Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018.  Improved market this week!  New listings this week 175 compared to 156 last week.  We had to get past Thanksgiving and a snow storm.

Closings were down this week.  164 this week compared to 180 last week. That is the difference between the last week of the month to the first week of the month.  These numbers should improve as we head into the end of the month and end of the year.

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

Aurora-New 26 $85,500-$400,000                                               Closed-21 $110,000-$460,000

Batavia-New 5 $270,000-$359,900                                              Closed-12 $149,000-$909,220

Bolingbrook-New 10 $160,000-$324,000                                     Closed-12 $155,000-$362,500

Naperville-New 22 $224,900-$2,399,000                                     Closed-28 $190,525-$645,000

Plainfield-New 22 $224,900-$698,000                                         Closed-24 $208,000-$445,000

St Charles/Campton Hills-New 23 $164,900-$650,000               Closed-15 $227,000-$2,000,000

Yorkville-12 $267,060-$365,546                                                  Closed-11 $175,000-$375,000

First 2 million dollar sale in Kane County this year! It was in St Charles and it was a cash deal.

Contracts Accepted this Week

Contracts accepted this week were slightly up. 138 this week compared to 128 last week.  We just had to get past a holiday and a snow storm.

Short sales were also slightly up this week. 6 this week compared to 2 last week.  They still remain low so that is a good thing.  2 of them were in Aurora.  1 each in Bolingbrook, Plainfield, St Charles/Campton Hills and Sycamore.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  2 with a kick-out clause of 72 hours and 1 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours and 2 with 48 hours.

Contact us

Call us 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. We make it our business to find the perfect fit for your needs.

Let us update the current value on your home in today’s market.  We will provide you with a net proceeds that will show you an estimate of expenses.  Let you know what you need to do to get your home market ready.

If you are thinking about purchasing a home your first step is to contact a loan officer and get pre-qualified.  They will provide you with a letter that will go with an offer when we find a home.  It will say what type of loan you are going for and how much you qualify for so a seller will feel comfortable accepting your offer.

Things you might want to check out:

Market Update Fox Valley-December 8 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-December 1 2018

Market Update Fox Valley-December 1 2018Market update Fox Valley-December 1 2018.   Definitely an increase in new listings this week!  156 this week compared to 90 last week.  Last week was a holiday week so it was a short week.  Next week will be our first full week of December.  The last month of the year.  It is time to start thinking about next year.  If you are thinking about selling in 2019 now is the time to start planning.  You might even want to ask for certain things for gifts to help with fixing something up or replacing something to spruce it up.

Closing this week were also up.  180 this week compared to 122 last week.  This week was the last full week of the month which is always busy.  This next month should be a repeat of this month with a holiday at the end of the month and everyone wanting to close at the end of the month and also the end of the year.

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

Aurora-New 31 $115,360-$499,900                                                   Closed-25 $102,000-$482,000

Bolingbrook-New 13 $189,900-$415,000                                         Closed-19 $115,000-$416,000

Montgomery-New 3 $155,000-$243,800                                          Closed-12 $145,000-$275,000

Naperville-New 22 $219,000-$1,450,000                                          Closed-24 $210,000-$688,000

Plainfield-New 19 $159,900-$589,900                                              Closed-25 $177,500-$572,500

St Charles/Campton Hills-New 15 $174,900-$1200,000               Closed-10 $180,000-$653,833

Contracts Accepted this Week

Market Update Fox Valley-December 1 2018-Contracts Accepted this WeekContracts accepted this week by Sellers were down this week.  128 this week compared to 137 last week.  If you are not from the area last Sunday we had heavy wet snow that I think slowed things down for the beginning of the week.  People were out of power Sunday night into Monday and some even longer than that.

Take a look at the communities that Sellers accepted the most contracts:

Aurora-30                          Bolingbrook-10                                  Geneva-10

Naperville-13                    Plainfield-14                                       St Charles/Campton Hills-11

Short sales accepted this week were the same as last week.  2 were accepted both weeks.  Now they will be submitted to the lender to see if they will also accept contract as written.

Contracts were accepted by Sellers that are contingent on the Buyers closing on their current home before the can purchase.  2 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent of the sale and closing on the Buyers current home. 1 each with a kick-out clause of 72, 48 and 24 hours.

Contact us

Call us 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 buying or selling a home.  We make it our business to find the perfect fit for your needs.

Let us update your home value and provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in and we know all the terms so you can make a decision.

Buyers need to get pre-qualified to begin looking at houses.  The loan officer will provide them with a letter that will go with an offer when they find a home.  This needs to be within the last 30 days or it will have to be updated.

Other things to look at:

Let us know what real estate questions that you have.

Market update Fox Valley-December 1 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

Market Update Fox Valley-November 24 2018

Market Update Fox Valley-November 24 2018

Market Update Fox Valley-November 24 2018.  Fox Valley market for New Listings were way down this week.  90 this week compared to 199 last week.  It is a short week with the Thanksgiving holiday so the numbers are way off what they usually are.  Shopping for homes is put on the back burner while everyone is out looking for bargains for Christmas presents.

Closed homes is also way down this week.  122 this week compared to 204 last week.  Only 3 days this week to set up closings so the numbers are way down.  We have a full week next week and it is the last week of the month so these numbers will be higher next week.

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

Aurora-New 12 $119,900-$349,900                                                   Closed-25 $135,000-$460,000

Naperville-New 8 $259,900-$790,000                                               Closed-17 $229,900-$620,000

Plainfield-New 12 $195,000-$489,900                                              Closed-22 $199,000-$457,500

Contracts Accepted this Week

Market Update Fox Valley-November 24 2018-Contracts Accepted this Week

Contracts accepted this week were also down.  137 this week compared to 171 last week.  Numbers were down but not too bad for such a short week.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-14                                         Bolingbrook-15                                          Naperville-13

Plainfield-18                                    St Charles/Campton Hills-14

Short sales continue to remain low.  2 contracts accepted by Sellers this week compared to 6 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the close of the Buyers current home before purchasing.  2 with a kick-out clause of 72 hours and 7 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the sale and closing on the Buyers current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We are here to answer all the real estate questions that you have.  Our goal is to negotiate price and terms that are best whether buying or selling a home.

We can update the value of your home in the current market.  Provide you with a net proceeds so you can see the expenses of selling your home so you know where you are at.

If you are thinking about purchasing a home you will need to talk to a loan officer to get pre-qualified.  They will provide you with a letter that will go with an offer when you find a home.  This letter needs to be in the last 30 days or it will need to be updated.

Things you might want to look up:

Market Update Fox Valley-November 24 2018.  We hope you had a wonderful Thanksgiving!  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-November 17 2018

Market Update Fox Valley-November 17 2018Market update Fox Valley-November 17 2018.  New listings this week were consistent with last week. 199 this week compared to 221 last week. No this is not Spring market but we are staying consistent so that is good!  It is a good time to sell without all the competition.  The most important thing is to be priced right for condition and location.

Closed homes this week were up.  204 closed this week compared to 151 last week.  We are getting closer to the end of the month and also a holiday so that is to be expected.

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

Aurora-New 27 $119,900-$520,000                                                    Closed-21 $122,000-$423,000

Bolingbrook-New 14 $150,000-$379,900                                           Closed-16 $210,000-$430,000

Geneva-New 8 $338,500-$575,000                                                     Closed-10 $260,000-$626,000

Naperville-New 40 $224,900-$999,500                                              Closed-34 $207,500-$761,117

North Aurora-New 12 $160,000-$635,000                                         Closed-9 $186,000-$410,000

Plainfield-New 27 $145,000-$639,900                                               Closed-29 $190,000-$511,000

St Charles/Campton Hills-New 18 $199,900-$775,900                   Closed-15 $195,000-$965,000

Contracts Accepted this Week

Market Update Fox Valley-November 17 2018-Contracts Accepted this WeekContracts accepted by Sellers this week were slightly down.  171 this week compared to 188 last week.  The market has slowed down but it really has been pretty consistent since the beginning of September.  Some weeks are slightly higher some lower but within the same range.

Take a look at the communities that Sellers have accepted the most contracts this week:

Aurora-27                             Bolingbrook-15                                 Naperville-21

Plainfield-17                        St Charles/Campton Hills-21

Short sales accepted this week were the same as last week.  6 both weeks just different communities.  1 was accepted in Aurora, Montgomery, Oswego, St Charles/Campton Hills and 2 in Yorkville.  Now they will be submitted to the lender to see if they will also accept as written.

If a contract is cash there is usually contingencies of home inspection and attorney review.  Other contracts are also contingent on the Buyer obtaining financing.  Some Buyers have a home already.  They have to add a contingency on their home closing before purchasing if they have already accepted an contract on their current home.  This week 5 added a kick-out clause of 48 hours and 1 with 24 hours.  Other Buyers have not sold their current home yet so they had to add a contingency of selling and closing on their current home.  3 this week with a kick-out clause of 72 hours and 5 with 48 hours.

We know this can all be confusing especially if it is your first time or it has been a while since the last time you bought or sold a home.

Contact us

Give us a call at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We will be happy to go over everything with you.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.,

Request an updated market analysis so you know what your home is worth in the current market.  You will be provided a net proceeds that shows an estimate of 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 decision to accept, reject or counter.

We can recommend a few real estate attorneys, loan officers and home inspectors that we have worked with so you can decide who is best for you to work with.

Learn more:

Market Update Fox Valley-November 17 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

Market Update Fox Valley-November 10 2018

Market Update Fox Valley-November 10 2018Market update Fox Valley-November 10 2018.  New listings of Single-Family homes were pretty consistent.  221 this week compared to 219 last week.  There is still time to get into a new home before the end of the year.

Closed listings this week were down. 151 this week compared to 262 last week. That is the difference between end of the month and the beginning.  Most Buyers want to close at the end of the month.

Take a look at the activity this week in the Fox Valley:

Aurora-New 33 $83,200-$429,000                                              Closed-24 $120,000-$461,000

Bolingbrook-New 18 $192,500-$422,900                                  Closed-16 $138,760-$400,000

Naperville-New 28 $294,500-$1,359,000                                   Closed-26 $244,000-$2,400,000

Plainfield-New 31 $179,900-$899,316                                       Closed-22 $172,000-$400,000

St Charles/Campton Hills-New 20 $249,900-$1,159,000        Closed-9 $150,000-$420,000

Contracts Accepted this Week

Market Update Fox Valley-November 10 2018-Contracts Accepted this WeekContracts accepted this week were slightly higher than last week. 188 this week compared to 157 last week.  Buyers are still out there looking for the best home for their price range.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-25                              Bolingbrook-23                                        Naperville-22

Plainfield-18                         St Charles/Campton Hills-15                Yorkville-16

Short sales still remain low.  6 contracts accepted this week compared to 3 last week.  Now they will be submitted to the lender to see if they will also accept as written.

Geneva, Montgomery, Naperville, Plainfield, Plano and Warrenville each accepted 1 short sale this week by the Sellers.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  9 with a kick-out clause of 72 hours, 2 with 48 hours and 3 with 24 hours.

Contingencies on the sale and close of the Buyers current home were also accepted by Sellers.  6 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

Contact us

Call us 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 buying or selling a home.

We can update the value of your home in the current market and provide you with a net proceeds so you have an estimate of expenses.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying?  You will need to contact a loan officer to get pre-qualified.  They will provide you with a letter showing what you qualify for that will go with an offer when you find a home.  This should be no older than 30 days.

Things to check out:

Let us know what questions you have.

Market update Fox Valley-November 10 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-November 3 2018

Market Update Fox Valley-November 3 2018Market update Fox Valley-November 3 2018.  The market was slightly down this week.  219 this week compared to 223 last week.  I guess Halloween was not too much of a distraction.

Closed listing this week were significantly up.  262 this week compared to 192 last week.  Monday, Tuesday and Wednesday were the last 3 days of the month.  Buyers like to close the end of the month so they bring less interest to closing.

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

Aurora-New 42 $75,000-$529,500                                                      Closed-52 $90,000-$523,000

Bolingbrook-New 16 $155,000-$389,900                                          Closed-24 $160,000-$381,500

Geneva-New  10 $265,000-$624,900                                                 Closed-7 $150,000-$651,000

Montgomery-New 5 $148,000-$289,222                                           Closed-13 $152,700-$320,000

Naperville-New 38 $200,000-$1,750,000                                           Closed-37 $181,500-$1,385,000

Oswego-New 12 $149,900-$389,900                                                  Closed-12 $125,000-$375,000

Plainfield-New 19 $178,500-$699,900                                                Closed-34 $160,000-$412,500

St Charles/Campton Hills-New 27 $130,000-$2,585,000                Closed-15 $175,000-$597,000

West Chicago-New 10 $115,000-$390,000                                        Closed-9 $153,000-$457,703

Yorkville-New 5 $229,990-$259,000                                                    Closed-10 $145,000-$314,600

Contracts Accepted this Week

Market Update Fox Valley-November 3 2018-Contracts Accepted this WeekContracts accepted this week were down.  157 this week compared to 177 last week.  Price adjustments might need to be made to get more interest on existing homes.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-23                                  Bolingbrook-11                                           Naperville-20

Plainfield-27                             St Charles/Campton Hills-10

Short sales are still very low.  3 accepted this week compared to 6 last week.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with a contingency of Buyers closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

Contact us

Call us 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 buying or selling a home.

If you are thinking about selling a home let us update the value in the current market and provide you with a net proceeds so you have an idea of expenses to sell.

Learn more from these links:

Thinking about buying?   You  will need to contact a loan officer to get qualified.  They will let you know the type of loan that is best and what price range you should stay in.  You will be provided with a letter that will go with an offer when you find a home.

The interest rate you are offered will be determined on your credit score. If you need to work on it they can help you to do the right things to bring it up.

Market update Fox Valley-November 3 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-October 27 2018

Market Update Fox Valley-October 27 2018
October 27, 2018
Market Update Fox Valley October 28 2017
October 28, 2017

 

 

 

 

 

 

 

 

 

Market Update Fox Valley-October 27 2018.  New listings this week were down.  223 this week compared to 269 last week. 

Closed listings were up.  192 this week compared to 188 last week. That is to be expected with the last week of the month.

I posted above the picture of this week and this week last year.  Talk about being right on target.  You can’t compare closer than this.

This week 223 new listings and 192 closed.  Last year this week 223 new listings and 194 closed.

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

Aurora-New 29 $79,500-$452,000                                                      Closed-28 $75,000-$390,000

Bolingbrook-New 12 $159,000-$415,000                                          Closed-12 $132,100-$365,500

Geneva-13 $189,900-$775,000                                                           Closed-6 $283,595-$563,750

Naperville-43 $245,000-$1,975,000                                                   Closed-30 $238,000-$1,120,000

Plainfield-24 $195,000-$815,000                                                       Closed-29 $174,000-$437,500

St Charles/Campton Hills-16 $207,500-$874,900                          Closed-22 $150,000-$640,000

Sycamore-New 13 $98,900-$324,836                                              Closed-3 $81,000-$320,000

Contracts Accepted this Week

Market Update Fox Valley-October 27 2018-Contracts Accepted this WeekContracts accepted this week were down.  177 this week compared 192 last week.

Take a look at the communities that Seller’s accepted the most contracts:

Aurora-29                                    Batavia-11                                      Bolingbrook-12

Naperville-22                              Plainfield-29                                   St Charles/Campton Hills-15

Short sales this week are staying consistently low.  6 this week compared to 4 last week.  Now they will submitted to the lender to see if they will also accept as written.

Seller’s accepted contracts that are contingent on the Buyer’s current home closing.  3 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Seller’s that the Buyer’s current home needs to sell and close before purchasing. 1 with a kick-out clause of 72 hours and 5 with 48 hours.

Contact us

Call us 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 buying or selling a home.

Selling a home during the holidays can be challenging and exciting.  Priced right you can be in a new home before the holidays.  You will not have as much competition as you do in Spring market.  We can update the value of your home in the current market and provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in so you can make a good decision.

If you are just starting to look at homes you will want to learn about the different types of loans and the process.  Then contact a loan officer to determine the price range that works for you. You will be provided with a letter from the lender showing what you qualify for. This will be submitted with your offer when you find a home.  It needs to be updated if it is older than 30 days.

Keep up to date with interest rates. They might be on the way up.  The interest rate you will be offered will be determined on your credit score.

You should always check to see if you qualify for any help with down payment assistance or closing costs.  If you are a teacher, veteran or police officer you definitely should check.  Illinois and some communities also offer assistance.  Check the community website that you are looking in to see if they also offer any help.

Are you a Veteran? You might want to check the requirements and process for getting a VA loan.  Find a lender that does a lot of these loans so everything goes smoothly.

Market update Fox Valley-October 27 2018.  Have great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

Market Update Fox Valley-October 20 2018

Market Update Fox Valley-October 20 2018Market update Fox Valley-October 20 2018.  New listings were pretty consistent with last week.  269 this week compared to 277 last week.  We love consistency!

Closed listings this week improved.  188 closed homes this week compared to 144 last week. They should improve more next week with 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 41 $89,600-$669,600                                                       Closed-24 $72,000-$365,000

Batavia-New 10 $204,900-$495,000                                                   Closed-3 $160,500-$950,000

Bolingbrook-New 13 $164,000-$429,000                                           Closed-20 $145,000-$384,000

Geneva-New 18 $229,900-$910,000                                                   Closed-8 $245,000-$745,000

Naperville-New 57 $229,900-$1,710,000                                           Closed-31 $230,000-$1,299,150

Oswego-New 7 $165,000-$399,900                                                    Closed-10 $169,900-$497,975

Plainfield-New 39 $150,000-$799,000                                                Closed-16 $150,000-$475,000

St Charles/Campton Hills-New 15 $98,000-$799,000                      Closed-14 $212,000-$755,000

Contracts Accepted this Week

Contracts accepted this week by Seller’s were higher this week. 192 this week compared 172 last week. Happy to see more Buyer’s out this week looking and making decisions that are agreeable with Seller’s.

Take a look at the communities that Seller’s accepted the most contracts this week:

Aurora-35                                             Bolingbrook-22                                             Montgomery-11

Naperville-25                                       Plainfield-24                                                  St Charles/Campton Hills-11

Short sales this week stayed low. 4 this week compared to 2 last week. Now they will be submitted to the lender to see if they will accept contract as written.  This could take a while.

Seller’s accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing.  6 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Contracts were also accepted with contingencies 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.

Contact us

Call us 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 buying or selling a home.

We can update the value of your home in the current market.  Provide you with a net proceeds so you can see the expenses and what you might walk away with at closing.  This will be updated when an offer comes in and we know all the terms the buyer is requesting.

If you are wanting to purchase a home you might want to take a look at the different types of loans and the process.  You will need to contact a loan officer and get pre-qualified.  They will provide you with a letter showing what you qualify for and what type of loan.  This will go with an offer when you find a home.  It needs to be no more than 30 days old or the loan officer will need to update it.

Are you a Veteran?  You might want to take a look at the requirements and process for getting a VA loan.

There are many programs out there with help with a down payment and/or closing costs.  Illinois and some communities offer down payment assistance.  Go to the website of the community you are looking at and see if the offer anything.  It doesn’t hurt to look.

You will want to keep an eye on interest rates. You never know when they might change.  Your credit score will determine what interest rate you are offered.

Market update Fox Valley-October 20 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104 

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-October 13 2018

Market Update Fox Valley-October 3 2018Market Update Fox Valley-October 13 2018.  New listings this week were pretty consistent with last week.  277 this week compared to 273 last week.  We love consistency!  Come on buyers there is still homes to look at that you have not seen yet.

Closed listing were down this week.  144 this week compared to 188 last week.  Homes closing right now went pending right as school was starting and there was a slow down then.  They should pick up as we head into the end of the month.

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

Aurora-New 45 $104,500-$575,000                                                    Closed-20 $117,000-$440,000

Batavia-New 14 $195,000-$595,000                                                   Closed-1 $323,000

Bolingbrook-New 20 $149,900-$420,000                                           Closed-10 $159,300-$298,000

Geneva-New 11 $200,000-$1,295,000                                                Closed-5 $275,000-$635,000

Montgomery-New 12 $154,900-$329,900                                          Closed-7 $143,000-$217,000

Naperville-New 40 $230,000-$999,900                                               Closed-24 $250,000-$1,330,000

Plainfield-New 52 $189,900-$799,000                                                Closed-22 $158,000-$874,228

St Charles/Campton Hills-New 26 $169,900-$750,000                   Closed-11 $179,000-$580,000

This is the first time that I have seen Aurora & Plainfield have more new listings than Naperville.

Contracts Accepted this Week

Market Update Fox Valley-October 13 2018-Contracts Accepted this WeekContracts accepted this week were down.  172 this week compared to 207 last week.  Price adjustments might need to be made to get things moving again.  Take a look to see if there is anything that you can spruce up.

Take a look at the communities sellers accepted the most contracts this week:

Aurora-24                               Bolingbrook-17                                         Naperville-35

Oswego-11                            Plainfield-21

Naperville was still ahead with accepting the most contracts this week.

Short sales are staying consistently low.  2 this week compared to 5 last week.  This is great to see them staying so low.  Now they will be submitted to the lender to see if they will also accept the contract as written.

Sellers accepted contracts that are contingent on the buyers home closing before purchasing.  8 with a kick-out clause of 72 hours and 8 with 48 hours.

Contracts were also accepted that are contingent on the buyers home selling and closing before purchasing. 1 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

Call us 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 buying or selling a home.  We are here to answer all of your real estate questions.

Let us update the value of your home in the current market and provide you with a net proceeds so you have an idea of expenses and what you might walk away with.  We will update this when an offer comes in and we know all the terms so you can make an informed decision.  We will let you know what you need to do to get it market ready.

If you are thinking about purchasing a home you might want to take a look at the different types of loans and the process  so when you talk to a loan officer to get pre-qualified you will be ready with any questions that you have.  After they pre-qualify you and let you know the range and what type of loan will work best for you they will provide you with a letter. That letter will go with an offer when you find the right home for you.  Sellers want to see that letter before they will commit to negotiate.

Are you a Veteran?  You might want to take a look at the requirements and process of getting a VA loan.

Take a look at current interest rates.  You will want to keep an eye on them.  One thing about the economy improving it causes interest rates to rise.  Your credit score will determine what interest rate you are offered.

Down payment resources is something everyone should check out.  Especially if you are a police officer, teacher or veteran.  Illinois and some communities also offer assistance.  You will want to check out the community website that you are looking to move to.

Market update Fox Valley-October 13 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

 

Market Update Fox Valley-October 6 2018

Market Update Fox Valley-October 6 2018Market update Fox Valley-October 6 2018. New listings were slightly lower this week.  273 this week compared to 281 last week.  We are slowing down slightly but not extremely.  It is still a good time to sell your home.  This is a good time to get into a home before the holidays.

Closings this week were down.  188 this week compared to 258 last week.  This is to be expected with the beginning of the month.  It will increase 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 36 $80,000-$599,000                                                            Closed-29 $66,000-$460,000

Batavia-New 8 $209,000-$1,100,000                                                       Closed-10 $171,000-$570,000

Bolingbrook-New 24 $155,000-$625,000                                                Closed-12 $216,000-$375,000

Naperville-New 47 $190,000-$1,999,000                                                Closed-30 $190,000-$1,690,887

Oswego-New 24 $179,000-$1,200,000                                                   Closed-4 $221,600-$342,500

Plainfield-New 40 $199,000-$999,000                                                    Closed-25 $161,000-$1,100,000

St Charles/Campton Hills-New 21 $249,900-$2,995,000                    Closed-7 $160,000-$825,000

West Chicago-New $169,900-$435,000                                                  Closed-11 $174,000-$340,000

Yorkville-New 9 $148,900-$399,900                                                        Closed-$215,000-$595,000

Contracts Accepted this Week

Market Update Fox Valley-October 6 2018-Contracts Accepted this WeekContracts accepted this week were pretty consistent with last week.  207 this week compared to 211 last week.  Homes are still selling in the Fox Valley.  There is still time to sell before the end of the year.

Take a look at the communities that sellers accepted the most contracts:

Aurora-35                           Bolingbrook-13                                 Montgomery-12                             Naperville-36

Plainfield-26                      St Charles/Campton Hills-15          Yorkville-10 

Short sales were consistent with last week. 5 this week compared to 4 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.  This takes time to get a response from the lender.

Sellers accepted contracts that are contingent on the buyers home closing before purchasing.  4 with a kick-out clause of 72 hours, 8 with 48 hours and 3 with 24 hours.

Contracts were also accepted by sellers that buyers still needs to sell their current home and close before purchasing.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours. 

Contact us

Call us at 630-503-6555 and ask for 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 buying or selling a home.  We are here to answer any questions that you have. 

Are you thinking about selling a home?  We will update your homes value and provide you with a net proceeds so you have an idea of the expenses and what you might walk away with at closing.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing, a good place to start is learning about the different types of loans and the process.  Especially if this is your first time buying or you haven’t purchased a home in a long time.  You will need to get pre-qualified with a loan officer.  They will provide you with a letter that states what you qualify for and that will be submitted with an offer when you do find a home. 

Veterans can learn about the requirements and process for getting a VA loan.  You will want to talk to your loan officer to make sure they do VA loans. 

Check out current interest rates.  You might want to keep an eye on them because they keep talking about them going up.

Down payment assistance is something everyone should look at.  You might just qualify for some help.  If you are a Veteran, Police officer or teacher you especially want to look. Illinois and some communities also offer assistance.  Look at the community website that you are looking in. 

Market update Fox Valley-October 6 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!     

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

besthomesfv@gmail.com