Market update Fox Valley week 37

Market update Fox Valley Week 37 Market update Fox Valley week 37.  New listings were down 16.86% this week.  212 new single family homes listed this week compared to 255 the week before.  So many people are getting adjusted to school starting either in person or remotely.  Hopefully this will be a better week coming up because we are definitely going in the wrong direction with new listings.

Closed listings were also down this week by 39.50%.  216 closed single family homes this week compared to 357 the week before.   It is typical to have lower numbers in the beginning of the month.  Last week Monday was the last day of the month of August and some of the others were most likely supposed to close at the end of August and were delayed.  We are seeing a lot of delays because of the lender not getting the loan processed in time.

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

Aurora-New 26 $140,000-$475,000

            Closed-31 $124,900-$457,500

Bolingbrook-New 8 $139,900-$410,000

                     Closed-13 $182,000-$352,500

Geneva-New 16 $225,000-$649,900

             Closed-14 $285,000-$650,000

Naperville-New 48 $220,000-$3,500,000

                  Closed-41 $240,000-$1,350,000

Oswego-New 10 $202,500-$439,000

              Closed-11 $201,000-$495,000

Plainfield-New 24 $159,000-$622,500

                Closed-18 $246,750-$514,704

St Charles/ Campton Hills-

                 New 17 $199,900-$799,000

                 Closed-14 $248,000-$755,000

West Chicago-New 5 $225,000-$439,108

                       Closed-11 $194,500-$575,000

Yorkville-New 9 $199,900-$2,649,000

              Closed-14 $189,000-$392,000

Contracts accepted this week

Market update Fox Valley week 37-Contracts accepted this week Contracts accepted this week on single family homes was down this week by 20.36%.  266 contracts accepted this week compared to 334 the week before.  Inventory  is extremely low.  We need a wide range of prices of homes to come on the market to meet the needs of buyers.

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

Aurora-40                             Bolingbrook-23

Geneva-10                            Minooka-11

Naperville-50                        Oswego-16

Plainfield-30                         St Charles/Campton Hills-18

Yorkville-10

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

This gives you an idea of how many buyers are out there ready to go and willing to write a contract.  Not all of these will close.  Some of them will not make it past the attorney review and home inspection.  They will be activated again.

2020 by the month

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                 467          573              600

Totals                       9711       7867          10602

Closed is the column you want to pay the most attention to.  July was the best month we have had so far this year.  Usually that is a slower month with people on vacation.  This has not been a typical year.  It has turned out way better than I expected with a pandemic going on.  I still find people that don’t pay attention to what is going on and are surprised that the market is so active.

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 know what your home is worth?  Let us update the value in today’s market.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell and what you might walk away with. Request a market analysis here.

Are you thinking about buying a home?  First thing you need to do is call a loan officer and get pre-qualified.  They will let you know the type of loan and price range that will work out best for you.  Your loan officer will give you a letter showing what you qualify for and this will go along with an offer when you find the home you like.  This needs to be kept up-to-date.  It has to be no older than 30 days.

Check out some great resources:

If you are looking for any other resources just let us know and we will be happy to point you in the right direction.

Market update Fox Valley week 37.  Have a great week!

Market update Fox Valley week 37 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

 

 

           

 

Market update Fox Valley week 36

Market update Fox Valley week 36         Market update Fox Valley week 36.  New listings of single family homes are up this week.  255 this week compared to 241 the week before.  Great news!  Any increase is very welcome.

Closed listings of single family homes were also up this week.  357 this week compared to 325 the week before.  Some of these were on the 31st of August and we are including them in this first week of September.  Most buyers do not want to close in the beginning of the month because they need to bring a whole month of interest along with other closing costs to the closing.  Some of these closings are getting pushed to the next week because of the loan not processing in time.  There is a lot of activity along with a lot of homeowners refinancing because the rates are so fantastic right now.

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

Aurora-New 24 $115,000-$465,000

            Closed-46 $105,000-$480,000

Batavia-New 12 $210,000-$609,900

             Closed-9 $212,000-$638,449

Bolingbrook-New 14 $174,900-$475,000

                     Closed-23 $185,000-$410,000

Geneva-New 11 $250,000-$675,000

             Closed-16 $238,000-$1,350,000

Montgomery-New 3 $225,000-$239,000

                      Closed-15 $177,000-$325,000

Naperville-New 55 $270,000-$1,975,000

                 Closed-60 $270,000-$1,000,000

North Aurora-New 4 $194,000-$369,000

                       Closed-12 $236,000-$445,500

Oswego-New 11 $215,000-$345,900

              Closed-13 $185,000-$380,000

Plainfield-New 32 $230,000-$648,731

                Closed-40 $150,000-$581,000

St Charles/Campton Hills-

                New 23 $185,000-$1,250,000

                Closed-36 $142,500-$1,057,000

Sycamore-New 5 $119,000-$535,000

                 Closed-10 $95,707-$485,000

West Chicago-New 5 $197,000-$278,000

                       Closed-18 $135,000-$535,000

Yorkville-New 14 $89,900-$465,000

              Closed-9 $150,000-$365,000

Are you looking for a community that consistently has high turnover or maybe a smaller community that there is rarely a home available.

Contracts accepted this week

Market update Fox Valley week 36-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week were slightly lower.  334 this week compared to 345 the week before.  There were more contracts accepted this week than new listings.  We continue to have low inventory.  This is a fantastic time to sell with little competition.

Look at the communities that sellers accepted the most contracts:

Aurora-50                             Bolingbrook-25

Geneva-16                            Montgomery-10

Naperville-53                        Oswego-20

Plainfield-47                         St Charles/Campton Hills-22

Sycamore-14                        Yorkville-10

4 short sales were accepted this week by sellers.  1 each in Naperville, Plano, West Chicago & Yorkville.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  10 with a kick-out of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  8 with a kick-out of 72 hours and 5 with 48 hours.

2020 by the month

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              255        357              334

Totals                   9499      7651         10336

July is the best month so far this year.  You need to mainly focus on the Closed column.  New listings can be misleading.  Sometimes the same listing comes up as new after a period of time if it does not sell right away.  Contracts accepted do not always close.  Sometimes they do not make it past the home inspection and attorney review period so they might go back on the market and then get another contract.  We can check on that for 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.

Thinking about selling your home?  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 the expenses to sell so you will know where you are at and what you have to work with.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  You will need to talk to a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you.  Seller’s want to know that we are showing their home to someone that qualifies for their home.

Check out some great resources:

Whether you want to buy your first home, down size or buy something larger to accommodate your needs we will guide you through the process.  If you need recommendations for loan officers, real estate attorneys or home inspector we will give you a few names and phone numbers to contact to see who you would like to work with.

Market update Fox Valley week 36.  Have a great week!

Market update Fox Valley week 36Kristine Heiman, 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 35

Market update Fox Valley week 35 Market update Fox Valley week 35.  New listings of single family homes were slightly down this week.  241 this week compared to 253 the week before.  Schools are back so that might be contributing to the lower numbers.  Hopefully they will pick up because there is still buyers looking to find a home.  The need has not been met yet.

Closed single family homes were also slightly down this week.  325 this week compared to 332 the week before.  Monday is the last day of the month and will be applied to September totals.  It might be a big day too since it is the last day of the month.

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

Aurora-New 24 $172,500-$475,000

            Closed-47 $95,000-$875,000

Batavia-New 9 $275,000-$750,000

             Closed-10 $231,000-$696,639

Bolingbrook-New 15 $188,000-$999,000

                     Closed-17 $200,000-$434,900

Geneva-New 12 $115,000-$671,500

             Closed-21 $242,899-$868,000

Montgomery-New 8 $214,000-$319,900

                      Closed-11 $141,000-$329,500

Naperville-New 58 $299,000-$2,599,000

                 Closed-53 $220,000-$1,435,000

Oswego-New 11 $135,000-$497,560

              Closed-13 $235,000-$488,000

Plainfield-New 29 $184,900-$849,900

                Closed-39 $172,500-$650,000

St Charles/Campton Hills-

                New 20 $275,000-$2,395,000

                Closed-27 $211,000-$1,200,000

West Chicago-New 6 $225,000-$950,000

                       Closed-14 $171,500-$448,000

Yorkville-New 6 $235,000-$374,900

              Closed-13 $205,000-$365,000

If you can’t find a home in the community you are looking at in your price range you might try looking at another community that might have what you are looking for.

Contract accepted this week

Market update Fox Valley week 35-Contracts accepted this weekContracts accepted this week were down by 12.  345 this week compared to 357 the week before.  These numbers would be higher with more homes to show buyers.  The ones that are on the market and priced right are going right away.  Some with multiple offers.  It is a great time to sell.

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

Aurora- 50                                    Batavia-13

Bolingbrook-21                             Geneva-15

Montgomery-19                            Naperville-52

Oswego-25                                    Plainfield-31

St Charles/Campton Hills-27         Yorkville-23

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  16 with a kick-out clause of 72 hours, 23 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  4 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

2020 by the month and compared to 2019 and 2018

Month                       New     Closed     Contract 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             1424

Totals                   9244        7294           10002

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   

Totals                 11531        7163             8866

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

Totals               10921         7488               9172

We are doing slightly better than 2019 but less than 2018 in closed single family homes.  We are way down on new listings.  Our totals for closed could be even better if we had more homes on the market.  Especially if we had a wider range of prices.

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 a great time to sell.  Even this time of year.  Buyers are still waiting for homes to come on the market.  Multiple offers are still happening on homes that are in market-ready condition and priced right.  Request a  home valuation and we will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you an estimate of expenses to sell and give you an idea of what you have to work with.  This will be updated once you get an offer and we know all the terms. 

Thinking of buying a home?  You need to be ready to go and flexible with your time and go when a home first comes on the market or you will miss out.  You need to call a loan officer and get pre-qualified and make sure you keep it up to date once they give you a letter showing what you qualify for.  It can’t be more than 30 days old.  You might find a home over the weekend and have a hard time getting in touch with your loan officer to update it so keep an eye on the dates.

Check out some great resources:

If you are having trouble paying your mortgage because of Covid-19 check with IDHA to see if you qualify for assistance.  This ends September 4th but do not wait until the end they might run out of money for help.  If you do not qualify and are having a hard time and want to sell to get the money out of your home to move give us a call.

Market update Fox Valley week 35.  Have a great week!

Market update Fox Valley week 35Kristine Heiman, 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 34

Market update Fox Valley week 34 Market update Fox Valley week 34.  New listings were slightly lower this week.  253 new single family homes this week compared to 264 the week before.  See if any of the communities above have new listings that are in your price range.  Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.

Closed listings this week were also slightly lower than the week before.  332 this week compared to 340 the week before.  Usually they 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 28 $129,900-$650,000

            Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

             Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

                     Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

             Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

                      Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

                 Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

              Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

                Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

                New 27 $150,000-$1,325,000

                Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

                 Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

              Closed-10 $239,900-$450,000

Contracts accepted this week

Market update Fox Valley week 34-Contracts accepted this week

Aurora-66                                      Bolingbrook-17

Geneva-13                                     Naperville-66

North Aurora-11                            Oswego-10

Plainfield-38                                   Plano-11

St Charles/Campton Hills-34          West Chicago-11

Yorkville-18

No short sale accepted contracts this week.

Sellers 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 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  4 with a kick-out clause of 72 hours and 8 with 48 hours.

2020 by the month

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                         796      1010           1091

Totals                         9003      6969           9657

Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.

Solds are the most important figures to look at.  Those are actual numbers.  New listings can be canceled and relisted.  Contracts accepted might not actually close.  Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through.  That is why there is such a big difference in the totals.  Some of them get accepted, canceled and relisted and contract accepted again.

Contact us

Call us 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 great time to sell.  Inventory continues to remain extremely low.  There is not a lot of competition right now.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you and estimate of expenses to sell so you can see where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan.  We will need to submit this with an offer when you find a home.

Check out some great resources:

Let us know if you are looking for any other information.  We can point you in the right direction.

Market update Fox Valley week 34.  Have a great week!

Market update Fox Valley week 34Kristine Heiman, 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 33

Market update Fox Valley week 33 Market update Fox Valley week 33.  New listings of single family homes were down this week.  264 this week compared to 279 the week before.  We are not heading in the right direction.  Inventory is extremely low already.  We need to increase new listings to meet buyer demand.  Interest rates are fantastic right now so if you want to get a larger home or maybe now is the time to downsize it is a great time to do that.

Closed listings were almost the same.  340 this week compared to 338 the week before.  We increased by 2.  Closed homes will increase as we head into the end of the month.

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

Aurora-New 37 $110,000-$565,000

             Closed-48 $84,000-$539,000

Batavia-New 9 $315,000-$519,900

             Closed-12 $218,900-$528,000

Bolingbrook-New 13 $212,500-$399,900

                     Closed-22 $172,000-$444,900

Geneva-New 17 $234,000-$650,000

             Closed-11 $200,500-$722,500

Montgomery-New 7 $184,900-$339,900

                      Closed-17 $109,900-$317,000

Naperville-New 59 $299,900-$1,790,000

                 Closed-49 $290,000-$1,250,000

Oswego-New 14 $149,000-$519,900

              Closed-22 $197,500-$448,066

Plainfield-New 21 $221,900-$439,900

                Closed-54 $157,000-$493,000

St Charles/Campton Hills-

                New 21 $164,900-$1,050,000

                Closed-25 $168,000-$1,200,000

West Chicago-New 9 $199,000-$549,900

                       Closed-10 $140,000-$495,000

Yorkville-New 5 $229,000-$312,788

              Closed-14 $230,000-$575,000

Contracts accepted this week

Aurora-48                                   Bolingbrook-23

Geneva-19                                   Montgomery-14

Naperville-60                               North Aurora-12

Oswego-17                                  Plainfield-44

St Charles/Campton Hills             West Chicago-13

Yorkville-14

3 short sales were accepted this week.  All 3 were in Plainfield.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  10 with a kick-out clause of 72 hours, 17 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

2020 by the month

Month                         New     Closed     Contracts accepted

January                    1,105        566               858

February                  1,267        529            1,024

March                      1,186        707            1,079

April                            648        786               775

May                          1,352     1,010           1,444

June                          1,232        908           1,534   

July                           1,417     1,453           1,852

August                          543        678              734

Totals                         8,750     6,637           9,300

Closed listings is the main one to concentrate on for what the market did so far this year.  New listings can be canceled and relisted.  Contracts accepted doesn’t mean they will close.  It means that buyers thought the home fit their needs and negotiated an offer that was accepted.  Sometimes they don’t make it past home inspection and attorney review.  They might of accepted another contract with other buyers.  That is why that number is larger than new listings.  Some buyers found another home others did not.

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

If you are wanting to buy a home you need to get your documents in order and call a loan officer to get pre-qualified.  They will give you a letter showing what you qualify for and what type of loan that works out best for you.  We will attach this letter to an offer when you find a home.

Take  a look at some great resources:

Let us know what communities you are wanting to look at.  We can set you up to receive listings as they hit the market so you don’t miss out on a thing.  You need to be ready to go when they hit the market because they do not stay on the market long right now unless they are priced too high.

Market update Fox Valley week 33.  Have a great week!

Market update Fox Valley week 33Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Sign me up to receive listings here

     

Market update Fox Valley week 32

Market update Fox Valley week 32 Market update Fox Valley week 32.  New listings were consistent this week with the week before.  270 this week compared to 284 the week before.  We love consistency but not with new listings right now.  We need to drastically increase new listings.  Inventory is extremely low.  Now is a great time to get your home on the market.

Closed listings are down slightly over 24% this week.  338 closed single family homes this week compared to 445 the week before.  That is the difference between the end of the month and the beginning.  Most buyers want to close at the end of the month.

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

Aurora-New 32 $135,000-$425,000

            Closed-43 $92,412-$703,000

Bolingbrook-New 19 $225,000-$579,900

                     Closed-22 $150,000-$450,000

Geneva-New 16 $259,000-$649,900

             Closed-10 $235,000-$459,000

Montgomery-New 13 $194,900-$305,000

                      Closed-10 $109,900-$285,000

Naperville-New 55 $250,000-$1,349,900

                 Closed-69 $235,000-$1,300,000

Oswego-New 10 $275,000-$1,375,000

              Closed-21 $123,000-$509,961

Plainfield-New 27 $165,000-$499,000

                Closed-50 $105,000-$800,000

St Charles/Campton Hills-

                 New-24 $219,900-$870,000

                 Closed-18 $200,000-$950,000

West Chicago-New 10 $159,900-$375,000

                       Closed-9 $179,900-$464,000

Yorkville-New 14 $105,000-$699,900

              Closed-13 $245,000-$555,000

Price ranges might help you decide what communities to look in.

Contracts accepted this week

Market update Fox Valley week 32-Contracts accepted this week Contracts accepted this week were up 11.30% from the week before.  384 this week compared to 345 the week before.  Buyers are still trying to find a home.  We need more homes on the market to show.

Look at the communities sellers accepted the most contracts:

Aurora-49                             Batavia-10

Bolingbrook-24                     Elburn-12

Geneva-19                            Naperville-67

Oswego-14                           Plainfield-53

Plano-11                              St Charles/Campton Hills-37

West Chicago-15                  Yorkville-16

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

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  12 with a kick-out clause of 72 hours, 21 with 48 hours and 7 with 24 hours. 

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  7 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

2020 by the month

Month                        New     Closed     Contracts accepted 

January                   1,105       566              858

February                 1,267       529           1,024

March                     1,186       707           1,079

April                           648       786              775

May                         1,352   1,010           1,444

June                        1,232       908           1,534

July                         1,417    1,614           1,852

August                        279       338              384

Total                        8,486    6,458           8,950

July is the best month so far for this year.  Check back with us every Saturday for an update.  At the end of the month we will compare to 2019 and 2018 so you can see the changes from year to year.

Contact us

Call us at 630-503-6555 for all of 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 the expenses to sell so you know where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to talk to a loan officer and have your documents ready.  They will let you know what type of loan and what price range works out best for you.  A letter will be emailed to you showing what you qualify for. This will go with an offer when you find the home you like.

Check out some great resources:

You might be downsizing or wanting a larger home.  Looking for a different school district.  Family member might have passed and you need to sell their home.  Whatever the reason you are wanting to buy or sell we are here to help guide you through the process.

Market update Fox Valley week 32.  Have a great week!

Market update Fox Valley week 32Kristine Heiman, 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 31

Market update Fox Valley week 31Market update Fox Valley week 31.  New listings were almost identical to the week before.  284 New listings of single family homes this week compared to 285 the week before.  We wish there were more.  Inventory continues to be extremely low. So many people have been focusing on school whether they will send them back or stay remote.  Many schools are starting to make that choice for them and remain remote.

Closed listings this week were up a little over 57%.  445 single family homes closed this week compared to 282 the week before.  The end of the month is when most buyers want to close.

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

Aurora-New 40 $139,900-$799,900

            Closed-61 $145,000-$590,000

Batavia-New 8 $311,000-$1,375,000

             Closed-13 $195,000-$805,000

Bolingbrook-New 12 $199,900-$485,000

                     Closed-24 $169,000-$485,027

Elburn-New 9 $275,000-$599,900

            Closed-10 $260,000-$920,600

Geneva-New 15 $229,900-$725,000

             Closed-18 $224,000-$646,605

Montgomery-New 6 $195,000-$354,020

                     Closed-11 $164,000-$270,000

Naperville-New 61 $269,900-$2,100,000

                 Closed-86 $260,500-$1,220,000

North Aurora-New 3 $300,000-$385,000

                       Closed-13 $197,000-$412,000

Oswego-New 23 $195,000-$1,749,000

              Closed-38 $225,000-$665,000

Plainfield-New 27 $229,000-$599,000

                Closed-55 $207,000-$609,000

St Charles/Campton Hills-

                New-26 $160,000-$1,229,000

                Closed-33 $205,000-$665,000

West Chicago-New 5 $398,700-$595,000

                       Closed-17 $181,000-$409,900

Yorkville-New 15 $259,900-$479,500

              Closed-13 $185,000-$590,000

Contracts accepted this week

Market update Fox Valley week 31-Contracts accepted this week

 

Contracts accepted this week were 28 single family homes lower.   345 this week compared to 373 the week before.  That is still pretty good considering new listings have gone down now 2 weeks in a row.  

Look at the communities sellers accepted the most contracts:

Aurora-42                                    Batavia-11

Bolingbrook-32                           Geneva-16

Montgomery-12                          Naperville-67

Oswego-22                                 Plainfield-38

St Charles/Campton Hills-20     West Chicago-12

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  11 with a kick-out clause of 72 hours, 20 wit 48 hours and 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 4 with 48 hours.

2020 by the month

Month                          New     Closed    Contracts accepted

January                     1,105        566             858

February                   1,267        529          1,024

March                      1,186         707          1,079

April                            648        786              775

May                          1,352     1,010          1,444

June                         1,232         908          1,534

July                          1,417      1,614          1,852

Totals                        8,207     6,120          8,566

July has been the best month so far for 2020.  Interest rates are extremely low right now so it makes it a great time to buy a home.  Closed homes are always what you want to look at.  New listings can be canceled or expired and relisted.  Contracts accepted can also change to reactivated and then contract pending again.

I usually compare to the last couple of years at the end of each month but I did that last week  I should of waited until this week.  Last week it showed that we are going down in all the numbers.  Low inventory is the main factor.  It has been frustrating for buyers competing with other buyers on a home because there just is not enough homes on the market for the amount of people that want to buy.  Instead of buying a resale home you might want to think about new construction.  We can also help you with that.  Let us know what community you are looking for and we can tell you about new construction in that area.

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.

We keep saying it is a great time to sell your home and it still is.  Continued low inventory and extremely low interest rates makes it a good time to sell.  Buyers are out there looking in all price ranges.  Let us update the value of your home in today’s market and provide you with a net proceeds that shows your expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified.  They will provide you with a letter that shows the type of loan and price range that you qualify for.  We will send this letter with an offer when you find the home you like.

Check out some great resources:

Covid-19 has changed a few things with buying and selling a home.  There are 3-D scans, virtual tours or live video showings if you are not comfortable with a lot of people walking through your home.  Home inspections can be done with only the inspector there to cut down on people in the home.  You can direct us on how you want your home shown.

We can do video meetings to explain things to you and answer all your questions.  Documents can be signed remotely with docusign.  Some title companies are doing remote closings.  Other ones are having the sellers sign documents ahead of the closing day and only buyers and their attorney are there the day of closing.  Let us know what your comfort level is.

Market update Fox Valley week 31.  Have a great week!

Market update Fox Valley week 31Kristine Heiman, 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 30

Market update Fox Valley week 30Market update Fox Valley week 30.  New listings of single family homes are up 10.89%.  285 new listings this week compare to 257 the week before  At least we are going in the right direction.

Closed listings of single family homes were down 11.88%.  282 closed this week compared to 320 the week before.  That is unusual.  They usually go up as we head into the end of the month.

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

Aurora-New 34 $109,900-$499,900

            Closed-32 $87,500-$485,000

Batavia-New 13 $215,000-$1,205,000

             Closed-14 $185,000-$595,000

Bolingbrook-New 19 $174,900-$599,900

                    Closed-21 $160,000-$380,000

Geneva-New 11 $264,900-$1,089,000

             Closed-15 $264,900-$1,450,000

Naperville-New 61 $249,900-$2,250,000

                 Closed-42 $230,000-$1,500,000

North Aurora-New 14 $220,000-$524,900

                       Closed-7 $215,000-$436,500

Oswego-New 10 $205,000-$1,000,000

              Closed-19 $160,500-$649,900

Plainfield-New 29 $225,000-$499,900

                Closed-46 $170,000-$830,000

St Charles/Campton Hills-

                New-25 $196,000-$995,000

                Closed-18 $230,000-$665,600

West Chicago-New 10 $189,900-$1,750,000

                       Closed-6 $85,000-$430,000

Yorkville-New 10 $223,000-$698,900

              Closed-10 $239,900-$479,500

Contracts accepted this week

Market update Fox Valley week 30-Contracts accepted this weekContracts accepted this week were down 7.44%.  373 contracts accepted on single family homes compared to 403 the week before.

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

Aurora-51                             Batavia-10

Bolingbrook-18                     Geneva-23

Montgomery-18                    Naperville-60

North Aurora-13                   Oswego-19

Plainfield-46                         St Charles/Campton Hills-19

West Chicago-18                   Yorkville-18

5 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, Hinckley, North Aurora and Oswego.  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.  13 with a kick-out clause of 72 hours, 18 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.  7 with a kick-out clause of 72 hours and 10 with 48 hours.

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

Month                        New       Closed    Contracts accepted

January                   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                          1,133     1,169           1,507

Totals                        7,923     5,675           8,221

2019

January                       878         407              568

February                  1,032         463              832

March                      1,731         915           1,375

April                        1,594         792           1,307

May                         1,645         995           1,280

June                        1,643       1,253          1,218

July                         1,423       1,008          1,090

Totals                       9,946       5,833          7,670

2018

January                      808           489             606

February                 1,040           444             856

March                     1,549           907          1,564

April                       1,515           836          1,278

May                        1,569        1,066          1,344

June                       1,828         1,720          1,474

July                        1,318            994           1,061

Totals                      9,627         6,456          8,183

You can see homes closed have been declining over the years also the homes available to sell.  Homes available to sell is the biggest factor here.  Low inventory has been a problem even before 2018.  Buyer’s are wanting to buy but they just can’t find the home they need.  This has increased pricing of the homes that are available to sell.  Supply and demand.  If you have thought about selling now is the time so you will not have as much competition.

Contact us

Call us at 630-503-6555 with 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 the expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified first.  They will give you a letter showing what type of loan and the price that will work out best for you.  We need to attach the letter with an offer when you find the right home so they seller can see that you qualify for their home.

Check out some great resources:

Check to see if you can get some down payment assistance so you can use the money you have to paint or buy furniture for the new home.  It will also save you from asking the seller to help you with closing costs.

People are changing some of their criteria for a home with the pandemic.  Some are wanting space to work from home or a bigger yard for the kids.  There is so much talk about going back to school.  Some are happy with what their school is deciding and others are not happy.  I can see some might want to move to a different school district that has more to offer or different choices.  Some are talking about home schooling.  They might need more space.

We do need to increase inventory so buyer’s have something to look at.

Market update Fox Valley week 30.  Have a great week!  Check back with us next week for the update or give a call.

Market update Fox Valley week 30

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

 

 

 

 

Market update Fox Valley week 29

Market update Fox Valley week 29Market update Fox Valley week 29.  New listings of single family homes are down 17.89% this week.  257 this week compared to 313 the week before.  We are going in the wrong directions.  Inventory is extremely low already.  July usually is a slower month with people going on vacation.  This year so far has not been normal and I was hoping people would continue to put their homes on the market even in July.  If you are thinking about selling this year do not pass up this great time to sell.

Closed listings of single family homes increased by 60.80% this week.320 this week compared to 199 the week before.  We are getting closer to the end of the month when most buyers want to close so they should continue to increase.

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

Aurora-New 34 $67,000-$750,000

            Closed-33 $97,938-$385,000

Batavia-New $215,000-$729,000

             Closed-10 $275,000-$722,202

Bolingbrook-New 7 $179,853-$409,900

                     Closed-27 $197,000-$405,000

Geneva-New 16 $275,000-$2,200,000

             Closed-12 $347,500-$1,145,000

Montgomery-New 8 $109,900-$285,000

                      Closed-15 $80,000-$319,900

Naperville-New 64 $267,800-$2,449,000

                 Closed-65 $298,000-$2,100,000

Oswego-New 9 $254,900-$564,900

              Closed-25 $82,500-$625,000

Plainfield-New 25 $214,900-$599,000

                Closed-42 $170,000-$460,000

St Charles/Campton Hills-

                New 21 $230,000-$1,890,000

                Closed-19 $246,000-$1,225,000

West Chicago-New 13 $175,000-$449,500

                       Closed-8 $145,000-$395,000

Yorkville-New 9 $189,900-$424,900

              Closed-12 $115,000-$510,000

Contracts accepted this week

Contracts accepted this week are up 18.18%.  403 this week compared to 341 the week before.  These numbers would be even higher if more listings were on the market.

Take a look at the communities that seller’s accepted the most contracts:

Aurora-59                             Bolingbrook-29

Geneva-13                            Montgomery-21

Naperville-72                        Oswego-17

Plainfield-49                         St Chalres/Campton Hills-29

Sycamore-16                        West Chicago-14

Yorkville-17

3 short sales were accepted by seller’s this week. 1 each in Aurora, Montgomery and West Chicago.  They will now be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer’s closing on their current home.  17 with a kick-out clause of 72 hours, 19 with 48 hours and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer’s selling and closing on their current home.  3 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Seller’s feel confident with the market,

2020 by the month

Month                        New      Closed     Contracts accepted

January                   1,105         566                858

February                 1,267         529             1,024

March                    1,186          707             1,079

April                         648          786                775

May                       1,352      1,010             1,444

June                      1,232          908             1,534

July                          848          887             1,134

Totals                    7,638       5,393             7,848

Check back with us every Saturday for the market update Fox Valley.  At the end of each month we will compare 2020 to 2019 and 2018 so you can see how things compare.

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.

Thinking about selling this year?  Now is the best time to sell.  Let us update the current value of your home and provide you with a net proceeds.  This shows you an estimate of expenses to sell so you can see where you are at.  We will update this when an offer comes in and we know all the terms.

If you are thinking about buying or if the end of your lease is coming up, contact a loan officer to see if you are ready to buy a home.  They will provide you with a letter that shows what type of loan and the price that will work out best for you.  This letter will go with an offer when you find the right home.

Check out some great resources:

We will guide you through the process and can give you recommendations for a real estate attorney, home inspectors and loan officers.

Market update Fox Valley week 29.  Have a great week!

Market update Fox Valley week 29Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

 

Market update Fox Valley week 27

Market update Fox Valley week 27Market update Fox Valley week 27.  New listings of single family homes was 5.76% lower this week.  278 last week compared to 295 the 

week before.  Hope people are waiting until after the holiday to put their home on the market.  Inventory continues to remain extremely low.

Closed listings were 48.39% higher.  368 last week compared to 248 the week before.  Monday and Tuesday were the last 2 days of the month of June. A lot of them might of closed in those 2 days.  Most buyers want to close at the end of the month.

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

Aurora-New 36 $141,000-$415,980

            Closed-40 $90,000-$525,000

Batavia-New 4 $195,000-$394,900

             Closed-15 $284,400-$712,590

Bolingbrook-New 17 $189,900-$879,000

                     Closed-21 $163,500-$399,000

Elburn-New 3 $179,000-$354,000

            Closed-11 $225,000-$380,000

Geneva-New 14 $274,900-$649,900

             Closed-17 $250,000-$875,000

Montgomery-New 11 $180,000-$299,750

                      Closed-12 $187,000-$300,000

Naperville-New 66 $259,900-$1,975,000

                 Closed-61 $269,000-$1,825,000

North Aurora-New 5 $189,000-$525,000

                       Closed-10 $187,000-$395,000

Oswego-New 16 $219,000-$2,200,000

              Closed-22 $225,000-$456,000

Plainfield-New 35 $124,900-$729,675

                Closed-50 $165,000-$485,000

St Charles/Campton Hills-

                New 20 $299,900-$1,000,000

                Closed-26 $166,500-$1,232,628

Sycamore-New 3 $242,500-$549,900

                 Closed-10 $181,500-$425,000

West Chicago-New 10 $160,000-$499,000

                      Closed-10 $200,000-$620,000

Yorkville-New 10 $224,900-$460,000

              Closed-12 $223,500-$462,500

Contracts accepted this week

Market update Fox Valley week 27-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week were very consistent with the week before.  390 this last week compared to 383 the week before.  A difference of 7.  That is consistent!  Your home could be next.  We need to get it on the market.

Look at the communities that sellers accepted the most contracts:

Aurora-52                                     Batavia-15

Bolingbrook-20                             Geneva-19

Montgomery-11                            Naperville-69

Oswego-20                                   Plainfield-56

St Charles/Campton Hills-29        Sycamore-10

West Chicago-12                           Yorkville-19

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  14 with a kick-out clause of 72 hours, 20 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update 2020 by the month

Month                      New        Closed     Contracts accepted

January                1,105           566              858

February              1,267           529           1,024

March                  1,186           707           1,079

April                       648           786               775

May                     1,352       1,010            1,444

June                    1,232           908            1,534

July                        278           368                390

Totals                  7,068        4,874             7,104

Check back with us every Saturday.  The end of the month we will compare this year to 2019 and 2018 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.

Thinking about selling this year?  Now is the best time.  Buyers are waiting for homes to come on the market to see.  Inventory is extremely low.  Let us update the value of your home for today’s market.  We will provide you with a net proceeds that shows you the expenses to sell and an estimate of what you will walk away with.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to contact a loan officer to get pre-qualified.  If you need recommendations let us know.  They will let you know what type of loan and the price range that will work out best for you.  Provide you with a letter that needs to go with an offer when you find the right home.

Check out some great resources:

Market update Fox Valley week 27.  Have a great week.  Happy 4th of July!  Have fun and stay safe and healthy.

Market update Fox Valley week 27Kristine 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