2021 market update week 7

Address: 200 Webster St, Montgomery, Illinois, 60538, US
Telephone: 630-503-6555

Posted on February 20, 2021February 20, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 7

2021 market update week 7 here in the Fox Valley area of Illinois. New listings of single family homes were down. 133 this week compared to 148 the week before. We are not going in the right direction. It was extremely cold this week and next week we should head into the 30’s so that should help.

Closed listings of single family homes were up. 134 this week compared to 116 the week before. We are heading into the end of the month so they should even be higher next week.

I included the graph this time so you can see the information presented that way as well.

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

Aurora-New 12 $150,000-$425,000

Closed-25 $145,100-$435,000

Geneva-New 10 $285,000-$949,900

Closed-4 $237,500-$657,500

Naperville-New 25 $325,000-$7,250,000

Closed-29 $342,000-$1,200,000

Oswego-New 9 $269,900-$974,800

Closed-10 $270,000-$520,000

Plainfield-New 24 $249,900-$629,712

Closed-15 $168,000-$449,900

St Charles/Campton Hills-

New 13 $232,900-$2,000,000

Closed-4 $286,000-$410,000

The graph above shows minimum list price $144,900, median price $369,00, average price $439,234 and maximum price $7,250,00

Closed sale price minimum $145,000, median $325,656, average $360,137 and maximum $1,200,000.

Contracts accepted this week

Contracts accepted this week on single family homes was up. 242 this week compared to 228 the week before. Even with the extreme temperatures it did not keep the buyers from getting out there looking and writing offers. So no reason to wait to get your home on the market today.

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

Aurora-42 Batavia-13

Bolingbrook-10 Geneva-16

Naperville-45 Plainfield-30

St Charles/Campton Hills-16

Only 1 short sale was accepted by a seller this week. It was in Aurora. Now it will be submitted to the lender to see if they will also accept.

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

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

Contracts accepted minimum price was $105,000, median $353,220, average $403,289 and maximum $2,150,000.

You can see the median and average prices of new, closed and contracts accepted are all in the $300,000 and into the $400,000 price range. That is not affordable to the average buyer out there. We need more listings under those price ranges so more buyers can purchase.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 409 396 721

Totals 952 1045 1550

Check back with us every Saturday for the market update. At the end of each month I will compare this year to the previous 2 years so you can see how the market is doing.

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.

E-learning had changed things this year and last. People are not working around the school schedule like they normally would. Buyers are not waiting for Spring market to close and move at the end of May through August. They are have stayed out there looking for homes because of the shortage of inventory and it really doesn’t matter when they move.

Right now is the time to get your home on the market if you are thinking about selling this year. Low inventory has really increased the prices. Request a home valuation so I can let you know what your home is worth in today’s market. I will provide you with a net proceeds that shows you the expenses to sell. When an offer comes in and we know all the terms this will be updated so you can make a good decision.

Thinking about buying a home this year. Get in touch with a loan officer right away so you can get prequalified so you are ready to go. They will give you a letter that will go with an offer when you find a home. It will show what price and type of loan you qualify for so a seller will know that you qualify for their home. Be ready to go look as soon as a home comes up in your price range and be ready to make an offer. Some homes are getting offers the day they put it on the market if it is priced right and in good condition.

Resources to check out:

Even if you do not think you might qualify for assistance it is worth checking out. Some lenders also offer assistance you need to ask them.

If you are looking for other information let us know so we can point you in the right direction.

2021 market update week 7. Have a great week!

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

2021 market update week 6

Posted on February 13, 2021February 13, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 6

2021 market update week 6. New listings of single family homes is up by exactly 20. 148 this week compared to 128 the week before. Even with all the snow seller’s made the decision to put their home on the market. Great choice because we are in a seller’s market! We hope this will increase as we go forward. There are too many buyer’s out there waiting for new listings to come on the market.

Closed listings of single family homes was down this week. 116 this week compared to 146 the week before. Closings will increase as we head to the end of the month when most buyers want to close.

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

Aurora-New 24 $129,900-$634,999

Closed-13 $110,000-$430,000

Bolingbrook-New 5 $199,900-$299,900

Closed-14 $205,000-$368,000

Naperville-New 27 $339,900-$2,399,000

Closed-19 $357,000-$915,000

Plainfield-New 16 $239,900-$479,900

Closed-13 $195,000-$452,500

St Charles/Campton Hills-

New 14 $269,900-$3,995,000

Closed-10 $262,500-$815,000

Contracts accepted this week

Contracts accepted on single family homes was down this week. 228 this week compared to 251 the week before. New listings were down last week so that probably contributed to lower accepted contracts this week.

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

Aurora-37 Batavia-11

Bolingbrook-16 Geneva-11

Naperville-52 Oswego-19

Plainfield-23 St Charles/Campton Hills-10

5 short sales were accepted this week. 3 in Aurora and 1 each in Geneva and Waterman. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 2 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. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 that might be 24 hours but it was not marked so I don’t know.

There is still confidence in the market with sellers accepting these contingencies.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 276 262 479

Totals 819 911 1308

Closed listings is the numbers you should pay attention too. They are actual numbers. New listings can be cancelled and relisted as new and contracts accepted sometimes do not make it past the home inspection and attorney review and go back on the market. Then get a contract accepted again.

At the end of each month I will compare to the previous 2 years so you have something to compare to so you can see how this year is going.

Check back with us every Saturday for the 2021 market update.

Contact us

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

Thinking about selling this year? Request a home valuation and give us some details about your home and any updates that you have recently completed. We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you 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 a home you will need to contact a loan officer to get prequalified. Get together 2 years of tax returns, pay stubs, bank statements, credit card statements, car loan information and any other monthly expenses you have. They will provide you with a letter showing the price and type of loan that works out best for you. When you find a home this will need to go with your offer so you can show the seller that you do qualify for their home.

Resources to check out:

There is some great information in each of these sites. If there is any other information that you are looking for let me know and I will point you in the right direction.

Do you need recommendations on loan officers, real estate attorneys or home inspectors? We can give you a few of each to contact so you can decide who you want to work with.

2021 market update week 6. Have a great week!

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

2021 market update week 5

Posted on February 6, 2021February 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 5

2021 market update week 5. Slightly more listings of single family homes added this week. 128 this week compared to 120 the week before. Buyer’s are looking for so much more to hit the market. Especially more in each price range. Multiple offers are here until we see a big jump in homes coming on the market.

Closed listings of single family homes was slightly down. 146 this week compared to 159 the week before. The decrease from the end of January to the beginning of February was not that great. They should slightly increase from here to the end of the month.

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

Aurora-New 19 $130,000-$424,900

Closed-24 $125,000-$392,500

Bolingbrook-New 7 $225,000-$494,000

Closed-11 $166,000-$364,000

Naperville-New 25 $299,000-$1,850,000

Closed-29 $250,000-$1,250,000

Plainfield-New 18 $225,000-$474,633

Closed-19 $210,000-$612,500

St Charles/Campton Hills-

New 8 $285,000-$1,500,000

Closed-12 $255,000-$630,000

Contracts accepted this week

Contracts accepted on single family homes this week was slightly higher. 251 this week compared to 246 the week before. These numbers would be so much higher if there were more homes on the market. It does not seem to matter what time of year it is like most years. Buyer’s have been looking and waiting for so long that they will grab a home when they can get it. It makes it kind of hard when you are working around a lease.

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

Aurora-26 Bolingbrook-18

Geneva-15 Naperville-41

Oswego-18 Plainfield-33

St Charles/Campton Hills-26 Yorkville-15

4 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, Montgomery and Warrenville. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 5 with 48 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 72 hours and 4 with 48 hours.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 128 146 251

Totals 671 795 1080

Check back with us every Saturday for the 2021 market update. At the end of each month I will show you the previous 2 years so you will have something to compare too so you can see how the market is doing.

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.

Homes are selling like hotcakes! If you have been thinking about making a move, now is the time to sell. Get rid of all the unnecessary things you have been holding on to. Do a deep clean and put a fresh coat of paint in each room. Check for any repairs that need to be tended to now. Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you and 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.

Are you thinking about buying a home this year? Get in touch with a loan officer to get prequalified. You will need 2 years of tax returns, pay stubs, bank statements, car payment and credit card information. If you have any other monthly payments you will need to have them too. They will provide you with a letter showing the price and type if loan that will work out best for you. When you find a home this will go with an offer to show the seller that you qualify for their home.

Resources to check out:

Let me know what other information you are looking for and we will point you in the right direction. We will also give you a few recommendations for loan officers, real estate attorneys and home inspectors if you don’t have someone already.

I am here to guide you through the process.

2021 market update week 5. Have a great week!

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

2021 market update week 4

Posted on January 30, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 4

2021 market update week 4. New listings of single family homes were way down. 120 this week compared to 148 the week before. They need to be increasing to satisfy all the buyers that are out there waiting for something new to come on the market. You can always consider new construction. Let us help you with this process as well.

Closed listings of single family homes were practically identical from last week. 159 this week compared to 157 the week before. These numbers would be so much higher if there were more homes on the market. Buyers have not slowed down because of the pandemic or because it is winter. It is almost like time of year really doesn’t matter. They have been waiting for so long to find a home.

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

Aurora-New 8 $174,900-$389,900

Closed-18 $105,000-$517,500

Bolingbrook-New 12 $150,000-$429,900

Close-8 $205,000-$465,000

Naperville-New 29 $314,900-$1,250,000

Closed-25 $297,500-$1,067,500

Oswego-New 4 $285,000-$325,000

Closed-12 $152,000-$439,900

Plainfield-New 18 $250,000-$1,200,000

Closed-16 $255,000-$518,626

St Charles/Campton Hills-

New 15 $214,900-$1,535,000

Closed-15 $227,500-$638.968

Contracts accepted this week

Contracts accepted this week were right on point. 246 this week compared to 245 the week before. Now for the home inspection and attorney review period.

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

Aurora-41 Bolingbrook-11

Geneva-10 Naperville-47

Plainfield-29 St Charles/Campton Hills-18

Yorkville-16

2 short sales were accepted by seller’s this week. 1 each in Plainfield and Winfield. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 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. 1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours. 1 was marked home sale but not defined.

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

2021

Month New Closed Contracts accepted

January 543 649 829

2020

January 1105 566 858

2019

January 878 407 568

In 2020 there were 5 weeks so that is the difference there. Closed is the column that is most important and actual numbers. New and contracts accepted can be counted more than once if a listing was relisted as new and if a contract doesn’t go through it will be counted again when it gets another contract.

At the end of each month I will show you the 3 years so you can see how this year is going with something to compare too.

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.

Thinking about selling this year to get more or less space? Right now it is a seller’s market. Inventory of homes for sale is extremely low so you do not have much competition and the prices are going up. Request a home valuation and give us some information about any updates that you have completed. We will give you a net proceeds that shows 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.

If you are thinking about buying you will need to contact a loan officer first to get prequalified. Get together a couple of years tax returns, check stubs, bank statements, credit card information, car payment info and any other monthly expenses you have to give to the loan officer. They will give you a letter that shows what price and what type of loan that works out best for you. We will give this along with an offer when you find a home.

Resources to check out:

Do you need recommendations for a home inspector or real estate attorney? We can provide you with a few to contact so you can decide who you would like to work with.

A zoom meeting can be set up to go over the process to get started. We will guide you through the process.

2021 market update week 4. Have a great week!

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

2021 market update week 3

Posted on January 23, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 3

2021 market update week 3. Welcome back for our market update this week. New listings of single family homes are up by 9. 148 single family homes listed this week compared to 139 the week before. We are headed in the right direction but we really need to ramp this up to relieve the frustration of all the buyers out there trying to find a home.

Multiple offers is still the norm. You need to be ready to jump when a new home hits the market in your price range and be ready to be creative to get the sellers attention to your offer.

Closed listings of single family homes were down by 11. 157 this week compared to 168 the week before. Next week is the last full week of the month so they should increase because that is when most buyers want to close.

Look at the communities with the most activity this week:

Aurora-New 23 $25,000-$379,900

Closed-25 $65,000-$560,000

Bolingbrook-New 8 $189,997-$479,900

Closed-10 $155,000-$338,000

Naperville-New 36 $281,785-$4,700,000

Closed-24 $215,553-$770,000

Plainfield-New 16 $215,000-$503,000

Closed-19 $212,500-$520,000

St Charles/Campton Hills-

New 16 $159,900-$1,295,000

Closed-13 $229,900-$915,000

Yorkville-New 14 $285,000-$689,900

Closed-7 $275,000-$351,000

The picture above shows other communities that had activity this week. You should be able to click on it to make it larger. If you are not finding the price range in the community that you are looking to move to, you might need to look in other communities.

Contracts accepted this week

Contracts accepted this week were up by 66. 245 sellers accepted contracts this week compared to 179 the week before.

If you are waiting for Spring market don’t. Buyers are out there right now and prices are up because of low inventory. It is a great time to sell!

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

Aurora-28 Batavia-11

Bolingbrook-14 Geneva-12

Naperville-63 Oswego-19

Plainfield-23 St Charles/Campton Hills-12

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

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

2021 market by the month

Month New Closed Contracts accepted

January 423 490 583

Next week will be the last full week of the month so I will compare to 2020 and 2019 so you can see how this year is going.

Contact us

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

Thinking about selling this year? Request a home valuation so you can see what your home is worth in today’s market. I will provide you with a net proceeds that shows you an estimate of expenses. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying this year you will need to contact a loan officer to get prequalified first. Get together 2 years of tax returns, pay stubs, car payment information, credit card information and any other monthly payments you make. A loan officer will let you know what else you need to get to them so they can see what you can afford and what type of loan will work out best for you. They will give you a letter that shows the price and type of loan that you qualify for. I will send this with an offer when you find a home so the seller knows that you qualify for their home.

Resources to check out:

Also, check with your loan officer to see what programs they offer or know about. If you are looking for other information let us know and I will point you in the right direction.

We will guide you through the process. Make recommendations for real estate attorneys and home inspectors if you don’t know one already.

2021 market update week 3. Have a great week!

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

2021 market update week 2

Posted on January 16, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 2

2021 market update week 2. New listings of single family homes are staying consistent into this second week of the year. 139 this week compared to 136 the week before. Now we need to try increase the number of homes so we can meet the buyer demand.

Closed homes this week were almost identical. 168 this week compared to 167 the week before. Closings should increase as we head to the end of the month when most buyers want to close.

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

Aurora-New 12 $158,900-$525,000

Closed-21 $110,990-$400,000

Bolingbrook-New 10 $199,900-$939,000

Closed-24 $174,000-$388,000

Naperville-New 35 $350,000-$1,450,000

Closed-20 $345,000-$1,290,000

Oswego-New 12 $210,000-$419,900

Closed-7 $200,000-$467,500

St Charles/Campton Hills-

New-10 $219,900-$1,275,000

Closed-15 $260,000-$665,000

You should be able to click on the photo above to make it bigger so you can see the other communities with activity this week.

Contracts accepted this week

Contracts accepted this week were much higher. 179 this week compared to 159 the week before. Usually things slow down this time of year but with the extremely low inventory that continues buyers are not slowing down. They know they have to keep up with the market or they will lose out.

It will continue to be a seller’s market until we see inventory improve drastically.

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

Aurora-28 Bolingbrook-11

Naperville-28 Oswego-13

Plainfield-21 Yorkville-13

1 short sale was accepted in Warrenville this week by a seller. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on buyer closing on their current home. 5 with a kick-out clause of 72 hours and 3 with 48 hours.

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

2021 by the month

Month New Closed Contracts accepted

January 275 335 338

We will update this every Saturday and at the end of each month we will compare to the previous 2 years so you can see how things are going.

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.

Buying a home can be very exciting. If you haven’t already you need to contact a loan officer to get prequalified. Get 2 years of tax returns, pay stubs, bank statements, credit card information and any other payments you make monthly together. Scan them if you can so you can submit them. After they are finished they will provide you with a letter that says what type of loan that will work out best for you and what price. We will submit this letter with an offer when you find a home.

Thinking about selling this year? It is an excellent time to sell. Prices are up because of low inventory. Homes are moving quickly if they are market ready. Request a home valuation so we can let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources to check out:

IF there is any other information that you are looking for let us know and we would be happy to point you in the right direction. We are here to guide you through the process.

2021 market update week 2. Have a great week!

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

2021 market update week 1

Posted on January 9, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 1

2021 market update week 1. It is the first full week of 2021. New listings of single family homes almost doubled this week. 136 this week compared to 73 the week before. Now that we are past the holidays things should get rolling along.

Closed single family homes this week were slightly down. 167 this week compared to 178 the week before. Not too bad for the first week of the year. Last week buyers were trying to get closed before the end of the year.

Take a look at the communities that had the most activity this week:

Aurora-New 10 $145,000-$399,900

Closed-25 $115,000-$565,000

Batavia-New 2 $349,000-$479,900

Closed-12 $279,000-$525,000

Bolingbrook-New 2 $247,300-$269,900

Closed-17 $185,000-$420,000

Geneva-New 6 $174,900-$449,900

Closed-10 $130,107-$1,050,000

Naperville-New 39 $349,900-$10,500,000

Closed-15 $265,000-$900,000

Oswego-New 12 $289,900-$550,000

Closed-$230,000-$422,400

Plainfield-New 25 $250,000-$699,900

Closed-18 $260,000-$528,317

St Charles/Campton Hills-

New-6 $315,000-$1,190,000

Closed-13 $240,000-$565,000

Yorkville-New 4 $275,000-$699,900

Closed-10 $185,000-$575,000

I highlighted the communities with the most activity. You should be able to click on the photo to see all the communities with activity this week.

If you know you will be purchasing a home for a short time period you might want to stick to the communities that constantly have more activity. It all depends on the price range and what you are looking for.

Contracts accepted this week

This first week of 2021 saw buyers back out there again ready to write offers. Sellers accepted 159 contacts this week compared to 120 the week before.

Look at the communities sellers accepted the most contracts this week;

Aurora-17 Bolingbrook-12

Geneva-13 Naperville-23

Plainfield-13 St Charles/Campton Hills-21

Only 1 short sale was accepted this week by a seller. It was in Sugar Grove. Now it will get submitted to the lender to see if they will also accept.

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

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

Resources that might help you

Always check with your loan officer to see what offers they have to help, but these are also worth your time to check.

If there is any other information that you are looking for just let me know I would be happy to point you in the right direction.

Do you need recommendations for loan officers, real estate attorneys or home inspectors? We can recommend a few that we have successfully worked with in in the past.

Contact us

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

Thinking about selling your home this year? Request a home valuation and give us a little information about your home. What updates you have recently completed and when you would like to get your home on the market. We will provide you with a net proceeds that shows 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.

If you are thinking about buying a home this year you will need to get some things together and contact a loan officer to get prequalified. 2 years of tax returns, pay stubs, bank statements, car payment information, credit card information and any other monthly expenses. Keep them in a folder. You will need to probably send this information again once you apply for a loan when you find a home. You will be given a letter from your loan officer showing the type of loan and price that you qualify for. We will need to send this with an offer when you find a home.

2021 market update week 1. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 53

Posted on January 2, 2021January 2, 2021 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 53

Market update Fox Valley week 53. Yes week 53. When a leap year and the first day of the year is a Wednesday we have 53 weeks in the year according to timeanddate.com. Most of the business days this week were in 2020.

New listings of single family homes were up this week. 73 this week compared to 63 the week before. Not too bad for in between 2 holidays.

Closed listings this week of single family homes were also slightly up. 178 this week compared to 163 the week before.

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

Aurora-New 11 $124,900-$325,000

Closed-31 $138,000-$620,000

Bolingbrook-New 6 $195,000-$364,000

Closed-11 $199,000-$560,000

Naperville-New 8 $272,900-$879,000

Closed-28 $265,000-$3,400,000

Plainfield-New 13 $194,888-$464,900

Closed-27 $165,000-$549,999

St Charles/Campton Hills-

New 6 $332,500-$1,275,000

Closed-14 $191,000-$775,000

These are the communities that perform higher than most week after week throughout the year.

Contracts accepted this week

We saw a very nice increase in contracts accepted this week by sellers. 120 this week compared to 93 the week before.

Buyers did not sit on the sidelines between the holidays. 2021 is expected to be more of the same as 2020. We are hoping for more inventory so buyers have more to choose from.

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

Aurora-25 Naperville-24

Plainfield-14 St Charles/Campton Hills-10

1 short sale was accepted by a seller this week. It was in Bolingbrook. Now it will be submitted to the lender to see if they will also accept.

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

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

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

2020

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 513 971 783

Totals 12343 11869 14146

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

September 1164 765 869

October 1041 738 776

November 897 946 839

December 496 638 497

Totals 15129 10250 11847

2018

January 808 489 606

February 1040 444 856

March 1549 907 1564

April 1515 836 1278

May 1569 1066 1344

June 1828 1720 1474

July 1318 994 1061

August 1294 1032 989

September 1479 1093 1078

October 1042 712 748

November 729 739 653

December 665 762 602

Totals 14836 10794 12253

Of the 3 years 2020 was the best for closed listings of single family homes. Closed listings is the most important column to look at because these are actual numbers.

New listing and contracts accepted both can end up listed more than once. Sometimes agents after a couple months add them as a new listing again. Lately not too many properties stay on the market that long though. Listings of homes that seller accepts a contract sometimes do not make it past the home inspection and attorney review period.

Even though new listings might of been counted more than once, 2020 had the least amount of new listings with the most closed homes. That is why prices are rising the way they are. Inventory is severely low.

2020 also saw the most contracts accepted. Buyers are ready to go. They are not afraid to write the offer. They know they are up against multiple offers so they are writing their best offer right away.

The lowest month for closed listing in 2020 was 529 in February and it was higher than the lowest month in the previous 2 years.

2018 saw the highest amount of closed listings in June and it was highest of the 3 years. August was the highest amount of closed in 2019 but it was below the highest month of 2020 that was in September. Most years you see the highest amount during the summer months and before school starts. This year with e-learning you can see that the market was extended until October

Contact us

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

Thinking about selling in 2021? Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you 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 good decision.

If you are wanting to buy a home in 2021 you need to get some items together and contact a loan officer. They will want a couple of years of tax returns, pay stubs, bank statements, credit card information, car payments and any other monthly payments you have. Once they go over your credit information they will give you a letter that shows you what type of loan will work out best for you and what price. This letter will go with an offer when you find a home. It needs to be updated if it is older than 30 days.

Check out some great resources that might help you:

If you are looking for any other information let us know and we will point you in the right direction. We can make recommendations for loan officers, real estate attorneys and home inspectors we have successfully worked with in the past.

Market update Fox Valley week 53. Happy New Year! Have a great week.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 52

Posted on December 26, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 52

Market update Fox Valley week 52. The market slowed way down this week with the holiday. Only 62 new listings of single family homes this week compared to 100 the week before.

Closed listing were also down. 163 single family homes this week compared to 242 the week before. Next week we should see a big jump because it is the last week of the month and year.

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

Aurora-New 6 $155,000-$280,000

Closed-22 $139,000-$417,500

Bolingbrook-New 2 $249,900-$284,900

Closed-11 $165,000-$420,000

Naperville-New 20 $375,000-$1,475,000

Closed-26 $240,000-$2,900,000

Plainfield-New 4 $239,900-$405,000

Closed-30 $225,000-$728,000

St Charles/ Campton Hills-

New 4 $289,900-$629,900

Closed-15 $75,000-$568,000

Contracts accepted this week

We add in the contracts accepted into the market update Fox Valley to let you see how many buyers are out there ready to write an offer that gets accepted. In normal weeks when this starts to change you know the market is changing either for the better or not so good.

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

Aurora-10 Bolingbrook-11

Naperville-15 Plainfield-14

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

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

Also, sellers accepted contract that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 5 with 48 hours.

There is still confidence in the market that these will go through.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 440 793 663

Totals 12270 11691 14026

Closed is the most important column. These are actual numbers. September was the best month so far this year for closed single family homes.

New listings sometimes are relisted as a new listing when they are not.

Contracts accepted can sometimes not make it through the home inspection and attorney review period for many different reasons. So both of those columns are not actual numbers.

Next week will be the last week of the year. We will compare this year with 2019 and 2018 so you can see how this year compares to those 2 years.

We had no idea in February how this year would go. Buyers were out there wanting a bigger home for a home office and space for e-learning and a bigger yard. Inventory has remained low so prices have gone up.

Contact us

Call 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.

Thinking about selling your home? Request a home valuation so we can update the value on your home. We will provide a net proceeds that shows an estimate of expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home in the new year? You will need to get a couple of years tax returns, pay stubs, bank statements, credit card information, car payment information and any other payments you make monthly together and contact a loan officer to get prequalified. They will give you a letter that shows the type of loan and the price that will work out best for you. This will go with an offer when you find the home you like.

Check out some great resources that might help you:

Let us know if there is any other information that you are looking for. We would be happy to point you in the right direction.

Market update Fox Valley week 52. Happy Holidays! Have a great week.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 51

Posted on December 19, 2020December 19, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 51

Market update Fox Valley week 51. New listings this week were down almost 32%. 100 new listings of single family homes this week compared to 147 the week before. Sellers are waiting to get through the holiday at this point. Next couple of weeks it should improve.

Closed listings were consistent with the week before. 242 closed single family homes this week compared to 241 the week before. Next week is the last week of the month and year so there should be an increase then.

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

Aurora-New 13 $179,000-$350,000

Closed-34 $108,500-$675,000

Bolingbrook-New 6 $245,000-$509,900

Closed-10 $165,000-$429,000

Naperville-New 15 $395,000-$1,195,000

Closed-48 $140,000-$2,900,000

Oswego-New 3 $345,000-$450,000

Closed-10 $235,000-$498,000

Plainfield-New 13 $235,000-$554,000

Closed-28 $230,000-$550,000

St Charles/Campton Hills-

New-3 $414,900-$995,000

Closed-23 $196,500-$760,000

Yorkville-New 15 $268,490-$345,000

Closed-13 $217,000-$705,001

Contracts accepted this week

Contracts accepted this week by sellers was pretty consistent. 189 single family homes accepted this week compared to 194 the week before. Definitely some excited buyers and sellers right before Christmas! Finding a home or getting a contract on your home is the first step to reaching your goal.

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

Aurora-27 Naperville-27

Oswego-12 Plainfield-25

St Charles/Campton Hills-17 West Chicago-10

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 377 630 570

Totals 12207 11528 13933

Closed listings of single family homes is the most important column to look at. This is actual numbers. September was the best month so far this year followed by July then August.

New listing numbers you can’t count on because some of them were canceled and relisted. The same for contracts accepted. Some of them did not make it through the home inspection and attorney review period for many different reasons and were put back on the market and then get a contract again.

It continues to be a sellers market. Low inventory is causing prices to go up and we are seeing multiple offers continue with so many buyers still trying to find a home.

Next week is the last week of the year. We will compare this year to 2019 and 2018 so you can see how this year compares to the previous 2 years.

Contact us

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

If you are thinking about selling your home request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with at closing. 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 in 2021? You need to contact a loan officer to get prequalified first. Get 2 years of tax returns, pay stubs, bank statements, credit card payments, car payments and any other payments you make monthly together and get them to a loan officer so you can see what price range and what type of loan will work out best for you. They will provide you with a letter that shows what you qualify for and that will go with an offer when you find the right home. Sellers want to know that you qualify for their home before they will consider your offer.

Check out some great resources:

Let us know if you are looking for any other information and we will be happy to point you in the right direction.

Market update Fox Valley week 51. Have a great week and Merry Christmas!

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