Fox Valley Market Update-April 20 2019
Fox Valley market update-April 20 2019. New listings of single family homes this week were way down. 341 this week compared to 433 the week before. This is most likely due the the holiday. They might want to wait for showings to start after the holiday because of going out of town or company coming into town.
New listings by the month so far:
- January-878
- February-1,032
- March-1,731
- April so far-1,189
Closings were slightly up this week. 208 this week compared to 174 the week before. We are getting closer to the end of the month so these numbers will rise as we head closer to the end of the month.
Closings by the month so far:
- January-407
- February-465
- March-915
- April so far-582
Take a look at the communities with the most activity this week:
Aurora-New 48 $65,700-$609,600 Closed-35 $100,000-$395,000
Bolingbrook-New 27 $154,000-$389,900 Closed-12 $147,000-$365,000
Geneva-New 11 $185,000-$750,000 Closed-8 $255,000-$459,000
Naperville-New 55 $232,500-$1,999,000 Closed-44 $245,000-$1,080,000
Oswego-New 22 $190,000-$429,900 Closed-14 $190,000-$381,000
Plainfield-New 46 $159,900-$997,000 Closed-24 $132,500-$480,000
St Charles/Campton Hills-New 34 $189,000-$899,900 Closed-14 $151,000-$520,000
West Chicago-New 12 $200,000-$514,999 Closed-6 $235,000-$500,000
Yorkville-New 14 $210,000-$524,750 Closed-6 $214,900-$373,900
Contracts Accepted this Week
Contracts accepted this week were very consistent. 341 this week compared to 346 the week before. That is good news!
Contracts accepted so far by the month:
- January-608
- February-832
- March-1,375
- April so far-996
Fox Valley market is steadily improving. It is still a great time to get your home on the market!
Take a look at the communities that Sellers accepted the most contracts:
Aurora-36 Bolingbrook-25 Geneva-19
Montgomery-16 Naperville-73 Oswego-20
Plainfield-41 St Charles/Campton Hills-27 Yorkville-11
Short sales accepted by Sellers was slightly up this week. 7 this week compared to 5 last week. We are happy to see this numbers remain low. This week there were 3 accepted in Naperville, 2 in Aurora and 1 each in Bolingbrook and Sheridan.
Contracts were also accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing. 7 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.
Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing. 1 with a kick-out clause of 72 hours and 5 with 48 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 selling or buying a home.
Your first step if you are thinking about purchasing is to get in touch with a loan officer to get pre-qualified. They will let you know what price range you should stay in and what type of loan will work out best for you. If you have not considered buying a home because the rules have been too strict for your situation it is worth your time to call to see. New loans with assistance and no documentation loans are now available. Do you need a recommendation for a loan officer to contact? Just let us know and we will make some recommendations.
If this is the year you are thinking about selling now is the best time of the year to sell. We will update your market value and provide you with a net proceeds that shows an estimate of expenses so you know where you are at. This will be updated when an offer comes in and we know all the terms so you can make a good decision.
Resources to check out:
- different types of loans and the process
- VA loans and requirements
- current interest rates
- down payment assistance
- Illinois home assistance and some community assistance
- school ratings
Fox Valley market update-April 20 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555
A new search tool that you should take a look at. I like this one because you can see a bird’s eye view and see if the home has a backyard, on a corner lot or what else is for sale in the neighborhood and the prices.