Market update Fox Valley week 24

Market update Fox Valley week 24.  We are getting closer to the halfway point of the year.  Now is a great time to sell!  Homes are moving pretty quickly if they are in good condition and priced right.  Inventory remains low so if you are thinking about selling contact us.

Market update Fox Valley week 24
Single Family Homes

 

 

 

 

 

 

 

 

 

 

 

 

 

Closed listings this week were down  11.29%.  212 closed this week compared to 239 the week before.  These numbers should increase as we get closer to the end of the month when most buyer’s want to close.

Take a look at the communities with the most activity this week:

Aurora-New 31 $95,000-$399,900

            Closed-24 $94,094-$462,000

Batavia-New 10 $218,900-$450,000

             Closed-9 $196,000-$457,000

Bolingbrook-New 15 $194,900-$430,894

                    Closed-9 $205,000-$390,000

Geneva-New 22 $319,900-$1,400,000

             Closed-13 $150,000-$415,000

Montgomery-New 10 $118,000-$319,000

                     Closed-10 $125,000-$270,000

Naperville-New 79 $249,900-$1,485,000

                 Closed-31 $245,000-$860,000

Oswego-New 17 $160,000-$393,500

              Closed-15 $215,000-$509,000

Plainfield-New 35 $190,000-$575,000

                Closed-27 $177,000-$480,000

St Charles/Campton Hills-

               New 27 $210,000-$2,200,000

               Closed-19 $231,000-$700,000

If any of these communities interest you and you want to receive listings let us know which community and price range here.

Contracts accepted this week

Market update Fox Valley week 24-Contracts accepted this week
Single Family Homes

 

 

 

 

 

 

 

 

 

 

Contracts accepted this week were up 8.34%.  390 listings of single family homes this week compared to 360 the week before.  With only 303 new listings this week that really puts us down with inventory.  We need new listings!
Not all of these homes that went under contract will close.  Some of them will not make it passed the attorney review and home inspection period.  It doesn’t always mean there is something wrong.  Sometimes negotiations stall here.

Look at the communities seller’s accepted the most contracts:

Aurora-48                                   Batavia-13
Bolingbrook-36                           Geneva-26
Minooka-11                                 Montgomery-17
Naperville-57                               Oswego-21
Plainfield-40                                Plano-13
St Charles/Campton Hills-27       Sycamore-10
West Chicago-10                         Yorkville-17
2 sort sales were accepted this week. 1 each in Bolingbrook and West Chicago.  Now they will go to the lender to see if they will also accept.
Seller’s accepted contracts that are contingent on the buyer closing on their current home.  13 with a kick-out clause of 72 hours, 28 with 48 hours and 4 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours, 10 with 48 hours and 1 with 24 hours.
These seller’s have confidence in the market that they will still close with these contingencies.

Market update 2020 by the month

Month                             New   Closed   Contracts accepted

January                        1,105     566             858

February                      1,267     529          1,024

March                          1,352     707          1,079

April                               648     786              775

May                             1,352  1,010          1,444

June                                629     451             750  

Totals                           6,982  4,049          5,930

Check back with us each Saturday.  At the end of the month we will also post the last couple of years so you can see the difference from year to year.

Contact us

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.

We can update the value of your home in the current market and let you know what you need to do to get your home ready to sell.  Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.  This will be updated when an offer comes in and we know all the terms.

Now is a great time to buy with interest rates so low!  Call a loan officer to get pre-qualified so you know what type of loan and what price range works out best for you.  We can make recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley week 24.  Have a great week!

Market update Fox Valley June 6 2020
Kristine Heiman, Designated Managing Broker

 

 

 

 

 

 

 

 

 

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.