Fox Valley Market Update June 15 2019

Fox Valley market update June 15 2019. New listings of single family homes were up this week. 433 new this week compared to 401 the week before. This should make buyer’s happy if they are in the price ranges that they are looking in.

2019 new listings of single family homes by the month:

January-878
February-1.032
March-1,731
April-1,594
May-2,004
June so far-834

Closing this week were slightly down. 294 this week compared to 326 the week before. These numbers will increase as we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June so far-620

So far May is the biggest month for new listings and closings.

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

Aurora-New 44 $109,900-$529,900 Closed-34 $106,000-$385,000

Batavia-New 17 $99,900-$559,870 Closed-12 $265,968-$482,500

Bolingbrook-New 37 $144,900-$749,000 Closed-16 $194,900-$385,000

Geneva-New 24 $227,500-$929,999 Closed-17 $229,000-$485,000

Naperville-New 76 $290,000-$1,279,000 Closed-54 $252,000-$1,340,476

Oswego-New 24 $229,900-$375,000 Closed-20 $212,000-$395,000

Plainfield-New 59 $169,900-$975,000 Closed-32 $178,000-$765,000

Plano-New 10 $149,900-$289,900 Closed-3 $186,000-$265,000

St Charles/Campton Hills-New 39 $149,900-$1,299,000 Closed-25 $145,000-$833,920

Sycamore-New 10 $235,000-$409,000 Closed-10 $140,000-$306,000

West Chicago-New 12 $176,000-$500,000 Closed-12 $145,000-$642,500

Yorkville-New 22 $184,700-$564,900 Closed-11 $211,000-$363,500

Contracts accepted this week

Contracts of single family homes were slightly down this week. 317 this week compared to 336 the week before. That is not too far off. So many people are busy with the end of school and graduations. Some even out of town.

Look at the communities this week that seller’s accepted the most contracts:

Aurora-46 Bolingbrook-22 Geneva-15

Naperville-48 North Aurora-10 Oswego-18

Plainfield-43 St Charles/Campton Hills-26 Yorkville-18

Contracts accepted by the month for 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-653

This gives you an idea of the closings to come and which months buyer’s found a home an acted on it. So far May has been the best month to list a home, close on a home and get a contract accepted on a home.

Short sales accepted this week were still low. 2 accepted this week by seller’s compared to 1 the week before. This week there was 1 each in Aurora and Bolingbrook. Now they will be submitted to the lender to see if they will also accept as written.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out clause of 72 hours, 16 with 48 hours and 3 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer’s selling and closing on their current home. 4 with a 72 hour kick-out clause, 4 with 48 hours and 3 with 24 hours.

Contact us

Call us with any real estate questions you have at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best.

Check out these resources:

Fox Valley market update June 15 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

You might also like trying out this way to search for a home. If you click on satellite view you an see from above the home to see how it is situated on the property. If it is a corner lot or what else is for sale in the area. Try it out and let me know what you think!