11 23 19 Market Update Fox Valley
11 23 19 Market update Fox Valley. New listing this week were down. 166 this week compared to 193 the week before. Not good for buyers that are still out looking. Things are still active so I hope that most people that are thinking about selling are just waiting to get to the other side of the Thanksgiving holiday.
Closed listings were up this week. 224 this week compared to 173 the week before. We are getting to the end of the month. when most buyers want to close.
Take a look at the communities that had the most activity this week:
Aurora-New 16 $114,900-$450,000
Bolingbrook-New 12 $174,900-$449,954
Geneva-New 6 $239,900-$595,000
Naperville-New 37 $235,000-$1,790,000
Plainfield-New 29 $188,000-$599,900
St Charles/Campton Hills-
Closed-New 21 $190,000-$900,000
Yorkville-New 8 $195,000-$349,000
Contracts accepted this week
Contracts accepted this week were very consistent. 177 this week compared to 178 the week before. We love consistency! You can’t get more consistent than that. Next week the numbers will be off because of the holiday.
Look at the communities that sellers accepted the most contracts this week:
Aurora-16 Batavia-10 Bolingbrook-14
Naperville-37 Oswego-10 Plainfield-20
St Charles/Campton Hills-10 West Chicago-11
Only 2 short sales accepted this week 1 each in Aurora and Bolingbrook. Now they will be submitted to the lender to see if they will also accept contract price and terms.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 3 with 48 hours and 3 with 24 hours.
Contracts were also accepted by sellers 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 activity by the month
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 579 573 523
Total 14,892 9,948 11,657
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will guide you through the process whether buying/selling a home.
If you are thinking about selling we will be do a market analysis on your home to let you know what it is worth is today’s market. Provide you with a net proceeds that shows you the expenses to sell your home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.
Thinking about buying a home? Your first step is to get pre-qualifed with a loan officer so you know what type of loan and the price range that will work out best for you.
Check out some great resources:
- Types of loans and the process
- VA loans and the requirements
- Down payment assistance
- Illinois home owner assistance and some communities
- Current interest rates
- School ratings
11 23 19 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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