Fox Valley Market Update September 21 2019

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:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June-1,643
  • July-1,423
  • August-1,585
  • September so far-905

          Total-12,795

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:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-1,029
  • August-1,403
  • September-561

          Total-8,214

Take a look at the communities with the most activity this week:

Aurora-New 38 $70,000-$699,000

            Closed-33 $87,000-$550,000

Batavia-New 10 $263,900-$998,500

             Closed-3 $352,000-$381,000

Bolingbrook-New 34 $159,900-$451,500

                     Closed-22 $155,000-$380,000

Geneva-New 10 $275,000-$819,000

             Closed-5 $265,000-$354,000

Naperville-New 54 $255,000-$1,450,000

                 Closed-34 $310,000-$850,000

Oswego-New 10 $214,900-$560,000

             Closed-16 $165,000-$575,000

Plainfield-New 32 $136,900-$750,000

                Closed-24 $150,000-$417,000

St Charles/Campton Hills-New 20 $159,900-$1,200,000

                                         Closed-12 $180,000-$735,000

Yorkville-New 14 $229,900-$619,900

              Closed-7 $118,000-$397,000

Contracts accepted this week

Fox Valley Market Update September 21 2019-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:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218
  • July–1,090
  • August-1,211
  • September so far-665

          Total-9,971

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.

Contact us

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:

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

630-503-6555

besthomesfv@gmail.com

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