12 21 19 Market update Fox Valley

12 21 19 Market Update Fox Valley

12 21 19 market update Fox Valley.  New listings of single family homes was just slightly lower this week. 129 this week compared to 136 the week before.  We are only days away from the holiday so hopefully they will pick up in the next couple of weeks.  Buyers are still out there looking.  Start the New Year out getting your home on the market.

Closed listings of single family homes was up by 26 homes.  208 homes closed this week compared to 182 the week before.  We are getting close to the end of the month when most buyers want to close.  These closings were people that wanted to move in their new home before Christmas.  What a great present!

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

Aurora-New 19 $50,000-$500,000

            Closed-35 $70,000-$412,500

Bolingbrook-New 11 $149,900-$415,000

                     Closed-13 $116,000-$350,000

Geneva-New 15 $335,000-$1,200,000

             Closed-6 $194,000-$579,200

Naperville-New 20 $224,900-$1,200,000

                 Closed-44 $253,500-$1,222,500

Oswego-New 10 $185,000-$1,199,000

              Closed-14 $170,000-$770,000

Plainfield-New 18 $215,000-$449,000

                Closed-21 $162,000-$535,000

St Charles/Campton Hills-

                New 5 $209,900-$1,095,000

                Closed-11 $179,000-$572,500

Contracts accepted this week

12 21 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted on single family homes was significantly down this week.  117 this week compared to 155 the week before.  Inventory of homes for sale is way down right now and we are so close to the holiday.  Weather definitely is not factor.  It is cold but no snow or ice to worry about and the temperatures are rising into this next week.

Communities with the most contracts accepted this week:

Aurora-21                Naperville-18

Plainfield-12

These communities are consistently  very active every week.

Only 3 homes received contracts on short sales this week.  1 each in Aurora, Bolingbrook and Yorkville.  Now they will be submitted to the lender to see if they will also accept.  These take a special buyer that can wait.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours. 

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 3 with 48 hours.

2019 by the month

Month                 New         Closed         Contracts accepted

January                878           407                      608

February           1,032           465                      832

March               1,731           915                  1,375

April                 1,594           790                  1,307

May                  2,004        1,391                 1,665

June                 1,643        1,253                 1,218

July                  1,423        1,029                 1,090

August             1,585        1,403                 1,211

September       1,164           765                    869

October           1,259           957                    959

November          679           727                    656

December          438           532                    399

Total             15,430     10,634              12,189

Closed are the most important numbers. 

Some of the New listings get canceled and relisted so the number of days on market are lower.  This number does not reflect actual new listings.  They might be counted more than once so don’t think that many listings have come on the market and have not sold.

Not all contracts that get accepted close.  Some of them might not make it through attorney review or the home inspection.  This is when it is very important to have a good REALTOR® and real estate attorney that will negotiate issues.  Some issues turn up that are not able to be resolved in a timely manner but other times it is the buyer not understanding the process and thinking anything that shows up on the home inspection should be fixed.  A lot of times those are items the home inspector is wanting them to pay attention to that are routine maintenance.  These numbers might have been counted more than once on the same home.  They might of accepted an offer and it was canceled then back on the market and contract accepted again.

It is interesting to see the numbers.  Activity happens year round.

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 meet your goals.

Thinking about selling? Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses so you can see where you are at.  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 thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best for you.

Check out some great resources:

Also talk to your lender to see if they offer assistance.  Sometimes they have a better deal or can combine assistance.

12 21 19 market update Fox Valley.  Have a great week.  Happy Holidays!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up free for another way to search for a home.  You can change to satellite view to see how the home is situated on the property and it also has a chat feature.  You might really like this one!

Fox Valley Market Update May 18 2019

Fox Valley Market Update May 18 2019

Fox Valley market update May 18 2019.  New listings of single family homes picked up this week.  438 this week compared to 402 the week before.

2019 New listing  of single family homes in the Fox Valley market by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May so far-1,243

We still have 2 weeks to go in May!  Now is a great time to be out looking at homes with more new listings coming on the market everyday.

Closed listings this week were also up.  246 this week compared to 212 the week before.  These numbers should increase as we head into the end of the month when most Buyers want to close.

2019 Closed listings of single family homes in the Fox Valley by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May so far-759

May will pass up April in both New listing and Closed listings.

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

Aurora-New 49 $99,000-$635,000                                             Closed-40 $119,900-$685,085

Batavia-New 16 $100,000-$750,000                                          Closed-5 $229,900-$620,000

Bolingbrook-New 29 $167,900-$699,900                                  Closed-21 $132,300-$388,500

Geneva-New 19 $227,900-$825,000                                          Closed-7 $190,000-$531,500

Montgomery-New 9 $109,900-$295,000                                    Closed-10 $122,350-$269,900

Naperville-New 113 $209,000-$1,225,000                                Closed-40 $232,166-$1,100,000

Oswego-New 21 $154,900-$964,000                                         Closed-18 $120,000-$380,000

Plainfield-New 44 $189,900-$799,999                                       Closed-29 $140,000-$455,000

Plano-New 12 $160,000-$385,000                                            Closed-5 $50,000-$247,410

St Charles/Campton Hills-New 36 $228,900-$1,375,000           Closed-17 $230,000-$800,000

West Chicago-New 10 $104,900-$600,000                                 Closed-6 $210,000-$450,000

Yorkville-New 18 $172,500-$599,900                                         Closed-9 $212,500-$367,500

Contracts accepted this week

Fox Valley Market Update May 18 2019-Contracts accepted this week

Contracts accepted this week by Sellers of single family homes was slightly up this week.  307 this week compared to 302 the week before.  We love consistency!

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

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May so far-947

Very exciting time for both Buyer and Seller!  Now the process to get to closing.  Let us help you to get on this list and guide you to closing.  If you are thinking about purchasing you need to get pre-approved with a loan officer.  Thinking about selling?  We can show you what your home is worth in today’s market and show you what the outcome might look like.

Communities this week that Sellers accepted the most contracts:

Aurora-42                           Bolingbrook-30                              Geneva-11

Montgomery-10                  Naperville-59                                  Oswego-20

Plainfield-34                       Plano-10                                         St Charles/Campton Hills-18

Short sales this week accepted by Sellers were half of last week. 2 this week compared to 4 the week before. 1 each in Oswego & West Chicago.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  9 with a kick-out clause of 72 hours, 22 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home.  4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman Managing Broker ext 101.  Let us know what questions you have and how we can help you with your real estate goals.

Resources to check out:

Fox Valley market update May 18 2019.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

You might like this way of searching for a home. Let us know what you think!

Market Update Fox Valley-November 24 2018

Market Update Fox Valley-November 24 2018

Market Update Fox Valley-November 24 2018.  Fox Valley market for New Listings were way down this week.  90 this week compared to 199 last week.  It is a short week with the Thanksgiving holiday so the numbers are way off what they usually are.  Shopping for homes is put on the back burner while everyone is out looking for bargains for Christmas presents.

Closed homes is also way down this week.  122 this week compared to 204 last week.  Only 3 days this week to set up closings so the numbers are way down.  We have a full week next week and it is the last week of the month so these numbers will be higher next week.

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

Aurora-New 12 $119,900-$349,900                                                   Closed-25 $135,000-$460,000

Naperville-New 8 $259,900-$790,000                                               Closed-17 $229,900-$620,000

Plainfield-New 12 $195,000-$489,900                                              Closed-22 $199,000-$457,500

Contracts Accepted this Week

Market Update Fox Valley-November 24 2018-Contracts Accepted this Week

Contracts accepted this week were also down.  137 this week compared to 171 last week.  Numbers were down but not too bad for such a short week.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-14                                         Bolingbrook-15                                          Naperville-13

Plainfield-18                                    St Charles/Campton Hills-14

Short sales continue to remain low.  2 contracts accepted by Sellers this week compared to 6 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the close of the Buyers current home before purchasing.  2 with a kick-out clause of 72 hours and 7 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the sale and closing on the Buyers current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We are here to answer all the real estate questions that you have.  Our goal is to negotiate price and terms that are best whether buying or selling a home.

We can update the value of your home in the current market.  Provide you with a net proceeds so you can see the expenses of selling your home so you know where you are at.

If you are thinking about purchasing a home you will need to talk to a loan officer to get pre-qualified.  They will provide you with a letter that will go with an offer when you find a home.  This letter needs to be in the last 30 days or it will need to be updated.

Things you might want to look up:

Market Update Fox Valley-November 24 2018.  We hope you had a wonderful Thanksgiving!  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-April 21 2018

Market Update Fox Valley-April 21 2018Market update Fox Valley-April 21 2018.  Spring market is in full bloom!  It is pretty staying steady right now.  We are staying above 300 new listings every week now.  335 new listings this week compared to 388 the week before. A little lower this week but at least we are not in the 200’s. Buyers are hungry out there for new listings to come on the market.  They are either going under contract right away or they need price adjustments.

Closings this week were also consistent.  205 this week compared to 218 the week before. Next week will be the last full week of the month so these numbers should be higher.

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

Aurora-New 42 $71,400-$540,000                     Closed-32 $85,500-$455,000                         Active-225 $59,000-$1,450,000 with 3 Auctions

Bolingbrook-New 30 $115,000-$479,900         Closed-17 $136,000-$325,000                       Active-115 $115,000-$615,000 with 1 Auction

Geneva-New 16 $229,900-$1,395,000              Closed-11 $215,000-$461,000                       Active-139 $215,000-$1,750,000

Naperville-New 68 $239,000-$1,350,000         Closed-40 $240,400-$695,000                        Active-572 $219,900-$7,425,000 with 1 Auction

North Aurora-New 12 $156,500-$399,900       Closed-7 $189,500-$300,000                          Active-60 $156,500-$595,000

Oswego-New 14 $210,000-$439,900                Closed-9 $145,000-$440,000                          Active-99 $119,900-$1,595,000

Plainfield-New 43 $149,000-$699,000              Closed-22 $180,000-$425,000                        Active-287 $149,000-$1,079,000 with 2 Auctions

St Charles-New 27 $174,108-$1,100,000         Closed-13 $320,000-$630,000                        Active-378 $155,000-$3,350,000

West Chicago-New 9 $259,900-$439,900        Closed-11 $152,000-$345,000                        Active-85 $214,900-$9494,900 with 1 Auction

Yorkville-New 19 $245,000-$480,000               Closed-6 $232,900-$500,000                           Active-119 $175,000-$975,000 with 1 Auction

Contracts Accepted this week

Market Update Fox Valley-April 21 2018-Contracts Accepted this weekContracts accepted this week were identical to last week.  321 this week and 321 last week.  That is consistency!  You can get more consistent than that.

Take a look at the communities that sellers accepted the most contracts this week:

Aurora-55                                         Batavia-10

Bolingbrook-27                               Geneva-23

Montgomery-13                              Naperville-63

Oswego-19                                      Plainfield-50

St Charles-24

Short sales were also consistent.  5 this week compared to 6 last week. Now they will be submitted to the lender to see if they will also accept as written.

Sellers this week accepted contracts that are contingent on the closing of the buyers current home.  Buyers home has already received and accepted a contract on their home but need to close before they can purchase.  5 with 72 hour kick-out clause, 18 with 48 hours and 4 with 24 hours.

Contracts were also accepted by sellers that the buyers home needs to sell and close before purchasing. Buyers current home might or might not already be on the market.  They have not received an offer on their current home. They still need to sell and close before purchasing.  2 with a 72 hour kick-out clause and 3 with 48 hours.

Resources

If you are thinking about selling your home the first step is to get a market analysis on your home to see what the value is in the current market.  See what you need to do to get your home market ready. Pricing your home correctly from the beginning is very important.  Testing the market usually ends up with your home sitting on the market and having to reduce your price multiple times and a lot of times you end up selling below what you would of if you priced it right from the beginning.

If you are just starting out thinking about purchasing a home your first step is  to talk to a loan officer and get pre-approved to see what you qualify for and working on your credit score to get the best interest rate.  Find out about the different types of loans and the process.  You might want to do that before you talk to the loan officer so you know what questions to ask.

Look up current interest rates so you know where they are right now.  They keep talking about raising the rates at least 2 more times this year. If they do go up this will change what you might qualify for and your monthly payment if you are getting a loan.

Check school ratings even if you do not have kids.  It is always a good idea to find a home in a good school district for resale value.

Contact us

Give us a call so we can get your started buying or selling a home.  Our goal is to negotiate the price and terms that are best.  We make it our business to find the perfect fit for your needs.  Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.

Market update Fox Valley-April 21 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley – Search for homes anytime anywhere in Northern Illinois

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Sutie 104

Aurora, IL 60505

Market Update Fox Valley-March 3 2018

Market Update-Fox Valley March 3 2018

Market Update Fox Valley-March 3 2018.  Spring Market is here!  We surpassed the 300 mark.  New listings this week total is 345.  Last week we were at 245 so that is 100 more this week than last.  Sellers will now have a little more competition.  No more waiting if you are thinking about selling this year.   Request a home valuation and let’s get your home on the market!

Closed homes this week were almost double of what they were last week.  206 this week compared to 118 last week.  The end of the month of February ended on Wednesday so the first half of the week were very busy with closings.

We are seeing an increase in the higher priced homes coming on the market.  Relocation’s are happening again.  We have not seen that in a very long time.

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

Aurora-New 36 from $59,000-$559,900                                     Closed-34 from $71,500-$575,000

Batavia-New 15 from $269,900-$3,995,000                              Closed-5 from $266,500-$450,000

Bolingbrook-New 20 from $175,000-$459,000                         Closed-20 from $142,000-$355,000

Geneva-New 19 from $285,000-$615,000                                 Closed-5 from $225,000-$560,000

Montgomery-New 12 from $149,900-$269,900                       Closed-6 from $134,000-$278,000

Naperville-New 79 from $239,900-$1,650,000                         Closed-34 from $195,000-$1,225,000

Oswego-New 20 from $204,500-$799,000                                Closed-9 from $126,000-$342,000

Plainfield-New 35 from $165,000-$615,000                              Closed-25 from $200,000-$519,200

St Charles-New 36 from $249,000-$3,190,000                         Closed-12 from $185,000-$615,000

West Chicago-New 11 from $128,500-$699,000                      Closed-4 from $110,000-$440,000

Yorkville-New 12 from $202,990-$699,900                                Closed-7 from $214,900-$336,000

Market Update Fox Valley March 3 2018Contracts accepted this week by sellers also saw a big increase.  299 this week compared to 222 the week before.  With the increase in New listings this week this number should be even higher next week.  The market is getting more active every week.  The weather is getting milder and more buyers are out there looking.

Take a look at the communities that sellers accepted the most contracts:

Aurora-45                                                   Oswego-10

Bolingbrook-22                                         Plainfield-43

Geneva-12                                                 St Charles-20

Montgomery-11                                       Sycamore-11

Naperville-52                                            West Chicago-14

North Aurora-12

Short sales accepted by sellers was about the same this week.  6 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.

Contracts that are contingent on the buyers home closing were also accepted this week.  Buyers home has received and accepted a contract on their current home but they need to close before purchasing.  10 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts with contingencies that the buyer still needs to sell their current home and close before purchasing.  They might or might not already have their current home on the market.  They do not have a contract on their current home.  6 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

We are seeing these contingencies more and more now.  Current homeowners are getting more confident in selling their home and either buying a larger home, downsizing or changing locations.

We now have a resources page or you can click on the links that we will provide here.  If you are thinking about buying a home your first step is to get pre-approved with a lender.  If you need some names and phone numbers for loan officers we will provide them to you so you can decide who you want to work with.  You can find out about the different types of loans and the process here.

Look up current interest rates but also talk to your loan officer because where your credit  score is will determine what interest rate you receive.

There are might be some help with your down payment.  Take a look to see if you qualify for any assistance. Your lender might also provide you with some help.

Look up School ratings.  Good schools matter whether you have kids or not.  Buying a home in a good school district is a good resale feature.

You can fill out the contact form if you prefer us to get back to you or you can call us at 630-503-6555.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 104 or Kristine Heiman-Managing Broker ext 101.

Search for a home anytime or sign-up for email alerts so you don’t miss out on a home,  It will automatically email you when a home hits the market with your criteria.

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

Market Update Fox Valley-March 3 2018.   Best Homes Fox Valley.  Have a great week!

Kristine Heiman-Managing Broker

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

Best Homes Fox Valley

besthomesfv@gmail.com

Market Update Fox Valley February 3 2018

Market Update Fox Valley February 3 2018
Activity this week in the Fox Valley Communities

Market update Fox Valley February 3 2018.  New listings were up significantly this week.  265 this week compared to 199 the week before.  That is exciting!  Good news for buyers that are out there waiting for new homes to look at.  Don’t wait if you are thinking about putting your home on the market.  Get a head start before Spring market so you have less competition.  Request a home valuation to see where you are at so you can decide if now is the right time for you to make a move.

Closed listings were slightly down this week.  127 this week compared to 136 the week before.  The last few days of the month were Monday-Wednesday so that is not too bad.  Most people want to close at the end of the month and closer to the weekend.

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

Aurora-New 31 from $95,000-$999,000                                                Closed-19 from $85,000-$336,000

Batavia-New 18 from $259,000-$1,019,000                                         Closed-4 from $209,900-$435,000

Bolingbrook-New 12 from $97,000-$649,000                                      Closed-10 from $153,900-$399,900

Geneva-New 18 from $220,000-$1,200,000                                         Closed-4 from $241,000-$650,000

Naperville-New 51 from $239,900-$1,950,000                                     Closed-21 from $160,000-$645,000

Oswego-New 17 from $150,000-$1,350,000                                        Closed-11 from $204,500-$430,500

Plainfield-New 28 from $199,000-$689,900                                         Closed-17 from $144,150-$395,000

St Charles-New from $ 195,000-$1,595,000                                         Closed-11 from $208,000-$649,000

Market Update Fox Valley February 3 2018-Contracts Accepted

Market Update Fox Valley February 3 2018-Contracts Accepted this week
Sellers accepted contracts in these communities this week.

Contracts accepted this week in the Fox Valley were up this week.  212 this week compared to 187 the week before.  It really makes a difference when new listings are up.  The week before there were 199 new listings and slightly more than that sellers accepted contracts this week.  Inventory is not gaining at this pace.

You can click on the photos of the charts to see them better.  Take a look at the communities sellers accepted contracts this week:

Aurora-40

Batavia-12

Bolingbrook-10

Naperville-29

Oswego-13

Plainfield-29

St Charles-15

These communities are consistently more active every week than most in the Fox Valley.  Schools, jobs & access to roads to get to jobs are most likely some of the reasons for this.

Sellers accepted short sale contracts on 5 homes this week.  There were 6 accepted the week before.  Now they will be submitted to the lender to see if they will also accept as the contract is written.

Contracts with contingencies were accepted by sellers this week that are contingent on the buyers home closing before they can purchase. 1 with a 72 hour kick-out clause, 8 with 48 hours and 1 with 24 hour kick-out clause.

Sellers also accepted contracts that are contingent on the buyer selling their home.  They might or might not already have their home on the market.  Buyers do not have a contract accepted on their home.  They still need to sell and close before they can purchase. 4 with a 72 hour kick-out clause and 5 with a 48 hour kick-out.

Contact us

Contact us with any real estate questions that you have.  We are keeping an eye on the market.  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 the contact form is you would like us to get back to you.

If you are thinking about purchasing a home you might want to look at the different types of loan and the process.  Your first step is to contact a loan officer to get pre-approved for a loan and find out what you qualify for.  Search for homes anytime to see what is for sale in the areas that you are looking for whether you want attached or detached housing.  We can even help you find a rental.

You can sign-up for email alerts so you don’t miss out on a New listing or price change.  As soon as a home hits the market or changes,  you will receive an email.

You can keep track of the interest rates.  Search for down payment resources or look at the new IDHA programs that just came out this month.

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 Fox Valley February 3 2018

Kristine Heiman-Managing Broker 

Best Homes Fox Valley

besthomesfv@gmail.com

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

 

 

Market Update Fox Valley January 13 2018

Market update Fox Valley January 13 2018
Activity this week in the Fox Valley

 Market Update Fox Valley January 13 2018.  Fabulous week this week!  New Listings were up this week.  224 this week compared to 164 last week.  That is exciting!  We are on the right track.  I will be happier when we are over 300 for the week.

Closings were also up this week. 235 this week compared to 107 the week before.  A lot of very happy sellers!  The cold weather is not keeping people home.  Activity is up. Now is the perfect time to be a seller!  Fill out a home valuation request so we can let you know where you home value is in the current market.  Get a step ahead of the Spring market.

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

Aurora-New 24 $71,100-$469,000                         Closed-15 $120,000-$575,500

Bolingbrook-New 13 $144,900-$407,500             Closed-16 $235( must be a mistake)-$365,000

Montgomery-New 5 $80,800-$255,000                Closed-12 $103,376-$261,000

Naperville-New 40 $199,999-$1,399,000             Closed-14 $215.000-$1,085,000

North Aurora-New 10 $ 139,900-$418,900          Closed-3 $261,000-$382,500

Oswego-New 10 $129,900-$369,900                    Closed-9 $186,500-$397,000

Plainfield_New 31 $170,000-$749,900                 Closed-17 $187,000-$369,000

St Charles-New 31 $239,900-$1,798,500             Closed-7 $205,720-$710,000

West Chicago-New 11 $179,900-$675,000          Closed-4 $199,900-$325,000

Yorkville-New 10 $198,900-$355.000                   Closed-2 $247,500-$320,000

Market Update Fox Valley January 13 2018-Contracts Accepted

Market Update Fox Valley January 13 2018-Contracts Accepted
Sellers in these communities accepted contracts this week

Market update Fox Valley January 13 2018-contracts accepted.  This week contracts accepted from sellers was up.  171 this week compared to 87 last week.  Almost doubled!  Subzero temperatures or not buyers are wanting to find their home.

Short sales accepted by sellers was slightly up.  11 this week compared to 7 last week.  Now they will go on to be submitted to the lender to see if they will also accept the contract as submitted.  Short sales are not as common as they were before.  there is still some out there but not as many.

Here is the communities that sellers accepted the most contracts this week:

Aurora-29 with 2 of them a short sale

Bolingbrook-14 with 1 of them a short sale

Naperville-28 with 1 of them a short sale

Oswego-10

Plainfield-16 with 1 of them a short sale

St Charles-17 with 1 of them a short sale

The other communities that sellers accepted contracts with a short sale are Batavia with 1, Montgomery with 1, Serena with 1 & Sugar Grove with 2.

Sellers also accepted contracts with contingencies.  These are contingent on the close of the buyers current home.  They already have an accepted contract on their home but need to close before purchasing. 2 with a 72 hour kick-out clause and 4 with 48 hours.

Contracts with contingencies of a sale and close on the buyers current home were also accepted this week.  The buyers current home might or might not already be on the market.  They do not have a contract accepted on their home yet  1 with a 72 hour kick-out clause and 3 with 48 hours.

Contact Us

You can 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 the contact form and have us get back to you if that is easier.

Search for homes anytime.  You can also sign up to receive listings of homes as soon as they hit the market and get an email alert.

If you are buying a home for the first time you might want learn more about loans.  Look up interest rates or see if there is down payment assistance that will help you.

We can recommend loan officers to contact to tell you about the latest programs that are offered.

We makeit our business to find the perfect fit for your needs.  Our goal is to negotiate the price and terms that are best. Market update Fox Valley January 13 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

630-503-6555

besthomesfv@gmail.com

1444 N Farnsworth Ave Suite 104 Aurora, IL 60505

Is 2018 The Year For You To Make A Housing Change?

Is 2018 The Year For You To Make A Housing Change?Is 2018 the year for you to make a housing change?  Either buy a home for the first time or sell and find more suitable housing for your current needs. We can help you with your plan.

If you are buying for the first time the first step is getting pre-qualified with a lender.  You need to know how much you are qualified for before beginning your search.  We can make recommendation of loan officers that we have successfully worked with so you are successful as well.  To learn about the different types of loans and the process go here.  You might want to do that before you make the first call to a loan officer.

Selling a home and making the change either for a larger home or downsizing, the first thing you need to do is have a home valuation so you know what your home is worth in the current market.  Learn how much you will have to work with.  Get advice on what you need to do to get your home market ready.  You also need to talk to a loan officer to see what you qualify for. Get that step going now so you are ready.

Inventory has been extremely low.  If you are a buyer you want to allow enough time to find a home.  It might take a couple of months to find what you are looking for.  Sellers do not need to wait until Spring market.  Buyers are out there now looking.

You can start searching for a home anytime to see what is out there.  You can also search for down payment resources.  If you are wanting to change communities you might want to go to the community website to see what they have to offer and see if the community is what you are looking for.  Take a look at current interest rates.

Contact us

Contact us so we can negotiate the price and terms that are best.  Call us at 630-503-6555 Jeffery Szymcak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form and have one of us contact you back. We make it our business to find the perfect fit for your needs.  Is 2018 the year for you to make a housing change?

Kristine Heiman-Managing Broker

Best Homes Fox Valley

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Prepare Entryway for Showings

Prepare Entryway for Showings  

Prepare entryway for showings is very important.  Especially with this wonderful weather we are having coming to an end.   Snow could be here in the near future.  Even if it doesn’t snow you should have a good rug for people to step on when they first enter.  If you want people to take off their shoes it might be good to have a bench or something for them to sit and take off their shoes.  Booties are good to have but if your shoes are wet they will not help too much.

This might be a good time to create an open storage space for your entryway.  Houzz has some great ideas. Pinterest also has some great ideas.  So many buyers like these open storage spaces.  It might just make your home stand out from all the rest.

It sure would help to keep your floors and carpeting clean.  Especially if you have multiple showings and don’t have time to clean between showings.

We are in the season for coats, hats and mittens so having a spot for buyers to put them when they enter will make them feel more comfortable to enjoy your home.

Contact Us

We will give you advise on what will help you get your home market ready.  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 the contact form and let us know when would be the best time to get back to you.

Search for homes anytime.  We can also do a market valuation to let you know your homes value in today’s market.

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

Prepare entryway for showings is a great start to making buyers feel welcome in your home.

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

besthomesfv@gmail.com

630-503-6555

Market Update Fox Valley November 11 2017

Market Update Fox Valley November 11 2017
Activity this week Fox Valley New & Closed Listings in each community

 

Market Update Fox Valley November 11 2017.  New Listings were down by 7 this week.  New listings this week were 195 and last week they were 202. That shows consistency but it does not help to alleviate low inventory.  Buyers are still out there looking.  If you are a first-time buyer you can continue to look and wait for the right home to come onto the market.  Sellers are worried they will not find something else to purchase if they do sell. Some of them are waiting to find the home to purchase before putting their home on the market.

Closed listings this week were down.  182 this week compared to 261 last week.  It is the beginning of the month so this is to be expected.  These figures will increase as we get closer to the end of the month.  Most buyers choose to close at the end of the month.

The chart above shows the communities this week with activity of New & Closed listings of single family homes.  It also shows the minimum  to maximum price in each community.  You should be able to click on it to enlarge it.  If not let me know and I can email it to you.  Some communities are more active than others.  The communities this week with the most activity are:

Aurora-New 30 Closed 29

Bolingbrook-New 16 Closed 10

Montgomery-New 12 Closed 7

Naperville-New 32 Closed 34

Oswego-New 7 Closed 11

Plainfield-New 26 Closed 30

St Charles-New 20 Closed 14

Market Update Fox Valley November 11 2017
Contracts accepted this week in the Fox Valley

 

Contracts accepted this week were down 16 from last week.  171 this week compared to 187 last week.  We need more listings to show the buyers that are still looking.  These numbers would go up with more homes on the market that were priced right and market ready.

Short sales were consistent with last week.  7 this week compared to 8 last week.  It is a good thing these numbers are staying so low!  Now they will get handed to the mortgage company to see if they will also accept as written.

This week sellers accepted contracts that the buyer needs to close on their current home before purchasing.  They already have a contract on their home but need to close to purchase.  6 of them have a kick-out clause of 72 hours and 8 with 48 hours.

Sellers also accepted contracts that the buyer needs to sell their home   They do not have a contract on their current home and may or may not have it on the market already. 2 with a 72 hour kick-out clause and 1 with 48 hours.

The chart above shows the communities that were active with sellers accepting contracts for the week.  Most active communities were:

Aurora-28 with 4 of them a short sale

Bolingbrook-14 with 1 of them a short sale

Naperville-25

Plainfield-15

St Charles-15

Batavia had 1 short sale accepted from seller and also Montgomery with 1 as well.

If you are a seller and are thinking about putting your home on the market please contact us to do a home evaluation to see what it is worth in today’s market.  We will also give you advice on getting it market ready.  There is no reason to wait for Spring market.  You will have less competition now while inventory is low.

Buyers need to get pre-qualified first.  We need to know that you are qualified before setting up appointments.  A pre-qualification letter needs to go with a contract when you find the home that you like.  No seller will accept an offer without one.  If you are paying cash you will need to show a proof of funds letter from your bank.  For current interest rates go here.  For more information about loans and the process go here.

Contact us by phone 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 the contact form here if you would like us to get back to you.  Let us know the best time and way to contact you.  Search for homes anytime whether you are just keeping an eye on the market, looking to see how your neighborhood is doing with prices or searching to purchase.  Let us negotiate the price and terms that are best.  We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley.  Market update Fox Valley November 11 2017.