Real Estate Market

Fox Valley Market Trends - September 2019

National Real Estate Overview

U.S. Real Estate Overview

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

Existing-home sales strengthened in July, a positive reversal after total sales were down slightly in the previous month, according to the National Association of Realtors®. Although Northeast transactions declined, the other three major U.S. regions recorded sales increases, including vast growth in the West last month.

Total existing-home sales (transactions including single-family homes, townhomes, condominiums and co-ops) rose 2.5% from June to a seasonally adjusted annual rate of 5.42 million in July. Overall sales are up 0.6% from a year ago (5.39 million in July 2018).


National Association of Realtors July 2019 Data

“Falling mortgage rates are improving housing affordability and nudging buyers into the market,” said Lawrence Yun, NAR’s chief economist. However, he added that the supply of affordable housing is severely low. “The shortage of lower-priced homes have markedly pushed up home prices.”

 

 

The median existing-home price for all housing types in July was $280,800, up 4.3% from July 2018 ($269,300). July’s price increase marks the 89th straight month of year-over-year gains.

Total housing inventory at the end of July decreased to 1.89 million, down from 1.92 million existing-homes available for sale in June, and a 1.6% decrease from 1.92 million one year ago. Unsold inventory is at a 4.2-month supply at the current sales pace, down from the 4.4 month-supply recorded in June and down from the 4.3-month supply recorded in July of 2018.

Properties typically remained on the market for 29 days in July, up from 27 days in June and up from 27 days in July of 2018. Fifty-one percent of homes sold in July were on the market for less than a month.

Per Freddie Mac data, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 3.77% in July, down from 3.80% in June. The average commitment rate across all of 2018 was 4.54%.

First-time buyers were responsible for 32% of sales in July, down from 35% the month prior and about equal to the 32% recorded in July 2018.

 

 

 

The BEST Mortgage

Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage - whether it's a home purchase, a refinancing, or a home equity loan - is a product, just like a car, so the price and terms may be negotiable. You'll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.

The US Department of Housing and Urban Development offers a free brochure to help guide you through this process. Download a free copy today.

Take advantage of our experience! Contact us for a list of preferred mortgage professionals in our area -- pros we know will serve your interests well. Our experience can really help when it comes to finding the right mortgage professional and then getting the right mortgage for your situation.

 

 


Check out these AMAZING Featured Homes for September!

What does your dream home look like?  The following featured homes are sure to meet all your expectations!  If you'd like more information or to schedule a personal tour...just give us a call at 630-513-1771.


5N501 ABBEY GLEN DRIVE, ST. CHARLES, IL
$539,765.
5 Bedrooms/ 5 Baths/ 4,874 SqFt
View more photos here
Quality built home with elaborate trim & moldings, transom & full bay windows, glistening hardwoods on entire first floor... Finished walk-out basement, 5 full baths, private tree lined lot & much more! 2-story foyer with split "T" stairway & leaded glass entry... Huge kitchen with Corian counters, built-in ovens - dinette opens to upper deck & beautiful yard with expansive brick paved patio & walkways! Den with wall of built-ins, closet, & connecting full bath... Impressive 2-story family room with stacked windows & dramatic fireplace! Master bedroom with tray ceiling, whirlpool bath... All bedrooms are spacious & have big walk-in closets... Bedroom 2 with en-suite bath... Bedrooms 3 & 4 with jack 'n jill bath! Quality finished deep pour walk-out basement with full bath, fireplace, built-ins, rec area & lots of windows!! New: roof, gutters, 3 zone furnace & air conditioner, freshly painted & more!! Wonderful neighborhood - fish in the community pond!
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929 FOX GLEN DRIVE, ST. CHARLES, IL
$799,000.
4 Bedrooms/ 6.5 Baths/ 8,748 SqFt
View more photos here
Exceptional home & value-enjoy 8,700 sq ft of living in this custom home located on one of the most scenic lots to be found!! This high gently sloping private lot commands amazing year-round wooded & water views that overlook the St. Charles Country Club Golf Course...The beautifully landscaped yard with in-ground pool & built-in spa is stunning! This impressive home has exceptional millwork & detail throughout & a fabulous open floor plan...Foyer with floating stairway...Living room with 19 ft ceiling & fireplace... Dramatic 2- story family room with soaring fireplace,recessed wet bar & walls of stacked widows...Granite kitchen with stainless steel appliances opens to upper decks & incredible yard...Richly paneled den with fireplace & boxed beamed ceiling...The 2nd floor features a versatile 31x17 loft with wide planked hardwood flooring...Master bedroom retreat with luxurious vaulted bath with body spray shower-3 spacious bedrooms each with en-suite bath!! Finished deep pour walk-out basement opens to expansive patios...Recent updates include wood shake roof,windows,flooring,fixtures...
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4N589 HIGH MEADOW ROAD, ST. CHARLES, IL
$575,000.
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!!!
Fall is an excellent time to purchase your dream home!  Less competition and bidding wars...and a great inventory of homes!  What does your dream home look like?  Let our team of experts find and negotiate the perfect home for you!
You may also get started here with a customized home search:
Find my Dream Home

5N501 ABBEY GLEN DRIVE, ST. CHARLES, IL  $539,765.

 


 

 

 

 

 

 

 

 

 

 

5 Bedrooms/ 5 Baths/ 4,874 SqFt

View more photos here

 
Quality built home with elaborate trim & moldings, transom & full bay windows, glistening hardwoods on entire first floor... Finished walk-out basement, 5 full baths, private tree lined lot & much more! 2-story foyer with split "T" stairway & leaded glass entry... Huge kitchen with Corian counters, built-in ovens - dinette opens to upper deck & beautiful yard with expansive brick paved patio & walkways! Den with wall of built-ins, closet, & connecting full bath... Impressive 2-story family room with stacked windows & dramatic fireplace! Master bedroom with tray ceiling, whirlpool bath... All bedrooms are spacious & have big walk-in closets... Bedroom 2 with en-suite bath... Bedrooms 3 & 4 with jack 'n jill bath! Quality finished deep pour walk-out basement with full bath, fireplace, built-ins, rec area & lots of windows!! New: roof, gutters, 3 zone furnace & air conditioner, freshly painted & more!! Wonderful neighborhood - fish in the community pond!
____________________________________________________________________________________
929 FOX GLEN DRIVE, ST. CHARLES, IL  $799,000.



4 Bedrooms/ 6.5 Baths/ 8,748 SqFt
View more photos here


Exceptional home & value-enjoy 8,700 sq ft of living in this custom home located on one of the most scenic lots to be found!! This high gently sloping private lot commands amazing year-round wooded & water views that overlook the St. Charles Country Club Golf Course...The beautifully landscaped yard with in-ground pool & built-in spa is stunning! This impressive home has exceptional millwork & detail throughout & a fabulous open floor plan...Foyer with floating stairway...Living room with 19 ft ceiling & fireplace... Dramatic 2- story family room with soaring fireplace,recessed wet bar & walls of stacked widows...Granite kitchen with stainless steel appliances opens to upper decks & incredible yard...Richly paneled den with fireplace & boxed beamed ceiling...The 2nd floor features a versatile 31x17 loft with wide planked hardwood flooring...Master bedroom retreat with luxurious vaulted bath with body spray shower-3 spacious bedrooms each with en-suite bath!! Finished deep pour walk-out basement opens to expansive patios...Recent updates include wood shake roof,windows,flooring,fixtures...
___________________________________________________________________________________
4N589 HIGH MEADOW ROAD, ST. CHARLES, IL $575,000.


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!!!

 

Fall is an excellent time to purchase your dream home!  Less competition and bidding wars...and a great inventory of homes!  What does your dream home look like?  Let our team of experts find and negotiate the perfect home for you!
You may also get started here with a customized home search:  Find my Dream Home