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 

 

Market update Fox Valley week 34

Market update Fox Valley week 34 Market update Fox Valley week 34.  New listings were slightly lower this week.  253 new single family homes this week compared to 264 the week before.  See if any of the communities above have new listings that are in your price range.  Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.

Closed listings this week were also slightly lower than the week before.  332 this week compared to 340 the week before.  Usually they increase as we get closer to the end of the month.

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

Aurora-New 28 $129,900-$650,000

            Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

             Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

                     Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

             Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

                      Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

                 Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

              Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

                Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

                New 27 $150,000-$1,325,000

                Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

                 Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

              Closed-10 $239,900-$450,000

Contracts accepted this week

Market update Fox Valley week 34-Contracts accepted this week

Aurora-66                                      Bolingbrook-17

Geneva-13                                     Naperville-66

North Aurora-11                            Oswego-10

Plainfield-38                                   Plano-11

St Charles/Campton Hills-34          West Chicago-11

Yorkville-18

No short sale accepted contracts this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  14 with a kick-out clause of 72 hours, 16 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.  4 with a kick-out clause of 72 hours and 8 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                         796      1010           1091

Totals                         9003      6969           9657

Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.

Solds are the most important figures to look at.  Those are actual numbers.  New listings can be canceled and relisted.  Contracts accepted might not actually close.  Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through.  That is why there is such a big difference in the totals.  Some of them get accepted, canceled and relisted and contract accepted again.

Contact us

Call us 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 still a great time to sell.  Inventory continues to remain extremely low.  There is not a lot of competition right now.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you and estimate of expenses to sell so you can see where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan.  We will need to submit this with an offer when you find a home.

Check out some great resources:

Let us know if you are looking for any other information.  We can point you in the right direction.

Market update Fox Valley week 34.  Have a great week!

Market update Fox Valley week 34Kristine 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 27

Market update Fox Valley week 27Market update Fox Valley week 27.  New listings of single family homes was 5.76% lower this week.  278 last week compared to 295 the 

week before.  Hope people are waiting until after the holiday to put their home on the market.  Inventory continues to remain extremely low.

Closed listings were 48.39% higher.  368 last week compared to 248 the week before.  Monday and Tuesday were the last 2 days of the month of June. A lot of them might of closed in those 2 days.  Most buyers want to close at the end of the month.

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

Aurora-New 36 $141,000-$415,980

            Closed-40 $90,000-$525,000

Batavia-New 4 $195,000-$394,900

             Closed-15 $284,400-$712,590

Bolingbrook-New 17 $189,900-$879,000

                     Closed-21 $163,500-$399,000

Elburn-New 3 $179,000-$354,000

            Closed-11 $225,000-$380,000

Geneva-New 14 $274,900-$649,900

             Closed-17 $250,000-$875,000

Montgomery-New 11 $180,000-$299,750

                      Closed-12 $187,000-$300,000

Naperville-New 66 $259,900-$1,975,000

                 Closed-61 $269,000-$1,825,000

North Aurora-New 5 $189,000-$525,000

                       Closed-10 $187,000-$395,000

Oswego-New 16 $219,000-$2,200,000

              Closed-22 $225,000-$456,000

Plainfield-New 35 $124,900-$729,675

                Closed-50 $165,000-$485,000

St Charles/Campton Hills-

                New 20 $299,900-$1,000,000

                Closed-26 $166,500-$1,232,628

Sycamore-New 3 $242,500-$549,900

                 Closed-10 $181,500-$425,000

West Chicago-New 10 $160,000-$499,000

                      Closed-10 $200,000-$620,000

Yorkville-New 10 $224,900-$460,000

              Closed-12 $223,500-$462,500

Contracts accepted this week

Market update Fox Valley week 27-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week were very consistent with the week before.  390 this last week compared to 383 the week before.  A difference of 7.  That is consistent!  Your home could be next.  We need to get it on the market.

Look at the communities that sellers accepted the most contracts:

Aurora-52                                     Batavia-15

Bolingbrook-20                             Geneva-19

Montgomery-11                            Naperville-69

Oswego-20                                   Plainfield-56

St Charles/Campton Hills-29        Sycamore-10

West Chicago-12                           Yorkville-19

2 short sales were accepted by sellers this week.  1 each in Warrenville and 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.  14 with a kick-out clause of 72 hours, 20 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.  3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update 2020 by the month

Month                      New        Closed     Contracts accepted

January                1,105           566              858

February              1,267           529           1,024

March                  1,186           707           1,079

April                       648           786               775

May                     1,352       1,010            1,444

June                    1,232           908            1,534

July                        278           368                390

Totals                  7,068        4,874             7,104

Check back with us every Saturday.  The end of the month we will compare this year to 2019 and 2018 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.

Thinking about selling this year?  Now is the best time.  Buyers are waiting for homes to come on the market to see.  Inventory is extremely low.  Let us update the value of your home for today’s market.  We will provide you with a net proceeds that shows you the expenses to sell and an estimate of what you will walk away with.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to contact a loan officer to get pre-qualified.  If you need recommendations let us know.  They will let you know what type of loan and the price range that will work out best for you.  Provide you with a letter that needs to go with an offer when you find the right home.

Check out some great resources:

Market update Fox Valley week 27.  Have a great week.  Happy 4th of July!  Have fun and stay safe and healthy.

Market update Fox Valley week 27Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley May 23 2020

Market update Fox Valley May 23 2020
Single Family Homes

Market update Fox Valley May 23 2020.  New listings of single family homes this week were almost identical to the week before  281 this week compared to 280 last week.  We are still short on inventory though.  We need more homes for the amount of buyers out there wanting to buy.

Closed listings this week were up just under 7%.  190 this week compared to 178 the week before.  We are getting close to the end of the month so they are increasing.  Most buyers want to close at the end of the month so they can bring less money to closing.

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

Aurora-New 31 $98,000-$724,900

            Closed-19 $151,500-$553,000

Bolingbrook-New 14 $204,900-$529,900

                     Closed-17 $125,400-$362,500

Montgomery-New 8 $189,000-$325,000

                     Closed-10 $125,000-$270,000

Naperville-New 54 $264,900-$1,200,000

                 Closed-32 $225,000-$800,000

Oswego-New 16 $115,000-$435,900

              Closed-16 $155,000-$420,000

Plainfield-New 37 $210,000-$589,900

                Closed-17 $224,000-$1,035,000

Plainfield-New 15 $125,000-$429,900

                Closed-2 $84,000-$138,000

St Charles/Campton Hills-

                New 25 $234,900-$825,000

                Closed-18 $159,000-$1,150,000

Yorkville-New 8 $249,900-$1,249,000

              Closed-10 $210,000-$345,000

Contracts accepted this week

Market update Fox Valley May 23 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week are up 19.85%.  320 this week compared to 267 the week before.  This is a great time to sell!  The pandemic slowed down the market in April but this month it is going strong.  We need more listings of homes.  There is not enough out there to show the demand of buyers,

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

Aurora-41                                 Batavia-14

Bolingbrook-23                        Geneva-10

Montgomery-12                       Naperville-59

Oswego-19                               Plainfield-42

St Charles/Campton Hills-31   Sycamore-10

3 short sales were accepted by sellers this week.  1 each in Naperville, Plano and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  13 with a kick-out clause of 72 hours, 12 with 48 hours and 8 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

2020 by the month

MonthNew   Closed   Contracts accepted

January                       1,105      566             858

February                     1,267      529          1,024

March                         1,186      707          1,079

April                              648      786              775

May                           1,102      798           1,124

Totals                         5,308   3,386           4,860

Next Saturday I will compare to the last couple of years since we will be at the end of the month.  So check back with us to see how we compare.

Contact us

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

Right now the market is hot here in the Fox Valley.  It is a great time to sell.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about purchasing you will need to talk to 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 showing what you are pre-approved for.  This will go with an offer when you find the home you like.

Covid-19 and buying/selling a home

Covid-19 has changed the way we do things.  Things might start to open up next month but I think we will continue to do what we have been doing since the beginning of this.  We discourage in person meetings and showings.  Zoom video meetings is the way we go over paperwork and then we upload the documents to have you sign through docusign.  Some sellers are still allowing showings but if you do not feel comfortable letting people in your home we can do virtual showings.

Home inspectors are doing the inspection alone and then giving you the report and talking to you later.  You used to be able to follow along and they would show you different things like how to maintain the home.  Now they will send you a report with photos and explain everything to you.

Closings the seller will meet with their attorney and sign documents ahead of time.  Buyers will go to the title company to sign.  Some title companies even do curbside closings where they bring the documents out to your car to sign.

Even if we go to the next phase I think we will still keep these practices in place.  We follow the CDC guidelines.

Check out some great resources:

We are here to answer all your real estate questions.  Check back with us every Saturday for the market update.

Market update Fox Valley May 23 2020.  Have a great week!

Market update Fox Valley May 23 2020 Kristine

 

 Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley April 11 2020

Market update Fox Valley April 11 2020
Single Family Homes

Market update Fox Valley April 11 2020. New listings went down a little over 13% this week in the Fox Valley.  168 new single family home listings this week compared to 194 the week before.  This is not the normal direction for this time of year.  These are not normal times.  We will keep an eye on this and continue to report to you as time goes on. 

Closed listings were also down almost 27%.  This is the beginning of the month when the numbers are usually lower anyway.  We will see how things go getting towards the end of the month when most buyers want to close.

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

Aurora-New 20 $65,000-$415,000

            Closed-22 $95,000-$443,000

Bolingbrook-New 10 $174,900-$429,900

                     Closed-11 $143,000-$387,500

Geneva-New 7 $309,900-$635,000

             Closed-12 $108,000-$530,000

Naperville-New 34 $239,900-$2,079,000

                 Closed-37 $240,000-$890,000

Plainfield-New 26 $224,900-$599,000

                Closed-31 $159,000-$705,000

Plano-New 11 $144,900-$230,990

          Clsoed-1 $238,655

St Charles/Campton Hills-

           New-10 $175,000-$1,395,000

           Closed-13 $202,000-$825,000

Yorkville-New 4 $224,500-$305,000

              Closed-12 $141,000-$395,000

Contracts accepted this week

Market update Fox Valley April 11 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were very consistent.  176 single family homes accepted by sellers this week compared to 172 the week before.  Homes are still selling even during this pandemic.

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

Aurora-22                                     Bolingbrook-10

Naperville-33                                Plainfield-23

St Charles/Campton Hills-18        Yorkville-11

2 short sales were accepted by sellers this week. 1 each in Naperville and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

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

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 7 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                               362    426              348

At the end of the month I will compare it to the last couple of years so you can see the difference.

New process during the pandemic

The Governor has ordered a “stay-at-home” during this pandemic until April 30th.  We will let you know if this gets extended.  We are classified as “essential services” during this time.  It is not business as usual.  We are not allowed to do Open Houses during this time.  We are encouraging virtual showings also.  Some homes are still allowing showings.  It is a good time to drive by and see if the setting is something you would like and to look at photos to see if the home might fit your needs.  If after a virtual showing you think this might be the one we will try to set up a physical showing.

Home inspections are now done by the inspector and they will give you a report.  They will be the only ones going in.

Talk to your loan officer to see how they are having you start the loan process.  They will also update you on any changes in the market.

Some title companies are still having you come to closing and others are doing curbside closings.   They have the sellers sign documents ahead of time and only the buyer signs the day of closing.  We are not to be there.  Only the people that need to sign and attorneys are welcome.

We know that you might have a lot of questions during this time.  We would be happy to do a video meeting with you to go over everything and answer your questions whether you are wanting to sell a home or buy a home.  You can also call or email us.  We want to communicate with you the way it works out best for you.

Contact us

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

If you are wanting to sell a home let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in.

If you are wanting to buy a home you need to contact a loan officer to get pre-approved.  They will give you a letter showing what you qualify for and the type of loan that will work out best for you. This will go with an offer when you find the right home.

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

Check our some great resources:

Market update Fox Valley April 11 2020.  Happy Easter and a wonderful week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

 

 

 

Market update Fox Valley-February 22 2020

Market update Fox Valley-February 22 2020
Single Family Homes

Market update Fox Valley-February 22 2020.  New listings of single family homes increased just under 8% this week.  318 new listings this week compared to 295 the week before.  We are headed in the right direction.  Buyers it is time to get busy and closely look at the new listings that are coming up and see them right away.

Closed listings were slightly down this week.  111 this week compared to 117 the week before.  One more full week left to the month and I am not sure we will get to the numbers of closings that we had in January.  March will be much different.  There were 858 contracts accepted in January that most of them will be closing in March so we will see these numbers go way up.

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

Aurora-New 35 $114,500-$614,900

            Closed-9 $93,000-$470,000

Batavia-New 17 $207,500-$799,000

             Closed-5 $225,000-$827,500

Bolingbrook-New 21 $149,900-$409,000

                     Closed-9 $233,500-$425,000

Geneva-New 11 $345,000-$797,900

             Closed-9 $115,000-$372,000

Montgomery-New 12 $175,000-$359,020

                     Closed-7 $132,750-$282,500

Naperville-New 65 $300,000-$1,250,000

                Closed-21 $259,900-$1,250,000

Plainfield-New 46 $159,900-$649,000

               Closed-10 $222,000-$450,000

St Charles/Campton Hills-

               New-22 $249,900-$1,399,000

               Closed-8 $235,000-$550,000

Yorkville-New 17 $239,500-$725,000

              Closed-5 $220,000-$388,000

Contracts accepted this week

Market update Fox Valley-February 22 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were almost 16 1/2 % up this week.  276 single family homes accepted this week compared to 237 the week before.  Buyers are ready to go sellers!  It is time right now to get your home on the market.

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

Aurora-31                          Batavia-12

Bolingbrook-20                  Geneva-14

Minooka-10                        Montgomery-10

Naperville-37                      Oswego-11

Plainfield-45                       St Charles/Campton Hills-22

Sugar Grove-10                  Yorkville-14

5 short sales were accepted this week by sellers.  2 in Bolingbrook and 1 each in Minooka, Plainfield and Sycamore.  Now they will be submitted to the lender to see if they will also accept.

Sellers also accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 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.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

2020 by the month

Month                         New     Closed     Contracts accepted

January                     1105       566               858

February                     958        321               721

We have one more full week left in February.  We will pass up the January totals for New listings and Contracts accepted but I am not sure about closed listings.

Contact us

Call us at 630-503-6555 ext 101.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Now is the time to get busy getting your home market ready.  Spring market is here. Let us update the value of your home in today’s market.  We will provide you with a net proceeds that gives you an estimate of expenses to sell and shows you about how much you will have to invest in another home.  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 you will 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.  If you need recommendations we will provide you with a few to contact so you can decide who you would like to work with.

Check out some great resources:

Market update Fox Valley-February 22 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020
Single Family Homes

Market update Fox Valley February 8 2020.  New listings of single family homes are up 40.24%.  345 new listings this week compared to 246 the week before.  If you are still waiting for Spring market you might miss it.  It has already started!  Let’s get your home on the market.

Closed listings are down 25.6% this week.  93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

            Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

             Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

                    Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

            Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

             Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

                     Closed-0

Naperville-New 87 $249,900-$2,399,000

                 Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

              Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

                Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

                 Closed-15 $169,900-$670,000

Contracts accepted this week

Market update Fox Valley February 8 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up 7.69%.  224 contracts accepted on single family homes this week compared to 208 the week before.  I am expecting this to jump up next week with all the new listings that came on the market this week.  Buyers have a good amount of new choices.

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

Aurora-35                         Batavia-10

Bolingbrook-26                 Naperville-29

Oswego-15                        Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes.  2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 8 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 and 4 with 48 hours.  If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month                       New      Closed      Contracts accepted

January                  1105         566               858

February                   345           93               208

Fox Valley is off to a good start so far this year.  You will have to come back and check out as the year progresses.

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.

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

Thinking about buying a home this year?  You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you.  They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look.  We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

            

Market update Fox Valley February 1 2020

Market update Fox Valley February 1 2020
Single Family Homes

Market update Fox Valley February 1 2020.  New listings of single family homes this week were slightly down.  246 this week compared to 256 the week before.  Only 10 listings off.  That is not too bad.

Closed listing of single family homes was up this week.  125 this week compared to 107 the week before. Not too bad for January.  The weather has been mild both in December and January.  That really makes a difference.  We hope the mild winter will continue.

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

Aurora-New 30 $114,500-$499,500

            Closed-17 $65,000-$337,650

Batavia-New 12 $275,000-$735,000

             Closed-3 $265,000-$484,000

Bolingbrook-New 11 $194,900-$449,900

                    Closed-7 $212,800-$425,000

Geneva-New 10 $279,000-$595,000

             Closed-5 $227,000-$872,000

Montgomery-New 17 $194,500-$319,900

                     Closed-5 $142,999-$305,000

Naperville-New 44 $257,500-$3,300,000

                 Closed-16 $265,000-$730,000

Oswego-New 13 $170,000-$565,000

             Closed-5 $240,000-$325,000

Plainfield-New 38 $200,000-$895,600

                Closed-23 $201,000-$512,500

St Charles/Campton Hills-

               New 19 $339,000-$1,999,995

               Closed-7 $195,000-$550,000

Yorkville-New 7 $237,990-$500,000

              Closed-11 $165,000-$424,900

Contracts accepted this week

Market update Fox Valley February 1 2020-Contracts accepted this week
Single Family Homes

Contracts accepted by sellers this week were very consistent with last week.  208 this week compared to 210 the week before.   We love consistency!  We are looking to February to continue with this trend before we really start heating up with Spring market.  This really is a great time whether you are a buyer or seller to find a home or to sell one.  There is not as much competition right now as there will be starting in March.

Look at the communities that sellers accepted the most contracts:

Aurora-35                                 Bolingbrook-18

Naperville-31                            Plainfield-26

St Charles/Campton Hills-12    West Chicago-10

Yorkville-13

There were 6 short sales accepted this week on single family homes.  3 in Plainfield and 1 each in Aurora, Batavia and Bolingbrook.  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,4 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month                    New        Closed      Contracts accepted

January               1105           566                 858

Compare to 2019

January                 858           407                 608

We are ahead of last year for new, closed and contracts accepted.  For New listings we are ahead almost 28.8%, Closed up 39% and Contracts accepted we are up 41%.  Some people are saying we are already in Spring market. I think March we will be up even more.  Check back with us and see.

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 working on your home to get it ready for market let us know so we can give you an idea of the best things you need to work on.  We will update the value on your home in today’s market.  Provide you with a net proceeds so you have an idea of expenses to sell.  We will update this when an offer comes in so you can make a good decision.

Thinking about buying this year?  You need to call a loan officer to get pre-qualified to see what type of loan and what price range will work out best for you.  If you need recommendations we will be happy to provide you with a few to contact to see who you would like to work with.  Get your information together and keep it in a folder so it is easy to find just in case they ask you for it again later.

Check out some great resources:

Let us know what other information you are looking for.  We will point you in the right direction.

Market update Fox Valley February 1 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox  Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

       

Market update Fox Valley January 25 2020

Market update Fox Valley January 25 2020
Single Family Homes

Market update Fox Valley January 25 2020.  New listings increased slightly this week.  256 this week compared to 247 the week before.  We have had some snow but the temperatures have been fine so that is not a factor.

Closings this week were very consistent.  107 this week compared to 108 the week before.   Next week is the final week of the month so we will see if this increases.

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

Aurora-New 28 $99,900-$495,000

            Closed-14 $90,000-$305,000

Bolingbrook-New 14 $125,000-$429,000

                    Closed-9 $160,000-$423,700

Geneva-New 10 $239,900-$819,000

             Closed-7 $265,000-$450,000

Montgomery-New 13 $164,900-$336,900

                      Closed-7 $150,000-$337,305

Naperville-New 37 $320,000-$1,000,000

                 Closed-21 $315,000-$725,000

Oswego-New 11 $224,900-$540,000

             Closed-6 $150,000-$335,790

Plainfield-New 45 $204,900-$899,000

                Closed-9 $205,000-$500,000

St Charles/Campton Hills-

                New 20 $79,900-$750,000

                Closed-8 $86,000-$462,500

Yorkville-New 16 $169,500-$320,000

              Closed-4 $192,500-$538,000

Contracts accepted this week

Market update Fox Valley January 25 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week increased 20.7%.  This week 210 contracts were accepted and the week before there were 174.  Things are happening so don’t wait thinking this is a bad time to put your home on the market.  Get ahead of the big rush of Spring market when you will have a lot of competition.  If your home is ready for market now is the time!

Look at the communities that sellers accepted the most contracts:

Aurora-33                    Bolingbrook-18

Naperville-36               Oswego-12

Plainfield-29                St Charles/Campton Hills-18

Yorkville-11

St Charles and Campton Hills are combined on the MLS so that is why we always have them combined.

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

Sellers accepted contracts that are contingent on the buyers current home closing.  3 with a kick-out clause of 72 hours, 7 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 and also 2 with 48 hours.

2020 by the month

Month                       New      Closed      Contracts accepted

January                     859         441                650

Next week I will compare last year to this year in January to see the difference.  Just realize that some of the new listings are ones that have been on the market and expired or canceled and relisted so it is not a true figure.  The same with contracts accepted.  Some of them have had a contract accepted and for some reason they go back on the market and then receive another contract.  The only true figure is closed.  When you are trying to come up with a price to put your home on the market closed is the only one to use.

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 of putting your home on the market? Let us update the value of your home in the current market.  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.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified to see what type of loan and the price range that will work out best for you.  They will give you a letter showing what you qualify for and this will go with a offer when you find a home.  Sellers need to know this information to make a decision whether to work with your offer or not.

Check out some great resources:

School websites also give you a lot of good information.  Let us know if there is any other information that you are looking for.

Market update Fox Valley January 25 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 x 101

besthomesfv@gmail.com

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

Market Update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020.  Happy New Year to all of you!  I hope everyone’s new year is off to a great start.  The last couple of weeks we have had a holiday in the middle of the week so numbers have been off.  3 days of last year are on this weeks numbers.  Next week will be the first full week of the year.

New listings of single family homes this week more than doubled.  138 this week compared to 58 the week before.  Not only were buyers busy getting ready for Christmas the REALTORS®  were busy too getting ready for the holiday the week before.  That is the difference in the 2 holiday weeks.

Closed listings of single family homes this week were not too far.  This week 118 listings closed compared to 106 the week before.  These numbers will increase as we head to the end of the month and no more holidays to interfere with banks and title companies closed.

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

Aurora-New 15 $128,500-$430,000

            Closed-13 $160,000-$290,000

Bolingbrook-New 13 $150,000-$359,000

                     Closed-11 $182,100-$390,000

Naperville-New 27 $319,900-$1,197,000

                 Closed-17 $249,500-$623,800

Oswego-New 13 $199,900-$1,099,000

              Closed-7 $250,000-$368,000

Plainfield-New 15 $245,000-$400,000

                Closed-14 $167,000-$425,000

St Charles/Campton Hills-New 12 $140,000-$786,009

These are the communities that are consistently with higher numbers of new listings and closed homes.  Is it the schools, work, roads or what the communities have to offer?

Contracts accepted this week

Market Update Fox Valley 1-4-2020-Contracts accepted this week

Contracts accepted this week on single family homes was not too far off of the week before.  107 this week compared to 98 the week before.  I am looking forward to getting back to normal next week.  No more holidays for awhile.   

Are you wondering why I keep track of when contracts are accepted?  I like to keep track of all kinds of activity.  This lets me know that there are buyers out there ready to submit offers instead of just looking.  Sometimes they do not close but they are ready to go.  When it gets really active buyers do not have much time to think about what they want to do.  They have to make a decision faster.  Right now inventory is very low so even though numbers are down you still need to make a decision or move on and wait for more homes to come on the market.

Communities that sellers accepted the most contracts this week:

Aurora-15                          Naperville-19

Plainfield-14

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours and 1 with 48 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 72 hours and 5 with 48 hours.  Sellers still feel confident they will sell and close.

2020 by the month

Month                  New         Closed        Contracts accepted

January                138            118                   107

We are only 4 days into the new year.  3 of these days are from December of 2019.  Last year is the first year I kept track of the months for the year so it will interesting to compare this year to last as we go along. 

Activity happens year round.  A lot of it has to do with the amount of inventory of homes on the market.  Some months are definitely busier than others. 

Now is a great time to have your home on the market so you don’t have so much competition as you do in the Spring market.  Location, price and condition are the 3 factors that matter to get a home sold.  If it is priced right for the location and condition it will sell.

Contact us

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

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses to well.  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 contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you. We can make some recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley 1-4-2020.  Have a awesome week and start to the New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for a different way to search for a home.  You can change to satellite view and it also has a chat feature.  Let us know what you think or if you have any questions.