Fox Valley home prices June 4

Fox Valley Home Prices April 23

Fox Valley home prices June 4.  I am a day late getting this posted.  All the information was downloaded yesterday though.  It has been busy.

New listings of single family homes were up.  279 this week compared to 243 the previous week.

Closed listings were also up.  306 this week compared to 252 the previous week.

Fox Valley home price June 4

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

Aurora-New 43 $179,900-$700,000

             Closed-39 $157,500-$622,000

Batavia-New 12 $199,000-$676,108

              Closed-10 $244,600-$580,000

Bolingbrook-New 16 $259,900-$495,900

                      Closed-15 $237,500-$759,000

Geneva-New 12 $229,000-$921,500

              Closed-12 $288,000-$1,081,521

Naperville-New 54 $300,000-$1,895,000

                  Closed-67 $290,000-$1,600,000

Oswego-New 11 $264,000-$2,399,000

               Closed-25 $245,000-$631,000

Plainfield-New 32 $220,000-$1,550,000

                 Closed-39 $205,000-$680,000

St Charles-New 25 $235,000-$1,000,000

                  Closed-19 $210,000-$751,000

West Chicago-New 11 $250,000-$1,500,000

                        Closed-8 $293,000-$665,000

Yorkville-New 12 $320,000-$520,000

                Closed-7 $270,000-$550,000

Financing most used, median prices, and 2,000 SF or more

Median price this week $400,000, last week $399,999.

Closed median price this week $410,000, last week  also $410,000

Stats 060422
Stats for week ending June 4

Conventional financing was used to close on 251 homes this week at a median price $430,000 with 12 days average market time, last week 194 homes at median price of $427,550 with 30 days average market time.

Conv 060422
Conventional financing use to close for week ending June 4

Cash was used to close on 18 homes this week at a median price of $391,250 with 13 days average market time, last week 17 homes at a median price of $328,000 with 12 days average market time.

Cash 060422
Cash used to close for week ending June 4

FHA financing was used to close on 19  homes this week at a median price of $310,000 with 24 days average market time, last week 17 homes at median price of $328,000 with 12 days average market time.

FHA 060422
FHA financing used to close for week ending June 4

VA financing used to close on 15 homes at a  median price of $383,000 with 51 days average market time, last week 6 homes at median price of $390,000 with 6 days average market time.

VA 060422
VA financing used to close for week ending June 4

Buyer’s looking for homes that are at least 2,000 square feet or more closed on 193 homes at a median price of $480,000 with 16 days average market time, last week 157 homes at a median price of $500,000 with 29 days average market time.  The minimum price for a home that was at least 2,000 square feet or more was $155,000, last week $255,000.

2000 SF or more 060422
Homes that are at least 2,000 SF or more for week ending June 4

Contracts accepted this week

Contracts accepted this week were down.  218 this week compared to 275 the previous week.

Fox Valley home prices June 4-Contracts accepted this week

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

Aurora-41                           Bolingbrook-14

Naperville-42                    Plainfield-28

St Charles-14                     Yorkville-10

No short sales went under contract this week.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours and 1 that we don’t know the time frame.

The median price of homes under contract this week is $399,450 with 20 days average market time, last week the median price was $399,900 with 17 days average market time.

Contingent Stats 060422

2022 by the month

Month                 New   Closed   Contracts accepted

January               422        492             623

February             523        520             724

March                 734        904             890

April                  1168        966            1334

May                   1101        893             806

June                    279        306             218

Totals               4227      4081           4595

More new listings than closed is a good sign that things are changing slightly.  Prices are still increasing and inventory is low, but we hope June continues to increase the amount of listings of homes for sale.

Check back with us every Saturday for the real estate market update.  We are late this week but try not to be.  At the end of each month we will take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Everything that is bold and underlined you can click on and it will take you to the site for the information.  If there is other information you are looking for not here please let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  If you need to bring up your score they can help you with that.

Request a home valuation if you are thinking about selling your home.  Give is a little information about your home and what has been updated.  Let us know the best way to get in touch with you and we will give you an estimate of what it is worth in today’s market.  You will also get an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the details.

If you are wanting to buy a home you need to get in touch with a loan officer and get them all your financial information and have them put you through underwriting so you are approved for a loan.  It is not enough to just get pre-approved right now.  You will be up against multiple offers so you want to be in the best position to win.

You can sign-up for email alerts so you don’t miss out on anything coming on the market.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

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

All data provided is from our MLS.  MRED, LLC.

Fox Valley home prices June 4.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices May 21

Fox Valley Home Prices April 23

Fox Valley home prices May 21.  We will take a look at what happened in the Fox Valley over the week.  New listings, Closed, median prices, financing most used, homes that went under contract, resources, and 2022 by the month.  No fluff.  Just the data that we hope will help you get to know the Fox Valley real estate market.

New listings were consistent.  307 this week compared to 296 the previous week.

Closed listings were up.  218 this week compared to 182 the previous week.

Fox Valley home prices May 21

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

Aurora-New 51 $165,900-$849,000

             Closed-33 $130,000-$875,000

Bolingbrook-New 31 $159,900-$731,096

                    Closed-13 $220,000-$855,000

Geneva-New 14 $250,000-$1,100,000

             Closed-7 $310,000-$560,000

Montgomery-New 10 $224,900-$369,900

                     Closed-6 $310,000-$385,000

Naperville-New 62 $319,000-$2,750,000

                 Closed-36 $355,000-$1,549,000

Oswego-New 9 $309,900-$1,250,000

              Closed-14 $322,000-$475,000

Plainfield-New 41 $220,000-$1,299,900

                Closed-29 $294,900-$682,500

St Charles-New 28 $279,900-$1,500,000

                  Closed-13 $175,000-$890,000

West Chicago-New 11 $199,900-$1,575,000

                       Closed-7 $225,000-$570,000

Yorkville-New 5 $254,500-$850,000

               Closed-11 $212,000-$575,000

If the communities you are looking at do not have the price range you are looking for, you might need to expand where you are looking.

We just highlighted the communities with the most activity.  Look at the picture above to see other communities that had lower activity.

Financing most used, median prices and 2,000 SF or more

Median list price this week $425,000, last week $415,000

Closed median price this week $405,000, last week $395,000

Stats 052122
Median list and closed price for week ending May 21

Conventional financing was used to close 153 homes this week with a median price of $435,000 and 13 days average market time., last week 124 at median price of $425,000 and 23 days average market time.

Conv 052122
Conventional financing used to close for week ending May 21

Cash was used to close on 36 homes this week with a median price of $405,000 and 15 days average market time, last week 24 homes at  a median price of $402,500 and 17 days average market time.

Cash 052122
Cash used to close for week ending May 21

FHA financing was used to close on 18 homes with a median price of $335,000 and 21 days average market time, last week 25 homes at median price of $300,000 and 18 days average market time.

FHA 052122
FHA financing used to close for week ending May 21

VA financing was used to close on 10 homes this week with a median price of $407,500 and 7 days average market time, last week 8 homes at median price of $346,600 and 66 days average market time.

VA 052122
VA financing used to close for week ending May 21

Homes that were at least 2,000 square feet or more closed on 152 homes at a median price of $466,000 and 14 days average market time, last week 11 homes at median price of $470,000 and 22 days average market time.  Minimum price for homes that are at least 2,000 square feet or more closed at $237,000, last week $192,000.

2000 SF or more 052122
Home that were 2,000 SF or more closed for week ending May 21

Contracts accepted this week

Contracts accepted this week are up.  278 this week compared to 259 the previous week.

Fox Valley home prices May 21-Contracts accepted this week

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

Aurora-43                             Bolingbrook-22

Geneva-10                              Naperville-52

Oswego-16                             Plainfield-35

St Charles-22

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

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

Also, a seller accepted an a contract that is contingent on the buyer selling and closing on their current home.  It has a kick-out clause of 72 hours.

The median price of homes that went under contract this week $392,500 and 18 days average market time, last week median price was $399,900 and 22 days average market time.

Contingent Stats 052122

2022 by the month

Month            New   Closed   Contracts accepted

January                422        492                 623

February              523        520                 724

March                  734        904                 890

April                   1168        966                1334

May                     858         641                  531

Totals          3705    3523           4102

Check back with us every Saturday for the real estate market update.  Next week will be the last full week of the month so we will also compare to 2021 and 2020 so you can see how this year is going.

Resources

Click on everything underlined to go to the site for more information.  If there is any information that you are looking for that is not listed let us know and we will point you in the right direction.

Talk to your loan officer to see what interest rate they will be offering you.  I depends on your credit score.  If you need to improve your score talk to them and they will tell you what to do.

As you can see above, the most common loan type seller’s are looking for right now is a Conventional loan. It helps to get familiar with the different types of loans.

Take the extra step and get all your financial information to a loan officer and have them put you through underwriting so you know how much you are approved for before looking at homes.  It will put you in a better position if you are up against other offers.  I think they should of been doing this all along.  It is hard to wait until a week before closing to find out you are approved.  Sometimes there is last minute things that come up and so late in the game are hard to resolve so your closing date gets moved.

Request a home valuation if you are thinking about selling.  Tell us a little bit about your home and what has been recently updated.  We will let you know an estimate of what it might sell for and show you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

You can sign-up for email alerts.  Choose the area and criteria you are looking for and you will receive an email when something comes up.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

All data provided is from our MLS.  MRED, LLC.  It is constantly updated throughout the day.

Fox Valley home prices May 21.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021.  New listings of single family homes are drastically down.  82 this week compared to 153 the previous week.

Closed listings of single family homes are also down.  158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday.  Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

            Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

                   Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

                 Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

                Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

                  Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities.  You might find something that fits your needs.

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

Median list price this week $359,450, last week $359,000.

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021
Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021
Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021
FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000.  Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021
2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down.  191 this week compared to 235 the previous week.  That is not too bad with this short holiday week.

Fox Valley home prices November 27 2021-Contracts accepted this week

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

Aurora-26                       Bolingbrook-18

Montgomery-15               Naperville-29

Plainfield-20                   St Charles-11

3 short sales were accepted by seller’s this week.  2 in Oswego and 1 in Minooka.  Now they will get submitted to the lender to see fi they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours.

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

2021

Month       New    Closed  Contracts accepted

January         543          649          829

February       561           604          778

March           993         1099         1455

April            1006          926         1387

May             1088         1288         1289

June           1450      1686     1671

July              1118          1182         1210

August         1109         1203          1170

September  1083          1411          1251

October        715           973           930

November     557           854           931

Totals    10223     11875    12901

2020

January       1105           566           858

February     1267           529         1024

March         1186            707         1079

April            648            786           775

May            1352           1010         1444

June           1232            908         1534

July           1417          1453        1852

August       1037           1335         1436

September 1176           1503        1503

October      843            1116          1159

November   567             985           699

Totals   11830      10898    13363

2019

January      878             407           568

February   1032             463           832

March        1731             915         1375

April          1594            792           1307

May           1645           995           1280

June          1643          1253            1218

July           1423          1008            1090

August      1585          1330            1196

September1164             765             869

October    1041             738             776

November  897             946             839

Totals  14633        9612      11350

This year had the best sold homes with the least amount of new listings.  That is the column that is most important.  June was the best month over all this year. 

Most years it is the Spring months that see the most new listings.  The economist’s keep saying we will see more of the same next year.  We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings.  There might be more movement where the projects are.  Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019.  That is the reason for the price increases.  Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goals.

Thinking about moving anytime soon?  Request a home valuation and give us some details about your home and what has recently been updated.  We will provide you with a net proceeds that shows an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead  It might take some time to find a home.  You will need to get all your financial information together and get it to a loan officer so they can pre approve you.  They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score.  They might also offer some assistance.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

How many VA deals closed in week 32

How many VA deals closed in week 32-Cover

How many VA deals closed in week 32?  Shortly we will break it down for you what types of financing was chosen most this week.  There are many veterans that live in the Fox Valley area.  We do not know how many VA offers were not accepted, but we do know how many closed this week.
First we will talk about new listings for the week.  New listings were down.  251 this week compared to 264 the week before.  This is making a low inventory situation even worse.
Closed listings were also down.  291 this week compared to 340 the week before.  This will increase as we get closer to the end of the month.

How many VA deals were closed in week 32

Take a look at the communities that had the most activity this week:
Aurora-New 35 $140,000-$599,900
            Closed-37 $97,000-$711,711
Batavia-New 7 $235,000-$650,000
            Closed-15 $185,100-$679,000
Bolingbrook-New 23 $200,000-$507,174
                   Closed-21 $205,000-$488,000
Geneva-New 11 $235,000-$1,295,000
            Closed-19 $256,000-$1,995,000
Naperville-New 37 $299,900-$2,195,000
                 Closed-52 $290,000-$2,225,000
Oswego-New 8 $289,900-$544,900
             Closed-11 $270,000-$522,000
Plainfield-New 41 $255,000-$899,900
               Closed-37 $225,000-$790,000
St Charles-New 20 $275,000-$1,275,000
                  Closed-32 $253,000-$1,250,000
West Chicago-New 10 $214,000-$1,075,000
                      Closed-6 $253,000-$559,000

Financing, median list and closed price

Median list price this week $361,470, and last week $350,000.
Median closed price this week $375,000, and last week $365,000.
The median list and closed prices have been fluctuating up and down, but basically staying in the same range.

How many VA deals closed in week 32-Stats 081421

Conventional deals that closed this week 221, and last week 248.
Cash deals that closed this week 33, and last week 39.
How many VA deals closed in week 32-Conv and Cash 081421
Conventional and Cash
FHA deals that closed this week 26, and last week 41.
VA deals that closed this week 9, and last week 12.
How many VA deals closed in week 32-FHA and VA 081421
FHA and VA
Totals were down in each one.  We do not know how many VA loan offers are not getting accepted, but the trend you can see is seller’s are accepting more Conventional loans then anything else.  Hopefully, it is not that agents are shying away from VA loans because they think they will be  hard or take longer to close.  If a home is in good condition there should be no problem with getting a VA loan approved.  Using a lender that is familiar with the process is very important.

Contracts accepted this week

Contracts accepted this week were up.  303 this week compared to 281 the week before.

How many VA deals closed in week 32-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:
Aurora-56                                              Batavia-10
Bolingbrook-24                                      Montgomery-15
Naperville-37                                        Oswego-13
Plainfield-41                                          St Charles-24
West Chicago-16                                   Yorkville-19
No short sales were accepted by seller’s this week.
 
Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 6 with 48 hours, and 4 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours.

2021 by the month

Month                      New     Closed     Contracts accepted
January                    543        649             829
February                   561        604             778
March                      993       1099           1455
April                      1006        926            1387
May                       1088      1228            1289
June                      1450       1686           1671
July                       1118      1182            1210
August                      515       631             584
Totals                     7274      8005            9203
We started out the year ahead with closed homes.  Deals that were accepted in 2020 that closed in the beginning of the year.  There is usually a gap between new and closed, but not this year.
It continues to be a seller’s market.  We are still seeing multiple offers, but it is not as intense.  We are starting to see price reductions on some of the higher priced homes.
Contact us
Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Request a home valuation

if you are thinking about selling your home.  Give us some information about what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell so you can see where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home, you will want to find a loan officer that will put you through the process to get pre approved.  Getting pre-qualified just is not enough anymore when you are going to be up against multiple offers.  Seller’s will be confident in accepting an offer with a pre approval before they accept an offer with a buyer that has not gone through the process.
Resources:

We can make recommendations of loan officers, real estate attorneys and home inspectors that we have successfully used in the post.  You can decide who you would like to work with.

How many VA deals closed in week 32.  We hope more agents will get informed about VA loans so they will be more confident in accepting a VA offer.  Our veterans deserve to be able to use their benefits.

Have a great week!

How many VA deals closed in week 32-Kristine Heiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley March 28 2020

Market update Fox Valley March 28 2020
Single Family Homes

Market update Fox Valley March 28 2020.  New listings were down slightly over 25% this week.  192 this week compared to 257 the week before.  All non-essential businesses are shut down right now.  We are essential.  Some people do not realize this and others want to wait until this virus passes.

Closed listings were up just over 7% this week. 204 this week compared to 190 the week before.  This is the end of the month.  This months closings were higher than February by about 25 %.  We will keep an eye on things for the next few months to see how it goes.  Check back with us each Saturday.

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

Aurora-New 20 $109,900-$650,000

            Closed-26 $107,900-$465,000

Bolingbrook-New 12 $124,900-$388,247

                    Closed-19 $165,000-$374,000

Geneva-New 12 $289,900-$1,599,000

             Closed-6 $267,000-$504,000

Naperville-New 46 $284,900-$850,000

                 Closed-34 $236,000-$1,180,000

Oswego-New 11 $175,000-$339,000

             Closed-11 $200,000-$521,300

Plainfield-New 24 $150,000-$586,8000

                Closed-30 $200,000-$469,225

St Charles/Campton Hills-

               New 15 $199,900-$1,150,000

              Closed-12 $248,000-$649,500

Yorkville-New 8 $110,000-$550,000

              Closed-10 $209,977-$452,000

Contracts accepted this week

Market update Fox Valley March 28 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were down just over 37% this week.  179 accepted this week compared to 286 the week before.  This week was a week of adjustment to what is going on with the virus and how to show homes.  

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

Aurora-24                                   Bolingbrook-14

Naperville-22                              Plainfield-30

St Charles/Campton Hills-18      Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  17 with a kick-out clause of 72 hours,6 with 48 hours and 3 with 24 hours.

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

2020 by the month

Month                             New   Closed   Contracts accepted

January                        1,105     566             858

February                      1,267     529          1,024

March                         1,186      707          1,079

Now take a look at the previous 2 years to compare

2019

Month                             New   Closed   Contracts accepted

January                           878      407            568

February                      1,032      463            832

March                          1,731      915        1,375

2018

Month                            New   Closed   Contracts accepted

January                         808       489            606

February                    1,040       444            856

March                        1,549       907         1,564

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal.  We will do everything we can to help you reach your goals.

We are getting updated frequently from the National Association of REALTORS®,  Illinois REALTORS® and Fox Valley Association of REALTORS® on things we need to know going forward with this pandemic.  Friday morning our Association did a Zoom meeting with lenders, title company, inspector, Government affairs to update us on loans going forward.  How things are going with closings and inspections.  Lots of things are changing during this time and they will keep us updated going forward with any changes.

We are classified as essential so some real estate offices are open and some working remotely but we are still working.  I am working remotely.

Showings slowed down at first for a few days but now showings are happening again.  Showing instructions are more important right now.

Pre-approval letters are also more important right now and need to be updated more frequently with the changing market conditions.

Check out these great resources:

Let us know what questions you have and if there is something else you are looking for we will be happy to help you.  If you are looking for legal advice let us know and I would be happy to give you some names of attorneys to contact.

Market update Fox Valley March 28 2020.  Have a great week!  Stay safe and healthy.  Wash your hands.

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

 

Market Update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020.  Happy New Year to all of you!  I hope everyone’s new year is off to a great start.  The last couple of weeks we have had a holiday in the middle of the week so numbers have been off.  3 days of last year are on this weeks numbers.  Next week will be the first full week of the year.

New listings of single family homes this week more than doubled.  138 this week compared to 58 the week before.  Not only were buyers busy getting ready for Christmas the REALTORS®  were busy too getting ready for the holiday the week before.  That is the difference in the 2 holiday weeks.

Closed listings of single family homes this week were not too far.  This week 118 listings closed compared to 106 the week before.  These numbers will increase as we head to the end of the month and no more holidays to interfere with banks and title companies closed.

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

Aurora-New 15 $128,500-$430,000

            Closed-13 $160,000-$290,000

Bolingbrook-New 13 $150,000-$359,000

                     Closed-11 $182,100-$390,000

Naperville-New 27 $319,900-$1,197,000

                 Closed-17 $249,500-$623,800

Oswego-New 13 $199,900-$1,099,000

              Closed-7 $250,000-$368,000

Plainfield-New 15 $245,000-$400,000

                Closed-14 $167,000-$425,000

St Charles/Campton Hills-New 12 $140,000-$786,009

These are the communities that are consistently with higher numbers of new listings and closed homes.  Is it the schools, work, roads or what the communities have to offer?

Contracts accepted this week

Market Update Fox Valley 1-4-2020-Contracts accepted this week

Contracts accepted this week on single family homes was not too far off of the week before.  107 this week compared to 98 the week before.  I am looking forward to getting back to normal next week.  No more holidays for awhile.   

Are you wondering why I keep track of when contracts are accepted?  I like to keep track of all kinds of activity.  This lets me know that there are buyers out there ready to submit offers instead of just looking.  Sometimes they do not close but they are ready to go.  When it gets really active buyers do not have much time to think about what they want to do.  They have to make a decision faster.  Right now inventory is very low so even though numbers are down you still need to make a decision or move on and wait for more homes to come on the market.

Communities that sellers accepted the most contracts this week:

Aurora-15                          Naperville-19

Plainfield-14

1 short sale was accepted this week in Yorkville. Now it will be submitted to the lender to see if they will also accept it as written.

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

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 5 with 48 hours.  Sellers still feel confident they will sell and close.

2020 by the month

Month                  New         Closed        Contracts accepted

January                138            118                   107

We are only 4 days into the new year.  3 of these days are from December of 2019.  Last year is the first year I kept track of the months for the year so it will interesting to compare this year to last as we go along. 

Activity happens year round.  A lot of it has to do with the amount of inventory of homes on the market.  Some months are definitely busier than others. 

Now is a great time to have your home on the market so you don’t have so much competition as you do in the Spring market.  Location, price and condition are the 3 factors that matter to get a home sold.  If it is priced right for the location and condition it will sell.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

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 to well.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you. We can make some recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley 1-4-2020.  Have a awesome week and start to the New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for a different way to search for a home.  You can change to satellite view and it also has a chat feature.  Let us know what you think or if you have any questions.

 

11 30 19 Market Update Fox Valley

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly.  100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly.  154 this week compared 224 the week before.  You can’t judge the market on this holiday week.  Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

            Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

                    Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

                 Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

              Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

                Closed-21 $160,000-$512,156

St Charles/Campton Hills-

                New $254,900-$675,000

                Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

              Closed-3 $175,000-$249,000

Contracts accepted this week

11 30 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before.  Hopefully we will get back to normal this week.

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

Aurora-15                 Naperville-23

Plainfield-20             St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

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

2019 by the month of activity

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

Total           14,992        10,102                11,790

Some of those new listings are homes that have been relisted.  Not all listings that receive contracts close.  Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved.  You need a good REALTOR® and real estate attorney that can help get through some of these issues.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal whether buying/selling your home.

Resources to check out:

Some lenders also help out with costs.  You need to decide what helps out the most.

11 30 19 Market update Fox Valley.  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 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home.  Click on the satellite view.  It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard.  It also has a chat feature.  If you need help navigating let me know.

 

                                         

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.