11 9 2019 Market Update Fox Valley
11 9 2019 market update Fox Valley. New listings of single family homes stayed consistent this week. 220 this week compared to 218 the week before. We love a consistent market! Maybe you will see something that fits your criteria for a home.
Closed listings of single family homes was down this week. 176 this week compared to 219 the week before. That is the difference between the beginning of the month and the end of the month when most buyers want to close.
Take a look at the communities with the most activity this week:
Aurora-New 34 $90,000-$500,000
Bolingbrook-New 12 $174,900-$439,000
Geneva-New 12 $265,000-$744,900
Naperville-New 31 $269,750-$1,025,000
Oswego-New 13 $198,000-$430,000
Plainfield-New 30 $164,900-$590,000
St Charles/Campton Hills-
Yorkville-New 11 $234,900-$479,900
Contracts accepted this week
Contracts accepted this week by sellers was down this week. 168 this week compared to 183 the week before. Now is the time to make sure you price your home right from the beginning.
Look at the communities that sellers accepted the most contracts:
Aurora-26 Bolingbrook-11 Naperville-33
5 short sales were accepted this week on single family homes. 2 in Yorkville and 1 each in Aurora, Plainfield and St Charles/Campton Hills. Now they will be submitted to the lender to see if they will also accept.
Contracts were accepted by sellers on single family homes that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 2 with 48 hours and 4 with 24 hours.
Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.
2019 by the month for new listings, closed and contracts accepted
Month New Closed Contracts accepted
January 878 407 608
February 1,032 465 832
March 1,731 915 1,375
April 1,594 790 1,307
May 2,004 1,391 1,665
June 1,643 1,253 1,218
July 1,423 1,029 1,090
August 1,585 1,403 1,211
September 1,164 765 869
October 1,259 957 959
November 220 176 168
Total 14,533 9,551 11,302
Some of these new listings of single family homes are listed as new then after a couple months are canceled and relisted as new again so tht figure might not be correct as far as how many homes were listed as new. They might of been counted twice or more. Not all contracts accepted end up closing. Buyer might have trouble getting financing or during the attorney review and inspection period issues sometimes can come up that do not get resolved. It is very important to have a good REALTOR® and real estate attorney to help resolve any issues that come up. Most can be resolved if handled correctly. Others will take too much time to resolve so everyone moves on.
Call us at 630-503-6555 Kristine Heiman, Managing Broker ext 101 or Bobby Burson, Broker ext 105. Your goal is our goal. We will do everything we can to help you reach your goal. whether buying or selling a home.
Let us update the value of your home in today’s market. We will provide you with a net proceeds that will give you an estimate of expenses to sell your home. This will be updated again when an offer comes in and we know all the terms.
If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified. They will tell you what type of loan and what price range will work out best for you. Do you need recommendations? We will be happy to give you a few loan officers to contact so you can decide who you want to work with.
Check out some great resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home owner assistance and some communities
- School ratings
Let us know what other information you are looking for. We would be happy to point you in the right direction so all your questions will be answered.
11 9 2019 market update Fox Valley. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
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