Fox Valley Market Update May 18 2019

Fox Valley Market Update May 18 2019

Fox Valley market update May 18 2019.  New listings of single family homes picked up this week.  438 this week compared to 402 the week before.

2019 New listing  of single family homes in the Fox Valley market by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May so far-1,243

We still have 2 weeks to go in May!  Now is a great time to be out looking at homes with more new listings coming on the market everyday.

Closed listings this week were also up.  246 this week compared to 212 the week before.  These numbers should increase as we head into the end of the month when most Buyers want to close.

2019 Closed listings of single family homes in the Fox Valley by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May so far-759

May will pass up April in both New listing and Closed listings.

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

Aurora-New 49 $99,000-$635,000                                             Closed-40 $119,900-$685,085

Batavia-New 16 $100,000-$750,000                                          Closed-5 $229,900-$620,000

Bolingbrook-New 29 $167,900-$699,900                                  Closed-21 $132,300-$388,500

Geneva-New 19 $227,900-$825,000                                          Closed-7 $190,000-$531,500

Montgomery-New 9 $109,900-$295,000                                    Closed-10 $122,350-$269,900

Naperville-New 113 $209,000-$1,225,000                                Closed-40 $232,166-$1,100,000

Oswego-New 21 $154,900-$964,000                                         Closed-18 $120,000-$380,000

Plainfield-New 44 $189,900-$799,999                                       Closed-29 $140,000-$455,000

Plano-New 12 $160,000-$385,000                                            Closed-5 $50,000-$247,410

St Charles/Campton Hills-New 36 $228,900-$1,375,000           Closed-17 $230,000-$800,000

West Chicago-New 10 $104,900-$600,000                                 Closed-6 $210,000-$450,000

Yorkville-New 18 $172,500-$599,900                                         Closed-9 $212,500-$367,500

Contracts accepted this week

Fox Valley Market Update May 18 2019-Contracts accepted this week

Contracts accepted this week by Sellers of single family homes was slightly up this week.  307 this week compared to 302 the week before.  We love consistency!

2019 look at contracts accepted of single family homes in the Fox Valley by month:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May so far-947

Very exciting time for both Buyer and Seller!  Now the process to get to closing.  Let us help you to get on this list and guide you to closing.  If you are thinking about purchasing you need to get pre-approved with a loan officer.  Thinking about selling?  We can show you what your home is worth in today’s market and show you what the outcome might look like.

Communities this week that Sellers accepted the most contracts:

Aurora-42                           Bolingbrook-30                              Geneva-11

Montgomery-10                  Naperville-59                                  Oswego-20

Plainfield-34                       Plano-10                                         St Charles/Campton Hills-18

Short sales this week accepted by Sellers were half of last week. 2 this week compared to 4 the week before. 1 each in Oswego & West Chicago.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  9 with a kick-out clause of 72 hours, 22 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home.  4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 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.  Let us know what questions you have and how we can help you with your real estate goals.

Resources to check out:

Fox Valley market update May 18 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

besthomesfv@gmail.com

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