How many homes closed 2,000 square feet or more week 33

How many homes closed 2,000 square feet or more week 33-Cover

How many homes closed 2,000 square feet or more week 33. So many people are looking for more space.  Can they find it in the price range they are looking for?  We will get into that shortly.

New listings of single family homes were pretty consistent with the week before.  256 this week compared to 251 the week before.  We would love to see more, but consistency is good.

Closed single family homes this week were also, not far off of last week.  299 this week compared to 291 the week before.  Next week is the last full week of the month so they should increase.

How many homes closed 2,000 square feet or more week 33

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

Aurora-New 46 $145,000-$770,000

            Closed-62 $139,000-$595,000

Bolingbrook-New 16 $249,000-$899,000

                    Closed-23 $175,000-$511,000

Geneva-New 9 $268,900-$1,200,000

             Closed-12 $284,000-$766,337

Naperville-New 42 $250,000-$1,625,000

                 Closed-55 $350,000-$2,400,000

Oswego-New 16 $299,999-$449,990

              Closed-12 $211,000-$440,000

Plainfield-New 44 $224,900-$900,000

                Closed-34 $196,000-$555,000

St Charles-New 17 $209,900-$1,895,000

                  Closed-26 $175,000-$915,000

West Chicago-New 10 $295,000-$664,900

                       Closed-7 $239,000-$492,000

Financing, median list and closed price, 2,000 square feet or more closed this week

Median list price this week $355,000, last week $361,470.  Median closed price $359,900, last week $375,000.  These numbers go up and down each week, but they do not change drastically.

How many homes closed 2,000 square feet or more week 33- Stats 082121
Stats for August 21, 2021

Homes that closed using Conventional this week 218, last week 221.  Cash this week 24, last week 33.

How many homes closed 2,000 square feet or more week 33-Conventional and cash
Conventional and Cash

Closed homes using FHA financing this week 47, last week 26.  VA this week 10, last week 9.

How many homes closed 2,000 square feet or more week 33-FHA and VA
FHA and VA financing

Seller’s are still choosing Conventional financing over anything else.  I am encouraged to see FHA numbers going up.  Some buyer’s that have to go FHA have given up.  They are tired of losing out to buyer’s using Conventional financing with multiple offer situations.

Out of 299 homes that closed this week 191 of them were 2,000 square feet or more.  Median list price is $425,000, closed price is $420,000.  Minimum list price $220,000, closed price $242,000.  So many people are looking for more space since the pandemic.  This gives you an idea of what price that will cost you.  If you are below this price it will be hard to find.  You might need to adjust the criteria for the home you are looking for.

How many homes closed 2,000 square feet or more week 33-2000 sf 082121
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week on single family home were consistent.  300 this week compared to 303 the week before.  The market is staying steady.  There might not be as many offers with multiple offer situations, but buyer’s are still out there looking.

Home many homes closed 2,00 square feet or more week 33-contracts accepted this week

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

Aurora-51                          Batavia-10

Bolingbrook-24                  Montgomery-13

Naperville-33                    Oswego-10

Plainfield-37                     St Charles-26

Sycamore-10                     West Chicago-11

Winfield-14                       Yorkville-11

There were no short sales accepted by seller’s this week.  Most people that are in a bind, and need to sell do not have to go through the short sale process with the prices that have increased.

Seller’s 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 3 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, 8 with 48 hours and 2 with 24 hours.

There was 1 that did not have a kick-out clause that they marked.  So we don’t know about that one.

2021 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                     1450           1686                  1671

July                       1118           1182                   1210

August                   887            930                    884

Totals                  7646          8304                  9503

We started out the year with closings from 2020.  They received a contract in 2020 but did not close until 2021.  That is why the closed column is more than the new listings.  You can see it has been a really tight market.  Normally you would see more new listings than closings.

It still remains a seller’s market.  There might be fewer offers with multiple offer situations, but there are still a lot of buyer’s out there ready to go.

There has been an extreme shortage of housing across the country.  Some new homes have been built in our area that have helped.

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 your home.  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.

Are you thinking about buying a home?  You need to get ready first by contacting a loan officer and getting them all your financial information.  You need to get pre approved with this market.  Just calling and talking to a loan officer to get pre-qualified is not enough anymore.  You need to show the seller’s that you have taken this extra step.

Resources:

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

All data used is from our MLS that we use MRED, LLC.

How many homes closed 2,000 square feet or more week 33.  Have a great week!

How many homes closed 2,000 square feet or more week 33-Kristine Heiman Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, Il 60538

630-503-6555 ext 101

How many FHA deals closed in week 31

How many FHA deals closed in week 31-Cover

How many FHA deals closed in week 31?  Some are getting accepted. Not as many as other types of loans.  We will go into more detail in a little bit.

First we will start out with new and closed listings this week and what communities are seeing the most activity.

New listings of single family homes was pretty consistent.  264 this week compared to 265 the week before.  That is pretty consistent!

Closing listings of single family homes was down.  340 this week compared to 365 the week before.  This is still pretty good for the first full week of the month.  Usually it drops down.  Most buyer’s want to close at the end of the month

How many FHA deals closed in week 31

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

Aurora-New 52 $118,000-$479,000

            Closed-45 $90,000-$655,000

Batavia-New 15 $185,000-$939,900

            Closed-10 $255,000-$760,000

Bolingbrook-New 15 $179,900-$515,000

                   Closed-27 $225,000-$555,000

Montgomery-New 11 $190,000-$349,900

                     Closed-17 $185,000-$340,000

Naperville-New 29 $280,000-$1,550,000

                 Closed-73 $282,000-$2,125,000

North Aurora-New 5 $249,900-$424,990

                       Closed-13 $270,000-$493,000

Oswego-New 15 $289,000-$719,900

             Closed-14 $241,000-$623,455

Plainfield-New 36 $174,900-$551,106

                Closed-42 $230,000-$565,000

St Charles-New 18 $159,900-$820,000

                  Closed-23 $150,000-$990,000

West Chicago-New 13 $189,900-$575,000

                      Closed-7 $305,000-$640,000

Yorkville-New 12 $199,900-$739,900

               Closed-14 $230,000-$420,000

Financing and median list and closed price

So many buyer’s out there are having a hard time getting their FHA offers accepted.  Some are getting through.  We will show you how many Conventional, Cash, FHA and VA deals closed.   We will start out showing you the median list and closed price.

The median list price this week is $350,000, and last week it was $373,700.

Closed median price this week is $365,000, and last week it was $390,000.

The median list and closed prices have been fluctuating up and down each week, but have stayed in the same range.

How many FHA deals closed in week 31-Stats 080721
Median List and Closed Price

Conventional deals closed this week 248, and last week 281.

Cash deals closed this week 39, and last week 38.

Conventional was down, but cash stayed consistent.

How many FHA deals closed in week 31-Conv and Cash 080721
Conventional and Cash

FHA deals closed this week 41, and last week 38.

VA deals closed this week 12, and last week 8.

FHA was up slightly, and VA  was slightly down.  A lot of first-time buyer’s are going with FHA financing, and they are having a hard time especially with multiple offer situations.  Hopefully they will get a break soon.

How many FHA deals closed in week 31-FHA and VA 080721
FHA and VA

 

Contracts accepted this week

Contracts accepted this week were down.  281 this week compared to 297 the week before.  We don’t know what type of financing was chosen until they close.

How many FHa deals closed in week 31-Contracts accepted this week

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

Aurora-45                                Bolingbrook-19

Montgomery-14                        Naperville-35

Oswego-14                               Plainfield-51

St Charles-14                          Sycamore-10

West Chicago-10                     Yorkville-13

1 short sale was accepted buy a seller in St Charles.  It will now be submitted to the lender to see if they will also accept.  With the prices increasing not too many people have to sell for less than what they owe.  This is a great time, if you are in a bind, to sell.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 8 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

2021 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                      1450           1686                 1671

July                       1118            1182                 1210

August                   264             340                   281

Totals                  7023           7714                 8900

The numbers are so tight.  We started out the year with more closed then new listings, but normally the new listings would have a bigger gap between them and closed.  The contracts accepted is higher, because some homes that get a contract accepted come back on the market because of home inspection or attorney review issues.  Some appraisals are coming in lower than the contract price and it can’t go through without seller dropping price or buyer coming in with the difference in cash.

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 still a seller’s market so if you are thinking about selling, request a home valuation.  We will let you know what it is worth in today’s market.  Provide you with a net proceeds that shows you the expenses to sell so you can see what you have to work with.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  You need to get in touch with a loan officer to get pre approved.  Get them all our financial information so they can get you through the pre approval process.  Just getting a pre-qualification is just not good enough anymore with most homes having multiple offers.  You need to be ready to go look as soon as a home hits the market and ready to write an offer.  They go fast.

Resources:

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

If you need recommendations for loan officers, real estate attorney and home inspectors we can provide you with a few so you can  decide who you want to work with.

How many FHA deals closed in week 31.  Have a great week!

How many FHA deals closed in week 31-Kristine Heiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

 

 

 

 

 

What financing was the most common for week 30

What financing was the most common for week 30-Cover

What financing was the most common for week 30?  We will fill you in on that shortly.  First we will look at how many new listings of single family homes in the Fox Valley area of Illinois.  New listings were down.  265 this week compared to 289 the week before.

Closed listings of single family homes were up.  365 this week compared to 306 the week before.  A great ending to the month of July.

What financing was the most common for week 30-New an Closed
New and Closed listings

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

Aurora-New 40 $160,000-$770,000

            Closed-49 $100,000-$725,000

Batavia-New 11 $265,000-$775,000

            Closed-8 $265,000-$700,000

Bolingbrook-New 22 $195,900-$498,900

                    Closed-23 $200,000-$535,000

Geneva-New 15 $240,000-$695,000

            Closed-17 $324,000-$861,606

Montgomery-New 6 $220,000-$345,000

                     Closed-14 $200,000-$390,000

Naperville-New 38 $224,900-$1,500,000

                 Closed-67 $290,000-$1,335,000

Oswego-New 11 $215,000-$699,500

              Closed-15 $232,000-$540,000

Plainfield-New 37 $214,900-$675,000

                Closed-46 $188,000-$680,000

St Charles-New 18 $185,000-$2,350,000

                  Closed-39 $195,000-$1,845,000

Yorkville-New 9 $39,900-$590,000

               Closed-13 $243,000-$577,000

If you are looking to buy and did not see the price range you are looking for in these communities click on the picture to see the other communities and see if you find your price range there.

As you can see from the communities listed that only one community had more new listings than closed.  That was Batavia.  It will continue to be a seller’s market until this tips the other way.

What financing was the most common for week 30?

It makes a big difference in what financing you choose to go with.  Of course cash is king if the price is right, but not everyone has that opportunity.

What financing was the most common for week 30-Conv cash 073121
Conventional and Cash

Conventional financing this week 281 last week 238.

Cash this week 38 last week 27

What financing was the most common for week 30-FHA VA 073121
FHA and VA

FHA this week 38 last week 36

VA this week 8 last week 5

So many people are using Conventional financing, because that is what the seller’s are choosing when they have multiple offers.  FHA and VA are harder to get accepted even if you are not asking for help with closing costs.

It has been hard for buyers that need to use FHA financing.

Median list price this week $373,700 last week $360,000.

Median closed price this week $390,000 last week $379,000.

What financing was the most common for week 30-Stats 073121

As prices increase more buyers are left out of the market.  It is wonderful for seller’s.

Contracts accepted this week

Contracts accepted this week were down.  297 this week compared to 322 the week before.

What financing was the most common for week 30-Contracts accepted this week

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

Aurora-42                        Bolingbrook-25

Geneva-19                        Montgomery-12

Naperville-41                   Oswego-17

Plainfield-34                    St Charles-27

West Chicago-10              Yorkville-10

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Also, 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, 3 with 48 hours and 2 with 24 hours.

2021 real estate market update so far this year 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

June                1450         1686              1671

July                  1118         1182               1210

Totals             6759         8191               8619

2020

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

Totals            8207          5959              8566

2019

January           878            407                568

February        1032            463                832

March             1731            915               1375

April               1594           792               1307

May                1645           995               1280

June               1643         1253                1218

July                1423         1008                1090

Totals            9946         5833               7670

So many more homes were closed this year than the previous 2 years.  New listings steadily declined from 2019 until this year.  Inventory of homes were low in 2019, but look where they are this year.  This is why the prices have increased so much.

Communities need to increase housing either with new construction or repurposing commercial property to help increase inventory so buyers have a chance.

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 your home.  We will let you know what your home is worth in today’s market. A net proceeds, showing you the expenses to sell, will be provided so you can see where you are at.  When an offer comes in this will be updated when we know all the terms so you can make a good decision.

Thinking about buying a home?  You need to contact a loan officer and get them all your financial documents so they can get you pre approved.  You need to take this extra step, because seller’s want to see that your information has been submitted to an underwriter, and that you have been checked out.

Resources:

We will guide you through the process. 

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

What financing was most common for week 30 was conventional.  It will continue to be until this market changes and we start getting more homes on the market.

All data was obtained by connect MLS MRED, LLC.

Have a great week!  Let us know how we can help you.

What financing was the most common for week 30-Kristine Heiman, Designated Managing BrokerKristine Heiman, SRS, SFR, AHWD

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 28

2021 Real Estate market update week 28 Cover

2021 real estate market update week 28.  Welcome back!  We are here to give you as much information as we can about the market here in the Fox Valley area of Illinois.

New listings of single family homes were down.  277 this week compared to 287 the week before.  Any decrease, even if it is small, is not good.  There just is not enough homes on the market.

Closed listings of single family homes were way up.  305 this week compared to 206 the week before.  As we head into the end of the month they should increase.

2021 Real Estate Market Update Week 28

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

Aurora-New 40 $142,000-$739,000

            Closed-49 $165,000-$615,000

Batavia-New 7 $274,900-$524,900

             Closed-10 $335,000-$960,000

Bolingbrook-New 26 $175,000-$499,900

                    Closed-19 $205,250-$774,900

Geneva-New 8 $249,900-$763,000

             Closed-16 $195,000-$860,000

Montgomery-New 6 $165,000-$292,500

                     Closed-14 $167,350-$361,000

Naperville-New 47 $278,000-$1,990,000

                 Closed-46 $240,000-$1,400,000

North Aurora-New 2 $199,900-$339,900

                      Closed-10 $291,000-$462,000

Oswego-New 15 $300,000-$525,000

              Closed-14 $177,000-$610,000

Plainfield-New 38 $225,000-$1,000,000

                Closed-40 $250,000-$640,000

St Charles-New 20 $279,990-$1,395,000

                  Closed-19 $185,000-$696,000

Sycamore-New 11 $259,900-$549,900

                  Closed-12 $140,000-$615,000

Yorkville-New 15 $267,500-$449,000

               Closed-7 $285,000-$430,000

To see the other communities click on the photo above to enlarge.  You might need to look in communities around where you would like to live to find something.  If you are looking by school district or a certain subdivision we can set you up to receive listings in those areas.  Just let us know what you are looking for.

Median price and type of financing 

Single family homes median list price this week was $359,900, and last week it was $379,900

Median closed price of single family homes this week was $355,000, and last week it was $370,000.

2021 Real Estate Market Update Week 28-Stats 071721

Financing of single family homes that closed this week:

Conventional-232

Cash-28

FHA-39

VA-6

Financing of single family homes the week before:

Conventional-153

Cash-25

FHA-26

VA-4

I decided to add this so you can see what type of financing most buyer’s are using right now to get their offer accepted.

2021 Real Estate Market Update Week 28-Conventional and Cash
Conventional and Cash
2021 Real Estate Market Update Week 28-FHA and VA
FHA and VA

Contracts accepted this week

Contracts accepted this week on single family homes were up.  321 this week compared to 270 the week before.

2021 Real Estate Market Update Week 28-Contracts accepted this week 

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

Aurora-61                                 Bolingbrook-23

Geneva-10                               Montgomery-13

Naperville-57                           Plainfield-40

St Charles-27

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours, 8 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 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

2021 real estate market 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                           1450         1686               1671

July                              564            511                 591

Totals                         6205          6703               8000

You can see on the contracts accepted column, that contracts have been accepted more than once on a home.  Sometimes because of inspection issues, appraisal issues or loan did not get approved.

Closed is the most important column. These are actual numbers.  At the end of each month I will compare to 2020 and 2019 so you can get a better idea of how this year is going.

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.

Thinking about selling in this wonderful seller’s market?  Request a home valuation and tell us a little bit about your home.  What updates have you completed.  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.

Are you wanting to buy a home?  You need to get pre approved with a loan officer first.  Get them all your financial information.  You have to be ready to go or you will lose out.  You will be up against multiple offers.

Resources:

If there is still information that you are looking for just let us know, and we will point you in the direction to the information.

All data used here is from our MLS MRED  LLC.

2021 real estate market update week 28.  Have a great week!

2021 market update week 28-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AWHD

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 27

2021 Real Estate market update week 27 Cover

2021 real estate market update week 27. We are working on the second half of the year now and hope the inventory of homes will improve.

New listings of single family homes was up.  287 this week compared to 239 the week before.  Great news!  We will take any improvement we can get.

Closed listings of single family homes were down.  206 this week compared to 419 the week before.  That is to be expected for the beginning of the month.

2021 Real Estate Market Update Week 27

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

Aurora-New 46 $194,900-$585,000

            Closed-40 $155,000-$900,000

Bolingbrook-New 10 $198,000-$479,000

                    Closed-16 $215,000-$450,000

Elburn-New 11 $162,000-$699,000

            Closed-2 $307,000-$370,000

Geneva-New 9 $252,900-$882,592

              Closed-19 $261,000-$962,152

Naperville-New 63 $299,900-$2,095,000

                 Closed-37 $320,000-$1,209,000

Oswego-New 13 $249,900-$525,000

              Closed-12 $258,000-$485,000

Plainfield-New 34 $220,000-$1,399,000

                Closed-15 $250,000-$596,388

St Charles-New 29 $199,900-$1,449,000

                  Closed-11 $275,000-$900,000

Yorkville-New 11 $219,900-$1,100,000

               Closed-7 $240,000-$565,500

Median price and financing this week

Median list price of single family homes this week was 379,900.  Last week it was $369,504.

Median closed price of single family homes this week was $370,000 same as the week before.

2021 Real Estate Market Update Week 27-Stats 071021

I thought I would add financing this week so you can see what is happening.  I did this a little later this morning than my first download so we have 2 more than what is listed above.

2021 Real Estate Market Update Week 27-Conventional and Cash

The one on the left is Conventional financing.  There were 153 with $379,900 the median closed price.

The one on the right is Cash.  There were 25 with $412,500 the median closed price.

2021 Real Estate Market Update Week 27-FHA and VA

The one on the left is FHA financing.  There were 26 with $291,500 the median closed price.

The one on the right is VA financing.  There were 4 with $417,950 the median closed price.

It is important to see the breakdown of what happening right now.  I will continue to list this so you can see if things start to change.

Contracts accepted this week

Contracts accepted this week were down.  270 this week compared to 325 the week before.  Last week new listings were down so that makes sense.

2021 Real Estate Market Update Week 27-Contracts accepted this week

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

Aurora-46                                   Bolingbrook-21

Montgomery-13                          Naperville-45

Oswego-13                                 Plainfield-39

St Charles-25

No short sales were accepted by seller’s this week.  With the prices going up, even if they need to sell because of not working, most likely they can sell without having to go that route.

Sellers accepted contracts that are contingent on the buyer’s closing on their current home.  9 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’s selling and closing on their current home. 2 with a kick-out clause of 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                    1088         1228               1289

June                   1450         1686               1671

July                      287           206                 270

Totals                 5928         6398                7679

Closed is the most important column to look at.  We started ahead at the beginning of the year with inventory left over from the previous year.  Not all of the contracts accepted will end up closing.  Sometimes they come back on the market after home inspection/attorney review period of after the appraisal comes in.   Prices have increased, and the appraisals don’t always match, so if they can’t come to an agreement the home goes back on the market.

It continues to be a seller’s market.

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?  Request a home valuation and let us know a little bit about your home and what you have updated.  We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell.  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 have to call a loan officer and get them all your financial information so they can get you pre approved.  Pre qualify will not do in today’s market.  You will probably be up against other offers when you do find a home so you want to let the seller’s know that you did this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors just let us know and we will recommend a few for you to choose from.

2021 real estate market update week 27.  Have a great week!

2021 market update week 27-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

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 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