Market Update Fox Valley-March 23 2019

Market Update Fox Valley-March 23 2019

Market update Fox Valley-March 23 2019.  New listings of homes this week were consistent with last week.  359 this week compared to 350 last week.

New listings so far this year:

  • January-878
  • February-1,032
  • March so far 1,380

We still have 8 days left of the month.  You can see how things are progressing.  Spring is here and the weather is starting to improve.  If you want to sell this year now is the time to do it.

Closed listings of homes this week were slightly up.  175 this week compared to 166 last week.  These numbers will increase next week because it is the last full week of the month.  That is when most Buyers want to close.

Closing so far this year:

  • January-407
  • February-465
  • March so far-715

The numbers for March might double February totals.

Take a look at the activity this week:

Aurora-New 40 $100,000-$498,000                                      Closed-25 $125,000-$572,000

Batavia-New 13 $172,500-$585,000                                     Closed-3 $112,000-$455,000

Bolingbrook-New 24 $225,000-$475,000                             Closed-17 $152,500-$442,000

Elburn-New 10 $267,900-$995,000                                      Closed-3 $282,000-$450,000

Geneva-New 14 $294,900-$975,000                                     Closed-11 $190,000-$1,000,000

Montgomery-New 17 $145,000-$314,900                            Closed-10 $129,000-$269,900

Naperville-New 80 $250,000-$1,590,000                             Closed-23 $270,000-$1,450,000

Oswego-New 18 $180,000-$539,000                                    Closed-7 $258,000-$473,404

Plainfield-New 38 $179,900-$699,990                                  Closed-26 $165,000-$890,000

St Charles/Campton Hills-New 34 $174,900-$1,995,000      Closed-9 $200,000-$441,000

West Chicago-New 11 $188,000-$479,900                           Closed-5 $155,000-$331,000

Yorkville-New 14 $224,900-$1,049,900                                Closed-9 $200,000-$455,000

Contracts Accepted this Week

Market Update Fox Valley-March 23 2019-Contracts Accepted this Week

Contracts accepted this week were up.  304 this week compared to 283 last week.  These numbers will continue to go up if the inventory of homes continues to go up.

Take a look at the numbers so far this year:

  • January-608
  • February-832
  • March so far-1,078

The numbers are steadily rising.

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

Aurora-50                        Bolingbrook-25                         Geneva-10                           Naperville-52                     Oswego-19

Plainfield-44                    St Charles/Campton Hills-20     West Chicago-13                  Yorkville-13

Short Sales this week were half of what they were the week before.  4 this week compared to 9 the week before.  There were 2 in Aurora and 1 each in Plainfield and Sandwich.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing.  9 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  6 with a kick-out clause of 72 hours, 3 with 48 hours and 1 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.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.

Let us update the value of your home in the current market and provide you with an estimate of net proceeds that shows you the expenses to sell.  We will update this when an offer comes in and we know all the terms.

If you are thinking about purchasing a home your first step is to call a loan officer to get pre-qualified.  If you need recommendations we can provide you with some.

Resources to check out:

Market update Fox Valley-March 23 2019. Have a great week!  Let us know what questions we can answer for you.

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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