Market update Fox Valley week 35

Market update Fox Valley week 35 Market update Fox Valley week 35.  New listings of single family homes were slightly down this week.  241 this week compared to 253 the week before.  Schools are back so that might be contributing to the lower numbers.  Hopefully they will pick up because there is still buyers looking to find a home.  The need has not been met yet.

Closed single family homes were also slightly down this week.  325 this week compared to 332 the week before.  Monday is the last day of the month and will be applied to September totals.  It might be a big day too since it is the last day of the month.

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

Aurora-New 24 $172,500-$475,000

            Closed-47 $95,000-$875,000

Batavia-New 9 $275,000-$750,000

             Closed-10 $231,000-$696,639

Bolingbrook-New 15 $188,000-$999,000

                     Closed-17 $200,000-$434,900

Geneva-New 12 $115,000-$671,500

             Closed-21 $242,899-$868,000

Montgomery-New 8 $214,000-$319,900

                      Closed-11 $141,000-$329,500

Naperville-New 58 $299,000-$2,599,000

                 Closed-53 $220,000-$1,435,000

Oswego-New 11 $135,000-$497,560

              Closed-13 $235,000-$488,000

Plainfield-New 29 $184,900-$849,900

                Closed-39 $172,500-$650,000

St Charles/Campton Hills-

                New 20 $275,000-$2,395,000

                Closed-27 $211,000-$1,200,000

West Chicago-New 6 $225,000-$950,000

                       Closed-14 $171,500-$448,000

Yorkville-New 6 $235,000-$374,900

              Closed-13 $205,000-$365,000

If you can’t find a home in the community you are looking at in your price range you might try looking at another community that might have what you are looking for.

Contract accepted this week

Market update Fox Valley week 35-Contracts accepted this weekContracts accepted this week were down by 12.  345 this week compared to 357 the week before.  These numbers would be higher with more homes to show buyers.  The ones that are on the market and priced right are going right away.  Some with multiple offers.  It is a great time to sell.

Look at the communities that accepted the most contracts this week:

Aurora- 50                                    Batavia-13

Bolingbrook-21                             Geneva-15

Montgomery-19                            Naperville-52

Oswego-25                                    Plainfield-31

St Charles/Campton Hills-27         Yorkville-23

5 short sales were accepted this week by sellers.  1 each in Aurora, Montgomery, Naperville, Plainfield 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.  16 with a kick-out clause of 72 hours, 23 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.  4 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

2020 by the month and compared to 2019 and 2018

Month                       New     Closed     Contract 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                 1037        1335             1424

Totals                   9244        7294           10002

2019

January                  878          407                568

February              1032          463                832

March                  1731          915             1375

April                    1594          792             1307

May                     1645          995             1280

June                     1643       1253             1218

July                      1423       1008             1090

August                 1585        1330             1196   

Totals                 11531        7163             8866

2018

January                 808           489                606

February             1040           444                856

March                 1549           907              1564

April                   1515           836              1278

May                    1569         1066              1344

June                    1828         1720              1474

July                    1318           994               1061

August               1294         1032                  989

Totals               10921         7488               9172

We are doing slightly better than 2019 but less than 2018 in closed single family homes.  We are way down on new listings.  Our totals for closed could be even better if we had more homes on the market.  Especially if we had a wider range of prices.

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.

It is a great time to sell.  Even this time of year.  Buyers are still waiting for homes to come on the market.  Multiple offers are still happening on homes that are in market-ready condition and priced right.  Request a  home valuation and we will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you an estimate of expenses to sell and give you an idea of what you have to work with.  This will be updated once you get an offer and we know all the terms. 

Thinking of buying a home?  You need to be ready to go and flexible with your time and go when a home first comes on the market or you will miss out.  You need to call a loan officer and get pre-qualified and make sure you keep it up to date once they give you a letter showing what you qualify for.  It can’t be more than 30 days old.  You might find a home over the weekend and have a hard time getting in touch with your loan officer to update it so keep an eye on the dates.

Check out some great resources:

If you are having trouble paying your mortgage because of Covid-19 check with IDHA to see if you qualify for assistance.  This ends September 4th but do not wait until the end they might run out of money for help.  If you do not qualify and are having a hard time and want to sell to get the money out of your home to move give us a call.

Market update Fox Valley week 35.  Have a great week!

Market update Fox Valley week 35Kristine 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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