Market Update Fox Valley-April 6 2019

Market Update Fox Valley-April 6 2019

Market update Fox Valley-April 6 2019.  The market continues to improve.  New listing this week were up.  415 new single family homes listed compared to 351 last week.  As you can see, if you are looking for a home above $200,000 you have a better chance of finding something that fits your needs.  If you are below that you have to look a little harder or expand the communities that you are looking in.

So far this year the new listing have continued to increase:

  • January-878
  • February-1,032
  • March-1,731
  • April- so far 415

Closed listings this week were consistent with the week before.  202 this week compared to 200 the week before.  Usually the first week of the month are lower.  Most buyers want to close at the end of the month.

So far this year the closing have also increased:

  • January-407
  • February-465
  • March-915
  • April- so far 200

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

Aurora-New 53 $129,900-$609,900                                     Closed-36 $50,000-$625,000

Batavia-New 11 $249,900-$650,000                                    Closed-7 $245,000-$427,500

Bolingbrook-New 24 $199,500-$539,900                            Closed-16 $165,000-$375,000

Geneva-New 23 $199,900-$1,250,000                                Closed-4 $196,500-$321,000

Montgomery-New 11 $173,000-$299,000                           Closed-10 $164,000-$279,500

Naperville-New 87 $255,000-$1,850,000                            Closed-31 $260,000-$781,000

North Aurora-New 10 $239,000-$350,000                         Closed-3 $270,000-$415,000

Oswego-New 27 $220,000-$540,000                                  Closed-11 $187,000-$375,000

Plainfield-New 48 $148,000-$730,000                                Closed-23 $149,000-$495,000

St Charles/Campton HIlls-New 30 $174,900-$1,075,000    Closed-16 $67,500-$614,900

West Chicago-New 11 $99,900-$665,000                            Closed-6 $220,000-$442,000

Winfield-New 13 $264,900-$855,000                                  Closed-2 $254,000-$520,000

Yorkville-New 14 $189,900-$660,000                                  Closed-6 $212,000-$352,500

Contracts Accepted this Week

Market Update Fox Valley-April 6 2019-Contracts Accepted this week

Contracts accepted this week were slightly higher this week.  309 this week compared to 297 the week before.  With more homes coming on the market these numbers should steadily increase as the month continues.

Accepted contracts so far this year:

  • January-608
  • February-832
  • March-1,375
  • April so far 309

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-48                          Bolingbrook-18                               Geneva-12                               Montgomery-18

Naperville-54                     Oswego-21                                      Plainfield-35                            St Charles/Campton Hills-30

Short sales accepted this week by Sellers was slightly up this week.  5 this week compared to 3 the week before.  These numbers are still very low.  That is a good thing.  There was 1 each in Montgomery, Naperville, Oswego, Plano & St Charles/Campton Hills.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing.  9 with a kick-out clause of 72 hours and 11 with 48 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell their current home and close before purchasing.  3 with a kick-out clause of 72 hours and 4 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 you are selling or buying a home.  We will explain the process so you know what to expect. Give recommendations of loan officers, real estate attorneys, home inspectors to contact that we have successfully worked with.

Resources to check out:

Market update Fox Valley-April 6 2019.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

 Montgomery, IL 60538


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