Fox Valley home prices February 5 2022

Posted on February 5, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices February 5 2022

Fox valley home prices February 5 2022. The tight market continues. It is like a broken record. New listings this week 113, last week 112. Almost identical

Closed listings this week were up. 164 this week compared to 121 the previous week. They will increase as we get closer to the end of the month.

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

Aurora-New 12 $179,000-$483,600

Closed 40 $85,000-$569,500

Bolingbrook-New 11 $229,500-$635,000

Closed-14 $235,000-540,000

Naperville-New 20 $299,900-$2,200,000

Closed-22 $330,000-$1,780,000

Plainfield-New 14 $290,000-$969,000

Closed-24 $251,000-$695,000

St Charles-New 17 $175,000-$1,700,000

Closed-8 $213,000-$560,000

Financing used, median prices and 2,000 SF or more

Listings this week had a median price of $375,000, last week $329,900.

Closed homes had a median price of $344,000. last week $325,000.

Conventional financing was used to close 113 homes at median price of $381,000, last week 74 homes at median price of $344,000.

Conv 020522 — Conventional financing used this week

Cash was used to close 23 homes at a median price of $281,615, last week 18 at median price of $197,750.

Cash 020522 — Cash used for the week February 5 2022

FHA financing was used to close 22 homes at median price of $306,000, last week 18 homes at median price of $250,000.

FHA 020522 — FHA financing used the week of February 5 2022

VA financing was used to close 6 homes this week at a median price of $301,500, last week 11 at a median price of $387,000.

VA 020522 — VA financing used the week of February 5 2022

The pandemic has changed what people are looking for in a home. So many are now working from home and need more space for a home office or just have learned that they need more space. This week 98 homes closed that were 2,000 square feet or more at a median price of $426,000, last week 59 homes closed at a median price of $394,990. The minimum price of 2,000 square feet or more closed this week at a price of $85,000, last week $185,300.

Things change from day to day so you have to keep a close eye everyday for the right home to hit the market and be ready.

Contracts accepted this week

Contracts accepted this week were not too far off the week before. 170 this week compared to 178 the week before. That is pretty consistent.

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

Aurora-27 Bolingbrook-14

Geneva-10 Naperville-20

Oswego-14 Plainfield-20

St Charles-13 Yorkville-10

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

The median list price of a single family home this week that a contract was accepted was $349,900 and the average days on market 40 days, lat week it was $378,587 with average days on market 44 days.

Stats Contingent 020522 — Contingent Stats February 5 2022

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 113 164 170

Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at 2021 and 2020 so you can see how the market is doing this year compared to those 2 years.

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.

Get yourself in the best position by contacting a loan officer and getting them all your financial documents so they can get you pre approved and put you through the underwriting process so you are ready to go. When you find the home you like, you will not have to wait and possibly lose out on a home.

Request a home valuation if you are thinking about moving and selling your home. Tell us a little bit about your home and what has been updated recently. We will let you know what it is worth in today’s market. You will also be provided 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.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates ( ask your loan officer what rate they are offering. It depends on your credit score)

Down payment assistance

IHDA programs

Let us know what other information you are looking for so we can point you in the right direction.

All data used is form our MLS MRED, LLC.

Fox Valley home prices February 5 2022. Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 29 2022

Posted on January 29, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 29 2022

Fox Valley home prices January 29 2022. The market continues to be very tight. It is awesome for seller’s, but trying for buyer’s.

New listings of single family homes are pretty consistent with the week before. 112 this week compared to 110 the previous week.

Closed listings this week 121, last week 122.

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

Aurora-New 15 $170,000-$500,000

Closed-15 $125,550-$394,000

Bolingbrook-New 11 $225,000-$525,000

Closed-9 $215,000-$630,000

Naperville-New 15 $280,000-$2,239,000

Closed-14 $315,000-$775,000

Plainfield-New 13 $265,000-$665,990

Closed-13 $200,000-$523,797

Click on the photo above to see the activity in the other communities.

Financing used, median prices and 2,000 SF or more

The median list price this week $329,900, last week $369,995

Closed median price this week $325,000, last week $354,000

Conventional financing was used to close 74 homes with a median price of$344,000, last week 89 homes at median price of $374,900.

Conventional financing used January 29 2022

Cash was used to close 18 homes at median price of $197,750, last week 15 homes at median price of $295,000

FHA financing was used to close on 18 homes at median price of $250,000. last week 9 homes at median price of $320,710.

VA financing was used to close on 11 homes at median price of $387,000, last week 9 homes at median price of $300,500.

Homes that were at least 2,000 square feet or more closed on 59 at median price of $394,990, last week 71 homes at median price of $404,000.

Minimum price for 2,000 or more square feet this week closed at $$185,300, last week $280,000. What a difference a week makes!

This gives you an idea of pricing in the Fox Valley area, and what type of financing is mostly accepted by the seller at this time. Every seller is different, with different circumstances. It is best to find out what they are looking for to get your offer accepted.

Contracts accepted this week

Contracts accepted this week are slightly up. 178 this week compared to 163 the previous week.

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

Auroro-24 Naperville-22

Plainfield-22 St Charles-12

Winfield-10 Yorkville-15

1 short sale was accepted by a seller in Minooka this week. 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. 1 with a kick-out clause of 72 hours and 1 with 48 hours.

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

2022 by the month and a look back at 2021 and 2020.

2022

Month New Closed Contracts accepted

January 422 492 623

2021

January 543 649 829

2020

January 1105 566 858

Can you imagine if we had 1105 new listings this year? Our buyer’s would be in heaven!

Check back with us every Saturday for the real estate market update. At the end of each month we will look back at the previous 2 years so you have something to compare to.

You can see why prices are increasing the way they are with a market that is this tight with homes on the 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.

Request a home valuation to see what your home is worth in today’s market. You will be provided with a net proceeds that shows you the expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying patience is needed. Plan ahead of when you need to move. Get all your financial information together and get it to a loan officer to get pre approved. Without this step done you will lose out on a home by trying to do it when you find one. Keep updating it every 30 days to make sure it is current.

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer for the current rates they are offering with your credit score. They will help you if you need to improve it.

All data used is from our MLS system MRED, LLC.

Fox Valley home prices January 29 2022. Have an amazing week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 22 2022

Posted on January 22, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 22 2022

Fox Valley home prices January 22 2022. New listings of single family homes were up slightly. 110 this week compared to 94 the previous week.

Closed listings of single family homes this week was down. 122 this week compared to 127 the previous week.

The market is off to a slow start so far this year here in the Fox Valley area.

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

Aurora-New 18 $135,000-$1,075,000

Closed-7 $85,000-$410,000

Bolingbrook-New 8 $145,000-$329,900

Closed-11 $221,000-$439,900

Naperville-New 22 $360,000-$4,800,000

Closed-18 $315,000-$820,000

Plainfield-New 17 $299,900-$799,900

Closed-23 $235,000-$550,000

I just highlighted the communities with the most activity. You can see the rest of the communities that had activity in the picture above. You will notice that week after week these same communities are always on the list of most activity. It depends on what you are looking for in a community. One that is consistently active, or one that is more stable.

Financing most used, median prices and 2,000 SF or more

The median list price this week on single family homes is $369,995, last week the median price was $350,000.

Closed median price was $354,000 this week, last week $331,000 on single family homes.

Conventional financing was used to close 89 single family homes this week at a median price of $374,900, last week 90 single family homes at median price of $365,000.

Cash was used to close on 15 single family homes at a median price of $295,000 this week, last week 18 at median price of $282,500.

FHA financing was used to close 9 single family homes at a median price of $320,710 this week, last week 18 homes at median price of $258,500.

VA financing was used to close 9 single family homes at a median price of $300,500 this week, last week 1 at $432,990.

71 single family homes closed this week that were 2,000 square feet or more at a median price of $404,000, last week 70 homes at median price of $434,000.

The minimum price this week for 2,000 or more square feet closed at a price of $280,000, last week $235,000. What a difference a week makes! If you are looking for more space you might have to be patient until the right one comes on the market.

Contracts accepted this week

Contracts accepted on single family homes were down. 163 this week compared to 172 the previous week. We are having a slow trickle of homes coming on the market. This is not surprising.

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

Aurora-29 Bolingbrook-10

Naperville-28 Plainfield-18

St Charles-13

The median price that received a contract this week is $350,000. $68,000 was the minimum price on single family homes. Average market time was 49 days this week.

Contingent Stats January 22 2022 — Contract accepted Stats for January 22 2022

No short sales were accepted this week by seller’s. That does not mean that there are no short sales listed.

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 4 with 48 hours.

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

2022 by the month

Month New Closed Contracts accepted

January 310 371 445

Check back with us every Saturday for the market update. At the end of each month we will also include the numbers for 2021 and 2020 so you can see how this year is going compared to those previous 2 years.

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 might be more information than you are looking for. You might just like to see a graph, but I like to break it down a little more.

You will be the one to decide what information you want, and how often, once we start working together. Do you want a more broad area to look, or a more defined area. Will you look at any age, type of home, or do you want to only view a set criteria of homes?

It all starts with getting your financial information to a lender to get pre approved.

If you are thinking about selling your home request a home valuation. Give us some details about your home and what has been recently updated. We will show you what the market is doing with your type of home in your area. Provide a net proceeds that shows an estimate of expenses to sell that will be updated when an offer comes in and we know all the terms.

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

If you are already working with a loan officer check with them for the rate they are offering you with your credit score. They also might offer some assistance. You will need to ask.

Buying or selling a home is a big deal. You want someone that will look out for you and guide you through the process. We want to be your REALTOR®.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 22 2022. Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices January 8 2022

Posted on January 8, 2022January 8, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022. New listings of single family homes are up. 106 this week compared to 42 the previous week. This is still lower than the first full week of 2021 with 136 new listings.

Closed listing are down. 122 this week compared to 174 the previous week. The beginning of the year, and month starts off slow, and then increases as we head into the end of the month closer to Spring market.

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

Aurora-New 18 $160,000-$675,000

Closed-18 $80,000-$901,100

Naperville-New 14 $349,900-$1,749,000

Closed-23 $317,500-$1,200,000

Plainfield-New 14 $199,000-$632,920

Closed-13 $170,000-$613,013

St Charles-New 6 $250,000-$1,550,000

Closed-13 $133,350-$871,027

Financing, median price and 2,000 square feet or more

Median list price on single family homes this week $362,500, last week $324,950.

Closed median price this week on single family homes $367,500, last week $326,000.

Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.

Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.

FHA financing was used to close on 14 homes at a median price of $270,500 this week, last week 23 at $251,500 median price.

VA financing was used to close on 6 homes with a median price of $344,495 this week, last week 13 homes at $327,000 median price.

76 single family homes were closed with 2,000 square feet or more with a median price of $465,750 this week, last week 83 homes were closed at $420,000 median price.

The minimum price for 2,000 square feet or more was $240,000 this week, last week $239,900. This gives you and idea of prices in the Fox Valley if you are thinking about looking for a larger home with more bedrooms, office or family room.

Contracts accepted this week

110 contracts were accepted this week by seller’s. The previous week 101 so it has gone up slightly.

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

Aurora-22 Bolingbrook-14

Naperville-16 Plainfield-17

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. 2 with a kick-out clause of 72 hours and 1 with 48 hours.

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

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.

Do you have questions about real estate taxes? What you should do to get your home ready for market? Do you want guidance after a loved one has passed?

We can’t give you legal advice, but we can help guide you through the process.

Request a home valuation and give us some information about your home and what has recently been updated. We will give you an idea of market value and what you expenses might be to sell. When an offer comes in we can give you a better idea when we know all the terms.

Thinking about buying a homes? Get in contact with a loan officer with all your financial information so they can get you pre approved. Then you are ready to start looking.

Check out some great resources:

Your interest rate will be determined on your credit score. Check with your loan officer to see what they are offering you and ask if there is anything you can do to bring up your score to get a better rate. Your loan officer also might be offering some assistance. You need to ask.

Look for us on Facebook at Best Homes Fox Valley. We have a “shop now” button you can click on and search anywhere in Illinois. There are drop down arrows if you are looking for attached housing or for more options.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 8 2022. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices November 27 2021

Posted on November 27, 2021November 28, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021. New listings of single family homes are drastically down. 82 this week compared to 153 the previous week.

Closed listings of single family homes are also down. 158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday. Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities. You might find something that fits your needs.

Financing used, median prices and 2,000 or more square feet

Median list price this week $359,450, last week $359,000.

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021 — Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021 — Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021 — FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000. Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021 — 2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 191 this week compared to 235 the previous week. That is not too bad with this short holiday week.

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

Aurora-26 Bolingbrook-18

Montgomery-15 Naperville-29

Plainfield-20 St Charles-11

3 short sales were accepted by seller’s this week. 2 in Oswego and 1 in Minooka. Now they will get submitted to the lender to see fi they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 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 48 hours.

2021 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

Totals 10223 11875 12901

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

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

Totals 11830 10898 13363

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

September1164 765 869

October 1041 738 776

November 897 946 839

Totals 14633 9612 11350

This year had the best sold homes with the least amount of new listings. That is the column that is most important. June was the best month over all this year.

Most years it is the Spring months that see the most new listings. The economist’s keep saying we will see more of the same next year. We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings. There might be more movement where the projects are. Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019. That is the reason for the price increases. Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

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.

Thinking about moving anytime soon? Request a home valuation and give us some details about your home and what has recently been updated. We will provide you with a net proceeds that shows an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead It might take some time to find a home. You will need to get all your financial information together and get it to a loan officer so they can pre approve you. They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score. They might also offer some assistance.

If you need recommendations for a loan officer, real estate attorney or home inspector we can give you a few to contact so you can decide who you want to work with.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021. Have a great week!

Kristine 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

Fox Valley home prices November 20 2021

Posted on November 20, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 20 2021

Fox Valley home prices November 20 2021. New listings of single family homes were up. 153 this week compared to 139 the previous week. There are ups and downs throughout the year, but there is activity every week. Some months are slower, but there is always a need to sell for many different reasons. If you are still waiting for a home to come up that is right for you be patient.

Closed listings of single family homes was also up. 260 this week compared to 206 the previous week. It can be tricky trying to close before and after a holiday. The next couple of weeks some closings might be shuffled around because of scheduling issues.

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

Aurora-New 23 $115,000-$498,900

Closed-41 $88,900-$530,000

Bolingbrook-New 13 $210,000-$490,000

Closed-20 $220,000-$520,000

Montgomery-New 8 $179,900-$350,000

Closed-12 $175,000-$405,000

Naperville-New 20 $349,900-$4,700,000

Closed-42 $262,500-$1,659,205

Oswego-New 6 $120,000-$795,000

Closed-16 $219,000-$510,000

Plainfield-New 21 $249,900-$564,900

Closed-30 $220,000-$715,000

St Charles-New 8 $305,000-$695,000

Closed-21 $140,000-$1,099,000

Yorkville-New 8 $240,000-$450,000

Closed-15 $215,000-$563,950

Financing used, median prices and 2,000 or more square feet

Median list price this week $359,000, last week $340,000

Closed listings had a median price of $367,944, last week $338,749.

Stats November 20 2021 — Stats this week

Conventional financing was the most used this week. 185 at median price of $390,990, last week 140 at median price of $363,500.

Cash deals closed this week with 26 at median price of $377,000, last week 29 at median price of $345,000.

Conventional and Cash November 20 2021 — Conventional and Cash

FHA deals closed this week with 36 at median price of $286,945, last week 31 at median price of $273,000.

VA deals closed this week with 11 at median price of $374,900, last week 5 at median price of $285,000

FHA and VA November 20 2021 — FHA and VA

2,000 or more square feet closed this week with 158 at a median price of $435,000, last week 107 with a median price of $430,000. Minimum closed price this week $255,000, last week $139,000. This give you an idea of prices in the Fox Valley area if you are looking for more square footage.

2000 or more SF November 20 2021 — 2,000 or more square feet

Contracts accepted this week

Accepted contracts this week in the Fox Valley area of single family homes was up. 235 this week compared to 227 the previous week. New listings were way down last week so this is good news. Homes that might of been overlooked received contracts.

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

Aurora-33 Batavia-12

Bolingbrook-22 Geneva-10

Naperville-33 Plainfield-28

St Charles-15 Sycamore-11

West Chicago-10 Yorkville-13

No short sales were accepted by seller’s this week. That does not mean that they are not out there, but most homes have appreciated enough that they do not have to sell short.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 48 hour and 1 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September1083 1411 1251

October 715 973 930

November 475 696 740

Totals 10141 11717 12710

June was the best month for all three. Sales tend to slow down the last 2 months of the year. We are already ahead of January and February with closed homes and we have a little more than a week to go.

New listings have slowed down. Buyers are still out there waiting for more homes to come on the market. Prices have slowed some buyers down, but there are still buyers out there ready to buy even though prices have increased.

Contact us

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

Thinking about selling your home? Request a home valuation and give us some information about your home and what has been updated recently. Roof, siding, wiring, plumbing, furnace, Air conditioning, interior paint, remodeled kitchen or baths. Any additions or professional landscaping. Did you get permits? We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea where you are at. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you will need to get pre approved with a loan officer. Get all your financial information together and submit them to a loan officer so they can get you pre approved. They will give you a letter showing what type of loan and how much you qualify for. We will submit this with an offer when you find a home so you can show the seller that you do qualify for their home.

Resources:

Check with your loan officer for the current rates that you qualify for with your credit score. They also might offer some assistance so it is always good to have that conversation with them.

If you need recommendations for a loan officer, real estate attorney or home inspector we can recommend a few for you to contact and you decide who you would like to work with.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 20 2021. Have a great week!

Kristine 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

Fox Valley home prices November 13 2021

Posted on November 13, 2021November 14, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021. New listings of single family homes are way down. 139 this week compared to 183 the week before. Competition is way down right now if you are thinking about selling.

Closed single family homes this week were also down. 206 this week compared to 230 the week before. This is understandable since we are at the beginning of the month. Most buyers want to close at the end of the month.

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

Aurora-New 24 $130,000-$745,000

Closed-42 $135,000-$525,000

Bolingbrook-New 7 $175,000-$500,000

Closed-28 $217,000-$1,020,000

Elburn-New 12 $210,000-$920,000

Naperville-New 14 $222,000-$935,000

Closed-30 $320,000-$1,575,000

Oswego-New 8 $235,000-$500,000

Closed-11 $260,000-$525,000

Plainfield-New 15 $229,900-$674,900

Closed-23 $218,000-$575,000

St Charles-New 16 $250,000-$1,299,000

Closed-19 $180,000-$1,235,000

We hope to see improvement this week with new homes coming on the market.

Financing used, median prices and 2,000 or more square feet

Median list price this week $340,000, last week $350,000.

Closed median price this week $338,749, last week $350,000.

Stats November 13 2021 — Median prices this week

Conventional closed single family homes 140 at a median price of $363,500, last week 149 at $370,000.

Cash closed 29 with a median price of $345,000, last week 22 at $290,000.

Conventional and Cash November 13 2021 — Conventional and Cash

FHA closed 31 with a median price $273,000, last week 48 at $305,000.

VA closed 5 with a median price of $285,000, last week 11 at $271,000.

FHA and VA November 13 2021 — FHA and VA Financing

2,000 or more square feet closed 107 with a median price of $430,000, last week 129 at $420,890. Minimum price this week $139,000, last week $240,000. This gives you an idea of the prices if you are thinking about buying a home with a little bit more space.

2000 SF or more November 13 2021 — 2000 or more square feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 227 this week compared to 278 the week before. Next week we hope to increase the new listings so there is more available to buyers.

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

Aurora-32 Batavia-13

Bolingbrook-19 Naperville-28

Oswego-14 Plainfield-37

St Charles-17 West Chicago-12

1 short sale was accepted by a seller this week. It was in Aurora. 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. 6 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent to the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 6 with 48 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 322 436 505

Totals 9988 11457 12475

June was the most active month so far this year across the board with new listings, closed and contracts accepted. All signs look like 2022 will be similar to this year. Prices might not go up as fast as they did this year. Until more homes are built or commercial property converted to residential purposes inventory will not increase. There just is not enough homes for the need.

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.

I have been attending our National Association of REALTORS® Conference virtually yesterday, today and tomorrow. They have had some great sessions. Talking about the economy, appraisals in today’s market and so much more. They are holding it out in San Diego. One of my favorite places.

Thinking about selling your home in the near future? Request a home valuation and give us a little information about your home and what has recently been updated. We will let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms. If you are planning on waiting until after the first of the year. We can update closer to when you are ready.

You might want to plan ahead if you are thinking about buying a home and are wanting to do that by a certain date. You will need to get all your financial information together and get it to a loan officer if you haven’t already done that. You need to get pre approved. They will give you a letter after they are completed that shows what type of loan and how much you qualify for. This will go with an offer when you find a home.

Resources:

You will want to check with your loan officer for the rates that they are currently offering with your credit score.

Do you need recommendations for loan officers, real estate attorney, or home inspector? We can provide you a few of each so you can contact them and decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 13 2021. Have a great week!

Kristine 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

Fox Valley home prices

Posted on October 23, 2021October 23, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices

Fox Valley home prices. New listings of single family home were up. 187 this week compared to 171 the week before. Good news, but not nearly enough. Prices will keep increasing until we get enough inventory of homes to meet the demand. School starting always slows things down, but buyers are still looking.

Closed listings of single family homes was also up this week. 245 this week compared to 208 the week before. Next week is the last full week of the month so it should increase.

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

Aurora-New 25 $139,900-$439,900

Closed-33 $90,000-$470,000

Bolingbrook-New 18 $190,000-$485,000

Closed-14 $250,000-$502,000

Geneva-New 6 $270,000-$699,000

Closed-12 $187,500-$795,000

Montgomery-New 9 $179,900-$369,900

Closed-20 $178,000-$385,000

Naperville-New 34 $325,000-$1,549,900

Closed-36 $267,400-$1,300,000

Plainfield-New 22 $245,000-$515,000

Closed-33 $239,900-$540,000

St Charles-New 10 $185,000-$1,100,000

Closed-16 $215,000-$1,339,000

Yorkville-New 9 $247,500-$426,186

Closed-14 $255,000-$465,000

You can click on the picture above and look at the other communities listed to see the price ranges better. You might need to adjust what community you are looking in to find your price range that works out best for you.

Financing, median prices and homes that sold 2,000 square feet or more

Median list price this week was $349,000 last week $350,000. Closed median price was $341,500 this week, and $341,000 the week before. These prices are not fluctuating much from week to week.

Financing really came into play this year. Multiple offer situations changed the game. You needed to be already through the approval process and seller’s chose Cash, of course, first if the price was right and next they chose Conventional financing. It is still their choice today. Take a look.

Conventional financing closed this week 168 with median price of $371,829, last week 131 at $376,077.

Cash closed this week 27 at median price of $343,900, last week also 27 at$324,900

Fox Valley home prices-Conventional and Cash — Conventional and Cash

FHA closed this week 41 at median price of $278,000, last week 35 at median price of $282,000.

VA closed this week 8 at median price of $381,000, last week 15 at $349,000.

Fox Valley home prices-FHA and VA — FHA and VA

Some people are moving up to a larger home that has more bedrooms, family room, basement or room for an office so we decided to add this into the stats.

Single family homes closed with 2,000 square feet or more this week 134 at a median price of $414,000, last week 123 at $409,000. Minimum price closed this week at $291,000, last week at $205,000. This gives you an idea of prices in our area for that size home.

Fox Valley home prices-2000 or more SF — 2,000 Square Feet or more

Contracts accepted this week

Contracts accepted this week by seller’s was down. 223 this week compared to 233 the week before.

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

Aurora-29 Bolingbrook-24

Naperville-33 Oswego-13

Plainfield-27 St Charles-18

Click on the photo to enlarge so you can see other communities.

3 short sales were accepted by seller’s on single family homes. 1 each in Aurora, Plainfield and Sycamore. Now they will be submitted to the lender to see if they will also accept.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and also 1 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 563 681 712

Totals 9514 10729 11752

Check back with us every Saturday for the 2021 by the month and at the end of each month we look back at 2020 and 2019 so you can compare and see how the market is going this year.

Every month except April more homes closed than new listings coming on the 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.

Request a home valuation if you think you might want to sell your home. Let us know a little bit about your home and what has recently been updated and we will let you know what it is worth in today’s market. 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? Gather all your financial information and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking. You will need to be flexible and go when a home hits the market. It will be gone if you wait until the weekend unless it needs work or over priced.

Resources:

Check with your lender for their current rates. Your credit score will determine the rate you receive.

If you need recommendations for loan officer, real estate attorney or home inspector we can give you a few to contact and you can choose who you want to work with.

All data used is from our MLS MRED, LLC.

Fox Valley home prices. Have a great week!

Kristine 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 homes closed 2,000 square feet or more week 33

Posted on August 21, 2021August 21, 2021 by Kristine Heiman, Designated Managing Broker

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

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.

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.

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!

Kristine 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

Posted on August 7, 2021August 7, 2021 by Kristine Heiman, Designated Managing Broker

How many FHA deals closed in week 31

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

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.

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!

Kristine 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