Fox Valley Market Update May 18 2019

Fox Valley Market Update May 18 2019

Fox Valley market update May 18 2019.  New listings of single family homes picked up this week.  438 this week compared to 402 the week before.

2019 New listing  of single family homes in the Fox Valley market by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May so far-1,243

We still have 2 weeks to go in May!  Now is a great time to be out looking at homes with more new listings coming on the market everyday.

Closed listings this week were also up.  246 this week compared to 212 the week before.  These numbers should increase as we head into the end of the month when most Buyers want to close.

2019 Closed listings of single family homes in the Fox Valley by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May so far-759

May will pass up April in both New listing and Closed listings.

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

Aurora-New 49 $99,000-$635,000                                             Closed-40 $119,900-$685,085

Batavia-New 16 $100,000-$750,000                                          Closed-5 $229,900-$620,000

Bolingbrook-New 29 $167,900-$699,900                                  Closed-21 $132,300-$388,500

Geneva-New 19 $227,900-$825,000                                          Closed-7 $190,000-$531,500

Montgomery-New 9 $109,900-$295,000                                    Closed-10 $122,350-$269,900

Naperville-New 113 $209,000-$1,225,000                                Closed-40 $232,166-$1,100,000

Oswego-New 21 $154,900-$964,000                                         Closed-18 $120,000-$380,000

Plainfield-New 44 $189,900-$799,999                                       Closed-29 $140,000-$455,000

Plano-New 12 $160,000-$385,000                                            Closed-5 $50,000-$247,410

St Charles/Campton Hills-New 36 $228,900-$1,375,000           Closed-17 $230,000-$800,000

West Chicago-New 10 $104,900-$600,000                                 Closed-6 $210,000-$450,000

Yorkville-New 18 $172,500-$599,900                                         Closed-9 $212,500-$367,500

Contracts accepted this week

Fox Valley Market Update May 18 2019-Contracts accepted this week

Contracts accepted this week by Sellers of single family homes was slightly up this week.  307 this week compared to 302 the week before.  We love consistency!

2019 look at contracts accepted of single family homes in the Fox Valley by month:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May so far-947

Very exciting time for both Buyer and Seller!  Now the process to get to closing.  Let us help you to get on this list and guide you to closing.  If you are thinking about purchasing you need to get pre-approved with a loan officer.  Thinking about selling?  We can show you what your home is worth in today’s market and show you what the outcome might look like.

Communities this week that Sellers accepted the most contracts:

Aurora-42                           Bolingbrook-30                              Geneva-11

Montgomery-10                  Naperville-59                                  Oswego-20

Plainfield-34                       Plano-10                                         St Charles/Campton Hills-18

Short sales this week accepted by Sellers were half of last week. 2 this week compared to 4 the week before. 1 each in Oswego & West Chicago.

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, 22 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.  4 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.  Let us know what questions you have and how we can help you with your real estate goals.

Resources to check out:

Fox Valley market update May 18 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 like this way of searching for a home. Let us know what you think!

Market Update Fox Valley-April 6 2019

Market Update Fox Valley-April 6 2019

Market update Fox Valley-April 6 2019.  The market continues to improve.  New listing this week were up.  415 new single family homes listed compared to 351 last week.  As you can see, if you are looking for a home above $200,000 you have a better chance of finding something that fits your needs.  If you are below that you have to look a little harder or expand the communities that you are looking in.

So far this year the new listing have continued to increase:

  • January-878
  • February-1,032
  • March-1,731
  • April- so far 415

Closed listings this week were consistent with the week before.  202 this week compared to 200 the week before.  Usually the first week of the month are lower.  Most buyers want to close at the end of the month.

So far this year the closing have also increased:

  • January-407
  • February-465
  • March-915
  • April- so far 200

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

Aurora-New 53 $129,900-$609,900                                     Closed-36 $50,000-$625,000

Batavia-New 11 $249,900-$650,000                                    Closed-7 $245,000-$427,500

Bolingbrook-New 24 $199,500-$539,900                            Closed-16 $165,000-$375,000

Geneva-New 23 $199,900-$1,250,000                                Closed-4 $196,500-$321,000

Montgomery-New 11 $173,000-$299,000                           Closed-10 $164,000-$279,500

Naperville-New 87 $255,000-$1,850,000                            Closed-31 $260,000-$781,000

North Aurora-New 10 $239,000-$350,000                         Closed-3 $270,000-$415,000

Oswego-New 27 $220,000-$540,000                                  Closed-11 $187,000-$375,000

Plainfield-New 48 $148,000-$730,000                                Closed-23 $149,000-$495,000

St Charles/Campton HIlls-New 30 $174,900-$1,075,000    Closed-16 $67,500-$614,900

West Chicago-New 11 $99,900-$665,000                            Closed-6 $220,000-$442,000

Winfield-New 13 $264,900-$855,000                                  Closed-2 $254,000-$520,000

Yorkville-New 14 $189,900-$660,000                                  Closed-6 $212,000-$352,500

Contracts Accepted this Week

Market Update Fox Valley-April 6 2019-Contracts Accepted this week

Contracts accepted this week were slightly higher this week.  309 this week compared to 297 the week before.  With more homes coming on the market these numbers should steadily increase as the month continues.

Accepted contracts so far this year:

  • January-608
  • February-832
  • March-1,375
  • April so far 309

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

Aurora-48                          Bolingbrook-18                               Geneva-12                               Montgomery-18

Naperville-54                     Oswego-21                                      Plainfield-35                            St Charles/Campton Hills-30

Short sales accepted this week by Sellers was slightly up this week.  5 this week compared to 3 the week before.  These numbers are still very low.  That is a good thing.  There was 1 each in Montgomery, Naperville, Oswego, Plano & St Charles/Campton Hills.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing.  9 with a kick-out clause of 72 hours and 11 with 48 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell their current home and close before purchasing.  3 with a kick-out clause of 72 hours and 4 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 you are selling or buying a home.  We will explain the process so you know what to expect. Give recommendations of loan officers, real estate attorneys, home inspectors to contact that we have successfully worked with.

Resources to check out:

Market update Fox Valley-April 6 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

Another way to search for homes.

 

Market Update Fox Valley-March 9 2019

Market Update Fox Valley-March 9 2019

Market update Fox Valley-March 9 2019.  Spring market is here and pretty consistent so far. 327 new listings of homes this week compared to 344 last week.

  • January total new listings of homes-878
  • February-1,032
  • March so far 671

We are only 9 days into March and look at it compared to January.  We are on our way at passing up the totals for February as well.

Closed homes this week were down but that is to be expected with the beginning of the month. 131 this week compared to 243 last week.

  • January closed homes-407
  • February-465
  • March so far 374

The numbers should increase as the month continues. You do not want to miss this market if you are wanting to sell this year.  It is time to get your home on the market.

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

Aurora-New 32 $132,000-$585,000                                       Closed-25 $80,000-$385,000

Batavia-New 13 $210,000-$875,000                                      Closed-4 $219,000-$475,000

Bolingbrook-New 22 $134,900-$539,000                              Closed-9 $155,000-$325,000

Geneva-New 13 $239,000-$819,900                                      Closed-7 $255,000-$363,500

Naperville-New $84 $289,900-$1,569,000                            Closed-21 $295,500-$955,000

Oswego-New 22 $172,500-$1,000,000                                  Closed-6 $212,000-$725,000

Plainfield-New 36 $159,900-$695,000                                   Closed-13 $154,100-$540,000

St Charles/Campton Hills-New 28 $100,000-$3,895,000       Closed-7 $275,000-$1,000,000

Contracts Accepted this Week

Market Update Fox Valley-March 9 2019-Contracts Accepted this Week

Contracts accepted this week were higher than last week.  267 this week compared to 224 last week.  Increased inventory really helped with these numbers this week.

  • January contracts accepted 608
  • February 832
  • March so far 491

We are definitely passing up January numbers and are already passed the halfway mark with February numbers.  March should be a fantastic month if new homes continue to come on the market.  Inventory of homes to show buyers has been an issue for the last couple of years.

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

Aurora-44                           Bolingbrook-24                           Montgomery-13                                 Naperville-54

Oswego-13                          Plainfield-25                                St Charles/Campton Hills-18

Short sale contracts accepted this week by Sellers increased this week. 8 this week compared to 2 last week.  1 each in Aurora, Bolingbrook, North Aurora, Plano, St Charles/Campton Hills and Sugar Grove.  2 in Montgomery.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  5 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  2 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 with all of your real estate questions.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101

Are you thinking about selling? We will update the value of your home for today’s market.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  Your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best.  They will provide you with a letter showing what you are pre-qualified for and that will go with an offer when you find the right home.

Resources to check out:

Market update Fox Valley-March 9 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

New tool to search you can see a birds eye view of the home and neighborhood so you can see where it is within the block.

Market Update Fox Valley-February 23 2019

Market Update Fox Valley-February 23 2019

Market update Fox Valley-February 23 2019. Consistent describes the market this last week.  261 new listings this last week and 265 the week before.  The market is increasing as we head into Spring market though.  So far January had 878 New listing and February 1,032 and we still have 5 more days to go.

Closed listings this last week were also consistent.  120 this week compared to 118 the week before.  January there were 407 closed listings of homes and so far this month there have been 465.

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

Aurora-New 28 $125,500-$515,000                                           Closed-24 $72,000-$336,250

Batavia-New 11 $200,000-$525,000                                          Closed-1 $343,000

Bolingbrook-New 14 $177,900-$415,000                                  Closed-11 $136,500-$390,000

Geneva-New 18 $189,999-$750,000                                         Closed-4 $200,000-$658,500

Naperville-New 54 $275,000-$2,350,000                                  Closed-17 $299,423-$1,200,000

Oswego-New 18 $199,900-$1,200,000                                     Closed-7 $210,000-$469,028

Plainfield-New 31 $185,000-$799,900                                      Closed-11 $165,000-$465,000

St Charles/Campton Hills-New 25 $269,900-$1,295,000          Closed-11 $215,000-$460,000

Contracts Accepted this Week

Market Update Fox Valley-February 23 2019-Contracts Accepted this Week

Contracts accepted this week were also consistent.  218 this week compared to 224 the week before.  January there were 608 contracts accepted and so far February has had 832.  It gives you idea of the closings to come.

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

Aurora-29                         Batavia-13                     Bolingbrook-11                          Montgomery-11

Naperville-41                    Plainfield-29                  St Charles/Campton Hills-22

Short sale contracts accepted this week are still low.  3 this week compared to 6 the week before.  1 each in Bolingbrook, Minooka and Plainfield.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contracts were also accepted by Sellers that are contingent the Buyer still needs to sell and close on their current home before purchasing.  3 with a kick-out clause of 48 hours and 1 with 24 hours.

This is an update of Single-Family homes.  If you would like information on attached housing or Multi-units just let us know.  We would be happy to give you that information.  You can also go to a new prospecting tool that you can access information anytime you like.

Resources

Whether you are thinking of selling or buying a home our goal is to negotiate price and terms that are best. 

We can update the value on your home and provide you with a net proceeds so you can see the expenses to sell.

IF you are thinking of buying you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for your situation.

Resources to check out:

Market update Fox Valley-February 23 2019.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-February 16, 2019

Market Update Fox Valley-February 16 2019Market update Fox Valley-February 16 2019.  New listings were down this week.  265 this week compared to 325 last week.  That puts at 771 for the month so far.  January New listings were 878 total so we are only halfway through the month and we have almost met last months total.  They will keep picking up as we head into Spring market.

Closed listings were up this week.  118 this week compared to 84 last week.  That puts us at 343 for the month so far. January Closed listings were 407 total.  We have almost met that total as well.  Closed listings should increase as we head into the end of the month when most Buyers like to close.

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

Aurora-New 32 $118,000-$640,000                                        Closed-21 $90,000-$440,000

Bolingbrook-New 18 $149,000-$425,000                                Closed-12 $138,500-$346,000

Geneva-New 14 $249,900-$779,900                                       Closed-4 $268,000-$387,000

Montgomery-New 10 $167,000-$309,000                               Closed-4 $105,000-$242,500

Naperville-New 68 $225,000-1,050,000                                  Closed-17 $192,500-$550,000

Oswego-New 11 $230,000-$435,900                                      Closed-1 $160,000

Plainfield-New 22 $239,900-$625,000                                   Closed-14 $210,000-$385,000

St Charles/Campton Hills-New 24 $129,500-$1,400,000       Closed-9 $163,000-$760,000

West Chicago-New 11 $159,700-$645,000                            Closed-5 $115,000-$320,000

Contracts Accepted this Week

Market Update Fox Valley-February 16 2019-Contracts Accepted this WeekContracts accepted by Sellers this week were slightly up this week.   224 this week compared to 209 last week.  That makes 614 accepted contracts so far this month.  There were 608 contacts accepted by Sellers in the month of January.  We have already past those totals.  This gives you an idea of the closings that will be coming up if they make it through the process of inspections, attorney review and loans getting approved.

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

Aurora-40                            Bolingbrook-20                                Geneva-11                                      Montgomery-14

Naperville-32                       Plainfield-26                                     St Charles/Campton Hills-19          Yorkville-11

Short Sales accepted by Sellers this week were 6.  Last week there was only 1.  2 were in Bolingbrook & Naperville this week and only 1 each in Montgomery & Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the closing of the Buyers current home.  4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contingent contracts were also accepted by Sellers that the Buyers still need to sell and close on their current home.  4 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 you are buying or selling a home.  We make it our business to find the perfect fit for your needs.

Now is the time to get your home on the market so you don’t miss out on the best time of the year to sell.  Spring market is when it is the busiest of the year.

If you are thinking about buying a home you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for you.

Things to check out:

Market update Fox Valley-February 16 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

New tool to search for homes

Market Update Fox Valley-February 2 2019

Market Update Fox Valley-February 2 2019

Market update Fox Valley-February 2 2019. New listings were lower this week  181 new listings this week compared to 209 last week.  Not too bad with the sub zero temperatures we had for 3 days this week.

Closed listing almost doubled.  141 closing this week compared to 82 last week.  Unbelievable that some of these closings still happened with the sub zero temperatures we had for the last 3 days of the month.  These people will definitely remember their closing and moving day!

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

Aurora-New 20 $112,000-$440,000                                           Closed-25 $134,900-$365,000

Bolingbrook-New 11 $162,500-$625,000                                   Closed-13 $110,000-$405,000

Naperville-New 38 $210,000-$2,850,000                                   Closed-14 $219,000-$912,356

North Aurora-New 11 $239,000-$449,900                                  Closed-3 $224,900-$305,000

Oswego-New 10 $218,000-$374,900                                         Closed-8 $149,000-$680,000

Plainfield-New 16 $219,900-$558,900                                        Closed-22 $206,000-$652,500

St Charles/Campton Hills-New 17 $140,000-$1,189,000           Closed-8 $116,000-$1,175,000

Yorkville-NEw 10 $215,000-$399,900                                         Closed-6 $250,000-$446,294

Contracts Accepted this Week

Market Update Fox Valley-February 2 2019-Contracts Accepted this Week

Contracts accepted this week were slightly higher this week.  181 contracts accepted this week compared to 172 last week.  Sub zero temperatures did not keep people from making decisions on buying or selling.  Applications like Docusign have really helped with getting signatures when it is not possible to get them in person. Some of these might have been postponed because of the weather.

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

Aurora-30                              Bolingbrook-16                            Naperville-31

Oswego-14                            Plainfield-21                                St Charles/Campton Hills-11

Short sales were down this week.  1 this week compared to 3 last week.  The 1 was in Aurora. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

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

The market is still moving along.  Spring market is just around the corner.  Now might be the best time to sell with less competition.

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.

We can update the value of your home in the current market and provide you with a net proceeds that shows the expenses to sell.  This will be updated when an offer comes in and we know all the terms.  Let you know what you need to do to get your home market ready.

If you are thinking about buying a home you need to talk to a loan officer to get pre-qualified.  They will tell you the best type of loan and the price range you should be looking in.  The type of loan will determine what condition of the homes you should be looking at.

Things you should check out:

Market Update Fox Valley-February 2 2019.  Have a great week!

Kristine Heiman-Manging Broker

Best Homes Fox Valley-Search for a home today!

New tool!!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley

Market Update Fox Valley-January 12 2019

Market Update Fox Valley-January 12 2019. New listings are really starting to pick up.  279 new listings this week compared to 166 last week.  Buyers you now have more choices to choose from.  If you need to update your preapproval letter now is the time to do that.  It should be no older than 30 days.

Closing this week were pretty close to last week.  101 closings this week compared to 109 last week.  Last week some of them were ones that didn’t close by the end of December and had to carry over into the new month. The beginning of the month is usually slower with closings.  They should pick up as we get closer to the end of the month.  That is when most buyers want to close so they can bring less money to closing.

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

Aurora-New 38 $132,500-$499,000                                           Closed-12 $50,500-$359,900

Bolingbrook-New 13 $159,900-$395,000                                   Closed-10 $145,000-$402,000

Geneva-New 10 $195,000-$929,900                                         Closed-5 $205,000-$522,153

Naperville-New 65 $249,000-$1,225,000                                   Closed-17 $150,000-$1,260,000

Plainfield-New 42 $174,000-$725,000                                       Closed-10 $167,000-$475,000

St Charles/Campton Hills-New 27 $225,000-$1,200,000          Closed-8 $244,000-$625,000

Yorkville-New 16 $199,900-$499,900                                        Closed-2 $207,500-$365,000

Contracts Accepted this Week

Market Update Fox Valley-January 12 2019-Contracts Accepted this Week

Contracts accepted this week were slightly up.  129 contracts accepted by Sellers this week compared to 114 last week.  Things are starting to pick back up after the holidays.  More inventory might get even more people out this week.  If you are thinking about selling now is a good time to beat the Spring rush where you will have more competition to sell.

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

Aurora-21                          Bolingbrook-15                       Naperville-20

Plainfield-18                      St Charles/Campton Hills-13

Accepted contracts for short sales doubled this week.  8 this week compared to 4 last week.  Now they will be submitted to the lender to see if they will also accept as written.  These numbers are still very low and we hope they stay that way.  2 of those were properties in Aurora and 1 each in Batavia, Bolingbrook, Montgomery, North Aurora, St Charles/Campton Hills & West Chicago.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing.  3 with a kick-out clause of 72 hours, 2 with 48 hours and 1 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 also 1 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 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether you are buying or selling a home.  We make it our business to find you the perfect fit for your needs.

Do you need to find a loan officer?  We can make some recommendations of ones we have successfully worked with so you can get preapproved.  The letter they provide you with will need to go with an offer when we find a home that you like.

Thinking about selling this year?  Contact us to update the value on your home in the current market and let you know what you need to do to get your home market ready.  We will provide you with a net proceeds that is an estimate of expenses to sell.  This will be updated when an offer comes in and we know all of the terms so you can make an informed decision.

Things you might want to check out:

This market update is for Single Family homes only.  If you would like information on other types of properties let us know.  We would be happy to provide it to you.

Market update Fox Valley-January 12 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

Market Update Fox Valley

Market Update Fox Valley-December 29 2018

Market Update Fox Valley-December 29 2018.  This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday.  New listings were way down.  81 new listings this week compared to 134 last week.  The last new listings for 2018.  2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out.  Fresh paint in neutral colors makes the home feel clean and fresh.  Let us tell you what needs to be done to get it market ready.

Closed listings were also way down with only 3 business days to close.  99 this week compared to 167 last week.  The end of the closings for 2018. Now to loo kforward to 2019.  Holidays will be over and the market will get back to normal.  Spring market is just around the corner.

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

Aurora-New 8 $119,000-$384,500                                             Closed-17 $90,100-$371,000

Bolingbrook-New 7 $189,900-$385,000                                    Closed-15 $155,000-$374,000

Naperville-New 12 $299,900-$1,199,000                                  Closed-7 $327,500-$490,000

Contracts Accepted this Week

Market Update Fox Valley-December 29 2018-Contracts Accepted this Week

Contracts accepted this week were also down. 89 this week compared to 121 last week.  Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday.  The 2nd week of January we should get back to normal.

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

Aurora-14                           Naperville-16                        Plainfield-13

There were no short sales accepted this week by Sellers. Last week there were 4.

Sellers accepted contracts this week that are contingent on the Buyers current home closing before purchasing. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing.  5 with a kick-out clause of 72 hours, 1 each with 48 hours 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.

Thinking of selling?  Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing you need to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best.

Things to check out:

Market Update Fox Valley-December 29 2018.  Have a happy and safe New Year! 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 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