Fox Valley Market Update-April 20 2019

Fox Valley Market Update-April 20 2019

Fox Valley market update-April 20 2019.  New listings of single family homes this week were way down.  341 this week compared to 433 the week before.  This is most likely due the the holiday.  They might want to wait for showings to start after the holiday because of going out of town or company coming into town.

New listings by the month so far:

  • January-878
  • February-1,032
  • March-1,731
  • April so far-1,189

Closings were slightly up this week. 208 this week compared to 174 the week before.  We are getting closer to the end of the month so these numbers will rise as we head closer to the end of the month.

Closings by the month so far:

  • January-407
  • February-465
  • March-915
  • April so far-582

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

Aurora-New 48 $65,700-$609,600                                        Closed-35 $100,000-$395,000

Bolingbrook-New 27 $154,000-$389,900                             Closed-12 $147,000-$365,000

Geneva-New 11 $185,000-$750,000                                    Closed-8 $255,000-$459,000

Naperville-New 55 $232,500-$1,999,000                             Closed-44 $245,000-$1,080,000

Oswego-New 22 $190,000-$429,900                                   Closed-14 $190,000-$381,000

Plainfield-New 46 $159,900-$997,000                                 Closed-24 $132,500-$480,000

St Charles/Campton Hills-New 34 $189,000-$899,900        Closed-14 $151,000-$520,000

West Chicago-New 12 $200,000-$514,999                          Closed-6 $235,000-$500,000

Yorkville-New 14 $210,000-$524,750                                  Closed-6 $214,900-$373,900

Contracts Accepted this Week

Fox Valley Market Update-April 20 219-Contracts Accepted this Week

Contracts accepted this week were very consistent.  341 this week compared to 346 the week before.  That is good news!

Contracts accepted so far by the month:

  • January-608
  • February-832
  • March-1,375
  • April so far-996

Fox Valley market is steadily improving.  It is still a great time to get your home on the market!

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

Aurora-36                                        Bolingbrook-25                                       Geneva-19

Montgomery-16                              Naperville-73                                           Oswego-20

Plainfield-41                                   St Charles/Campton Hills-27                   Yorkville-11

Short sales accepted by Sellers was slightly up this week.  7 this week compared to 5 last week. We are happy to see this numbers remain low.  This week there were 3 accepted in Naperville, 2 in Aurora and 1 each in Bolingbrook and Sheridan.

Contracts were also accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing.  7 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home 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 selling or buying a home.

Your first step if you are thinking about purchasing is to get in touch with a loan officer to get pre-qualified.  They will let you know what price range you should stay in and what type of loan will work out best for you. If you have not considered buying a home because the rules have been too strict for your situation it is worth your time to call to see.  New loans with assistance and no documentation loans are now available.  Do you need a recommendation for a loan officer to contact?  Just let us know and we will make some recommendations.

If this is the year you are thinking about selling now is the best time of the year to sell.  We will update your market value and provide you with a net proceeds that shows an estimate of expenses so you know where you are at.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources to check out:

Fox Valley market update-April 20 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

A new search tool that you should take a look at.  I like this one because you can see a bird’s eye view and see if the home has a backyard, on a corner lot or what else is for sale in the neighborhood and the prices.

 

 

                             

 

Fox Valley Market Update-April 13 2019

Fox Valley Market Update-April 13 2019

Fox Valley market update-April 13 2019.  Spring market is humming along.  New listings of single family homes is up this week.  433 new homes on the market compared to 415 the week before.

April is usually the best month of the year to sell your home.  Don’t miss out on this opportunity if you are thinking about making a move this year.

Take a look at the new listings of home so far this year:

  • January-878
  • February-1,032
  • March-1,731
  • April so far-848

Buyers that are looking to purchase a home over $200,000 have a good selection to choose from.  Under that price is still kind of hard to find.  You might need to expand the areas that you are looking at.

Closed listings of homes is down this week.  174 this week compared to 202 the week before.  This is not unusual.  The last week of the month is when you will see the most.

Look at the year so far of closed listings of homes:

  • January-407
  • February-465
  • March-915
  • April so far-374

If your home sold today you are looking at the end of May or beginning of June for a closing if the buyer is getting loan.  

Here is the communities with the most activity this week and price range:

Aurora-New 47 $99,900-$995,000                                           Closed-33 $81,000-$499,900

Batavia-New 13 $209,900-$695,000                                        Closed-5 $199,900-$972,000

Bolingbrook-New20 $119,000-$449,000                                  Closed-13 $130,000-$400,000

Geneva-New 27 $279,108-$849,900                                         Closed-8 $314,000-$450,000

Montgomery-New 13 $160,000-$289,900                                Closed-6 $165,000-$310,000

Naperville-New 115 $229,900-$2,500,000                               Closed-30 $220,000-$1,130,000

Oswego-New 17 $227,000-$495,000                                        Closed-8 $235,000-$353,000

Plainfield-New 49 $129,000-$679,900                                      Closed-26 $175,000-$638,500

St Charles/Campton Hills-New 43 $139,900-$2,499,900          Closed-8 $187,000-$685,000

Sugar Grove-New 11 $199,900-$729,900                                 Closed-3 $190,000-$287,000

Sycamore-New 10 $140,000-$339,900                                     Closed-4 $61,000-$268,000

Yorkville-New 16 $214,900-$1,100,000                                     Closed-4 $177,000-$310,000

Contracts Accepted this Week

Fox Valley Market Update-April 13 2019-Contracts Accepted this week

Contracts accepted by Sellers this week were up.  346 this week compared to 309 the week before.  Buyers have more to choose from so these numbers will go up.  Now is the time to get serious about looking for a home.  Make sure you are pre-qualified and it is up to date.  Your pre-qualification letter should be dated no more than 30 days or you will need to get it updated with your loan officer.

Here is a look at the numbers of the contracts that have been accepted so far this year:

  • January-608
  • February-832
  • March-1,375
  • April so far-655

Here are the communities that have had the most contracts accepted by Sellers this week:

Aurora-44                                        Batavia-10                                        Bolingbrook-31

Montgomery-15                               Naperville-56                                    Oswego-22

Plainfield-52                                    St Charles/Campton Hills-34            Yorkville-11

Short sales this week were exactly the same as last week.  5 for both weeks.  This week there were 2 each in Bolingbrook and St Charles/Campton Hills. 1 in Montgomery.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing.  5 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing.  3 with a kick-out clause of 72 hours, 1 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 Selling or Buying a home.  Let us know what questions you have.  We will guide you through the process.

If you need recommendations for a real estate attorney, home inspector, loan officer or information about Radon we will be happy to provide ones we have successfully worked with.

Resources for you to check out:

Fox Valley Market update-April 13 2019.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Here is a different search tool that will let you see a birds eye view of homes so you can see if it has a back yard, on a corner lot or what else is for sale in the neighborhood.  Try it out and email us and let us know how you like it.

Market Update Fox Valley-June 30 2018

Market Update Fox Valley-June 30 2018Market Update Fox Valley-June 30 2018.  The market is still humming along!  354 New listings this week compared to 365 last week.  Not too much of a difference.

Closing this week were up.  386 this week compared to 324 last week.  That is the difference the end of the month makes.  Most people want to close at the end of the month.  If they are getting a loan they will come to closing with less money for interest.

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

Aurora-New 40 $74,900-$795,000                    Closed-46 $81,900-$608,000                     Active-285 $74,900-$1,450,000 with 3 Auctions

Bolingbrook-New 32 $140,000-$459,900        Closed-32 $140,000-$432,500                   Active-154 $140,000-$849,900 with 3 Auctions

Elburn-New 4 $275,000-$1,195,000                 Closed-10 $163,000-$419,000                   Active-75 $169,000-$1,540,000

Geneva-New 15 $237,500-$999,990                Closed-26 $230,000-$810,000                   Active-164 $169,000-$1,695,000

Naperville-New 94 $205,000-$2,995,000        Closed-75 $205,000-$1,750,000                 Active-709 $199,900-$6,800,000 with 2 Auctions

Oswego-New 10 $259,900-$565,000               Closed-15 $187,000-$635,592                    Active-115 $130,000-$1,595,000

Plainfield-New 38 $195,900-$865,000             Closed-55 $165,000-$670,000                    Active-293 $168,000-$2,200,000

St Charles-New 32 $199,900-$899,900           Closed-33 $148,200-$1,175,000                 Active-447 $91,108-$3,895,000

West Chicago-New 15 $220,000-$669,900     Closed-13 $201,500-$500,000                    Active-119 $119,900-$899,000

Yorkville-New 10 $214,900-$1,399,000            Closed-15 $151,000-$385,000                    Active-131 $129,900-$1,399,000 with 1 Auction

These numbers change by the minute.  That is one good thing as soon as an agent enters the information we have it.  If you are looking we can set you up to receive listings as they hit the market.

Accepted contracts this week

Market Update Fox Valley-June 30 2018-Accepted Contracts this weekAccepted contracts this week were up.  303 this week compared to 275 last week.  We are still seeing multiple offer situations. It is still a great time to be a seller.

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

Aurora-47                      Bolingbrook-22                      Geneva-17                         Minooka-16

Naperville-54                Oswego-18                             Plainfield-34                      St Charles-23

Short sales contracts accepted this week remain low.  3 this week compared to 5 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 closing of the buyers current home.  Buyers have already accepted a contract on their home but need to close before purchasing.  5 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the sale and close of Buyers current home.  Buyers might or might not already have their current home on the market.  2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

Contact us

Give a call 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/selling or both.  We will guide you through the process.

If you are just starting to think about purchasing a home you might want to know more about loans and the process so when you talk to a loan officer you will have a better understanding about each type of loan.  You need to get pre approved for a loan before you start looking for a home.

If you are a veteran and want to know more about VA loans and the process you can get some good information.

Check out current interest rates.  The interest you will receive depends on your credit score so it is a good thing to work on your score and bring it up as much as you can.  Your loan officer will give you some good ideas on how to do that.

There are programs that might assist you with your down payment.  It is worth your time to see if you qualify for anything.  Especially if you are a policeman, firefighter or teacher.

Thinking about selling your home?  It is still a great time to be a seller.  We can do a market analysis on your home and let you know the current value. A net proceeds will be provided to you that gives you an estimate of costs to sell your home so you know what you might have to work with in purchasing another home.  We will update this when an offer comes in and we know all the terms of the offer so you can make a good decision.

Market update Fox Valley-June 30 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!  Click on email alerts so you can receive listings as they hit the market.

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Fox Valley Market Update August 19 2017
New & Closed Homes this week
Contracts Accepted this week Fox Valley August 19 2017
Sellers Accepted Contracts this Week in these Communities

Fox Valley Market Update August 19 2017

Fox Valley Market Update August 19 2017.  New listings this week were not much different from last week.  295 this week compared to 297 last week.  Most Schools in the area have started and everyone is getting back into the routine.  This does not seem to slow down the homes going on the market.

Closed homes this week were higher.  253 this week compared to 233 last week.  Most likely people trying to close in the last minute right before School starting.  As you can see the number for listed homes and closed homes are similar.  If they are priced right and in good condition they are selling.  Inventory remains low in most areas.

Take a look at the Fox Valley Market Update August 19 2017 with the communities that have the most activity:

Aurora-New 41 Closed 37

Batavia-New 12 Closed 9

Bolingbrook-New 18 Closed 17

Geneva-New 16 Closed 17

Montgomery-New 7 Closed 12

Naperville-New 50 Closed 48

North Aurora-New 12 Closed 6

Oswego-New 12 Closed 8

Plainfield-New 45 Closed 20

St Charles-New 25 Closed 19

Sugar Grove-New 8 Closed 10

West Chicago-New 11 Closed 7

Contracts Accepted this Week Fox Valley Market Update August 19 2017

Contracts accepted this week Fox Valley August 19 2017.  Fox Valley Market Update August 19 2017. Sellers accepted contracts this week were higher than last week.  254 this week compared to 219 last week.  That is a nice increase!  Some very excited buyers and sellers looking forward to getting to closing.

Short sales were lower this week.  3 this week compared to 7 last week.  1 was in Montgomery and the other 2 were in North Aurora.  It is great that these numbers have gone down so much.

Sellers accepted contracts that are contingent on the buyer closing on their home.  The buyers already have a contract accepted on their home and need to close before purchasing another.  6 of them have a kick-out clause of 72 hours, 10 with 48 hours and 5 with 24 hours.

Sellers also accepted contracts with a buyer that either has not put their home on the market or do not have a contract yet on their home.  4 of them have a kick-out clause of 48 hours.  

Both of these scenarios you will want to speak to your real estate Attorney about before entering into this situation whether you are a buyer or a seller.  It is always good to take the time to talk to your REALTOR and your real estate Attorney in the beginning.   When you list your home or start to look at homes about the different situations that might come up before you either fall in love with a home or have an offer in front of you.  That way you are prepared for the situation and will not lose time and maybe lose out on a home or buyer if the situation comes up.

Contact Us

Contact us with all of your real estate questions.  Whether you want to list your home or you are thinking about purchasing.  

Request a home evaluation if you are thinking about selling so we can tell you what your home is worth in the current market.  We can provide you with a net proceeds so you have an estimate of what you will receive at closing.

If you are thinking about purchasing a home and want to know more about loans and the process we can give you recommendations of loan officers to contact.  You might also want to check out Down Payment Resource to see if there is anything to help you.

You can search for homes for sale, recently sold homes near you or Open Houses anytime. 

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.  You can also fill out the contact form if it is easier for you.  We will get back to you very soon.  We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley  Market update Fox Valley August 19 2017.  Have a great week!