Market update Fox Valley March 28 2020

Posted on March 28, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley March 28 2020

Market update Fox Valley March 28 2020. New listings were down slightly over 25% this week. 192 this week compared to 257 the week before. All non-essential businesses are shut down right now. We are essential. Some people do not realize this and others want to wait until this virus passes.

Closed listings were up just over 7% this week. 204 this week compared to 190 the week before. This is the end of the month. This months closings were higher than February by about 25 %. We will keep an eye on things for the next few months to see how it goes. Check back with us each Saturday.

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

Aurora-New 20 $109,900-$650,000

Closed-26 $107,900-$465,000

Bolingbrook-New 12 $124,900-$388,247

Closed-19 $165,000-$374,000

Geneva-New 12 $289,900-$1,599,000

Closed-6 $267,000-$504,000

Naperville-New 46 $284,900-$850,000

Closed-34 $236,000-$1,180,000

Oswego-New 11 $175,000-$339,000

Closed-11 $200,000-$521,300

Plainfield-New 24 $150,000-$586,8000

Closed-30 $200,000-$469,225

St Charles/Campton Hills-

New 15 $199,900-$1,150,000

Closed-12 $248,000-$649,500

Yorkville-New 8 $110,000-$550,000

Closed-10 $209,977-$452,000

Contracts accepted this week

Contracts accepted this week were down just over 37% this week. 179 accepted this week compared to 286 the week before. This week was a week of adjustment to what is going on with the virus and how to show homes.

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

Aurora-24 Bolingbrook-14

Naperville-22 Plainfield-30

St Charles/Campton Hills-18 Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 17 with a kick-out clause of 72 hours,6 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

Now take a look at the previous 2 years to compare

2019

Month New Closed Contracts accepted

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

2018

Month New Closed Contracts accepted

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

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.

We are getting updated frequently from the National Association of REALTORS®, Illinois REALTORS® and Fox Valley Association of REALTORS® on things we need to know going forward with this pandemic. Friday morning our Association did a Zoom meeting with lenders, title company, inspector, Government affairs to update us on loans going forward. How things are going with closings and inspections. Lots of things are changing during this time and they will keep us updated going forward with any changes.

We are classified as essential so some real estate offices are open and some working remotely but we are still working. I am working remotely.

Showings slowed down at first for a few days but now showings are happening again. Showing instructions are more important right now.

Pre-approval letters are also more important right now and need to be updated more frequently with the changing market conditions.

Check out these great resources:

Let us know what questions you have and if there is something else you are looking for we will be happy to help you. If you are looking for legal advice let us know and I would be happy to give you some names of attorneys to contact.

Market update Fox Valley March 28 2020. Have a great week! Stay safe and healthy. Wash your hands.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley March 21 2020

Posted on March 21, 2020March 22, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley March 21 2020

Market update Fox Valley March 21 2020. New listings were down a little over 28% this week. 257 this week compared to 360 the week before. Is this due to Covid-19? We are not sure yet. Illinois Governor just imposed “stay at home” starting today at 5 pm. We are classified as “essential services” so we are still working. We are asking our sellers if they still want to show their homes at this time. Some do and some want to wait.

Closings are up almost 34% this week. 190 this week compared to 142 the week before. We are getting closer to the end of the month so that is to be expected. Some title companies are offering curbside closings for buyers. Others are wanting only the people that need to sign papers come to closing. They clean everything in the room and use new pens for each closing. Sellers a lot of times these days, go in a few days before closing and sign documents with their attorney and give them power of attorney for anything else that needs to be signed on closing day. They have been doing this for quit some time. This is not new. Most closings it is just the buyers there and attorneys.

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

Aurora-New 33 $85,000-$599,900

Closed-33 $82,500-$516,900

Batavia-New 5 $265,000-$368,900

Closed-11 $180,000-$449,900

Bolingbrook-New 19 $175,000-$708,900

Closed-12 $181,100-$340,000

Geneva-New 13 $289,900-$499,900

Closed-4 $282,000-$354,000

Montgomery-New 9 $132,000-$284,900

Closed-17 $156,000-$365,610

Naperville-New 55 $250,000-$924,900

Closed-24 $242,000-$890,000

Plainfield-New 33 $207,000-$899,000

Closed-19 $173,000-$327,000

St Charles/Campton Hills-

New 17 $212000-$829,000

Closed-10 $265,000-$825,000

Yorkville-New 10 $225,000-$369,900

Closed-10 $165,000-$400,000

Contracts accepted this week

Contracts accepted this week were down 17 1/2% this week. 286 this week compared to 347 the week before. Showings started slowing down as the week went on. We will just have to see how this next week goes. Some sellers are still showing their homes and some are not.

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

Aurora-48 Batavia-13

Bolingbrook-25 Geneva-14

Naperville-45 Oswego-18

Plainfield-26 St Charles/Campton Hills-23

West Chicago-16

5 short sales were accepted by sellers this week. 2 in Batavia and 3 in Bolingbrook. 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. 13 with a kick-out clause of 72 hours, 18 with 48 hours and 5 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 994 503 900

Check back next Saturday to see how this next week goes.

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 goal.

Do you need an update of the value of your home in today’s market? We will provide you with a net proceeds that shows the expenses to sell your home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

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

Check out some great resources:

We are in different times right now. Whether going to look at homes or showing your home we need to keep social distancing and other preventative measures. You might want to check the CDC site for recommendations. If you have legal questions please contact your attorney to answer your questions. We can not give legal advice.

Market update Fox Valley March 21 2020. Have a great week! Wash your hands.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-65655 ext 101

besthomesfv@gmail.com

Market update Fox Valley-March 14 2020

Posted on March 15, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley-March 14 2020

Market update Fox Valley-March 14 2020. New listings of single family homes went down this week slightly over 4.5%. 360 this week compared to 377 the week before. Not too bad.

Closings this week on single family homes also went down just under 17%. These numbers will 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 42 $52,900-$799,900

Closed-24 $91,000-$410,000

Bolingbrook-New 19 $160000-$639,000

Closed-11 $151,500-$315,000

Geneva-New 30 $232,000-$750,000

Closed-3 $375,000-$669,000

Montgomery-New 12 $239,900-$301,990

Closed-1 $137,500

Naperville-New 69 $249,000-$1,695,000

Closed-22 $248,000-$959,000

North Aurora-New 10 $199,900-$424,988

Closed-2 $310,000-$358,000

Oswego-New 24 $209,500-$598,000

Closed-7 $199,000-$414,900

Plainfield-New 45 $209,900-$975,000

Closed-24 $161,700-$450,000

St Charles/Campton Hills-

New-23 $189,900-$624,999

Closed-11 $121,200-$1,035,000

West Chicago-New 11 $209,900-$550,000

Closed-3 $230,000-$272,000

Yorkville-New 11 $144,900-$425,000

Closed-1 $269,000

Contracts accepted this week

Market update Fox Valley-March 14 2020-Accepted contracts this week — Single Family Homes

Contracts accepted this week on single family homes went up just under 30%. 347 this week compared to 267 the week before. We are definitely in Spring market.

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

Aurora-52 Batavia-11

Bolingbrook-28 Geneva-14

Montgomery-12 Naperville-69

Oswego-19 Plainfield-40

St Charles/Campton Hills-18 West Chicago-12

4 short sales were accepted by sellers this week. 1 each in Aurora, Bolingbrook, Minooka and Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the closing of the buyers current home. 14 with a kick-out clause of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on selling and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and also 3 with 24 hours.

This shows that sellers are confident in this market.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 737 313 614

If March continues the way it is so far, we should double February numbers.

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.

Now is a great time to sell! Let us update the value of your home in the current market. We will provide you with a net proceeds that shows you an estimate of the expenses to sell. When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year? Talking to a loan officer to get pre-qualified is your first step. They will let you know the type of loan and the price range that will work out best for you.

If you need recommendations of loan officers, real estate attorneys, home inspectors we can give you names and phone numbers to contact to see who you would like to work with.

Check out some great resources:

Market update Fox Valley-March 14 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley-March 7 2020

Posted on March 7, 2020March 7, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley-March 7 2020

Market update Fox Valley-March 7 2020. New listings of single family homes were up 22% this week. 377 this week compared to 309 the week before. Spring market is in full swing so don’t wait! Now is the time to get your home on the market.

Closed listings were down about 17% this week. 171 this week compared to 208 the week before. That is the difference between the beginning of the month and the end of the month. These numbers will increase as we get towards the end of the month.

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

Aurora-New 39 $89,900-$924,900

Closed-37 $105,000-$489,900

Batavia-New 16 $222,000-$565,000

Closed-4 $270,000-$510,000

Bolingbrook-New 25 $169,900-$750,000

Closed-13 $130,000-$407,500

Geneva-New 14 $249,000-$719,000

Closed-3 $330,000-$455,000

Montgomery-New 10 $179,000-$294,900

Closed-6 $185,000-$289,900

Naperville-New 77 $199,900-$2,850,000

Closed-22 $289,900-$1,135,000

Oswego-New 20 $185,000-$677,000

Closed-11 $231,000-$315,000

Plainfield-New 41 $149,900-$1,200,000

Closed-20 $125,000-$529,000

Plano-New 10 $147,500-$399,900

Closed-2 $195,000-$319,000

St Charles/Campton Hills-

New-32 $159,000-$1,279,000

Closed-11 $210,000-$650,000

West Chicago-New 15 $187,900-$539,900

Closed-6 $147,184-$395,000

Yorkville-New 20 $144,900-$524,900

Closed-9 $205,000-$520,000

Contracts accepted this week

Contracts accepted this week were down about 11%. 267 this week compared to 303 the week before. We are having gorgeous weather this weekend going into next week so these numbers should go up next week. Also, there is a bigger range of priced homes that were listed this week. That will help a wider range of buyers to find a home.

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

Aurora-3 Batavia-1

Bolingbrook-17 Geneva-17

Montgomery-10 Naperville-45

Oswego-16 Plainfield-39

St Charles/Campton Hills-20

4 short sales were accepted by sellers this week. 1 each in Batavia, Bolingbrook, Plano and Yorkville. Now they will be submitted to the lender to see if they will also accept. We are happy that short sales remain low.

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, 9 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 377 171 267

At the end of the month I will compare it to the last few years so you can see how the market changes from year to year.

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 value of your home in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses and your equity. This will be updated when we get an offer on your home and we know all the terms so you can make a good decision.

Thinking about buying a home this year? Your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you. If you need recommendations we would be happy to give you a few loan officers to contact to see who you want to work with.

Check out some great resources:

If there is other information you are looking for just let us know and we will try to point you in the right direction. Spring market is a very exciting time of year. You need to be available and ready to go when a home comes on the market so you don’t miss out on it. So get your taxes done and keep all your information in a folder so it is ready if you need it.

Market update Fox Valley-March 7 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley-February 29 2020

Posted on February 29, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley-February 29 2020

New listings are slightly down this week. 309 this week of single family homes compared to 318 the week before. Not too bad but it is going in the wrong direction. We need new listings. Spring market is here so get your property market ready and let’s get it on the market.

Closed listings are up 87% from the week before. 208 closed listings of single family homes compared to 111 the week before. It is the end of the month. This is a dramatic way to show you the difference. Buyers want to close at the end of the month so they bring less interest to closing. They want to come into closing with the least amount of money to close.

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

Aurora-New 28 $100,000-$574,900

Closed-31 $80,000-$398,000

Batavia-New 14 $230,000-$729,900

Closed-10 $219,900-$628,424

Bolingbrook-New 19 $199,000-$789,000

Closed-25 $97,500-$412,500

Geneva-New 10 $235,000-$1,120,000

Naperville-New 73 $289,000-$1,899,000

Closed-28 $272,000-$1,399,888

Oswego-New 23 $184,900-$449,900

Closed-15 $192,000-$375,000

Plainfield-New 29 $210,000-$549,900

Closed-27 $139,650-$455,000

St Charles/Campton Hills-

New 28 $199,900-$1,150,000

Closed-20 $67,500-$689,653

Yorkville-New 20 $200,000-$614,900

Closed-10 $169,050-$446,500

Contracts accepted this week

Contracts accepted this week were up just under 10%. 303 accepted single family homes this week compared to 276 the week before. This is good news and if the new listings of single family homes continue to come on the market this will continue to go up. We still are dealing with an inventory problem. There is not enough homes on the market for the buyers that are wanting to find a home.

Look at the communities that sellers accepted the most contracts:

Aurora-42 Bolingbrook-18

Geneva-16 Montgomery-21

Naperville-48 Oswego-15

Plainfield-47 St Charles/Campton Hills-22

Yorkville-17

5 short sales were accepted this week by sellers. 2 in Plainfield and 1 each in Elburn, Winfield and 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 buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

2020 activity by the month and look back at 2019 and 2018

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

Now take a look back to 2019

January 878 407 568

February 1032 463 832

Take a look at 2018

January 808 489 606

February 1040 444 856

We are headed in the right direction.

Contact us

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

Spring is here already so don’t wait to put your home on the market. You don’t want to miss the busiest time of the year. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the estimated expenses to sell so you will have an idea of what kind of equity you have to work with. This will be updated when an offer comes in and we know all the terms so you will be able to make a good decision.

Thinking about buying a home this year? After you have talked to a loan officer and pre-qualifed let us know the price range and type of loan that will work out best for you and we will help you find the home that meets your goals. Let us know the vision of the home that you are looking for and what towns you would like to look. You need to be ready to go when a listing comes up so you don’t miss out.

Check out some great resources:

Let us know if there is other information you are looking for. We are happy to point you in the right direction. If you need recommendations for real estate attorneys or home inspectors once you find a home or you get a contract accepted on your home we can give you a few to contact so you can make the decision who to work with.

Market update Fox Valley-February 29 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign-up free for a different way to search for a home. You can change to satellite view and it also has a chat feature.

Market update Fox Valley-February 22 2020

Posted on February 22, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley-February 22 2020

Market update Fox Valley-February 22 2020. New listings of single family homes increased just under 8% this week. 318 new listings this week compared to 295 the week before. We are headed in the right direction. Buyers it is time to get busy and closely look at the new listings that are coming up and see them right away.

Closed listings were slightly down this week. 111 this week compared to 117 the week before. One more full week left to the month and I am not sure we will get to the numbers of closings that we had in January. March will be much different. There were 858 contracts accepted in January that most of them will be closing in March so we will see these numbers go way up.

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

Aurora-New 35 $114,500-$614,900

Closed-9 $93,000-$470,000

Batavia-New 17 $207,500-$799,000

Closed-5 $225,000-$827,500

Bolingbrook-New 21 $149,900-$409,000

Closed-9 $233,500-$425,000

Geneva-New 11 $345,000-$797,900

Closed-9 $115,000-$372,000

Montgomery-New 12 $175,000-$359,020

Closed-7 $132,750-$282,500

Naperville-New 65 $300,000-$1,250,000

Closed-21 $259,900-$1,250,000

Plainfield-New 46 $159,900-$649,000

Closed-10 $222,000-$450,000

St Charles/Campton Hills-

New-22 $249,900-$1,399,000

Closed-8 $235,000-$550,000

Yorkville-New 17 $239,500-$725,000

Closed-5 $220,000-$388,000

Contracts accepted this week

Contracts accepted this week were almost 16 1/2 % up this week. 276 single family homes accepted this week compared to 237 the week before. Buyers are ready to go sellers! It is time right now to get your home on the market.

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

Aurora-31 Batavia-12

Bolingbrook-20 Geneva-14

Minooka-10 Montgomery-10

Naperville-37 Oswego-11

Plainfield-45 St Charles/Campton Hills-22

Sugar Grove-10 Yorkville-14

5 short sales were accepted this week by sellers. 2 in Bolingbrook and 1 each in Minooka, Plainfield and Sycamore. Now they will be submitted to the lender to see if they will also accept.

Sellers also accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 with 48 hours and 4 with 24 hours.

Also sellers accepted contracts 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.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 958 321 721

We have one more full week left in February. We will pass up the January totals for New listings and Contracts accepted but I am not sure about closed listings.

Contact us

Call us at 630-503-6555 ext 101. Your goal is our goal. We will do everything we can to help you reach your goal.

Now is the time to get busy getting your home market ready. Spring market is here. Let us update the value of your home in today’s market. We will provide you with a net proceeds that gives you an estimate of expenses to sell and shows you about how much you will have to invest in another home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you will need 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. If you need recommendations we will provide you with a few to contact so you can decide who you would like to work with.

Check out some great resources:

Market update Fox Valley-February 22 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up free for a different way to search for a home. You can change to satellite view and it also has a chat feature.

Market update Fox Valley-February 15 2020

Posted on February 15, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley-February 15 2020

Market update Fox Valley-February 15 2020. New listings of single family homes was down 14.49% this week. 295 this week compared to 345 the week before. We are definitely going in the wrong direction. Inventory is low already. I hope it picks up this week.

Closed listings were up 25.81% this week. 117 closed single family homes this week compared to 93 the week before. These numbers will increase as we get closer to 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 $99,000-$488,500

Closed-17 $107,000-$332,500

Bolingbrook-New 13 $169,900-$339,900

Closed-11 $146,000-$429,000

Geneva-New $264,900-$819,000

Closed-3 $256,000-$329,000

Montgomery-New 10 $199,900-$317,000

Closed-7 $152,201-$284,000

Naperville-New 78 $289,000-$2,149,900

Closed-14 $247,000-$895,000

Oswego-New 25 $239,900-$529,900

Closed-5 $197,000-$329,900

Plainfield-New 31 $159,000-$519,900

Closed-21 $219,900-$790,000

St Charles/Campton Hills-

New-22 $249,900-$775,000

Closed-12 $81,250-$2,825,000

Contracts accepted this week

Contracts accepted this week are up 5.8%. 237 this week compared to 224 the week before. Not much of an increase. Weather might of been a factor for this week. We did get snow and very cold temperatures. We have been very lucky this winter. It has been pretty mild.

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

Aurora-28 Bolingbrook-21

Naperville-38 Oswego-17

Plainfield-32 St Charles/Campton Hills-21

Sycamore-11 Yorkville-11

5 short sales were accepted by sellers this week. 2 in Oswego and 1 each in Minooka, Naperville and Plainfield. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

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

2020 activity by the month

Month New Closed Contracts accepted

January 1105 566 858

February 640 210 445

We are half way through the month and new listings and contracts accepted are on track to pass up the totals of January. Usually January and February are slower months but this year with the mild temperatures people are not waiting for Spring market. They know once Spring market hits they will have more competition. Now is a great time to be a seller!

Contact us

Call us at 630-503-6555. Your goal is our goal. We will do everything we can to help you reach your goal whether you are a buyer/seller of both.

Let us update the value of your home in 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 so you can make a good decision.

Thinking about buying this year? You need to contact a loan officer to get pre-qualified so you know the price range and type of loan that will work out best for you. Need recommendations? We can provide you with a few to contact so you can decide who best to work with.

Check out some great resources:

Let us know what questions you have. We will guide you through the process every step of the way.

Market update Fox Valley-February 15 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Here is another way to search for a home. You can change to satellite view and it also has a chat feature.

Market update Fox Valley February 8 2020

Posted on February 8, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020. New listings of single family homes are up 40.24%. 345 new listings this week compared to 246 the week before. If you are still waiting for Spring market you might miss it. It has already started! Let’s get your home on the market.

Closed listings are down 25.6% this week. 93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

Closed-0

Naperville-New 87 $249,900-$2,399,000

Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

Closed-15 $169,900-$670,000

Contracts accepted this week

Contracts accepted this week were up 7.69%. 224 contracts accepted on single family homes this week compared to 208 the week before. I am expecting this to jump up next week with all the new listings that came on the market this week. Buyers have a good amount of new choices.

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

Aurora-35 Batavia-10

Bolingbrook-26 Naperville-29

Oswego-15 Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes. 2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 8 with 48 hours and 3 with 24 hours.

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 and 4 with 48 hours. If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month New Closed Contracts accepted

January 1105 566 858

February 345 93 208

Fox Valley is off to a good start so far this year. You will have to come back and check out as the year progresses.

Contact us

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

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

Thinking about buying a home this year? You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you. They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look. We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley February 1 2020

Posted on February 1, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley February 1 2020

Market update Fox Valley February 1 2020. New listings of single family homes this week were slightly down. 246 this week compared to 256 the week before. Only 10 listings off. That is not too bad.

Closed listing of single family homes was up this week. 125 this week compared to 107 the week before. Not too bad for January. The weather has been mild both in December and January. That really makes a difference. We hope the mild winter will continue.

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

Aurora-New 30 $114,500-$499,500

Closed-17 $65,000-$337,650

Batavia-New 12 $275,000-$735,000

Closed-3 $265,000-$484,000

Bolingbrook-New 11 $194,900-$449,900

Closed-7 $212,800-$425,000

Geneva-New 10 $279,000-$595,000

Closed-5 $227,000-$872,000

Montgomery-New 17 $194,500-$319,900

Closed-5 $142,999-$305,000

Naperville-New 44 $257,500-$3,300,000

Closed-16 $265,000-$730,000

Oswego-New 13 $170,000-$565,000

Closed-5 $240,000-$325,000

Plainfield-New 38 $200,000-$895,600

Closed-23 $201,000-$512,500

St Charles/Campton Hills-

New 19 $339,000-$1,999,995

Closed-7 $195,000-$550,000

Yorkville-New 7 $237,990-$500,000

Closed-11 $165,000-$424,900

Contracts accepted this week

Contracts accepted by sellers this week were very consistent with last week. 208 this week compared to 210 the week before. We love consistency! We are looking to February to continue with this trend before we really start heating up with Spring market. This really is a great time whether you are a buyer or seller to find a home or to sell one. There is not as much competition right now as there will be starting in March.

Look at the communities that sellers accepted the most contracts:

Aurora-35 Bolingbrook-18

Naperville-31 Plainfield-26

St Charles/Campton Hills-12 West Chicago-10

Yorkville-13

There were 6 short sales accepted this week on single family homes. 3 in Plainfield and 1 each in Aurora, Batavia and Bolingbrook. 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. 5 with a kick-out clause of 72 hours,4 with 48 hours and 1 with 24 hours.

Also Sellers accepted contracts that are contingent on the buyer selling and closing on their home. 1 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

Compare to 2019

January 858 407 608

We are ahead of last year for new, closed and contracts accepted. For New listings we are ahead almost 28.8%, Closed up 39% and Contracts accepted we are up 41%. Some people are saying we are already in Spring market. I think March we will be up even more. Check back with us and see.

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 goal.

If you are working on your home to get it ready for market let us know so we can give you an idea of the best things you need to work on. We will update the value on your home in today’s market. Provide you with a net proceeds so you have an idea of expenses to sell. We will update this when an offer comes in so you can make a good decision.

Thinking about buying this year? You need to call a loan officer to get pre-qualified to see what type of loan and what price range will work out best for you. If you need recommendations we will be happy to provide you with a few to contact to see who you would like to work with. Get your information together and keep it in a folder so it is easy to find just in case they ask you for it again later.

Check out some great resources:

Let us know what other information you are looking for. We will point you in the right direction.

Market update Fox Valley February 1 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign-up free for a different way to search for a home. You can change to satellite view and it also has a chat feature.

Market update Fox Valley January 25 2020

Posted on January 25, 2020 by Kristine Heiman-Designated Managing Broker

Market update Fox Valley January 25 2020

Market update Fox Valley January 25 2020. New listings increased slightly this week. 256 this week compared to 247 the week before. We have had some snow but the temperatures have been fine so that is not a factor.

Closings this week were very consistent. 107 this week compared to 108 the week before. Next week is the final week of the month so we will see if this increases.

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

Aurora-New 28 $99,900-$495,000

Closed-14 $90,000-$305,000

Bolingbrook-New 14 $125,000-$429,000

Closed-9 $160,000-$423,700

Geneva-New 10 $239,900-$819,000

Closed-7 $265,000-$450,000

Montgomery-New 13 $164,900-$336,900

Closed-7 $150,000-$337,305

Naperville-New 37 $320,000-$1,000,000

Closed-21 $315,000-$725,000

Oswego-New 11 $224,900-$540,000

Closed-6 $150,000-$335,790

Plainfield-New 45 $204,900-$899,000

Closed-9 $205,000-$500,000

St Charles/Campton Hills-

New 20 $79,900-$750,000

Closed-8 $86,000-$462,500

Yorkville-New 16 $169,500-$320,000

Closed-4 $192,500-$538,000

Contracts accepted this week

Contracts accepted this week increased 20.7%. This week 210 contracts were accepted and the week before there were 174. Things are happening so don’t wait thinking this is a bad time to put your home on the market. Get ahead of the big rush of Spring market when you will have a lot of competition. If your home is ready for market now is the time!

Look at the communities that sellers accepted the most contracts:

Aurora-33 Bolingbrook-18

Naperville-36 Oswego-12

Plainfield-29 St Charles/Campton Hills-18

Yorkville-11

St Charles and Campton Hills are combined on the MLS so that is why we always have them combined.

2 short sales were accepted this week by sellers. 1 in North Aurora and also 1 in Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyers current home closing. 3 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 859 441 650

Next week I will compare last year to this year in January to see the difference. Just realize that some of the new listings are ones that have been on the market and expired or canceled and relisted so it is not a true figure. The same with contracts accepted. Some of them have had a contract accepted and for some reason they go back on the market and then receive another contract. The only true figure is closed. When you are trying to come up with a price to put your home on the market closed is the only one to use.

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 goal.

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

If you are thinking about buying a home you need to call a loan officer to get pre-qualified to see what type of loan and the price range that will work out best for you. They will give you a letter showing what you qualify for and this will go with a offer when you find a home. Sellers need to know this information to make a decision whether to work with your offer or not.

Check out some great resources:

School websites also give you a lot of good information. Let us know if there is any other information that you are looking for.

Market update Fox Valley January 25 2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 x 101

besthomesfv@gmail.com

Sign up free for a different way to search for a home. You can change to satellite view and it also has a chat feature.