2021 market update week 2 Cover

2021 market update week 2

2021 market update week 2.  New listings of single family homes are staying consistent into this second week of the year.  139 this week compared to 136 the week before.  Now we need to try increase the number of homes so we can meet the buyer demand.

Closed homes this week were almost identical.  168 this week compared to 167 the week before.  Closings should increase as we head to the end of the month when most buyers want to close.

2021 market update week 2

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

Aurora-New 12 $158,900-$525,000

            Closed-21 $110,990-$400,000

Bolingbrook-New 10 $199,900-$939,000

                    Closed-24 $174,000-$388,000

Naperville-New 35 $350,000-$1,450,000

                  Closed-20 $345,000-$1,290,000

Oswego-New 12 $210,000-$419,900

               Closed-7 $200,000-$467,500

St Charles/Campton Hills-

               New-10 $219,900-$1,275,000

               Closed-15 $260,000-$665,000

You should be able to click on the photo above to make it bigger so you can see the other communities with activity this week.

Contracts accepted this week

2021 market update week 2-Contracts accepted this week

Contracts accepted this week were much higher.  179 this week compared to 159 the week before.  Usually things slow down this time of year but with the extremely low inventory that continues buyers are not slowing down.  They know they have to keep up with the market or they will lose out.

It will continue to be a seller’s market until we see inventory improve drastically. 

Look at the communities that seller’s accepted the most contracts this week:

Aurora-28                                 Bolingbrook-11

Naperville-28                            Oswego-13

Plainfield-21                              Yorkville-13

1 short sale was accepted in Warrenville this week by a seller.  Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on buyer closing on their current home.  5 with a kick-out clause of 72 hours and 3 with 48 hours.

Also, seller’s accepted contracts 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.

2021 by the month

Month                  New     Closed     Contracts accepted

January                 275           335                 338

We will update this every Saturday and at the end of each month we will compare to the previous 2 years so you can see how things are going.

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.

Buying a home can be very exciting.  If you haven’t already you need to contact a loan officer to get prequalified.  Get 2 years of tax returns, pay stubs, bank statements, credit card information and any other payments you make monthly together.  Scan them if you can so you can submit them.  After they are finished they will provide you with a letter that says what type of loan that will work out best for you and what price.  We will submit this letter with an offer when you find a home.

Thinking about selling this year?  It is an excellent time to sell.  Prices are up because of low inventory.  Homes are moving quickly if they are market ready.  Request a home valuation so we can let you know what it is worth in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources to check out:

IF there is any other information that you are looking for let us know and we would be happy to point you in the right direction.  We are here to guide you through the process.

2021 market update week 2.  Have a great week!

2021 market update week 2Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 market update week 1 Cover

2021 market update week 1

2021 market update week 1.  It is the first full week of 2021.  New listings of single family homes almost doubled this week.  136 this week compared to 73 the week before.  Now that we are past the holidays things should get rolling along.

Closed single family homes this week were slightly down.  167 this week compared to 178 the week before.  Not too bad for the first week of the year.  Last week buyers were trying to get closed before the end of the year.

2021 market update week 1

 

 

 

 

 

 

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

Aurora-New 10 $145,000-$399,900

            Closed-25 $115,000-$565,000

Batavia-New 2 $349,000-$479,900

             Closed-12 $279,000-$525,000

Bolingbrook-New 2 $247,300-$269,900

                    Closed-17 $185,000-$420,000

Geneva-New 6 $174,900-$449,900

              Closed-10 $130,107-$1,050,000

Naperville-New 39 $349,900-$10,500,000

                 Closed-15 $265,000-$900,000

Oswego-New 12 $289,900-$550,000

               Closed-$230,000-$422,400

Plainfield-New 25 $250,000-$699,900

                Closed-18 $260,000-$528,317

St Charles/Campton Hills-

                 New-6 $315,000-$1,190,000

                 Closed-13 $240,000-$565,000

Yorkville-New 4 $275,000-$699,900

              Closed-10 $185,000-$575,000

I highlighted the communities with the most activity.  You should be able to click on the photo to see all the communities with activity this week. 

If you know you will be purchasing a home for a short time period you might want to stick to the communities that constantly have more activity.  It all depends on the price range and what you are looking for.

Contracts accepted this week

This first week of 2021 saw buyers back out there again ready to write offers.  Sellers accepted 159 contacts this week compared to 120 the week before.

2021 market update week 1-contracts accepted

 

 

 

 

 

 

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

Aurora-17                               Bolingbrook-12

Geneva-13                             Naperville-23

Plainfield-13                           St Charles/Campton Hills-21

Only 1 short sale was accepted this week by a seller.  It was in Sugar Grove.  Now it will get 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.  3 with a kick-out clause of 72 hours, 1 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. 1 with a kick-out clause of 72 hours and 3 with 48 hours.

Resources that might help you

Always check with your loan officer to see what offers they have to help, but these are also worth your time to check.

If there is any other information that you are looking for just let me know  I would be happy to point you in the right direction.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can recommend a few that we have successfully worked with in in the past.

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.

Thinking about selling your home this year?  Request a home valuation and give us a little information about your home.  What updates you have recently completed and when you would like to get your home on the 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 so you can make a good decision.

If you are thinking about buying a home this year you will need to get some things together and contact a loan officer to get prequalified.  2 years of tax returns, pay stubs, bank statements, car payment information, credit card information and any other monthly expenses. Keep them in a folder.  You will need to probably send this information again once you apply for a loan when you find a home.  You will be given a letter from your loan officer showing the type of loan and price that you qualify for.  We will need to send this with an offer when you find a home.

2021 market update week 1.  Have a great week!

2021 market update week 1Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101