2021 Real Estate Market Update Week 23

2021 Real Estate market update week 23 Cover

2021 real estate market update week 23.  New listings of single family homes were down this week.  297 this week compared to 314 the week before.  Not by much, but any decrease just makes it harder for the buyers that are waiting for new homes to come on the market.

Closed listings of single family homes was slightly down.  317 this week compared to 321 the week before.  Consistency is what we like to see.  They should increase as we get closer to the end of the month.

2021 Real Estate Market Update Week 23

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

Aurora-New 43 $140,000-$649,900

            Closed-36 $120,500-$700,000

Batavia-New 9 $240,000-$664,900

             Closed-13 $241,000-$550,000

Bolingbrook-New 27 $224,853-499,900

                    Closed-13 $190,000-$788,000

Geneva-New 11 $240,108-$879,900

              Closed-14 $335,000-$1,095,000

Montgomery-New 7 $190,000-$319,900

                     Closed-10 $165,000-$335,000

Naperville-New 68 $274,500-$2,699,000

                 Closed-60 $299,000-$1,100,000

Oswego-New 16 $164,900-$689,900

               Closed-20 $175,000-$575,000

Plainfield-New 28 $225,000-$895,000

                Closed-39 $240,000-$605,000

St Charles/Campton Hills-

               New 27 $250,000-$2,299,900

               Closed-33 $205,000-$1,405,000

Sycamore-New 6 $159,900-$650,000

                  Closed-12 $161,000-$440,000

Wet Chicago-New 11 $250,000-$699,900

                      Closed-5 $160,000-$680,000

Yorkville-New 6 $269,900-$899,900

              Closed-16 $235,000-$1,258,000

Median list price this week was the same as last week $375,000

Median closed price this week was $375,000, and last week it was $390,000

2021 Real Estate Market Update Week 23-Stats 061221

Contracts accepted this week

Contracts accepted this week were higher.  345 this week compared to 314 the week before.  Buyers are not slowing down.  We are still seeing multiple offers.  If you are thinking about selling now is the time to call us, and get it on the market.

2021 Real Estate Market Update Week 23-Contracts Accepted this Week

Look at the communities sellers accepted the most contracts:

Aurora-47                                        Bolingbrook-31

Geneva-15                                      Naperville-57

Oswego-24                                     Plainfield-45

St Charles/Campton Hills-24         Sycamore-11

West Chicago-12

No contracts were accepted on any short sales this week.  Prices have gone up enough, for a lot of them, to sell without having to go the short sale route.

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

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

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                 543           649                  829

February               561           604                  778

March                   993          1099                1455

April                    1006            926                1387

May                     1088         1228                 1289

June                      611           638                   659

Totals                  4802         5144                 6397

Closed is the most important column to look at.  These are actual numbers. 

Some get contracts accepted, and then go back on the market.  

New listings can also go back on as a new listing.

May is the best month so far for closed listings.

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

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 are thinking about selling your home request a home valuation. Give us a little information about recent updates that have been completed.  We 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.

Thinking about buying this year?  You need to get pre-approved with a loan officer.  Get them all your financial documents so they can put you through underwriting.  You need to take this extra step because you will most likely be up against multiple offers.

Resources:

If you need recommendations for real estate attorney, home inspector or loan officers we can give you a few to contact.

2021 real estate market update week 23.  Have a great week!

2021 market update week 23-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 21

2021 Real Estate market update week 21 Cover

2021 real estate market update week 21.  New listings of single family homes are up. 291 this week compared to 267 the week before.  We are heading in the right direction.    The need is greater though.

Closed listings of single family homes are up.  385 this week compare to 299 the week before.  It is the end of the month when you expect the numbers to be higher.

2021 Real Estate Market Update Week 21

 

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

Aurora-New 43 $130,000-$589,900

            Closed-54 $80,000-$484,000

Batavia-New 8 $274,900-$425,000

             Closed-14 $145,000-$799,000

Bolingbrook-New 18 $220,000-$525,000

                     Closed-23 $161,500-$497,000

Geneva-New 13 $229,000-$799,000

             Closed-14 $200,000-$970,000

Montgomery-New 11 $157,000-$950,000

                     Closed-8 $212,000-$330,000

Naperville-New 52 $269,000-$1,500,000

                 Closed-80 $280,000-$1,095,000

Oswego-New 10 $269,000-$450,000

              Closed-26 $245,000-$539,900

Plainfield-New 34 $219,000-$609,900

                Closed-56 $180,000-$651.500

St Charles/Campton Hills-

                New 16 $207,900-$749,999

                Closed-24 $265,000-$700,000

Sycamore-New 12 $139,900-$479,900

                 Closed-8 $165,000-$745,000

West Chicago-New 11 $239,000-$550,000

                        Closed-14 $170,000-$656,000

Yorkville-New 4 $305,000-$349,900

               Closed-10 $215,000-$724,900

Median list price of single family homes this week $355,000 last week $369,054

Median closed price of single family homes this week $355,000 last week $358,000

2021 Real Estate Market Update Week 21-Stats 052921

Contracts accepted this week

Contracts accepted on single family homes this week were up.  337 this week compared to 322 the week before.  Now to get them past home inspection, attorney review and the appraisal comes back at the right price.

2021 Real Estate Market Update Week 21-Contracts accepted this week

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

Aurora-58                          Bolingbrook-18

Geneva-17                         Montgomery-12

Naperville-61                     North Aurora-12

Plainfield-43                      St Charles/Campton Hills-42

Sycamore-15                     West Chicago-11

1 short sale was accepted this week by a seller.  It was in Bolingbrook.  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.  2 with a kick-out clause of 72 hours, 12 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month                       New     Closed     Contracts accepted

January                      543           649                 829

February                    561           604                 778

March                        993          1099              1455

April                         1006            926              1387

May                         1088          1228              1289

Totals                      4191          4506               5738

2020

January                   1105            566                 858

February                 1267            529               1024

March                     1186             707               1079

April                          648            786                 775

May                        1352          1010               1444

Totals                     5558           3598               5180

2019

January                   878             407                 568

February               1032             463                 832

March                    1731             915               1375

April                       1594             792               1307

May                       1645             995                1280

Totals                     6880           3572               5362

You can see 2021 has had the most closed with the least new listings.  Buyers are ready, but sellers are not.  This is why we are having multiple offer situations.  It is a great time for sellers to sell!  If you are waiting for the right time to sell the time is now.

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 to see what your home is worth in today’s market.  I think you will be surprised. We 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.

If you are thinking about buying a home this year you need to plan way in advance.  Get in touch with a loan officer that will take the next step and get you pre approved subject to finding the home.  You have to be ready to go in this market when you are up against so many other buyers submitting offers on the same home.  You need to look like the best offer.

Resources:

This market is very competitive for buyers.  You need to go look the day a home hits the market, and be ready to submit an offer right away.  If you blink it will be gone.

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

Connect with us on Facebook, Linkedin and twitter.  On Facebook you can click on the shop button to search for a home there.

All data came from our MLS MRED LLC.

2021 Real estate market update week 21.  Have a great week!

2021 market update week 21-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

2021 Real Estate Market Update Week 20

2021 Real Estate market update week 20 Cover

2021 real estate market update week 20.  New listings of single family homes are down.  267 this week compared to 294 the week before.  This is making it even harder for buyers.  Right now they are competing with multiple offer situations.  This increases their competition.

Closed listings of single family homes are up.  299 this week compared to 266 the week before.  We are getting closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 20

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

Aurora-New 34 $109,000-$739,900

            Closed-37 $131,500-$593,000

Batavia-New 8 $346,000-$519,000

             Closed-12 $146,000-$650,000

Bolingbrook-New 12 $209,900-$545,000

                     Closed-17 $185,000-$502,350

Geneva-New 14 $239,500-$749,000

              Closed-13 $240,000-$907,000

Montgomery-New 10 $169,900-$329,000

                      Closed-7 $199,000-$325,000

Naperville-New 63 $324,900-$1,350,000

                 Closed-58 $300,000-$1,450,000

Oswego-New 7 $310,000-$500,000

               Closed-20 $215,000-$500,000

Plainfield-New 31 $234,000-$758,400

                Closed-36 $250,000-$610,000

St Charles/Campton Hills-

                New 28 $189,900-$1,995,000       

                Closed-32 $180,000-$1,075,000

West Chicago-New 8 $250,000-$699,999

                        Closed-11 $190,000-$515,000

Yorkville-New 8 $257,500-$1,150,000

               Closed-14 $205,000-$685,000

Median list price this week $369,054 compared to last week $375,000

Median closed price this week $358,000 compared to last week $360,000

2021 Real Estate Market Update Week 20-Stats 052221

Contracts accepted this week

Contracts accepted this week were up.  322 this week compared to 290 the week before.  Right now it almost makes you feel like you won the lottery when you get your offer accepted with all the competition that is out there.

2021 Real Estate Market Update Week 20-Contracts accepted this week

Look at the communities that sellers accepted the most contracts:

Aurora-59                                  Bolingbrook-23

Geneva-17                                Montgomery-11

Naperville-52                             Oswego-17

Plainfield-33                              Plano-12

St Charles/ Campton Hills-20   Sycamore-10

West Chicago-14

1 short sale was accepted this week on a single family home.  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.  6 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649                 829

February                  561           604                 778

March                      993          1099               1455

April                       1006            926               1387

May                         797            843                 952

Totals                    3900           4121              5401

Closed is actual numbers.  New and contracts accepted can not be relied on.  Some new listings can be listed as new again.  Contracts accepted, if they do not make it past the home inspection and attorney review, can go back on the market and get another contract.

So far March has been the best month this year for closed homes.

Check back with us every Saturday for the market update.  Next week we will compare to 2020 and 2019.  We do that at the end of every month so you can see how this year is going.

Contact us

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

This is the best time to sell if you are thinking about it anytime in the near future.  Prices are increasing with the continued low inventory of homes for sale. 

Request a home valuation to see what your home is worth in today’s market. I think you will be be very pleasantly surprised.  Tell us about your home and what you have updated recently.  We will provide you with a net proceeds that shows you the expenses to sell.  It will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home this year? Plan way in advance.  You are up against a lot of competition.  You might need to put offers on a few homes before you get your offer accepted   You need to work with a lender that will pre approve you subject to finding the home.  It will take more than just a phone call.  You will need to submit all your financial information so make sure you have all that together. 

Resources:

We can make recommendations for loan officers, real estate attorneys and home inspectors  that you can choose from if you don’t know someone already.

2021 real estate market update week 20.  Have a great week!

2021 market update week 20-Kristine HEiman, Designated Managing BrokerKristine Heiman-Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 18

2021 Real Estate market update week 18 Cover

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

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

2021 Real Estate Market Update Week 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/ Campton Hills-

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

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

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

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

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

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

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

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

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

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home.  It was in Sycamore.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 with 24 hours.

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

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543           649                  829

February                     561           604                  778

March                         993          1099                1455

April                          1006            926                1387

May                             236            278                 340

Totals                        3339           3556              4789

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

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

Contact us

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

It is a great time sell!  Prices are increasing.  Request a home valuation and give us some information about your home, and what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in, and we know all the terms so you can make a good decision.

Are you thinking about buying this year?  You need to talk to a loan officer and submit all your financial information so they can get you pre-approved.  You need to take this extra step and get pre-approved with the market right now.   Homes are selling very fast  with multiple offers.  You need to be ready to go look as soon as a home hits the market, or it will be gone.  The loan officer will give you a letter showing what you qualify for, and what type of loan.  This will go with an offer when you find a home.

Resources:

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

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

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

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

2021 market update week 18Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101    

2021 Real Estate Market Update Week 16

2021 Real Estate market update week 16 Cover

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

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

2021 Real Estate Market Update Week 16

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-50                                 Batavia-13

Bolingbrook-20                         Geneva-14

Montgomery-11                        Naperville-79

Oswego-26                              Plainfield-47

St Charles/Campton Hills-32   West Chicago-10

Yorkville-12

1 short sale was accepted by a seller this week on a single family home.  It was in Aurora.  Now it will get submitted to the lender to see if they will also accept.

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

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

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543         649                  829

February                     561         604                  778

March                         993        1099                1455

April                            501          414                  655

Totals                        2598        2766                3717

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

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

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

Contact us

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

Will you be selling this year?  Request a home valuation and give us some detalls about your home and let us know about any updates that you have completed recently.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

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

Resources:

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

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

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

2021 market update week 16Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 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