Market Update Fox Valley-December 29 2018

Posted on December 29, 2018 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley

Market Update Fox Valley-December 29 2018. This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday. New listings were way down. 81 new listings this week compared to 134 last week. The last new listings for 2018. 2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out. Fresh paint in neutral colors makes the home feel clean and fresh. Let us tell you what needs to be done to get it market ready.

Closed listings were also way down with only 3 business days to close. 99 this week compared to 167 last week. The end of the closings for 2018. Now to loo kforward to 2019. Holidays will be over and the market will get back to normal. Spring market is just around the corner.

Take a look at the communities with the most activity this week:

Aurora-New 8 $119,000-$384,500 Closed-17 $90,100-$371,000

Bolingbrook-New 7 $189,900-$385,000 Closed-15 $155,000-$374,000

Naperville-New 12 $299,900-$1,199,000 Closed-7 $327,500-$490,000

Contracts Accepted this Week

Contracts accepted this week were also down. 89 this week compared to 121 last week. Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday. The 2nd week of January we should get back to normal.

Take a look at the communities that accepted the most contracts this week:

Aurora-14 Naperville-16 Plainfield-13

There were no short sales accepted this week by Sellers. Last week there were 4.

Sellers accepted contracts this week that are contingent on the Buyers current home closing before purchasing. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing. 5 with a kick-out clause of 72 hours, 1 each with 48 hours and 24 hours.

Contact us

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. We make it our business to find the perfect fit for your needs.

Thinking of selling? Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing you need to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best.

Things to check out:

Market Update Fox Valley-December 29 2018. Have a happy and safe New Year! 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

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-December 22 2018

Posted on December 22, 2018 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-December 22 2018

Market update Fox Valley-December 22 2018. New listings were up this week. 134 this week compared to 119 last week. Most communities saw lower new listings this week than normal. Oswego new listings were higher than normal.

Closed listings this week were slightly higher. 167 this week compared to 152 last week. This was the last full week of 2018. Next week with the holiday there will only be 3 business days. We will see if the the numbers go up next week with people trying to close before the end of the year.

Take a look at the communities with the most activity this week:

Aurora-New 22 $60,000-$599,900 Closed-28 $91,035-$370,000

Bolingbrook-New 10 $174,900-$359,900 Closed-14 $119,000-$430,000

Naperville-New 8 $289,000-$759,000 Closed-17 $282,500-$1,178,029

Oswego-New 32 $249,900-$414,480 Closed-9 $200,000-$540,156

Plainfield-New 11 $174,900-$413,777 Closed-22 $179,101-$515,000

St Charles/Campton Hills-New 8 $310,000-$1,350,000 Closed-14 $152,900-$810,000

Contracts Accepted this Week

Contracts accepted this week were almost the same as last week. 121 this week compared to 126 last week. People are still buying even throughout the holidays. No it is not Spring market but things have not stopped completely.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-26 Naperville-19 Plainfield-18

Short sales were down this week. 4 this week compared to 6 last week. We are so happy to see these numbers remain low. Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the closing of the Buyers current home. 2 with a kick-out clause of 48 hours.

Contracts were also accepted by Sellers that are contingent of the sale and closing of the Buyers current home. 1 each with a kick-out clause of 48 hours and 24 hours.

Contact us

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. W make it our business to find the perfect fit for your needs.

If you are thinking 2019 is the year you would like to make a move we will update the current value on your home and 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.

Have you been thinking about buying a home? Your first step is to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best for you. They will provide you with a letter showing what you qualify for that will go with an offer when you do find the right home.