Fox Valley Market Update May 4 2019
Fox Valley market update May 4 2019. New listings of single family homes were almost identical to the week before. 403 this week compared to 405 the week before. We love a consistent market! If you can’t find a home in the community you are currently looking in with the price range you need. Look at the chart above and see where you should be looking.
Look at the numbers so far this year for New listings of single family homes:
- May so far-403
Closed listings this week were way up. 301 this week compared to 208 the week before. Monday and Tuesday were the last 2 days of April. I bet a lot of the closings happened those 2 days. Most Buyers want to close at the end of the month.
Here are the totals for each month of closings of Single family homes:
- May so far-301
Take a look at the activity this week:
Aurora-New 56 $120,000-$599,900 Closed-43 $119,500-$597,500
Batavia-New 8 $220,000-$1,575,000 Closed-13 $170,000-$759,900
Bolingbrook-New 24 $199,900-$450,000 Closed-21 $168,000-$674,999
Geneva-New 14 $259,900-$712,900 Closed-17 $282,500-$1,095,000
Montgomery-New 10 $189,800-$489,900 Closed-16 $153,000-$273,000
Naperville-New 92 $240,000-$1,525,000 Closed-45 $295,000-$2,150,000
Oswego-New 25 $144,900-$499,900 Closed-12 $70,000-$353,900
Plainfield-New 41 $175,000-$549,900 Closed-44 $190,000-$1,775,244
St Charles/Campton Hills-New 37 $224,900-$1,275,000 Closed-26 $230,000-$779,000
West Chicago-New 10 $248,900-$649,800 Closed-11 $140,000-$436,000
Winfield-New 10 $269,900-$675,000 Closed-5 $215,000-$622,000
Yorkville-New 18 $150,000-$550,000 Closed-12 $187,000-$392,000
Contracts accepted this week
Contracts accepted by Sellers was up slightly this week. 338 this week compared to 311 the week before. We have had nothing but rain. It has not kept the Buyers away though. They know that they better look now or they will miss out on a property. You can’t sit back and wait for a better time.
Look at the communities that Sellers accepted the most contracts this week:
Aurora-45 Bolingbrook-20 Geneva-12 Montgomery-10
Naperville-58 North Aurora-14 Oswego-20 Plainfield-46
St Charles/Campton Hills-17 Yorkville-20
Look at the monthly totals so far this year of accepted contracts:
- May so far-338
So far this year March has been the best month over all. May is looking like the month to pass up March. We are off to a great start this month. Don’t sit back and wait. It still is a great time to get your home on the market or look for a home to purchase.
Short sales accepted by Sellers is exactly the same this week as the week before. 3 both weeks. Now they will be submitted to the lender to see if they will also accept as written.
Contracts were accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 13 with 48 hours and 2 with 24 hours.
Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing. 3 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 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.
Contact us to update the market value on your home. We will provide you with a net proceeds that gives you and estimate of expenses to sell. We will update this when an offer comes in and we know all the terms so you can make an informed decision.
Resources for you to check out:
- Information of different types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings in Illinois
Fox Valley market update May 4 2019. Have a great week!
Kristine Heiman-Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
You might want to try this tool and see if you like it better for your search. You can see a satellite view so you can see if a home is on a corner, if it has a back yard or what else is for sale in the neighborhood.