Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022.  This is the 2nd full week of 2022.  The real estate market is off to a slow start with new listings.  94 this week compared to 106 the previous week.

Closed listings this week are staying consistent.  127 this week compared to 122 the previous week.

January and February are usually slower months.  It is a great time to list your home now if timing is not an issue.  You can get ahead of the spring market.  Buyers are still out there waiting for something to come on the market.

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

Aurora-New 14 $194,500-$679,000

            Closed-14 $80,000-$515,000

Naperville-New 19 $379,900-$1,499,500

                 Closed-20 $205,000-$1,333,000

Plainfield-New 8 $289,900-$585,658

                Closed-13 $285,000-$520,000

St Charles-New 8 $179,900-$707,000

                  Closed-15 $150,000-$1,052,500

Financing used, median prices and 2,000 or more square feet

The median list price of single family homes this week was $350,000, last week $362,500.

Closed median price this week was $331,000, last week $367,500.

Stats January 15 2022
Stats January 15 2022

Conventional financing is still the most used or accepted by seller’s.  90 this week with a median price of $365,000, last week 83 at $408,000 median price.

Cash was used for 18 homes to close this week with a median price of $282,500, last week 17 at $355,000 median price.

Conventional and Cash used January 15 2022
Conventional and Cash used January 15 2022

FHA was used for 18 homes to close at a median price of $258,500 this week, last week 14 closed with $270,500 median price.

VA financing was used to close 1 home at a price of $432,990 this week, last week 6 homes closed at $344,495 median price.

FHA and VA financing used January 15 2022
FHA and VA financing used January 15 2022

Buyers looking for a single family home that is at least 2,000 or more square feet closed on 70 homes at a median price of $434,000 this week, last week they closed on 76 homes at a median price of $465,750.

The minimum price for 2,000 square feet or more closed this week at a price of $235,000, last week $240,000.

2000 Square feet or more January 15 2022
2000 Square feet or more January 15 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          200         249               282

Check back with us every Saturday.  At the end of each month we will compare to 2021 and 2020 so you can see how the market is doing.

Contracts accepted this week

Fox Valley home prices January 15 2022-Contracts accepted this week

Contracts accepted this week on single family homes was up.  172 this week compared to 110 the previous week.  Buyers are out there waiting for homes to come on the market.  So many of them were in multiple offer situations on homes that were not chosen and are still looking.  No need to wait to put your home on the market.

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

Aurora-29                   Bolingbrook-15

Naperville-19              Plainfield-27

St Charles-10

These communities are consistently on this list every week.

No short sales were accepted by seller’s this week.

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

If you need me to explain what this means just give me a call and I will be happy to explain it to you.

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.

Do you need help with a divorce situation or an estate? If you want to know what your next steps are call us and we will explain the process.  Of course you will also need to contact a real estate attorney.  

Request a home valuation to see what your home is worth in today’s market.  We will also give you an estimate of what your expenses might be to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Plan ahead!  Contact a loan officer and get them all your financial information so they can get you pre approved. Then you will be ready to start looking.

Resources:

Types of homes and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan office to see what interest rate you qualify for with your credit score.  If you need to bring your score up to get a better rate they can help you.  Ask them if they offer any assistance.

All data used is from our MLS MRED, LLC.

If you would like to be set up to receive listings let us know what area you are looking for, the price range, and how many bedrooms you need.  Any other things that you are looking for that you would like in your search.  You have choices to get the information as it hits the market or you can choose to receive it at certain times of the day. 

We want to make the home buying or selling process as good of an experience as we can.  We have had years of experience and stay on top of things.

Fox Valley homes prices January 15 2022.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kriss New profile for FB 123121

Fox Valley real estate market update October 16 2021

Fox Valley Real Estate Market Update October 16 2021-Cover

Fox Valley real estate market update October 16 2021.  New listings of single family homes are down.  171 this week compared to 205 the week before.   This is getting so extremely low.  This covers 2 counties Kane and Kendall.

Closed listings of single family homes are also down.  208 this week compared to 228 the week before.  We are half way through the month.  This should increase in the next 2 weeks as we get closer to the end of the month.

Fox Valley real estate market update October 16 2021

Aurora-New 23 $194,500-$775,000

            Closed-25 $158,000-$1,075,000

Bolingbrook-New 11 $204,000-$425,000

                   Closed-17 $180,000-$610.,000

Montgomery-New 4 $239,900-$389,999

                     Closed-15 $220,000-$345,900

Naperville-New 34 $310,000-$1,500,000

                 Closed-29 $280,000-$1,300,000

Oswego-New 12 $250,000-$659,000

             Closed-11 $205,000-$442,500

Plainfield-New 20 $279,900-$510,000

                Closed-28 $189,500-$590,000

St Charles-New 13 $225,000-$965,000

                  Closed-15 $270,000-$950,000

West Chicago-New 5 $235,000-$400,000

                       Closed-13 $199,900-$652,000

Aurora saw it’s first home closed over 1 million dollars this week for the year.  It was in Stonebridge subdivision.  Some communities we have seen this often, and others have not see one yet.

Financing, median prices and homes 2,000 square feet or more

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

Closed median price this week $341,000, last week it was $355,000.

Fox Valley real estate market update October 16 2021-Stats
Stats this week

Conventional financing  was used on closed homes this week 131 at a median price of $376,077, last week 154 at $393,125.

Cash homes closed this week 27 at median price of $324,900, last week 28 at $259,000

Fox Valley real estate market update October 16 2021-Conv and Cash
Conventional and Cash

FHA homes closed this week 35 at median price of $282,000, last week 33 at $280,000.

VA homes closed this week 15 at median price of $349,000, last week 11 at $340,000.

Fox Valley real estate market update October 16 2021- FHA and VA
FHA and VA financing

Homes closed with 2,000 square feet or more this week 123 at a median price of $409,000, last week 131 at $420,000.  Minimum price was $205,000 this week, last week $216,000.

This gives you an idea of what seller’s are accepting for financing, what types are used and the price ranges.  If you are looking for a home with 2,000 square feet or more this gives you an idea of what you will have to spend to get that in the Fox Valley.

Fox Valley real estate market update contracts accepted this week

Contracts accepted this week on single family homes was down.  233 this week compared to 256 the week before.    New listings have declined so this is to be expected.  This does not mean there are less buyers out there.  We need more listings!

Fox Valley real estate market update OCtober 16 2021-Contracts accepted this week

Aurora–35                        Bolingbrook-23

Geneva-12                          Montgomery-14

Naperville-34                     Oswego-18

Plainfield-27                       St Charles-21

1 short sale was accepted by a seller this week on a single family home.  It was in Aurora.  Now it will be submitted to the lender to see if they will also accept.  Prices are rising because of low inventory so a lot of sellers can sell without having to sell short.  Some even walk away with money to help them move. 

It is a good idea to find out what your home is worth right now.  You might be able to sell too.

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

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

Fox Valley real estate market update 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  1083             1411                   1251

October        376              436                   489

Totals      9327      10484          11529

Sales of single family homes have been good this year despite the pandemic and a very tight market of listings.  The demand for housing is not diminishing.

Check back with us every Saturday to see the 2021 by the month.  At the end of each month we will also look back at 2020 and 2019 so you can compare how the market is improving.

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.

Getting a contract on a home is not the hard part.  There are so many things to get through to get to closing.  You want someone that will stay on top of things and overcome any obstacles that might pop up so you get to closing.

Appraisals are one of those obstacles that are happening right now.  Prices are rising, but you need to find comparable properties to show the lender that it is worth that price.  If the appraisal comes in low you will have to renegotiate or the buyer will need to bring into closing the difference in cash besides the rest of the closing costs.

Request a home valuation if you are thinking about selling your home.  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 step is to gather all your financial information and get it to a loan officer so they can get you pre approved.  They will provide you with a letter that will go with an offer when you find a home.  This shows the seller that you qualify for their home.  Just talking to a loan officer and giving them your information is not good enough anymore.  You need to go through the extra step of getting them all your financial information.

Resources:

You can also check different sites for current interest rates.  If you have a loan officer they can keep you up to date with the rates that they offer and any incentives they might have.

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

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update October 16 2021.  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 October 16 2021-Kristine Heiman Managing Broker

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

 

 

 

How many homes closed 2,000 square feet or more week 34

How many homes closed 2,000 square feet or more week 34-Cover

How many homes closed 2,000 square feet or more week 34.  This is one way to search homes that you are looking for if you know less than 2,000 square feet will not work for you.  We will let you know how this week went shortly.

New listings of single family homes was down this week.  221 this week compared to 256 the week before.  So many people are getting the kids in school this past week.  It is a big adjustment especially for the kids that did not attend in-person school last year.  Hopefully things will settle down and get back to thinking about housing.

Closed listings of single family homes were also down.  273 this week compared to 299 the week before.  This is the last full week of the month.  Monday and Tuesday the last days of the month.  We are back to scheduling things around school.  During last year with the pandemic, and kids not attending in-person classes, people were not worrying about the school schedule.

How many homes closed 2,000 square feet or more week 34

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

Aurora-New 33 $167,500-$690,000

            Closed-43 $90,000-$451,500

Bolingbrook-New 17 $195,000-$415,000

                   Closed-19 $198,000-$544,000

Geneva-New 5 $349,900-$474,000

            Closed-11 $295,000-$680,000

Montgomery-New 8 $212,000-$300,000

                     Closed-10 $217,000-$376,000

Naperville-New 37 $285,000-$1,300,000

                 Closed-52 $245,000-$1,750,000

Oswego-New 11 $249,000-$549,000

             Closed-15 $250,000-$435,900

Plainfield-New 31 $249,000-$774,400

                Closed-40 $180,000-$630,000

St Charles-New 13 $265,000-$990,000

                  Closed-22 $205,000-$990,000

Yorkville-New 12 $219,900-$515,000

               Closed-10 $209,000-$430,000

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

Median list price this week $355,000, same as the week before.  Closed median price this week $355,000, last week $359,900.  Prices are not changing that much right now.

How many homes closed 2,000 square feet or more week 34-Stats 082821
Median prices this week

Homes closed using Conventional Financing this week 199, last week 218. Cash homes that closed this week 33, last week 24.

How many homes closed 2,000 square feet or more week 34-Conv and cash 092821
Conventional and Cash financing

Homes closed using FHA financing this week 34, last week 47.  VA financing this week 7, last week 10

How many homes closed 2,000 square feet or more week 34-FHA and VA 082821

Out of 273 homes that closed this week 166 of them were 2,000 square feet or more with a median closed price of $423,550, and list price $419,900.   The minimum closed price $207,000 with minimum list price $199,900.  This gives you an idea of what 2,000 square feet costs you here in the Fox Valley area of Illinois.

How many homes closed 2,000 square feet or more week 34-2,000 square feet or more 082821
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down.  286 this week compared to 300 the week before.  Hopefully after the adjustment of getting back in the routine of school things will go back to normal.  The market is not down that much.

How many homes closed 2,000 square feet or more week 34-Contracts accepted this week

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

Aurora-49                            Bolingbrook-21

Geneva-10                            Montgomery-16

Naperville-35                       Oswego-13

Plainfield-46                        St Charles-19

Sycamore-10                        West Chicago-14

Yorkville-12

No short sales were accepted this week.

Seller’s accepted contracts that are contingent on the buyer to close on their current home.  7 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.  1 with a kick-out clause of 48 hours.

2021 by the month and a look back at 2020 and 2019

2021

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  

Totals                     7868          8577                  9789

2020

January                     1105            566                     858

February                   1267            529                   1024

March                        1186            707                   1079

April                           648            786                     775

May                           1352           1010                    1444

June                          1232            908                    1534

July                           1417           1453                    1852

August                      1037           1335                    1436

Totals                9244           7294                  10002

2019

Month            

January                     878              407                     568

February                  1032              463                     832

March                      1731               915                    1375

April                        1594              792                    1307

May                         1645              995                    1280

June                        1643            1253                     1218

July                         1423            1008                     1090

August                     1585            1330                     1196

Totals                     11531            7163                    8866

More homes have been closed this year than the previous 2 years even with a tighter market.  You can see the steady decline in new listings.  Normally, August is the best month for closings right before school starts.  This year it was June.  It has been a really hard year for buyer’s.  They have had so much competition for homes and not many to choose from.  Prices have gone up so much that some have been priced out of the market.  We hope inventory will improve.

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 before the holidays?  Request a home valuation and tell us a little bit about your home and what improvements have been recently completed.  We will provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Do you want to buy a home this year?  You need to contact a loan office that is willing to pre approve you before you find the home.  You need to get them all your financial information.  Pre-qualifying just is not enough anymore.  You need to be ready to go with a letter in hand to go with an offer.  A seller will not consider you without it.  You might also need to show proof of funds.  You can have your financial institution write a letter showing you do have the funds available for the down payment and closing costs.  That might even improve your chances if there is multiple offers.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s or home inspector’s we can give you a few of each and you can decide who you want to work with.

How many homes closed 2,000 square feet or more week 34.  Have a great week!

How many homes closed 2,000 square feet or more week 34-Kristine Heiman Designated 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

 

How many homes closed 2,000 square feet or more week 33

How many homes closed 2,000 square feet or more week 33-Cover

How many homes closed 2,000 square feet or more week 33. So many people are looking for more space.  Can they find it in the price range they are looking for?  We will get into that shortly.

New listings of single family homes were pretty consistent with the week before.  256 this week compared to 251 the week before.  We would love to see more, but consistency is good.

Closed single family homes this week were also, not far off of last week.  299 this week compared to 291 the week before.  Next week is the last full week of the month so they should increase.

How many homes closed 2,000 square feet or more week 33

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

Aurora-New 46 $145,000-$770,000

            Closed-62 $139,000-$595,000

Bolingbrook-New 16 $249,000-$899,000

                    Closed-23 $175,000-$511,000

Geneva-New 9 $268,900-$1,200,000

             Closed-12 $284,000-$766,337

Naperville-New 42 $250,000-$1,625,000

                 Closed-55 $350,000-$2,400,000

Oswego-New 16 $299,999-$449,990

              Closed-12 $211,000-$440,000

Plainfield-New 44 $224,900-$900,000

                Closed-34 $196,000-$555,000

St Charles-New 17 $209,900-$1,895,000

                  Closed-26 $175,000-$915,000

West Chicago-New 10 $295,000-$664,900

                       Closed-7 $239,000-$492,000

Financing, median list and closed price, 2,000 square feet or more closed this week

Median list price this week $355,000, last week $361,470.  Median closed price $359,900, last week $375,000.  These numbers go up and down each week, but they do not change drastically.

How many homes closed 2,000 square feet or more week 33- Stats 082121
Stats for August 21, 2021

Homes that closed using Conventional this week 218, last week 221.  Cash this week 24, last week 33.

How many homes closed 2,000 square feet or more week 33-Conventional and cash
Conventional and Cash

Closed homes using FHA financing this week 47, last week 26.  VA this week 10, last week 9.

How many homes closed 2,000 square feet or more week 33-FHA and VA
FHA and VA financing

Seller’s are still choosing Conventional financing over anything else.  I am encouraged to see FHA numbers going up.  Some buyer’s that have to go FHA have given up.  They are tired of losing out to buyer’s using Conventional financing with multiple offer situations.

Out of 299 homes that closed this week 191 of them were 2,000 square feet or more.  Median list price is $425,000, closed price is $420,000.  Minimum list price $220,000, closed price $242,000.  So many people are looking for more space since the pandemic.  This gives you an idea of what price that will cost you.  If you are below this price it will be hard to find.  You might need to adjust the criteria for the home you are looking for.

How many homes closed 2,000 square feet or more week 33-2000 sf 082121
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week on single family home were consistent.  300 this week compared to 303 the week before.  The market is staying steady.  There might not be as many offers with multiple offer situations, but buyer’s are still out there looking.

Home many homes closed 2,00 square feet or more week 33-contracts accepted this week

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

Aurora-51                          Batavia-10

Bolingbrook-24                  Montgomery-13

Naperville-33                    Oswego-10

Plainfield-37                     St Charles-26

Sycamore-10                     West Chicago-11

Winfield-14                       Yorkville-11

There were no short sales accepted by seller’s this week.  Most people that are in a bind, and need to sell do not have to go through the short sale process with the prices that have increased.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours, 4 with 48 hours and 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, 8 with 48 hours and 2 with 24 hours.

There was 1 that did not have a kick-out clause that they marked.  So we don’t know about that one.

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                   887            930                    884

Totals                  7646          8304                  9503

We started out the year with closings from 2020.  They received a contract in 2020 but did not close until 2021.  That is why the closed column is more than the new listings.  You can see it has been a really tight market.  Normally you would see more new listings than closings.

It still remains a seller’s market.  There might be fewer offers with multiple offer situations, but there are still a lot of buyer’s out there ready to go.

There has been an extreme shortage of housing across the country.  Some new homes have been built in our area that have helped.

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 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.

Are you thinking about buying a home?  You need to get ready first by contacting a loan officer and getting them all your financial information.  You need to get pre approved with this market.  Just calling and talking to a loan officer to get pre-qualified is not enough anymore.  You need to show the seller’s that you have taken this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we can give a few of each and you can decide who you want to work with.  Just let us know.

All data used is from our MLS that we use MRED, LLC.

How many homes closed 2,000 square feet or more week 33.  Have a great week!

How many homes closed 2,000 square feet or more week 33-Kristine Heiman Designated 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

How many FHA deals closed in week 31

How many FHA deals closed in week 31-Cover

How many FHA deals closed in week 31?  Some are getting accepted. Not as many as other types of loans.  We will go into more detail in a little bit.

First we will start out with new and closed listings this week and what communities are seeing the most activity.

New listings of single family homes was pretty consistent.  264 this week compared to 265 the week before.  That is pretty consistent!

Closing listings of single family homes was down.  340 this week compared to 365 the week before.  This is still pretty good for the first full week of the month.  Usually it drops down.  Most buyer’s want to close at the end of the month

How many FHA deals closed in week 31

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

Aurora-New 52 $118,000-$479,000

            Closed-45 $90,000-$655,000

Batavia-New 15 $185,000-$939,900

            Closed-10 $255,000-$760,000

Bolingbrook-New 15 $179,900-$515,000

                   Closed-27 $225,000-$555,000

Montgomery-New 11 $190,000-$349,900

                     Closed-17 $185,000-$340,000

Naperville-New 29 $280,000-$1,550,000

                 Closed-73 $282,000-$2,125,000

North Aurora-New 5 $249,900-$424,990

                       Closed-13 $270,000-$493,000

Oswego-New 15 $289,000-$719,900

             Closed-14 $241,000-$623,455

Plainfield-New 36 $174,900-$551,106

                Closed-42 $230,000-$565,000

St Charles-New 18 $159,900-$820,000

                  Closed-23 $150,000-$990,000

West Chicago-New 13 $189,900-$575,000

                      Closed-7 $305,000-$640,000

Yorkville-New 12 $199,900-$739,900

               Closed-14 $230,000-$420,000

Financing and median list and closed price

So many buyer’s out there are having a hard time getting their FHA offers accepted.  Some are getting through.  We will show you how many Conventional, Cash, FHA and VA deals closed.   We will start out showing you the median list and closed price.

The median list price this week is $350,000, and last week it was $373,700.

Closed median price this week is $365,000, and last week it was $390,000.

The median list and closed prices have been fluctuating up and down each week, but have stayed in the same range.

How many FHA deals closed in week 31-Stats 080721
Median List and Closed Price

Conventional deals closed this week 248, and last week 281.

Cash deals closed this week 39, and last week 38.

Conventional was down, but cash stayed consistent.

How many FHA deals closed in week 31-Conv and Cash 080721
Conventional and Cash

FHA deals closed this week 41, and last week 38.

VA deals closed this week 12, and last week 8.

FHA was up slightly, and VA  was slightly down.  A lot of first-time buyer’s are going with FHA financing, and they are having a hard time especially with multiple offer situations.  Hopefully they will get a break soon.

How many FHA deals closed in week 31-FHA and VA 080721
FHA and VA

 

Contracts accepted this week

Contracts accepted this week were down.  281 this week compared to 297 the week before.  We don’t know what type of financing was chosen until they close.

How many FHa deals closed in week 31-Contracts accepted this week

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

Aurora-45                                Bolingbrook-19

Montgomery-14                        Naperville-35

Oswego-14                               Plainfield-51

St Charles-14                          Sycamore-10

West Chicago-10                     Yorkville-13

1 short sale was accepted buy a seller in St Charles.  It will now be submitted to the lender to see if they will also accept.  With the prices increasing not too many people have to sell for less than what they owe.  This is a great time, if you are in a bind, to sell.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 8 with 48 hours.

Also, seller’s 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 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                   264             340                   281

Totals                  7023           7714                 8900

The numbers are so tight.  We started out the year with more closed then new listings, but normally the new listings would have a bigger gap between them and closed.  The contracts accepted is higher, because some homes that get a contract accepted come back on the market because of home inspection or attorney review issues.  Some appraisals are coming in lower than the contract price and it can’t go through without seller dropping price or buyer coming in with the difference in cash.

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.

It is still a seller’s market so if you are thinking about selling, request a home valuation.  We will let you know what it is worth in today’s market.  Provide you with a net proceeds that shows you the expenses to sell so you can see what you have to work with.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  You need to get in touch with a loan officer to get pre approved.  Get them all our financial information so they can get you through the pre approval process.  Just getting a pre-qualification is just not good enough anymore with most homes having multiple offers.  You need to be ready to go look as soon as a home hits the market and ready to write an offer.  They go fast.

Resources:

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

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

How many FHA deals closed in week 31.  Have a great week!

How many FHA deals closed in week 31-Kristine Heiman, Designated 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

 

 

 

 

 

Market update Fox Valley week 53

Market update Fox Valley week 53.  Yes week 53.  When a leap year and the first day of the year is a Wednesday we have 53 weeks in the year according to timeanddate.com.   Most of the business days this week were in 2020.

New listings of single family homes were up this week.  73 this week compared to 63 the week before.  Not too bad for in between 2 holidays.

Closed listings this week of single family homes were also slightly up.  178 this week compared to 163 the week before.

Market update Fox Valley week 53

 

 

 

 

 

 

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

Aurora-New 11 $124,900-$325,000

            Closed-31 $138,000-$620,000

Bolingbrook-New 6 $195,000-$364,000

                     Closed-11 $199,000-$560,000

Naperville-New 8 $272,900-$879,000

                 Closed-28 $265,000-$3,400,000

Plainfield-New 13 $194,888-$464,900

                Closed-27 $165,000-$549,999

St Charles/Campton Hills-

                New 6 $332,500-$1,275,000

                Closed-14 $191,000-$775,000

These are the communities that perform higher than most week after week throughout the year.

Contracts accepted this week

We saw a very nice increase in contracts accepted this week by sellers.  120 this week compared to 93 the week before.

Market update Fox Valley week 53-Contracts accepted this week

 

 

 

 

 

 

Buyers did not sit on the sidelines between the holidays.  2021 is expected to be more of the same as 2020.  We are hoping for more inventory so buyers have more to choose from.

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

Aurora-25                             Naperville-24

Plainfield-14                         St Charles/Campton Hills-10

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

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

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

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

2020

Month                         New     Closed     Contracts accepted

January                     1105       566               858

February                   1267       529             1024

March                       1186       707             1079

April                            648      786                775

May                          1352    1010              1444

June                         1232       908              1534

July                          1417     1453              1852

August                     1037     1335              1436

September               1176     1503              1503

October                     843     1116               1159

November                 567        985                 699

December                 513        971                 783

Totals                   12343   11869             14146

2019

January                    878        407                 568

February                1032        463                 832

March                    1731        915              1375

April                      1594        792              1307

May                       1645        995              1280

June                       1643     1253              1218

July                        1423     1008              1090

August                   1585     1330              1196

September             1164       765                 869

October                 1041       738                 776

November                897       946                 839

December                496       638                 497

Totals                  15129   10250            11847

2018

January                   808       489                 606

February               1040       444                 856

March                   1549       907              1564

April                     1515       836              1278

May                      1569    1066               1344

June                      1828    1720               1474

July                       1318      994                1061

August                  1294    1032                  989

September            1479    1093               1078

October                1042      712                  748

November               729      739                  653

December               665      762                  602

Totals                 14836  10794             12253

Of the 3 years 2020 was the best for closed listings of single family homes.  Closed listings is the most important column to look at because these are actual numbers. 

New listing and contracts accepted both can end up listed more than once.  Sometimes agents after a couple months add them as a new listing again.  Lately not too many properties stay on the market that long though.  Listings of homes that seller accepts a contract sometimes do not make it past the home inspection and attorney review period.

Even though new listings might of been counted more than once, 2020 had the least amount of new listings with the most closed homes.  That is why prices are rising the way they are.  Inventory is severely low.

2020 also saw the most contracts accepted.  Buyers are ready to go.  They are not afraid to write the offer.  They know they are up against multiple offers so they are writing their best offer right away.

The lowest month for closed listing in 2020 was 529 in February and it was higher than the lowest month in the previous 2 years.

2018 saw the highest amount of closed listings in June and it was highest of the 3 years.  August was the highest amount of closed in 2019 but it was below the highest month of 2020 that was in September.  Most years you see the highest amount during the summer months and before school starts.  This year with e-learning you can see that the market was extended until October

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 in 2021?  Request a home valuation so we can let you know what your home is worth in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are wanting to buy a home in 2021 you need to get some items together and contact a loan officer. They will want a couple of years of tax returns, pay stubs, bank statements, credit card information, car payments and any other monthly payments you have.  Once they go over your credit information they will give you a letter that shows you what type of loan will work out best for you and what price.  This letter will go with an offer when you find a home.  It needs to be updated if it is older than 30 days.

Check out some great resources that might help you:

If you are looking for any other information let us know and we will point you in the right direction.  We can make recommendations for loan officers, real estate attorneys and home inspectors we have successfully worked with in the past.

Market update Fox Valley week 53.  Happy New Year!  Have a great week.

Market update Fox Valley week 53Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101