Fox Valley Market Update June 29 2019
Fox Valley market update June 29 2019. New listings were significantly down this week. 365 new listings of single family homes this week compared to 444 the week before. Not good for buyers that are wanting to find something and get in before school starts again.
2019 new listings of single family homes by the month:
May so far is the month with the most new listings. The weather has contributed to the delay in sellers getting their homes on the market. We went from extreme cold temperatures to nothing but rain.
Closed homes were up this week. 330 single family homes closed this week compared to 303 the week before. It is the end of the month so that is to be expected.
Closed listings of single family homes 2019 by the month:
So far May is the best month for closings of single family homes. We should see a higher number in July though.
Now take a look at the communities with the most activity this week:
Aurora-New 46 $89,900-$544,900 Closed-45 $135,000-$455,000
Batavia-New 12 $260,000-$899,900 Closed-10 $200,000-$626,495
Bolingbrook-New 31 $155,000-$450,000 Closed-27 $148,050-$395,000
Geneva-New 16 $264,900-$729.900 Closed-8 $252,000-$750,000
Montgomery-New 9 $164,800-$297,400 Closed-11 $174,900-$297,500
Naperville-New 83 $259,000-$4,000,000 Closed-64 $250,000-$1,400,000
North Aurora-New 13 $260,000-$422,380 Closed-11 $183,000-$440,000
Oswego-New 17 $192,500-$625,000 Closed-14 $185,000-$385,000
Plainfield-New 37 $159,900-$549,000 Closed-36 $146,000-$550,000
St Charles/Campton Hills-New 35 $229,000-$2,385,000 Closed-30 $242,000-$1,100,000
West Chicago-New 6 $309,500-$510,000 Closed-12 $95,000-$347,500
Yorkville-New 15 $199,900-$614,900 Closed-10 $138,500-$390,000
Contracts accepted this week
Contracts accepted this week were slightly lower than last week. 272 contracts accepted this week of single family homes compared to 293 the week before.
Look at the communities this week that seller’s accepted the most contracts:
Aurora-28 Bolingbrook-20 Naperville-50
Oswego-11 Plainfield-39 St Charles/Campton Hills-26
Sugar Grove-10 Yorkville-11
Short sales accepted this week of single family homes were the same as last week. 5 both weeks. 1 each in Aurora, Elburn, Montgomery, Naperville and Sheridan.
Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 14 with 48 hours and 1 with 24 hours.
Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.
Accepted contracts in 2019 by the month:
May is the best month so far for new listings, closings and contracts accepted this year. Keep in mind that contracts that are accepted don’t always close. Sometimes they are reactivated because of a home inspection issue, financing does not go through or attorney review and inspection issues can not come to an agreement.
Call us to answer all of 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. Our goal is to negotiate price and terms that are best whether buying or selling a home.
Resources to check out:
- types of loans and the process
- VA loans and the requirements
- current interest rates
- down payment assistance
- Illinois home ownership assistance and some communities
- school ratings
Fox Valley market update June 29 2019. Have a great week! Have a safe and happy 4th of July!
Kristine Heiman, Managing Broker
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Montgomery, IL 60538
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