Fox Valley Market Update May 25 2019
Fox Valley market update May 25 2019. New listings of single family homes were slightly lower this week. 402 this week compared to 438 the week before.
2019 New listings of single family homes by the month:
- May so far-1,645
We have 1 more week to go. This is a holiday weekend so we will see how this week goes. Sometimes holidays are slower and others see more activity.
Closed listings of single family homes were also slightly lower. 236 this week compared to 246 the week before.
Closed single family homes so far in 2019 by the month:
- May so far-1,095
May is showing the most closings of single family homes so far. Next week will bring these numbers up even more with the end of the month when most Buyers want to close.
Take a look at the communities with the most activity this week of single family homes:
Aurora-New 41 $160,000-$620,000 Closed-28 $63,000-$540,000
Batavia-New 15 $259,900-$635,000 Closed-5 $255,000-$603,500
Bolingbrook-New 26 $189,900-$766,000 Closed-11 $186,000-$515,000
Geneva-New 19 $239,000-$949,900 Closed-5 $345,000-$770,000
Hinckley-New 10 $189,900-$394,000
Naperville-New 91 $290,000-$1,699,000 Closed-46 $285,500-$1,300,000
North Aurora-New 10 $165,000-$398,500 Closed-8 $157,000-$395,000
Oswego-New 22 $199,900-$399,900 Closed-16 $163,999-$425,000
Plainfield-New 51 $179,900-$925,000 Closed-38 $102,000-$640,000
St Charles/Campton HIlls-New 27 $224,900-$1,150,000 Closed-19 $127,500-$740,000
Sycamore-New 10 $128,000-$304,000 Closed-7 $159,900-$339,000
West Chicago-New 3 $119,900-$684,753 Closed-8 $118,000-$505,000
Yorkville-New 14 $195,000-$415,000 Closed-6 $255,000-$410,000
Contracts accepted this week
Contracts accepted this week of single family homes was slightly up this week. 337 this week compared to 307 the week before.
2019 look by the month of accepted contracts:
- May so far-1,380
This gives you an idea of closings to come. March contracts accepted shows you why May closings are up. This month’s closings will probably close the end of June or in July. May is already above the other months and we still have a week to go.
Take a look at the communities this week that Sellers accepted the most contracts:
Aurora-46 Batavia-13 Bolingbrook-33 Elburn-14
Geneva-15 Montgomery-11 Naperville-51 Oswego-14
Plainfield-38 St Charles/Campton Hills-28 West Chicago-10 Yorkville-12
Short sales accepted of single family homes by Sellers doubled this week. 4 this week compared to 2 the week before. These are still lownumbers. There was 1 each in Batavia, Bolingbrook, Plainfield & St Charles/Campton Hills.
Sellers also accepted contracts that are contingent on the Buyer closing on their current home. 12 with a kick-out clause of 72 hours, 17 with 48 hours and 4 with 24 hours.
Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 5 also 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 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether buying or selling a home. We are keeping an eye on the market. Check back here every Saturday for the Fox Valley market update.
Resources to check out:
- Loan types and the process
- VA loans and requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings in Illinois
Fox Valley market update May 25 2019. Have a great week!
Kristine Heiman, Managing Broker
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