10 05 2019-Market Update

10 05 2019-Market Update

10 05 2019-Market update.  New listings of single family homes here in the Fox Valley went up this week.  291 this week compared to 259 the week before.  Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week.  235 this week compared to 204 the week before.  Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

            Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

             Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

                     Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

             Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

                      Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

                 Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

              Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

                Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

                                         Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

10 05 2019-Market Update-Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week.  Not too bad.  Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19                                       Bolingbrook-21                                            Geneva-11

Naperville-30                                   Plainfield-10                                                 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling and closing on their current home.  6 with a kick-out clause of 72 hours and also 6 with 48 hours.

Market activity so far for 2019 in the Fox Valley by the month

New listings                                        Closed listings                                   Contracts accepted

January-878                                     January-407                                    January-608

February-1,032                                February-465                                  February-832

March-1,731                                    March-915                                     March-1,375

April-1,594                                      April-790                                        April-1,307

May-2,004                                      May-1,391                                      May-1,665

June-1,643                                      June-1,253                                     June-1,218

July-1,423                                       July-1.029                                      July-1,090

August-1.585                                  August-1,403                                  August-1,211

September-1,164                            September-765                               September-869

October so far-291                          October so far-235                         October so far-195

Total-13,345                                    8,653                                            10,370

I changed it up this week so you could see the difference side-by-side.  Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes.  There are many reasons why they do not close.  There could be an issue with the buyer that does not get approved for the loan for some reason.  Home inspection or attorney review had issues that they could not agree on resolving.  Buyer or seller change their mind about going through with the deal.  All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings.  Everything still revolves around the school year.  There is still activity though.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Our goal is your goal.  We will do everything we can to meet your goal.  If it is not reasonable we will let you know.

Let us update the value of your home in today’s market.  We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

630-503-6555

Another way to search for a home that you can sign up for free!  I can do a video call and share my screen to show you how it works and all that you can do with it.  I think you will really like this!

 

Market Update January 6 2018

Market update January 6 2017
New & Closed Listing Activity in the Fox Valley Area of Single Family Homes

Market update January 6 2018.  Happy New Year! This is the first market update for 2018.  Now that the holidays are over the market is starting to get back to normal.  If only the temperatures would get back to normal that would be great!  We are supposed to get into the 30’s and 40′ next week.  I am really looking forward to that.

This first week of 2018 new listings were 164 compared to 62 the last week of 2017.  When that number gets to 300 or more a week I will be a little bit happier and I know the buyers will be happier as well.

Closings in this first week were down.  107 this week compared to 137 that last week of December.  These numbers should improve as we get closer to the end of the month. With the increase in listings it will help but a lot of them will be reflected in February numbers for closings.

You should be able to click on the chart above to see it better.  If not let me know and I will gladly email it to you. It shows the New & Closed listings of single family homes in each community and the price ranges.  If you are looking for a home you might want to start with the communities that have the most activity. You might also want to start with the community that is showing the price range you are looking for.  Take a look at this weeks communities with the most activity:

Aurora-New 20 $124,900-$450,000 Closed 21 $82,500-$420,000

Bolingbrook-New 16 $168,900-$424,900 Closed 18 $125,000-$320,000

Geneva-New 12 $235,000-$849,900 Closed 2 $200,000-$255,000

Naperville-New 36 $314,000-$1,200,000 Closed 11 $ 269,000-$1,225,000

Oswego-New 10 $179,900-$424,900 Closed 3 $200,000-$289,000

Plainfield-New 15 $180,000-$790,000 Closed 11 $152,000-$338,000

St Charles-New 13 $265,000-$1,299,000 Closed 11 $203,000-$950,000

Market Update January 6 2018-Accepted Contracts

Market Update January 6 2018-Contracts Accepted
Sellers Accepted Contracts this week in these Communities

Market update January 6 2018-accepted contracts from sellers in these communities was up a little from the last week in December of 2017.  87 this week compared to 78 the week before.  This number should go up next week with the increase of New listings if they are priced correctly.  Even in subzero temperatures buyers are out there looking at everything that hits the market if it is priced right and market ready.   

Sellers there is no need to wait for Spring market the buyers are still out looking.  Right now you will have less competition.

Short sales this week that were accepted by sellers were up slightly.  7 this week compared to 4 the week before. Now they will be submitted to the lender to see if they will also accept the contract as written.

Contingencies are a part of a contract if the terms are waiting for something to happen like home inspection, attorney review, or if the buyer is getting financing.  If the buyer for your home already has a home they might ask for a contingency on the sale & closing or just the closing on their current home. 

This week buyers asked the sellers for a contingency on the close of their home.  They already have a contract on their home but need to close before purchasing. 1 with a 72 hour kick-out clause, 2 with 48 hours and 1 with 24 hour kick-out clause.  The sellers accepted these terms.

Buyers also asked the sellers for a contingency on the sale and close of their current home.  They might or might not already have their current home on the market.  Buyers do not have an accepted contract on their home.  They still need to sell their home.  This week only 1 seller accepted these terms with a 48 hour kick-out clause.

The communities that sellers accepted the most contracts this week were:

Aurora-14

Naperville-11 with 3 of those a short sale

Plainfield-14 with 1 of those a short sale

The other communities that sellers accepted a contract that was a short sale were Montgomery with 1, Oswego with 1 and West Chicago also with 1.

Contact Us

If you are thinking about selling your home this is a great time to be a seller!  Request a home valuation and we will let you know the value of your home in the current market and what you need to do to get your home market ready.

If you are looking to buy a home.  Your first step is to talk to a loan officer to see what you qualify for and if you need to do anything to bring up your credit score to get the best interest rate.  We can give you recommendations of a few loan officers to contact.  They will give you a letter showing what you qualify for.  We need that to start showing you homes and it will go with the contract when you do find the right home and want to submit an offer.

Look for current interest rates, information about loans and the process & down payment resources.  You can start searching for homes anytime 

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out our contact form if you would like us to get back to you.  Let us know when would be the best time.

We make it our business to find the perfect fit for your needs.  Our goal is to negotiate the price and terms that are best.

Market update January 6 2018 Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

630-742-7730

besthomesfv@gmail.com

 

Market Update Boulder Hill Subdivision Montgomery IL
Boulder Hill Subdivision

Market Update Boulder Hill Subdivision Montgomery IL

Market update Boulder Hill Subdivision Montgomery IL.  37 sellers accepted contracts and 24 closed in the last 30 days.  Average days on market of those 24 that recently closed was 18 days.  Right now there are only 23 homes for sale.   These figures change daily.  Out of 2,848 homes in this subdivision, according to Wikipedia, that is not a lot of homes to choose from.  This is an unincorporated subdivision.  

It is a great time to be a seller in Boulder Hill

It is a great time to be a seller in Boulder Hill right now.  Inventory is extremely low and prices are up.  When do you think you will be ready to make a move?  Request a home valuation on your home so we can let you know the current value of your home in this market.  We can help you with tips to get your home market ready.  Pricing your home correctly from the beginning will bring you top-dollar for your home.  That is what you want right?

Buying a home in Boulder Hill

Buying a home in Boulder Hill right now is a challenge.  Right now you have 23 to choose from starting at $144,900 and up from there.  We can set you up to be alerted as homes hit the market so you don’t miss out on anything that comes up.  All you need to do is fill out our contact form and tell us how soon you want to be in a new home and what the perfect fit would be.

Contact us

Contact us for all your real estate needs whether you are buying or selling a home.  You can call 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We make it our business to find the perfect fit for your needs.  You can always search for a home anytime and contact us with questions.  If you would like us give you market update Boulder Hill Subdivision Montgomery Il we would be happy to keep you informed.  Best Homes Fox Valley  Have an awesome day today!