Market update Fox Valley week 34
Market update Fox Valley week 34. New listings were slightly lower this week. 253 new single family homes this week compared to 264 the week before. See if any of the communities above have new listings that are in your price range. Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.
Closed listings this week were also slightly lower than the week before. 332 this week compared to 340 the week before. Usually they increase as we get closer to the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 28 $129,900-$650,000
Batavia-New 5 $300,000-$620,000
Bolingbrook-New 11 $160,000-$699,900
Geneva-New 8 $361,000-$685,000
Montgomery-New 10 $189,900-$344,900
Naperville-New 56 $280,000-$7,250,000
Oswego-New 15 $214,900-$500,900
Plainfield-New 31 $220,000-$850,000
St Charles/Campton Hills-
New 27 $150,000-$1,325,000
Sycamore-New 5 $179,000-$394,000
Yorkville-New 11 $237,500-$550,000
Contracts accepted this week
North Aurora-11 Oswego-10
St Charles/Campton Hills-34 West Chicago-11
No short sale accepted contracts this week.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 16 with 48 hours and 3 with 24 hours.
Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours and 8 with 48 hours.
2020 by the month
Month New Closed Contracts accepted
January 1105 566 858
February 1267 529 1024
March 1186 707 1079
April 648 786 775
May 1352 1010 1444
June 1232 908 1534
July 1417 1453 1852
August 796 1010 1091
Totals 9003 6969 9657
Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.
Solds are the most important figures to look at. Those are actual numbers. New listings can be canceled and relisted. Contracts accepted might not actually close. Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through. That is why there is such a big difference in the totals. Some of them get accepted, canceled and relisted and contract accepted again.
Call us with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
It is still a great time to sell. Inventory continues to remain extremely low. There is not a lot of competition right now. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you and estimate of expenses to sell so you can see where you are at. This will be updated when an offer comes in and we know all the terms.
If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan. We will need to submit this with an offer when you find a home.
Check out some great resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois homeowner assistance and some community assistance
Let us know if you are looking for any other information. We can point you in the right direction.
Market update Fox Valley week 34. Have a great week!
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101