2021 Real Estate Market Update Week 18

2021 Real Estate market update week 18 Cover

2021 real estate market update week 18.  New listings of single family homes were down this week.  236 this week compared to 273 the week before.  We are not heading in the right direction.  Prices will continue to rise until we get enough listings to satisfy the buyers that are out there looking.

Closed listings of single family homes are about the same this week.  278 this week compared to 280 the week before.  That is pretty consistent, and it shows that buyers are still out there willing to write offers even with the increase in prices.

2021 Real Estate Market Update Week 18

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

Aurora-New 37 $99,900-$899,900

            Closed-36 $85,000-$534,500

Bolingbrook-New 19 $175,000-$469,000

                    Closed-17 $33,000-$415,000

Geneva-New 8 $225,000-$559,900

              Closed-17 $242,000-$870,000

Montgomery-New 2 $205,000-$315,000

                     Closed-11 $207,000-$358,000

Naperville-New 48 $289,000-$3,600,000

                 Closed-58 $326,000-$2,250,000

Oswego-New 9 $185,000-$399,000

              Closed-13 $155,000-$558,942

Plainfield-New 29 $249,900-$750,000

                Closed-31 $203,000-$540,000

St Charles/ Campton Hills-

                New-20 $250,000-$1,200,000

                Closed-20 $191,900-$1,600,000

Sycamore-New 11 $149,900-$450,000

                  Closed-9 $253,000-$502,000

Median list price this week is $350,000.  Last week it was $365,000

Median Closed price this week is $360,000.  Last week it was $360,450.

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

Contracts accepted this week on single family homes were up.  340 this week compared to 328 the week before.  It is a great time to sell!

2021 Rela Estate Market Update Week 18-Contracts accepted this week

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home.  It was in Sycamore.  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.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update 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                             236            278                 340

Totals                        3339           3556              4789

The closed column is the most important one.  This is actual numbers.  The new and contracts accepted could be counted more than once if a home is relisted as new, or has a contract accepted, and then it does not make it through the home inspection and attorney review period.  It could get relisted again, and then another contract accepted.

Check back with us every Saturday for the real estate market update.  At the end of each month we will take a look back at 2020 and 2019 so you an compare to 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.

It is a great time sell!  Prices are increasing.  Request a home valuation and give us some information about your home, and what has been recently updated.  We will provide you with a net proceeds that shows you the 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 this year?  You need to talk to a loan officer and submit all your financial information so they can get you pre-approved.  You need to take this extra step and get pre-approved with the market right now.   Homes are selling very fast  with multiple offers.  You need to be ready to go look as soon as a home hits the market, or it will be gone.  The loan officer will give you a letter showing what you qualify for, and what type of loan.  This will go with an offer when you find a home.

Resources:

One of the IDHA programs might help payoff student debt, and another one if you stay there at least 5 years you might not have to pay it back.  It is worth your time to check them out.

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

All data information used is from our multiple listing service MRED, LLC.

2021 real estate market update week 18.  Have a great week!

2021 market update week 18Kristine 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 Real Estate Market Update Week 16

2021 Real Estate market update week 16 Cover

2021 real estate market update week 16.  New listings of single family homes were down this week.  232 this week compared to 241 the week before. We are having an extreme housing shortage so any decrease is very sad.  I don’t know what else to say.  Too many buyers are still looking for a home.

Closed listings of single family homes was exactly the same as new listings and up from last week.  232 this week compared to 222 the week before.  Next week is the last week of the month so it should increase even more next week.

2021 Real Estate Market Update Week 16

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

Aurora-New 32 $85,000-$669,000

            Closed-43 $143,000-$710,000

Bolingbrook-New 10 $260,000-$629,910

                    Closed-11 $219,900-$360,000

Geneva-New 9 $229,900-$725,000

              Closed-13 $285,000-$698,938

Naperville-New 47 $319,000-$1,450,000

                 Closed-41 $162,000-$1,375,000

Oswego-New 9 $235,000-$505,000

               Closed-10 $235,000-$400,000

Plainfield-New 37 $220,000-$1,700,000

                Closed-25 $206,000-$1,105,000

St Charles/Campton Hills-

                New-23 $229,000-$849,900

                Closed-16 $239,000-$1,050,000

Yorkville-New 8 $238,000-$655,000

               Closed-17 $260,000-$480,000

Median list price this week was $350,000 and median closed price was $352,000.  Last weeks median price was $370,000 and last weeks median closed price was $354,000.  So median prices were down this week.

Contracts accepted this week

Contracts accepted on single family homes was down this week.  344 this week compared to 359 the week before.  Last week new listings were down so that contributed to less contracts accepted this week.

2021 Real Estate Market Update Week 16-Contracts accepted this week

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

Aurora-50                                 Batavia-13

Bolingbrook-20                         Geneva-14

Montgomery-11                        Naperville-79

Oswego-26                              Plainfield-47

St Charles/Campton Hills-32   West Chicago-10

Yorkville-12

1 short sale was accepted by a seller this week on a single family home.  It was in Aurora.  Now it will get 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, 6 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543         649                  829

February                     561         604                  778

March                         993        1099                1455

April                            501          414                  655

Totals                        2598        2766                3717

The closed column is the most important column to keep track of.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if they were relisted as new or if a contract accepted does not make it past the home inspection, attorney review or appraisal.  They can go back on the market and get counted again.

Some of the closed were homes that carried over into the new year.

Check back with us every Saturday for the 2021 real estate market update.  Next Saturday is the last week of the month and we will be comparing to 2020 and 2019 so you can see how things are 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.

Will you be selling this year?  Request a home valuation and give us some detalls about your home and let us know about any updates that you have completed recently.  We will provide you with a net proceeds that shows you the 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.

Thinking about buying a home this year?  You need to be ready to go with a pre-approval letter from your loan officer showing what you qualify for a what loan type.  This will go with an offer when you find a home.  The market is moving very fast right now so the letter can not be older than 30 days or get it updated.  You do not want to wait until you find a home or you could miss out on a home.  When a home hits the market you have to be ready to go because so many of them are getting multiple offers on them right away.

Resources:

1 of the IDHA programs might help out with student debt and another one if you live there 5 years might be forgiven.  It is worth taking a look at them.

If you need recommendations for loan officers, home inspectors, real estate attorneys let us know.  We can recommend a few of each so you can decide who you want to work with.

2021 real estate market update week 16.  Have a great week!

2021 market update week 16Kristine 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 Real Estate Market Update Week 15

2021 Real Estate market update week 15 Cover

2021 real estate market update week 15.  New listings of single family homes were down this week.  241 this week compared to 260 the week before.  It is April we should be increasing every week.

Closed listings of single family homes were up this week.  222 this week compared to 192 the week before.  As we head to the end of the month they should increase.  Most buyers want to close at the end of the month so they can bring less money to closing.

2021 Real Estate Market Update Week 15

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

Aurora-New 40 $139,900-$750,000

            Closed-26 $120,000-$570,000

Batavia-New 10 $210,000-$739,900

             Closed-10 $285,000-$421,000

Bolingbrook-New 11 $190,000-$469,000

                     Closed-15 $227,000-$410,000

Geneva-New 12 $299,900-$1,599,000

              Closed-9 $325,000-$625,000

Naperville-New 55 $269,900-$2,250,000

                  Closed-42 $295,000-$1,375,000

Oswego-New 11 $245,000-$1,000,000

               Closed-13 $231,000-$440,000

Plainfield-New 27 $239,900-$749,900

                Closed-21 $242,500-$352,400

St Charles/Campton Hills-

                New 24 $179,900-$850,000

                Closed-16 $278,000-$965,000

West Chicago-New 7 $245,000-$484,900

                        Closed-12 $120,000-$645,000

Average median listing price this week is $370,000.  Average selling price is $345,500

2021 Real Estate Market Update Week 15-Stats

Contracts accepted this week

Contracts accepted on single family homes are up.  359 this week compared to 296 the week before.  We need to really increase inventory of homes to start to satisfy the demand from buyers that are looking.  We continue to see multiple offers.  Prices are increasing because of it.

2021 Real Estate Market Update Week 15-Contracts Accepted this Week

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

Aurora-50                                        Batavia-13

Bolingbrook-20                                Geneva-14

Montgomery-11                               Naperville-79

Oswego-26                                      Plainfield-47

St Charles/Campton Hills-32           West Chicago-10

Yorkville-12

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

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

You can see that, at this time, you better have a contract on your home if you want to have a chance on submitting an offer.  Multiple offers is the norm now.

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                543           649                  829

February              561           604                  778

March                  993         1099                1455

April                     501           414                  655

Totals                 2598         2766                3717

March was a good month.  I don’t know if we will hit close to the closed numbers this month.  Closed is the the main column to keep an eye on.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if a home is relisted or if a contract fall apart and then gets another one accepted.

Check back with us every Saturday for the update.  At the end of each month we will take a look back at 2020 and 2019 so you can see the comparison.

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.

It is a great time to be a seller!  Prices are increasing.  Request a home valuation and give a little information about your home and what updates you have completed.  We will provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home?  You have to be ready to go with a letter from a lender showing how much home you can afford and what type of loan.  This will go with an offer when we find you a home.  You also have to be ready to go when a listing hits the market.  You will be up against multiple offers.  This is not the market for you to go home and think about it.

Resources:

One of the IDHA  programs might help with student debt and another one if you live there for 5 years it might be forgiven.  It is worth your time to check it out.

If you need recommendations for a loan officer, real estate attorney and home inspector we would be happy to provide you with a few that we have successfully worked with and you can choose who you want to work with.

It is an exciting time to sell and buy a home, but it can be stressful.  We will do everything we can to explain as we go through the process so you know what to expect.

2021 real estate market update week 15.  Have a great week!

2021 market update week 15Kristine 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 Real Estate Market Update Week 14

2021 Real Estate market update week 14 Cover

2021 real estate market update week 14.  New listings on single family homes are up significantly.  260 this week compared to 192 the week before.  I hope this continues.  It is a great time to be a seller!  Homes are selling quickly are prices are way up.

Closings on single family homes are down.  192 this week compared to 274 the week before.  It is the beginning of the month so this is to be expected.  They will go up as we get closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 14

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

Aurora-New 24 $125,000-$850,000

             Closed-26 $88,000-$585,000

Batavia-New 15 $125,000-$965,000

              Closed-8 $189,900-$706,000

Bolingbrook-New 14 $187,500-$1,125,000

                      Closed-12 $221,000-$465,000

Geneva-New 11 $249,000-$739,500

              Closed-12 $265,000-$825,000

Montgomery-New 12 $189,900-$329,990

                       Closed-5 $205,000-$315,000

Naperville-New 67 $269,000-$1,950,000

                   Closed-38 $275,000-$1,375,000

Oswego-New 22 $254,900-$999,900

               Closed-14 $175,000-$475,000

Plainfield-New 26 $226,900-$625,000

                 Closed-23 $247,750-$511,000

St Charles/Campton Hills-

                 New 22 $310,000-$1,285,000

                 Closed-12 $153,000-$812,000

Yorkville-New 13 $248,000-$460,000

                 Closed-10 $235,900-$499,000

Click on the photo above to see the other communities.  If the community you are looking in does not have the price range you are looking for, you might want to look to neighboring communities.

2021 Real Estate Market Update Week 14-Stats

Median listing price this week is $359,900 and median sales price is $346,725.

Contracts accepted this week

Contracts accepted this week on single family homes was almost the same.  296 this week compared to 299 the week before.  Next week this should increase with the amount of new listings this week. 

2021 Real Estate Market Update Week 14-Contracts accepted this week

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

Aurora-45                                 Bolingbrook-23

Naperville-57                            Oswego-29

Plainfield-42                             St Charles/Campton Hills-26

Only 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.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  5 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.  1 with a kick-out clause of 72 hours and 1 with 48 hours.

These contingencies have really scaled back with the multiple offer situation that is occurring.  Seller’s want to accept an offer with the least hurdles to get past. 

2021 real estate market update by the month

Month                          New     Closed     Contracts accepted

January                          543           649               829

February                        561           604               778

March                            993         1099             1455

April                              260           192               296

Totals                           2357         2544             3358

Check back with us every Saturday for the real estate market update.  At the end of the month we will compare to 2020 and 2019 so you can see how the market is doing.

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 a great time to sell!  Request a home valuation and give us some information about your home.  Let us know about any recent updates you have completed.  We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in this will be updated when we know all the terms so you can make a good decision.

Thinking about buying this year?  You need to call a loan officer to get pre-approved so you are ready to go.  Homes are moving very quickly and you have to be ready for multiple offer situations.

Resources to check out:

One of the IDHA programs might help you out with student debt and the other one if you live there 5 years you might not have to pay back.  It is worth your time to check them out.

2021 real estate market update week 14.  Have a great week!

2021 market update week 14Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for your home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

Market update Fox Valley week 45

Market update Fox Valley week 45Market update Fox Valley week 45.  New listings of single family homes were down almost 8%.  174 this week compared to 189 the week before.  Hopefully next week this will improve.  Buyers are still waiting for homes to come on the market.  Competition is very low right now so this is the perfect time to sell.

Closed listing of single family homes were also down just under 7%.  285 this week compared to 306 the week before.  This is the first week of the month so that is to be expected.  Most buyers want to close at the end of the month.

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

Aurora-New 19 $129,900-$525,000

            Closed-$45 $120,000-$565,000

Bolingbrook-New 10 $169,900-$425,000

                     Closed-22 $31,000-$950,000

Geneva-New 8 $289,000-$695,000

             Closed-11 $262,000-$625,000

Montgomery-New 7 $159,900-$399,000

                      Closed-14 $166,500-$345,065

Naperville-New 39 $235,000-$1,500,000

                 Closed-46 $236,000-$1,090,000

Oswego-New 11 $219,990-$1,799,000

              Closed-12 $205,000-$435,000

Plainfield-New 21 $169,900-$549,999

                Closed-35 $242,000-$645,000

St Charles/Campton Hills-

                New 11 $245,000-$642,700

                Closed-23 $188,000-$985,000

Yorkville-New 8 $239,000-$399,900

              Closed-14 $164,900-$435,000

Contracts accepted this week

Market update Fox Valley week 45-Contracts accepted this weekContracts accepted this week were also down this week just under 13%.  233 this week compared to 267 the week before.  Extremely low inventory and now this week going even lower does not help.  Buyers are putting in offers and having to deal with multiple offer situations.  Increasing prices also does not help.  With such low inventory prices have been going up higher and higher.  We are even having a hard time coming up with comparables for the increase in prices.

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

Aurora-38                                    Bolingbrook-15

Montgomery-10                           Naperville-33

Oswego-15                                   Plainfield-23

St Charles/Campton Hills-20        Sycamore-10

2 short sales were accepted by sellers this week.  1 each in Montgomery and Waterman.  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.  9 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 and also 2 with 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      1106             1159

November                  174         285               233

Totals                     11437    10198          12897

July was the best month for new listings.  September was the best month for closed listings.  July was also the best month for contracts accepted.

Closed listings is the one to really look at.  This is actual numbers.  They definitely closed.  New listings sometimes get relisted as new even though they are not new to the market.  The same for contracts accepted. The might get accepted and don’t go through to closing and go back on the market.

July used to be a very slow month when most people were gone on vacation.  This year because of the pandemic July was very busy.  Some people do not realize how active the housing market has been throughout this year.

Check back with us every Saturday for a market update Fox Valley.  At the end of each month I compare to the previous 2 years so you have something to compare this year to.

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.

Even with the pandemic it is a great time to sell.  Buyers are out there waiting for something to come on the market to see.  Request a home valuation and we will 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.  This will be update when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home?  You need to contact a loan officer first to see what type of loan and what price range will work out best for you.  They will give you a letter showing what you qualify for and it will go with an offer when you find a home.  It can’t be older than 30 days or you will need to have the loan officer update it.

Check out some great resources:

Let us know what questions you have or what kind of information you are looking for so we can direct you to it.

Market update Fox Valley week 45.  Have a great week!

Market update Fox Valley week 45Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

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.