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.

 

12-28-19 Market Update Fox Valley

12 28 19 Market Update Fox Valley

12-28-19 market update Fox Valley.  We had a holiday right in the middle of the week so numbers are way off this week.  New listings of single family homes were about half of what they were.  58 this week compared to 129 the week before.  Next week we have New Year’s Eve and New Year’s Day in the middle of the week again so we will start off the New Year the same way. Also the last 3 days of this year will be included next week because we go Saturday to Saturday.

Closed listings were also about half of what they were.  106 this week compared to 208 the week before.  It would be tough to do the holiday and move at the same time.

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

Aurora-New 7 $80,000-$260,000

            Closed-15 $79,500-$305,000

Naperville-New 9 $285,000-$669,000

                 Closed-16 $310,000-$970,000

Plainfield-New 10 $229,000-$525,500

                Closed-13 $185,000-$377,130

Contracts accepted this week

12 28 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were not too bad for a holiday week.  98 this week compared to 117 the week before.  Happy Buyers and Sellers that found a home or received a contract on their home.  What a great present!

Look at the communities with the most contracts accepted:

Aurora-14              Naperville-15           Plainfield-15

2 short sales accepted by Sellers this week. 1 each in Elburn and Winfield.  Now they will be submitted to the lender to see if they will also accept as written.

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

Also Sellers accepted contracts that are contingent on the Buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours and 1 with 24 hours.  Both identical.  Out of 98 accepted only 6 contingent on a closing or sale and closing.  Sellers still have confidence that will happen.  Even in the slower months things are still happening for the ones that are priced right.

2019 by the month

Month                    New        Closed       Contract accepted

January                  878           407                    608

February             1,032           465                    832

March                1,731            915                1,375

April                  1,594            790                1,307

May                   2,004         1,391                1,665

June                  1,643         1,253                1,218

July                   1,423         1,029                1,090

August              1,585         1,403                1,211

September        1,164            765                   869

October            1,259            957                   959

November           679            727                    656

December           496            661                    497

Total              15.488      10,763              12,287

May was the biggest month for new listings this year.  August for closings and May for contracts accepted.  You can see when the new listings go up so does everything else.  The school year cycle is still the busiest.  Activity happens year round.  Some of the new listings get relisted and some of the contracts accepted come back on the market for various reasons and go contract accepted again.  Closed listings is the only  one that you can count on.

Contact us

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

Anytime of the year is the right time to sell if it is priced right.  You might want to beat the Spring rush so you don’t have so much competition to sell.

Calling a loan officer is your first step if you are thinking about buying in 2020.  You need to find out what type of loan will work out best for your situation and what price range will work out best for you.  They will give you letter stating what you qualify for that will go with an offer when you find the right home.  It will need to be updated if it is older than 30 days.

Check our some great resources:

Some lenders also offer special programs and assistance so also check with them.

12-28-19 market update Fox Valley.  Have a great week and have a Happy and safe New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

12 21 19 Market update Fox Valley

12 21 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

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

Communities with the most contracts accepted this week:

Aurora-21                Naperville-18

Plainfield-12

These communities are consistently  very active every week.

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours. 

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

2019 by the month

Month                 New         Closed         Contracts accepted

January                878           407                      608

February           1,032           465                      832

March               1,731           915                  1,375

April                 1,594           790                  1,307

May                  2,004        1,391                 1,665

June                 1,643        1,253                 1,218

July                  1,423        1,029                 1,090

August             1,585        1,403                 1,211

September       1,164           765                    869

October           1,259           957                    959

November          679           727                    656

December          438           532                    399

Total             15,430     10,634              12,189

Closed are the most important numbers. 

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

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 14 19 Market Update Fox Valley

12 14 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

Plainfield-New 13 $190.000-$398,735

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

St Charles/Campton Hills-

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-27                   Bolingbrook-17

Napervillle-26             Plainfield-19

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

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

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

2019 by the month

Month                New         Closed          Contracts accepted

January              878            407                    608

February         1,032            465                    832

March             1,731            915                1,375

April               1,594            790                1,307

May                2,004         1,391                1,665

June               1,643         1,253                1,218

July                1,423         1,029                1,090

August           1,585         1,403                1,211

September     1,164            765                   869

October         1,259            957                   959

November        679            727                    656

December        309            524                    282

Total           15,301      10,426              12,072

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 7 19 Market Update Fox Valley

12 7 19 Market Update Fox Valley

 

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

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

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

Aurora-24              Bolingbrook-12

Naperville-17         Plainfield-17

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

There were 3 short sales accepted this week.  2 in Bolingbrook and 1 in Plainfield.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

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

2019 by the month 

Month               New        Closed        Contracts accepted

January             878           407                 608

February        1,032           465                 832

March            1,731           915              1,375

April              1,594           790              1,307

May               2,004        1,391             1,665

June              1,643         1,253            1,218

July               1,423         1,029            1,090

August          1,585         1,403            1,211

September    1,164            765                869

October        1,259            957                959

November       679             727                656

December       173             142                127

Totals        15,165        10,244          11,917

Contact Us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal whether buying/selling a home.  Our office is very convenient just next door to the Village hall of Montgomery.

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

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

We can also recommend real estate attorneys and home inspectors.

Check out some great resources:

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

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

 


 

 

 

 

11 30 19 Market Update Fox Valley

11 30 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

                New $254,900-$675,000

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

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

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

Contracts accepted this week

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

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

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

Aurora-15                 Naperville-23

Plainfield-20             St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

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

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

2019 by the month of activity

Month              New            Closed        Contracts accepted

January             878              407                     608

February        1,032              465                     832

March            1,731              915                  1,375

April              1,594              790                  1,307

May               2,004           1,391                 1,665

June              1,643           1,253                  1,218

July               1,423           1,029                  1,090

August          1,585           1,403                  1,211

September    1,164              765                     869

October        1,259              957                     959

November       679              727                      656

Total           14,992        10,102                11,790

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

Contact us

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

Resources to check out:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 x101

besthomesfv@gmail.com

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

 

                                         

11 23 19 Market Update Fox Valley

11 23 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

               Closed-27 $165,000-$458.000

St Charles/Campton Hills-

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-16        Batavia-10      Bolingbrook-14

Naperville-37   Oswego-10     Plainfield-20

St Charles/Campton Hills-10   West Chicago-11

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

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

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

2019 activity by the month

Month              New         Closed         Contracts accepted

January            878            407                      608

February       1,032            465                      832

March           1,731            915                   1,375

April             1,594            790                   1,307

May              2,004         1,391                  1,665

June             1,643         1,253                  1,218

July              1,423         1,029                  1,090

August         1,585         1,403                  1,211

September   1,164            765                     869

October       1,259            957                     959

November      579            573                     523

Total         14,892        9,948                11,657

Contact us

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

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

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

Check out some great resources:

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

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

11 9 2019 Market Update Fox Valley

11 9 2019 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-  

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

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

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

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

Contracts accepted this week

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

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

Look at the communities that sellers accepted the most contracts:

Aurora-26           Bolingbrook-11         Naperville-33

Oswego-10         Plainfield-20

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

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

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

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

Month              New         Closed           Contracts accepted

January              878          407                      608

February         1,032          465                      832

March             1,731          915                  1,375

April               1,594          790                  1,307

May                2,004       1,391                 1,665

June               1,643       1,253                  1,218

July                1,423       1,029                  1,090

August           1,585       1,403                  1,211

September     1,164          765                     869

October         1,259          957                     959

November        220           176                    168

Total           14,533        9,551              11,302

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

11 2 2019-Market Update Fox Valley

11 2 2019-Market Update Fox Valley

11 2 2019-Market update Fox Valley.  New listings of single family homes were very consistent this week.  218 this week compared to 216 the week before.  How about that for consistency!  things are still happening so don’t be afraid to put your home on the market.

Closed listings of single family homes were way up.  219 this week compared to 171 the week before.  End of the month is always a busy time for closings.  That is when most buyers want to close.

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

Aurora-New 28 $75,000-$479,900

            Closed-30 $102,000-$383,500

Bolingbrook-New 14 $130,000-$400,000

                     Closed-26 $96,500-$382,000

Geneva-New 10 $324,900-$749,900

             Closed-3 $348,000-$465,000

Montgomery-New 8 $176,900-$319,660

                     Closed-13 $135,000-$320,500

Naperville-New 30 $314,900-$1,299,000

                 Closed-30 $278,000-$1,750,000

Oswego-New 18 $200,000-$549,500

             Closed-9 $215,000-$510,000

Plainfield-New 34 $233,000-$700,000

                Closed-22 $142,144-$445,000

St Charles/Campton Hills-

               New-21 $189,800-$983,000

               Closed-10 $110,500-$835,000

West Chicago-New 2 $224,900-$359,108

                      Closed-10 $100,000-$430,000

Yorkville-New 11 $149,900-$374,900

              Closed-11 $165,000-$385,000

Contracts accepted this week

11 2 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were down slightly.  183 this week compared to 196 the week before.  We did get some early winter weather this week and Thursday was Halloween.

Here are the communities that sellers accepted the most contracts this week:

Aurora-35      Bolingbrook-15     Naperville-20

Plainfield-21     St Charles/Campton Hills-14

Yorkville-11

3 Shorts sales were accepted this week by sellers.  1 each in Aurora, Bolingbrook and West Chicago.  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.  7 with a kick-out clause of 72 hours and 10 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 4 with 48 hours.

Keeping tract of contracts accepted is important to keep a eye on how many buyers are still out there willing to write an offer and to also decide if you need to adjust pricing.

2019 look at activity by the month

Month             New             Closed         Contracts accepted

January            878               407                 608

February       1,032               465                 832

March           1,731               915              1,375

April             1,594               790              1,307

May              2,004            1,391             1,665

June             1,643            1,253              1,218

July              1,423            1,029              1,090

August         1,585             1,403             1,211

September   1,164                765                869

October       1,259                957                959 

Total          14,313            9,375           11,134

Not all contracts accepted end up closing.  Some of those have gone back on the market and then another contract was accepted.  This is the critical time that it is very important to have a good REALTOR® and real estate attorney that will guide the buyer through expectations of a home inspection and negotiate repairs and attorney review.

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 goals.

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

If you are looking to buy a home you will need to talk to a loan officer first and get pre-qualified to make sure what type of loan and what price range works out best for you.

Take a look at some great resources:

11 2 2019-Market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for another way to search for a home.  You can change to satellite view and it also has a chat feature to interact with me without leaving the app.

10 26 2019 Market Update Fox Valley

10 26 2019-Market Update Fox Valley

10 26 2019 market update Fox Valley.  New listings of single family homes were significantly down this week.  216 this week compared to 259 the week before.  Not helpful for buyers that are still out looking.  It is still worth taking a look to see if one of them are the kind of home you have been waiting for.

Closed single family homes were slightly up this week.  171 this week compared to 167 the week before.  They should be up next week for the end of the month.

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

Aurora-New 29 $114,900-$379,900

            Closed-22 $103,500-$635,000

Bolingbrook-New 12 $174,500-$429,900

                    Closed-12 $148,000-$370,000

Montgomery-New 12 $174,900-$299,000

                     Closed-9 $130,000-$300,000

Naperville-New 41 $219,900-$1,542,000

                 Closed-26 $260,000-$1,812,500

Oswego-New 6 $199,900-$475,000

             Closed-15 $140,000-$375,000

Plainfield-New 33 $179,000-$729,900

               Closed-26 $154,900-$560,000

St Charles/Campton Hills-

               New-12 $364,900-$600,000

              Closed-13 $192,000-$525,000

Yorkville-New 10 $139,900-$479,900

              Closed-9 $160,000-$410,000

Contracts accepted this week

10 26 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes were very consistent this week.  196 this week compared to 193 the week before.  Even though the new listings of single family homes slowed down this week, the buyers out there ready to buy stayed consistent.  They did not slow down this week.

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

Aurora-37             Bolingbrook-13

Naperville-36        Oswego-10

Plainfield-25         St Charles/Campton Hills-15

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours, 13 with 48 hours and 1 with 24 hours.

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

Market update Fox Valley by the month for 2019

Month             New       Closed       Contract accepted

January           878          407          608

February      1,032          465          832

March         1,731           915       1,375

April           1,594           790       1,307

May            2,004        1,391       1,665

June           1,643        1,253       1,218

July            1,423        1,029       1,090

August       1,585        1,403       1,211

September 1,164           765          869

October     1,041           738          776

Total        14,095        9,156    10,951

Not all homes that are listed sell.  They might need too much work and are not priced right.  Also, not all contracts that the seller accepts close.  Some of them do not get passed home inspection and attorney review period.  You need a good REALTOR® and real estate attorney that explains the process of the home inspection and expectations and can negotiate issues that come up.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Our goal is your goal.  We will do everything we can to meet your goals.

We can update your homes value in today’s market and provide you with a net proceeds. This shows you an estimate of the expenses to sell so you have an idea of where you are at.  This will be updated when an offer comes in and we know all the terms so you can makea decision.

If you are thinking about purchasing a home you need to talk to a loan officer to get pre-qualified to see what type of loan and the price range that works out best for you.  When you are finished we can start setting up homes to go and see.

Resources to check out:

We are here to guide you through the process of buying/selling a home.  Let us know what questions you have.  We want to help you meet your goals.

10 26 2019 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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