Market Update Fox Valley March 17 2018
Closed listings this week were up. 187 closed this week compared to 111 last week. These numbers should go up as we head closer to the end of the month.
Take a look at the communities with the most activity this week:
Aurora–New 42 $134,990-$549,900 Closed-34 $57,000-$499,000 Active-213 $59,000-$1,450,000 with 5 auctions
Bolingbrook–New 22 $185,000-$405,500 Closed-7 $160,000-$369,000 Active-104 $168,000-$599,000 with 1 auction
Geneva–New 13 $254,900-$1,450,000 Closed-10 $206,000-$825,000 Active-128 $189,000-$1,750,000
Naperville–New 78 $225,000-$1,400,000 Closed-24 $210,000-$875,000 Active-518 $216,000-$7,425,000
Oswego–New 16 $197,500-$599,900 Closed-6 $215,000-$340,000 Active-108 $159,900-$1,790,000
Plainfield–New 41 $159,900-$1,079,000 Closed-24 $145,000-$675,000 Active-271 $159,900-$2,399,000
St Charles/–New 28 $199,500-$1,295,000 Closed-13 $210,000-$740,000 Active-356 $109,900-$3,950,000
Yorkville/–New 12 $223,990-$599,900 Closed-12 $90,000-$360,000 Active-100 $178,500-$975,000
Contract Accepted this week
Contract accepted by seller this week were also very consistent. 321 this week compared to 316 last week. This means the market continues to be strong. Buyers need to be on the ball and ready to go or they will miss out.
Take a look at the communities with the most activity that sellers accepting contracts:
Batavia-11 North Aurora-10
Montgomery-16 St Charles/Campton Hills-28
Short Sales this week 9 compared to 12 last week. Now they will be submitted to the lender to see if they will also accept contract as written.
Sellers accepted contracts that are contingent on the close of the buyers current home. The buyers have already accepted a contract on their current home but need to close before purchasing. 9 with a kick-out clause of 72 hours, 11 with 48 hours and 4 with 24 hours.
Contract were also accepted by sellers that are contingent on the sale and close of the buyers current home. The buyers home might or might not already be on the market. They need to sell their current home and close before purchasing. 5 with a kick-out clause of 48 hours and 3 with 24 hours.
The market is very busy. If you are thinking about buying a home you first need to get pre-approved with a lender so you know what price range you are qualified for. We need to present your pre-approval letter with an offer when you find the home you like. If it is more than 30 days old it needs to be updated. You might miss out on a home waiting for these so you need to be ready.
Thinking about selling this year? Now is the best time of the year with the most buyers out there looking. Don’t miss out on the best market time of the year. Let us take a look at your home to see what needs to be done to get it market ready.
Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. You can also go to our website below to fill out a contact form if you would like us to get back to you.
Check out down payment resource, current interest rates or loans and the process. If your credit score needs work talk to your loan officer. They can help you with what works best to bring your score up. The higher your score the better interest rate you will get. If you need names and phone numbers of loan officers. We can provide you with a few to contact so you can decide who you want to work with.
Market update Fox Valley March 17 2018. Have a great week! Let us know how we can help you or someone you know.
Kristine Heiman-Managing Broker
1444 N Farnsworth Ave Suite 104
Aurora, IL 60505