10 05 2019-Market Update

10 05 2019-Market Update

10 05 2019-Market update.  New listings of single family homes here in the Fox Valley went up this week.  291 this week compared to 259 the week before.  Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week.  235 this week compared to 204 the week before.  Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

            Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

             Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

                     Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

             Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

                      Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

                 Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

              Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

                Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

                                         Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

10 05 2019-Market Update-Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week.  Not too bad.  Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19                                       Bolingbrook-21                                            Geneva-11

Naperville-30                                   Plainfield-10                                                 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home.  6 with a kick-out clause of 72 hours and also 6 with 48 hours.

Market activity so far for 2019 in the Fox Valley by the month

New listings                                        Closed listings                                   Contracts accepted

January-878                                     January-407                                    January-608

February-1,032                                February-465                                  February-832

March-1,731                                    March-915                                     March-1,375

April-1,594                                      April-790                                        April-1,307

May-2,004                                      May-1,391                                      May-1,665

June-1,643                                      June-1,253                                     June-1,218

July-1,423                                       July-1.029                                      July-1,090

August-1.585                                  August-1,403                                  August-1,211

September-1,164                            September-765                               September-869

October so far-291                          October so far-235                         October so far-195

Total-13,345                                    8,653                                            10,370

I changed it up this week so you could see the difference side-by-side.  Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes.  There are many reasons why they do not close.  There could be an issue with the buyer that does not get approved for the loan for some reason.  Home inspection or attorney review had issues that they could not agree on resolving.  Buyer or seller change their mind about going through with the deal.  All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings.  Everything still revolves around the school year.  There is still activity though.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Our goal is your goal.  We will do everything we can to meet your goal.  If it is not reasonable we will let you know.

Let us update the value of your home in today’s market.  We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

630-503-6555

Another way to search for a home that you can sign up for free!  I can do a video call and share my screen to show you how it works and all that you can do with it.  I think you will really like this!

 

Leave a Reply