Fox Valley Market Update June 29 2019

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:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2.004
  • June-1,643

                   8,882 total

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:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253

                  5,221 Total

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

Fox Valley Market Update June 29 2019-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:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218

                  7005 Total

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.

Contact us

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:

Fox Valley market update June 29 2019.  Have a great week!  Have a safe and happy 4th of July!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Try a different way to search and let us know what you think.  You can click on the satellite view and see how the home sits on the property and see what else if for sale in the neighborhood.

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