2021 Real Estate Market Update Week 12

2021 market update week 12 Cover

2021 real estate market update week 12.  New listings of single family homes were up.  222 this week compared to 171 the week before.  Increases are always exciting.  We are hoping this picks up steam so there are homes to show buyers that are getting impatient.  Too many have multiple offers the same day they are listed.

Closed listing of single family homes went down.  209 this week compared to 226 the week before.  The last 3 days business days of the month are next week so there should be an increase then.

2021 Real Estate Market Update Week 12

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

Aurora-New 26 $120,000-$1,499,000

            Closed-27 $115,000-$553,000

Bolingbrook-New 13 $245,900-$799,900

                    Closed-12 $165,000-$474,809

Geneva-New 8 $325,000-$1,639,900

              Closed-10 $292,000-$617,000

Naperville-New 50 $295,000-$1,745,000

                 Closed-41 $260,000-$1,800,000

Oswego-New 11 $175,000-$749,500

               Closed-15 $206,000-$1,500,000

Plainfield-New 29 $219,999-$599,999

                Closed-25 $200,000-$781,624

St Charles/Campton Hills-

                New 25 $240,000-$1,895.000

                Closed-16 $285,000-$617,500

You should be able to click on the photo above to make it larger so you can see all the communities that had activity this week.  You might have to adjust what community you are looking at depending on what price range you are looking for.

Contract accepted this week

Contracts accepted this week on single family homes were slightly down.  293 this week compared to 304 the week before.  You can see more contracts were accepted this week than new listings.  This is the problem with low inventory.  As soon as they come on the market they are gone and then some.

2021 Real Estate Market Update Week 12-Contracts Accepted This Week

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

Aurora-34                                 Bolingbrook-19

Geneva-15                               Naperville-75

Oswego-17                              Plainfield-28

St Charles/Campton Hills-21   West Chicago-10

Yorkville-14

1 short sale was accepted on a single family home this week.  It was in Montgomery.  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.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

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

Multiple offer situations has decreased these contingencies.  Seller’s are looking for the offer with the least amount of hurdles to get through to get to closing.

2021 real estate market update by the month

Month                       New     Closed     Contracts accepted

January                      543           649                    829

February                    561           604                    778

March                        801           825                   1146

Totals                       1905         2078                  2753

Look at the difference in the months so far.  The closed column is the most important column because that is actual numbers.  New listings can be relisted and contracts accepted not always make it past the home inspection and attorney approval time period.  They can go back on the market and then contract pending again.  

This is the last full week of the month but I think I will wait until next week to take a look back to 2020 and 2019.  There is 3 business days next week still in March so I will wait. 

Check back with us every Saturday for the 2021 real estate market update and at the end of each month for a comparison to the previous 2 years so you can see how this year is going.

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.

If you have been waiting for Spring market to put your home up for sale you don’t need to wait.  It is here!  There is not enough homes on the market and the prices are rising because of it.  Request a home valuation and let us know about any updates that have been completed lately that might increase the value.  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 wanting to buy a home this year?  You need to be ready to go with a letter from a lender showing what you qualify for in price and what type of loan.  Homes are moving quickly now and you will not have time to look and then get this from a loan officer.  When a home hits the market that fits your criteria you need to be ready to go look and write an offer.  They are going that quickly.

Resources to check out:

If you are looking for other information let me know and I will point you in the right direction.  We can make recommendations for a few loan officers, home inspectors and real estate attorneys.  You can decide which ones you want to work with.

2021 real estate market update week 12.  Have a great week!

2021 market update week 12Kristine 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 Market Update Week 11

2021 market update week 11 Cover

2021 market update week 11.  New listings on single family homes were down this week.  171 this week compared to 218 the week before.  We are going in the wrong direction.  Today is the first day of Spring.  We should be listing more not less homes.  Seller’s where are you?  Contact me as soon as possible.

Closed listings of single family homes were up this week.  226 this week compared to 177 the week before.  We are heading towards the end of the month when most buyers want to close.  They should increase next week as well.

2021 Market Update Week 11

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

Aurora-New 16 $99,900-$699,000                   

            Closed-21 $140,000-$544,000

Bolingbrook-New 12 $229,700-$410,000

                    Closed-12 $217,000-$438,820

Geneva-New 7 $239,900-$574,900

             Closed-12 $259,000-$605,000

Naperville-New 53 $269,900-$3,000,000

                 Closed-51 $287,500-$1,304,000

Oswego-New 5 $269,900-$509,900

              Closed-15 $220,000-$505,000

Plainfield-New 24 $183,000-$629,000

                Closed-27 $195,000-$584,652

St Charles/Campton Hills-

                 New 14 $199,900-$1,450,000

                 Closed-17 $212,100-$1,200,000

Yorkville-New 6 $240,000-$425,000

               Closed-10 $240,000-$414,000

You should be able to click on the photo above to see the other communities and price ranges.  You might need to look at these other communities that are not your first choice to find a home.  They are going fast though everywhere.

Contracts accepted this week

Contracts accepted on single family homes were up this week.  304 accepted this week compared to 289 the week before.  Buyers are fighting over the listings that are available.  Multiple offers are here to stay until more homes come on the  market.

2021 Market Update Week 11-Contracts accepted this week

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

Aurora-44                              Bolingbrook-20

Geneva-18                             Montgomery-13

Naperville-57                        Oswego-12

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

2 short sales were accepted by seller’s this week.  1 each in North Aurora and Sycamore.  Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 4 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours.

I really thought it would happen sooner that seller’s would not accept contracts that buyer’s still had to sell their home and close.  With all the competition out there and multiple offers seller’s are looking for the offer that has as few hurdles as possible to get past.

2021 market update by the month

Month                         New     Closed     Contracts accepted

January                       543        649               829

February                     561        604               778

March                        579         616               853

Totals                       1683      1869             2460

Check back with us every Saturday for the market update.  At the end of the month I will compare to 2020 and 2019 so you will have something to compare to so you can see how the market is going.

March is not even over yet and all the totals look like they will be higher than the previous 2 months.  We need to at least double the new listings though.

Contact us

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

Request a home valuation if you are thinking about selling.  Give us a little information about any updates you have recently completed.  We will let you know what your home is worth in today’s market.  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?  Contact a loan officer with all your financial information to get prequalified.  You need to have everything in place and ready to go just in case you find a home.  Multiple offers are the norm right now so you might not want to look at the top of your price range unless you have more cash to put down.  So many homes are getting offers above the listed price because of low inventory of homes for sale.

Resources:

Let us know if there is other information that you are looking for.  I would be happy to point you in the right direction.  If you need recommendations for loan officers, home inspectors or real estate attorneys.  We can give you a few of each to contact to see which one you would prefer to work with.

2021 market update week 11.  Have a great week!

2021 market update week 11Kristine 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 market update week 9

2021 market update week 9 Cover

2021 market update week 9.  Here in the Fox Valley new listings of single family homes are up.  190 this week compared to 152 the week before.  The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market.  We are very excited about that.  There just is not enough homes for buyers to look at and this is helping.  We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher.  213 this week compared to 208 the week before.  Some closing that should of closed at the end of the month spill over to the beginning of the next month.  Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

2021 market update week 92021 market update week 9-Stats 030621

We are still closing on more homes than are coming on the market.  It continues to be a seller’s market.  Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

            Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

                     Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

             Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

                      Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

                 Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

              Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

                Closed-20 $263,000-$519,000

St Charles/Campton Hills-

                New-12 $200,000-$995,000

                Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

              Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher.  260 this week compared to 257 the week before.

2021 market update week 9-Contracts accepted this week

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

Aurora-34                                         Bolingbrook-14

Geneva-10                                         Naperville-50

Oswego-16                                        Plainfield-26

St Charles/Campton Hills-14             Yorkville-14

No short sales accepted by seller’s this week.  That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-put clause of 72 hours, 10 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 72 hours and 1 with 48 hours.

2021 market update by the month

Month                        New     Closed     Contracts accepted

January                     543        649               829

February                   561        604               778

March                       190        213               260

Totals                      1294     1466             1867

Check back with us every Saturday for the 2021 market update.  At the end of each month we take a look back at 2020 and 2019 to see how things are going this year compared to those years.

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.

Thinking about selling this year?  Buyers have not stopped looking.  There is not enough homes on the market.  It is a great time to sell!  Request a home valuation  and give us some details about any improvements you have made and some of your homes features.  We will let you know what it is worth in today’s market.  Also, 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.

If you are wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin.  Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call.  They will provide you with a letter that shows what type of loan and price that works out best for you.  We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

  • Don’t go it alone
  • How much can you afford
  • Understanding the cost
  • Requirements for Septic System owner
  • Buying a condominium
  • Special Service Area
  • Getting it Sold
  • Radon
  • Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction.  If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9.  Have a great week!

2021 market update week 9Kristine 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 market update week 5

2021 market update week 5 Cover with QR code

2021 market update week 5.  Slightly more listings of single family homes added this week.  128 this week compared to 120 the week before.  Buyer’s are looking for so much more to hit the market.  Especially more in each price range.  Multiple offers are here until we see a big jump in homes coming on the market.

Closed listings of single family homes was slightly down.  146 this week compared to 159 the week before.  The decrease from the end of January to the beginning of February was not that great.  They should slightly increase from here to the end of the month.

2021 market update week 5

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

Aurora-New 19 $130,000-$424,900

            Closed-24 $125,000-$392,500

Bolingbrook-New 7 $225,000-$494,000

                    Closed-11 $166,000-$364,000

Naperville-New 25 $299,000-$1,850,000

                 Closed-29 $250,000-$1,250,000

Plainfield-New 18 $225,000-$474,633

                Closed-19 $210,000-$612,500

St Charles/Campton Hills-

                 New 8 $285,000-$1,500,000

                 Closed-12 $255,000-$630,000

Contracts accepted this week

Contracts accepted on single family homes this week was slightly higher.  251 this week compared to 246 the week before.  These numbers would be so much higher if there were more homes on the market.  It does not seem to matter what time of year it is like most years.  Buyer’s have been looking and waiting for so long that they will grab a home when they can get it.  It makes it kind of hard when you are working around a lease. 

2021 market update week 5-contracts accepted this week

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

Aurora-26                                   Bolingbrook-18

Geneva-15                                  Naperville-41

Oswego-18                                 Plainfield-33

St Charles/Campton Hills-26      Yorkville-15

4 short sales were accepted by seller’s this week.  1 each in Aurora, Bolingbrook, Montgomery and Warrenville.  Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours and 5 with 48 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 72 hours and 4 with 48 hours.

2021 by the month

Month                         New     Closed     Contracts accepted

January                       543        649              829

February                     128        146              251

Totals                          671        795            1080

Check back with us every Saturday for the 2021 market update.  At the end of each month I will show you the previous 2 years so you will have something to compare too so you can see how the market is doing.

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.

Homes are selling like hotcakes!  If you have been thinking about making a move, now is the time to sell.  Get rid of all the unnecessary things you have been holding on to.  Do a deep clean and put a fresh coat of paint in each room.  Check for any repairs that need to be tended to now.  Request a home valuation so we can let you know what your home is worth in today’s market.  We will provide you with a net proceeds that shows you and 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.

Are you thinking about buying a home this year?  Get in touch with a loan officer to get prequalified.  You will need 2 years of tax returns, pay stubs, bank statements, car payment and credit card information.  If you have any other monthly payments you will need to have them too.  They will provide you with a letter showing the price and type if loan that will work out best for you.  When you find a home this will go with an offer to show the seller that you qualify for their home. 

Resources to check out:

Let me know what other information you are looking for and we will point you in the right direction.  We will also give you a few recommendations for loan officers, real estate attorneys and home inspectors if you don’t have someone already.

I am here to guide you through the process.

2021 market update week 5.  Have a great week!

2021 market update week 5Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

Market update Fox Valley week 52

Market update Fox Valley week 52.  The market slowed way down this week with the holiday.  Only 62 new listings of single family homes this week compared to 100 the week before.

Closed listing were also down.  163 single family homes this week compared to 242 the week before. Next week we should see a big jump because it is the last week of the month and year.

Market update Fox Valley week 52

 

 

 

 

 

 

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

Aurora-New 6 $155,000-$280,000

            Closed-22 $139,000-$417,500

Bolingbrook-New 2 $249,900-$284,900

                    Closed-11 $165,000-$420,000

Naperville-New 20 $375,000-$1,475,000

                 Closed-26 $240,000-$2,900,000

Plainfield-New 4 $239,900-$405,000

                Closed-30 $225,000-$728,000

St Charles/ Campton Hills-

                 New 4 $289,900-$629,900

                 Closed-15 $75,000-$568,000

Contracts accepted this week

We add in the contracts accepted into the market update Fox Valley to let you see how many buyers are out there ready to write an offer that gets accepted.  In normal weeks when this starts to change you know the market is changing either for the better or not so good.

Market update Fox Valley week 52-Contracts accepted this week

 

 

 

 

 

 

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

Aurora-10                                 Bolingbrook-11

Naperville-15                            Plainfield-14

3 short sales were accepted by sellers this week. 1 in Montgomery and 2 in Plano. 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.  2 with a kick-out clause of 72 hours and 1 with 48 hours.

Also, sellers accepted contract that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 5 with 48 hours.

There is still confidence in the market that these will go through.

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        1116               1159

November              567          985                 699

December              440          793                 663

Totals                 12270       11691             14026

Closed is the most important column. These are actual numbers.  September was the best month so far this year for closed single family homes.

New listings sometimes are relisted as a new listing when they are not.

Contracts accepted can sometimes not make it through the home inspection and attorney review period for many different reasons.  So both of those columns are not actual numbers.  

Next week will be the last week of the year.  We will compare this year with 2019 and 2018 so you can see how this year compares to those 2 years.

We had no idea in February how this year would go.  Buyers were out there wanting a bigger home for a home office and space for e-learning and a bigger yard.  Inventory has remained low so prices have gone up.

Contact us

Call 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.

Thinking about selling your home?  Request a home valuation so we can update the value on your home. We will provide a net proceeds that shows an estimate of expenses to sell so you know 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.

Are you thinking about buying a home in the new year?  You will need to get a couple of years tax returns, pay stubs, bank statements, credit card information, car payment information and any other payments you make monthly together and contact a loan officer to get prequalified.  They will give you a letter that shows the type of loan and the price that will work out best for you.  This will go with an offer when you find the home you like.

Check out some great resources that might help you:

Let us know if there is any other information that you are looking for.  We would be happy to point you in the right direction.

Market update Fox Valley week 52.  Happy Holidays!  Have a great week.

Market update Fox Valley week 52Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 49

Market update Fox Valley week 49Market update Fox Valley week 49.  New listings of single family homes are up 42.86%.  130 this week compared to 91 the week before that was Thanksgiving week.  Holidays can make a big difference.

Closed listings of single family homes were up 52.33%.  294 this week compared to 193 the week before.  When you have a holiday at the end of the month some of the closings get pushed back to beginning of the next month.  It is hard to get them all in in 3 days.

We are heading into the final weeks of the year.  Most of the sales now will most likely close in the new year unless it is a cash sale.

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

Aurora-New 18 $129,900-$459,000

            Closed-43 $120,000-$449,000

Bolingbrook-New 16 $209,900-$450,990

                     Closed-21 $164,000-$560,000

Geneva-New 3 $410,000-$958,900

             Closed-12 $337,000-$815,000

Montgomery-New 3 $270,000-$335,000

                      Closed-11 $186,000-$351,000

Naperville-New 27 $288,050-$1,298,700

                 Closed-48 $270,000-$1,950,000

Oswego-New 6 $199,900-$389,900

              Closed-11 $190,000-$429,365

Plainfield-New 10 $185,873-$999,800

                Closed-27 $231,500-$389,000

St Charles/Campton Hills-

                 New 11 $250,000-$824,900

                 Closed-28 $186,000-$1,400,000

West Chicago-New 6 $214,900-$339,900

                       Closed-12 $162,000-$550,000

Yorkville-New 9 $235,000-$429,900

              Closed-15 $193,000-$359,000

Contracts accepted this week

Market update Fox Valley week 49-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted this week were down 5.08%.  187 this week compared to 197 the week before.  Not too bad when the week before we were way down in new listings.  Not a lot of choices for the amount of buyers that are out there.  We are still seeing multiple offers.

You need to have a good strategy in place right now if you are a buyer.  You need to be ready to go look and not hesitate to write an offer.

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

Aurora-28                                      Bolingbrook-17

Naperville-23                                 Plainfield-31

St Charles/Campton Hills-17

2 short sales were accepted this week by sellers.  1 each in Aurora and Batavia.  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.  5 with a kick-out clause of 72 hours,  2 with 48 hours and also 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 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      1116             1159

November                 567        985                699

December                 130        294                187

Totals                   11960    11192           13550

The closed column is the most important one.  These numbers show you what actually happened.  New listings and contracts accepted columns are inflated with homes that could of been relisted as new or received a contract and did not go through and then received another contract.

September so far is the best month for closed homes.  Usually it drops off a little after school starts but not this year.  It is still a sellers market.  There are more buyers than homes for sale.  This has caused prices to rise.  Interest rates are still fantastic!

Some people don’t realize how good the market is right now.  They think because of the pandemic the market is not moving but it sure is.

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.

Thinking about selling your home?  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 so you will have an idea of what you have to work with.  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 a home?  Your first step is to get a couple of years tax returns, pay stubs, bank statements and any other thing that you pay monthly like credit cards or car payments together.  Call a loan officer to get prequalified.  They will provide you with a letter showing the type of loan and the price that will work out best for you.  When you find a home we will need to send this with an offer to show sellers that you qualify.

Check out some great resources:

If you need any other information let us know and we will point you in the right direction.  Do you need recommendations for real estate attorneys, home inspectors or information on radon?  Let us know and we will provide you with people that we have worked with before or we can send you pamphlets on the information that you are looking for.

Market update Fox Valley week 49.  Have a great week!

Market update Fox Valley week 49Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 48

Market update Fox Valley week 48.  New listings of single family homes are down 39.34%.  91 this week compared to 150 the week before.  It is a holiday week so that makes it tough.  This week we should bounce back.

Market update Fox Valley week 48

 

 

 

 

 

 

Closed listings of single family homes were also down 37.34%.  193 this week compared to 308 the week before.  When a holiday is at the end of the month closings either get moved up or pushed back.

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

Aurora-New 14 $114,900-$449,995

            Closed-27 $60,000-$663,000

Bolingbrook-New 5 $209,900-$345,000

                     Closed-16 $140,000-$359,000

Naperville-New 12 $384,900-$1,325,000

                 Closed-25 $330,000-$760,000

Oswego-New 3 $234,000-$435,000

              Closed-13 $252,000-$575,000

Plainfield-New 14 $185,000-$849,900

                Closed-18 $208,000-$790,000

St Charles/Campton Hills-

                New 9 $224,900-$899,000

                Closed-19 $138,000-$775,000

Yorkville-New 2 $359,990-$369,000

              Closed-12 $239,900-$495,000

Contracts accepted this week

Market update Fox Vallley week 48-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted on single family homes are down by 13.22%.  197 this week compared to 227 the week before.  That is not too bad for a holiday week!

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

Aurora 29                                   Bolingbrook-22

Naperville-35                              Plainfield-23

St Charles/Campton Hills-17

Only 1 short sale was accepted this week by a seller.  It was in Naperville.  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, 4 with 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 72 hours, 5 with 48 hours and 1 with 24 hours.

2020 by the month and a look back at 2019 and 2018

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       1116             1159

November                 567          985               699

Totals                   11830      10898          13363

2019

January                    878           407              568

February                1032           463              832

March                    1731           915            1375

April                      1594           792            1307

May                       1645           995            1280

June                       1643        1253            1218

July                        1423        1008            1090

August                   1585        1330            1196

September             1164          765               869

October                 1041          738               776

November                897          946               839

Totals                   14633       9612           11350

2018

January                   808           489               606

February               1040           444               856

March                   1549           907            1564

April                     1515           836            1278

May                      1645           995            1280

June                     1828         1720            1474

July                      1318           994            1061

August                 1294         1032              989

September           1479         1093            1078

October               1042           712               748

November             729            739               653

Totals                14247         9961          11587

Closed is the most important column to look at.  These are actual numbers and 2020 is doing the best so far comparing to 2019 and 2018.

New listings for 2020 is way behind 2019 and 2018 but these numbers are not accurate.  Some of these have been relisted as new even though they have been on the market.  New construction has helped buyers that are looking and just can’t find anything.  Homeowners don’t realize how many buyers are out there looking.  They think because of the pandemic that housing isn’t moving.  We are still getting multiple offers on homes.  Inventory of homes for sale has been severely low for a few years causing pricing to really go up this year but interest rates are fantastic.

Contracts accepted numbers are also not accurate.  Some of these contracts do not make it through the home inspection and attorney review period.  They go back on the market and then get another contract.   Buyers in this market know they have to be ready to write a contract or they will lose out on a home.

Check back with us every Saturday for the market update Fox Valley.  At the end of each month we will compare to 2019 and 2018.

Contact us

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

Buyers are looking for a home that is ready to move into. If you are thinking about selling make sure you pack everything away.  Fresh paint does wonders.  Make sure your home is sparkling clean or they will just move onto the next home.  Request a home valuation so we can show you what it is worth in today’s market.  I will provide you with a net proceeds that shows you an estimate of the expenses of selling a home.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  Get a couple of years tax returns, pay stubs, bank statements and any monthly loans or credit cards you have together.  Contact a loan officer and get prequalified.  They will provide you with a letter showing the type of loan and what price would work out best for you.  This will go with an offer when you find a home so you can show the owner that you do qualify to buy their home.  Need a recommendation?  Let us know and I will provide you with a few that we have successfully worked with and you can decide who you want to work with.

Check out some great resources:

Let us know if there is any other information you are looking for.  We will be happy to point you in the right direction.

Market update Fox Valley week 48.  I hope you enjoyed a great Thanksgiving.  Have a great week!

Market update Fox Valley week 47

Market update Fox Valley week 47

 

 

 

 

 

 

Market update Fox Valley week 47.  New listings of single family homes were about the same.  150 this week compared to 152 the week before.  This is typical for this time of year before the holidays but this year the amount of buyers out there ready to buy is not getting satisfied.  Multiple offers are a common thing right now.  Buyers are using escalation clauses, waiving home inspections and trying to be creative to win.

Closings on single family homes this week were up 54.77%.  308 this week compared to 199 the week before. Next week is going to be a short week with the Thanksgiving holiday so that is why there is such an increase.

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

Aurora-New 17 $139,900-$385,000

            Closed-41 $70,070-$510,000

Batavia-New 5 $297,500-$489,500

             Closed-15 $174,000-$855,000

Bolingbrook-New 10 $169,900-$344,900

                     Closed-20 $155,000-$507,670

Geneva-New 8 $255,000-$792,000

             Closed-19 $235,000-$625,000

Minooka-New 3 $275,000-$288,150

               Closed-14 $124,000-$650,000

Montgomery-New 5 $189,900-$289,900

                      Closed-13 $141,277-$295,000

Naperville-New 26 $299,900-$1,400,000

                 Closed-44 $270,000-$1,775,000

Oswego-New 12 $299,900-$529,900

              Closed-20 $248,000-$525,000

Plainfield-New 19 $184,000-$749,000

                Closed-34 $182,500-$565,000

St Charles/Campton Hills-

                 New-10 $237,900-$889,900

                 Closed-16 $225,500-$548,000

Yorkville-New 2 $199,000-$299,390

              Closed-16 $235,000-$849,000

Most of these communities consistently see higher activity.  Is that what you are looking for or a smaller more stable community?

Contracts accepted this week

Market update Fox Valley week 47-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted this week on single family homes were down 5.02%.  227 this week compared to 239 the week before.  With only 152 new listings added last week this turned out better than expected.

Look at the communities sellers accepted the most contracts:

Aurora-33                             Bolingbrook-17

Geneva-10                            Naperville-34

Plainfield-30                         St Charles/Campton Hills-15

West Chicago-12                  Yorkville-11

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

Sellers accepted contracts that are contingent on the buyers closing on their current home. 6 with a kick-out clause of 72 hours and 7 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 and also 2 with 48 hours.

Sellers still have confidence in the market to accept these contingencies.  It has been a crazy year but the market has been good!

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        1116              1159

November                 476           792                699

Totals                    11739      10705           13363

The closed column is the most important one to look at.  These are actual numbers.  New and contracts accepted might not be because of listings relisted as new even though they are not.  Contracts can get accepted and not make it through the home inspection and attorney review period and go back on the market and then come up as contract accepted again.

Check back with us next week and we will also look back at 2019 and 2018.  I do that at the end of each month so you can see how the market is doing compared to those other 2 years.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  I will do whatever I can to help you reach your goal.

Thinking about selling your home?  Request a home valuation and we will show you what it is work in today’s market.  I will 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.

Are you thinking about buying a home?  Get your tax returns for 2 years, check stubs, bank statements and anything you pay monthly together and call a loan officer to get prequalified.  They will tell you the price range and what type of loan will work out best for your situation.  If you need recommendations I would be happy to give you a few names and numbers to contact and you can choose who you want to work with.  They will give you a letter showing what you qualify for and that will go with an offer when you find a home.  If it is older than 30 days it will need to be updated.

Check out some great resources:

If you are looking for other types of information let me know I would be happy to tell you where to look.  Some of the links provided also give you other information that you might be interested in.

Market update Fox Valley week 47.  Have a great week!

Market update Fox Valley week 47Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 38

Market update Fox Valley week 38                                                                                                                                                                                                                                         Market update Fox Valley week 38.  New listings of single family homes were up 7.55%.  228 this week compared to 212 the week before.  Slight increase we are thankful for but it is still not enough.  Extremely low inventory continues.

Closings were also up by 37.5%.  297 this week compared to 216 the week before.  They should increase as we head to the end of the month.

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

Aurora-New 31 $139,900-$1,699,000

            Closed-30 $85,000-$780,000

Batavia-New 8 $202,500-$525,000

             Closed-11 $264,900-$1,010,000

Bolingbrook-New 14 $164,900-$419,999

                     Closed-19 $112,000-$479,500

Geneva-New 11 $274,900-$654,900

             Closed-10 $299,900-$662,500

Montgomery-New 8 $170,00-$399,000

                      Closed-13 $145,000-$267,000

Naperville-New 40 $249,000-$2,250,000

                 Closed-65 $275,000-$1,405,000

Oswego-New 19 $205,000-$1,500,000

              Closed-15 $230,000-$545,000

Plainfield-New 15 $204,900-$504,900

                Closed-41 $215,000-$482,670

St Charles/Campton Hills-

                New 18 $300,000-$2,495,000

                Closed-27 $250,000-$1,127,000

West Chicago-New 10 $234,900-$649,900

                       Closed-10 $130,000-$398,700

Contracts accepted this week

Market update Fox Valley week 38-Contracts accepted this week

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts accepted this week on single family homes were up 15.41%.  307 this week compared to 266 the week before.  34.65% more single family homes taken off the market with contracts than new listings coming on the market.  It is time for you to get your home on the market if you want to sell this year.

Look at the communities that sellers accepted the most contracts:

Aurora-44                              Batavia-10

Bolingbrook-13                     Geneva-17

Naperville-47                        Oswego-18

Plainfield-46                         St Charles/Campton Hills-22

Yorkville-16

Sellers accepted contracts that are contingent on the buyer closing on their current home.  9 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

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

These sellers still feel confident in the market that these buyers will get through their contingencies and close.

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              695          870                   907

Totals                    9939       8164              10909

Closed is the most important column to look at.  This is what actually happened.  New listings can be relisted so they might be counted twice.  The same for contracts accepted.  Some of them do not make it past the home inspection and attorney review.  They go back on the market and then get another contract.  They might also be counted twice.  Sometimes even more.

July is the best month so far.  This is not typical.  July is usually a slow month when most people are on vacation.  The pandemic stalled the market in April and then started back up strong in May.  So many people I have talked to that have not been paying attention to what is going on in the real estate market are surprised to hear how well the market is doing during this time.

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 not too late to get your home on the market.  You can still get moved before the holidays. Request a home valuation so you know the value of your home in today’s market.  I think you will be happily surprised.  We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with.  This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you need 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.  They will provide you with a letter that will go with an offer when you find a home.  You need to get this updated if it is older than 30 days.

Check out some great resources:

Market update Fox Valley week 38.  Have a great week!

Market update Fox Valley week 38 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

 

Market update Fox Valley week 36

Market update Fox Valley week 36         Market update Fox Valley week 36.  New listings of single family homes are up this week.  255 this week compared to 241 the week before.  Great news!  Any increase is very welcome.

Closed listings of single family homes were also up this week.  357 this week compared to 325 the week before.  Some of these were on the 31st of August and we are including them in this first week of September.  Most buyers do not want to close in the beginning of the month because they need to bring a whole month of interest along with other closing costs to the closing.  Some of these closings are getting pushed to the next week because of the loan not processing in time.  There is a lot of activity along with a lot of homeowners refinancing because the rates are so fantastic right now.

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

Aurora-New 24 $115,000-$465,000

            Closed-46 $105,000-$480,000

Batavia-New 12 $210,000-$609,900

             Closed-9 $212,000-$638,449

Bolingbrook-New 14 $174,900-$475,000

                     Closed-23 $185,000-$410,000

Geneva-New 11 $250,000-$675,000

             Closed-16 $238,000-$1,350,000

Montgomery-New 3 $225,000-$239,000

                      Closed-15 $177,000-$325,000

Naperville-New 55 $270,000-$1,975,000

                 Closed-60 $270,000-$1,000,000

North Aurora-New 4 $194,000-$369,000

                       Closed-12 $236,000-$445,500

Oswego-New 11 $215,000-$345,900

              Closed-13 $185,000-$380,000

Plainfield-New 32 $230,000-$648,731

                Closed-40 $150,000-$581,000

St Charles/Campton Hills-

                New 23 $185,000-$1,250,000

                Closed-36 $142,500-$1,057,000

Sycamore-New 5 $119,000-$535,000

                 Closed-10 $95,707-$485,000

West Chicago-New 5 $197,000-$278,000

                       Closed-18 $135,000-$535,000

Yorkville-New 14 $89,900-$465,000

              Closed-9 $150,000-$365,000

Are you looking for a community that consistently has high turnover or maybe a smaller community that there is rarely a home available.

Contracts accepted this week

Market update Fox Valley week 36-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week were slightly lower.  334 this week compared to 345 the week before.  There were more contracts accepted this week than new listings.  We continue to have low inventory.  This is a fantastic time to sell with little competition.

Look at the communities that sellers accepted the most contracts:

Aurora-50                             Bolingbrook-25

Geneva-16                            Montgomery-10

Naperville-53                        Oswego-20

Plainfield-47                         St Charles/Campton Hills-22

Sycamore-14                        Yorkville-10

4 short sales were accepted this week by sellers.  1 each in Naperville, Plano, West Chicago & Yorkville.  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.  10 with a kick-out of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  8 with a kick-out of 72 hours and 5 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              255        357              334

Totals                   9499      7651         10336

July is the best month so far this year.  You need to mainly focus on the Closed column.  New listings can be misleading.  Sometimes the same listing comes up as new after a period of time if it does not sell right away.  Contracts accepted do not always close.  Sometimes they do not make it past the home inspection and attorney review period so they might go back on the market and then get another contract.  We can check on that for you.

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.

Thinking about selling your home?  Request a home valuation so we can let you know what your home is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell so you will know where you are at and what you have to work with.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  You will need to talk to a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you.  Seller’s want to know that we are showing their home to someone that qualifies for their home.

Check out some great resources:

Whether you want to buy your first home, down size or buy something larger to accommodate your needs we will guide you through the process.  If you need recommendations for loan officers, real estate attorneys or home inspector we will give you a few names and phone numbers to contact to see who you would like to work with.

Market update Fox Valley week 36.  Have a great week!

Market update Fox Valley week 36Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101