Fox Valley Market Update May 11 2019

Fox Valley market update May 11 2019.  New single family homes listed this week are very consistent.  402 this week compared to 403 the week before.,  You can’t get more consistent than that! Spring market continues to be strong.

Year to date by the month of new listings of single family homes:

• January-878
• February-1,032
• March-1,731
• April-1,594
• May so far-805

Closed listings of single family homes this week were lower than last week.  212 this week compared to 301 the week before.  We are in the beginning of the month so this is to be expected.  Closed listings will increase as we head to the end of the month.

Year to date by the month of closed listings of single family homes:

• January-407
• February-465
• March-915
• April-790
• May so far-513

Take a look at the activity this week:

Aurora-New 48 $121,900-$995,000                                                Closed-36 $59,500-$433,000

Batavia-New 10 $229,000-$529,000                                               Closed-5 $165,000-$575,000

Bolingbrook-New 38 $137,900-$599,900                                        Closed-14 $136,500-$401,000

Geneva-New 23 $190,500-$1,299,000                                            Closed-3 $220,000-$320,000

Montgomery-New 25 $157,000-$320,400                                       Closed-5 $220,000-$297,000

Naperville-New 90 $244,000-$2,995,000                                        Closed-41 $130,000-$960,000

Oswego-New 19 $174,000-$549,900                                              Closed-13 $180,000-$416,903

Plainfield-New $40 $151,000-$549,900                                          Closed-27 $150,000-$727,000

Plano-New 10 $155,000-$316,000                                                  Closed-4 $68,700-$244,000

St Charles/Campton Hills-New 35 $199,000-$1,349,000                Closed-16 $167,000-$772,000

West Chicago-New 10 $224,900-$400,000                                      Closed-6 $110,000-$540,000

Yorkville-New 13 $239,000-$364,900                                              Closed-6 $209,500-$335,000

Contract accepted this week

Contracts accepted this week were slightly off of the week before. 302 this week compared to 338 the week before.   It was another rainy week.  I don’t know if that contributed to it but we are tired of the rain.  Next week it looks like only Wednesday will be raining,  It is a good time to look at homes when it is raining though to see if there are any leaks or water in basements.  So rain sometimes is a good time to look at homes.

Here are the communities that Sellers accepted the most contracts this week:

Aurora-35                                 Batavia-17                         Bolingbrook-23                          Geneva-12

Montgomery-12                        Naperville-48                      Oswego-23                                 Plainfield-33

St Charles/ Campton Hills-31   Yorkville-10

Year to date by the month of contracts accepted:

• January-608
• February-832
• March-1,375
• April-1,307
• May so far-640

Short sales accepted are staying consistent.  4 this week compared to 3 the week before.  Now they will be submitted to the lender to see if they will also accept as written.  1 each in Bolingbrook, Geneva, St Charles/Campton Hills and West Chicago.

Sellers also accepted contracts that are contingent on the Buyer closing on their current home before purchasing.  9 with a kick-out clause of 72 hours, 12 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 before purchasing. 5 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact us

Call us 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 whether selling or buying a home.

Information to check out:

• Loans and process
• VA loans and requirements
• Current interest rates
• Down payment assistance
• Illinois home assistance and some communities 
• School ratings

Now is a great time to sell or purchase a home.  Many lenders are coming up with new loan programs and they also help out with down payment so it is good to check with them.  They also help you with bringing up your credit score so you can hopefully get a better interest rate.  Let us know what questions you have.

Fox Valley market update May 11 2019.  Have a great week!

Kristine Heiman-Mananging Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out this search tool.  If you click on the satellite view you can see where a home for sale is within a neighborhood,  if it has a backyard or is fenced in.  You can also see what else is for sale and the prices.  Let us know how you like it.