Fox Valley Market Update June 8 2019

Fox Valley market update June 8 2019. New listings of single family homes were up this week! 401 this week compared to 359 the week before. Good news for buyer’s that are out there trying to find a home.

2019 new listings of single family homes month by month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June so far-401

Closed single family homes were also up. 326 this week compared to 296 the week before. That is surprising for the beginning of the month. Most buyer’s want to close at the end of the month.

Closed single family homes 2019 month by month:

January-407
February-465
March-915
April-790
May-1,391
June so far-326

So far May is the busiest month for both new listings and closed single family homes.

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

Aurora-New 43 $89,900-$539,900 Closed-44 $115,000-$706,000

Batavia-New 14 $269,250-$799,900 Closed-12 $228,000-$464,000

Bolingbrook-New 24 $159,999-$575,000 Closed-28 $149,000-$400,000

Geneva-New 26 $225,000-$1,599,000 Closed-13 $250,000-$598,500

Montgomery-New 14 $135,076-$325,000 Closed-10 $210,000-$300,000

Naperville-New 72 $259,900-$2,550,000 Closed-62 $255,000-$1,262,000

North Aurora-New 12 $245,000-$499,900 Closed-5 $205,000-$342,700

Oswego-New 18 $209,000-$659,000 Closed-22 $135,000-$492,500

Plainfield-New 39 $174,900-$599,900 Closed-44 $169,900-$517,000

St Charles/Campton Hills-New 36 $149,900-$775,000 Closed-19 $167,000-$995,000

West Chicago-New 16 $150,000-$1,200,000 Closed-6 $141,000-$570,000

Yorkville-New 13 $229,900-$425,000 Closed-18 $215,000-$515,000

Contracts accepted this week

Contracts on single family homes were up this week. 336 this week compared to 285 the week before. This next week should be good as well with all the new listings.

Contracts accepted 2019 month by month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-336

These numbers, even though we do not know if they will all close, give you an idea of closings to come. It shows you which months are more active with buyer’s out there ready to buy.

Communities this week that seller’s accepted the most contracts:

Aurora-44 Batavia-11 Bolingbrook-28 Geneva-10

Montgomery-17 Naperville-61 Oswego-14 Plainfield-44

St Charles/Campton Hills-26 West Chicago-11 Yorkville-10

There was only 1 short sales accepted by a seller this week and it was in Plainfield. Last week there were 2. We are happy to see these numbers remain low.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 16 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. 3 with a kick-out clause of 72 hours, 7 with 48 hours and 4 with 24 hours.

Contact us

We are keeping and eye on the market. Call us with any questions you have 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 you are selling or buying a home.

Resources to check out:

We want to explain the process to you so you feel comfortable with your decisions. We guide you through the process.

Fox Valley market update June 8 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

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