Market Update Fox Valley September 16 2017
Market Update Fox Valley September 16 2017. New listings were down this week. 267 this week compared to 293 last week. That is not good for buyers that are out there waiting for something to come on the market to go view. Hopefully that will pick up this next week.
Closed listing this week were up. 188 this week compared to 176 last week. This number should go up as we get closer to the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 31 Closed 27
Batavia-New 14 Closed 8
Bolingbrook-New 22 closed 12
Geneva-New 20 Closed 17
Naperville-New 57 Closed 25
Oswego-New 17 Closed 12
Plainfield-New 25 Closed 15
St Charles-New 20 Closed 14
Yorkville-New 11 Closed 10
There are a lot of factors that go into choosing where you want to purchase. School districts seems to be a big factor. What a community has to offer for work & play. Access to major roadways to get to work. If you know that you will be moving again in the not to distant future you might want to think about a community that you know has a lot of activity consistently.
Market Update Fox Valley September 16 2017-Contract Accepted
Sellers this week accepted more contracts. 211 this week compared to 194 last week.
Home owners accepted a couple more short sales this week. 9 this week compared to 7 last week. Now that the owners have accepted them they will move on to the mortgage company to see if they will accept them. They do not always accept them. This takes time for them to accumulate information to make a decision.
Contracts were also accepted with a contingency that the buyer needs to close on their home before they can purchase. The buyers already accepted a contract on their home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with a 24 hour kick-out clause.
Sellers also accepted contracts that the buyer has not sold their home yet. They either have not put their home on the market yet or have but have not received and offer to accept yet. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hour kick-out clause.
We want to provide you with professional assistance whether you are purchasing or selling a home. Negotiate the best price and terms. Guide you through the process and get to a successful closing.
For information about loans and the process go to CFPB. We can give you a few loan officers to contact that we have successfully worked with so you can decide who you would like to work with. Down Payment Resource is another good place to see if you qualify. Request Home valuation.
Search for a home anytime. Call us at 630-503-6555 Jeff Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing broker ext 101 or you can use our contact form if you would like us to get back to you. Just let us know the best way to reach you.
Market Update Fox Valley September 16 2017-Best Homes Fox Valley