Market update Fox Valley week 34

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

            Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

             Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

                     Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

             Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

                      Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

                 Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

              Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

                Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

                New 27 $150,000-$1,325,000

                Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

                 Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

              Closed-10 $239,900-$450,000

Contracts accepted this week

Market update Fox Valley week 34-Contracts accepted this week

Aurora-66                                      Bolingbrook-17

Geneva-13                                     Naperville-66

North Aurora-11                            Oswego-10

Plainfield-38                                   Plano-11

St Charles/Campton Hills-34          West Chicago-11

Yorkville-18

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.

Contact us

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:

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!

Market update Fox Valley week 34Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

Leave a Reply