11 30 19 Market Update Fox Valley

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly.  100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly.  154 this week compared 224 the week before.  You can’t judge the market on this holiday week.  Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

            Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

                    Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

                 Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

              Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

                Closed-21 $160,000-$512,156

St Charles/Campton Hills-

                New $254,900-$675,000

                Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

              Closed-3 $175,000-$249,000

Contracts accepted this week

11 30 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before.  Hopefully we will get back to normal this week.

Look at the communities that sellers accepted the most contracts this week:

Aurora-15                 Naperville-23

Plainfield-20             St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

Sellers accepted contracts that are contingent on the buyers closing on their current home. 2 with a kick -out clause of 72 hours, 4 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.  2 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

2019 by the month of activity

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

November       679              727                      656

Total           14,992        10,102                11,790

Some of those new listings are homes that have been relisted.  Not all listings that receive contracts close.  Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved.  You need a good REALTOR® and real estate attorney that can help get through some of these issues.

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 goal whether buying/selling your home.

Resources to check out:

Some lenders also help out with costs.  You need to decide what helps out the most.

11 30 19 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 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home.  Click on the satellite view.  It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard.  It also has a chat feature.  If you need help navigating let me know.

 

                                         

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