Market Update Fox Valley-November 3 2018
Closed listing this week were significantly up. 262 this week compared to 192 last week. Monday, Tuesday and Wednesday were the last 3 days of the month. Buyers like to close the end of the month so they bring less interest to closing.
Take a look at the communities with the most activity this week:
Aurora-New 42 $75,000-$529,500 Closed-52 $90,000-$523,000
Bolingbrook-New 16 $155,000-$389,900 Closed-24 $160,000-$381,500
Geneva-New 10 $265,000-$624,900 Closed-7 $150,000-$651,000
Montgomery-New 5 $148,000-$289,222 Closed-13 $152,700-$320,000
Naperville-New 38 $200,000-$1,750,000 Closed-37 $181,500-$1,385,000
Oswego-New 12 $149,900-$389,900 Closed-12 $125,000-$375,000
Plainfield-New 19 $178,500-$699,900 Closed-34 $160,000-$412,500
St Charles/Campton Hills-New 27 $130,000-$2,585,000 Closed-15 $175,000-$597,000
West Chicago-New 10 $115,000-$390,000 Closed-9 $153,000-$457,703
Yorkville-New 5 $229,990-$259,000 Closed-10 $145,000-$314,600
Contracts Accepted this Week
Take a look at the communities that Sellers accepted the most contracts this week:
Aurora-23 Bolingbrook-11 Naperville-20
Plainfield-27 St Charles/Campton Hills-10
Short sales are still very low. 3 accepted this week compared to 6 last week. Now they will be submitted to the lender to see if they will also accept as written.
Sellers accepted contracts with a contingency of Buyers closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.
Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home. 3 with a kick-out clause of 72 hours and 7 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 buying or selling a home.
If you are thinking about selling a home let us update the value in the current market and provide you with a net proceeds so you have an idea of expenses to sell.
Learn more from these links:
- Down payment assistance
- Illinois and some community assistance
- current interest rates
- different types of loans and process
- VA loans
Thinking about buying? You will need to contact a loan officer to get qualified. They will let you know the type of loan that is best and what price range you should stay in. You will be provided with a letter that will go with an offer when you find a home.
The interest rate you are offered will be determined on your credit score. If you need to work on it they can help you to do the right things to bring it up.
Market update Fox Valley-November 3 2018. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
1444 N Farnsworth Ave, Suite 104
Aurora, IL 60505