Market update Fox Valley week 27

Market update Fox Valley week 27Market update Fox Valley week 27.  New listings of single family homes was 5.76% lower this week.  278 last week compared to 295 the 

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

            Closed-40 $90,000-$525,000

Batavia-New 4 $195,000-$394,900

             Closed-15 $284,400-$712,590

Bolingbrook-New 17 $189,900-$879,000

                     Closed-21 $163,500-$399,000

Elburn-New 3 $179,000-$354,000

            Closed-11 $225,000-$380,000

Geneva-New 14 $274,900-$649,900

             Closed-17 $250,000-$875,000

Montgomery-New 11 $180,000-$299,750

                      Closed-12 $187,000-$300,000

Naperville-New 66 $259,900-$1,975,000

                 Closed-61 $269,000-$1,825,000

North Aurora-New 5 $189,000-$525,000

                       Closed-10 $187,000-$395,000

Oswego-New 16 $219,000-$2,200,000

              Closed-22 $225,000-$456,000

Plainfield-New 35 $124,900-$729,675

                Closed-50 $165,000-$485,000

St Charles/Campton Hills-

                New 20 $299,900-$1,000,000

                Closed-26 $166,500-$1,232,628

Sycamore-New 3 $242,500-$549,900

                 Closed-10 $181,500-$425,000

West Chicago-New 10 $160,000-$499,000

                      Closed-10 $200,000-$620,000

Yorkville-New 10 $224,900-$460,000

              Closed-12 $223,500-$462,500

Contracts accepted this week

Market update Fox Valley week 27-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:

Aurora-52                                     Batavia-15

Bolingbrook-20                             Geneva-19

Montgomery-11                            Naperville-69

Oswego-20                                   Plainfield-56

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.

Contact us

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:

Market update Fox Valley week 27.  Have a great week.  Happy 4th of July!  Have fun and stay safe and healthy.

Market update Fox Valley week 27Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555 ext 101

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