Fox Valley Real Estate Market Update Week 38

Fox Valley Real Estate Market Update Week 38-Cover

Fox Valley real estate market update week 38.  New listings of single family homes were up.  233 this week compared to 202 the week before.  Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down.  232 this week compared to 249 the week before.  The last week of the month ends next Thursday.  They should increase next week.

Fox Valley Real Estate Market Update Week 38

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

Aurora-New 44 $95,000-$495,000

            Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

             Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

                   Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

            Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

                 Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

             Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

                Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

                  Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

               Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct.  You don’t see that very often.

Financing, median price and 2,000 square foot or more

Median list price of single family homes this week was $350,000, last week $349,900.  

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521
Median list and closed price

Prices and not changing that much.  They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting.  163 closed this week compared to 183 the week before.

Cash is king but not offered as much.  25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash
Conventional and Cash

FHA financing is not getting accepted by seller’s as much.  37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA
FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000.  This gives you an idea of size of homes closed in the Fox Valley area and prices.  This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more
2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up.  277 this week compared to 268 the week before.  It all depends on what is listed throughout the week and what location.  Buyer’s are waiting on new listings to come on the market.

Fox Valley Real Estate Market Update Week 38-Contracts accepted this week

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

Aurora-47                        Bolingbrook-22

Geneva-13                        Montgomery-14

Naperville-43                   Oswego-17

Plainfield-39                     Yorkville-19

2 short sales were accepted by seller’s this week.  1 each in Naperville and Plainfield.  Now they will be submitted to the lender to see if they will also accept.  Most people that are struggling with making their payments don’t have to go the short sale route.  Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

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

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

2021 by the month

Month        New     Closed     Contracts accepted

January          543            649                   829

February        561             604                   778

March            993            1099                 1455

April             1006             926                 1387

May              1088            1288                 1289

June             1450            1686                 1671

July              1118             1182                  1210

August          1109            1203                  1170

September     878            1073                 1003

Totals       8746       9710          10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year..  Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved.  They go back on the market and receive another contract. 

You can see how tight the market is.  Prices will keep on increasing until inventory exceeds buyer demand.

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.

Request a home valuation if you are thinking about selling your home.  We will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you 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 a home?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking.  They will give you a letter showing what you are pre approved for that will go with an offer when you find a home.  This needs to be 30 days old or less.  If it is more than that you will need them to update it.

Resources:

If you need recommendations for a loan officer, real estate attorney or home inspector we can provide you with a few so you can decide who you want to work with.

It has been a crazy market throughout this pandemic.  People have not stopped the need for a home.  In most cases it has made it more important.

Fox Valley real estate market update week 38.  Have a great week!

Kristine Heiman, SFR. SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley real estate market update week 38-Kristine Heiman Managing Broker

Fox Valley Real Estate Market Update Week 37

Fox Valley Real Estate Market Update Week 37-Cover

Fox Valley real estate market update week 37.  New listings of single family homes are down.  202 this week compared to 239 the week before.  We are heading in the wrong direction.  Buyers are still out there trying to find a home.  There is not as many offers as before.  Still multiple offers, but not as many.

Closed listings of single family homes was up.  249 this week compared to 205 the week before.  This should increase as we head into the end of the month when most buyers want to close.

Fox Valley Real Estate Market Update Week 37

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

Aurora-New 28 $134,900-$469,000

            Closed-39 $155,000-$510,000

Batavia-New 3 $284,900-$635,000

             Closed-10 $239,900-$690,000

Bolingbrook-New 20 $224,900-$450,000

                    Closed-16 $100,000-$467,000

Geneva-New 5 $220,000-$889,000

             Closed-10$260,000-$510,000

Montgomery-New 4 $225,000-$369,999

                     Closed-11 $190,000-$390,000

Naperville-New 38 $269,900-$6,990,000

                 Closed-25 $335,000-$1,409,945

Oswego-New 11 $320,000-$489,900

             Closed-12 $280,500-$495,000

Plainfield-New 22 $199,500-$575,000

                Closed-38 $181,000-$611,000

St Charles-New 15 $149,500-$1,250,000

                  Closed-17 $275,000-$995,000

West Chicago-New 6 $240,000-$565,000

                       Closed-15 $190,000-$555,000

Yorkville-New 12 $249,000-$449,900

               Closed-13 $185,000-$490,000

Financing, median prices and 2,000 sf or more

Median list price this week $350,000, last week it was also $350,000.

Closed median price this week $335,000, last week $340,000. So we are starting to see prices stabilizing or coming down a little bit.

Fox Valley Real Estate Market Update Week 37-Stats 091821
Median list and closed price

Conventional financing chosen this week 183, last week 161.

Cash was chosen this week 21, last week also 21

Fox Valley Real Estate Market Update Week 37-Conventional and Cash 091821
Conventional and Cash

FHA was chosen this week 39, last week 20.

VA was chosen this week 6, last week 3.

Fox Valley Real Estate Market Update Week 37-FHA and VA 091821
FHA and VA

People looking for a home that is 2,000 square feet or more this week 136 homes out of 249 with median price of $409,500 and minimum price $218,000.  This gives you an idea of the size of home and price range for the area in the Fox Valley.

Fox Valley Real Estate Market Update Week 37-2000 or more square feet
Homes 2,000 SF or more

Contracts accepted this week

Contracts accepted this week on single family homes by seller’s was up.  268 this week compared to 207 the week before.  It is still a good time to sell.  Buyers are still out there hoping for homes to come on the market.

Fox Valley Real Estate Market Update Week 37-Contracts accepted this week

Look at the communities seller’s accepted the most contracts:

Aurora-45                      Batavia-10

Bolingbrook-20               Geneva-11

Montgomery-15              Naperville-42

Oswego-11                      Plainfield-36

St Charles-22                Yorkville-11

There 2 short sales accepted by seller’s this week.  Both of them were in Aurora.  Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours and 10 with 48 hours.

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

2021 by the month

Month           New     Closed    Contract accepted

January               543         649                829

February             561          604                778

March                 993         1099              1455

April                  1006          926              1387

May                   1088         1228              1289

June                  1450         1686              1671

July                    1118         1182               1210

August               1109         1203               1170

September         645           841                 726

Totals          8513     9418        10515

Closed is the most important column to look at.  These are actual numbers.  September is looking pretty good.  We still have almost 2 weeks left of the month.

Check back with us every Saturday to get the market update.  At the end of each month we will also look back at 2020 and 2019 to compare to see how this year is going.

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.

Request a home valuation if you are thinking about selling.  Give us a little information about your home and what you have recently updated.  We will let you know what it is worth is today’s market. You will be provided with a net proceeds that shows you the expenses to sell.  This will be updated once an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying?  Get all your financial information together and contact a loan officer to get pre approved.  You need to be ready before you start looking.

Resources:

Let us know what other information you are looking for. We will point you in the right direction.  If you need recommendations we will be happy to provide a few to contact when looking for loan officers, real estate attorneys and home inspectors.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 37.  Have a great week!

Fox Valley real estate market update week 37-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 36

Fox Valley Real Estate Market Update Week 36-Cover

Fox Valley real estate market update week 36.  New listings of single family homes were up.  239 this week compared to 204 the week before.  Inventory o f homes continues to be a challenge.  Now that school is back in session there was a slow down.  Hopefully now things will get back to normal and more listings will come on the market.

Closed listings of single family homes were also down.  205 this week compared to 387 the week before.  This is to be expected at the beginning of the month.  It will increase as we head into the end of the month when most buyers want to close.

Fox Valley Real Estate Market Update Week 36

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

Aurora-New 31 $89,900-$485,000

             Closed-37 $164,000-$682,500

Batavia-New 12 $170,000-$579,000

             Closed-7 $250,000-$415,000

Bolingbrook-New 17 $219,000-$455,000

                    Closed-19 $240,000-$495,000

Geneva-New 9 $298,000-$600,000

             Closed-13 $205,000-$635,500

Montgomery-New 11 $164,900-$329,900

                     Closed-8 $122,000-$316,000

Naperville-New 46 $249,000-$2,490,000

                  Closed-28 $280,000-$1,470,000

Oswego-New 12 $255,000-$499,900

              Closed-8 $305,000-$675,000

Plainfield-New 26 $219,900-$799,000

                 Closed-30 $250,000-$575,000

St Charles-New 18 $259,900-$1,895,000

                  Closed-14 $190,000-$2,400,000

Yorkville-New 11 $259,900-$949,000

                Closed-6 $260,000-$340,000

You can see the other communities by clicking on the picture above.

Financing, median price and 2,000 or more square feet

Median list price this week $350,000, last week also $350,000.  Closed median price this week $340,000, last week $345,000.  This is the second week with a decrease.

Fox Valley Real Estate Market Update Week 36-Stats 091121
Median list and closed price this week

 

 

Out of 205 closed single family homes 161 of them used Conventional financing.  21 of them were Cash.

Fox Valley Real Estate Market Update Week 36-Conventional and Cash 091121
Conventional and Cash

20 of the closed single family homes chose FHA financing, and 3 chose VA financing.

Fox Valley Real Estate Market Update Week 36-FHA and VA 091121
FHA and VA financing

127 of them were 2,000 square feet or more this week with a median closed price of $410,000.  Minimum closed price was $191,000.  So if you are looking for a home with this square feet or more, this is the price range for this week.

Fox Valley Real Estate Market Update Week 36-2000 or more sf 091121
2,000 or more square feet

Contracts accepted this week

Contracts accepted this week on single family homes was down.  207 this week compared to 251 the week before.  buyers are still out there looking but they are having a hard time finding what they are looking for with the inventory so low.

Fox Valley Real Estate Market Update Week 36-Contracts accepted this week

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

Aurora-32                                  Bolingbrook-13

Montgomery-13                          Naperville-34

Oswego-10                                 Plainfield-28

St Charles-13

There was 1 short sales accepted this week and it was in Warrenville.  Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 7 with 48 hours, and 3 with 24 hours.

Also, seller’s 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 5 with 48 hours.

2021 by the month

Month        New     Closed     Contracts accepted

January          543            649                    829

February        561             604                   778

March            993            1099                 1455

April             1006             926                 1387

May              1088            1288                 1289

June             1450            1686                 1671

July              1118             1182                  1210

August          1109            1203                  1170

September    443              592                   458

Totals          8311            9229                10247

 June was the best month so far for closings.  Buyer’s could get moved in and enjoy the summer in their new home.  Now would be a good time to get moved in before winter and the holidays.  Homes continue to sell all year.

Check back with us every Saturday.  At the end of the month we compare this year to 2020 and 2019 so you can see how things are going.

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.

Request a home valuation if you are thinking about selling your home.  Tell us a little bit about your home and what has been recently updated.  We will provide you with a net proceeds that shows you 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.

Are you thinking about buying a home?  The first thing you need to do is get all your financial information together and contact a loan officer.  You will need to email or drop off copies of all your financial documents so they can put you through underwriting to get pre approved.  Just calling them and telling them your information is not good enough anymore.  You need to get pre approved so when you find a home you are ready to submit an offer.

When you start the process of looking at homes, you need to be ready to go look when a home hits the market.  If you wait for the weekend it might be gone already.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s, and home inspector’s we would be happy to provide you with a few of each to contact.  You can decide who you want to work with.

All data used is from our MLS MRED, LLC.

As we look back on 20 years since 9/11/01, take a moment to reflect on all the lives lost that day.  We will never forget!

Fox Valley real estate market update week 36.  Have a great week!

Fox Valley real estate market update week 36-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

Fox Valley Real Estate Market Update week 35

Fox Valley Real Estate Market Update Week 35-Cover

Fox Valley real estate market update week 35.  New listings of single family homes are down.  204 this week compared to 221 the week before.  We are not going in the right direction.  Things usually slow down when school starts, but then it starts back up again.

Closed listings of single family homes are up.  387 this week compared to 273 the week before.  Most of these were probably closed on Monday and Tuesday the last 2 days of the month of August.  Most buyers like to close at the end of the month so they can bring less to closings.

Fox Valley Market Update Week 35

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

Aurora-New 22 $169,000-$599,000

             Closed-61 $106,000-$705,000

Batavia-New 6 $114,900-$469,900

             Closed-12 $229,000-$580,000

Bolingbrook-New 13 $220,000-$614,900

                    Closed-28 $157,000-$490,000

Geneva-New 7 $285,000-$995,000

             Closed-13 $264,500-$465,000

Montgomery-New 12 $214,900-$375,000

                     Closed-17 $200,000-$365,000

Naperville-New 46 $275,000-$3,600,000

                  Clsoed-64 $280,000-$2,250,000

Oswego-New 11 $264,900-$675,000

              Closed-17 $225,000-$640,000

Plainfield-New 24 $249,000-$599,900

                Closed-57 $255,000-$525,000

St Charles-New 18 $159,000-$1,345,000

                   Closed-27 $187,250-$1,395,000

Yorkville-New 8 $259,900-$589,900

                Closed-19 $230,000-$739,900

Financing, median price, and 2,000 or more square feet

Median list price this week $350,000, last week $355,000.  Closed median price this week $345,000, last week $355,000.  A slight change from the week before.  Nothing too drastic.

Fox Valley Real Estate Market update week 35-Stats 090421
Median prices this week

Homes closed using conventional financing this week 281, last week 199. Closed this week using Cash 34, last week 33.  This is out of 387 closed this week.  Conventional is still the what most seller’s are looking for.

Fox Valley Real Estate Market Update Week 35- Conventional and Cash 090421
Conventional and Cash

FHA this week 46, last week 34.  VA this week 25, last week 7.  It is great to see more of FHA and VA getting accepted and closed.  They have really struggled to get through earlier this year.  So many of those buyers gave up.  So I hope they will start looking again.

Fox Valley Real Estate Market Update Week 35-FHA and VA 090421
FHA and VA Financing

Out of 387 closed this week 237 of them were 2,000 square feet or more.  The median closed price was $420,000 this week, last week it was $423,550.  Not much difference there.  Minimum closed price was $140,000 this week with list price of $150,000.  This gives you an idea of what 2,000 square feet or more costs you here in the Fox Valley area of Illinois.

Fox Valley Real Estate Market Update Week 35-2000 sf or more 090421
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down.  251 this week compared to 286 the week before.  The market should pick back up again after the Labor Day weekend.

Fox Valley Real Estate Market Update Week 35-Contacts accepted this week
Contracts accepted this week

Look at the communities seller’s accepted the most contracts:

Aurora-43                             Bolingbrook-26

Montgomery-12                     Naperville-26

Plainfield-30                         St Charles-15

West Chicago-12                   Yorkville-16

1 short sale was accepted this week.  It was in Plainfield.  Now it will be submitted to the lender to see if they will also accept it.  Most homeowners that are having trouble paying their mortgage can sell without doing a short sale.  The prices have increased enough that most of them can sell and might even get some money at closing to move.

Seller’s have accepted contracts that are contingent on the buyer closing on their current home.  7 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s have accepted contracts that are contingent on the buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

2021 by the month

Month              New     Closed     Contracts accepted

January                    543            649                 829

February                   561            604                 778

March                       993          1099                1455

April                        1006            926                1387

May                         1088           1228                1289

June                        1450           1686                1671

July                          1118            1182                1210

August                     1109            1203                1170

September                204             387                  251

Totals               8072          8964               10040

Single family homes have been selling.  It has been a good year with a very tight market so far.  Check back with us every Saturday for the real estate market update.  At the end of each month we take a look back at 2020 and 2019 as well so you can see how things have been 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.

Request a home valuation if you are thinking about selling.  Give us a little information about your home and what has been recently updated.  We will provide you with a net proceeds that shows you 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.

Are you thinking about buying this year?  You need to get with a loan officer and get all your financial information to them so they can get you pre approved.  Seller’s today want to see more than just calling up a loan officer and talking to them on the phone,  They want to know that the loan officer has seen all your information and ran the credit check and put it through underwriting.  It also will make it much faster when you find a home to get the loan approved.

Resources:

If you need recommendations for loan officers, real estate attorneys or home inspectors we can send you a few to contact and you can decide who you want to work with.

Fox Valley real estate market update week 35.  Happy Labor Day weekend!  Enjoy and be safe.

Fox Valley real estate market update week 35-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 6038

630-503-6555 ext 101

 

 

 

Market update Fox Valley week 28

Market update Fox Valley week 28Market update Fox Valley week 28.  The market is still hot!  New listings of single family homes were up 12.59%.  313 this week compared to 278 the week before.  If more home were on the market it would be even hotter.  Inventory is so low.  Now is the time to sell.  Covid-19 has not slowed down the market.  I think it has increased the market.  Buyers are looking for a home with office space and more room with a bigger yard.

Closed single family homes were down 45.92%.  199 this week compared to 368 the week before.  This is the first full week of July so this is to be expected.  Most buyer’s want to close at the end of the month.

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

Aurora-New 37 $132,900-$582,000

            Closed-28 $116,800-$483,000

Bolingbrook-New 13 $199,900-$389,900

                     Closed-16 $144,000-$498,030

Geneva-New 12 $265,000-$1,495,000

             Closed-8 $295,000-$422,000

Montgomery-New 15 $144,000-$301,900

                     Closed-12 $180,000-$296,900

Naperville-New 59 $300,000-$1,350,000

                 Closed-28 $282,000-$755,000

North Aurora-New 10 $249,999-$429,900

                       Closed-4 $266,000-$335,982

Oswego-New 17 $259,900-$450,000

              Closed-11 $229,000-$520,000

Plainfield-New 38 $209,000-$795,000

                Closed-23 $160,000-$540,000

Plano-New 10 $179,000-$349,000

          Closed-6 $183,000-$225,000

St Charles/Campton Hills-

           New-31 $150,000-$2,195,000

           Closed-10 $165,500-$800,000

Sugar Grove-New 10 $225,000-$849,900

                     Closed-2 $264,000-$275,000

Yorkville-New 19 $195,000-$339,900

              Closed-11 $197,500-$447,500

Contracts accepted this week

Market update Fox Valley week 28-Contracts accepted this week

Contracts accepted this week were down 12.56%.  341 this week compared to 390 the week before.  This is due to low inventory.  If there were more homes on the market these numbers would go up.  During the week of the 4th new listings were down.  Hopefully more homes will come on the market now that we are past the holiday.  We hope they spent the week getting their home ready for market.

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

Aurora-37                                    Bolingbrook-16

Elburn-11                                     Geneva-10

Montgomery-12                           Naperville-70

Oswego-18                                   Plainfield-46

St Charles/Campton Hills-29        West Chicago-16

Yorkville-15

Only 1 short sale was accepted by seller’s this week.  It was a home in Sandwich.  Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  14 with a kick-out clause of 72 hours, 16 with 48 hours and 5 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.  There was 1 that did not have information other than it was contingent on the sale and close of the buyer’s home.

2020 by the month

Month                            New   Closed   Contracts accepted

Janauary                     1,105      566             858

February                     1,267      529          1,024

March                        1,186       707          1,079

April                             648       786              775

May                           1,352   1,010           1,444

June                          1,232       908           1,534

July                              591       567              731

Totals                        7,381    5,073           7,445

Check back with us every Saturday for the market update Fox Valley.  At the end of each month we will also compare to 2019 and 2018 so you can see the changes over the current year with the other 2 years.

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?  Now is the best time!  If you are concerned about showing your home there is options.  There is virtual showings with video or a photographer can do a 3D scan of your home.  Would you like to see an example of that just let us know.  You can set the instructions for showings.  We can update the current value of your home and 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.

Are you wanting to buy a home?  Your first step is to talk to a loan officer that will tell you the price range and the type of loan that will work out best for your situation.  They will give you a letter showing what you qualify for that will go with an offer when you find the right home.

Check out some great resources:

We are here to guide you through the process from beginning until you get to closing.

Market update Fox Valley week 28.  Have a great week!

Market update Fox Valley week 28Kristine 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

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

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