Fox Valley Market Update July 27, 2019
Fox Valley market update July 27, 2019. New listings were down this week. 346 new listings of single family homes compared to 383 the week before. No holiday but people are on vacation and getting ready for school to start.
2019 new listings by the month:
- January-878
- February-1,032
- March-1,731
- April-1,594
- May-2,004
- June-1,643
- July-1,077
10,305 total
Closed 2019 by the month:
- January-407
- February-465
- March-915
- April-790
- May-1,391
- June-1,253
- July-1,029
6,250 Total
There will probably be a lot of closings Monday-Wednesday but I will put them on next week for the beginning of August.
Now take a look at the communities with the most activity this week:
Aurora-New 50 $89,000-$479,900
Closed-29 $89,000-$380000
Batavia-New 7 $300,000-$749,900
Closed-10 $50,000-$490,000
Bolingbrook-New 29 $115,900-$539,000
Closed-19 $156,000-$545,000
Geneva-New 13 $222,900-$1,250,000
Closed-11 $175,000-$990,000
Montgomery-New 6 $240,000-$299,900
Closed-12 $137,500-$278,000
Naperville-New 66 $235,000-$2,500,000
Closed-44 $220,000-$1,240,000
Oswego-New 13 $199,900-$594,000
Closed-13 $205,050-$420,000
Plainfield-New 38 $149,900-$569,000
Closed-40 $158,025-$955,000
St Charles/Campton Hills-New 35 $124,900-$825,000
Closed-19 $155,000-$680,000
Sycamore-New 11 $130,000-$350,000
Closed-3 $115,000-$273,995
Yorkville-New 19 $179,922-$739,500
Closed-6 $190,000-$654,250
Contracts accepted this week
Contracts accepted this week were just slightly down. 259 this week compared to 284 the week before.
Take a look at the communities that sellers accepted the most contracts this week:
Aurora-37 Batavia-10 Bolingbrook-14
Geneva-15 Montgomery-10 Naperville-46
Oswego-16 Plainfield-29 St Charles/Campton Hills-13
Yorkville-12
Contracts accepted by the month in 2019:
- January-608
- February-832
- March-1,375
- April-1,307
- May-1,665
- June-1218
- July-1,090
8,095 Total
Keep in mind that not all contracts that get accepted close. Some issues might come up that buyer and seller do not come to an agreement. Some might come back on the market and then get another contract that does close.
Short sales are still very low. 3 were accepted by seller’s this week compared to 2 the week before. 1 each in Montgomery, Naperville and Sugar Grove. Now they will go to the lender to see if they will also accept.
Sellers’s accepted contracts this week that are contingent on the buyer closing on their current home before purchasing. 4 with a kick-out clause of 72 hours, 17 with 48 hours and 2 with 24 hours.
Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.
Contacts 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 buying or selling a home. We will explain the process so you have an idea what all is involved and the best way to get there. We can make recommendations for a loan officer to contact, real estate attorney and home inspector to use.
Resources to check out:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois homes assistance and some communities
Fox Valley market update July 27 2019. Have a great week! Let us know what questions you have.
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for homes today!
200 Webster St
Montgomery, IL 60538
630-503-655
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