Fox Valley Market Update August 17 2019

Fox Valley Market Update August 17 2019

Fox Valley market update August 17 2019.  New listings of single family homes was down this week.  315 new listings this week compared to 360 the week before.  So many schools started back up this week for will next week. I am sure that has had an impact on housing slowing down. Once they get settled back into their routines it will probably get back to normal.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2004
  • June-1,643
  • July-1,423
  • August so far-1,003

          Total-11,308

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

Aurora-New 41 $120,000-$795,000

            Closed-38 $80,000-$427,500

Batavia-New 12 $214,900-$579,900

             Closed-5 $199,550-$440,000

Bolingbrook-New 23 $142,500-$495,000

                     Closed-20 $160,000-$410,000

Geneva-New 9 $289,900-$674,900

             Closed-12 $275,000-$830,000

Montgomery- New 6 $194,900-$299,000

                      Closed-11 $182,000-$285,000

Naperville-New 57 $275,000-$1,590,000

                Closed-39 $307,500-$970,000

Oswego-New 15 $189,900-$359,900

              Closed-12 $210,000-$346,000

Plainfield-New 40 $159,888-$1,190,000

               Closed-27 $95,000-$762,000

St Charles/Campton Hills-New 24 $100,000-$1,295,000

                                         Closed-19 $181,500-$515,500

Yorkville-New 16 $162,500-$415,000

              Closed-12 $130,000-$450,000

Closed listings of single family homes were slightly up this week.  255 this week compared to 221 the week before.  We are heading closer to the end of the month so this is to be expected.

Look at the closings of single family homes by the month for 2019:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-1,029
  • August so far-890

          Total-7,140

If August continues the same for the next 2 weeks it could end up the best month for closings for far.  May has been the highest month so far for New listings closings and contracts accepted.

Contracts accepted this week

Fox Valley Market Update August 17 2019-Contracts accepted this week

Contracts accepted this week of single family homes were down.  212 this week compared to 249 the week before.  Again I think this is due to school starting or getting ready to start for some.

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

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218
  • July-1,090
  • August so far-772

          Total-8,867

I think it is important to look at the months that people are making decisions to purchase.  It changes a little bit each year.   A lot of it has to do with inventory.  Some people end up looking for months.  It depends on what price range you are in.  Under $200,00 it is hard to find.  You have more choices above that price range.

Look at the communities that sellers accepted the most contracts on single family homes this week:

Aurora-37                                                  Bolingbrook-15                                                Geneva-10

Naperville-42                                             Oswego-10                                                        Plainfield-25

St Charles/Campton Hills-16

Short sales this week on single family homes were down this week.  2 this week compared to 7 the week before.  that is good news.  there were 1 each in Aurora and Montgomery. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted this week by seller’s that are contingent on the buyer closing on their current home before purchasing.  6 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

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

Contact us

Call us with all of your real estate questions 630-503-6555.  If we do not have the answer we will point you to where or who would have the answer. 

We will do the best we can to find you a home that fits your needs and wants. Give us a good idea of the home that fits all of your wishes and the one that is the bare minimum.

If you are thinking about selling your home we will let you know what you need to do to get your home market ready and provide you with a net proceeds.  This is an estimate of expenses so you will know where you are at. When an offer comes in we will update this so you can make a good decision.

Check out some resources:

Fox Valley market update August 17 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.com@gmail.com

Fox Valley Market Update July 13 2019

Fox Valley Market Update July 13 2019

Fox Valley market update July 13 2019.  Thing are picking back up again since the holiday.  407 new listings of single family homes this week compared to 287 the week before.  What a difference a week makes!  July is usually a slow month with everyone going on vacation.  It is a good time to go on vacation right after you list your home.  Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone.  Wouldn’t that be nice!

2019 listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June-1,643
  • July-694 so far

                  9,576 Total

Closed homes this week were slightly up.  266 this week compared to 236 the week before.  They should increase and we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-523 so far

                  5,744 Total

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

Aurora-New 47 $88,000-$599,900                                                 Closed-40 $76,000-$461,500

Batavia-New 10 $239,000-$799,900                                              Closed-8 $214,000-$365,000

Bolingbrook-New 23 $139,900-$669,900                                       Closed-31 $160,000-$434,500

Geneva-New 13 $275,000-$574,900                                               Closed-8 $385,000-$702,000

Naperville-New 98 $299,900-$2,499,000                                        Closed-48 $273,000-$1,295,000

Oswego-New 20 $229,900-$450,000                                               Closed-25 $150,000-$837,500

Plainfield-New 46 $165,000-$1,200,000                                          Closed-22 $216,000-$475,000

St Charles/Campton Hills-New 35 $159,000-$849,900                    Closed-21 $199,500-$768,000

Sugar Grove-New 11 $242,500-$435,000                                        Closed-5 $275,000-$355,000

Sycamore-New 14 $109,900-$459,000                                            Closed-4 $115,000-$292,400

West Chicago-New 10 $240,000-$589,900                                      Closed-8 $204,900-$557,000

Yorkville-New 17 $215,000-$549,900                                              Closed-7 $225,000-$390,000

Contracts accepted this week

Fox Valley Market Update July 13 2019-Contracts accepted this week

Contracts accepted this week were down.  252 this week compared to 295 the week before.  This should pick up with all the new listings that came on the market this week.

Look at the contracts accepted for 2019 by the month so far:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • July-547 so far

                  7,552 Total

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

Aurora-40                                                               Bolingbrook-25                                                 Montgomery-10

Napervilee-33                                                          Oswego-15                                                        Plainfield-27

St Charles/Campton Hills-22                                   Yorkville-10

Short sales were slightly up this week. 4 this week compared to 2 the week before.  This continues to be good news!  This week there were 2 in Aurora and 1 each in Naperville and Winfield.

Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing.  8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

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

Contact us

Call us with your real estate questions at 630-503-6555.  Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101.  We are keeping an eye on the market. Our goal is to negotiate price and terms that are best whether buying or selling a home.

We will tell you what you need to do to get your home market ready.  Explain the process.  Provide you with a net proceeds that shows you the expenses to sell.

If you are thinking about purchasing you will need to get pre-qualified with a loan officer.  It matters who you use.  If you need recommendations of loan officers we will recommend a few so you can decide who to use.  We will guide you through the process.  

Resources to check out:

Fox Valley market update July 13, 2019.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out a different way to search for a home.  Sign up for free!  It has a chat feature that you can reach us to let us know you want to see something or have a question.  If you click on the satellite view you can see how a home sits on the property.  Does it have a back yard.  Is it on a corner lot.  What else is for sale in the neighborhood and the prices.  How far away is shopping and entertainment.  Let us know what you think!

Fox Valley market update July 13 2019-Satellite view

 

Fox Valley Market Update June 29 2019

Fox Valley Market Update June 29 2019

Fox Valley market update June 29 2019.  New listings were significantly down this week. 365 new listings of single family homes this week compared to 444 the week before.  Not good for buyers that are wanting to find something and get in before school starts again.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2.004
  • June-1,643

                   8,882 total

May so far is the month with the most new listings.  The weather has contributed to the delay in sellers getting their homes on the market.  We went from extreme cold temperatures to nothing but rain.

Closed homes were up this week.  330 single family homes closed this week compared to 303 the week before.  It is the end of the month so that is to be expected.

Closed listings of single family homes 2019 by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253

                  5,221 Total

So far May is the best month for closings of single family homes.  We should see a higher number in July though.

Now take a look at the communities with the most activity this week:

Aurora-New 46 $89,900-$544,900                                               Closed-45 $135,000-$455,000

Batavia-New 12 $260,000-$899,900                                            Closed-10 $200,000-$626,495

Bolingbrook-New 31 $155,000-$450,000                                    Closed-27 $148,050-$395,000

Geneva-New 16 $264,900-$729.900                                            Closed-8 $252,000-$750,000

Montgomery-New 9 $164,800-$297,400                                      Closed-11 $174,900-$297,500

Naperville-New 83 $259,000-$4,000,000                                     Closed-64 $250,000-$1,400,000

North Aurora-New 13 $260,000-$422,380                                   Closed-11 $183,000-$440,000

Oswego-New 17 $192,500-$625,000                                            Closed-14 $185,000-$385,000

Plainfield-New 37 $159,900-$549,000                                          Closed-36 $146,000-$550,000

St Charles/Campton Hills-New 35 $229,000-$2,385,000              Closed-30 $242,000-$1,100,000

West Chicago-New 6 $309,500-$510,000                                      Closed-12 $95,000-$347,500

Yorkville-New 15 $199,900-$614,900                                            Closed-10 $138,500-$390,000

Contracts accepted this week

Fox Valley Market Update June 29 2019-Contracts accepted this week

Contracts accepted this week were slightly lower than last week.  272 contracts accepted this week of single family homes compared to 293 the week before.

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

Aurora-28                                                    Bolingbrook-20                                                   Naperville-50

Oswego-11                                                  Plainfield-39                                                        St Charles/Campton Hills-26

Sugar Grove-10                                          Yorkville-11

Short sales accepted this week of single family homes were the same as last week.  5 both weeks.  1 each in Aurora, Elburn, Montgomery, Naperville and Sheridan.

Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing.  8 with a kick-out clause of 72 hours, 14 with 48 hours and 1 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing.  2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

Accepted contracts in 2019 by the month:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218

                  7005 Total

May is the best month so far for new listings, closings and contracts accepted this year.  Keep in mind that contracts that are accepted don’t always close.  Sometimes they are reactivated because of a home inspection issue, financing does not go through or attorney review and inspection issues can not come to an agreement.

Contact us

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

Resources to check out:

Fox Valley market update June 29 2019.  Have a great week!  Have a safe and happy 4th of July!

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

Try a different way to search and let us know what you think.  You can click on the satellite view and see how the home sits on the property and see what else if for sale in the neighborhood.

Fox Valley Market Update June 1 2019

Fox Valley Market Update June 1 2019

Fox Valley market update June 1 2019.  New listings of single family homes were down this week.  359 this week compared to 402 the week before.  Holidays do have an impact.  It was a shorter week with Memorial Day on Monday this last week.  Most schools are now out so things will get back to normal.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004

Closings this week of single family homes were up this week.  296 this week compared to 236 the week before.  End of the month is when most buyer’s want to close.

Closings of single family homes in 2019 by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,095

May has turned out to be the best month so far for new listings and the amount of closings in the Fox Valley.  We are looking forward to starting a new month!

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

Aurora-New 38 $130,000-$925,900                                          Closed-38 $78,000-$420,000

Batavia-New 18 $215,000-$599,000                                         Closed-8 $249,900-$630,000

Bolingbrook-New 25 $175,000-$529,000                                 Closed-16 $161,000-$586,000

Geneva-New 14 $299,000-$949,900                                        Closed-10 $181,000-$2,100,000

Montgomery-New 14 $179,900-$325,000                               Closed-20 $141,000-$303,000

Naperville-New 77 $310,000-$999,000                                    Closed-50 $241,000-$2,374,029

Oswego-New 15 $192,000-$944,000                                       Closed-15 $100,000-$940,001

Plainfield-New 40 $194,999-$620,000                                     Closed-30 $148,000-$425,000

St Charles/Campton Hills-New 32 $185,000-$1,095,000         Closed-23 $180,000-$774,000

West Chicago-New 11 $209,900-$699,900                              Closed-10 $179,900-$420,000

Yorkville-New 13 $223,000-$549,900                                       Closed-12 $156,000-$485,000

Contracts accepted this week

Fox Valley Market Update June 1 2019-Contracts accepted this week

Contracts accepted of single family homes this week were down.  285 this week compared to 333 the week before.  Now that the holiday is over things should get back to normal.

2019 contracts accepted of single family homes by the month:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665

The end of June and into July should have a good number of closings.  May is the best month so far for activity in the Fox Valley.

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

Aurora-39                          Bolingbrook-23                        Montgomery-15                                   Naperville-50

Oswego-23                        Plainfield-37                             St Charles/Campton Hills-25

Accepted contracts on short sales of single family homes was also down.  2 this week compared to 4 the week before.  There was 1 each in Montgomery and Naperville.

Contracts were accepted on homes that are contingent on the buyer closing on their current home.  9 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.

Seller’s also accepted contracts on homes 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.

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.  Our goal is to negotiate price and terms that are best.

Now that school is out it is a great time to get your home on the market.  Hopefully we are coming to the end of all the rain we have been having so you can get your yard and flower beds in shape to welcome buyers.

Resources to check out:

Fox Valley market update June 1 2019.  Have a great week!  Let us know what questions you have.

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

Try a different way of searching.  Click on the satellite view so you can see if the home has a yard, is on a corner lot or any other homes for sale there and how much. 

Market Update Fox Valley-March 16 2019

Market Update Fox Valley-March 16 2019

Market update Fox Valley-March 16 2019.  Spring market is picking up steam.  350 new listings of homes this week compared to 327 last week.  You can see the difference when you look at it by the month.

  • January-878
  • February-1,032
  • March so far-1,021

We still have 2 more weeks to go in March and we are almost to February numbers this week.

Closed homes this week were also up this week.  166 this week compared to 131 last week.  January and February started out pretty slow but we are picking up now.

  • January-407
  • February-465
  • March so far-540

We have already passed up the totals for the first two months of the year and we are not finished with March yet.

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

Aurora-New 35 $90,000-$724,900                                          Closed-28 $70,000-$386,000

Bolingbrook-New 23 $169,900-$586,000                               Closed-15 $118,000-$375,000

Geneva-New 12 $193,000-$2,450,000                                   Closed-5 $260,000-$371,500

Montgomery-New 18 $169,900-$309,990                              Closed-9 $125,000-$288,619

Naperville-New 86 $319,900-2,490,000                                 Closed-22 $252,500-$1,155,000

Oswego-New 19 $149,900-$598,000                                     Closed-7 $215,786-$342,500

Plainfield-New 34 $124,900-$598,000                                   Closed-25 $170,000-$425,000

St Charles/Campton Hills-New 35 $219,000-$3,999,999      Closed-12 $141,000-$498,800

West Chicago-New 16 $179,000-$639,000                            Closed-3 $130,000-$393,000

Yorkville-New 11 $177,000-$1,299,900                                 Closed-5 $215,000-$380,000

Contracts Accepted this Week

Market Update Fox Valley-March 16 2019-Contracts Accepted this Week

Contracts accepted were up slightly this week.  283 this week compared to 267 last week. More new listings coming on the market will increase these numbers as this month moves along.  Take a look at the totals for each month so far.

  • January-608
  • February-832
  • March so far-774

We are not done with March yet so we will exceed the totals for the months so far.

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

Aurora-37                      Bolingbrook-17                      Geneva-18                                        Naperville-47

Oswego-15                    Plainfield-37                           St Charles/Campton Hills-17            Sycamore-12

West Chicago-11           Yorkville-11

Short sales this week were similar to the week before.  9 this week compared to 8 last week.  4 were in Naperville this week, 2 in Aurora and 1 each in Bolingbrook, Plano and Yorkville.

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, 6 with 24 hours and 4 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still has to sell their current home and close before purchasing.  3 with a kick-out clause of 72 hours and 4 with 48 hours.

Contact us

Give us a call at 630-503-6555 with all of your real estate questions.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker. Our goal is to negotiate price and terms that are best whether you are selling or buying a home.  

If you are thinking about selling this year now is the time to get it on the market. Spring market is the best time to sell.  We can update the value of your home in the current market.  Provide you with a net proceeds so you can see the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying? Your first step is to contact a loan officer and find out what price range and type of loan will workout best for you.  They will provide you with a letter that we need to put with an offer to show the Seller that you qualify for their home.

Check out some resources:

Market update Fox Valley-March 16 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

New search tool here.  You can see where a home is located within a block or subdivision.  A birds eye view.

Market Update Fox Valley-December 1 2018

Market Update Fox Valley-December 1 2018Market update Fox Valley-December 1 2018.   Definitely an increase in new listings this week!  156 this week compared to 90 last week.  Last week was a holiday week so it was a short week.  Next week will be our first full week of December.  The last month of the year.  It is time to start thinking about next year.  If you are thinking about selling in 2019 now is the time to start planning.  You might even want to ask for certain things for gifts to help with fixing something up or replacing something to spruce it up.

Closing this week were also up.  180 this week compared to 122 last week.  This week was the last full week of the month which is always busy.  This next month should be a repeat of this month with a holiday at the end of the month and everyone wanting to close at the end of the month and also the end of the year.

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

Aurora-New 31 $115,360-$499,900                                                   Closed-25 $102,000-$482,000

Bolingbrook-New 13 $189,900-$415,000                                         Closed-19 $115,000-$416,000

Montgomery-New 3 $155,000-$243,800                                          Closed-12 $145,000-$275,000

Naperville-New 22 $219,000-$1,450,000                                          Closed-24 $210,000-$688,000

Plainfield-New 19 $159,900-$589,900                                              Closed-25 $177,500-$572,500

St Charles/Campton Hills-New 15 $174,900-$1200,000               Closed-10 $180,000-$653,833

Contracts Accepted this Week

Market Update Fox Valley-December 1 2018-Contracts Accepted this WeekContracts accepted this week by Sellers were down this week.  128 this week compared to 137 last week.  If you are not from the area last Sunday we had heavy wet snow that I think slowed things down for the beginning of the week.  People were out of power Sunday night into Monday and some even longer than that.

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

Aurora-30                          Bolingbrook-10                                  Geneva-10

Naperville-13                    Plainfield-14                                       St Charles/Campton Hills-11

Short sales accepted this week were the same as last week.  2 were accepted both weeks.  Now they will be submitted to the lender to see if they will also accept contract as written.

Contracts were accepted by Sellers that are contingent on the Buyers closing on their current home before the can purchase.  2 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts that are contingent of the sale and closing on the Buyers current home. 1 each with a kick-out clause of 72, 48 and 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.  Our goal is to negotiate price and terms that are best whether buying or selling a home.  We make it our business to find the perfect fit for your needs.

Let us update your home value and provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in and we know all the terms so you can make a decision.

Buyers need to get pre-qualified to begin looking at houses.  The loan officer will provide them with a letter that will go with an offer when they find a home.  This needs to be within the last 30 days or it will have to be updated.

Other things to look at:

Let us know what real estate questions that you have.

Market update Fox Valley-December 1 2018.  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-November 17 2018

Market Update Fox Valley-November 17 2018Market update Fox Valley-November 17 2018.  New listings this week were consistent with last week. 199 this week compared to 221 last week. No this is not Spring market but we are staying consistent so that is good!  It is a good time to sell without all the competition.  The most important thing is to be priced right for condition and location.

Closed homes this week were up.  204 closed this week compared to 151 last week.  We are getting closer to the end of the month and also a holiday so that is to be expected.

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

Aurora-New 27 $119,900-$520,000                                                    Closed-21 $122,000-$423,000

Bolingbrook-New 14 $150,000-$379,900                                           Closed-16 $210,000-$430,000

Geneva-New 8 $338,500-$575,000                                                     Closed-10 $260,000-$626,000

Naperville-New 40 $224,900-$999,500                                              Closed-34 $207,500-$761,117

North Aurora-New 12 $160,000-$635,000                                         Closed-9 $186,000-$410,000

Plainfield-New 27 $145,000-$639,900                                               Closed-29 $190,000-$511,000

St Charles/Campton Hills-New 18 $199,900-$775,900                   Closed-15 $195,000-$965,000

Contracts Accepted this Week

Market Update Fox Valley-November 17 2018-Contracts Accepted this WeekContracts accepted by Sellers this week were slightly down.  171 this week compared to 188 last week.  The market has slowed down but it really has been pretty consistent since the beginning of September.  Some weeks are slightly higher some lower but within the same range.

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

Aurora-27                             Bolingbrook-15                                 Naperville-21

Plainfield-17                        St Charles/Campton Hills-21

Short sales accepted this week were the same as last week.  6 both weeks just different communities.  1 was accepted in Aurora, Montgomery, Oswego, St Charles/Campton Hills and 2 in Yorkville.  Now they will be submitted to the lender to see if they will also accept as written.

If a contract is cash there is usually contingencies of home inspection and attorney review.  Other contracts are also contingent on the Buyer obtaining financing.  Some Buyers have a home already.  They have to add a contingency on their home closing before purchasing if they have already accepted an contract on their current home.  This week 5 added a kick-out clause of 48 hours and 1 with 24 hours.  Other Buyers have not sold their current home yet so they had to add a contingency of selling and closing on their current home.  3 this week with a kick-out clause of 72 hours and 5 with 48 hours.

We know this can all be confusing especially if it is your first time or it has been a while since the last time you bought or sold a home.

Contact us

Give us a call at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We will be happy to go over everything with you.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.,

Request an updated market analysis so you know what your home is worth in the current market.  You will be provided a net proceeds that shows an estimate of expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a decision to accept, reject or counter.

We can recommend a few real estate attorneys, loan officers and home inspectors that we have worked with so you can decide who is best for you to work with.

Learn more:

Market Update Fox Valley-November 17 2018.  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-November 10 2018

Market Update Fox Valley-November 10 2018Market update Fox Valley-November 10 2018.  New listings of Single-Family homes were pretty consistent.  221 this week compared to 219 last week.  There is still time to get into a new home before the end of the year.

Closed listings this week were down. 151 this week compared to 262 last week. That is the difference between end of the month and the beginning.  Most Buyers want to close at the end of the month.

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

Aurora-New 33 $83,200-$429,000                                              Closed-24 $120,000-$461,000

Bolingbrook-New 18 $192,500-$422,900                                  Closed-16 $138,760-$400,000

Naperville-New 28 $294,500-$1,359,000                                   Closed-26 $244,000-$2,400,000

Plainfield-New 31 $179,900-$899,316                                       Closed-22 $172,000-$400,000

St Charles/Campton Hills-New 20 $249,900-$1,159,000        Closed-9 $150,000-$420,000

Contracts Accepted this Week

Market Update Fox Valley-November 10 2018-Contracts Accepted this WeekContracts accepted this week were slightly higher than last week. 188 this week compared to 157 last week.  Buyers are still out there looking for the best home for their price range.

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

Aurora-25                              Bolingbrook-23                                        Naperville-22

Plainfield-18                         St Charles/Campton Hills-15                Yorkville-16

Short sales still remain low.  6 contracts accepted this week compared to 3 last week.  Now they will be submitted to the lender to see if they will also accept as written.

Geneva, Montgomery, Naperville, Plainfield, Plano and Warrenville each accepted 1 short sale this week by the Sellers.

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, 2 with 48 hours and 3 with 24 hours.

Contingencies on the sale and close of the Buyers current home were also accepted by Sellers.  6 with a kick-out clause of 72 hours, 4 with 48 hours and 3 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.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.

We can update the value of your home in the current market and provide you with a net proceeds so you have an estimate of expenses.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying?  You will need to contact a loan officer to get pre-qualified.  They will provide you with a letter showing what you qualify for that will go with an offer when you find a home.  This should be no older than 30 days.

Things to check out:

Let us know what questions you have.

Market update Fox Valley-November 10 2018. 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-July 14 2018

Market Update Fox Valley-July 14 2018Market Update Fox Valley-July 14 2018.  New listings are way up this week!  407 this week compared to 262 last week.  Making up for the holiday short week.  Sellers held off to list until after the holiday. This is great news for buyers!

Closings were slightly up from last week.  240 this week compared to 204 last week during the holiday week. It is also the beginning of the month so the numbers are going to be down.  We will see them go up as the month continues.

Take a look at the communities with the most activity this week of single family homes:

Aurora-New 56 $103,000-$528,900                         Closed-33 $80,000-$420,000                    Active-312 $99,900-$1,450,000 with 3 Auctions

Batavia-New 10 $99,000-$519,000                          Closed-13 $197,000-$775,000                  Active-101 $99,000-$1,575,000

Bolingbrook-New 31 $167,000-$400,000                Closed-12 $154,900-$559,900                  Active-161 $149,900-$849,900 with 1 Auction

Geneva-New 23 $219,900-$874,900                        Closed-12 $288,000-$924,500                  Active-170 $169,000-$1,695,000

Montgomery-New 10 $124,900-$267,000              Closed-8 $166,900-$265,000                    Active-66 $119,900-$331,500

Naperville-New 83 $205,000-$1,899,000                Closed-43 $214,000-$1,233,361               Active-708 $205,000-$6,800,000 with 1 Auction

Oswego-New 14 $169,000-$519,000                       Closed-9 $219,900-$403,000                    Active-126 $169,000-$1,595,000

Plainfield-New 49 $150,000-$724,900                     Closed-25 $156,000-$515,000                  Active-319 $150,000-$2,200,000 with 1 Auction

St Charles/-New 40 $180,000-$769,500                  Closed-17 $200,000-$755,000                  Active-441 $91,108-$3,895,000 with 1 Auction

Campton HIlls

West Chicago-New 12 $219,900-$440,000             Closed-9 $105,000-$425,000                     Active-125 $175,000-$899,000

Yorkville-New 13 $229,900-$324,000                      Closed-7 $189,525-390,000                        Active-137 $159,900-$1,399,000 with 1 Auction

In most communities this week the active listings went up.  We will have to keep an eye on that to see if it is just after the holiday week or if things are starting to slow down.

Contracts accepted this week

Market Update Fox Valley-July 14 2018-Contracts Accepted this week

Contracts accepted this week were up. 264 this week compared to 243 last week.  We hope next week these numbers are even better. July is usually the month that many people head out for vacations.  Sometimes things slow down and pick back up in August.  We are still seeing multiple offer situations so maybe things will keep humming along.

Take a look at the communities that sellers accepted the most contracts this week in Single Family homes:

Aurora-41                                 Bolingbrook-17                                  Montgomery-13

Naperville-48                           Oswego-15                                         Plainfield-27

St Charles/Campton Hills-28

Short sales were up slightly this week. 7 this week compared to 3 last week. They are still low in number so that is a great thing.  Now they will be submitted to the lender to see if they will also accept that as written.

Sellers accepted contracts this week that are contingent on the closing of the buyers current home.  The buyers already have a contract on their home but need to close before purchasing.  9 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that the buyer still needs to sell their current home and close before purchasing.They might or might not already have their home on the market.  4 with a kick-out clause of 72 hours and 4 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 104 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best.

We will let you know the current value of your home in today’s market.  Provide you with a net proceeds so you can see the costs to sell.  Let you know the best things to do to get your home market ready.

If you are thinking about purchasing your first step is to talk to a loan officer to get pre-qualified so you know what price range you should look in and if you need to work on your credit score. Find out what type of loan will work out best for you so you know what properties will work for the type of financing you will be going for.

Look up current interest rates. Your credit score will determine what interest rate you might be offered.

Check to see if you qualify for down payment assistance.  Everyone should look and also ask your loan officer what they do to help with your costs. Illinois also offers a few programs you should take a look at.

If you are a veteran and are looking for information about VA loans.  See what the requirements are the process.

Market update Fox Valley-July 14 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

630-503-6555

1444 N Farnsworth Ave, Suite 104 

Aurora, IL 60505

besthomesfv@gmail.com

Market Update Fox Valley-June 16 2018

Market Update Fox Valley-June 16 2018Market Update Fox Valley-June 16 2018.  New listings this week were slightly less then last week.  375 this week compared to 387 last week.  We still are not quenching the thirst for the buyers out there still looking.  It is still a great time to be a seller!

Closed listings this week were slightly higher than the week before.  326 closings this week compared to 295 last week.  These numbers will get higher as we head into the end of the month.

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

Aurora-New 45 $110,000-$689,900                     Closed-51 $84,000-$505,000                  Active-273 $90,000-$1,450,000 with 5 Auctions

Batavia-New 15 $175,000-$519,000                    Closed-10 $225,000-$472,000                Active-102 $165,000-$1,210,000

Bolingbrook-New 22 $165,000-$867,500            Closed-19 $165,000-$350,000                Active-129 $151,000-$867,500 with 2 Auctions

Geneva-New 20 $234,900-$699,900                    Closed-11 $225,000-$760,000                 Active-153 $170,000-$1,695,000

Montgomery-New 12 $177,500-$289,900           Closed-14 $133,000-$275,000                 Active-64 $144,900-$343,000

Naperville-New 87 $269,900-$1,250,000             Closed-60 $259,000-$1,450,000              Active-665 $219,900-$6,800,000 with 2 Auctions

Oswego-New 17 $179,900-$419,900                   Closed-19 $170,500-$377,000                 Active-123 $130,000-$1,595,000

Plainfield-New 44 $168,000-$594,900                 Closed-48 $170,500-$600,000                 Active-299 $168,000-$2,200,000 with 1 Auction

Plano-New 10 $35,000-$593,500                          Closed-3 $147,000-$200,000                   Active-48 $35,000-$593,500

St Charles-New 35 $75,000-$679,900                  Closed-20 $$185,000-$633,000               Active-454 $75,000-$3,895,000

Sycamore-New 4 $224,800-$395,000                  Closed-11 $119,900-$355,000                  Active-64 $114,000-$519,900

West Chicago-New 15 $168,000-$875,000         Closed-12 $119,000-$458,000                  Active-108 $119,900-$899,000

Yorkville-New 11 $229,900-$650,000                   Closed-5 $240,000-$416,000                    Active-124 $129,900-$974,000 with 1 Auction

Contracts Accepted This Week

Market Update Fox Valley-June 16 2018-Contracts accepted this weekContracts accepted this week were almost even this week.  311 this week compared to 303 last week.  It is still common to be in a multiple offer situation for buyers.  It can be frustrating but you need to keep trying and make your offer as strong as possible so you can win.

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

Aurora-63                          Bolingbrook-21                           Montgomery-14                           Naperville-60

Oswego-17                       Plainfield-37                                St Charles-19                                Yorville-15

Short sale contracts accepted this week remain low. 6 this week compared to 4 last week.

Sellers accepted contracts this week that are contingent on the buyers current home closing before purchasing.  The buyers have already accepted a contract on their current home but need to close first.  8 with a kick-out clause of 72 hours, 12 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers 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.  3 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

Contact Us

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

If you are thinking about selling let us update your market analysis so you know the value in the current market.  You might be very please with the increase of prices.  We will provide you with a net proceeds.  This will give you an estimate of the costs to sell your home.  This will be updated when an offer comes in and we know all the terms.

Looking to purchase a home?  Your first step is to talk to a loan officer to get pre approved so you know the best price range to look.  They will provide you with a pre approval letter that will need to go with an offer when you find a home.  You need to see what type of loan that will work for your situation.  Learn more about loan and the process.

Take a look at the current interest rates. They are talking about raising rates a couple more times yet this year.  Raising the rates will affect what you qualify for.

You can search and see if you qualify for and assistance with  a down payment,.  If you are a police officer, fire fighter or veteran you really need to look.

Veterans can search information about getting a VA loan.  There is some good information there.

Let us know what questions you have.

Market Update Fox Valley-June 16 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

630-503-6555

besthomesfv@gmail.com

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505