12 7 19 Market Update Fox Valley
12 7 19 market update Fox Valley. New listings of single family homes were significantly up this week. 173 this week compared to 100 the week before. We are in the first week of December and had a full week. Last week was a holiday week and short a couple of business days. That really has an impact on activity. Above we have pictures you should be able to click on to make larger. The first ones shows the activity for the week. The next 2 show the active listings of single family homes in Kane and Kendall Counties. It is broken down so you can see how many homes are available in each price range. Both of those show that the price range $250,000-$299,999 have the most homes. If that is not your price range you can see the amount of homes to see are more limited.
Closed single family homes this week were slightly down. 142 this week compared to 154 the week before. It is the beginning of the month. Most buyers prefer to close closer to the end of the month.
Take a look at the communities this week with the most activity:
Aurora-New 23 $123,900-$469,000
Bolingbrook-New 17 $159,000-$708,900
Naperville-New 34 $289,900-$2,399,000
Plainfield-New 26 $215,000-$730,000
St Charles/Campton Hills-
Contracts accepted this week
Contracts accepted this week on single family homes were pretty consistent with the week before. 127 this week compared to 133 the week before. These numbers are low though. You have to go back to January to see these numbers. There is still activity but nothing like Spring or Summer markets. Now is the time pricing your home is most important. If you are overpriced it will just sit there.
Look at the communities this week that sellers accepted the most contracts:
These are the communities that consistently do the most activity. I am surprised St Charles is not one of them listed here.
There were 3 short sales accepted this week. 2 in Bolingbrook and 1 in Plainfield. Now they will be submitted to the lender to see if they will also accept as written.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.
Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 2 with 48 hours.
2019 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 679 727 656
December 173 142 127
Totals 15,165 10,244 11,917
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 whether buying/selling a home. Our office is very convenient just next door to the Village hall of Montgomery.
Thinking about selling your home? Let us update the value of your home in today’s market 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.
If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know what type of loan and price range that will work out best for you. We can make some recommendations.
We can also recommend real estate attorneys and home inspectors.
Check out some great resources:
- Types of loans and the process
- VA loans and the process
- Current interest rates
- Down payment assistance
- Illinois home owner assistance and some communities
- School ratings
12 7 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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