Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020
Single family homes

Fox Valley market update 1-18-2020.  New listings increased  13.3%.  247 this week compared to 218 the week before.  That is great news for buyers that continue to search for just the right home to purchase.  Choices are good!  You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same.  108 this week and the last.  They should increase as we head into 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 22 $109,900-$539,900

            Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

                     Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

             Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

                 Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

              Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

                Closed-13 $184,000-$405,000

St Charles/Campton Hills-

                New 22 $78,900-$1,700,000

                Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

               Closed-3 $130,000-$292,990

Contracts accepted this week

Fox Valley market update 1-18-2020-Contracts accepted this week
Single family homes

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before.  Buyers are looking for homes year round so don’t think this is not a good time to sell.  If the location, condition and price are right it will sell.  If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33                    Bolingbrook-15

Naperville-23               Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them.  These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week.  It was in Bolingbrook.  Now it 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. 1 with a kick-out clause of 72 hours and 6 with 48 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, 2 with 48 hours and 1 with 24 hours.

2020 by the month

Month                    New       Closed       Contracts accepted

January                  603          334                 440

Not bad for only 2 1/2 weeks into the new year.  Activity happens no matter what time of year it is.  You might want to get your home on the market now so you have less competition then when Spring market hits.  If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date.  No more than 30 days old.

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.

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.

Are you looking to buy this year?  Make sure you contact a loan officer to get pre-approved so you are ready to go.  We will not show homes without it.  You don’t want to fall in love with a home that will not work for you.  You need to find out the price range and what type of loan that will work out best for you.  

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020.  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 switch to satellite view and it also has a chat feature.

 

Fox Valley Market Update 1-11-2020

Fox Valley Market Update 1-11-2020
Single Family Homes

Fox Valley market update 1-11-2020 of single family homes.  Our first full week of the new year picked up activity.  218 new listings of single family homes compared to 138 the week before.  We are happy to see the increase of homes on the market. Choice is not an option in some price ranges.  We hope this year will be different and more choices will be available this year.

Closed homes was slightly down this week.  108 this week compared to 118 the week before.  This will increase as we get closer to the end of the month.

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

Aurora-New 30 $59,900-$619,000

            Closed-16 $85,000-$468,000

Bolingbrook-New 16 $175,000-$579,000

                     Closed-5 $185,000-$319,900

Geneva-New 10 $262,000-$1,199,000

             Closed-4 $235,000-$382,500

Naperville-New 34 $304,850-$3,750,000

                 Closed-15 $230,000-$1,520,000

Oswego-New 14 $184,900-$435,900

              Closed-9 $219,900-$317,000

Plainfield-New 26 $174,900-$515,900

                Closed-21 $153,000-$400,000

St Charles/Campton Hills-

                New-12 $289,500-$1,199,999

                Closed-14 $185,000-$785,000

Sugar Grove-New 11 $229,900-$1,250,000

                     Closed-3 $220,000-$290,000

Yorkville-New 10 $237,700-$499,900

              Closed-1 $293,000

Contracts accepted this week

Fox Valley Market Update 1-11-2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week increased by about 67%.  159 this week compared to 107 the week before.  Buyers are out there just waiting for the right home to come on the market.  Is it yours?  It just might be so give us a call and let’s get your home on the market.

Communities this week that sellers accepted the most contracts:

Aurora-23                Bolingbrook-14

Naperville-23           Plainfield-24

St Charles/Campton Hills-14

No short sales contracts accepted this week.  That does not mean there are no short sale properties out there.  They just have not found a buyer yet.

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

Also sellers have accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

These sellers felt confident enough in the market that these homes will close to accept their contract.

2020 by the month

Month                   New         Closed       Contracts accepted

January                 356            226                 266

Looking back at previous 2 years

January 12 2019 445           200                 243

January 13 2018 388           230                 258

This is for the 2nd week in January the previous 2 years.  Weather has not been a factor so far this year.  We have had a mild winter so far.  Last year January and February were brutal.  I can’t remember the weather for 2018 during this time.  Activity happens throughout the year.  You might want to get a jump on the Spring market so you don’t have as much competition to sell.  

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.

Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you.  Seller’s want to be confident that the people coming through their homes are qualified.

Let us update the value of your home in today’s market.  We will do a market analysis and 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.

Check out some great resources:

Fox Valley market update 1-11-2020.  Have an amazing week!

Kristine Heiman, Designated 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 that you can change to satellite view and it also has a chat feature.

Fox Valley Market Update September 28 2019

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

Fox Valley Market Update September 28 2019-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

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

Fox Valley Market Update September 21 2019-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

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!

 

Fox Valley Market Update September 7 2019

Fox Valley Market Update September 7 2019

Fox Valley market update September 7 2019.  New listings this week were slightly up.  313 new listings of single family homes this week compared to 290 the week before.  Now that we are past the holiday and school starting we can get back to normal.

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-313

          Total-12,203

Closed listings of single family homes were down this week.  180 this week compared to 292 the week before.  With the holiday, a short week and the beginning of the month this is to be expected.  It should go up from here.

Closed listings 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-180

          Total-7,833

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

Aurora-New 40 $115,000-$500,000

            Closed-34 $80,000-$510,000

Batavia-New 14 $209,900-$525,000

             Closed-8 $255,500-$586,987

Bolingbrook-New 22 $179,900-$500,000

                    Closed-16 $134,100-$369,000

Geneva-New 23 $149,000-$1,249,000

             Closed-9 $241,000-$924,000

Naperville-New 62 $305,000-$4,000,000

                 Closed-23 $305,000-$1,295,000

Oswego-New 24 $229,900-$475,000

              Closed-10 $129,000-$304,295

Plainfield-New 40 $169,900-$549,900

                Closed-18 $150,000-$515,000

St Charles/Campton Hills-New 18 $163,500-$1,199,999

                                         Closed-14 $100,000-$617,500

West Chicago-New 12 $179,900-$499,900

                       Closed-3 $285,000-$335.000

Yorkville-New 13 $180,000-$469,500

              Closed-6 $250,000-$452,000

Contracts accepted this week

Fox Valley Market Update September 7 2019-Contracts accepted this week

Contracts accepted this week on single family homes was slightly down this week.  211 this week compared to 227 the week before.  This should go up next week since we are now past the holiday and a short week.  Keep in mind that not all contracts accepted close.  They need to get past home inspection, attorney review and the loan approval. So things can happen during that process.

Contracts accepted for 2019 by the month of single family homes:

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

          Total-9,517

Now take a look at the communities this week that sellers accepted the most contracts on single family homes:

Aurora-33                                            Bolingbrook-13                                               Naperville-34

Oswego-10                                           Plainfield-28                                                   St Charles/Campton Hills-16

Short sales still remain low this week.  1 this week compared to 3 the week before. The 1 was in Bolingbrook this week.

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, 2 with 48 hours and also 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours and 1 with 48 hours.

Contact us

Call us with your real estate questions at 630-503-6555.  Our goal is your goal.  Whether you are buying, selling or both we will work hard to meet your goals.  We will let you know what you need to do to get your home ready for market.  Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.

If you are thinking about buying you need to talk to a loan officer first to get pre-qualified so you know what type of loan will work for you and the price range.  What type of loan you choose will determine the condition the home must be in.  If you find a home that needs repairs and the seller is not willing to do them and you have the money you can set up an escrow account if it is under $5,000 for repairs.  If it is over that amount you will need to get pre-qualified for a loan that will allow you to make the repairs.  This is a different kind of approval.  Separate from the normal approval.  We can talk to you more about this or your loan officer can explain it to you.

It is still a great time to sell or buy so get in touch with us so we can get you started.

Check out some resources:

Fox Valley market update September 7 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 with a chat feature.  Sign up for free and let us know what you think.  It has google maps so you can click on the satellite view so you can see the yard and house around it.. 

Fox Valley Market Update August 31 2019

Fox Valley Market Update August 31 2019

Fox Valley market update August 31 2019.  New listings of single family homes were consistent this week.  290 this week compared to 292 the week before.  We love consistency!  That is even with a holiday coming up.  Usually the week leading up to a holiday is a little slower than normal.

2019 so far by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June-1,643
  • July-1,423
  • August-1,583

          Total-11,890     May was the month with the most new listings of single family homes so far.

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

Aurora-New 35$129,900-$565,000

            Closed-37 $89,900-$425,000

Batavia-New 9 $172,500-$550,000

             Closed-10 $247,500-$673,299

Bolingbrook-New 19 $176,900-$484,256

                    Closed-23 $125,501-$390,000

Geneva-New 12 $330,000-$2,800,000

             Closed-10 $295,000-$533,000

Montgomery-New 18 $148,899-$297,990

                     Closed-10 $100,000-$308,000

Naperville-New 54 $278,500-$1,499,000

                 Closed-57 $225,000-$2,350,000

Oswego-New 19 $149,900-$724,000

              Closed-15 $168,000-$380,000

Plainfield-New 41 $185,000-$575,000

                Closed-29 $157,374-$406,000

St Charles/Campton Hills-New 25 $234,500-$1,995,000

                                        Closed-25 $165,000-$1,262,500

West Chicago-New 4 $265,000-$430,000

                      Closed-12 $146,500-$347,000

Yorkville-New 12 $154,900-$439,934

              Closed-14 $150,000-$470,946

Closed listings of single family homes were slightly higher this week. 292 this week compared to 221 the week before.    This was not a typical month.  Usually the end of the month you see the most closings.  The first week there were 341 closings but most of them were the end of July closings in the first part of that week and ending on August 3rd.  The 3rd week ending on August 17th was the next highest with 255.   They were trying to close before the first day of school starting.

Closings by the month in 2019:

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

          Total-7,653     August was slightly higher than May so far this year.  The school year calendar was the driver for this years activity. 

Contracts accepted this week

Fox Valley Market Update August 31 2019-Contracts accepted this week

Contracts accepted this week on single family homes was slightly lower this week.  227 this week compared to 234 the week before.  Not too bad for the hustle of the kids getting back to school and Labor Day coming up.

Contracts accepted so far by the month for 2019:

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

          Total-9,306    May so far is the busiest month for contracts accepted by sellers.

You are probably wondering why I am keeping track of when contracts get accepted but I do think it is important.  When you look back at the month with the most listings you see that it makes sense.  March was the next highest month for new listings and it is also the next highest month for contracts accepted.  Buyers had more choice.

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

Aurora-43                                     Batavia-11                                    Bolingbrook-15

Montgomery-11                            Naperville-32                                Plainfield-34

St Charles/Campton Hills-19

Short sales accepted this week still remain low.  3 this week compared to 1 the week before.  1 each in Naperville, St Charles/Campton Hills and Yorkville.

Sellers accepted contracts this week that are contingent on buyer closing on their current home.  3 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.  5 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 with your real estate questions.  Our goal is your goal.  We will work hard to meet your goals whether buying or selling a home.  We will guide you through the process and make recommendations for real estate attorneys, loan officers and home inspectors.

Provide you with a net proceeds that shows you the expenses to sell a home so you can make a good decision if it is the right time for you.  Let you know what you need to do to get your home market ready.  If you do not want to make the updates we can price it accordingly.

Resources to check out:

Fox Valley market update August 31 2019.  Have a great week and a fantastic Labor Day weekend!

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 might like.  It also has a chat feature.

Fox Valley Market Update August 24 2019

Fox Valley Market Update August 24 2019

Fox Valley market update August 24 2019.  New listings of single family homes were slightly down this week.  292 this week compared to 315 the week before.  Not too bad with school starting.  So many people are out buying school clothes and supplies to get ready to start school.

2019 new single family home listings by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June-1,643
  • July-1,423
  • August so far-1,295

          Total-11,600

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

Aurora-New 43 $118,000-$975,000

            Closed-35 $137,000-$513,500

Batavia-New 17 $189,900-$614,500

             Closed-5 $210,000-$525,000

Bolingbrook-New 17 $169,900-$565,000

                     Closed-19 $104,8500$380,000

Geneva-New 19 $229,000-$1,695,000

             Closed-6 $219,900-$485,000

Montgomery-New 10 $175,000-$270,000

                      Closed-8 $181,000-$287,000

Naperville- New 63 $299,700-$7,250,000

                  Closed-31 $230,000-$1,180,000

Oswego-New 9 $179,900-$385,790

              Closed-10 $169,000-$462,850

Plainfield-New 29 $154,900-$778,000

                Closed-34 $180,000-$551,351

St Charles/Campton Hills-New 22 $260,000-$829,000

                                         Closed-21 $150,000-$622,500

West Chicago-New 10 $259,900-$675,000

                       Closed-4 $176,000-$337,000′

Yorkville-New 11 $199,900-$374,900

              Closed-5 $249,900-#55,000

Closed homes this week were also down.  221 this week compared to 255 the week before.  Next week is the last week of the moth so we should see an increase.  Especially because next weekend is Labor Day so people will have a long weekend to move in and get settled.

Closed homes in 2019 by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-1,029
  • August so far-1,111

          Total-7,361

May continues to be the best month so far for new listings and closed homes.

Contracts accepted this week

Fox Valley Market Update August 24 2019-Contracts accepted this week

Contracts accepted on single family homes this week were slightly up this week.  234 this week compared to 212 the week before.  When something special comes on the market no matter how busy you are you need to jump on it.  Homes that have been on the market either need to be made special or drop the price to get a buyer interested.

Contracts accepted on single family homes in 2019 by the month:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1665
  • June-1,218
  • July-1,090
  • August so far-984

          Total-9,079

Not every home that received an accepted contract closes.  Sometimes things come up during attorney review or the home inspection that buyer and seller do not mutually agree upon.  Sometimes the buyer’s loan does not get approved either because something comes up on their credit that can’t be resolved or the appraisal does not appraise for the agreed upon price.  Buyer’s sometimes lose their job during the process  Many things can happen during the process.  Keeping on top of things is very important.

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

Aurora-37                                       Bolingbrook-15                                        Geneva-10

Naperville-42                                  Oswego-1-                                                Plainfield-25

St Charles/Campton Hills-16

Short Sales accepted this week were still low.  Only 1 this week compared to 2 the week before. This is great!  Bolingbrook was the only community this week with an accepted contract.

Sellers also accepted contracts 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 6 with 24 hours.

Contracts were also accepted by seller’s 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 6 with 48 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  We are keeping an eye on the market.  Our goal is your goal.  We are here to listen to your wants and needs.  We will do everything we can to accomplish your goals.  Whether buying or selling a home.

Check out some resources:

Let us know what other information you are looking for and we will point you to it.

Fox Valley market update August 24 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

Another way to search for homes that also has a chat feature.  You can sign up for free.

Fox Valley Market Update August 17 2019

Fox Valley Market Update August 17 2019

Fox Valley market update August 17 2019.  New listings of single family homes was down this week.  315 new listings this week compared to 360 the week before.  So many schools started back up this week for will next week. I am sure that has had an impact on housing slowing down. Once they get settled back into their routines it will probably get back to normal.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2004
  • June-1,643
  • July-1,423
  • August so far-1,003

          Total-11,308

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

Aurora-New 41 $120,000-$795,000

            Closed-38 $80,000-$427,500

Batavia-New 12 $214,900-$579,900

             Closed-5 $199,550-$440,000

Bolingbrook-New 23 $142,500-$495,000

                     Closed-20 $160,000-$410,000

Geneva-New 9 $289,900-$674,900

             Closed-12 $275,000-$830,000

Montgomery- New 6 $194,900-$299,000

                      Closed-11 $182,000-$285,000

Naperville-New 57 $275,000-$1,590,000

                Closed-39 $307,500-$970,000

Oswego-New 15 $189,900-$359,900

              Closed-12 $210,000-$346,000

Plainfield-New 40 $159,888-$1,190,000

               Closed-27 $95,000-$762,000

St Charles/Campton Hills-New 24 $100,000-$1,295,000

                                         Closed-19 $181,500-$515,500

Yorkville-New 16 $162,500-$415,000

              Closed-12 $130,000-$450,000

Closed listings of single family homes were slightly up this week.  255 this week compared to 221 the week before.  We are heading closer to the end of the month so this is to be expected.

Look at the closings 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 so far-890

          Total-7,140

If August continues the same for the next 2 weeks it could end up the best month for closings for far.  May has been the highest month so far for New listings closings and contracts accepted.

Contracts accepted this week

Fox Valley Market Update August 17 2019-Contracts accepted this week

Contracts accepted this week of single family homes were down.  212 this week compared to 249 the week before.  Again I think this is due to school starting or getting ready to start for some.

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

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218
  • July-1,090
  • August so far-772

          Total-8,867

I think it is important to look at the months that people are making decisions to purchase.  It changes a little bit each year.   A lot of it has to do with inventory.  Some people end up looking for months.  It depends on what price range you are in.  Under $200,00 it is hard to find.  You have more choices above that price range.

Look at the communities that sellers accepted the most contracts on single family homes this week:

Aurora-37                                                  Bolingbrook-15                                                Geneva-10

Naperville-42                                             Oswego-10                                                        Plainfield-25

St Charles/Campton Hills-16

Short sales this week on single family homes were down this week.  2 this week compared to 7 the week before.  that is good news.  there were 1 each in Aurora and Montgomery. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted this week by seller’s that are contingent on the buyer closing on their current home before purchasing.  6 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

Seller’s also accepted contracts on single family homes that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours and 48 hours.

Contact us

Call us with all of your real estate questions 630-503-6555.  If we do not have the answer we will point you to where or who would have the answer. 

We will do the best we can to find you a home that fits your needs and wants. Give us a good idea of the home that fits all of your wishes and the one that is the bare minimum.

If you are thinking about selling your home we will let you know what you need to do to get your home market ready and provide you with a net proceeds.  This is an estimate of expenses so you will know where you are at. When an offer comes in we will update this so you can make a good decision.

Check out some resources:

Fox Valley market update August 17 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.com@gmail.com

Fox Valley Market Update August 10 2019

Fox Valley Market Update August 10 2019

Fox Valley market update August 10 2019.  New listings were up this week!  360 new single family homes this week compared to 328 the week before.  Good news for buyers that are still trying to find something.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2004
  • June-1,643
  • July-1,423
  • August so far-688

          Total-10,993

Closed listings of single family homes was down this week.  221 this week compared to 341 the week before.  This is really the first full week of August so it is expected that closings would be down.  They will increase as we get closer to the end of the month.

Closings 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 so far-562

          Total-6,812

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

Aurora-New 47 $100,000-$525,000

            Closed-20 $85,000-$1,075,000

Batavia-New 13 $219,900-$695,995

             Closed-8 $246,000-$645,569

Bolingbrook-New 30 $172,000-$569,900

                     Closed-14 $146,500-$422,500

Geneva-New 24 $279,900-$2,695,000

             Closed-14 $95,000-$675,000

Montgomery-New 24 $104,000-$320,490

                      Closed-5 $139,900-$259,900

Naperville-New 63 $228,000-$1,600,000

                 Closed-39 $285,000-$859,900

Oswego-New 19 $154,000-$515,000

              Closed-13 $204,999-$390,000

Plainfield-New 37 $150,000-$509,000

                Closed-36 $170,000-$485,000

St Charles/Campton Hills-New 27$199,900-$895,000

                                         Closed-19 $180,000-$880,000

Yorkville-New 10 $159,900-$559,999

              Closed-8 $235,000-$335,000

Contracts accepted this week

Fox Valley Market update August 10 2019-Contracts accepted this week

Contracts accepted this week were down slightly.  249 this week compared to 274 the week before.  That is not too bad.  Especially with school starting soon and people still gone on vacation.

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-523

          Total-8,618

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

Aurora-39                                   Bolingbrook-23                                          Montgomery-10

Naperville-45                              Oswego-16                                                 Plainfield-22

St Charles/Campton Hills-21

Short sales accepted by sellers on single family homes were up this week.  7 this week compared to 3 the week before.  This week there were 1 each in Aurora, Minooka, Montgomery, Plano & Yorkville.  2 were in Bolingbrook.  Now they will be submitted to the lender to see if they will also accept them as written.

Sellers accepted contracts that are contingent on the buyer closing their current home before purchasing.  5 with a kick-out clause of 72 hours, 12 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, 6 with 48 hours and 1 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 buying or selling a home.

If you are thinking about selling we can let you know what you need to do to get your home market ready.  Provide you with a net proceeds so you have an estimate of expenses.  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 get pre-qualified with a loan officer so you know the type of loan and price range that will work out best for you.  If you need recommendations of a loan officer to call we can recommend a few and you decide who you want to work with.

Check out these resources that might help you:

Some communities are more active then others.  It is your preference if you want a community that is very active or one that is slower moving.  Are you planning on long term or short term. Your price range and size of home might determine where you want to move.  Tell us what is most important to you and we will work hard to find the best place for you to call home.

Fox Valley market update August 10 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

A different way to search that also has a chat feature.  Try it out and let us know what you think!