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
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:
- 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 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
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