Market Update Fox Valley-January 5 2019

Posted on January 5, 2019 by Kristine Heiman, Managing Broker

Market Update Fox Valley-January 5 2019

Market Update Fox Valley-January 5 2019. New listings this week more than doubled last week. 166 this week compared to 81 last week. That is with another short week this week too. Holidays are over so it is time to get busy! We have had a mild winter so far. Today was absolutely gorgeous! Sunny and 51 degrees.

Closed listings this week were also up. 109 this week compared to 99 last week. Not bad for a short week and the beginning of the month. They will increase as the month goes along.

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

Aurora-New 22 $104,000-$474,900 Closed-24 $91,798-$329,000

Bolingbrook-New $234,900-$385,000 Closed-8 $235,000-$355,000

Naperville-New 32 $289,995-$1,800,000 Closed-11 $290,000-$585,000

Oswego-New 10 $114,900-$539,900 Closed-3 $198,900-$335,000

Plainfield-New 17 $149,900-$495,000 Closed-17 $145,000-$360,150

St Charles/Campton Hills-New 14 $244,900-$959,000 Closed-11 $264,500-$500,000

Yorkville-New 12 $247,995-$595,000 Closed-3 $239,900-$263,750

Contracts Accepted this Week

Contracts accepted this week were up slightly. 114 this week compared 89 last week. Not bad for 2 short weeks in a row. Buyers are still out there. If a home is priced right for location and condition it will sell.

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

Aurora-21 Bolingbrook-13

Naperville-11 Plainfield-11

Short sales accepted by Sellers were slightly up. 4 this week compared to 0 the week before.The communities were 1 each in Montgomery, Naperville, Plainfield and West Chicago. Now they will be submitted to the lender to see if they will also accept contract as written.

Contracts were accepted that are contingent on the Buyer closing on their current home before purchasing. 4 with a kick-out clause of 48 hours.

Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing. 2 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

We recently moved our office. We are now at 200 Webster St Montgomery, IL 60538. You can call us at 630-503-6555 and ask for Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.

We have been told that the next 3 years will be similar to this last year. If 2019 is the year you would like to make a move we would love to help you. Our goal is to negotiate price and terms that are best whether buying or selling a home. We will guide you through the process once a contract is written and accepted.

Your first step to purchasing is to contact a loan officer to get pre-qualified. They will let you know the price range and type of loan that will work out best for you.

If you are going to sell your current home we will update the value in today’s market and provide you with an estimate of expenses. This will be updated when a contract comes in and we know all the terms.

Things to check into:

Let us know what questions that you have.

Market Update Fox Valley-January 5 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

Market Update Fox Valley-December 29 2018

Posted on December 29, 2018 by Kristine Heiman, Managing Broker

Market Update Fox Valley

Market Update Fox Valley-December 29 2018. This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday. New listings were way down. 81 new listings this week compared to 134 last week. The last new listings for 2018. 2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out. Fresh paint in neutral colors makes the home feel clean and fresh. Let us tell you what needs to be done to get it market ready.

Closed listings were also way down with only 3 business days to close. 99 this week compared to 167 last week. The end of the closings for 2018. Now to loo kforward to 2019. Holidays will be over and the market will get back to normal. Spring market is just around the corner.

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

Aurora-New 8 $119,000-$384,500 Closed-17 $90,100-$371,000

Bolingbrook-New 7 $189,900-$385,000 Closed-15 $155,000-$374,000

Naperville-New 12 $299,900-$1,199,000 Closed-7 $327,500-$490,000

Contracts Accepted this Week

Contracts accepted this week were also down. 89 this week compared to 121 last week. Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday. The 2nd week of January we should get back to normal.

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

Aurora-14 Naperville-16 Plainfield-13

There were no short sales accepted this week by Sellers. Last week there were 4.

Sellers accepted contracts this week that are contingent on the Buyers current home closing before purchasing. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing. 5 with a kick-out clause of 72 hours, 1 each with 48 hours and 24 hours.

Contact us

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

Thinking of selling? Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing you need to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best.

Things to check out:

Market Update Fox Valley-December 29 2018. Have a happy and safe New Year! Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-December 22 2018

Posted on December 22, 2018 by Kristine Heiman, Managing Broker

Market Update Fox Valley-December 22 2018

Market update Fox Valley-December 22 2018. New listings were up this week. 134 this week compared to 119 last week. Most communities saw lower new listings this week than normal. Oswego new listings were higher than normal.

Closed listings this week were slightly higher. 167 this week compared to 152 last week. This was the last full week of 2018. Next week with the holiday there will only be 3 business days. We will see if the the numbers go up next week with people trying to close before the end of the year.

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

Aurora-New 22 $60,000-$599,900 Closed-28 $91,035-$370,000

Bolingbrook-New 10 $174,900-$359,900 Closed-14 $119,000-$430,000

Naperville-New 8 $289,000-$759,000 Closed-17 $282,500-$1,178,029

Oswego-New 32 $249,900-$414,480 Closed-9 $200,000-$540,156

Plainfield-New 11 $174,900-$413,777 Closed-22 $179,101-$515,000

St Charles/Campton Hills-New 8 $310,000-$1,350,000 Closed-14 $152,900-$810,000

Contracts Accepted this Week

Contracts accepted this week were almost the same as last week. 121 this week compared to 126 last week. People are still buying even throughout the holidays. No it is not Spring market but things have not stopped completely.

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

Aurora-26 Naperville-19 Plainfield-18

Short sales were down this week. 4 this week compared to 6 last week. We are so happy to see these numbers remain low. Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the closing of the Buyers current home. 2 with a kick-out clause of 48 hours.

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

Contact us

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

If you are thinking 2019 is the year you would like to make a move we will update the current value on your home 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.

Have you been thinking about buying a home? Your first step is to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best for you. They will provide you with a letter showing what you qualify for that will go with an offer when you do find the right home.

Things to check out:

Market update Fox Valley-December 22 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com