10 12 19-Market Update Fox Valley
10 12 19-market update Fox Valley. New listings of single family homes was down this week. 275 this week compared to 291 the week before. Season is changing and so is the market. Things are still happening but at a little slower pace. This might work out well for buyers that had a hard time competing with other buyers for a home. Sellers need to make sure you are pricing your home right from the beginning.
Closed single family homes were also down this week. 165 this week compared to 235 the week before. It is the beginning of the month and most buyers want to close at the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 43 $125,000-$375,000
Closed 21 $123,000-$549,000
Bolingbrook-New 16 $135,000-$334,900
Closed 14 $155,000-$470,000
Montgomery-New 10 $189,900-$399,500
Closed 9 $169,900-$307,999
Naperville-New 45 $269,750-$1,250,000
Closed 26 $260,000-$800,000
Oswego-New 14 $239,900-$650,000
Closed 7 $149,000-$500,000
Plainfield-New 36 $169,900-$525,000
Closed 18 $220,000-$393,060
St Charles/Campton Hills-
New 26 $85,000-$1,700,000
Closed 10 $189,000-$525,000
Sugar Grove-New 11 $225,000-$339,900
Closed 3 $210,000-$335,000
Yorkville-New 13 $220,000-$565,000
Closed 4 $165,000-$325,000
Contracts accepted this week
Contracts accepted this week on single family homes was pretty consistent. 192 this week compared to 195 the week before. Buyers are still out there looking and ready to go.
Look at the communities sellers accepted the most contracts this week:
Plainfield-27 St Charles/Campton Hills-19
4 short sales were accepted by sellers this week. 1 each in Aurora, Naperville, Plainfield and Sugar Grove.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 9 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. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.
Market update Fox Valley by the month
New listings Closed listings Contracts accepted
January-878 407 608
February-1,032 465 832
March-1,731 915 1,375
April-1,594 790 1,307
May-2,004 1,391 1,665
June-1,643 1,253 1,218
July-1,423 1,029 1,090
August-1,585 1,403 1,211
September-1,164 765 869
October-566 400 387
Call us at 630-503-6555. Our goal is your goal. Let us know what your goal is and we will do everything we can to meet your goal. If we think is not attainable we will let you know why and if it is possible with some changes.
We are here to explain the process of buying or selling a home and guide you through the process.
Let us update the value of your home in today’s market. We will provide you with a net proceeds that is an estimate of expenses to sell.
Wanting to buy a home? Your first step is to talk to a loan officer to see what type of loan and what price range will work out for you. Then we can get started looking. Let us know your time frame.
Check out some resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home owner assistance and some communities
- School ratings in Illinois
Also talk to your loan officer to see if they offer lender credits.
10 12 19-market update Fox Valley. Have a great week! Let us know how we can help you.
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
Also another way to search for a home. I would be happy to help you with this one. I can share my page with you and show you how this one works. It also has a chat feature.