Market update Fox Valley May 23 2020

Market update Fox Valley May 23 2020
Single Family Homes

Market update Fox Valley May 23 2020.  New listings of single family homes this week were almost identical to the week before  281 this week compared to 280 last week.  We are still short on inventory though.  We need more homes for the amount of buyers out there wanting to buy.

Closed listings this week were up just under 7%.  190 this week compared to 178 the week before.  We are getting close to the end of the month so they are increasing.  Most buyers want to close at the end of the month so they can bring less money to closing.

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

Aurora-New 31 $98,000-$724,900

            Closed-19 $151,500-$553,000

Bolingbrook-New 14 $204,900-$529,900

                     Closed-17 $125,400-$362,500

Montgomery-New 8 $189,000-$325,000

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

Naperville-New 54 $264,900-$1,200,000

                 Closed-32 $225,000-$800,000

Oswego-New 16 $115,000-$435,900

              Closed-16 $155,000-$420,000

Plainfield-New 37 $210,000-$589,900

                Closed-17 $224,000-$1,035,000

Plainfield-New 15 $125,000-$429,900

                Closed-2 $84,000-$138,000

St Charles/Campton Hills-

                New 25 $234,900-$825,000

                Closed-18 $159,000-$1,150,000

Yorkville-New 8 $249,900-$1,249,000

              Closed-10 $210,000-$345,000

Contracts accepted this week

Market update Fox Valley May 23 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week are up 19.85%.  320 this week compared to 267 the week before.  This is a great time to sell!  The pandemic slowed down the market in April but this month it is going strong.  We need more listings of homes.  There is not enough out there to show the demand of buyers,

Look at the communities that sellers accepted the most contracts this week:

Aurora-41                                 Batavia-14

Bolingbrook-23                        Geneva-10

Montgomery-12                       Naperville-59

Oswego-19                               Plainfield-42

St Charles/Campton Hills-31   Sycamore-10

3 short sales were accepted by sellers this week.  1 each in Naperville, Plano and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  13 with a kick-out clause of 72 hours, 12 with 48 hours and 8 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

2020 by the month

MonthNew   Closed   Contracts accepted

January                       1,105      566             858

February                     1,267      529          1,024

March                         1,186      707          1,079

April                              648      786              775

May                           1,102      798           1,124

Totals                         5,308   3,386           4,860

Next Saturday I will compare to the last couple of years since we will be at the end of the month.  So check back with us to see how we compare.

Contact us

Call us at 630-503-6555 for all of your real estate questions.  Your goal is our goal.  We will do everything we can to help yu reach your goal.

Right now the market is hot here in the Fox Valley.  It is a great time to sell.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about purchasing you will need to talk to a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you.  They will provide you with a letter showing what you are pre-approved for.  This will go with an offer when you find the home you like.

Covid-19 and buying/selling a home

Covid-19 has changed the way we do things.  Things might start to open up next month but I think we will continue to do what we have been doing since the beginning of this.  We discourage in person meetings and showings.  Zoom video meetings is the way we go over paperwork and then we upload the documents to have you sign through docusign.  Some sellers are still allowing showings but if you do not feel comfortable letting people in your home we can do virtual showings.

Home inspectors are doing the inspection alone and then giving you the report and talking to you later.  You used to be able to follow along and they would show you different things like how to maintain the home.  Now they will send you a report with photos and explain everything to you.

Closings the seller will meet with their attorney and sign documents ahead of time.  Buyers will go to the title company to sign.  Some title companies even do curbside closings where they bring the documents out to your car to sign.

Even if we go to the next phase I think we will still keep these practices in place.  We follow the CDC guidelines.

Check out some great resources:

We are here to answer all your real estate questions.  Check back with us every Saturday for the market update.

Market update Fox Valley May 23 2020.  Have a great week!

Market update Fox Valley May 23 2020 Kristine

 

 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

Market update Fox Valley May 16 2020

Market update Fox Valley May 16 2020
Single Family Homes

Market update Fox Valley May 16 2020.  New listings were very consistent with the week before.  280 new single family homes this week compared to 287 the week before.  This is great news!  We love consistency.

Closed listing this week were slightly higher than the week before.  178 closed single family homes this week compared to 169 the week before.  They should get higher as we head into the end of the month when most buyers want to close.

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

Aurora-New 28 $98,000-$995,000

            Closed-23 $115,000-$431,000

Batavia-New 12 $244,900-$531,995

             Closed-6 $224,000-$492,000

Bolingbrook-New 19 $172,500-$879,900

                    Closed-12 $200,000-$347,000

Geneva-New 14 $282,000-$624,900

             Closed-6 $286,500-$485,000

Montgomery-New 11 $184,017-$327,665

                      Closed-7 $147,000-$250,000

Naperville-New 59 $299,900-$2,500,000

                 Closed-35 $265,000-$1,331,500

Oswego-New 17 $194,900-$675,000

              Closed-9 $179,000-$427,500

Plainfield-New 23 $215,000-$489,000

                Closed-28 $190,000-$557,000

St Charles-New 28 $175,000-$745,000

                 Closed-12 $245,000-$1,175,000

West Chicago-New 10 $169,900-$449,900

                      Closed-1 $375,000

Yorkville-New 10 $229,900-$495,000

              Closed-8 $234,000-$550,000

Contracts accepted this week

Market update Fox Valley May 16 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were slightly higher than last week.  267 accepted this week compared to 259 the week before.  Buyers are out there and ready to go.  They just need more homes to look at in all the different price ranges.  Inventory remains low.

Look at the communities that sellers accepted the most contracts:

Aurora-40                             Bolingbrook-17

Geneva-12                            Montgomery-12

Naperville-40                        Oswego-18

Plainfield-29                         St Charles/Campton Hills-19

Yorkville-11

2 short sales were accepted this week by sellers.  1 each in Batavia and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  13 with a kick-out clause of 72 hours, 13 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts 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.

2020 by the month

Month                             New   Closed   Contracts accepted

January                       1,105      566            858

February                     1,267      529         1,024

March                        1,186      707         1,079

April                             648      786             775

May                              821      608             804

May has already gone above April totals.  We are looking at having a great month!   We just need more homes to come on the market.  Buyers are ready to go and are waiting.

Contact us

Call us at 630-503-6555 for all your real estate questions.  Your goal is our goal.  We will do whatever we can to help you reach your goals.

It is very important to keep in contact with your loan officer at this time.  You need to get pre-qualified first before you start looking for homes.  You need to find out what type of loan will work out best for you and what price range.

It is a great time to sell!  Let us update the current value on your home and provide you with a net proceeds that shows you the expenses to sell and see where you are at.  This will be updated when an offer comes in and we know all the terms.

Check out some great resources:

Check back with us every Saturday for an update for the week.  At the end of the month we will compare it to the previous 2 years so you can see how things are going.

Market update Fox Valley May 16 2020.  Have a great week!

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

Market update Fox Valley May 9 2020

Market update Fox Valley May 9 2020
Single Family Homes

Market update Fox Valley May 9 2020. New listings of single family homes were up just shy of 13% this week. 287 this week compared to 254 the week before.

Closed listings of single family homes were down slightly over 35%.  169 this week compared to 261 the week before.  This is due to the beginning of the month and will go up as we get closer to the end of the month when most buyers want to close.

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

Aurora-New 32 $129,900-$675,000

            Closed-25 $74,000-$580,000

Bolingbrook-New 11 $169,999-$498,000

                     Closed-13 $180,000-$521,000

Elburn-New 10 $294,900-$610,000

            Closed-1 $225,000

Geneva-New 16 $185,000-$795,000

             Closed-5 $284,974-$440,000

Montgomery-New 9 $179,900-$294,900

                     Closed-11 $195,000-$349,590

Naperville-New 59 $299,999-$1,695,000

                 Closed-24 $342,000-$818,000

North Aurora-New 11 $225,000-$424,900

                       Closed-4 $190,000-$331,300

Oswego-New 12 $242,000-$449,900

              Closed-9 $224,900-$540,000

Plainfield-New 38 $171,500-$699,800

                Closed-23 $191,000-$512,000

St Charles/Campton Hills- 

                New-31 $259,000-$1,500,000

                Closed-15 $209,000-$735,000

West Chicago-New 10 $229,900-$499,000

                      Closed-2 $238,500-$395,000

Contracts accepted this week

Market update Fox Valley May 9 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week on single family homes was down just under 7% this week.  259 this week compared to 278 the week before.

Inventory of homes that are available is an issue right now.  There just is not enough homes for buyers to go and see.  If you are thinking about selling this year now is the time.

Look at the communities that sellers accepted the most contracts this week:

Aurora-38                           Bolingbrook-20

Geneva-10                          Montgomery-14

Naperville-52                      Oswego-20

Plainfield-31                       St Charles/Campton Hills-14

Yorkville-13

5 short sales of single family homes were accepted by sellers this week.  1 each in Aurora, Bolingbrook, Oswego, Plainfield and Sugar Grove. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 8 with 48 hours.

2020 by the month

Month                             New   Closed   Contracts accepted

January                       1,105      566            858

February                     1,267      529         1,024

March                         1,186      707         1,079

April                               648     786             775

May                                541     430             537

Some of May’s totals are the last week of April but May still looks like it is going to be a great month.

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.

Covid-19 has changed how we do business.  We are not allowed to do Open Houses anymore during this time.  Meetings are now happening by Zoom videos.  I am getting used to the Zoom meetings and might keep doing them even after this is over with.  I think they save people time and we can go over everything and answer all of your questions.  We can share documents or the market analysis and go over it with you.

At this time you really need to keep in contact with your loan officer with any changes to the mortgage market.  You need to get pre-approved so you know what type of loan and what price range works out best for you.

If you are selling we can do virtual showings or if you still want to show your home you can give us the instructions you want for people to enter your home.

Home inspections now only want the home inspector in the home and they will give you a report and go over it with you.

Closings if you are the seller you will sign documents most likely ahead of time and not go to the closing.  Some are still going.  Some title companies even have the buyer drive up and they come out with documents to have you sign. Other title companies are still having the buyers come in.

Check out some great resources:

We know you must have a lot of questions on buying and selling a home at this time.  Please let us know the questions you have.  We are happy to explain the process to you and guide you through the process.

Market update Fox Valley May 9 2020.  Have a great week!

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

          

Market update Fox Valley May 2 2020

Market update Fox Valley May 2 2020
Single Family Homes

Market update Fox Valley May 2 2020.  New listings were up slightly over 22% this week. 254 this week compared to 208 the week before.  This is great news!  People are getting more comfortable with our new normal.

Closed listing this week were also up this week by 34 1/2%.  261 this week compared to 194 the week before.  Most of those closed  between Monday-Thursday the end of the month of April when most buyers like to close.

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

Aurora-New 30 $114,900-$515,000

            Closed-34 $48,000-$552,000

Batavia-New 13 $232,900-$679,900

             Closed-14 $181,000-$547,500

Bolingbrook-New 12 $170,000-$425,000

                     Closed-16 $100,000-$623,500

Geneva-New 14 $229,000-$695,000

             Closed-15 $222,500-$600,000

Montgomery-New 7 $139,000-$294,900

                     Closed-12 $134,000-$295,000

Naperville-New 53 $250,000-$1,325,000

                 Closed-29 $302,000-$728,000

North Aurora-New 8 $179,900-$425,000

                      Closed-10 $130,000-$375,000

Oswego-New 12 $179,900-$593,999

             Closed-15 $181,000-$520,000

Plainfield-New 28 $214,900-$945,800

                Closed-32 $183,590-$470,555

St Charles/Campton Hills-

               New 18 $269,900-$849,450

               Closed-26 $160,000-$800,000

West Chicago-New 11 $164,900-$525,000

                      Closed-7 $277,500-$570,000

Yorkville-New 11 $239,900-$579,900

              Closed-9 $237,000-$422,000

Contracts accepted this week

Market update Fox Valley May 2 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up over 17%.  278 this week compared to 237 the week before.  Buyers have not stopped looking during this pandemic.  They still want to find a home so get yours on the market today!

Look at the communities that sellers accepted the most contracts this week:

Aurora-39                              Batavia-13

Bolingbrook-18                     Montgomery-11

Naperville-44                        Oswego-18

Plainfield-37                         St Charles/Campton Hills-25

3 short sales were accepted this week by sellers.  1 each in Aurora, Bolingbrook and Plainfield. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 6 with 48 hours and also 6 with 24 hours.

2020 by the month

Month                             New   Closed   Contracts accepted

January                       1,105      566              858

February                     1,267      529           1,024

March                        1,186       707           1,079

April                             648       786               775

May                              254       261               278

You can see Covid-19 had an impact on the market but it is increasing now.  People are getting used to how we need to do business at this time.  

Some sellers are allowing showings others are not.  No more than 4 people can go to a showing on the homes that they allow showings.  Most showings follow the IDCEO guidelines.  Some are requiring you to wear a face covering.  We are not allowed to do any Open Houses at this time  Some are doing virtual Open Houses.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

We have been doing a lot of Zoom video meetings.  Let me know if you would like me to set one up to discuss how we are doing business at this time.  We can go over everything with you and even share documents to go over them.  We are using Docusign to sign documents so we do not have to meet in person to get them signed. 

You can take us through a walk through your home so we can see it with your phone.  We will do a market analysis to update the current value of your home.  Provide you with a net proceeds to show you the expenses to sell your home so you have an idea of where you are at.  This will be updated when an offer comes in so you can make a good decision.

It is very important to get in touch with a loan officer to get pre-approved at this time.  You need to find out the type of loan and price range that will work out best for you.  You will need to keep in touch with them as things change in the market with loans.

We can recommend a home inspector and real estate attorney if you don’t already have one.  You can choose who you think will work out best for you.

Check out some great resources:

Market update Fox Valley May 2 2020.  Have a great week!

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

Market update Fox Valley April 25 2020

Market update Fox Valley April 25 2020
Single Family Homes

Market update Fox Valley April 25 2020.  New listings are up almost 17% this week. 208 this week compared to 178 the week before.  We are going in the right direction but we still need to add more.

Closed listings this week are up about 6 1/2%.  194 this week compared 182 the week before.  This is the last full week of the month.  We will probably see more in the beginning of next week.

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

Aurora-New 29 $133,900-$464,900

            Closed-28 $142,000-$428,000

Montgomery-New 10 $146,900-$275,000

                     Closed-12 $125,000-$343,255

Naperville-New 43 $293,000-$1,585,000

                 Closed-46 $258,000-$1,227,825

Oswego- New 20 $137,000-$430,000

              Closed-14 $233,000-$480,000

Plainfield-New 26 $149,900-$674,900

                Closed-23 $200,000-$435,000

St Charles/Campton Hills-

                New-18 $270,000-$850,000

               Closed-13 $230,500-$875,000

Contracts accepted this week

Market Update Fox Valley April 25 2020-Contract accepted this week
Single Family Homes

Contracts accepted this week were up 24 3/4% this week.  237 this week compared to 190 the week before.  This is great news that there are still buyers out there wanting to find a home during this pandemic.

Look at the communities that sellers accepted the most contracts:

Aurora-27                              Batavia-11

Bolingbrook-14                     Geneva-10

Montgomery-10                    Naperville-46

Plainfield-27                         St Charles/Campton Hills-13

Yorkville-13

There were 3 short sales accepted this week by sellers.  1 each in Aurora, Winfield and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

 

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours, 9 with 48 hours and 2 with 24 hours.

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

2020 by the month

Month                                 New   Closed   Contracts accepted

January                            1,105      566               858

February                          1,267      529            1,024

March                              1,186      707            1,079

April                                   648       786               775

Totals                              4,206    2,588            3,736  

2019

January                              878       407               568

February                         1,032       463               832

March                             1,731       915           1,375

April                               1,594        792          1,307

Totals                              5,235     2,577          4,082

2018

January                            808         489              606

February                       1,040         444              856

March                           1,549         907           1,564

April                             1,515         836           1,278

Totals                            4,912      2,676           4,304

2018 was a better year for homes closed.  2019 was a better year for inventory for homes for buyers to look at.  Even with a pandemic we are not doing too bad.  We are staying pretty consistent.

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.

During this pandemic things have changed.  Some homes you might need to look at by virtual tour only. Other homes will let you look with taking precautions.

Home inspections you might not get to go with while they are doing the inspection.  They will give you a report and contact you.with questions.

Closings are also different right now. Some, as a seller, you will sign documents ahead of time and not go to closing.  Other places you will be in a separate room.  As a buyer you will be in a separate room or you will schedule a time and sign documents curbside.

Ask your loan officer how they handle the process. 

Check out some great resources:

A lot of things are being done right now by video conference.  We are not allowed to do Open Houses at this time.  We can have you sign documents through Docusign.  You can do that from your computer or your phone.

Market update Fox Valley April 25 2020.  Have a great week!

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

Market update Fox Valley April 18 2020

Market update Fox Valley April 18 2020
Single Family Homes

Market update Fox Valley April 18 2020.  New listings were slightly higher this week.  178 new listings of single family homes compared to 168 the week before.  We are heading in the right direction slowly.  This should increase as more people get used to our new normal way of doing things.  Sellers might even like this market better because I think it has slowed down the showings that are not seriously looking for your type of home.

Closed listings were consistent this week.  182 closing on single family homes this week compared to 180 the week before.  You can’t get more consistent than that.  They should go up as we head into the end of the month when most buyers like to close.

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

Aurora-New 19 $149,000-$924,900

            Closed-25 $90,000-$580,000

Bolingbrook-New 9 $168,108-$445,000

                     Closed-16 $163,000-$435,000

Geneva-New 10 $207,000-$437,500

             Closed-12 $232,500-$622,000

Naperville-New 47 $275,000-$2,250,000

                 Closed-39 $170,000-$1,099,000

Oswego-New 11 $199,000-$515,000

              Closed-7 $162,900-$364,900

Plainfield-New 20 $243,500-$730,000

                Closed-26 $154,000-$540,500

St Charles/Campton Hills-

                New 11 $234,900-$744,900

                Closed-13 $248,000-$555,000

Contract accepted this week

Market update Fox Valley April 18 2020-Contracts accepted this week
Single Family Homes

Contracts accepted by sellers this week were just under 8% higher this week.  190 contracts accepted compared to 176 the week before.  This is also going in the right direction.  We hope to see this continue.

Look at the communities that sellers accepted the most contracts this week:

Aurora-26                                     Bolingbrook-21

Montgomery-10                            Naperville-28

Oswego-16                                   Plainfield-31

St Charles/Campton Hills-11

Some homes are allowing showings and others are by virtual tour.

2020 by the month

Month                                 New   Closed    Contracts accepted

January                            1105      566               858

February                          1267      529             1024

March                              1186      707             1079

April                                  440      608                538

At the end of the month check back with us and we will compare to last 2 years so you can see the changes.

Contact us

Call us at 630-503-6555 ext 101 with all of your real estate questions.  Your goal is our goal. 

Covid-19 has changed the way we do business.  There are so many reasons people need to buy and sell a home that is why they have classified us as an “essential business.”  Some homeowners are allowing showings and others are not.  Some want virtual showings only.  Your needs are what is important to us.

We can do video meetings and you can show us around your home so we can do a market analysis to update the value of your home.  We will provide a net proceeds that shows the expenses of selling your home so you have an idea where you are at.  This will be updated when an offer comes and we know all the terms.

Are you looking to buy a home?  You need to get pre-qualifed with a loan officer.  It is even more important now to see what type of loan and the price range you need to be in.  Things are changing with some lenders.  They will keep you up to date with all changes.

Check out some great resources:

Home inspections and closings are a little different right now.  You used to be able to go in with the home inspector so they coud show you how to maintain the home while they go through.  Now just the home inspector goes in.  They will still give you a report and can go over things with you.

Closings are done differently with each title company.  We can let you know once a title company is chosen how they are doing things.

Market update Fox Valley April 18 2020.  Have a great week!  Stay safe and healthy while we go through this health event.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

We are working remotely at this time.  You can reach us anytime though.

630-503-6555 ext 101

Market update Fox Valley April 11 2020

Market update Fox Valley April 11 2020
Single Family Homes

Market update Fox Valley April 11 2020. New listings went down a little over 13% this week in the Fox Valley.  168 new single family home listings this week compared to 194 the week before.  This is not the normal direction for this time of year.  These are not normal times.  We will keep an eye on this and continue to report to you as time goes on. 

Closed listings were also down almost 27%.  This is the beginning of the month when the numbers are usually lower anyway.  We will see how things go getting towards the end of the month when most buyers want to close.

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

Aurora-New 20 $65,000-$415,000

            Closed-22 $95,000-$443,000

Bolingbrook-New 10 $174,900-$429,900

                     Closed-11 $143,000-$387,500

Geneva-New 7 $309,900-$635,000

             Closed-12 $108,000-$530,000

Naperville-New 34 $239,900-$2,079,000

                 Closed-37 $240,000-$890,000

Plainfield-New 26 $224,900-$599,000

                Closed-31 $159,000-$705,000

Plano-New 11 $144,900-$230,990

          Clsoed-1 $238,655

St Charles/Campton Hills-

           New-10 $175,000-$1,395,000

           Closed-13 $202,000-$825,000

Yorkville-New 4 $224,500-$305,000

              Closed-12 $141,000-$395,000

Contracts accepted this week

Market update Fox Valley April 11 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were very consistent.  176 single family homes accepted by sellers this week compared to 172 the week before.  Homes are still selling even during this pandemic.

Look at the communities that sellers accepted the most contracts this week:

Aurora-22                                     Bolingbrook-10

Naperville-33                                Plainfield-23

St Charles/Campton Hills-18        Yorkville-11

2 short sales were accepted by sellers this week. 1 each in Naperville and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

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

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month                            New   Closed    Contracts accepted

January                        1105     566             858

February                      1267     529           1024

March                          1186     707           1079

April                               362    426              348

At the end of the month I will compare it to the last couple of years so you can see the difference.

New process during the pandemic

The Governor has ordered a “stay-at-home” during this pandemic until April 30th.  We will let you know if this gets extended.  We are classified as “essential services” during this time.  It is not business as usual.  We are not allowed to do Open Houses during this time.  We are encouraging virtual showings also.  Some homes are still allowing showings.  It is a good time to drive by and see if the setting is something you would like and to look at photos to see if the home might fit your needs.  If after a virtual showing you think this might be the one we will try to set up a physical showing.

Home inspections are now done by the inspector and they will give you a report.  They will be the only ones going in.

Talk to your loan officer to see how they are having you start the loan process.  They will also update you on any changes in the market.

Some title companies are still having you come to closing and others are doing curbside closings.   They have the sellers sign documents ahead of time and only the buyer signs the day of closing.  We are not to be there.  Only the people that need to sign and attorneys are welcome.

We know that you might have a lot of questions during this time.  We would be happy to do a video meeting with you to go over everything and answer your questions whether you are wanting to sell a home or buy a home.  You can also call or email us.  We want to communicate with you the way it works out best for you.

Contact us

Call us at 630-503-6555 for all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

If you are wanting to sell a home let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in.

If you are wanting to buy a home you need to contact a loan officer to get pre-approved.  They will give you a letter showing what you qualify for and the type of loan that will work out best for you. This will go with an offer when you find the right home.

If you need recommendations for a loan officer, real estate attorney or home inspector we can give you a few to choose from.

Check our some great resources:

Market update Fox Valley April 11 2020.  Happy Easter and a wonderful week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

 

 

 

Market update Fox Valley April 4 2020

Market update Fox Valley April 4 2020
Single Family Homes

Market update Fox Valley April 4 2020.  New listings this week were almost the same as the week before.  194 this week compared to 192 the week before.  That is consistent even through a pandemic.

Closed listings in the Fox Valley were up slightly over 20% this week.  246 this week compared to 204 the week before.  I bet most of those occurred on Monday and Tuesday the last days of March.

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

Aurora-New 24 $109,900-$829,900

            Closed-27 $100,000-$475,000

Bolingbrook-New 16 $207,000-$425,000

                    Closed-22 $122,500-$360,000

Geneva-New 6 $269,000-$475,000

             Closed-11 $315,000-$475,000

Montgomery-New 6 $214,900-$299,600

                     Closed-13 $176,000-$305,000

Naperville-New 34 $259,900-$3,988,866

                 Closed-34 $320,000-$1,120,000

Oswego-New 13 $159,000-$539,900

              Closed-14 $160,000-$465,000

Plainfield-New 25 $224,500-$699,000

                Closed-33 $180,000-$426,900

St Charles/Campton Hills-

               New-15 $123,900-$949,900

               Closed-17 $220,000-$730,000

Yorkville-New 14 $169,900-$610,810

              Closed-19 $215,000-$467,500

Contracts accepted this week

Market update Fox Valley April 4 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were right on target with last week.  172 this week compared to 179 the week before.  We love consistency!  

Look at the communities that sellers accepted the most contracts this week:

Aurora-20                                 Bolingbrook-13

Naperville-21                            Oswego-10

Plainfield-28                             Yorkville-11

3 short sales were accepted by sellers this week.  2 in Yorkville and 1 in Bristol. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours,  18 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home.  1 with a kick-put clause of 72 hours and 5 with 48 hours.

2020 by the month

Month                             New   Closed   Contracts accepted

January                        1105      566             858

February                      1267      529           1024

March                          1186      707           1079

April                              194      246              172

At the end of each month I will show the previous 2 years so you can see how we are doing.

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.

Our industry is classified as “essential” but things have changed.  No open houses during this time.  We are encouraging virtual showings.  Yes it is hard to get the feeling of a home by pictures or a video.  We all have seen wonderful pictures of a home and get there and the pictures looked so much better than it actually was.  They are even suggesting that we have the owners take the pictures or video so we don’t even enter the home.  You will need to look more closely at the amount of space to see if it fits your needs.  You can drive by and look from the outside and see if you like the setting.  Some owners are still allowing showings.

You can still order a home inspection but they are doing it and then giving you a report.  It was nice when you could go through it with them and they could show you how to maintain the home.  They do provide a lot of that information in the report though.

We are doing video meetings now so we can still go over everything with you and answer your questions.

Talking to your loan officer is very important during this time.  They will explain the things that have changed on their end.  If you were pre-qualified before you might need to get it updated now.

Closings have also changed.  Some title companies want the sellers to sign all documents with your attorney before closing day.  Some are still having the buyers come in to sign document and others have “curbside closings.”  They set up a time with you and you pull up to the office and they come out and get your identification and leave the package of documents for you to sign.  They come back out when you are finished and they pick up the package and make sure everything is signed.  Us REALTORS®  are not able to go to closings during this time.  They don’t want anyone there that does not need to sign paperwork.

People still have a need to buy and sell their homes for so many different reasons.  We want to be there for you to help get through this time.

Check out some great resources:

Market update Fox Valley April 4 2020.  Have a great week!  Stay safe and wash your hands.

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

Market update Fox Valley March 28 2020

Market update Fox Valley March 28 2020
Single Family Homes

Market update Fox Valley March 28 2020.  New listings were down slightly over 25% this week.  192 this week compared to 257 the week before.  All non-essential businesses are shut down right now.  We are essential.  Some people do not realize this and others want to wait until this virus passes.

Closed listings were up just over 7% this week. 204 this week compared to 190 the week before.  This is the end of the month.  This months closings were higher than February by about 25 %.  We will keep an eye on things for the next few months to see how it goes.  Check back with us each Saturday.

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

Aurora-New 20 $109,900-$650,000

            Closed-26 $107,900-$465,000

Bolingbrook-New 12 $124,900-$388,247

                    Closed-19 $165,000-$374,000

Geneva-New 12 $289,900-$1,599,000

             Closed-6 $267,000-$504,000

Naperville-New 46 $284,900-$850,000

                 Closed-34 $236,000-$1,180,000

Oswego-New 11 $175,000-$339,000

             Closed-11 $200,000-$521,300

Plainfield-New 24 $150,000-$586,8000

                Closed-30 $200,000-$469,225

St Charles/Campton Hills-

               New 15 $199,900-$1,150,000

              Closed-12 $248,000-$649,500

Yorkville-New 8 $110,000-$550,000

              Closed-10 $209,977-$452,000

Contracts accepted this week

Market update Fox Valley March 28 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were down just over 37% this week.  179 accepted this week compared to 286 the week before.  This week was a week of adjustment to what is going on with the virus and how to show homes.  

Look at the communities that sellers accepted the most contracts this week:

Aurora-24                                   Bolingbrook-14

Naperville-22                              Plainfield-30

St Charles/Campton Hills-18      Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  17 with a kick-out clause of 72 hours,6 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

2020 by the month

Month                             New   Closed   Contracts accepted

January                        1,105     566             858

February                      1,267     529          1,024

March                         1,186      707          1,079

Now take a look at the previous 2 years to compare

2019

Month                             New   Closed   Contracts accepted

January                           878      407            568

February                      1,032      463            832

March                          1,731      915        1,375

2018

Month                            New   Closed   Contracts accepted

January                         808       489            606

February                    1,040       444            856

March                        1,549       907         1,564

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 goals.

We are getting updated frequently from the National Association of REALTORS®,  Illinois REALTORS® and Fox Valley Association of REALTORS® on things we need to know going forward with this pandemic.  Friday morning our Association did a Zoom meeting with lenders, title company, inspector, Government affairs to update us on loans going forward.  How things are going with closings and inspections.  Lots of things are changing during this time and they will keep us updated going forward with any changes.

We are classified as essential so some real estate offices are open and some working remotely but we are still working.  I am working remotely.

Showings slowed down at first for a few days but now showings are happening again.  Showing instructions are more important right now.

Pre-approval letters are also more important right now and need to be updated more frequently with the changing market conditions.

Check out these great resources:

Let us know what questions you have and if there is something else you are looking for we will be happy to help you.  If you are looking for legal advice let us know and I would be happy to give you some names of attorneys to contact.

Market update Fox Valley March 28 2020.  Have a great week!  Stay safe and healthy.  Wash your hands.

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

 

Market update Fox Valley March 21 2020

Market update Fox Valley March 21 2020
Single Family Homes

Market update Fox Valley March 21 2020.  New listings were down a little over 28% this week.  257 this week compared to 360 the week before.  Is this due to Covid-19?  We are not sure yet.  Illinois Governor just imposed “stay at home” starting today at 5 pm.  We are classified as “essential services” so we are still working.  We are asking our sellers if they still want to show their homes at this time.  Some do and some want to wait.

Closings are up almost 34% this week.  190 this week compared to 142 the week before. We are getting closer to the end of the month so that is to be expected.  Some title companies are offering curbside closings for buyers.  Others are wanting only the people that need to sign papers come to closing.  They clean everything in the room and use new pens for each closing.  Sellers a lot of times these days, go in a few days before closing and sign documents with their attorney and give them power of attorney for anything else that needs to be signed on closing day.  They have been doing this for quit some time. This is not new.  Most closings it is just the buyers there and attorneys.

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

Aurora-New 33 $85,000-$599,900

            Closed-33 $82,500-$516,900

Batavia-New 5 $265,000-$368,900

             Closed-11 $180,000-$449,900

Bolingbrook-New 19 $175,000-$708,900

                     Closed-12 $181,100-$340,000

Geneva-New 13 $289,900-$499,900

             Closed-4 $282,000-$354,000

Montgomery-New 9 $132,000-$284,900

                     Closed-17 $156,000-$365,610

Naperville-New 55 $250,000-$924,900

                 Closed-24 $242,000-$890,000

Plainfield-New 33 $207,000-$899,000

               Closed-19 $173,000-$327,000

St Charles/Campton Hills-

                New 17 $212000-$829,000

                Closed-10 $265,000-$825,000

Yorkville-New 10 $225,000-$369,900

              Closed-10 $165,000-$400,000

Contracts accepted this week

Market update Fox Valley March 21 2020-Contracts Accepted this week
Single Family Homes

Contracts accepted this week were down 17 1/2% this week.  286 this week compared to 347 the week before.  Showings started slowing down as the week went on.  We will just have to see how this next week goes.  Some sellers are still showing their homes and some are not.

Look at the communities that sellers accepted the most contracts this week:

Aurora-48                              Batavia-13

Bolingbrook-25                     Geneva-14

Naperville-45                        Oswego-18

Plainfield-26                         St Charles/Campton Hills-23

West Chicago-16

5 short sales were accepted by sellers this week.  2 in Batavia and 3 in Bolingbrook.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  13 with a kick-out clause of 72 hours, 18 with 48 hours and 5 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month                           New    Closed    Contracts accepted

January                      1105       566              858

February                    1267       529            1024

March                          994       503              900

Check back next Saturday to see how this next week goes.

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.

Do you need an update of the value of your home in today’s market?  We will provide you with a net proceeds that shows the expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you need to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you.

Check out some great resources:

We are in different times right now.  Whether going to look at homes or showing your home we need to keep social distancing and other preventative measures. You might want to check the CDC site for recommendations.  If you have legal questions please contact your attorney to answer your questions.  We can not give legal advice.

Market update Fox Valley March 21 2020.   Have a great week!  Wash your hands.  

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-65655 ext 101

besthomesfv@gmail.com