funds available for the down payment and closing costs. That might even improve your chances if there is multiple offers.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
If you need recommendations for loan officer’s, real estate attorney’s or home inspector’s we can give you a few of each and you can decide who you want to work with.
How many homes closed 2,000 square feet or more week 34. Have a great week!
Designated Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101