Fox Valley Market Update August 10 2019
Fox Valley market update August 10 2019. New listings were up this week! 360 new single family homes this week compared to 328 the week before. Good news for buyers that are still trying to find something.
2019 new listings of single family homes by the month:
- August so far-688
Closed listings of single family homes was down this week. 221 this week compared to 341 the week before. This is really the first full week of August so it is expected that closings would be down. They will increase as we get closer to the end of the month.
Closings of single family homes by the month for 2019:
- August so far-562
Take a look at the communities with the most activity this week:
Aurora-New 47 $100,000-$525,000
Batavia-New 13 $219,900-$695,995
Bolingbrook-New 30 $172,000-$569,900
Geneva-New 24 $279,900-$2,695,000
Montgomery-New 24 $104,000-$320,490
Naperville-New 63 $228,000-$1,600,000
Oswego-New 19 $154,000-$515,000
Plainfield-New 37 $150,000-$509,000
St Charles/Campton Hills-New 27$199,900-$895,000
Yorkville-New 10 $159,900-$559,999
Contracts accepted this week
Contracts accepted this week were down slightly. 249 this week compared to 274 the week before. That is not too bad. Especially with school starting soon and people still gone on vacation.
2019 contracts accepted of single family homes by the month:
Look at the communities that sellers accepted the most contracts this week:
Aurora-39 Bolingbrook-23 Montgomery-10
Naperville-45 Oswego-16 Plainfield-22
St Charles/Campton Hills-21
Short sales accepted by sellers on single family homes were up this week. 7 this week compared to 3 the week before. This week there were 1 each in Aurora, Minooka, Montgomery, Plano & Yorkville. 2 were in Bolingbrook. Now they will be submitted to the lender to see if they will also accept them as written.
Sellers accepted contracts that are contingent on the buyer closing their current home before purchasing. 5 with a kick-out clause of 72 hours, 12 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 before purchasing. 1 with a kick out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.
Call us at 630-503-6555 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether buying or selling a home.
If you are thinking about selling we can let you know what you need to do to get your home market ready. Provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in and we know all the terms.
Thinking about buying a home? Your first step is to get pre-qualified with a loan officer so you know the type of loan and price range that will work out best for you. If you need recommendations of a loan officer to call we can recommend a few and you decide who you want to work with.
Check out these resources that might help you:
- Types of loans and the process
- VA loans and requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings
Some communities are more active then others. It is your preference if you want a community that is very active or one that is slower moving. Are you planning on long term or short term. Your price range and size of home might determine where you want to move. Tell us what is most important to you and we will work hard to find the best place for you to call home.
Fox Valley market update August 10 2019. Have a great week!
Kristine Heiman, Managing Broker
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