Market Update Fox Valley October 28 2017
Contracts Accepted this week Fox Valley

 

Market Update Fox Valley October 28 2017

 Market Update Fox Valley October 28 2017.  New listings increased 8 1/2% this week.  223 this week compared to 190 last week.  Great news but we still need to see this percentage higher to meet the demand of buyers.

Closed listings increased 9%.  194 this week compared to 178 last week.  The end of the month is usually when you see the most closed listings.  We are down almost 7 1/2 % percent from the end of the month in September.  We still have Monday & Tuesday left for closings for the month so the final figures for October are not in yet.

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

Aurora-New 24 Closed 32

Batavia-New 6 Closed 12

Bolingbrook-New 15 Closed 12

Naperville-New 39 Closed 35

Plainfield-New 35 Closed 27

St Charles-New 19 Closed 13

West Chicago-New 11 Closed 8

Yorkville-New 12 Closed 12

The chart above shows you the communities with minimum and maximum price range for New listings and Closed listings.  Many factors go into why some communities are consistently more active then others.  Schools, work, roads & what a community has to offer.  Let us know what you are looking for in a community and a home.

Market Update Fox Valley October 28 2017-Contracts Accepted This Week
Contracts Accepted This Week Fox Valley

 

Market Update Fox Valley October 28 2017-Accepted Contracts This Week

 

Market Update Fox Valley October 28 2017-Accepted Contracts this week.  Contracts accepted this week decreased 9.5%. 207 this week compared to 217 last week.  New listings were down 8% last week so that contributed to the decrease in contracts accepted this week.  The inventory just is not keeping up with the demand.

Short sales accepted this week were down.  3 this week compared to 11 last week.  1 in St Charles and 2 in West Chicago.  Now they will move on to the mortgage company to see if they will also accept them as written.  Prices have come up with low inventory.  There is not as many short sales because of this.

Sellers accepted contracts with a contingency on the buyer closing on their current home.  The buyers have already accepted a contract on their home but need to close before purchasing.  2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with a 24 hour kick-out clause.

Contracts were also accepted by sellers with a contingency that the buyer still needs to sell their home.  They might or might not already have their home on the market. 4 with a kick-out clause of 72 hours and 6 with 48 hours.

Take a look at the communities that had the most activity with sellers accepting contracts this week:

Aurora-22

Bolingbrook-16

Geneva-11

Naperville-47

Oswego-11

Plainfield-25

The chart above shows you how many contracts accepted in each community.

Resources

Resources for you to take a look at if you are thinking about purchasing a home.  CFPB to see about the different types of loans and the process. We can make recommendations of loan officers to contact that we have successfully worked with.   Down Payment Resource to see if any help is available to you.  You can also go to the community website you are thinking about to see if they offer any help with grants and what they have to offer in activities.  You can check out school ratings.

If you are thinking about selling your home you can request home valuation to see where you are at in the current market.  We will also provide an estimate on net proceeds so you can see if it makes sense to sell now.  The net proceeds will be updated when a contract comes in with the price and terms so you can make a decision.  Give you advice on getting your home market ready.

Contact Us

Contact us 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 you prefer to let us know how and when you would like us to contact you.

You can search for homes anytime whether you are thinking about selling a home, purchasing or would just like to keep an eye on the market.    We make it our business to find the perfect fit for your needs.  Price and terms that are best.  Best Homes Fox Valley.  Market Update Fox Valley October 28 2017

Market Update Fox Valley October 21 2017
Activity this week Fox Valley

Market Update Fox Valley October 21 2017

Market Update Fox Valley October 21 2017.  New listings of homes were down 8% this week.  190 this week compared to 230 last week.  Inventory continues to remain low across the Fox Valley.  If you are thinking about selling this market is the one to jump into without a lot of competition.

Closings this week increased 9%.  178 this week compared to 164 last week.  We are heading closer to the end of the month so this is to be expected.  You will probably see it higher next week.

The chart above shows the communities with activity this week.  It shows new listings in each community and the price range. It also shows closed listings in each community with price range.  Some communities consistently have more activity than others.  This week the communities with the most activity are:

Aurora-New 26 Closed 32

Bolingbrook-New 20 Closed 14

Naperville-New 31 Closed 23

Oswego-New 7 Closed 12

Plainfield-New 20 Closed 23

St Charles-New 15 Closed 13

West Chicago-New 7 Closed 12

Size is a factor in some communities having more activity.  Schools, access to roads or work and what the community has to offer are other factors.

Market Update Fox Valley October 21 2017-Contracts Accepted This Week
Sellers Accepted Contracts In These Communities

Market Update Fox Valley October 21 2017-Contracts Accepted This Week

Contracts accepted this week were down 9%.  217 this week compared to 228 last week. That is not a huge difference and some of this is because of low inventory.

The chart above shows you the communities that sellers accepted contracts this week.  The communities with the most activity for accepting contracts are:

Aurora-36

Bolingbrook-23

Montgomery-14

Naperville-32

Plainfield-31

St Charles-18

Short sales were up this week.  11 this week compared to 5 last week.  Now that the seller has accepted the contract it will go on to the mortgage company to see if they will also accept the contract as written or if they will make some changes.

Contracts were accepted with a contingency of buyer closing on their current home before purchasing.  They have already accepted an offer on their home but it needs to close.  7 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with a 24 hour kick-out clause.

Sellers also accepted contracts that are contingent on the buyer selling their home.  They might or might not of already put their home on the market.  It needs to receive a contract and close before purchasing. 1 with a 72 hour kick-out clause, 1 with 48 hour and 1 with a 24 hour kick-out clause.

Resources

To check out schools in Illinois and other information.  Look up the current interest rates for purchasing a home.  Your credit score is a factor on the interest rate you will receive so get pre-approved with a lender if you want to purchase a home and see if there is anything you need to work on with your score.  To look up information about the different types of loans and the process go to CFPB.  There is a lot of good information there.  Down payment resource is another place you should check to see if there is any help.  Also check with the community that you are looking in.

Contact Us

Contact us so we can help you get the price and terms that are best whether you are buying or selling a home.  We make it our business to find the perfect fit for your needs.  You can fill out the contact form or call us at 630-503-6555.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. 

Search for homes anytime whether you are thinking about purchasing or selling a home to see what is going on in the market. 

You can request a  market valuation to see what your home is worth in the current market.  We will also provide you with a net proceeds so you know how you might do.  When a contract comes in we will update it again with the price and terms.

Have a great week!  Best Homes Fox Valley Market update Fox Valley October 21 2017.

 Market Update Fox Valley October 7 2017.  A jump in new listings this week!  301 this week compared to 273 last week.  That is great for buyers that are waiting for new homes to come on the market to go and view.  Let’s keep them coming!

Closed homes this week were down.  208 this week compared to 260 last week.  This was to be expected with the beginning of the month.  You will see more at the end of the month.  208 is still a good number for the start of a month.

The chart above shows you the communities in the Fox Valley that had activity in our market update.  It shows New listings, how many and the minimum and maximum price listed.  It also shows you the closed homes, how many and the minimum and maximum price closed in each community.  The communities with the most activity this week:

Aurora-New 32 Closed 34

Batavia-New 7 Closed 11

Bolingbrook-New 26 Closed 19

Geneva-New 10 Closed 8

Montgomery-New 12 Closed 8

Naperville-New 63 Closed 24

Oswego-New 15 Closed 12

Plainfield-New 42 Closed 27

St Charles-New 28 Closed 15

If you are an investor looking for something under $100,000 you can see above there are not too many listed this week.  If you are a home owner thinking about selling take a look at your community and see the sold homes and the price range.  Prices have definitely gone up.

Market Update Fox Valley October 7 2017-Accepted Contracts
Communities That Accepted Contracts This Week

 

Market Update Fox Valley October 7 2017-Accepted Contracts

Market Update Fox Valley October 7 2017-Accepted Contracts.  Accepted contracts this week were right on target with last week.  216 this week compared to 217 last week.  The market is continuing to be consistent.  That is a good thing!

There were 8 short sales accepted this week by sellers.  Now they will go on to see if the lender will approve as accepted or if they will change it to what they need.  Some of buyers don’t understand that the listed price is not what the bank told the agent to list it for.

Contracts were accepted by sellers with a contingency that the buyer needs to close on their current home before they can close theirs.  The buyers already have accepted a contract on their home.  4 of them with a kick-out clause of 72 hours and 5 with a 48 hour kick-out clause.

Sellers also accepted contracts this week that the buyer still needs to sell their home.  The buyers do not have a contract on their home yet.  They might or might not already have their home on the market.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 3 with a 24 hour kick-out clause.

Market Update Fox Valley October 7 2017-Contact Us
Kristine Heiman-Managing Broker, Jeffery Szymczak-Broker & Bobby Burson-Broker

 

Contact Us

Contact us with all of your real estate questions.  If you are thinking about selling your home we will do a home valuation for you to let you know what it is worth in the current market.  Let you know what you need to do to get your home market ready.

If you are thinking about moving in the next 6 months now is the time to get in touch with a lender to see if you need to work on any credit issues or bring up your score to get the best interest rate.  We can recommend loan officers that we have worked with successfully if you don’t know who to contact.  You can also go to CFPB to learn more about the process.  Down payment resource is another place to go to.

Search for homes anytime whether you are looking to purchase or sell.  You can keep an eye on the market.  To get the price and terms that are best we will explain the process and what you need to do and not do.  We make it our business to find the perfect fit for your needs. 

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Have a great week!  Best Homes Fox Valley.  Market Update Fox Valley October 7 2017

Market Update Fox Valley September 9 2017
Fox Valley Activity New & Sold Homes
Market Update Fox Valley September 9 2017 Accepted Contracts This Week
Contracts Accepted This Week

 

Market Update Fox Valley September 9 2017

Market update Fox Valley September 9 2017.  First full week of September is off to a great start with New homes listed.  293 this week compared to 248 last week.  We hope this continues now that we are past the opening of the schools.  Inventory is still extremely low in most areas of the Fox Valley.

Closed homes in the Fox Valley were down this week.  176 this week compared to 295 last week.  That is the difference between the beginning of the month and the end of the month.  If you need a mortgage to purchase you will want to close towards the end of the month so you can come into closing with less money.  You need to bring in the interest from the day of closing to the end of the month.  Most people choose to close towards the end of the month to use those funds for moving in and updating things to make the home more personal to their needs.

These lists are for single family homes only.  We can provide you with the information for Attached housing, Multi-family and rentals just let us know what you are looking for.  Take a look at the communities with the most activity this week:

Aurora-New 36 Closed 32

Batavia-New 11 Closed 7

Bolingbrook-New 14 Closed 20

Geneva-New 13 Closed 6

Montgomery-New 11 Closed 7

Naperville-New 56 Closed 23

Oswego-New 18 Closed 6

Plainfield-New 41 Closed 27

St Charles-New 32 Closed 11

Yorkville-New 10 Closed 4

Market Update Fox Valley September 9 2017-Accepted Contracts

Accepted contracts this week were down from last week.  194 this week compared to 256 last week.  Hopefully with the increase in New homes coming on the market will increase this number this next week.

Short sales were the same as last week.  7 accepted short sales by the owners.  Now they will go on to see if the mortgage company will accept them.  This can be so confusing to people.  The price that the home is listed for in most cases the mortgage company does not even know what price they have it up for sale for.  They might or might not accept the price the owners accepted.  These take time.  You need to be patient.  If time is an issue these are not the homes you should be looking at.

Sellers accepted contracts this week that the buyer needs to close on their home before they can purchase.  The buyers have already had their home on the market and have accepted a contract on their home.  7 of them have a 72 hour kick-out clause, 9 with 48 hour and 1 with a 24 hour kick-out.

Home owners also accepted contracts with buyers that need to sell their home.  They might already have it on the market or not.  They do not have a contract on their home yet. 2 of them have a 72 hour kick-out clause, 6 with 48 hour and 1 with a 24 hour kick-out.

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

Aurora-36   2 of them were short sales

Bolingbrook-14

Naperville-28     2 of them were short sales

Oswego-12

Plainfield-21    2 of them were short sales

St Charles-17

The other short sale was in Montgomery.

Contact Us

Contact us if you are thinking about selling your home or purchasing.  You can request a home evaluation so we can let you know what your home is worth in today’s market.  We can also provide you with an estimate of expenses.

If you are just starting to think about purchasing a home your fist step is talking to a loan officer to get pre-qualified so you know what price range will work out for you.  You will also need this when you do find a home to go with the offer to purchase.  The seller will want to know that you are qualified before they will accept your offer.  We can make a few recommendations for you to contact.

 CFPB and Down Payment Resource are resources for you to look at.  One tells you the process of getting a loan and the other lets you know if you qualify or any assistance.

You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  If you prefer you can fill out our contact form and let us know the best way you would like us to get in touch with you.  You can search for a home anytime.   We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley Have a great week!  Market Update Fox Valley September 9 2017.

 

Market Update Fox Valley September 2 2017
Fox Valley Activity this week
Accepted offers this Week Fox Valley September 2 2017
Communities that Sellers Accepted Offers

 

Market Update Fox Valley September 2 2017

Market Update Fox Valley September 2 2017.  We hope you are enjoying your Labor Day weekend!  I am late posting this Market Update I was at my niece’s Wedding yesterday.  New Listings of single family homes were down this week.  248 this week compared to 256 last week.  Inventory of homes for sale continues to be an issue.  It has increased prices.

Closed homes this week were up.  295 this week compared to 220 last week.  This is due to the end of the month which is more desirable if you are getting a mortgage so you can bring less to closing.  The earlier in the month the more you bring in for interest if you are getting a loan.

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

Aurora-New 27 Closed 56

Batavia-New 12 Closed 10

Bolingbrook-New 16 Closed 19

Montgomery-New 8 Closed 15

Naperville-New 42 Closed 42

North Aurora-New 12 Closed 6

Oswego-New 12 Closed 10

Plainfield-New 32 Closed 45

St Charles-New 23 Closed-15

West Chicago-New 11 Closed 12

Yorkville-New 8 Closed 12

Market Update Fox Valley September 2 2017-Accepted Offers This Week

Sellers accepted more offers this week compared to last week.  256 this week compared to 213 last week.  Despite low inventory and school starting in most communities buyers are still actively looking for homes.

Short sales were also down this week.  Sellers accepted 7 this week compared to 12 last week.  Now they will move on to get approval from the mortgage company.

Offers were accepted that are contingent on the buyers home closing.  Buyers have already accepted an offer on their home but need to close before purchasing. 6 of them have a kick-out clause of 72 hours, 20 with 48 hours and 1 with 24 hours.

Sellers also accepted offers that are contingent on the buyer selling their home.  They might already have their home on the market or might not but they need a contract on their home and then need to close before purchasing. 2 have a kick-out of 72 hours and 4 with 48 hours.

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

Aurora-37  – 1 with a short sale

Batavia-11

Bolingbrook-16 –   2 with a short sale 

Naperville- 26

Plainfield-26   –  1 with a short sale

St Charles-11  –  2 with a short sale

North Aurora was the only other community that seller accepted a short sale this week.

Contact Us

Contact us with all of your real estate questions.  We are keeping an eye on the market.  If you would like a home evaluation to let you know the value of your home in the current market let us know.

Buyers need to get pre-approved with a lender to begin looking at homes.  We can give you a few recommendations of loan officers to contact so you can decide who you think will be best to work with.  You can also go to CFPB to learn more about the loan process. Down Payment Resource is another place to go to see if you qualify for help.  You can start searching for homes anytime.

Give a call at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  If you would like to fill our our contact form instead we will get back to very soon.

We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley Have a great week!

 

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!

Activity this week Fox Valley August 12 2017
Fox Valley Activity New and Closed listings in each community
Contracts accepted this week August 12 2017
Communities in Fox Valley that sellers accepted contracts

Activity this week Fox Valley August 12 2017

Activity this week Fox Valley August 12 2017.  New listings were down from last week.  297 this week compared to 326 last week.  Not too bad but when inventory is low this does not help.  School is getting ready to start in most areas so hopefully we will be picking up again real soon.

Closed listings were way down this week.  233 this week compared to 326 last week.  It is the beginning of the month.   These number will pick up as we get closer to the end of the month.

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

Aurora-New 45 Closed 37

Batavia-New 10 Closed 3

Bolingbrook-New 21 Closed 11

Geneva-New 23 Closed 12

Montgomery-New 9 Closed 12

Naperville-New 37 Closed 50

Plainfield-New 41 Closed 32

St Charles-New 22 Closed 14

Sycamore-New 8 Closed 10

Yorkville-New 17 Closed 6

Contracts accepted this week

Contracts accepted this week were down from last week. 219 this week compared to 257 last week.  7 contracts were accepted that were a short sale.

Sellers this week accepted contracts where the buyer has a home that already has a contract on it. 1 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts where the buyer either has not put their home on the market yet or they do have it on the market with no contract yet. 2 with a kick-out clause of 72 hours and 4 with 48 hours.

Take a look at the communities that had the most accepted contract this week:

Aurora-44 with 2 of those a short sale

Bolingbrook-18

Naperville-33 with 3 of those a short sale

North Aurora-10 with 1 of those a short sale

Plainfield-30 with 1 of those a short sale

St Charles-12

Great time to be a Seller

It is still a great time to be a Seller!  Inventory remains low in most areas of the Fox Valley.  Prices are up.  Request a home valuation to see what your home is worth in today’s market.  See if it is the right time for you to make a move.  We can also tell you what you need to do to get your home market ready.

Contact us

Contact us for questions that you have and recommendations of loan officers to contact.  We will guide you through the process.  If you would like to search for homes you can do that anytime anywhere in Northern Illinois.  Search for Down payment assistance.  Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Activity this week Fox Valley August 12 2017. Best Homes Fox Valley  Have a great week!

Market Update Boulder Hill Subdivision Montgomery IL
Boulder Hill Subdivision

Market Update Boulder Hill Subdivision Montgomery IL

Market update Boulder Hill Subdivision Montgomery IL.  37 sellers accepted contracts and 24 closed in the last 30 days.  Average days on market of those 24 that recently closed was 18 days.  Right now there are only 23 homes for sale.   These figures change daily.  Out of 2,848 homes in this subdivision, according to Wikipedia, that is not a lot of homes to choose from.  This is an unincorporated subdivision.  

It is a great time to be a seller in Boulder Hill

It is a great time to be a seller in Boulder Hill right now.  Inventory is extremely low and prices are up.  When do you think you will be ready to make a move?  Request a home valuation on your home so we can let you know the current value of your home in this market.  We can help you with tips to get your home market ready.  Pricing your home correctly from the beginning will bring you top-dollar for your home.  That is what you want right?

Buying a home in Boulder Hill

Buying a home in Boulder Hill right now is a challenge.  Right now you have 23 to choose from starting at $144,900 and up from there.  We can set you up to be alerted as homes hit the market so you don’t miss out on anything that comes up.  All you need to do is fill out our contact form and tell us how soon you want to be in a new home and what the perfect fit would be.

Contact us

Contact us for all your real estate needs whether you are buying or selling a home.  You can call 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We make it our business to find the perfect fit for your needs.  You can always search for a home anytime and contact us with questions.  If you would like us give you market update Boulder Hill Subdivision Montgomery Il we would be happy to keep you informed.  Best Homes Fox Valley  Have an awesome day today!

Activity this week Fox Valley August 5 2017
Fox Valley Activity New listings and Closed listings
Contracts Accepted this Week Fox Valley August 5 2017
Homes in the Fox Valley that accepted contracts

 

Activity this week Fox Valley August 5 2017

Activity this week Fox Valley August 5 2017.  We are keeping an eye on the market each week and posting it for you so you can watch and see if there are any fluctuations in the market.  Each week there are slight variations depending on whether it is the beginning of the month or end of the month.  Slight variations are fine.  What you want to watch for are any big changes.  It continues to be a great time to be a seller. Inventory remains low in most areas.

New listings of homes this week were slightly higher than last week.  326 this week compared to 292 last week in the Fox Valley area.  Homes that had contracts accepted and closed this week were also slightly higher than last week.  326 this week compared to 296 last week.  If you look at the charts above you will see the minimum and maximum price listed and closed for each community.  Take a look at the communities that were the most active this week Fox Valley August 5 2017:

Aurora-New 31 Closed 56

Batavia-New 14 Closed 10

Bolingbrook-New 24 Closed 21

Geneva-New 24 Closed 17

Montgomery-New 8 Closed 13

Naperville-New 60 Closed 55

North Aurora-New 7 Closed 14

Oswego-New 14 Closed 11

Plainfield-New 43 Closed 41

St Charles-New 28 Closed 23

West Chicago-New 10 Closed 9

Yorkville-New 17 Closed 14

Sellers that accepted contracts this week Fox Valley August 5 2017

Sellers that accepted contracts this week Fox Valley August 5 2017 were slightly higher than last week.  257 this week compared to 253 last week.  It does not seem to be letting up.  These numbers would be higher if there was more inventory.

Contracts accepted that were selling as a short sale were lower than last week.  3 this week compared to 7 last week.  This continues to be a good trend away from the short sales.

Sellers accepted contracts from buyers this week that are contingent on the close of the buyers home.  The buyers have accepted a contract on their home and are purchasing another but need to close on the home to purchase.  9 this week with a kick-out clause of 72 hours, 17 with 48 hours and 3 with 24 hours.  

Contracts were also accepted from sellers that the buyer still needs to sell their home.  Either it is already on the market but no contract yet or still needs to put their home on the market.  6 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

 If another buyer would come in with an offer the current buyer would have the amount of hours agreed to to waive contingency or back out.  You will definitely need to consult with your real estate attorney and loan officer in this situation and talk about your options.  It would be good to talk to them before entering into this situation in the first place either as a buyer or a seller.

Contact us

Contact us if you or someone you know is thinking about selling their home or purchasing.  We will guide you through the process every step of the way.  Request a home evaluation and we will let you know the value of your home in the current market.  Give you advise on what you need to do to get your home market ready.

Thinking about purchasing a home?  Go to CFPB to lookup information about loans and the process.  We can also make recommendations of loan officers to contact.  Down payment resource is another place to go to and see if you qualify for help with a down payment.  It does not hurt to look!  You can start searching for a home anytime on our website anywhere in Northern Illinois without all the ads on other sites.

You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Fill out the contact form if it is easier and let us know if you are thinking about selling or purchasing.

Activity this week Fox Valley August 5 2017.  We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley  Have a great week!

Activity this week Fox Valley July 29 2017
Fox Valley Activity
Contingent this week Fox Valley July 29 2017
Homes that accepted a contract this week.

Activity this week Fox Valley July 29 2017

Activity this week Fox Valley July 29 2017.  New listings of homes were down a little this week.  292 homes listed this week compared to 337 last week.  July is usually vacation month so we are hoping in August we will see more homes come on the market.  People are busy getting the last trip in and getting ready for school to start.

Closed homes this week were up.  296 this week compared to 265 last week.  Monday will probably be a big day for closings because it is that last day of the month.  The closer to the end of the month the less buyers need to bring in for interest at closing.  

The chart above shows the minimum and maximum price for listed & closed homes in each community.  You might need to take a look at a different community then you are currently looking in because of price range.  Some communities are always very active and others are slower.  There are a lot of things to consider when you are purchasing.  You always want to consider resale.  Take a look at the communities this week with the most activity:

Aurora- New 31 closed 46

Batavia-New 12 Closed 9

Bolingbrook-New 31 Closed 28

Geneva-New 16 Closed 9

Montgomery-New 10 Closed 7

Naperville-New 37 Closed 50

Oswego-New 21 Closed 9

Plainfield-New 30 Closed 36

St Charles-New 33 Closed 21

West Chicago-New 11 Closed 11

Activity this week Fox Valley July 29 2017 Contingent listings

Contingent listings this week Fox Valley July 29 2017.  Sellers accepting contracts this week were down a little.  253 this week compared to 266 last week.  There were 7 that accepted a contract that were a short sale.  Now the work begins on those to see if the mortgage company will accept the offer as well.  8 sellers accepted a contract that the buyer has a home that is under contract but needs it to close so they have a kick-out clause of 72 hours.  12 with a 48 hour kick-out and 3 with a 24 hour kick-out clause.  5 sellers accepted contracts from buyers that either have not put their home on the market yet or it has not sold so it is contingent on the sale and close of their home with a 72 hour kick- out clause.  5 with 48 hour and 1 with a 24 hour kick-out clause.

Homes are selling quickly if they are in good condition and priced right.  Sellers are getting more confident with accepting contingent offers.  This is newer.  Even just a year ago you were not seeing contingent on a close or sale of a buyers home very much.  Prices have gone up and homeowners are deciding it is a good time for them to sell and find a bigger home or downsizing. 

Contact us

Contact us for a home valuation so you know the price of your home in the current market.  Advise on what you need to do to get your home market ready.  Recommendations for a loan officer to contact to get started getting pre-qualified if you want to purchase a home.  Call 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 form if it is easier for you.

Resources

Resources for you to check out if you are a purchaser are CFPB, Down Payment Resource or the community website that you are looking in.  They sometimes have programs to help.  You can always go to our website to search for homes anytime.

We are keeping an eye on the market.  We make it our business to find the perfect fit for you needs. Best Homes Fox Valley.  Have a great week!   Check back with us next Saturday for Activity this week Fox Valley.