Market update Fox Valley week 27
week before. Hope people are waiting until after the holiday to put their home on the market. Inventory continues to remain extremely low.
Closed listings were 48.39% higher. 368 last week compared to 248 the week before. Monday and Tuesday were the last 2 days of the month of June. A lot of them might of closed in those 2 days. Most buyers want to close at the end of the month.
Take a look a the communities with the most activity this week:
Aurora-New 36 $141,000-$415,980
Batavia-New 4 $195,000-$394,900
Bolingbrook-New 17 $189,900-$879,000
Elburn-New 3 $179,000-$354,000
Geneva-New 14 $274,900-$649,900
Montgomery-New 11 $180,000-$299,750
Naperville-New 66 $259,900-$1,975,000
North Aurora-New 5 $189,000-$525,000
Oswego-New 16 $219,000-$2,200,000
Plainfield-New 35 $124,900-$729,675
St Charles/Campton Hills-
New 20 $299,900-$1,000,000
Sycamore-New 3 $242,500-$549,900
West Chicago-New 10 $160,000-$499,000
Yorkville-New 10 $224,900-$460,000
Contracts accepted this week
Contracts accepted this week were very consistent with the week before. 390 this last week compared to 383 the week before. A difference of 7. That is consistent! Your home could be next. We need to get it on the market.
Look at the communities that sellers accepted the most contracts:
St Charles/Campton Hills-29 Sycamore-10
West Chicago-12 Yorkville-19
2 short sales were accepted by sellers this week. 1 each in Warrenville and Yorkville. Now they will be submitted to the lender to see if they will also accept.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 20 with 48 hours and 4 with 24 hours.
Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.
Market update 2020 by the month
Month New Closed Contracts accepted
January 1,105 566 858
February 1,267 529 1,024
March 1,186 707 1,079
April 648 786 775
May 1,352 1,010 1,444
June 1,232 908 1,534
July 278 368 390
Totals 7,068 4,874 7,104
Check back with us every Saturday. The end of the month we will compare this year to 2019 and 2018 so you can see how things are going.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Thinking about selling this year? Now is the best time. Buyers are waiting for homes to come on the market to see. Inventory is extremely low. Let us update the value of your home for today’s market. We will provide you with a net proceeds that shows you the expenses to sell and an estimate of what you will walk away with. This will be updated when an offer comes in and we know all the terms.
If you are thinking about buying a home your first step is to contact a loan officer to get pre-qualified. If you need recommendations let us know. They will let you know what type of loan and the price range that will work out best for you. Provide you with a letter that needs to go with an offer when you find the right home.
Check out some great resources:
- Type of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois homeowner assistance and some community assistance
Market update Fox Valley week 27. Have a great week. Happy 4th of July! Have fun and stay safe and healthy.
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101