10 26 2019 Market Update Fox Valley
10 26 2019 market update Fox Valley. New listings of single family homes were significantly down this week. 216 this week compared to 259 the week before. Not helpful for buyers that are still out looking. It is still worth taking a look to see if one of them are the kind of home you have been waiting for.
Closed single family homes were slightly up this week. 171 this week compared to 167 the week before. They should be up next week for the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 29 $114,900-$379,900
Bolingbrook-New 12 $174,500-$429,900
Montgomery-New 12 $174,900-$299,000
Naperville-New 41 $219,900-$1,542,000
Oswego-New 6 $199,900-$475,000
Plainfield-New 33 $179,000-$729,900
St Charles/Campton Hills-
Yorkville-New 10 $139,900-$479,900
Contracts accepted this week
Contracts accepted this week on single family homes were very consistent this week. 196 this week compared to 193 the week before. Even though the new listings of single family homes slowed down this week, the buyers out there ready to buy stayed consistent. They did not slow down this week.
Look at the communities that sellers accepted the most contracts this week:
Plainfield-25 St Charles/Campton Hills-15
Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 13 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, 6 with 48 hours and 1 with 24 hours.
Market update Fox Valley by the month for 2019
Month New Closed Contract 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 1,041 738 776
Total 14,095 9,156 10,951
Not all homes that are listed sell. They might need too much work and are not priced right. Also, not all contracts that the seller accepts close. Some of them do not get passed home inspection and attorney review period. You need a good REALTOR® and real estate attorney that explains the process of the home inspection and expectations and can negotiate issues that come up.
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 goals.
We can update your homes value in today’s market and provide you with a net proceeds. This shows you an estimate of the expenses to sell so you have an idea of where you are at. This will be updated when an offer comes in and we know all the terms so you can makea decision.
If you are thinking about purchasing a home you need to talk to a loan officer to get pre-qualified to see what type of loan and the price range that works out best for you. When you are finished we can start setting up homes to go and see.
Resources to check out:
- 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
- Search for a home today!
- Sign up for a free app with a different way to search for a home
We are here to guide you through the process of buying/selling a home. Let us know what questions you have. We want to help you meet your goals.
10 26 2019 market update Fox Valley. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley
200 Webster St
Montgomery, IL 60538
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