Fox Valley Market Update July 13 2019
Fox Valley market update July 13 2019. Thing are picking back up again since the holiday. 407 new listings of single family homes this week compared to 287 the week before. What a difference a week makes! July is usually a slow month with everyone going on vacation. It is a good time to go on vacation right after you list your home. Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone. Wouldn’t that be nice!
2019 listings of single family homes by the month:
- July-694 so far
Closed homes this week were slightly up. 266 this week compared to 236 the week before. They should increase and we get closer to the end of the month when most buyer’s want to close.
Closing by the month for 2019:
- July-523 so far
Take a look at the communities with the most activity this week:
Aurora-New 47 $88,000-$599,900 Closed-40 $76,000-$461,500
Batavia-New 10 $239,000-$799,900 Closed-8 $214,000-$365,000
Bolingbrook-New 23 $139,900-$669,900 Closed-31 $160,000-$434,500
Geneva-New 13 $275,000-$574,900 Closed-8 $385,000-$702,000
Naperville-New 98 $299,900-$2,499,000 Closed-48 $273,000-$1,295,000
Oswego-New 20 $229,900-$450,000 Closed-25 $150,000-$837,500
Plainfield-New 46 $165,000-$1,200,000 Closed-22 $216,000-$475,000
St Charles/Campton Hills-New 35 $159,000-$849,900 Closed-21 $199,500-$768,000
Sugar Grove-New 11 $242,500-$435,000 Closed-5 $275,000-$355,000
Sycamore-New 14 $109,900-$459,000 Closed-4 $115,000-$292,400
West Chicago-New 10 $240,000-$589,900 Closed-8 $204,900-$557,000
Yorkville-New 17 $215,000-$549,900 Closed-7 $225,000-$390,000
Contracts accepted this week
Contracts accepted this week were down. 252 this week compared to 295 the week before. This should pick up with all the new listings that came on the market this week.
Look at the contracts accepted for 2019 by the month so far:
- July-547 so far
Take a look at the communities seller’s accepted the most contracts this week:
Aurora-40 Bolingbrook-25 Montgomery-10
Napervilee-33 Oswego-15 Plainfield-27
St Charles/Campton Hills-22 Yorkville-10
Short sales were slightly up this week. 4 this week compared to 2 the week before. This continues to be good news! This week there were 2 in Aurora and 1 each in Naperville and Winfield.
Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.
Seller’s also accepted contracts that are contingent on the buyer’s selling and closing on their current home before purchasing. 1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.
Call us with your real estate questions at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. We are keeping an eye on the market. Our goal is to negotiate price and terms that are best whether buying or selling a home.
We will tell you what you need to do to get your home market ready. Explain the process. Provide you with a net proceeds that shows you the expenses to sell.
If you are thinking about purchasing you will need to get pre-qualified with a loan officer. It matters who you use. If you need recommendations of loan officers we will recommend a few so you can decide who to use. We will guide you through the process.
Resources to check out:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings
Fox Valley market update July 13, 2019. Have a great week!
Kristine Heiman, Managing Broker
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200 Webster St
Montgomery, IL 60538
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