Fox Valley Market Update-April 13 2019
Fox Valley market update-April 13 2019. Spring market is humming along. New listings of single family homes is up this week. 433 new homes on the market compared to 415 the week before.
April is usually the best month of the year to sell your home. Don’t miss out on this opportunity if you are thinking about making a move this year.
Take a look at the new listings of home so far this year:
- April so far-848
Buyers that are looking to purchase a home over $200,000 have a good selection to choose from. Under that price is still kind of hard to find. You might need to expand the areas that you are looking at.
Closed listings of homes is down this week. 174 this week compared to 202 the week before. This is not unusual. The last week of the month is when you will see the most.
Look at the year so far of closed listings of homes:
- April so far-374
If your home sold today you are looking at the end of May or beginning of June for a closing if the buyer is getting loan.
Here is the communities with the most activity this week and price range:
Aurora-New 47 $99,900-$995,000 Closed-33 $81,000-$499,900
Batavia-New 13 $209,900-$695,000 Closed-5 $199,900-$972,000
Bolingbrook-New20 $119,000-$449,000 Closed-13 $130,000-$400,000
Geneva-New 27 $279,108-$849,900 Closed-8 $314,000-$450,000
Montgomery-New 13 $160,000-$289,900 Closed-6 $165,000-$310,000
Naperville-New 115 $229,900-$2,500,000 Closed-30 $220,000-$1,130,000
Oswego-New 17 $227,000-$495,000 Closed-8 $235,000-$353,000
Plainfield-New 49 $129,000-$679,900 Closed-26 $175,000-$638,500
St Charles/Campton Hills-New 43 $139,900-$2,499,900 Closed-8 $187,000-$685,000
Sugar Grove-New 11 $199,900-$729,900 Closed-3 $190,000-$287,000
Sycamore-New 10 $140,000-$339,900 Closed-4 $61,000-$268,000
Yorkville-New 16 $214,900-$1,100,000 Closed-4 $177,000-$310,000
Contracts Accepted this Week
Contracts accepted by Sellers this week were up. 346 this week compared to 309 the week before. Buyers have more to choose from so these numbers will go up. Now is the time to get serious about looking for a home. Make sure you are pre-qualified and it is up to date. Your pre-qualification letter should be dated no more than 30 days or you will need to get it updated with your loan officer.
Here is a look at the numbers of the contracts that have been accepted so far this year:
- April so far-655
Here are the communities that have had the most contracts accepted by Sellers this week:
Aurora-44 Batavia-10 Bolingbrook-31
Montgomery-15 Naperville-56 Oswego-22
Plainfield-52 St Charles/Campton Hills-34 Yorkville-11
Short sales this week were exactly the same as last week. 5 for both weeks. This week there were 2 each in Bolingbrook and St Charles/Campton Hills. 1 in Montgomery.
Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 5 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 3 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 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 Selling or Buying a home. Let us know what questions you have. We will guide you through the process.
If you need recommendations for a real estate attorney, home inspector, loan officer or information about Radon we will be happy to provide ones we have successfully worked with.
Resources for you to check out:
- loans and the process
- VA loans and the requirements
- down payment assistance
- Illlinois home assistance and some communities
- current interest rates
- school ratings
Fox Valley Market update-April 13 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
Here is a different search tool that will let you see a birds eye view of homes so you can see if it has a back yard, on a corner lot or what else is for sale in the neighborhood. Try it out and email us and let us know how you like it.