Fox Valley Market Update 1-11-2020
Fox Valley market update 1-11-2020 of single family homes. Our first full week of the new year picked up activity. 218 new listings of single family homes compared to 138 the week before. We are happy to see the increase of homes on the market. Choice is not an option in some price ranges. We hope this year will be different and more choices will be available this year.
Closed homes was slightly down this week. 108 this week compared to 118 the week before. This will 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 30 $59,900-$619,000
Bolingbrook-New 16 $175,000-$579,000
Geneva-New 10 $262,000-$1,199,000
Naperville-New 34 $304,850-$3,750,000
Oswego-New 14 $184,900-$435,900
Plainfield-New 26 $174,900-$515,900
St Charles/Campton Hills-
Sugar Grove-New 11 $229,900-$1,250,000
Yorkville-New 10 $237,700-$499,900
Contracts accepted this week
Contracts accepted this week increased by about 67%. 159 this week compared to 107 the week before. Buyers are out there just waiting for the right home to come on the market. Is it yours? It just might be so give us a call and let’s get your home on the market.
Communities this week that sellers accepted the most contracts:
St Charles/Campton Hills-14
No short sales contracts accepted this week. That does not mean there are no short sale properties out there. They just have not found a buyer yet.
Sellers have accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 9 with 48 hours.
Also sellers have accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.
These sellers felt confident enough in the market that these homes will close to accept their contract.
2020 by the month
Month New Closed Contracts accepted
January 356 226 266
Looking back at previous 2 years
January 12 2019 445 200 243
January 13 2018 388 230 258
This is for the 2nd week in January the previous 2 years. Weather has not been a factor so far this year. We have had a mild winter so far. Last year January and February were brutal. I can’t remember the weather for 2018 during this time. Activity happens throughout the year. You might want to get a jump on the Spring market so you don’t have as much competition to sell.
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you. Seller’s want to be confident that the people coming through their homes are qualified.
Let us update the value of your home in today’s market. We will do a market analysis and provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.
Check out some great resources:
- Types of loans and the process
- VA loans and the process
- Current interest rates
- Down payment assistance
- Illinois homeowner assistance and some community assistance
- School ratings
Fox Valley market update 1-11-2020. Have an amazing week!
Kristine Heiman, Designated Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
Sign up for another way to search for a home that you can change to satellite view and it also has a chat feature.