Fox Valley Market Update June 1 2019
Fox Valley market update June 1 2019. New listings of single family homes were down this week. 359 this week compared to 402 the week before. Holidays do have an impact. It was a shorter week with Memorial Day on Monday this last week. Most schools are now out so things will get back to normal.
2019 new listings of single family homes by the month:
Closings this week of single family homes were up this week. 296 this week compared to 236 the week before. End of the month is when most buyer’s want to close.
Closings of single family homes in 2019 by the month:
May has turned out to be the best month so far for new listings and the amount of closings in the Fox Valley. We are looking forward to starting a new month!
Take a look at the communities with the most activity this week:
Aurora-New 38 $130,000-$925,900 Closed-38 $78,000-$420,000
Batavia-New 18 $215,000-$599,000 Closed-8 $249,900-$630,000
Bolingbrook-New 25 $175,000-$529,000 Closed-16 $161,000-$586,000
Geneva-New 14 $299,000-$949,900 Closed-10 $181,000-$2,100,000
Montgomery-New 14 $179,900-$325,000 Closed-20 $141,000-$303,000
Naperville-New 77 $310,000-$999,000 Closed-50 $241,000-$2,374,029
Oswego-New 15 $192,000-$944,000 Closed-15 $100,000-$940,001
Plainfield-New 40 $194,999-$620,000 Closed-30 $148,000-$425,000
St Charles/Campton Hills-New 32 $185,000-$1,095,000 Closed-23 $180,000-$774,000
West Chicago-New 11 $209,900-$699,900 Closed-10 $179,900-$420,000
Yorkville-New 13 $223,000-$549,900 Closed-12 $156,000-$485,000
Contracts accepted this week
Contracts accepted of single family homes this week were down. 285 this week compared to 333 the week before. Now that the holiday is over things should get back to normal.
2019 contracts accepted of single family homes by the month:
The end of June and into July should have a good number of closings. May is the best month so far for activity in the Fox Valley.
Take a look at the communities that seller’s accepted the most contracts:
Aurora-39 Bolingbrook-23 Montgomery-15 Naperville-50
Oswego-23 Plainfield-37 St Charles/Campton Hills-25
Accepted contracts on short sales of single family homes was also down. 2 this week compared to 4 the week before. There was 1 each in Montgomery and Naperville.
Contracts were accepted on homes that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.
Seller’s also accepted contracts on homes that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 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.
Now that school is out it is a great time to get your home on the market. Hopefully we are coming to the end of all the rain we have been having so you can get your yard and flower beds in shape to welcome buyers.
Resources to check out:
- Loans and the process
- VA Loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings
Fox Valley market update June 1 2019. Have a great week! Let us know what questions you have.
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
Try a different way of searching. Click on the satellite view so you can see if the home has a yard, is on a corner lot or any other homes for sale there and how much.