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:
- 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:
- 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
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:
- 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.
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:
- loans and the process
- VA loans and the requirements
- current interest rates
- down payment resources
- Illinois home assistance and some communities that offer help
- School ratings
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