12 7 19 Market Update Fox Valley

12 7 19 Market Update Fox Valley

 

12 7 19 Market Update Fox Valley-Active Kane County
Active Kane County
12 7 19 Market Update Fox Valley-Active Kendall County
Active Kendall County

12 7 19 market update Fox Valley.  New listings of single family homes were significantly up this week. 173 this week compared to 100 the week before.  We are in the first week of December and had a full week.  Last week was a holiday week and short a couple of business days.  That really has an impact on activity.  Above we have pictures you should be able to click on to make larger.  The first ones shows the activity for the week.  The next 2 show the active listings of single family homes in Kane and Kendall Counties. It is broken down so you can see how many homes are available in each price range.  Both of those show that the price range $250,000-$299,999 have the most homes.  If that is not your price range you can see the amount of homes to see are more limited.

Closed single family homes this week were slightly down.  142 this week compared to 154 the week before.  It is the beginning of the month.  Most buyers prefer to close closer to the end of the month.

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

Aurora-New 23 $123,900-$469,000

            Closed-25$95,500-$1,472,540

Bolingbrook-New 17 $159,000-$708,900

                    Closed-11 $162,000-$319,000

Naperville-New 34 $289,900-$2,399,000

                Closed-22 $223,000-$631,424

Plainfield-New 26 $215,000-$730,000

                Closed-18 $205,000-$415,000

St Charles/Campton Hills-

                New-7 $275,000-$779,900

               Closed-13 $187,000-$700,000

Contracts accepted this week

12 7 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes were pretty consistent with the week before.  127 this week compared to 133 the week before.  These numbers are low though.  You have to go back to January to see these numbers.  There is still activity but nothing like Spring or Summer markets.  Now is the time pricing your home is most important.   If you are overpriced it will just sit there.

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

Aurora-24              Bolingbrook-12

Naperville-17         Plainfield-17

These are the communities that consistently do the most activity.  I am surprised St Charles is not one of them listed here.

There were 3 short sales accepted this week.  2 in Bolingbrook and 1 in Plainfield.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 3 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. 3 with a kick-out clause of 72 hours and 2 with 48 hours.

2019 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

November       679             727                656

December       173             142                127

Totals        15,165        10,244          11,917

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 a home.  Our office is very convenient just next door to the Village hall of Montgomery.

Thinking about selling your home?  Let us update the value of your home in today’s market and provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know what type of loan and price range that will work out best for you.  We can make some recommendations.

We can also recommend real estate attorneys and home inspectors.

Check out some great resources:

12 7 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

besthomesfv@gmail.com

Sign up for free with a different way to search for a home.  You can change it to satellite view and see how the home is situated on the property.  It also has a chat feature. 

 


 

 

 

 

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