Market Update Fox Valley-May 26 2018

Market Update Fox Valley-May 26 2018Market Update Fox Valley-May 26 2018.  Almost to the end of another month.  Memorial Weekend a time to honor the fallen soldiers. 

This week was lower with new listings.  329 this week compared to 425 last week.  I hope new listings pick up after the holiday weekend.

Closed listings were up this week.  322 this week compared to 259 last week.  There is 3 more days next week of the end of the month. 

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

Aurora-New 44 $84,900-$989,000                  Closed-43 $73,300-$1,459,000                Active-270 $75,900-$1,450,000 with 4 Auctions

Batavia-New 4 $180,000-$625,000                 Closed-12 $210,000-$451,000                 Active-89 $179,000-$1,210,000

Bolingbrook-New 17 $155,000-$599,000       Closed-30 $109,000-$493,000                 Active-115 $149,900-$699,999

Geneva-New 11 $293,500-$739,900               Closed-15 $206,500-$515,000                 Active-150 $170,000-$1,695,000

Minooka-New 10 $129,900-$380,000             Closed-2 $190,000-$245,000                   Active-50 $129,900-$1,195,000

Montgomery-New 17 $179,500-$280,000      Closed-10 $188,000-$294,500                 Active-71 $149,900-$343,000

Naperville-New 67 $279,900-$1,199,000        Closed-62 $220,000-$1,270,000              Active-642 $209,900-$6,888,000 with 2 Auctions

North Aurora-New 6 $189,900-$429,900        Closed-10 $160,000-$340,000                 Active-67 $167,000-$595,000

Oswego-New 13 $204,900-$485,000              Closed-12 $185,000-$475,000                 Active-113 $183,900-$1,595,000

Plainfield-New 41 $150,800-$2,200,000         Closed-35 $206,00-$530,000                   Active-318 $150,800-$2,200,000 with 1 Auction

St Charles-New 36 $239,000-$3,495,000        Closed-27 $185,000-$675,000                Active-432 $102,900-$3,895,000 with 1 Auction

Sycamore-New 7 $147,000-$349,500              Closed-11 $118,000-$598,650                Active-60 $129,900-$519,900

Yorkville-New 18 $129,900-$439,900               Closed-16 $184,000-$343,250                Active-139 $129,900-$974,000

Contracts Accepted This Week

Market Update Fox Valley-May 26 2018-Contracts Accepted This Week

Sellers accepted  a little more contracts this week.  330 this week compared to 309 last week.  It has been a good Spring Market even with low inventory.  This is the best time to sell if you want to close during the summer months.  You will still have time to enjoy summer in your new home.  

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

Aurora-49                                              Bolingbrook-29                                              Geneva-15

Montgomery-14                                   Naperville-59                                                  Oswego-17

Plainfield-34                                         St Charles-33                                                  Yorkville-12

Short sales contracts were also down this week.  Only 1 this week last week there were 2. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with a contingency on the close of the buyers home.  Buyers have already accepted a contract on their home but need to close before purchasing.  6 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

Contracts were also accepted with contingencies on the sale and close of the buyers home.  Buyers home might or might not currently be on the market.  They still need to sell their home and close before purchasing.  3 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

That wraps up the activity for the week in the Fox Valley area.  Let us know what questions that you have.

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.  Our goal is to negotiate price and terms that are best.  We make it our business to find the perfect fit for your needs.

We would be happy to do a market analysis on your home to let you know the current value and to give you and estimate of the costs to sell.  It will help you decide if now is the right time for you.

If you are just starting to look for a home your first step is to talk to a loan officer to get preapproved.  The loan office will give you a letter showing what you qualify for.  This will go with an offer when you find the right home so the sellers knows that you are a good buyer for their home.  You can learn about the different types of loans and the process.

You might be interested in the current interest rates right now.  Your credit score will determine the interest rate that you will receive.  Most loan officers will help you with your credit score if you need to work on it.

Your down payment will be determined by what type of loan you choose and how much money you want to put down.  There are programs out there and down payment assistance.  Are you a police officer, teacher or fireman?  Some communities also offer assistance. Check with the community website.

Market update Fox Valley-May 26 2018.  Have a great holiday weekend and stay safe!  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley -Search for homes today!

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Market Update January 6 2018

Market update January 6 2017
New & Closed Listing Activity in the Fox Valley Area of Single Family Homes

Market update January 6 2018.  Happy New Year! This is the first market update for 2018.  Now that the holidays are over the market is starting to get back to normal.  If only the temperatures would get back to normal that would be great!  We are supposed to get into the 30’s and 40′ next week.  I am really looking forward to that.

This first week of 2018 new listings were 164 compared to 62 the last week of 2017.  When that number gets to 300 or more a week I will be a little bit happier and I know the buyers will be happier as well.

Closings in this first week were down.  107 this week compared to 137 that last week of December.  These numbers should improve as we get closer to the end of the month. With the increase in listings it will help but a lot of them will be reflected in February numbers for closings.

You should be able to click on the chart above to see it better.  If not let me know and I will gladly email it to you. It shows the New & Closed listings of single family homes in each community and the price ranges.  If you are looking for a home you might want to start with the communities that have the most activity. You might also want to start with the community that is showing the price range you are looking for.  Take a look at this weeks communities with the most activity:

Aurora-New 20 $124,900-$450,000 Closed 21 $82,500-$420,000

Bolingbrook-New 16 $168,900-$424,900 Closed 18 $125,000-$320,000

Geneva-New 12 $235,000-$849,900 Closed 2 $200,000-$255,000

Naperville-New 36 $314,000-$1,200,000 Closed 11 $ 269,000-$1,225,000

Oswego-New 10 $179,900-$424,900 Closed 3 $200,000-$289,000

Plainfield-New 15 $180,000-$790,000 Closed 11 $152,000-$338,000

St Charles-New 13 $265,000-$1,299,000 Closed 11 $203,000-$950,000

Market Update January 6 2018-Accepted Contracts

Market Update January 6 2018-Contracts Accepted
Sellers Accepted Contracts this week in these Communities

Market update January 6 2018-accepted contracts from sellers in these communities was up a little from the last week in December of 2017.  87 this week compared to 78 the week before.  This number should go up next week with the increase of New listings if they are priced correctly.  Even in subzero temperatures buyers are out there looking at everything that hits the market if it is priced right and market ready.   

Sellers there is no need to wait for Spring market the buyers are still out looking.  Right now you will have less competition.

Short sales this week that were accepted by sellers were up slightly.  7 this week compared to 4 the week before. Now they will be submitted to the lender to see if they will also accept the contract as written.

Contingencies are a part of a contract if the terms are waiting for something to happen like home inspection, attorney review, or if the buyer is getting financing.  If the buyer for your home already has a home they might ask for a contingency on the sale & closing or just the closing on their current home. 

This week buyers asked the sellers for a contingency on the close of their home.  They already have a contract on their home but need to close before purchasing. 1 with a 72 hour kick-out clause, 2 with 48 hours and 1 with 24 hour kick-out clause.  The sellers accepted these terms.

Buyers also asked the sellers for a contingency on the sale and close of their current home.  They might or might not already have their current home on the market.  Buyers do not have an accepted contract on their home.  They still need to sell their home.  This week only 1 seller accepted these terms with a 48 hour kick-out clause.

The communities that sellers accepted the most contracts this week were:

Aurora-14

Naperville-11 with 3 of those a short sale

Plainfield-14 with 1 of those a short sale

The other communities that sellers accepted a contract that was a short sale were Montgomery with 1, Oswego with 1 and West Chicago also with 1.

Contact Us

If you are thinking about selling your home this is a great time to be a seller!  Request a home valuation and we will let you know the value of your home in the current market and what you need to do to get your home market ready.

If you are looking to buy a home.  Your first step is to talk to a loan officer to see what you qualify for and if you need to do anything to bring up your credit score to get the best interest rate.  We can give you recommendations of a few loan officers to contact.  They will give you a letter showing what you qualify for.  We need that to start showing you homes and it will go with the contract when you do find the right home and want to submit an offer.

Look for current interest rates, information about loans and the process & down payment resources.  You can start searching for homes anytime 

Call 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 our contact form if you would like us to get back to you.  Let us know when would be the best time.

We make it our business to find the perfect fit for your needs.  Our goal is to negotiate the price and terms that are best.

Market update January 6 2018 Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

630-742-7730

besthomesfv@gmail.com

 

Market Update Fox Valley August 26 2017
Fox Valley Activity New & Closed Homes
Seller Accepted Contracts This Week August 26 2017
Contracts Accepted this Week in these Communities

 

Market Update Fox Valley August 26 2017-New & Closed Homes

Market update Fox Valley August 26 2017.  The market slowed down this week.  256 new homes listed this week compared to 295 last week.  220 homes closed this week compared to 253 last week.  Most area schools have started back up so this might be the reason for the slow down in the market.  Everyone needs to get settled back into a schedule of school and all the activities.  Closings should pick up next week with the end of the month.  Take a look at the communities with the most activity this week:

Aurora-New 35 Closed 36

Batavia-New 12 Closed 12

Bolingbrook-New 18 Closed 16

Geneva-New 13 Closed 11

Montgomery-New 6 Closed 12

Naperville-New 58 Closed 34

Oswego-New 11 Closed 10

Plainfield-New 28 Closed 26

St Charles-New 20 Closed 12

Yorkville-New 3 Closed 11

Market Update Fox Valley August 26 2017-Sellers Accepted Contracts This Week

Sellers accepting contracts was also down this week.  213 this week compared to 254 last week.  Short sales accepted this week were up.  12 short sales this week compared to 3 last week.  These will still need mortgage company approval before they can proceed.  So far this is just seller accepting the contract terms.

Contracts were accepted this week that  the buyer has to close on their current home before purchasing.  These homes are contingent on the close of the buyers home. 5 accepted contracts with a 72 hour kick-out clause, 7 with 48 hour and 3 with 24 hour kick-out. If the buyers home does not close on time it will delay the closing for the seller.  If you accept a contract contingent on a close of a buyers home you need to remain flexible and know that the closing date could change.

Sellers also accepted contracts this week that the buyer has not sold their home.  Either it is not on the market or it is on the market but no contract yet. 5 with a 72 hour kick-out clause and 4 with a 48 hour kick-out.  You will want to know as much as you can on the buyers home under this condition.  It needs to be priced right.

Consult with your real estate Attorney with both of these contingencies before proceeding.  Make sure you understand what might happen so you are well informed.

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

Aurora- 33    4 of them are short sales

Bolingbrook- 15    2 of them are short sales

Montgomery-13

Naperville-24

Plainfield- 19   2 of them are short sales

St Charles- 13    1 of them was a short sale

The other communities that accepted contracts with short sales were

Batavia-1

North Aurora- 1

Plano- 1

Contact us

Contact us if you are thinking about purchasing a home in the near future.  We can talk to you about the process and what you need to do to get ready.  We can recommend loan officers to contact so you can get pre-approved and check on your credit score to see if there is anything you need to do to improve it so you get the best interest rate when you are ready.  You can also take a look at CFPB that shows you the process of getting a loan.  Down Payment Resource is another place to look to see if there is anything to help you.

This is a great time to be a seller!  Inventory remains low and prices are up. Let us do a home valuation for you to show you the value in your home in the current market.  We can tell you what to do to get it market ready so you get the best price for your home.

Search for a home anytime.  You can keep an eye on the market.  We make it our business to find the perfect fit for your needs.  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 use our contact form if you prefer and let us know the best way to contact you.  Best Homes Fox Valley  Market update Fox Valley August 26 2017.