Real Estate Market

Fox Valley Market Trends - November 2019

National Real Estate Overview

Note: September 2019 data below are the most recent released by the National Association of Realtors.

Existing-home sales receded in September following two consecutive months of increases, according to the National Association of Realtors®. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines.

Total existing-home sales (transactions that include single-family homes, townhomes, condominiums and co-ops) fell 2.2% from August to a seasonally adjusted annual rate of 5.38 million in September. Despite the decline, overall sales are up 3.9% from a year ago (5.18 million in September 2018).

National Association of Realtors August 2019 Data

Lawrence Yun, NAR’s chief economist, said that despite historically low mortgage rates, sales have not commensurately increased, in part due to a low level of new housing options. “We must continue to beat the drum for more inventory,” said Yun, who has called for additional home construction for over a year. “Home prices are rising too rapidly because of the housing shortage, and this lack of inventory is preventing home sales growth potential.”

 

The median existing-home price for all housing types in September was $272,100, up 5.9% from September 2018 ($256,900), as prices rose in all regions. September’s price increase marks 91 straight months of year-over-year gains.

Total housing inventory at the end of September sat at 1.83 million, approximately equal to the amount of existing-homes available for sale in August, but a 2.7% decrease from 1.88 million one year ago. Unsold inventory is at a 4.1-month supply at the current sales pace, up from 4.0 months in August and down from the 4.4-month figure recorded in September 2018.

Properties typically remained on the market for 32 days in September, up from 31 days in August and even with September 2018. Forty-nine percent of homes sold in September 2019 were on the market for less than a month.

First-time buyers were responsible for 33% of sales in September, up from 31% in August and 32% recorded in September 2018. NAR’s 2018 Profile of Home Buyers and Sellers – revealed that the annual share of first-time buyers was 33%.

As the share of first-time buyers rose, individual investors or second-home buyers, who account for many cash sales, purchased 14% of homes in September 2019, unchanged from August but down from 16% recorded last September. All-cash sales accounted for 17% of transactions in September, down from 19% in August and 21% in September 2018.

“For families on the sidelines thinking about buying a home, current rates are making the climate extremely favorable in markets across the country,” said NAR President John Smaby, a second-generation Realtor® from Edina, Minnesota, and broker at Edina Realty. “These traditionally low rates make it that much easier to qualify for a mortgage, and they also open up various housing selections to buyers everywhere.”

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 3.61% in September, down from 3.62% in August. The average commitment rate across all of 2018 was 4.54%.

“Mortgage rates under 4% are amazingly attractive for homebuyers,” said Yun. “The rise in foot traffic as evidenced by the open rates of SentriLock key boxes shows growing buyer interest.”

 

 

Keep your furry friends safe & sound during the winter months!


 

Temperatures are starting to plummet throughout the Fox River Valley. You always remember to bundle up yourself and your family to stay warm and healthy throughout the colder months. What about your pets, though? Despite their furry coats, dogs and cats are at just as much risk during the winter as we are. Make sure to keep your pets warm and cozy inside and outside of your home by following these winter pet care tips. 
 
1. Create a special spot indoors for your pets to keep warm. Give them a cozy bed and their own blanket to cuddle up with.
 
2. Do not allow your dogs or cats to roam alone or sleep outside overnight.
 
3. Just as your shouldn't leave your pets alone in a car during the summer months, you should never leave pets in automobiles during the winter.
 
4. Unless your pet has an undercoat, you should put a sweater or coat on them before taking them outdoors. 
 
5. Your pets' paws can easily get frostbite or irritated by salt. Protect their paws before heading outside by rubbing paw protectant onto their pads or placing booties on them.
 
6. Always keep your dog on a leash when going on walks during the winter. This season has the highest instance of lost dogs than any other time of year.
 
7. Make sure your cats and dogs are not exposed to antifreeze. Antifreeze tastes sweet to pets but is highly toxic and can be lethal when consumed. Always wipe up any antifreeze in your driveway or garage. Immediately contact your veterinarian if you believe your pet has ingested any antifreeze. 
 
8. Keep a towel by the door so you can wipe your pets' paws as soon as coming back inside. It is very important to get all salt/de-icing materials, snow, and ice off of their paws as quickly as possible.
 
9. Check your pets for any signs of frostbite on their ears, paws, legs, and tail. 
 
10. Just like our skin gets drier during the winter months, the same thing happens to our cats and dogs. Avoid dry, flaky skin by bathing your pets less frequently during the winter and using a moisturizing shampoo when you do bathe them.
 
11. Use a humidier in your home to help with your pets' overall health. 
 
12. Make sure that pets cannot get close to any heaters or furnaces that could burn them. 
 
13. Keep an emergency supply of pet food and medications in case you are unable to leave the house due to winter weather.

 

Temperatures are starting to plummet throughout the Fox River Valley. You always remember to bundle up yourself and your family to stay warm and healthy throughout the colder months. What about your pets, though? Despite their furry coats, dogs and cats are at just as much risk during the winter as we are. Make sure to keep your pets warm and cozy inside and outside of your home by following these winter pet care tips. 
 
1. Create a special spot indoors for your pets to keep warm. Give them a cozy bed and their own blanket to cuddle up with.
 
2. Do not allow your dogs or cats to roam alone or sleep outside overnight.
 
3. Just as your shouldn't leave your pets alone in a car during the summer months, you should never leave pets in automobiles during the winter.
 
4. Unless your pet has an undercoat, you should put a sweater or coat on them before taking them outdoors. 
 
5. Your pets' paws can easily get frostbite or irritated by salt. Protect their paws before heading outside by rubbing paw protectant onto their pads or placing booties on them.
 
6. Always keep your dog on a leash when going on walks during the winter. This season has the highest instance of lost dogs than any other time of year.
 
7. Make sure your cats and dogs are not exposed to antifreeze. Antifreeze tastes sweet to pets but is highly toxic and can be lethal when consumed. Always wipe up any antifreeze in your driveway or garage. Immediately contact your veterinarian if you believe your pet has ingested any antifreeze. 
 
8. Keep a towel by the door so you can wipe your pets' paws as soon as coming back inside. It is very important to get all salt/de-icing materials, snow, and ice off of their paws as quickly as possible.
 
9. Check your pets for any signs of frostbite on their ears, paws, legs, and tail. 
 
10. Just like our skin gets drier during the winter months, the same thing happens to our cats and dogs. Avoid dry, flaky skin by bathing your pets less frequently during the winter and using a moisturizing shampoo when you do bathe them.
 
11. Use a humidier in your home to help with your pets' overall health. 
 
12. Make sure that pets cannot get close to any heaters or furnaces that could burn them. 
 
13. Keep an emergency supply of pet food and medications in case you are unable to leave the house due to winter weather.

 

 

Fabulous Featured Homes for November!

November is an excellent time of year to find and purchase your dream home!!
Take a look at these fantastic featured homes!
4N589 HIGH MEADOW ROAD, ST. CHARLES, IL $569,900
4 Bedrooms/ 3.5 Baths/ 3,995 SqFt
VIEW MORE PHOTOS HERE
Wonderfully updated home on a beautiful wooded lot in sought after neighborhood - renovated kitchen, baths, fixtures, hardware... Exceptional millwork... Elegant move-in decor!! You will love the granite kitchen with Stainless Steel appliances and the octagonal dinette that opens to a dramatic 2-story 4-season sunroom which leads to an expansive maintenance free pergola deck and brick paved patio with a granite kitchen which overlooks a truly spectacular private setting!! Master bedroom with a cozy fireplace, 2 walk-in closets, and a luxurious bath with Jacuzzi and body spray shower - huge bedrooms all with dual closets... Bedroom 3 opens to a 17x12 versatile bonus room! Sunken family room with impressive fireplace also opens to the lovely sunroom... Finished walk-out basement with bath, recessed wet bar, fireplace, playroom, and a rec room that opens to the private lower patio and the beautifully landscaped yard with stone outcroppings!!!
 
426 WOLCOTT LANE, BATAVIA, IL  $239,900.
3 Bedrooms/ 2.5 Baths/ 1,903 SqFt
VIEW MORE PHOTOS HERE
Lovely townhome in fabulous location close to Randall Road corridor w/shopping, dining & entertainment! Bright flowing floor plan w/great rm, stainless kitchen & spacious dining room w/transom glass door opening to upper deck backing to serene pond & mature trees. Vaulted foyer; 1st floor laundry, Multi-purpose 2nd floor loft; master w/walk-in closet & private bath; nice size bedrooms throughout; full English basement; 2-car attached garage. Newer: carpet, oven, dishwasher, hot water heater, sump pump... All on a beautiful premium lot offering privacy, lush landscaping & gorgeous pond vistas! Quick close possible - great value!
 
3074 RENARD LANE, ST. CHARLES, IL  $239,900.
3 Bedrooms/ 2.5 Baths/ 2,031 SqFt
VIEW MORE PHOTOS HERE
Totally renovated in 2015 this home stands above the rest and shows like a model home... New kitchen, baths... Updated flooring and fixtures!!! Totally renovated granite kitchen with island/breakfast bar, custom maple cabinetry with soft close drawers, and Stainless Steel appliances... Huge master bedroom suite - note size - with vaulted ceiling, sitting area, dual mirrored closets... Family room with fireplace... Convenient 2nd floor laundry... Garage with epoxy floor... And a fabulous open flexible floor plan that will suit any lifestyle!! Very convenient location close to the Randall Road shopping restaurant corridor, Otter Cove Aquatic Park, and bike path... Private lot with towering trees!!
 
Let us know which homes you'd like to see!
Not seeing what you're looking for here?  Start your customized home search here:  https://www.foxvalleylistingupdates.com/idx/8997/search/

November is an excellent time of year to find and purchase your dream home!!
Take a look at these fantastic featured homes!

 
4N589 HIGH MEADOW ROAD, ST. CHARLES, IL $569,900



4 Bedrooms/ 3.5 Baths/ 3,995 SqFt
VIEW MORE PHOTOS HERE


Wonderfully updated home on a beautiful wooded lot in sought after neighborhood - renovated kitchen, baths, fixtures, hardware... Exceptional millwork... Elegant move-in decor!! You will love the granite kitchen with Stainless Steel appliances and the octagonal dinette that opens to a dramatic 2-story 4-season sunroom which leads to an expansive maintenance free pergola deck and brick paved patio with a granite kitchen which overlooks a truly spectacular private setting!! Master bedroom with a cozy fireplace, 2 walk-in closets, and a luxurious bath with Jacuzzi and body spray shower - huge bedrooms all with dual closets... Bedroom 3 opens to a 17x12 versatile bonus room! Sunken family room with impressive fireplace also opens to the lovely sunroom... Finished walk-out basement with bath, recessed wet bar, fireplace, playroom, and a rec room that opens to the private lower patio and the beautifully landscaped yard with stone outcroppings!!!

 
 
426 WOLCOTT LANE, BATAVIA, IL  $239,900.

 

3 Bedrooms/ 2.5 Baths/ 1,903 SqFt
VIEW MORE PHOTOS HERE


Lovely townhome in fabulous location close to Randall Road corridor w/shopping, dining & entertainment! Bright flowing floor plan w/great rm, stainless kitchen & spacious dining room w/transom glass door opening to upper deck backing to serene pond & mature trees. Vaulted foyer; 1st floor laundry, Multi-purpose 2nd floor loft; master w/walk-in closet & private bath; nice size bedrooms throughout; full English basement; 2-car attached garage. Newer: carpet, oven, dishwasher, hot water heater, sump pump... All on a beautiful premium lot offering privacy, lush landscaping & gorgeous pond vistas! Quick close possible - great value!

 
 
3074 RENARD LANE, ST. CHARLES, IL  $239,900.

 

3 Bedrooms/ 2.5 Baths/ 2,031 SqFt
VIEW MORE PHOTOS HERE


Totally renovated in 2015 this home stands above the rest and shows like a model home... New kitchen, baths... Updated flooring and fixtures!!! Totally renovated granite kitchen with island/breakfast bar, custom maple cabinetry with soft close drawers, and Stainless Steel appliances... Huge master bedroom suite - note size - with vaulted ceiling, sitting area, dual mirrored closets... Family room with fireplace... Convenient 2nd floor laundry... Garage with epoxy floor... And a fabulous open flexible floor plan that will suit any lifestyle!! Very convenient location close to the Randall Road shopping restaurant corridor, Otter Cove Aquatic Park, and bike path... Private lot with towering trees!!

 
Let us know which homes you'd like to see!
Not seeing what you're looking for here?  Start your customized home search here:  https://www.foxvalleylistingupdates.com/idx/8997/search/