Fox Valley Market Update May 4 2019

Fox Valley Market Update May 4 2019

Fox Valley market update May 4 2019.  New listings of single family homes were almost identical to the week before. 403 this week compared to 405 the week before.  We love a consistent market!  If you can’t find a home in the community you are currently looking in with the price range you need.  Look at the chart above and see where you should be looking.

Look at the numbers so far this year for New listings of single family homes:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May so far-403

Closed listings this week were way up.  301 this week compared to 208 the week before.  Monday and Tuesday were the last 2 days of April. I bet a lot of the closings happened those 2 days.  Most Buyers want to close at the end of the month.

Here are the totals for each month of closings of Single family homes:

  • January-407
  • February-465
  • March-915
  • April-790
  • May so far-301

Take a look at the activity this week:

Aurora-New 56 $120,000-$599,900                                                     Closed-43 $119,500-$597,500

Batavia-New 8 $220,000-$1,575,000                                                   Closed-13 $170,000-$759,900

Bolingbrook-New 24 $199,900-$450,000                                            Closed-21 $168,000-$674,999

Geneva-New 14 $259,900-$712,900                                                    Closed-17 $282,500-$1,095,000

Montgomery-New 10 $189,800-$489,900                                           Closed-16 $153,000-$273,000

Naperville-New 92 $240,000-$1,525,000                                            Closed-45 $295,000-$2,150,000

Oswego-New 25 $144,900-$499,900                                                  Closed-12 $70,000-$353,900

Plainfield-New 41 $175,000-$549,900                                                Closed-44 $190,000-$1,775,244

St Charles/Campton Hills-New 37 $224,900-$1,275,000                    Closed-26 $230,000-$779,000

West Chicago-New 10 $248,900-$649,800                                          Closed-11 $140,000-$436,000

Winfield-New 10 $269,900-$675,000                                                  Closed-5 $215,000-$622,000

Yorkville-New 18 $150,000-$550,000                                                  Closed-12 $187,000-$392,000

Contracts accepted this week

Fox Valley Market Update May 4 2019-Contracts accepted this week

Contracts accepted by Sellers was up slightly this week.  338 this week compared to 311 the week before.  We have had nothing but rain. It has not kept the Buyers away though.  They know that they better look now or they will miss out on a property.  You can’t sit back and wait for a better time.

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

Aurora-45                                Bolingbrook-20                                 Geneva-12                              Montgomery-10

Naperville-58                           North Aurora-14                                Oswego-20                             Plainfield-46

St Charles/Campton Hills-17   Yorkville-20

Look at the monthly totals so far this year of accepted contracts:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May so far-338

So far this year March has been the best month over all.  May is looking like the month to pass up March. We are off to a great start this month.  Don’t sit back and wait.  It still is a great time to get your home on the market or look for a home to purchase.

Short sales accepted by Sellers is exactly the same this week as the week before.   3 both weeks.  Now they will be submitted to the lender to see if they will also accept as written.

Contracts were accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing.  9 with a kick-out clause of 72 hours, 13 with 48 hours and 2 with 24 hours.

Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing.  3 with a kick-out clause of 72 hours, 7 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.  Our goal is to negotiate price and terms that are best whether you are selling or buying a home.

Contact us to update the market value on your home.  We will provide you with a net proceeds that gives you and estimate of expenses to sell.  We will update this when an offer comes in and we know all the terms so you can make an informed decision.

Resources for you to check out:

Fox Valley market update May 4 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

You might want to try this tool  and see if you like it better for your search.  You can see a satellite view so you can see if a home is on a corner, if it has a back yard or what else is for sale in the neighborhood. 

Fox Valley Market Update-April 27 2019

Fox Valley Market Update-April 27 2019

Fox Valley market update-April 27 2019.  New listings of single family homes are up this week!  405 this week compared to 341 the week before.  Great news for buyers that are having a hard time finding just the right home in the right location. There is more to choose from.  If you are having a hard time finding a home in a certain location let us know. We will see what we can do.

Look at the activity so far for this year for New listings of home:

  • January-878
  • February-1,032
  • March-1,731
  • April so far-1,594

There is only 3 days left of the month so I do not think we will catch up to March totals.

Closed listings this week were exactly the same as the week before.  208 this week and also the week before.  Monday and Tuesday will be busy with closings so that will bring up the total for the first week in May.

Closed listings for the year so far:

  • January-407
  • February-465
  • March-915
  • April so far-790

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

Aurora-New 46 $119,900-$1,250,000                                    Closed-28 $75,000-$414,000

Batavia-New 16 $239,900-$579,900                                      Closed-3 $214,000-$522,000

Bolingbrook-New 28 $173,900-$785,000                              Closed-23 $129,150-$340,000

Geneva-New 17 $229,900-$995,000                                      Closed-12 $196,000-$545,000

Naperville-New 93 $259,900-$2,299,000                               Closed-28 $300,000-$851,000

North Aurora-New 12 $184,900-$464,774                            Closed-4 $215,000-$328,000

Oswego-New 25 $187,900-$749,000                                     Closed-11 $154,000-$437,900

Plainfield-New 44 $155,000-$1,300,000                                Closed-25 $170,000-$399,000

St Charles/Campton Hills-New 32 $225,000-$899,900          Closed-13 $204,900-$755,000

Sycamore-New 11 $145,000-$499,900                                  Closed-7 $40,000-$339,900

Yorkville-New 18 $160,000-$455,000                                    Closed-11 $215,000-$499,990

Contracts Accepted this Week

Fox Valley Market Update-April 27 2019-Contracts Accepted this Week

Contracts accepted this week were down.  311 this week compared to 341 the week before.

Sellers accepted the most contracts in these communities this week:

Aurora-34                                 Batavia-11                             Bolingbrook-19                       Geneva-13

Montgomery-12                        Naperville-47                         Oswego-25                               Plainfield-36

St Charles/Campton Hills-28     West Chicago-10                   Yorkville-10

Look at the year so far:

  • January-608
  • February-832
  • March-1,375
  • April so far-1,307

It looks like March is the best month so far this year in the Fox Valley area.

Short sales this week were also down.  3 this week compared to 7 the week before.  There was 1 each in Aurora, Bolingbrook and Plainfield accepted this week.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing.  5 with a kick-out clause o f72 hours, 18 with 48 hours and 5 with 24 hours.

Contracts were also accepted by Sellers 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 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jefferey Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101 with any questions you have.  Our goal is to negotiate price and terms that are best whether selling or purchasing a home.

If you are thinking about selling this year right now is the best time to sell. Don’t miss out on Spring market.

Are you thinking about purchasing?  Your first step is to contact a loan officer to get pre-qualified so you know what type of loan and price range will work out best for you.

Resources to check out:

Fox Valley market update-April 27 2019.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Try out a different way to search for a home that lets you see where in the neighborhood the home is situated.  Does it have a back yard?  Is there anything else in the neighborhood for sale?  What are the prices.

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.