Fox Valley Market Update September 21 2019
Fox Valley market update September 21 2019. New listings of single family homes were just under 10% down this week. 282 new listings this week compared to 310 the week before.
2019 New listings of single family homes by the month:
- September so far-905
Closed listings this week were slightly up. 193 this week compared to 188 the week before. It should increase more as we get closer to the end of the month when most buyers want to close.
Closed listings of single family homes by the month for 2019:
Take a look at the communities with the most activity this week:
Aurora-New 38 $70,000-$699,000
Batavia-New 10 $263,900-$998,500
Bolingbrook-New 34 $159,900-$451,500
Geneva-New 10 $275,000-$819,000
Naperville-New 54 $255,000-$1,450,000
Oswego-New 10 $214,900-$560,000
Plainfield-New 32 $136,900-$750,000
St Charles/Campton Hills-New 20 $159,900-$1,200,000
Yorkville-New 14 $229,900-$619,900
Contracts accepted this week
Contracts accepted this week on single family homes were consistent this week. 229 this week compared to 225 the week before. We love consistency!
2019 contracts accepted of single family homes by the month:
- September so far-665
Now take a look at the communities this week that sellers accepted the most contracts:
Aurora-33 Batavia-11 Bolingbrook-21
Geneva-15 Naperville-39 Oswego-13
Plainfield-21 St Charles/Campton Hills-17 Yorkville-10
There were 3 short sales accepted by sellers this week. Zero the week before. 1 each in Geneva, Naperville and Plainfield.
Contracts were accepted by sellers that are contingent on the closing of the buyers current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.
Sellers also accepted contracts that are contingent on the sale and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.
Once a contract is accepted there is a review period where the buyer can do inspections and attorneys can review the contract. Not all contracts that get accepted close. Sometimes issues come up that can’t be resolved or maybe the loan might not get approved.
Call us at 630-503-6555 with any real estate questions that you have. It is still a good time to sell if you want to get moved before the holidays.
Let us update your home value in the current market and provide you with a net proceeds. An estimate of expenses to sell.
If you are thinking about purchasing, your first step is to talk to a loan officer to get pre-qualified so you know what type of loan and what price range will work out for you. If you need recommendations we can provide you will loan officers to contact that we have successfully worked with.
Resources to check out:
- types of loans and the process
- VA loans and the requirements
- current interest rates
- down payment assistance
- Illinois home owner assistance and some community assistance
- school ratings
Fox Valley market update September 21 2019. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
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