Fox Valley Market Update September 28 2019
Fox Valley market update September 28 2019. New listings of single family homes were down this week. 259 this week compared to 282 the week before. The market is still good for buyers looking $200,000 and above. Under that amount it is hard to find and you need to jump on them right away. If your home is in that price range and you are thinking about selling now is the time.
2019 new listings of single family homes by the month:
Closed listings of single family homes were slightly up this week. 204 compared to 193 the week before. Not the numbers we were seeing from May – August but still not bad.
Look at the closings of single family home by the month for 2019:
Take a look at the communities with the most activity this week:
Aurora-New 34 $124,900-$430,000
Batavia-New 10 $209,900-$599,995
Bolingbrook-New 19 $147,900-$374,900
Geneva-New 17 $235,000-$625,000
Naperville-New 49 $294,999-$1,750,000
Oswego-New 8 $189,900-$330,000
Plainfield-New 37 $139,888-$1,175,000
St Charles/Campton Hills-New 20 $214,900-$1,500,000
Yorkville-New 11 $239,000-$420,000
These communities continue to be on the list for new listings and closed listings of single family homes Is it the schools, location or what the community offers? It might be a combination of all three.
Contracts accepted this week
Contracts accepted this week were slightly down this week on single family homes. 204 this week compared to 229 the week before. That is not too bad. I would say that is pretty consistent.
Communities this week with the most activity:
Aurora-35 Bolingbrook-27 Naperville-23
Oswego-12 Plainfield-27 St Charles/Campton Hills-11
Look at the contracts accepted for 2019 by the months:
There is a difference on contracts accepted and closed listings. Not all contracts that get accepted close. I thought you would be interested to see those numbers. Is it the loan officers not pre-qualifying the buyers well enough? Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it. Some things can be resolved and others take more time. Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on. There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller. Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.
Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. Once you let us know what you goal is we will do everything we can to help you reach it whether buying or selling a home.
Let us update the value on your home in today’s market. We will provide you with a net proceeds so you can see an estimate of expenses to sell your home so you will know about where you are at.
If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified. They will let you know what type of loan and the price range that will out best for you.
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
We are here to guide you through the process. We will keep in contact the way you want to connect.
Fox Valley market update September 28 2019. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
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