Market Update Fox Valley-February 16, 2019
Market update Fox Valley-February 16 2019. New listings were down this week. 265 this week compared to 325 last week. That puts at 771 for the month so far. January New listings were 878 total so we are only halfway through the month and we have almost met last months total. They will keep picking up as we head into Spring market.
Closed listings were up this week. 118 this week compared to 84 last week. That puts us at 343 for the month so far. January Closed listings were 407 total. We have almost met that total as well. Closed listings should increase as we head into the end of the month when most Buyers like to close.
Take a look at the communities with the most activity this week:
Aurora-New 32 $118,000-$640,000 Closed-21 $90,000-$440,000
Bolingbrook-New 18 $149,000-$425,000 Closed-12 $138,500-$346,000
Geneva-New 14 $249,900-$779,900 Closed-4 $268,000-$387,000
Montgomery-New 10 $167,000-$309,000 Closed-4 $105,000-$242,500
Naperville-New 68 $225,000-1,050,000 Closed-17 $192,500-$550,000
Oswego-New 11 $230,000-$435,900 Closed-1 $160,000
Plainfield-New 22 $239,900-$625,000 Closed-14 $210,000-$385,000
St Charles/Campton Hills-New 24 $129,500-$1,400,000 Closed-9 $163,000-$760,000
West Chicago-New 11 $159,700-$645,000 Closed-5 $115,000-$320,000
Contracts Accepted this Week
Contracts accepted by Sellers this week were slightly up this week. 224 this week compared to 209 last week. That makes 614 accepted contracts so far this month. There were 608 contacts accepted by Sellers in the month of January. We have already past those totals. This gives you an idea of the closings that will be coming up if they make it through the process of inspections, attorney review and loans getting approved.
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-40 Bolingbrook-20 Geneva-11 Montgomery-14
Naperville-32 Plainfield-26 St Charles/Campton Hills-19 Yorkville-11
Short Sales accepted by Sellers this week were 6. Last week there was only 1. 2 were in Bolingbrook & Naperville this week and only 1 each in Montgomery & Yorkville. Now they will be submitted to the lender to see if they will also accept.
Sellers accepted contracts this week that are contingent on the closing of the Buyers current home. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.
Contingent contracts were also accepted by Sellers that the Buyers still need to sell and close on their current home. 4 with a kick-out clause of 72 hours and 3 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 whether you are buying or selling a home. We make it our business to find the perfect fit for your needs.
Now is the time to get your home on the market so you don’t miss out on the best time of the year to sell. Spring market is when it is the busiest of the year.
If you are thinking about buying a home you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for you.
Things to check out:
- Loans and the process
- VA loans and requirements
- Current interest rates
- Down payment assistance
- Illinois assistance and some communities
- School ratings
Market update Fox Valley-February 16 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538