Fox Valley home prices April 30

Fox Valley Home Prices April 23

Fox Valley home prices April 30.  New listings of single family homes are down.  232 this week compared to 302 the previous week.  This is not heading in the right direction.  We need to keep increasing the amount of homes listed to keep up with the demand.

Closed listings this week are slightly up.  217 this week compared to 198 the previous week.  Most buyers want to close at the end of the month.

Fox Valley home prices April 30

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

Aurora-New 29 $129,000-$925,000

            Closed-27 $135,000-$550,000

Bolingbrook-New 20 $275,000-$525,000

                     Closed-15 $191,500-$510,000

Geneva-New 12 $239,500-$799,900

              Closed-11 $260,000-$810,344

Naperville-New 50 $285,000-$1,525,000

                  Closed-41 $286,500-$1,450,000

Oswego-New 16 $160,000-$650,000

               Closed-9 $224,000-$705,558

Plainfield-New 24 $199,000-$659,900

                 Closed-34 $215,000-$970,000

St Charles-New 18 $274,900-$838,000

                  Closed-16 $270,000-$1,350,000

Yorkville-New 7 $255,000-$499,900

                Closed-12 $220,000-$475,000

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

Median list price this week $399,900, last week $410,000.

Closed median price this week $393,717, last week $389,000

Stats 043022
Median listed and closed Stats for week ending April 30

Conventional financing was used to close on 170 homes this week at a median price of $415,500 in 20 days average market time, last week 152 homes closed at median price of $395,000 with 27 days average market time.

Conv 043022
Conventional financing used for week ending April 30

Buyers used cash to close on 27 single family homes with a median price of $370,000 and 29 days average market time, last week buyers closed on 23 homes with a median price of $470,000 and 12 days average market time.

Cash 043022
Cash used to close for week ending April 30

FHA financing was used to close on 16 homes with a median price of $307,500 and 27 days average market days, last week also 16 homes at median price of $287,500 and 12 days average market time.

FHA 043022
FHA financing used to close for week ending April 30

VA financing was used to close on 4 homes with a median price of $332,500 and 6 days average market time, last week 6 homes with a median price of $258,500 and 41 days average market time.

VA 043022
VA financing used to close for week ending April 30

2,000 square feet or more homes closed on 140 single family homes with a median price of $473,142 and 20 days average market time, last week 116 homes with a median price of $473,750 and 33 days average market time.  Minimum price this week for a home that is at least 2,000 SF or more closed at $258,000, last week $191,000.

2000 SF or more 043022
Homes that are at least 2,000 SF or more closed for week ending April 30

Contracts accepted this week

Contracts accepted this week were up.  325 this week compared to 245 the previous week.

Fox Valley home prices April 30-Contracts accepted this week

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

Aurora-41                       Bolingbrook-27

Naperville-66                 North Aurora-12

Oswego-17                      Plainfield-40

St Charles-24                 Winfield-11

Yorkville-13

1 short sale was accepted by a seller this week.  It is 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, 10 with 48 hours and 1 with 24 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 48 hours.

2022 by the month and a look back at 2021 and 2020

2022

Month             New   Closed   Contracts accepted

January                  422         492              623

February                523         520              724

March                    734         904              966

April                     1168         966             1334

Totals           2847     2882        3571

2021

January                 543          649              829

February               561           604              778

March                   993         1099             1455

April                    1006          926             1387

Totals           3103     3278         4449

2020

January               1105          566                858

February             1267          529              1024

March                  1186          707              1079

April                     648          786                775

Totals           4206     2588         3736

2020 had the most new listings with the least amount of closed.  This year we have the least amount of new listings and we are coning in 2nd for closed listings out of the 3 years.

New listings are steadily increasing this year, but not fast enough for the amount of buyers that are looking.

Resources

Click on anything that is underlined to take you to the site to get the information.  If there is any other information that you are looking for just let us know.

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score what interest rate you will be offered. They can help you bring up your score if you need to improve it. 

Get the loan officer all your financial information so they can run you through underwriting so you are ready to go.  When you find a house all you will need to do is home inspection/attorney review, and then you will be ready to order the appraisal.  Just talking to them over the phone and giving them your information isn’t good enough anymore.  You need to take this extra step to get ready before looking for homes.

Request a home valuation if you are thinking about selling your home.  Let us know about your home and what has recently been updated.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell.  When an offer comes in we will update this when we know all the terms.

You can sign-up for email alerts and get listings as they hit the market so you will not miss out on a thing.

If you are on facebook you can go to my business page and click on “shop now” and search anywhere in Illinois.  You can even see what has sold.

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 names of home inspectors or real estate attorneys we can provide you with a few that we have successfully worked with.

All data provided is from our MLS.  MRED, LLC.  It changes constantly throughout the day as agents update their information with new listings and status changes.

Fox Valley home prices April 30.  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 April 23

Fox Valley Home Prices April 23

Fox Valley home prices April 23.  We are here to tell you about the real estate market in the Fox Valley area of Illinois.  If you would like to learn about other areas we can help you with that also.  Communities will be highlighted that have the most activity this week, median prices, financing used, 2,000 Square feet or more, Contracts accepted, 2022 by the month, resources and how to get in touch with us.

New listings of single family homes was up.  302 this week compared to 206 the previous week.  That is quite the jump!  We are so happy to see this.

Closed listings of single family homes was up slightly.  198 this week compared to 190 the previous week.

Fox Valley home prices April 23

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

Aurora-New 37 $125,000-$850,000

            Closed-26 $122,820-$627,500

Batavia-New 11 $275,000-$575,000

            Closed-7 $295,000-$550,000

Bolingbrook-New 15 $189,900-$525,000

                   Closed-13 $260,000-$716,000

Geneva-New 13 $249,000-$1,995,000

            Closed-8 $297,500-$650,000

Naperville-New 72 $324,999-$1,500,000

                 Closed-42 $263,000-$1,600,000

Oswego-New 22 $230,000-$649,900

             Closed-11 $242,000-$888,240

Plainfield-New 34 $239,000-$1,700,000

               Closed-21 $250,000-$668,533

St Charles-New 28 $229,900-$1,300,000

                  Closed-17 $167,000-$679,500

Sugar Grove-New 10 $355,000-$980,000

                    Closed-1 $380,000

Yorkville-New 13 $299,990-$875,000

               Closed-7 $191,000-$575,000

All these numbers will change as the day goes on.  The system updates as agents upload the new listings and closed listings.

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

Median price of single family homes listed this week $410,000, last week $387,000.

Closed homes had a median price of $389,000 this week, last week $391,000.

Stats 042322
Stats for week ending April 23

Conventional financing was used to close 152 homes this week with a median price of $395,000 27 days average market time, last week 144 homes with median price of $402,500 24 days average market time.

Conv 042322
Conventional financing used for week ending April 23

Cash was used to close on 23 homes this week with a median price of $470,000 12 average market time, last week 24 homes with median price of $410,000 8 average market time.

Cash 042322
Cash used to close for week ending April 23

FHA financing was used to close on 16 homes with a median price of $287,500 with 12 average days market time, last week 14 homes with median price of $297,500 with 21 days average market time.

FHA 042322
FHA financing used to close for week ending April 23

VA financing was used to close on 6 homes with median price of $258,500  with 41 days average market time, last week also 6 homes but with median price of $583,500 with 110 average market time.

VA 042322
VA financing used to close for week ending April 23

People looking for a home that was at least 2,000 square feet or more closed on 116 homes with median price of $473,750 with 33 days average market time, last week 116 homes with a median price of $465,750 with 29 days average market time.  The minimum priced home this week was $191,000, last week $175,000.

2000 SF or more 042322
Homes 2,000 SF or more for week ending April 23

Contracts accepted this week

Contracts accepted by sellers was down.  245 this week compared to 297 the previous week.

Fox Valley home prices April 23-Contracts accepted this week

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

Aurora-36                        Bolinbrook-15

Naperville-48                   Oswego-12

Plainfield-33                    St Charles-26

Yorkville-11

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

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and also 1 with 48 hours.

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

Median list price of homes that went under contract this week $399,900 with 25 days average market time, last week $399,000 with 23 days average market time.

Contingent Stats 042322
Contingent Stats for week ending April 23

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492             623

February        523         520             724

March            734         904             890

April              934         749            1009

Totals      2615     2665       3246

New listings are increasing, but so are the closed and under contract.  We need new listings to increase drastically to slow down the increase in prices.  Interest rates are going up.  We are starting to see market time go up and price changes so it is impacting some areas but not all.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year compares to the previous 2 years.

Resources

Click on each underlined resource that you want to know more about.  If there is information not listed that you are looking for let us know and we will point you in the right direction.

Types of loan and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

Contact us

Call 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.  Tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it will sell for and a net proceeds that shows you the expenses to sell.  When an offer comes in we will update the net proceeds showing the terms and price offered so you can make a good decision.

Thinking about buying a home this year.  You need to get all your financial information to a loan officer so they can put you through underwriting so you will know what you are pre approved for and the seller will also feel better accepting your offer knowing you went through this extra step.

Sign-up for email alerts  so you don’t miss out on a home coming on the market.

You can search for me on facebook and click on the “shop now” button to search anywhere in Illinois.

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

Fox Valley home prices April 23.  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 March 26 2022

Fox Valley home prices March 26 2022

Fox Valley home prices March 26 2022.  Will the Spring real estate market arrive this year?  Just like the weather here in the Fox Valley that is not sure if it is still Winter or Spring.  Some weeks are better than others.

If you are a seller you are loving this market, but when you go to buy, you are finding it a challenge.

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

Aurora-New 19 $160,000-$899,900

            Closed-28 $105,000-$600,000

Bolingbrook-New 8 $235,000-$485,000

                     Closed-15 $225,900-$740,000

Naperville-New 43 $259,900-$2,925,000

                  Closed-27 $310,000-$1,709,000

Plainfield-New 22 $275,000-$650,000

                 Closed-11 $287,000-$662,000

St Charles-New 13 $260,000-$2,300,000

                  Closed-14 $240,000-$1,225,000

Click on the photo above to see what other communities had activity this week.

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

The median home price of new listings this week was $390,000, last week $389,950.

Closed median home price this week $370,000, last week $372,250.

Stats 032622
Stats for home prices this week

Conventional financing was used to close on 117 homes this week with a median price of $405,000 in 36 days average market time, last week 119 homes with median price of $395,000 in 42 days average market time.

Conv 032622
Conventional financing used this week

Cash was used to close on 18 homes this week with a median price of $457,750 in 21 days average market time, last week 24 homes with median price of $385,000 with 32 days average market time.

Cash 032622
Cash used to close on homes this week

FHA financing was used to close on 28 homes this week with median price of $269,500 in 20 days average market time, last week 24 homes with median price of $287,500 in 26 days average market time.

FHA 032622
FHA financing used to close this week

VA financing used to close on 8 homes with median price of $498,750 in 41 days average market time, last week 9 homes with median price of $419,900 in 66 days average market time.

VA 032622
VA financing used to close this week

People looking for a home that is 2,000 square feet or more closed on 93 homes this week with a median price of $462,500 in 34 days average market time, last week 100 homes with a median price of $451,750 in 50 days average market time. Minimum price this week was $277,000, last week $175,000.

2000 SF or more 032622
2,000 Square feet or more this week

Contracts accepted this week

Fox Valley home prices March 26 2022-Contracts accepted this week

Contracts accepted this week on single family homes was down this week.  222 this week compared to 237 the previous week.

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

Aurora-34                            Bolingbrook-17

Geneva-12                            Naperville-47

Plainfield-26                        St Charles-15

West Chicago-10

No short sales were accepted by seller’s this week.  Prices have increased so much that most people that are having difficulty can still sell and not sell short.  If you are having difficulty, let us take a look at what you owe, and what your home might sell for and see what you can do.

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

There were no contingencies this week on buyer’s that still had to sell and close before purchasing.

The median price for the 222 homes that went under contract this week was $394,500 in 20 days average marker time, last week 237 homes went under contract with a median price of $387,000 in 24 days average market time.

Contingent Stats 032622
Contract accepted stats this week

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492                623

February        523         520                724

March            734         904                890

Totals      1679     1916         2237

Check back with us each Saturday for the real estate market update.  At the end of each month we will also take a look back at 2021 an 2020 so you can see how this year is going.  March ends next Thursday so we will do this next week.

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.

Are you getting your home ready to sell this year?  Request a home valuation and tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it is worth and 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 want to buy a home this year you need to talk to a loan officer that will not just pre qualify you but run it through underwriting so you know you are approved up to a certain price and you just need to find the home get appraisal completed and update the title.  You will be up against other people wanting the same home so you need to be farther along in the process to be considered by the seller.  Get all your financial information together and get it to the loan officer.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Contact your loan officer to see what interest rates you will be offered.  It depends on your credit score.  They can also help you bring up your score if it needs a little help.  

This is a fast paced market.  If you wait until the weekend you might lose out on a chance for a home. 

It is nice for seller’s right now because you are not inconvenienced for a length of time drug out for weeks with occasional showings.  If it is priced right it will sell.  Once you get past the home inspection after accepting a contract the next person to come through will be the appraiser. 

We will guide you through the process and work with your real estate attorney on any issues that might come up with the home inspection and attorney review.

We can set you up for email alerts that will automatically email you listings of homes with your criteria as soon as they hit the market.

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

Fox Valley home prices March 26 2022.  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

Search for home today!

Kriss New profile for FB 123121

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022.  Every Saturday we take a look at what happened for the week in the real estate market in Kane & Kendall County areas of Illinois.  We highlight the communities with the most activity and the price ranges, median prices, financing used, 2022 by the month and which communities seller’s accepted the most contracts.  If there is other information you would like us to include, please let us know.

New listing this week on single family homes were almost exactly the same as the week before.  185 this week compared to 184 the previous week.

Closed listings this week increased.  176 this week compared to 150 the previous week.  They should increase as we get closer to the end of the month.

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

Aurora-New 27 $157,000-$599,000

            Closed-21 $175,000-$695,000

Bolingbrook-New 13 $229,900-$875,000

                    Closed-13 $200,000-$660,000

Geneva-New 14 $269,900-$950,000

             Closed-7 $340,000-$950,000

Naperville-New 45 $389,000-$1,349,990

                 Closed-30 $280,000-$2,524,000

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

                Closed-17 $286,500-$532,450

St Charles-New 12 $149,900-$765,000

                  Closed-10 $199,900-$1,550,000

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

The median list price of a single family home this week was $389,950, last week $383,675.  Median closed price was $372,250 this week, last week $383,000.  Average market time this week was 10 days with 39 days to close, the week before average 14 days active with 39 days to close.

Stats 031922
Stats for week ending March 19, 2022

Conventional financing was used to close on 119 single family homes with a median price of $395,000 with 42 days average market time, last week 111 single family homes with a median price of $390,000 with 30 days average market time.

CONV 031922
Conventional financing used to close for week ending March 19, 2022

Cash was used to close on 24 homes this week with a median price of $385,000 and 32 days average market time, last week 16 homes with median price of $373,500 with 89 days average market time.

Cash 031922
Cash used to close for week ending March 19, 2022

FHA financing was used to close on 24 homes this week with a median price of $287,500 with 26 days average market time, last week 20 homes with median price of $327,500 with 47 days average market time.

FHA 031922
FHA financing used to close week ending March 19, 2022

VA financing was used to close on 9 homes with median price of $419,900 with 66 days average market time, last week 3 homes with median price of $500,000 with 30 days average market time.

VA 031922
VA financing used to close for week ending March 19, 2022

People looking for at least 2,000 square feet or more closed on 100 homes at median price of $451,750 this week with 50 average days on market, last week 89 homes with median price of $450,000 with 38 average days on market.  Minimum price this week was $175,000, last week $192,000.

2000 SF or more 031922
2,000 SF or more closed for week ending March 19, 2022

Contracts accepted this week

Fox Valley home prices March 19 2022-Contracts accepted this week

Contracts accepted by seller’s this week increased.  237 this week compared to 218 the previous week.

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

Aurora-33                      Bolingbrook-11

Geneva-10                       Naperville-47

Oswego-11                       Plainfield-35

St Charles-16                  Yorkville-10

2 short sales were accepted by seller’s this week.  1 each in Plainfield and West Chicago.  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, 3 with 48 hours and 1 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.

24 days was the average market time for the homes that seller’s accepted a contract this week with a median price of $387,000, last week 27 days average market time with median price of $394,750.

Contingent Stats 031922
Stats for contingent homes week ending March 19, 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        523         520               724

March            566         733                668

Totals       1511    1745         2015

Check back with us every Saturday for the real estate update.  At the end of each month we will take a look back at 2021 and 2020 so you can compare how this year is going.

Contact us

Call us at 63-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

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 what it might sell for and give 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 get in touch with a loan officer..  Get them all your financial information so they can run you through underwriting and get you conditionally approved.  You need to take this extra step if you need to get financing.  As you can see above conventional financing is the one seller’s are most willing to accept at this time.

It is a great time to sell and can be frustrating to be a buyer right now.  Persistent, patience and putting your best foot forward will help you.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Click on these links above for some good information.  Interest rates depend on your credit score so check with your lender to see what they will offer you.  They can also help you increase your credit score.

All data provided is from our MLS MRED, LLC.

You can go to my facebook page Best Homes Fox Valley to “shop now” or sign up for email alerts.

Fox Valley home prices March 19 2022.  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 March 12 2022

Fox Valley home prices March 12 2022

Fox Valley home prices March 12 2022.  Every community in the Fox Valley area of Illinois has a little different pricing.  It is good to know what they are, so you can decide on the community that you will have the most success finding the home that is right for you.

New listings this week on single family homes were slightly lower.  184 this week compared to 197 the previous week.

Closed listings this week on single family homes were also lower.  150 this week compared to 174 the previous week. 

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

Aurora-New 22 $135,000-$750,000

             Closed-25 $135,000-$660,000

Bolingbrook-New 11 $243,000-$550,228

                   Closed-12 $180,000-$432,200

Naperville-New 35 $349,900-$2,249,000

                  Closed-19 $303,000-$1,020,000

Plainfield-New 19 $300,000-$729,900

                Closed-20 $165,000-$640,000

Sandwich-New 11 $130,000-$349,900

                 Closed-4 $315,000-$480,000

St Charles-New 16 $325,000-$975,000

                  Closed-15 $225,000-$1,650,000

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

The median list price this week $383,675, last week $375,000.

Median closed price this week $383,000, last week $365,000 with 14 days average market time and 39 days to close.

Stats 031222
Stats for the week ending March 12, 2022

Conventional financing was used to close on 111 single family homes this week with average market time 30 days, last week 123 at median price of $385,548 with average market time 41 days.

Conv 031222
Conventional financing used for week ending March 12, 2022

Cash  was used to close on 16 single family homes at median price of $373,500 with average market time of 89 days, last week 19 at median price of $326,000 with average market time of 25 days.

Cash 031222
Cash used to close week ending March 12, 2022

FHA financing used to close on 20 single family homes at median price of $327,500 with average market time of 47 days, last week 22 homes at median price of $275,750 with average market time of 35 days.

FHA 031222
FHA financing used to close week ending March 12, 2022

VA financing was used to close on 3 homes at median price of $500,000 with average market time of 30 days, last week 9 homes at median price of $365,000 with average market time of 55 days.

VA 031222
VA financing used to close for week ending March 12, 2022

Homes that were 2,000 square feet or more closed on 89 with a median price of $450,000 this week with average market time 38 days, last week 95 homes at median price of $436,000 with average market time of 45 days.  The minimum price this week was $192,000, last week the minimum price was $217,000.

Conventional financing is still the #1 type of financing used and accepted by seller’s right now.

Contracts accepted this week

Fox Valley home prices March 12 2022-Contracts accepted this week

Contracts accepted this week are staying pretty consistent.  218 this week compared to 213 the previous week.

Aurora-24                          Bolingbrook-18

Geneva-12                          Naperville-45

Plainfield-23                      St Charles-23

Yorkville-12

No short sales were accepted by seller’s this week.  That does not mean that they are not out there trying to sell.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 48 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.

The median price on homes that went under contract this week was $394,750 with average market time of 27 days.

Contingent Stats 031222
Contracts accepted stats for week ending March 12, 2022

2022 by the month

Month                           New   Closed   Contracts accepted

January                                       422        492              623

February                                     523        520              724

March                                          381        557              431

Totals                          1326    1569       1778

Check back with us every Saturday for the real estate market update.  At the end of each month we will also show you 2021 and 2020, so you can see  how this year is going compared to the previous 2 years.

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.

It is still a seller’s market here in the Fox Valley.  Prices continue to rise because of the low inventory of homes for sale.  This is a great time to be a seller.  It is frustrating to be a buyer.

Request a home valuation if you are thinking about selling your home and want to know what the value is in today’s market.  Give us some information about your home and what has recently been updated.  We will let you know what the expenses to sell might be.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Get in touch with a loan officer and get them all your financial information and have them run you through underwriting so you are approved subject to the address, appraisal and title work if you are thinking about buying.  You have to be ready to go in this market .  It moves fast and if you haven’t completed this you will lose out on a home.

Set up email alerts so you receive listings as they hit the market so you don’t miss out on anything.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer for the interest rate you will be offered.  It depends on your credit score.  They can also help you to bring your score up.

Hover and click your mouse over anything that is underlined and in darker print for links to the information.

All data used today is from our MLS-MRED,LLC.

If you are looking for attached homes let us know when you contact us either by filling out the form or call us.

Fox Valley home prices March 12 2022.  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 February 26 2022

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022.  We end this last week of February with a bright sunny day and a slight increase in new listings of single family homes.  163 this week compared to 137 the previous week.

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

Aurora-New 17 $189,000-$589,000

            Closed-20 $160,000-$467,000

Geneva-New 10 $275,000-$689,500

            Closed-8 $335,000-$580,000

Naperville-New 41 $325,000-$1,699,000

                 Closed-17 $306,000-$1,650,000

Plainfield-New 16 $279,000-$850,000

                Closed-19 $215,000-$492,500

St Charles-New 10 $269,900-$1,485,000

                  Closed-7 $247,500-$400,001

Naperville saw the most new listings this week with Aurora having the most closed.  Multiple offers is still the norm for the foreseeable future.

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

Median list price this week $385,000, last week $375,500.

Closed median price this week $343,500, last week $374,355.

8 days average active this week with 42 average days closed. last week 16 days average active with 54 average days closed.

Stats 022622
Median prices for the week ending February 26 2022

Conventional financing was used to close 90 homes this week with median price of $375,000 with average market time 40 days, last week 88 with median price of $397,262 with average market time 57 days.

Conv financing 022622
Conventional financing used week ending February 26 2022

Cash was used to close 13 homes median price of $275,000 with 57 average market days, last week 15 homes median price $477,500 with 65 average market time.

Cash 022622
Cash used to close for week ending February 26 2022

FHA financing was used to close on 19 homes median price $290,000 with 54 average market days, last week 11 homes median price $258,000 with 31 average market time.

FHA 022622
FHA financing used for week ending February 26 2022

VA financing was used to close on 4 homes this week median price of $269,494 with 24 average market time, last week 7 homes median price of $330,000 with 19 days average market time.

VA 022622
VA financing used for week ending February 26 2022

68 homes closed this week that were 2,000 square feet or more median price $420,995 with 9 days average active and 47 days average market time to close, last week 72 homes median price of $452,500 with 16 days average active and 50 days average market time to close.  The minimum price this week that closed was $160,000, last week $279,900.  What a difference a week makes!

2000 SF or more 022622
2,000 SF or more week ending February 26 2022

Contracts accepted this week

ox Valley home prices February 26 2022-Contracts accepted this week

Contracts accepted this week were pretty consistent.  191 this week compared to 187 the previous week.  If new listings pick up we would see this number increase.  Buyers are waiting.

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

Aurora-28                      Bolingbrook-16

Naperville-32                 Oswego-12

Plainfield-19                   St Charles-16

These are the communities that consistently see activity week after week.

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

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

The median price of homes that went under contract this week was $360,000 with a average market time of 30 days, last week median price was $369,900 with 42 days average market time.

Contingent Stats 022622
Contracts accepted Stats for week ending February 26 2022

2022 by the month and a look back at 2021 and 2020

2022

Month        New   Closed   Contracts accepted

January          422         492              623

February        523         520              724

Totals        945     1012        1347

2021

January          543         649              829

February        561          604              778

Totals       1104     1253        1607

2020

January         1105         566              858

February       1267         529            1024

Totals       2372     1095       1882

Take a look at the numbers and you can see why prices are rising the way they are. January and February are usually slower months.  Last year March increased dramatically.

This is the last full week of February.  Monday the 28th will be added to March.  Check back with us every Saturday for the market update.

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.

This is a fantastic time to be a seller!  By the time you get to closing the temperatures will be better for moving.  Request a home valuation and we will give you and estimate of what your home is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell.  The net proceeds will be updated when an offer comes in and we know all the terms so you can see what you will walk away with so you can make a good decision.

If you want to be a buyer you have to be patient and aggressive.  You will be up against multiple offers so you need to be aggressive with pricing and patient because not everyone can win.  If you need to get financing you have to get all your financial information to a loan officer and go through underwriting so all you need is to update title and order appraisal.  Anything less will not get accepted.  No more waiting until the weekend to look because it will be gone by then.

We will guide you through the process and let you know what needs to be done.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates*

Down payment assistance

IHDA programs

*Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  They will help you if you need to bring it up.

All data used is from our MLS  MRED,LLC.

Let us know if we can set you up to receive email alerts when a home hits the market.  Just let us know the area, price range and any other criteria.

Fox Valley home prices February 26 2022.  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 December 18 2021

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021.  New listings of single family homes are down.  84 this week compared to the previous week 78.  Some improvement, but definitely not enough.

Closed listings of single family homes were up.  230 this week compared to 210 the previous week.  The next 2 weeks will not be interrupted too much with the Christmas and New year holiday since they fall on Saturday.

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

Aurora-New 12 $175,000-$544,900

            Closed-27 $100,000-$775,000

Batavia-New 2 $214,900-$239,900

             Closed-15 $189,900-$800,000

Bolingbrook-New 8 $235,000-$419,500

                    Closed-19 $200,000-$480,000

Geneva-New 2 $349,900-$899,000

             Closed-12 $275,000-$2,500,000

Montgomery-New 2 $215,000-$339,900

                     Closed-11 $170,000-$355,000

Naperville-New 11 $397,000-$1,375,000

                 Closed-30 $325,000-$1,200,000

Oswego-New 7 $315,000-$434,990

              Closed-12 $267,000-$470,000

Plainfield-New 13 $200,000-$849,000

                Closed-35 $250,000-$660,000

St Charles-New 5 $99,999-$1,179,000

                   Closed-16 $210,000-$1,449,900

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

Median list price this week $349,900, last week $347,000

Closed median price this week $357,500, last week $332,500.

Stats December 18 2021
Stats December 18 2021

Conventional financing closed this week 164 with a median price $380,000, last week 150 at $360,050 median price

Cash closed 30 with median price $332,500, last week 18 at median price $287,750.

Conventional and Cash December 18 2021
Conventional and Cash December 18 2021

FHA closed 23 with median price $279,000 this week, last week 35 at median price $287,000.

VA financing used to close 13 at median price $375,000, last week 7 at $320,000 median price.

FHA and VA December 18 2021
FHA and VA December 18 2021

2,000 square feet or more single family homes closed 143 at median price of $420,000 this week, last week 121 at $412,000.

Minimum price was $233,500 this week, last week $240,000.  This gives you an idea of pricing in the Fox Valley if you are looking for a bigger home.  You might be looking for more bedrooms, home office or family room that you do not have now.

2000 SF or more December 18 2021
2000 SF or more December 18 2021

Conventional financing is still the one seller’s are accepting right now the most.  If your loan officer has pre approved you for something else you might also have them pre approve you for Conventional financing just in case so you do not lose out on a home.

Contracts accepted this week

Fox Valley home prices December 18 2021-Contracts accepted this week

Contracts accepted this week were consistent.  143 accepted this week compared to 141 the week before.  Sales are still happening even though the new listings continue to go down.  It is a great time to be a seller right now!  You do not have to wait until Spring.

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

Aurora-36                   Bolingbrook-12

Naperville-16               Plainfield-14

St Charles-14

These are the communities that consistently have the most activity.

No short sales were accepted by seller’s this week.  Most people that are having difficulty do not have to sell short right now unless they bought their home in the last couple of years.  Prices have increased enough that most people can sell and not go through that process because there is enough equity.

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

December       264          684               431

Totals      10487    12559       13332

The closed column is the most important one to look at.  These are actual numbers. 

Some of the closings were carried over from 2020.  That is why there are more closed than new listings. 

Contracts accepted column can have numbers that are counted more than once.  Some seller’s accept a contract and then they don’t make it past attorney review, home inspection or buyer does not obtain financing so they go back on the market and get another contract. 

Check back with us every Saturday for the 2021 by the month.  At the end of each month we compare to 2020 and 2019 so you can see how the year has gone and look at the pattern for when most activity occurs.

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 ahome valuation if you are thinking about selling.  Tell us about your home and what updates have been completed recently.  A net proceeds will be provided that shows you and estimate of expenses to sell.  When an offer comes in this will be updated and we can have all the terms reflected to give you better numbers.  

Thinking of buying a home?  You need to get in touch with a loan officer and provide them with all your financial information.  They will give you a letter showing how much you qualify for and what type of loan.  When you find a home this will be sent with the offer to let the seller know you do qualify for their home.

Resources:

Contact your loan officer to see what rates they are offering you based on your credit score.  They will help you if you need to bring your score up.  The better the score you have the better the rate you will be offered.

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

If you are on Facebook please look for me there.  You can click on the “shop now” and search anywhere in Illinois.

All data provided from our MLS, MRED, LLC.

Fox Valley home prices December 18 2021.  Have a great week.  Search for a home today!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker