Fox Valley Market Update August 3 2019
Fox Valley market update August 3 2019. New listings of single family homes were slightly down this week. 328 this week compared to 346 the week before. Did these people want to enjoy their home for 1 more summer before they sell? Maybe that is the case or maybe with the delayed Spring and all the rain we had they finally have their home market ready.
2019 new single family homes listed by the month:
- August so far-328
Closed single family homes were significantly higher this week. 341 this week compared to 253 the week before. 3 days were the end of July when most of those closings probably took place.
Closed listings of single family homes in 2019 by the month:
- August so far-341
Take a look at the communities with the most activity this week:
Aurora-New 57 $125,000-$724,900
Batavia-New 7 $209,900-$434,900
Bolingbrook-New 27 $129,900-$429,000
Geneva-New 9 $339,900-$799,000
Naperville-New 70 $260,000-$1,299,000
North Aurora-New 6 $247,900-$450,000
Oswego-New 12 $179,900-$1,590,000
Plainfield-New 34 $169,000-$530,000
Sandwich-New 6 $164,999-$299,000
St Charles/Campton Hills-New 23 $205,000-$995,000
Yorkville-New 12 $125,000-$389,000
Contracts accepted this week
Contracts accepted this week on single family homes were slightly higher this week. 274 this week compared to 259 the week before.
Contracts accepted on single family homes for 2019 by the month:
- August so far-274
So far May has been the busiest month for new listings, closings and contracts accepted. Not all contracts accepted close. Some come back on the market. They either had a home inspection issue that could not be negotiated or buyer could not obtain financing. Sometimes there are other issues that come up. These are times that are most important to have a good REALTOR and good real estate attorney to work through the issues.
Look at the communities that Seller’s accepted the most contracts this week:
Aurora-44 Bolingbrook-33 Montgomery-11
Naperville-43 Oswego-14 Plainfield-35
St Charles/Campton Hills-16 West Chicago-10 Yorkville-10
Short sales accepted by Seller’s was exactly the same as the week before. 3 for both weeks. 1 each in Bolingbrook, Montgomery and St Charles/ Campton hills.
Seller’s accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing. 6 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.
Contracts were also accepted by Seller’s that are contingent on the Buyer selling and closing on their current home before purchasing. 6 with a kick-out clause of 72 hours and 9 with 48 hours.
Call us with all of your real estate questions at 630-503-6555. Our goal is to negotiate price and terms that are best whether buying or selling a home.
If you are thinking about selling we can let you know what you need to do to get your home market ready. Provide you with a net proceeds that will let you know the expenses to sell and what you might walk away with. This will be updated when an offer comes in with all the terms so you can make a decision.
Thinking about purchasing? You need to talk to a loan officer to get pre-qualified to find out the type of loan and what price range will work for you.
Check out some resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois homeowner assistance and some communities
- School ratings
Fox Valley market update August 3 2019. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
Check out a different way to search that allows you to see a bird’s eye view and also has a chat feature to ask questions or to let us know you want to schedule a showing. If you are not sure how to navigate it I can do a screen share to guide you through it.