11 16 19 Market Update Fox Valley

Posted on November 16, 2019 by Kristine Heiman-Managing Broker

11 16 19 Market Update Fox Valley

11 16 19 Market update Fox Valley. New listings of single family homes were slightly down this week. 193 this week compared to 220 the week before. Any amount of new listings down has an impact for buyers. That means there are less homes available to them to see. If you are looking for a home over $200,000 you have more to choose from then buyers looking under that amount. We are still very short in inventory for buyers looking under $200,000 price range. If you have a home in that price range to sell this would be a great time to get it on the market.

Closed single family homes were very consistent this week. 173 closed this week compared to 176 the week before. Consistent is a good thing!

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

Aurora -New 21 $85,000-$420,000

Closed-20 $150,000-$564,000

Bolingbrook-New 16 $68,000-$649,900

Closed-11 $129,000-$350,000

Naperville-New 35 $325,000-$1,400,000

Closed-24 $305,000-$1,325,000

Plainfield-New 20 $223,000-$549,000

Closed-20 $145,000-$511,829

St Charles/Campton Hills-

New-11 $249,900-$1,000,000

Closed-15 $195,000-$525,000

These 5 communities are consistently more active than other communities. Is it the schools, shopping, parks or work? There is so many reasons why you choose a community. It might just be the type of housing and price range. Living close to family and friends. Where are you looking and why?

Contracts accepted this week

Contracts accepted this week on single family homes was up this week. 178 this week compared to 168 the week before. It is a good time right now to get into a home before the end of the year. With 2 holidays between now and the end of the year, when businesses are closed, soon we will have to go into the new year. You could start the New Year out right with a new home and have time to get it the way you want it before Spring comes when you will want to be outside getting the yard the way you want it.

Look at the communities that sellers accepted the most contracts:

Aurora-31 Geneva-14

Naperville-33 Oswego-12

Plainfield-22 St Charles/Campton Hills-18

1 short sale was accepted in Naperville this week. Now it will go to the lender to see if they will also accept it as written.

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, 5 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 413 349 346

Total 14,726 9,724 11,480

Contact us

Call us at 630-503-6555 Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goals whether buying/selling a home.

If you are thinking about selling let us update the value of your home in today’s market. We will 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 so you can make a good decision.

Looking to buy a home? The first step is to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you. We can make some recommendations of loan officers to contact that we have successfully worked with.

Great resources to check out:

Buying a home in a good school district is important even though you do not have kids in school. You always want to be thinking about resale value.

11 16 19 market update Fox Valley. 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

Sign up for free with another way to search for a home. I think you will really like all the information you get with this way to search. If you need help in how to navigate it I would be happy to do a video conference call and share my screen with you to show you how. This also has a chat feature.

11 9 2019 Market Update Fox Valley

Posted on November 9, 2019 by Kristine Heiman-Managing Broker

11 9 2019 Market Update Fox Valley

11 9 2019 market update Fox Valley. New listings of single family homes stayed consistent this week. 220 this week compared to 218 the week before. We love a consistent market! Maybe you will see something that fits your criteria for a home.

Closed listings of single family homes was down this week. 176 this week compared to 219 the week before. That is the difference between the beginning of the month and 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 34 $90,000-$500,000

Closed-29 $100,001-$597,500

Bolingbrook-New 12 $174,900-$439,000

Closed-15 $135,000-$376,000

Geneva-New 12 $265,000-$744,900

Closed-9 $162,500-$679,000

Naperville-New 31 $269,750-$1,025,000

Closed-24 $273,000-$1,040,000

Oswego-New 13 $198,000-$430,000

Closed-11 $186,000-$925,000

Plainfield-New 30 $164,900-$590,000

Closed-22 $145,000-$480,000

St Charles/Campton Hills-

New-11 $325,000-$769,900

Closed-12 $255,000-$585,000

Yorkville-New 11 $234,900-$479,900

Closed-3 $212,000-$240,000

Contracts accepted this week

Contracts accepted this week by sellers was down this week. 168 this week compared to 183 the week before. Now is the time to make sure you price your home right from the beginning.

Look at the communities that sellers accepted the most contracts:

Aurora-26 Bolingbrook-11 Naperville-33

Oswego-10 Plainfield-20

5 short sales were accepted this week on single family homes. 2 in Yorkville and 1 each in Aurora, Plainfield and St Charles/Campton Hills. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers on single family homes that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 2 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. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

2019 by the month for new listings, closed and contracts accepted

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 220 176 168

Total 14,533 9,551 11,302

Some of these new listings of single family homes are listed as new then after a couple months are canceled and relisted as new again so tht figure might not be correct as far as how many homes were listed as new. They might of been counted twice or more. Not all contracts accepted end up closing. Buyer might have trouble getting financing or during the attorney review and inspection period issues sometimes can come up that do not get resolved. It is very important to have a good REALTOR® and real estate attorney to help resolve any issues that come up. Most can be resolved if handled correctly. Others will take too much time to resolve so everyone moves on.

Contact us

Call us at 630-503-6555 Kristine Heiman, Managing Broker ext 101 or Bobby Burson, Broker ext 105. Your goal is our goal. We will do everything we can to help you reach your goal. whether buying or selling a home.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that will give you an estimate of expenses to sell your home. This will be updated again when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified. They will tell you what type of loan and what price range will work out best for you. Do you need recommendations? We will be happy to give you a few loan officers to contact so you can decide who you want to work with.

Check out some great resources:

Let us know what other information you are looking for. We would be happy to point you in the right direction so all your questions will be answered.

11 9 2019 market update Fox Valley. 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

Sign up for another way to search for a home. You can change it to satellite view and it also has a chat feature that you can connect with me.

11 2 2019-Market Update Fox Valley

Posted on November 2, 2019 by Kristine Heiman-Managing Broker

11 2 2019-Market Update Fox Valley

11 2 2019-Market update Fox Valley. New listings of single family homes were very consistent this week. 218 this week compared to 216 the week before. How about that for consistency! things are still happening so don’t be afraid to put your home on the market.

Closed listings of single family homes were way up. 219 this week compared to 171 the week before. End of the month is always a busy time for closings. That is when most buyers want to close.

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

Aurora-New 28 $75,000-$479,900

Closed-30 $102,000-$383,500

Bolingbrook-New 14 $130,000-$400,000

Closed-26 $96,500-$382,000

Geneva-New 10 $324,900-$749,900

Closed-3 $348,000-$465,000

Montgomery-New 8 $176,900-$319,660

Closed-13 $135,000-$320,500

Naperville-New 30 $314,900-$1,299,000

Closed-30 $278,000-$1,750,000

Oswego-New 18 $200,000-$549,500

Closed-9 $215,000-$510,000

Plainfield-New 34 $233,000-$700,000

Closed-22 $142,144-$445,000

St Charles/Campton Hills-

New-21 $189,800-$983,000

Closed-10 $110,500-$835,000

West Chicago-New 2 $224,900-$359,108

Closed-10 $100,000-$430,000

Yorkville-New 11 $149,900-$374,900

Closed-11 $165,000-$385,000

Contracts accepted this week

Contracts accepted this week were down slightly. 183 this week compared to 196 the week before. We did get some early winter weather this week and Thursday was Halloween.

Here are the communities that sellers accepted the most contracts this week:

Aurora-35 Bolingbrook-15 Naperville-20

Plainfield-21 St Charles/Campton Hills-14

Yorkville-11

3 Shorts sales were accepted this week by sellers. 1 each in Aurora, Bolingbrook and West Chicago. 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. 7 with a kick-out clause of 72 hours and 10 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 4 with 48 hours.

Keeping tract of contracts accepted is important to keep a eye on how many buyers are still out there willing to write an offer and to also decide if you need to adjust pricing.

2019 look at activity by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

Total 14,313 9,375 11,134

Not all contracts accepted end up closing. Some of those have gone back on the market and then another contract was accepted. This is the critical time that it is very important to have a good REALTOR® and real estate attorney that will guide the buyer through expectations of a home inspection and negotiate repairs and attorney review.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goals.

Let us update the current value of your home in today’s market. We will provide you with a net proceeds showing an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are looking to buy a home you will need to talk to a loan officer first and get pre-qualified to make sure what type of loan and what price range works out best for you.

Take a look at some great resources:

11 2 2019-Market update Fox Valley. 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

Sign up free for another way to search for a home. You can change to satellite view and it also has a chat feature to interact with me without leaving the app.

10 26 2019-Market Update Fox Valley

Posted on October 26, 2019 by Kristine Heiman-Managing Broker

10 26 2019 Market Update Fox Valley

10 26 2019 market update Fox Valley. New listings of single family homes were significantly down this week. 216 this week compared to 259 the week before. Not helpful for buyers that are still out looking. It is still worth taking a look to see if one of them are the kind of home you have been waiting for.

Closed single family homes were slightly up this week. 171 this week compared to 167 the week before. They should be up next week for the end of the month.

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

Aurora-New 29 $114,900-$379,900

Closed-22 $103,500-$635,000

Bolingbrook-New 12 $174,500-$429,900

Closed-12 $148,000-$370,000

Montgomery-New 12 $174,900-$299,000

Closed-9 $130,000-$300,000

Naperville-New 41 $219,900-$1,542,000

Closed-26 $260,000-$1,812,500

Oswego-New 6 $199,900-$475,000

Closed-15 $140,000-$375,000

Plainfield-New 33 $179,000-$729,900

Closed-26 $154,900-$560,000

St Charles/Campton Hills-

New-12 $364,900-$600,000

Closed-13 $192,000-$525,000

Yorkville-New 10 $139,900-$479,900

Closed-9 $160,000-$410,000

Contracts accepted this week

Contracts accepted this week on single family homes were very consistent this week. 196 this week compared to 193 the week before. Even though the new listings of single family homes slowed down this week, the buyers out there ready to buy stayed consistent. They did not slow down this week.

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

Aurora-37 Bolingbrook-13

Naperville-36 Oswego-10

Plainfield-25 St Charles/Campton Hills-15

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 13 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. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update Fox Valley by the month for 2019

Month New Closed Contract accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,041 738 776

Total 14,095 9,156 10,951

Not all homes that are listed sell. They might need too much work and are not priced right. Also, not all contracts that the seller accepts close. Some of them do not get passed home inspection and attorney review period. You need a good REALTOR® and real estate attorney that explains the process of the home inspection and expectations and can negotiate issues that come up.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. We will do everything we can to meet your goals.

We can update your homes value in today’s market and provide you with a net proceeds. This shows you an estimate of the expenses to sell so you have an idea of where you are at. This will be updated when an offer comes in and we know all the terms so you can makea decision.

If you are thinking about purchasing a home you need to talk to a loan officer to get pre-qualified to see what type of loan and the price range that works out best for you. When you are finished we can start setting up homes to go and see.

Resources to check out:

We are here to guide you through the process of buying/selling a home. Let us know what questions you have. We want to help you meet your goals.

10 26 2019 market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Connect with us on facebook

10 19 2019-Market Update Fox Valley

Posted on October 19, 2019 by Kristine Heiman-Managing Broker

10 19 2019 Market Update Fox Valley

10 19 2019 Market update Fox Valley. We are having gorgeous weather right now here in Illinois. Fox Valley market is still moving along. New listings of single family homes this week were down slightly. 259 this week compared to 275 the week before.

Closed listings of single family homes were consistent this week. 167 this week compared to 165 the week before. Numbers should go up as we get closer to the end of the month.

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

Aurora-New 29 $69,000-$649,000

Closed-23 $97,500-$420,000

Batavia-New 14 $228,500-899,900

Closed-9 $135,200-$533,801

Bolingbrook-New 18 $139,900-$399,900

Closed-12 $140,000-$375,000

Geneva-New 16 $275,000-$848,900

Closed-6 $212,000-$514,900

Montgomery-New 10 $155,000-$299,900

Closed-5 $165,000-$248,000

Naperville-New 33 $264,900-$2,250,000

Closed-23 $211,000-$1,265,000

Oswego-New 16 $122,000-$675,000

Closed-7 $189,000-$468,000

Plainfield-New 35 $167,000-$925,000

Closed-30 $170,000-$530,834

St Charles/Campton Hills-

New-18 $214,900-$650,000

Closed-10 $140,000-$425,000

Yorkville-New 12 $219,900-$495,000

Closed-6 $160,000-$339,000

You should be able to click on the picture above to make it bigger so you can see how the other communities did and the price ranges. Some communities are on this list every week. They are more active. This makes a difference when you are looking for a home. You always have to think about resale.

Contracts accepted this week

Contracts accepted this week were very consistent. 193 this week compared to 192 the week before. Buyers are still out there looking. If you price your home according to location and condition it should sell. If not you will need to lower price or start fixing it up. Not everyone looking wants to take on projects.

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

Aurora-24 Bolingbrook-13

Naperville-37 Plainfield-28

St Charles/Campton Hills-15

Short sales accepted by sellers this week were still low. 5 this week. 1 each in Batavia, Bristol, Naperville, St Charles/Campton Hills and Sugar Grove. 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 buyer closing on their current home. 6 with a kick-out clause of 72 hours and 12 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 48 hours.

2019 by the month

I think it is interesting to see the totals by the month for New listings of single family homes, closed and contracts accepted so you can see how they change.

2019 by the month:

New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 825 567 580

Totals 13,879 8,985 10,755

Not all homes that come on the market sell. Some of them cancel the listing or they either need to adjust price or make some updates. Paint does wonders!

Contracts accepted does not mean they will close. The majority of them do but some of them might run into issues with the home inspection that they can not come to an agreement. Sometimes when they do a more in-depth credit check things show up that can’t be resolved in time.

Having an experienced REALTOR® and good real estate attorney makes all the difference in getting through issues that come up.

Contact us

Call us at 630-503-6555 with all your real estate questions. Our goal is your goal. We will do everything we can to help you reach your goal whether buying or selling a home.

Check our some resources:

Also check with your loan officer to see if they offer any help. Sometimes they can combine help or offer better help with closing costs.

10 19 2019 market update Fox Valley. 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

Another way to search for a home. You can sign up for free and it also has a chat feature. Let us know what you think.

10 12 19-Market Update Fox Valley

Posted on October 12, 2019 by Kristine Heiman-Managing Broker

10 12 19-Market Update Fox Valley

10 12 19-market update Fox Valley. New listings of single family homes was down this week. 275 this week compared to 291 the week before. Season is changing and so is the market. Things are still happening but at a little slower pace. This might work out well for buyers that had a hard time competing with other buyers for a home. Sellers need to make sure you are pricing your home right from the beginning.

Closed single family homes were also down this week. 165 this week compared to 235 the week before. It is the beginning of the month and most buyers want to close at the end of the month.

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

Aurora-New 43 $125,000-$375,000

Closed 21 $123,000-$549,000

Bolingbrook-New 16 $135,000-$334,900

Closed 14 $155,000-$470,000

Montgomery-New 10 $189,900-$399,500

Closed 9 $169,900-$307,999

Naperville-New 45 $269,750-$1,250,000

Closed 26 $260,000-$800,000

Oswego-New 14 $239,900-$650,000

Closed 7 $149,000-$500,000

Plainfield-New 36 $169,900-$525,000

Closed 18 $220,000-$393,060

St Charles/Campton Hills-

New 26 $85,000-$1,700,000

Closed 10 $189,000-$525,000

Sugar Grove-New 11 $225,000-$339,900

Closed 3 $210,000-$335,000

Yorkville-New 13 $220,000-$565,000

Closed 4 $165,000-$325,000

Contracts accepted this week

Contracts accepted this week on single family homes was pretty consistent. 192 this week compared to 195 the week before. Buyers are still out there looking and ready to go.

Look at the communities sellers accepted the most contracts this week:

Aurora-31 Bolingbrook-19

Naperville-26 Oswego-10

Plainfield-27 St Charles/Campton Hills-19

4 short sales were accepted by sellers this week. 1 each in Aurora, Naperville, Plainfield and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 9 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. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Market update Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 407 608

February-1,032 465 832

March-1,731 915 1,375

April-1,594 790 1,307

May-2,004 1,391 1,665

June-1,643 1,253 1,218

July-1,423 1,029 1,090

August-1,585 1,403 1,211

September-1,164 765 869

October-566 400 387

Contact us

Call us at 630-503-6555. Our goal is your goal. Let us know what your goal is and we will do everything we can to meet your goal. If we think is not attainable we will let you know why and if it is possible with some changes.

We are here to explain the process of buying or selling a home and guide you through the process.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that is an estimate of expenses to sell.

Wanting to buy a home? Your first step is to talk to a loan officer to see what type of loan and what price range will work out for you. Then we can get started looking. Let us know your time frame.

Check out some resources:

Also talk to your loan officer to see if they offer lender credits.

10 12 19-market update Fox Valley. Have a great week! Let us know how we can help you.

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

Also another way to search for a home. I would be happy to help you with this one. I can share my page with you and show you how this one works. It also has a chat feature.

10 05 2019-Market Update

Posted on October 5, 2019 by Kristine Heiman-Managing Broker

10 05 2019-Market Update

10 05 2019-Market update. New listings of single family homes here in the Fox Valley went up this week. 291 this week compared to 259 the week before. Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week. 235 this week compared to 204 the week before. Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week. Not too bad. Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19 Bolingbrook-21 Geneva-11

Naperville-30 Plainfield-10 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours and also 6 with 48 hours.

Market activity so far for 2019 in the Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 January-407 January-608

February-1,032 February-465 February-832

March-1,731 March-915 March-1,375

April-1,594 April-790 April-1,307

May-2,004 May-1,391 May-1,665

June-1,643 June-1,253 June-1,218

July-1,423 July-1.029 July-1,090

August-1.585 August-1,403 August-1,211

September-1,164 September-765 September-869

October so far-291 October so far-235 October so far-195

Total-13,345 8,653 10,370

I changed it up this week so you could see the difference side-by-side. Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes. There are many reasons why they do not close. There could be an issue with the buyer that does not get approved for the loan for some reason. Home inspection or attorney review had issues that they could not agree on resolving. Buyer or seller change their mind about going through with the deal. All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings. Everything still revolves around the school year. There is still activity though.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. We will do everything we can to meet your goal. If it is not reasonable we will let you know.

Let us update the value of your home in today’s market. We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update. 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

630-503-6555

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Fox Valley Market Update September 28 2019

Posted on September 28, 2019 by Kristine Heiman-Managing Broker

Fox Valley Market Update September 28 2019

Fox Valley market update September 28 2019. New listings of single family homes were down this week. 259 this week compared to 282 the week before. The market is still good for buyers looking $200,000 and above. Under that amount it is hard to find and you need to jump on them right away. If your home is in that price range and you are thinking about selling now is the time.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2.004
June-1,643
July-1,423
August-1,585
September-1,164

Total 13,054

Closed listings of single family homes were slightly up this week. 204 compared to 193 the week before. Not the numbers we were seeing from May – August but still not bad.

Look at the closings of single family home by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-765

Total-8,418

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

Aurora-New 34 $124,900-$430,000

Closed-$89,917-$459,900

Batavia-New 10 $209,900-$599,995

Closed-4 $211,450-$415,000

Bolingbrook-New 19 $147,900-$374,900

Closed-12 $189,000-$372,500

Geneva-New 17 $235,000-$625,000

Closed-6 $324,900-$420,000

Naperville-New 49 $294,999-$1,750,000

Closed-35 $200,000-$1,130,000

Oswego-New 8 $189,900-$330,000

Closed-16 $170,000-$575,000

Plainfield-New 37 $139,888-$1,175,000

Closed-27 $145,000-$1,772,000

St Charles/Campton Hills-New 20 $214,900-$1,500,000

Closed-16 $141,850-$620,000

Yorkville-New 11 $239,000-$420,000

Closed-8 $150,089-$540,000

These communities continue to be on the list for new listings and closed listings of single family homes Is it the schools, location or what the community offers? It might be a combination of all three.

Contracts accepted this week

Contracts accepted this week were slightly down this week on single family homes. 204 this week compared to 229 the week before. That is not too bad. I would say that is pretty consistent.

Communities this week with the most activity:

Aurora-35 Bolingbrook-27 Naperville-23

Oswego-12 Plainfield-27 St Charles/Campton Hills-11

Look at the contracts accepted for 2019 by the months:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-869

Total-10,175

There is a difference on contracts accepted and closed listings. Not all contracts that get accepted close. I thought you would be interested to see those numbers. Is it the loan officers not pre-qualifying the buyers well enough? Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it. Some things can be resolved and others take more time. Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on. There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller. Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. Once you let us know what you goal is we will do everything we can to help you reach it whether buying or selling a home.

Let us update the value on your home in today’s market. We will provide you with a net proceeds so you can see an estimate of expenses to sell your home so you will know about where you are at.

If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified. They will let you know what type of loan and the price range that will out best for you.

Check out some resources:

We are here to guide you through the process. We will keep in contact the way you want to connect.

Fox Valley market update September 28 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 a home that you can sign up for free! Click on the satellite view. It also has a chat feature that you can connect with me to ask questions. Let us know what you think!

Fox Valley Market Update September 21 2019

Posted on September 21, 2019 by Kristine Heiman-Managing Broker

Fox Valley Market Update September 21 2019

Fox Valley market update September 21 2019. New listings of single family homes were just under 10% down this week. 282 new listings this week compared to 310 the week before.

2019 New listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-905

Total-12,795

Closed listings this week were slightly up. 193 this week compared to 188 the week before. It should increase more as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-561

Total-8,214

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

Aurora-New 38 $70,000-$699,000

Closed-33 $87,000-$550,000

Batavia-New 10 $263,900-$998,500

Closed-3 $352,000-$381,000

Bolingbrook-New 34 $159,900-$451,500

Closed-22 $155,000-$380,000

Geneva-New 10 $275,000-$819,000

Closed-5 $265,000-$354,000

Naperville-New 54 $255,000-$1,450,000

Closed-34 $310,000-$850,000

Oswego-New 10 $214,900-$560,000

Closed-16 $165,000-$575,000

Plainfield-New 32 $136,900-$750,000

Closed-24 $150,000-$417,000

St Charles/Campton Hills-New 20 $159,900-$1,200,000

Closed-12 $180,000-$735,000

Yorkville-New 14 $229,900-$619,900

Closed-7 $118,000-$397,000

Contracts accepted this week

Contracts accepted this week on single family homes were consistent this week. 229 this week compared to 225 the week before. We love consistency!

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July–1,090
August-1,211
September so far-665

Total-9,971

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

Aurora-33 Batavia-11 Bolingbrook-21

Geneva-15 Naperville-39 Oswego-13

Plainfield-21 St Charles/Campton Hills-17 Yorkville-10

There were 3 short sales accepted by sellers this week. Zero the week before. 1 each in Geneva, Naperville and Plainfield.

Contracts were accepted by sellers that are contingent on the closing of the buyers current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Sellers also accepted contracts that are contingent on the sale and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Once a contract is accepted there is a review period where the buyer can do inspections and attorneys can review the contract. Not all contracts that get accepted close. Sometimes issues come up that can’t be resolved or maybe the loan might not get approved.

Contact us

Call us at 630-503-6555 with any real estate questions that you have. It is still a good time to sell if you want to get moved before the holidays.

Let us update your home value in the current market and provide you with a net proceeds. An estimate of expenses to sell.

If you are thinking about purchasing, your first step is to talk to a loan officer to get pre-qualified so you know what type of loan and what price range will work out for you. If you need recommendations we can provide you will loan officers to contact that we have successfully worked with.

Resources to check out:

Fox Valley market update September 21 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

Check out another way to search for a home that also has a chat feature that you can easily reach us. Sign up for free!

Fox Valley Market Update September 14 2019

Posted on September 14, 2019 by Kristine Heiman-Managing Broker

Fox Valley Market Update September 14 2019

Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-623

Total-12,513

Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-368

Total-8,021

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

Aurora-New 46 $115,000-$699,000

Closed-30 $37,500-$645,000

Bolingbrook-New 20 $174,900-$754,766

Closed-12 $152,700-$430,000

Elburn-New 10 $229,000-$549,900

Closed-1 $320,000

Naperville-New 61 $299,000-$1,599,000

Closed-28 $245,000-$1,150,000

Oswego-New 16 $179,900-$1,000,000

Closed-7 $215,000-$340,000

Plainfield-New 33 $149,888-$624,000

Closed-29 $170,000-$538,200

St Charles/Campton Hills-New 19 $199,900-$1,260,000

Closed-9 $290,000-$880,000

Sugar Grove-New 11 $214,900-$849,900

Closed-5 $210,000-$445,000

West Chicago-New 12 $228,000-$574,999

Closed-6 $222,500-$385,000

Yorkville-New 10 $164,900-$475,000

Closed-3 $134,500-238,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.

Contracts accepted 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September so far-436

Total-9,742

Look at the communities that had the most sellers accept contracts this week:

Aurora-36 Bolingbrook-21 Naperville-31

Plainfield-29 St Charles/ Campton Hills-11

Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.

There were no short sale contracts accepted this week.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.

Check out some resources:

Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.

Fox Valley market update September 14 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

Check out another way to search that also has a chat feature. Sign up for free!