Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020
Single family homes

Fox Valley market update 1-18-2020.  New listings increased  13.3%.  247 this week compared to 218 the week before.  That is great news for buyers that continue to search for just the right home to purchase.  Choices are good!  You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same.  108 this week and the last.  They should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 22 $109,900-$539,900

            Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

                     Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

             Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

                 Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

              Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

                Closed-13 $184,000-$405,000

St Charles/Campton Hills-

                New 22 $78,900-$1,700,000

                Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

               Closed-3 $130,000-$292,990

Contracts accepted this week

Fox Valley market update 1-18-2020-Contracts accepted this week
Single family homes

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before.  Buyers are looking for homes year round so don’t think this is not a good time to sell.  If the location, condition and price are right it will sell.  If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33                    Bolingbrook-15

Naperville-23               Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them.  These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week.  It was in Bolingbrook.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 6 with 48 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, 2 with 48 hours and 1 with 24 hours.

2020 by the month

Month                    New       Closed       Contracts accepted

January                  603          334                 440

Not bad for only 2 1/2 weeks into the new year.  Activity happens no matter what time of year it is.  You might want to get your home on the market now so you have less competition then when Spring market hits.  If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date.  No more than 30 days old.

Contact us

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

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Are you looking to buy this year?  Make sure you contact a loan officer to get pre-approved so you are ready to go.  We will not show homes without it.  You don’t want to fall in love with a home that will not work for you.  You need to find out the price range and what type of loan that will work out best for you.  

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

 

Fox Valley Market Update 1-11-2020

Fox Valley Market Update 1-11-2020
Single Family Homes

Fox Valley market update 1-11-2020 of single family homes.  Our first full week of the new year picked up activity.  218 new listings of single family homes compared to 138 the week before.  We are happy to see the increase of homes on the market. Choice is not an option in some price ranges.  We hope this year will be different and more choices will be available this year.

Closed homes was slightly down this week.  108 this week compared to 118 the week before.  This will 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 30 $59,900-$619,000

            Closed-16 $85,000-$468,000

Bolingbrook-New 16 $175,000-$579,000

                     Closed-5 $185,000-$319,900

Geneva-New 10 $262,000-$1,199,000

             Closed-4 $235,000-$382,500

Naperville-New 34 $304,850-$3,750,000

                 Closed-15 $230,000-$1,520,000

Oswego-New 14 $184,900-$435,900

              Closed-9 $219,900-$317,000

Plainfield-New 26 $174,900-$515,900

                Closed-21 $153,000-$400,000

St Charles/Campton Hills-

                New-12 $289,500-$1,199,999

                Closed-14 $185,000-$785,000

Sugar Grove-New 11 $229,900-$1,250,000

                     Closed-3 $220,000-$290,000

Yorkville-New 10 $237,700-$499,900

              Closed-1 $293,000

Contracts accepted this week

Fox Valley Market Update 1-11-2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week increased by about 67%.  159 this week compared to 107 the week before.  Buyers are out there just waiting for the right home to come on the market.  Is it yours?  It just might be so give us a call and let’s get your home on the market.

Communities this week that sellers accepted the most contracts:

Aurora-23                Bolingbrook-14

Naperville-23           Plainfield-24

St Charles/Campton Hills-14

No short sales contracts accepted this week.  That does not mean there are no short sale properties out there.  They just have not found a buyer yet.

Sellers have accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours and 9 with 48 hours.

Also sellers have accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

These sellers felt confident enough in the market that these homes will close to accept their contract.

2020 by the month

Month                   New         Closed       Contracts accepted

January                 356            226                 266

Looking back at previous 2 years

January 12 2019 445           200                 243

January 13 2018 388           230                 258

This is for the 2nd week in January the previous 2 years.  Weather has not been a factor so far this year.  We have had a mild winter so far.  Last year January and February were brutal.  I can’t remember the weather for 2018 during this time.  Activity happens throughout the year.  You might want to get a jump on the Spring market so you don’t have as much competition to sell.  

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.

Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you.  Seller’s want to be confident that the people coming through their homes are qualified.

Let us update the value of your home in today’s market.  We will do a market analysis and provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Check out some great resources:

Fox Valley market update 1-11-2020.  Have an amazing week!

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 for another way to search for a home that you can change to satellite view and it also has a chat feature.

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.

12 21 19 Market update Fox Valley

12 21 19 Market Update Fox Valley

12 21 19 market update Fox Valley.  New listings of single family homes was just slightly lower this week. 129 this week compared to 136 the week before.  We are only days away from the holiday so hopefully they will pick up in the next couple of weeks.  Buyers are still out there looking.  Start the New Year out getting your home on the market.

Closed listings of single family homes was up by 26 homes.  208 homes closed this week compared to 182 the week before.  We are getting close to the end of the month when most buyers want to close.  These closings were people that wanted to move in their new home before Christmas.  What a great present!

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

Aurora-New 19 $50,000-$500,000

            Closed-35 $70,000-$412,500

Bolingbrook-New 11 $149,900-$415,000

                     Closed-13 $116,000-$350,000

Geneva-New 15 $335,000-$1,200,000

             Closed-6 $194,000-$579,200

Naperville-New 20 $224,900-$1,200,000

                 Closed-44 $253,500-$1,222,500

Oswego-New 10 $185,000-$1,199,000

              Closed-14 $170,000-$770,000

Plainfield-New 18 $215,000-$449,000

                Closed-21 $162,000-$535,000

St Charles/Campton Hills-

                New 5 $209,900-$1,095,000

                Closed-11 $179,000-$572,500

Contracts accepted this week

12 21 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted on single family homes was significantly down this week.  117 this week compared to 155 the week before.  Inventory of homes for sale is way down right now and we are so close to the holiday.  Weather definitely is not factor.  It is cold but no snow or ice to worry about and the temperatures are rising into this next week.

Communities with the most contracts accepted this week:

Aurora-21                Naperville-18

Plainfield-12

These communities are consistently  very active every week.

Only 3 homes received contracts on short sales this week.  1 each in Aurora, Bolingbrook and Yorkville.  Now they will be submitted to the lender to see if they will also accept.  These take a special buyer that can wait.

Sellers 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. 

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 3 with 48 hours.

2019 by the month

Month                 New         Closed         Contracts 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          438           532                    399

Total             15,430     10,634              12,189

Closed are the most important numbers. 

Some of the New listings get canceled and relisted so the number of days on market are lower.  This number does not reflect actual new listings.  They might be counted more than once so don’t think that many listings have come on the market and have not sold.

Not all contracts that get accepted close.  Some of them might not make it through attorney review or the home inspection.  This is when it is very important to have a good REALTOR® and real estate attorney that will negotiate issues.  Some issues turn up that are not able to be resolved in a timely manner but other times it is the buyer not understanding the process and thinking anything that shows up on the home inspection should be fixed.  A lot of times those are items the home inspector is wanting them to pay attention to that are routine maintenance.  These numbers might have been counted more than once on the same home.  They might of accepted an offer and it was canceled then back on the market and contract accepted again.

It is interesting to see the numbers.  Activity happens year round.

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 meet your goals.

Thinking about selling? Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses so you can see where you are at.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best for you.

Check out some great resources:

Also talk to your lender to see if they offer assistance.  Sometimes they have a better deal or can combine assistance.

12 21 19 market update Fox Valley.  Have a great week.  Happy Holidays!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up free for another way to search for a home.  You can change to satellite view to see how the home is situated on the property and it also has a chat feature.  You might really like this one!

12 14 19 Market Update Fox Valley

12 14 19 Market Update Fox Valley

12 14 19 market update Fox Valley.  New listings were significantly down this week.  136 new listings of single family homes compared to 173 the week before.  Buyers looking to get an offer excepted before the holiday have limited new listing choices this week.

Closed listings of single family homes were significantly up this week.  182 this week compared to 142 the week before.  We are getting closer to the end of the month so this is to be expected.  Both buyer and seller can get in and get settled before the holiday.

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

Aurora-New 19 $114,900-$515,000

            Closed-29 $60,000-$459,000

Bolingbrook-New 9 $220,000-$499,900

                    Closed-17 $147,500-$375,000

Geneva-New 5 $324,900-$632,000

            Closed-10 $326,000-$610,000

Naperville-New 35 $254,900-$3,990,000

                 Closed-28 $275,000-$1,400,000

Plainfield-New 13 $190.000-$398,735

               Closed-29 $176,400-$500,000

St Charles/Campton Hills-

              New-10 $200,000-$780,000

             Closed-9 $193,000-$750,000

West Chicago-New 10 $189,000-$465,000

                      Closed-2 $220,000-$335,000

Do you see the price range that you are looking in on this list or in the picture above?  Some buyers are waiting a long time for homes to come on the market that are below the $200,000 price.  If you are looking above that price you have more to choose from.

Contracts accepted this week

12 14 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes was way up this week.  155 this week compared to 127 the week before.  I think it is important to keep track of when contracts are getting accepted.  It gives you an idea of how the market is doing.  Buyers are still out there trying to find a home and ready to act when they find it.  Price, location and condition is still when all of these are in line a home will sell.

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

Aurora-27                   Bolingbrook-17

Napervillle-26             Plainfield-19

9 short sales were accepted by sellers this week.  2 in Plainfield and 1 each in Aurora, Montgomery, Naperville, Oswego, St Charles/Campton Hills, West Chicago and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

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

Contingent contracts were also accepted by sellers that the buyer still needs to sell and close on their current home.  2 with a kick-out clause of 72 hours, 1 with 48 hours and also 1 with 24 hours.

2019 by the month

Month                New         Closed          Contracts 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        309            524                    282

Total           15,301      10,426              12,072

New listings sometimes get canceled and relisted so the days on market are lower.  Not all contracts that get accepted close.  Sometimes issues come up that can’t get resolved the way buyers and sellers can agree too.  That does not necessarily mean there is a big problem with the home.   This is where you need a good REALTOR®  and real estate attorney to negotiate the issues that come up.

You can see that activity happens throughout the year.  Some months are busier than others.  If you are thinking about selling you can decide if you want sell when there is the most listings available or when there is not as much competition. 

Contact us

Call us at 630-503-6555.  Your goal is our goal.  We will do everything we can to reach your goals.  Do you have real estate questions?  

Let us update the current value of your home in today’s market.  We will provide you with a net proceeds that gives you an estimate of the expenses to sell so you can decide if now is a good time for you.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  Your first step is to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you.  We can make some recommendations just ask.

Check out some great resources:

Whether you have kids in school it is still good to buy a home in a good school district.  When you go to sell you will be happy you did.

12 14 19 Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up for a different way to search for a home.  You can switch over to satellite view and it also has a chat feature.  Have questions let us know.

12 7 19 Market Update Fox Valley

12 7 19 Market Update Fox Valley

 

12 7 19 Market Update Fox Valley-Active Kane County
Active Kane County
12 7 19 Market Update Fox Valley-Active Kendall County
Active Kendall County

12 7 19 market update Fox Valley.  New listings of single family homes were significantly up this week. 173 this week compared to 100 the week before.  We are in the first week of December and had a full week.  Last week was a holiday week and short a couple of business days.  That really has an impact on activity.  Above we have pictures you should be able to click on to make larger.  The first ones shows the activity for the week.  The next 2 show the active listings of single family homes in Kane and Kendall Counties. It is broken down so you can see how many homes are available in each price range.  Both of those show that the price range $250,000-$299,999 have the most homes.  If that is not your price range you can see the amount of homes to see are more limited.

Closed single family homes this week were slightly down.  142 this week compared to 154 the week before.  It is the beginning of the month.  Most buyers prefer to close closer to the end of the month.

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

Aurora-New 23 $123,900-$469,000

            Closed-25$95,500-$1,472,540

Bolingbrook-New 17 $159,000-$708,900

                    Closed-11 $162,000-$319,000

Naperville-New 34 $289,900-$2,399,000

                Closed-22 $223,000-$631,424

Plainfield-New 26 $215,000-$730,000

                Closed-18 $205,000-$415,000

St Charles/Campton Hills-

                New-7 $275,000-$779,900

               Closed-13 $187,000-$700,000

Contracts accepted this week

12 7 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes were pretty consistent with the week before.  127 this week compared to 133 the week before.  These numbers are low though.  You have to go back to January to see these numbers.  There is still activity but nothing like Spring or Summer markets.  Now is the time pricing your home is most important.   If you are overpriced it will just sit there.

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

Aurora-24              Bolingbrook-12

Naperville-17         Plainfield-17

These are the communities that consistently do the most activity.  I am surprised St Charles is not one of them listed here.

There were 3 short sales accepted this week.  2 in Bolingbrook and 1 in Plainfield.  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 72 hours, 3 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 2 with 48 hours.

2019 by the month 

Month               New        Closed        Contracts 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       173             142                127

Totals        15,165        10,244          11,917

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 whether buying/selling a home.  Our office is very convenient just next door to the Village hall of Montgomery.

Thinking about selling your home?  Let us update the value of your home in today’s market and provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know what type of loan and price range that will work out best for you.  We can make some recommendations.

We can also recommend real estate attorneys and home inspectors.

Check out some great resources:

12 7 19 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Sign up for free with a different way to search for a home.  You can change it to satellite view and see how the home is situated on the property.  It also has a chat feature. 

 


 

 

 

 

11 30 19 Market Update Fox Valley

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly.  100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly.  154 this week compared 224 the week before.  You can’t judge the market on this holiday week.  Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

            Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

                    Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

                 Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

              Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

                Closed-21 $160,000-$512,156

St Charles/Campton Hills-

                New $254,900-$675,000

                Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

              Closed-3 $175,000-$249,000

Contracts accepted this week

11 30 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before.  Hopefully we will get back to normal this week.

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

Aurora-15                 Naperville-23

Plainfield-20             St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

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

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

2019 by the month of activity

Month              New            Closed        Contracts 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

Total           14,992        10,102                11,790

Some of those new listings are homes that have been relisted.  Not all listings that receive contracts close.  Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved.  You need a good REALTOR® and real estate attorney that can help get through some of these issues.

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 whether buying/selling your home.

Resources to check out:

Some lenders also help out with costs.  You need to decide what helps out the most.

11 30 19 Market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home.  Click on the satellite view.  It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard.  It also has a chat feature.  If you need help navigating let me know.

 

                                         

11 23 19 Market Update Fox Valley

11 23 19 Market Update Fox Valley

11 23 19 Market update Fox Valley.  New listing this week were down.  166 this week compared to 193 the week before.  Not good for buyers that are still out looking.  Things are still active so I hope that most people that are thinking about selling are just waiting to get to the other side of the Thanksgiving holiday.

Closed listings were up this week.  224 this week compared to 173 the week before.  We are getting to the end of the month. when most buyers want to close.

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

Aurora-New 16 $114,900-$450,000

            Closed-39 $61,000-$410,000

Bolingbrook-New 12 $174,900-$449,954

                    Closed-20 $129,000-$355,000

Geneva-New 6 $239,900-$595,000

            Closed-10 $330,000-$1,100,000

Naperville-New 37 $235,000-$1,790,000

                Closed-33 $261,000-$1,225,000

Plainfield-New 29 $188,000-$599,900

               Closed-27 $165,000-$458.000

St Charles/Campton Hills-

               New-14 $225,000-$1,100,000

               Closed-New 21 $190,000-$900,000

Yorkville-New 8 $195,000-$349,000

              Closed-13 $232,000-$450,000

Contracts accepted this week

11 23 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were very consistent.  177 this week compared to 178 the week before.  We love consistency!  You can’t get more consistent than that.  Next week the numbers will be off because of the holiday.

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

Aurora-16        Batavia-10      Bolingbrook-14

Naperville-37   Oswego-10     Plainfield-20

St Charles/Campton Hills-10   West Chicago-11

Only 2 short sales accepted this week 1 each in Aurora and Bolingbrook.  Now they will be submitted to the lender to see if they will also accept contract price and terms.

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

Contracts were also accepted by sellers 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.

2019 activity by the month

Month              New         Closed         Contracts 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      579            573                     523

Total         14,892        9,948                11,657

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will guide you through the process whether buying/selling a home.

If you are thinking about selling we will be do a market analysis on your home to let you know what it is worth is today’s market.  Provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home?  Your first step is to get pre-qualifed with a loan officer so you know what type of loan and the price range that will work out best for you.

Check out some great resources:

11 23 19 Market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Check out another way to search for a home.  You can sign up for free!  Change it to satellite view and check out the property and where it is located within the neighborhood.  If you need help using this great program let me know and I can do a video call and share my screen and guide you through it..

11 16 19 Market Update Fox Valley

11 16 19 Market Update Fox Valley

11 16 19 Market update Fox Valley.  New listings of single family homes were slightly down this week.  193 this week compared to 220 the week before.  Any amount of new listings down has an impact for buyers.  That means there are less homes available to them to see.  If you are looking for a home over $200,000 you have more to choose from then buyers looking under that amount.  We are still very short in inventory for buyers looking under $200,000 price range.  If you have a home in that price range to sell this would be a great time to get it on the market.

Closed single family homes were very consistent this week. 173 closed this week compared to 176 the week before.  Consistent is a good thing!

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

Aurora -New 21 $85,000-$420,000

             Closed-20 $150,000-$564,000

Bolingbrook-New 16 $68,000-$649,900

                     Closed-11 $129,000-$350,000

Naperville-New 35 $325,000-$1,400,000

                 Closed-24 $305,000-$1,325,000

Plainfield-New 20 $223,000-$549,000

                Closed-20 $145,000-$511,829

St Charles/Campton Hills-

                New-11 $249,900-$1,000,000

                Closed-15 $195,000-$525,000

These 5 communities are consistently more active than other communities.  Is it the schools, shopping, parks or work?  There is so many reasons why you choose a community.  It might just be the type of housing and price range.  Living close to family and friends.  Where are you looking and why?

Contracts accepted this week

11 16 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes was up this week.  178 this week compared to 168 the week before.  It is a good time right now to get into a home before the end of the year.  With 2 holidays between now and the end of the year, when businesses are closed, soon we will have to go into the new year.  You could start the New Year out right with a new home and have time to get it the way you want it before Spring comes when you will want to be outside getting the yard the way you want it.

Look at the communities that sellers accepted the most contracts:

Aurora-31              Geneva-14   

 Naperville-33        Oswego-12   

 Plainfield-22         St Charles/Campton Hills-18

1 short sale was accepted in Naperville this week.  Now it will go to the lender to see if they will also accept it as written.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.  

2019 by the month

Month               New         Closed        Contracts 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       413            349               346

Total          14,726         9,724         11,480

Contact us

Call us at 630-503-6555 Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goals whether buying/selling a home.

If you are thinking about selling let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows 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.

Looking to buy a home?  The first step is to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you.  We can make some recommendations of loan officers to contact that we have successfully worked with.

Great resources to check out:

Buying a home in a good school district is important even though you do not have kids in school.  You always want to be thinking about resale value.

11 16 19 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Sign up for free with another way to search for a home.  I think you will really like all the information you get with this way to search.  If you need help in how to navigate it I would be happy to do a video conference call and share my screen with you to show you how.  This also has a chat feature.

 

11 9 2019 Market Update Fox Valley

11 9 2019 Market Update Fox Valley

11 9 2019 market update Fox Valley.  New listings of single family homes stayed consistent this week.  220 this week compared to 218 the week before.  We love a consistent market!  Maybe you will see something that fits your criteria for a home.

Closed listings of single family homes was down this week.  176 this week compared to 219 the week before.  That is the difference between the beginning of the month and the end of the month when most buyers want to close.

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

Aurora-New 34 $90,000-$500,000

            Closed-29 $100,001-$597,500

Bolingbrook-New 12 $174,900-$439,000

                    Closed-15 $135,000-$376,000

Geneva-New 12 $265,000-$744,900

             Closed-9 $162,500-$679,000

Naperville-New 31 $269,750-$1,025,000

                 Closed-24 $273,000-$1,040,000

Oswego-New 13 $198,000-$430,000

             Closed-11 $186,000-$925,000

Plainfield-New 30 $164,900-$590,000

                Closed-22 $145,000-$480,000

St Charles/Campton Hills-  

               New-11 $325,000-$769,900

               Closed-12 $255,000-$585,000

Yorkville-New 11 $234,900-$479,900

              Closed-3 $212,000-$240,000

Contracts accepted this week

11 9 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week by sellers was down this week. 168 this week compared to 183 the week before.  Now is the time to make sure you price your home right from the beginning.

Look at the communities that sellers accepted the most contracts:

Aurora-26           Bolingbrook-11         Naperville-33

Oswego-10         Plainfield-20

5 short sales were accepted this week on single family homes. 2 in Yorkville and 1 each in Aurora, Plainfield and St Charles/Campton Hills.  Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers on single family homes that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 2 with 48 hours and 4 with 24 hours.

Sellers also 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.

2019 by the month for new listings, closed and contracts accepted

Month              New         Closed           Contracts 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        220           176                    168

Total           14,533        9,551              11,302

Some of these new listings of single family homes are listed as new then after a couple months are canceled and relisted as new again so tht figure might not be correct as far as how many homes were listed as new.  They might of been counted twice or more.  Not all contracts accepted end up closing.  Buyer might have trouble getting financing or during the attorney review and inspection period issues sometimes can come up that do not get resolved.  It is very important to have a good REALTOR® and real estate attorney to help resolve any issues that come up.  Most can be resolved if handled correctly.  Others will take too much time to resolve so everyone moves on.

Contact us

Call us at 630-503-6555 Kristine Heiman, Managing Broker ext 101 or Bobby Burson, Broker ext 105.  Your goal is our goal. We will do everything we can to help you reach your goal. whether buying or selling a home.

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that will give you an estimate of expenses to sell your home.  This will be updated again when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified.  They will tell you what type of loan and what price range will work out best for you.  Do you need recommendations?  We will be happy to give you a few loan officers to contact so you can decide who you want to work with.

Check out some great resources:

Let us know what other information you are looking for.  We would be happy to point you in the right direction so all your questions will be answered.

11 9 2019 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up for another way to search for a home.  You can change it to satellite view and it also has a chat feature that you can connect with me.