2021 market update week 1. It is the first full week of 2021. New listings of single family homes almost doubled this week. 136 this week compared to 73 the week before. Now that we are past the holidays things should get rolling along.
Closed single family homes this week were slightly down. 167 this week compared to 178 the week before. Not too bad for the first week of the year. Last week buyers were trying to get closed before the end of the year.
Take a look at the communities that had the most activity this week:
Aurora-New 10 $145,000-$399,900
Batavia-New 2 $349,000-$479,900
Bolingbrook-New 2 $247,300-$269,900
Geneva-New 6 $174,900-$449,900
Naperville-New 39 $349,900-$10,500,000
Oswego-New 12 $289,900-$550,000
Plainfield-New 25 $250,000-$699,900
St Charles/Campton Hills-
Yorkville-New 4 $275,000-$699,900
I highlighted the communities with the most activity. You should be able to click on the photo to see all the communities with activity this week.
If you know you will be purchasing a home for a short time period you might want to stick to the communities that constantly have more activity. It all depends on the price range and what you are looking for.
Contracts accepted this week
This first week of 2021 saw buyers back out there again ready to write offers. Sellers accepted 159 contacts this week compared to 120 the week before.
Look at the communities sellers accepted the most contracts this week;
Plainfield-13 St Charles/Campton Hills-21
Only 1 short sale was accepted this week by a seller. It was in Sugar Grove. Now it will get submitted to the lender to see if they will also accept.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 1 with 48 hours and 1 with 24 hours.
Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and 3 with 48 hours.
Resources that might help you
Always check with your loan officer to see what offers they have to help, but these are also worth your time to check.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois homeowner assistance and some communities
- IDHA programs
If there is any other information that you are looking for just let me know I would be happy to point you in the right direction.
Do you need recommendations for loan officers, real estate attorneys or home inspectors? We can recommend a few that we have successfully worked with in in the past.
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 your home this year? Request a home valuation and give us a little information about your home. What updates you have recently completed and when you would like to get your home on the market. 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 so you can make a good decision.
If you are thinking about buying a home this year you will need to get some things together and contact a loan officer to get prequalified. 2 years of tax returns, pay stubs, bank statements, car payment information, credit card information and any other monthly expenses. Keep them in a folder. You will need to probably send this information again once you apply for a loan when you find a home. You will be given a letter from your loan officer showing the type of loan and price that you qualify for. We will need to send this with an offer when you find a home.
2021 market update week 1. Have a great week!
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101