12-28-19 Market Update Fox Valley

12 28 19 Market Update Fox Valley

12-28-19 market update Fox Valley.  We had a holiday right in the middle of the week so numbers are way off this week.  New listings of single family homes were about half of what they were.  58 this week compared to 129 the week before.  Next week we have New Year’s Eve and New Year’s Day in the middle of the week again so we will start off the New Year the same way. Also the last 3 days of this year will be included next week because we go Saturday to Saturday.

Closed listings were also about half of what they were.  106 this week compared to 208 the week before.  It would be tough to do the holiday and move at the same time.

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

Aurora-New 7 $80,000-$260,000

            Closed-15 $79,500-$305,000

Naperville-New 9 $285,000-$669,000

                 Closed-16 $310,000-$970,000

Plainfield-New 10 $229,000-$525,500

                Closed-13 $185,000-$377,130

Contracts accepted this week

12 28 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were not too bad for a holiday week.  98 this week compared to 117 the week before.  Happy Buyers and Sellers that found a home or received a contract on their home.  What a great present!

Look at the communities with the most contracts accepted:

Aurora-14              Naperville-15           Plainfield-15

2 short sales accepted by Sellers this week. 1 each in Elburn and Winfield.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the Buyer closing on their current home.  2 with a kick-out clause of 48 hours and 1 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 48 hours and 1 with 24 hours.  Both identical.  Out of 98 accepted only 6 contingent on a closing or sale and closing.  Sellers still have confidence that will happen.  Even in the slower months things are still happening for the ones that are priced right.

2019 by the month

Month                    New        Closed       Contract accepted

January                  878           407                    608

February             1,032           465                    832

March                1,731            915                1,375

April                  1,594            790                1,307

May                   2,004         1,391                1,665

June                  1,643         1,253                1,218

July                   1,423         1,029                1,090

August              1,585         1,403                1,211

September        1,164            765                   869

October            1,259            957                   959

November           679            727                    656

December           496            661                    497

Total              15.488      10,763              12,287

May was the biggest month for new listings this year.  August for closings and May for contracts accepted.  You can see when the new listings go up so does everything else.  The school year cycle is still the busiest.  Activity happens year round.  Some of the new listings get relisted and some of the contracts accepted come back on the market for various reasons and go contract accepted again.  Closed listings is the only  one that you can count on.

Contact us

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

Anytime of the year is the right time to sell if it is priced right.  You might want to beat the Spring rush so you don’t have so much competition to sell.

Calling a loan officer is your first step if you are thinking about buying in 2020.  You need to find out what type of loan will work out best for your situation and what price range will work out best for you.  They will give you letter stating what you qualify for that will go with an offer when you find the right home.  It will need to be updated if it is older than 30 days.

Check our some great resources:

Some lenders also offer special programs and assistance so also check with them.

12-28-19 market update Fox Valley.  Have a great week and have a Happy and safe New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for a new way to search for a home.  You can switch to satellite view and it also has a chat feature.

Market Update Fox Valley March 17 2018

Market Update Fox Valley March 17 2018Market Update Fox Valley March 17, 2018.  Steady as she goes!  This week there were 325 New Listings and last week there were 328.  That is pretty consistent.  Spring market has sprung!

Closed listings this week were up.  187 closed this week compared to 111 last week.  These numbers should go up as we head closer to the end of the month.

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

AuroraNew 42 $134,990-$549,900               Closed-34 $57,000-$499,000              Active-213 $59,000-$1,450,000 with 5 auctions

BolingbrookNew 22 $185,000-$405,500     Closed-7 $160,000-$369,000              Active-104 $168,000-$599,000 with 1 auction

GenevaNew 13 $254,900-$1,450,000          Closed-10 $206,000-$825,000            Active-128 $189,000-$1,750,000

NapervilleNew 78 $225,000-$1,400,000     Closed-24 $210,000-$875,000            Active-518 $216,000-$7,425,000

OswegoNew 16 $197,500-$599,900           Closed-6 $215,000-$340,000              Active-108 $159,900-$1,790,000

PlainfieldNew 41 $159,900-$1,079,000      Closed-24 $145,000-$675,000            Active-271 $159,900-$2,399,000

St Charles/New 28 $199,500-$1,295,000  Closed-13 $210,000-$740,000            Active-356 $109,900-$3,950,000

Campton Hills

Yorkville/New 12 $223,990-$599,900       Closed-12 $90,000-$360,000               Active-100 $178,500-$975,000

Bristol

Contract Accepted this week

Market Update Fox Valley March 17 2018-Contracts AcceptedContract accepted by seller this week were also very consistent.  321 this week compared to 316 last week.  This means the market continues to be strong.  Buyers need to be on the ball and ready to go or they will miss out.

Take a look at the communities with the most activity that sellers accepting contracts:

Aurora-45                                            Naperville-47

Batavia-11                                          North Aurora-10

Bolingbrook-22                                  Oswego-21

Geneva-13                                          Plainfield-40

Montgomery-16                                St Charles/Campton Hills-28

Short Sales this week 9 compared to 12 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts that are contingent on the close of the buyers current home.  The buyers have already accepted a contract on their current home but need to close before purchasing.  9 with a kick-out clause of 72 hours, 11 with 48 hours and 4 with 24 hours.

Contract were also accepted by sellers that are contingent on the sale and close of the buyers current home.  The buyers home might or might not already be on the market.  They need to sell their current home and close before purchasing.  5 with a kick-out clause of 48 hours and 3 with 24 hours.

The market is very busy.  If you are thinking about buying a home you first need to get pre-approved with a lender so you know what price range you are qualified for.  We need to present your pre-approval letter with an offer when you find the home you like.  If it is more than 30 days old it needs to be updated.  You might miss out on a home waiting for these so you need to be ready.

Thinking about selling this year?  Now is the best time of the year with the most buyers out there looking.  Don’t miss out on the best market time of the year.  Let us take a look at your home to see what needs to be done to get it market ready.

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.  You can also go to our website below to fill out a contact form if you would like us to get back to you.

Check out down payment resource, current interest rates or loans and the process.  If your credit score needs work talk to your loan officer.  They can help you with what works best to bring your score up.  The higher your score the better interest rate you will get. If you need names and phone numbers of loan officers.  We can provide you with a few to contact so you can decide who you want to work with.

Market update Fox Valley March 17 2018.  Have a great week!  Let us know how we can help you or someone you know.

Kristine Heiman-Managing Broker

Best Homes Fox Valley

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

 

Ranch Home Aurora, IL

Ranch Home in Aurora, IL
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Ranch Home in Aurora, IL
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Ranch Home in Aurora, IL

20 ranch homes in Aurora, IL listed between $159,900-$395,000 that are at least 3 bedrooms and 2 full baths on market today.  Not a lot of choices if you are looking for a ranch home in Aurora.  This property is listed for $249,900.

Westbury Farm 

Westbury Farm is a very desirable subdivision nestled right along side Stonebridge subdivision with easy access to Metra, I-88, Outlet Mall & so much more.  There were 3 different elevations for the Farmington Ranch home model and this one is the top choice.  This open-floor plan Ranch home has an entry way with cathedral ceiling leading into the living room and main floor family room with sliding glass doors that leads to brick patio overlooking an open area to enjoy.  There is an eating area right off of kitchen with separate dining room.  Master bedroom has 2 walk-in closets.  1-owner ranch home that has been under used.  They have had the home freshly painted  in all main floor rooms and new carpet 12/26/16.  Roof was replaced in 2015.

First-Time Buyers

First-time buyers can go to CFPB to learn about the home buying process.  Preparation is half the battle buying a home.  Get pre-approved with a lender and you are ready to start looking.  Keep all your documents in a folder so they are handy.  You can also go to Down Payment Resource to see if you qualify for any assistance.

Contact Us

Contact us for more information about this wonderful ranch home in Aurora, IL.  Listing agent is Kristine Heiman-Managing Broker ext 101 or you can contact Jeff Szymczak-Broker ext 104 at 630-503-6555 or email us at besthomesfv@gmail.com.  You can also go to our website to search for homes at besthomesfv.com anytime.