11 2 2019-Market Update Fox Valley

11 2 2019-Market Update Fox Valley

11 2 2019-Market update Fox Valley.  New listings of single family homes were very consistent this week.  218 this week compared to 216 the week before.  How about that for consistency!  things are still happening so don’t be afraid to put your home on the market.

Closed listings of single family homes were way up.  219 this week compared to 171 the week before.  End of the month is always a busy time for closings.  That is when most buyers want to close.

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

Aurora-New 28 $75,000-$479,900

            Closed-30 $102,000-$383,500

Bolingbrook-New 14 $130,000-$400,000

                     Closed-26 $96,500-$382,000

Geneva-New 10 $324,900-$749,900

             Closed-3 $348,000-$465,000

Montgomery-New 8 $176,900-$319,660

                     Closed-13 $135,000-$320,500

Naperville-New 30 $314,900-$1,299,000

                 Closed-30 $278,000-$1,750,000

Oswego-New 18 $200,000-$549,500

             Closed-9 $215,000-$510,000

Plainfield-New 34 $233,000-$700,000

                Closed-22 $142,144-$445,000

St Charles/Campton Hills-

               New-21 $189,800-$983,000

               Closed-10 $110,500-$835,000

West Chicago-New 2 $224,900-$359,108

                      Closed-10 $100,000-$430,000

Yorkville-New 11 $149,900-$374,900

              Closed-11 $165,000-$385,000

Contracts accepted this week

11 2 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were down slightly.  183 this week compared to 196 the week before.  We did get some early winter weather this week and Thursday was Halloween.

Here are the communities that sellers accepted the most contracts this week:

Aurora-35      Bolingbrook-15     Naperville-20

Plainfield-21     St Charles/Campton Hills-14

Yorkville-11

3 Shorts sales were accepted this week by sellers.  1 each in Aurora, Bolingbrook and West Chicago.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  7 with a kick-out clause of 72 hours and 10 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 4 with 48 hours.

Keeping tract of contracts accepted is important to keep a eye on how many buyers are still out there willing to write an offer and to also decide if you need to adjust pricing.

2019 look at activity by the month

Month             New             Closed         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       1,259                957                959 

Total          14,313            9,375           11,134

Not all contracts accepted end up closing.  Some of those have gone back on the market and then another contract was accepted.  This is the critical time that it is very important to have a good REALTOR® and real estate attorney that will guide the buyer through expectations of a home inspection and negotiate repairs and attorney review.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goals.

Let us update the current value of your home in today’s market.  We will provide you with a net proceeds showing an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are looking to buy a home you will need to talk to a loan officer first and get pre-qualified to make sure what type of loan and what price range works out best for you.

Take a look at some great resources:

11 2 2019-Market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for another way to search for a home.  You can change to satellite view and it also has a chat feature to interact with me without leaving the app.

Leave a Reply