Fox Valley Market Update September 14 2019
Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!
2019 new listings of single family homes by the month:
- September so far-623
Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.
Closed listings of single family homes for 2019 by the month:
Take a look at the communities with the most activity this week:
Aurora-New 46 $115,000-$699,000
Bolingbrook-New 20 $174,900-$754,766
Elburn-New 10 $229,000-$549,900
Naperville-New 61 $299,000-$1,599,000
Oswego-New 16 $179,900-$1,000,000
Plainfield-New 33 $149,888-$624,000
St Charles/Campton Hills-New 19 $199,900-$1,260,000
Sugar Grove-New 11 $214,900-$849,900
West Chicago-New 12 $228,000-$574,999
Yorkville-New 10 $164,900-$475,000
Contracts accepted this week
Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.
Contracts accepted 2019 by the month:
- September so far-436
Look at the communities that had the most sellers accept contracts this week:
Aurora-36 Bolingbrook-21 Naperville-31
Plainfield-29 St Charles/ Campton Hills-11
Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.
There were no short sale contracts accepted this week.
Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.
Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.
Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.
Check out some resources:
- types of loans and the process
- Va loans and the requirements
- current interest rates
- down payment assistance
- Illinois home owner assistance and some communities
- school ratings
Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.
Fox Valley market update September 14 2019. Have a great week!
Kristine Heiman, Managing Broker
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