Fox Valley Market Update June 22 2019
Fox Valley market update June 22 2019.. New listings of single family homes in the Fox Valley area were slightly higher this week. 444 this week compared to 433 the week before.
2019 look at new listings of single family homes by the month:
- June so far-1,278
One more week to go in June and it looks like we will not come close to May’s totals for new listings. That is not good for buyer’s that are still trying to find a home.
Closed homes this week were slightly higher. 303 this week compared to 294 the week before. Next week should be very busy for closings.
Closings in 2019 so far of single family homes:
- June so far-923
A little over 57% of the 8,517 new listings have sold and closed so far far this year.
Take a look at the activity this week in the Fox Valley:
Aurora-New 51 $119,900-$639,900 Closed-34 $125,000-$500,000
Batavia-New 16 $185,000-$629,900 Closed-8 $203,000-$464,000
Bolingbrook-New 27 $129,900-$595,900 Closed-25 $98,175-$405,500
Geneva-New 22 $242,000-$1,295,000 Closed-22 $155,000-$751,000
Montgomery-New 22 $125,000-$330,455 Closed-11 $86,793-$370,056
Naperville-New 102 $174,900-$1,790,000 Closed-52 $202,500-$1,020,000
North Aurora-New 13 $195,000-$430,000 Closed-8 $197,500-$368,500
Oswego-New 26 $199,900-$429,900 Closed-12 $165,000-$370,000
Plainfield-New 38 $172,000-$494,000 Closed-31 $182,000-$595,000
St Charles/Campton Hills-New 36 $109,800-$1,275,000 Closed-29 $150,000-$774,900
West Chicago-New 13 $114,900-$485,000 Closed-8 $165,000-$432,500
Winfield-New 10 $282,900-$799,000 Closed-5 $300,000-$475,000
Yorkville-New 19 $213,000-$1,100,000 Closed-7 $174,000-$375,000
Contracts accepted this week
Contracts accepted of single family homes this week were slightly down. 293 this week compared to 317 last week.
Contracts accepted of single family homes so far in 2019:
- June so far-946
That total shows you that about 79% of the homes listed this year have gone under contract. Not all of them have closed. Some have been put back on the market because of buyer not able to get financing or some other reason. Some of that total have gone under contract and reactivated and gone under contract again. Closed totals are the most important.
Take a look at the communities that seller’s accepted the most contracts this week:
Aurora-45 Batavia-14 Bolingbrook-18
Geneva-12 Montgomery-11 Naperville-50
Oswego-12 Plainfield-38 St Charles/Campton Hills-23
Short sales accepted this week by seller’s doubled from last week. 5 this week compared to 2 the week before. Still very low. There were 1 each in Montgomery, Plainfield and Sandwich. 2 in Oswego this week.
Contracts were accepted by seller’s that are contingent on the buyer closing on their current home before purchasing. 12 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.
Seller’s also accepted contracts that are contingent on the buyer selling and closing before they can purchase. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.
Call us with any real estate questions you have at 630-503-6555. Jerffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are selling, buying or both.
Thinking about selling? We will update the value of your home in today’s market and provide you with a net proceeds that will show you the expenses to sell your home so you know where you are at.
If you are thinking about purchasing your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work for you.
We will guide your through the process of selling or purchasing. We can make a few recommendations of loan officers, real estate attorneys and inspectors if you don’t know any already. You can choose who you think will workout best for you.
Check out these resources:
- Types of loans and the process
- VA loans and the requirements
- current interest rates
- Down payment assistance
- Illinois home assistance and some community assistance
- School ratings
Fox Valley market update June 22 2019. Have a great week! Let us know how we can help you.
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
email@example.com or Kristineheiman@besthomesfv.com
You can also check out a different way to search for a home. Click on satellite view and you can see how the home is situated on the lot. It will show you if it is a corner lot, does it have a backyard and is it fenced in, Is there anything else for sale in the neighborhood.