10 05 2019-Market Update

10 05 2019-Market Update

10 05 2019-Market update.  New listings of single family homes here in the Fox Valley went up this week.  291 this week compared to 259 the week before.  Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week.  235 this week compared to 204 the week before.  Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

            Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

             Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

                     Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

             Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

                      Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

                 Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

              Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

                Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

                                         Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

10 05 2019-Market Update-Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week.  Not too bad.  Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19                                       Bolingbrook-21                                            Geneva-11

Naperville-30                                   Plainfield-10                                                 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

Market activity so far for 2019 in the Fox Valley by the month

New listings                                        Closed listings                                   Contracts accepted

January-878                                     January-407                                    January-608

February-1,032                                February-465                                  February-832

March-1,731                                    March-915                                     March-1,375

April-1,594                                      April-790                                        April-1,307

May-2,004                                      May-1,391                                      May-1,665

June-1,643                                      June-1,253                                     June-1,218

July-1,423                                       July-1.029                                      July-1,090

August-1.585                                  August-1,403                                  August-1,211

September-1,164                            September-765                               September-869

October so far-291                          October so far-235                         October so far-195

Total-13,345                                    8,653                                            10,370

I changed it up this week so you could see the difference side-by-side.  Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes.  There are many reasons why they do not close.  There could be an issue with the buyer that does not get approved for the loan for some reason.  Home inspection or attorney review had issues that they could not agree on resolving.  Buyer or seller change their mind about going through with the deal.  All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings.  Everything still revolves around the school year.  There is still activity though.

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 goal.  If it is not reasonable we will let you know.

Let us update the value of your home in today’s market.  We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update.  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

630-503-6555

Another way to search for a home that you can sign up for free!  I can do a video call and share my screen to show you how it works and all that you can do with it.  I think you will really like this!

 

Fox Valley Market Update June 22 2019

Fox Valley Market Update June 22 2019

Fox Valley market update June 22 2019..  New listings of single family homes in the Fox Valley area were slightly higher this week.  444 this week compared to 433 the week before.

2019 look at new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June so far-1,278
  • Total-8,517

One more week to go in June and it looks like we will not come close to May’s totals for new listings.  That is not good for buyer’s that are still trying to find a home.

Closed homes this week were slightly higher.  303 this week compared to 294 the week before.  Next week should be very busy for closings.

Closings in 2019 so far of single family homes:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June so far-923
  • Total-4,891

A little over 57% of the 8,517 new listings have sold and closed so far far this year.

Take a look at the activity this week in the Fox Valley:

Aurora-New 51 $119,900-$639,900                                                         Closed-34 $125,000-$500,000

Batavia-New 16 $185,000-$629,900                                                        Closed-8 $203,000-$464,000

Bolingbrook-New 27 $129,900-$595,900                                                Closed-25 $98,175-$405,500

Geneva-New 22 $242,000-$1,295,000                                                    Closed-22 $155,000-$751,000

Montgomery-New 22 $125,000-$330,455                                               Closed-11 $86,793-$370,056

Naperville-New 102 $174,900-$1,790,000                                              Closed-52 $202,500-$1,020,000

North Aurora-New 13 $195,000-$430,000                                              Closed-8 $197,500-$368,500

Oswego-New 26 $199,900-$429,900                                                       Closed-12 $165,000-$370,000

Plainfield-New 38 $172,000-$494,000                                                     Closed-31 $182,000-$595,000

St Charles/Campton Hills-New 36 $109,800-$1,275,000                         Closed-29 $150,000-$774,900

West Chicago-New 13 $114,900-$485,000                                              Closed-8 $165,000-$432,500

Winfield-New 10 $282,900-$799,000                                                      Closed-5 $300,000-$475,000

Yorkville-New 19 $213,000-$1,100,000                                                   Closed-7 $174,000-$375,000

Contracts accepted this week

Fox Valley Market Update June 22 2019-Contracts accepted this week

Contracts accepted of single family homes this week were slightly down.  293 this week compared to 317 last week.

Contracts accepted of single family homes so far in 2019:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June so far-946
  • Total-6,733

That total shows you that about 79% of the homes listed this year have gone under contract.  Not all of them have closed. Some have been put back on the market because of buyer not able to get financing or some other reason.  Some of that total have gone under contract and reactivated and gone under contract again.  Closed totals are the most important.

Take a look at the communities that seller’s accepted the most contracts this week:

Aurora-45                                                      Batavia-14                                              Bolingbrook-18

Geneva-12                                                     Montgomery-11                                      Naperville-50

Oswego-12                                                    Plainfield-38                                            St Charles/Campton Hills-23

Yorkville-16

Short sales accepted this week by seller’s doubled from last week.  5 this week compared to 2 the week before.  Still very low.  There were 1 each in Montgomery, Plainfield and Sandwich.  2 in Oswego this week.

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home before purchasing.  12 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Seller’s also accepted contracts that are contingent on the buyer selling and closing before they can purchase.  1 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us with any real estate questions you have at 630-503-6555.  Jerffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether you are selling, buying or both.

Thinking about selling?  We will update the value of your home in today’s market and provide you with a net proceeds that will show you the expenses to sell your home so you know where you are at.

If you are thinking about purchasing your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work for you.

We will guide your through the process of selling or purchasing.  We can make a few recommendations of loan officers, real estate attorneys and inspectors if you don’t know any already.  You can choose who you think will workout best for you.

Check out these resources:

Fox Valley market update June 22 2019.  Have a great week! Let us know how we can help you.

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 or Kristineheiman@besthomesfv.com

You can also check out a different way to search for a home.  Click on satellite view and you can see how the home is situated on the lot.  It will show you if it is a corner lot, does it have a backyard and is it fenced in,  Is there anything else for sale in the neighborhood.

 

Market Update Fox Valley-November 3 2018

Market Update Fox Valley-November 3 2018Market update Fox Valley-November 3 2018.  The market was slightly down this week.  219 this week compared to 223 last week.  I guess Halloween was not too much of a distraction.

Closed listing this week were significantly up.  262 this week compared to 192 last week.  Monday, Tuesday and Wednesday were the last 3 days of the month.  Buyers like to close the end of the month so they bring less interest to closing.

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

Aurora-New 42 $75,000-$529,500                                                      Closed-52 $90,000-$523,000

Bolingbrook-New 16 $155,000-$389,900                                          Closed-24 $160,000-$381,500

Geneva-New  10 $265,000-$624,900                                                 Closed-7 $150,000-$651,000

Montgomery-New 5 $148,000-$289,222                                           Closed-13 $152,700-$320,000

Naperville-New 38 $200,000-$1,750,000                                           Closed-37 $181,500-$1,385,000

Oswego-New 12 $149,900-$389,900                                                  Closed-12 $125,000-$375,000

Plainfield-New 19 $178,500-$699,900                                                Closed-34 $160,000-$412,500

St Charles/Campton Hills-New 27 $130,000-$2,585,000                Closed-15 $175,000-$597,000

West Chicago-New 10 $115,000-$390,000                                        Closed-9 $153,000-$457,703

Yorkville-New 5 $229,990-$259,000                                                    Closed-10 $145,000-$314,600

Contracts Accepted this Week

Market Update Fox Valley-November 3 2018-Contracts Accepted this WeekContracts accepted this week were down.  157 this week compared to 177 last week.  Price adjustments might need to be made to get more interest on existing homes.

Take a look at the communities that Sellers accepted the most contracts this week:

Aurora-23                                  Bolingbrook-11                                           Naperville-20

Plainfield-27                             St Charles/Campton Hills-10

Short sales are still very low.  3 accepted this week compared to 6 last week.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with a contingency of Buyers closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104,  Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether buying or selling a home.

If you are thinking about selling a home let us update the value in the current market and provide you with a net proceeds so you have an idea of expenses to sell.

Learn more from these links:

Thinking about buying?   You  will need to contact a loan officer to get qualified.  They will let you know the type of loan that is best and what price range you should stay in.  You will be provided with a letter that will go with an offer when you find a home.

The interest rate you are offered will be determined on your credit score. If you need to work on it they can help you to do the right things to bring it up.

Market update Fox Valley-November 3 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-July 21 2018

Market Update Fox Valley-July 21 2018Market Update Fox Valley-July 21 2018. New listings were down this week but still good numbers.  355 this week compared to 405 last week.  Last weeks numbers were so high making up for the holiday week. Now we are back to normal.

Closings were up this week.  282 this week compared to 240 last week.  These will continue to go up.  Next week is the last full week of the month.

Take a look at the communities with the most activity this week for single family homes:

Aurora-New 56 $69,900-$499,900                         Closed-42 $65,000-$390,000                     Active-317 $69,900-$1,450,000 with 4 Auctions

Batavia-New 14 $175,000-$829,000                     Closed-11 $141,000-$480,000                   Active-106 $99,000-$1,575,000

Bolingbrook-New 23 $186,900-$390,000             Closed-19 $160,000-$417,000                   Active-154 $149,900-$849,900 with 1 Auction

Geneva-New 12 $200,000-$689,000                     Closed-9 $299,900-$625,000                      Active-164 $200,000-$1,695,000

Montgomery-New 11 $159,500-$295,000           Closed-11 $169,900-$269,900                    Active-68 $124,900-$331,500

Naperville-New 61 $245,000-$1,379,000             Closed-52 $180,000-$855,000                    Active-702 $205,000-$6,800,000 with 1 Auction

Oswego-New $199,900-$437,000                         Closed-16 $226,000-$590,000                    Active-116 $169,000-$1,595,000

Plainfield-New 57 $181,500-$840,000                  Closed-40 $177,000-$675,000                    Active-331 $164,900-$2,200,000 with 2 Auctions

St Charles/-New 31 $179,000-$899,000               Closed-24 $85,000-$615,000                      Active-438 $91,108-$3,895,000 with 1 Auction

Campton Hills

West Chicago-New 11 $164,900-$500,000          Closed-5 $149,900-$350,000                       Active-128 $164,900-$899,000

Did you notice of these communities that are the most active how many listing they have that are active and available?  Naperville has 702, St Charles/Campton Hills has 438, Plainfield has 331 and Aurora has 317.  These communities are consistently very active.  Is it jobs, schools, access to roadways or what the communities have to offer?  These are all important things to consider when looking for a home.  Even if these are not the reason you are looking.  These factors are good for resale.

Market Update Fox Valley-July 21 2018-Contracts accepted this week


Market Update Fox Valley-July 21 2018-Contract Accepted this week
Contracts accepted by sellers this week were slightly up.  276 this week compared to 264 last week.  Market for single family homes is staying pretty consistent.  

Take a look at the communities that accepted the most contracts this week on single family homes:

Aurora-49                         Bolingbrook-26                          Geneva-11                          Naperville-46

Oswego-14                      Plainfield-37                               St Charles/-25                   Yorkville-12

                                                                                               Campton Hills

Short sales accepted this week were exactly the same as last week with 7. Now they will be submitted to the lender to see if they will also accept them as written.

Seller accepted contracts this week that are contingent on the buyers home closing.  Buyer already has a contract on their current home but they need to close before purchasing.  5 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.

Contracts were also accepted by sellers that the  buyer still needs to sell their current home.  They might or might not already have their current home on the market.  They need to sell and close before purchasing.  Contracts also have contingencies. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best.  You can also go to our website below and click on the contact form it you prefer.

If you or someone you know is thinking about selling your  home we will do a market analysis to let you know the value in the current market.  We will provide you with a net proceeds that shows you the expenses of selling your home so you have an idea what you have to work with after the closing.  We will update this when an offer comes in and we know all the terms of the contract.

Thinking about purchasing?  Your first step is contact a loan officer and get pre approved so you know what price range will work for you.  You can also find information about the different types of loans and the process.

Are you wondering what the current interest rates are?  Your credit score will determine what interest rate you are offered.

Veterans can find out the requirements and the process for getting a VA loan.  There is some good information there.

Everyone should check to see if you qualify for down payment assistance.  Some communities also offer assistance.  You might also want to check the website of the community you are looking in.

Market Update Fox Valley-July 21 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

 

Market Update Fox Valley December 2 2017

Market Update Fox Valley December 2 2017
Fox Valley Activity This Week

Market Update Fox Valley December 2 2017.  We are back up to the activity before the Thanksgiving Holiday.  This week there were 177 New Listings compared to 104 last week.  Buyers have more to look at which is a good thing.  We are still extremely low with inventory so it can be very frustrating to be able to buy and not find what you are looking for.  Sellers it is still a great time to sell!

Closings were back up to the levels before the holiday even though it is the beginning of the month.  205 Closings this week compared to 130 last week.  Usually the beginning of the month is slower and picks up toward the end of the month.

The chart above shows the communities with activity of New & Closed listings. It also shows the minimum and maximum price in each community.  You should be able to click on the chart to make it bigger.  If not let me know and I can email it to you.  The communities with the most activity this week are:

Aurora-New 16 Closed 24

Bolingbrook-New 14 Closed 19

Geneva-New 8 Closed 13

Montgomery-New 3 Closed 13

Naperville-New 35 Closed 31

Oswego-New 13 Closed 10

Plainfield-New 23 Closed 20

St Charles-New 23 Closed 16

Market Update Fox Valley December 2 2017-Contracts Accepted This Week

Market Update Fox Valley December 2 2017 Contract Accepted this week
Communities Sellers Accepted Contracts

Contracts accepted by sellers this week were up.  150 this week compared to 134 last week.  We were at 199 the week before the holiday.  Hopefully with more listings this week will help bring the numbers back up.

Short sales are staying low.  Sellers accepted 8 contracts this week.  There were 5 last week.  Now they will go to the mortgage company to see if they will also accept the contract as written.

Sellers accepted contracts this week that are contingent on the buyer closing on their home.  The buyers have already accepted a contract on their home but need to close to purchase.  4 with a kick-out clause of 72 hours and 6 with a 48 hour kick-out clause.

Contingent contracts were also accepted from sellers this week that the buyer needs to sell their home.  They might or might not already have their home on the market.  They need to sell their home and close before they can purchase.  3 with a 72 hour kick-out clause, 3 with 48 hours and 1 with a 24 hour kick-out clause.

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

Aurora-26

Naperville-19

Oswego-10

Plainfield-20

St Charles-15

This information can be important to you if you are from out of the area, thinking about selling or buying.  If you are from out of the area in most cases the areas with the most activity usually mean that the schools might be better than other areas.  Jobs or good access to roads to get to jobs.  Community activities or entertainment is good there.

It can also be important if you are thinking about selling.  You can see how your community is doing with activity.  If your community has less sales it might take a little longer to sell than an area that has more activity.

Contact Us

Check back with us every Saturday for the Market Update Fox Valley.  You can contact us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman,MCNE-Managing Broker ext 101.  You can also fill out the contact form if you would like us to get back to you.

Search for homes anytime whether you want to keep track of your neighborhood and how it is doing or looking to purchase.  We can give you recommendations of lenders we have successfully worked with so you can get pre-approved.  Down Payment Resource is a good place to go to see if you qualify for any help.

Check out current interest rates to see where they are at right now.

Our goal is to negotiate the price and terms that are best.  We make it our business to find the perfect fit for your needs.

Kristine Heiman,MCNE-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Market Update Fox Valley October 28 2017
Contracts Accepted this week Fox Valley

 

Market Update Fox Valley October 28 2017

 Market Update Fox Valley October 28 2017.  New listings increased 8 1/2% this week.  223 this week compared to 190 last week.  Great news but we still need to see this percentage higher to meet the demand of buyers.

Closed listings increased 9%.  194 this week compared to 178 last week.  The end of the month is usually when you see the most closed listings.  We are down almost 7 1/2 % percent from the end of the month in September.  We still have Monday & Tuesday left for closings for the month so the final figures for October are not in yet.

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

Aurora-New 24 Closed 32

Batavia-New 6 Closed 12

Bolingbrook-New 15 Closed 12

Naperville-New 39 Closed 35

Plainfield-New 35 Closed 27

St Charles-New 19 Closed 13

West Chicago-New 11 Closed 8

Yorkville-New 12 Closed 12

The chart above shows you the communities with minimum and maximum price range for New listings and Closed listings.  Many factors go into why some communities are consistently more active then others.  Schools, work, roads & what a community has to offer.  Let us know what you are looking for in a community and a home.

Market Update Fox Valley October 28 2017-Contracts Accepted This Week
Contracts Accepted This Week Fox Valley

 

Market Update Fox Valley October 28 2017-Accepted Contracts This Week

 

Market Update Fox Valley October 28 2017-Accepted Contracts this week.  Contracts accepted this week decreased 9.5%. 207 this week compared to 217 last week.  New listings were down 8% last week so that contributed to the decrease in contracts accepted this week.  The inventory just is not keeping up with the demand.

Short sales accepted this week were down.  3 this week compared to 11 last week.  1 in St Charles and 2 in West Chicago.  Now they will move on to the mortgage company to see if they will also accept them as written.  Prices have come up with low inventory.  There is not as many short sales because of this.

Sellers accepted contracts with a contingency on the buyer closing on their current home.  The buyers have already accepted a contract on their home but need to close before purchasing.  2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with a 24 hour kick-out clause.

Contracts were also accepted by sellers with a contingency that the buyer still needs to sell their home.  They might or might not already have their home on the market. 4 with a kick-out clause of 72 hours and 6 with 48 hours.

Take a look at the communities that had the most activity with sellers accepting contracts this week:

Aurora-22

Bolingbrook-16

Geneva-11

Naperville-47

Oswego-11

Plainfield-25

The chart above shows you how many contracts accepted in each community.

Resources

Resources for you to take a look at if you are thinking about purchasing a home.  CFPB to see about the different types of loans and the process. We can make recommendations of loan officers to contact that we have successfully worked with.   Down Payment Resource to see if any help is available to you.  You can also go to the community website you are thinking about to see if they offer any help with grants and what they have to offer in activities.  You can check out school ratings.

If you are thinking about selling your home you can request home valuation to see where you are at in the current market.  We will also provide an estimate on net proceeds so you can see if it makes sense to sell now.  The net proceeds will be updated when a contract comes in with the price and terms so you can make a decision.  Give you advice on getting your home market ready.

Contact Us

Contact us at 630-503-6555  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form if you prefer to let us know how and when you would like us to contact you.

You can search for homes anytime whether you are thinking about selling a home, purchasing or would just like to keep an eye on the market.    We make it our business to find the perfect fit for your needs.  Price and terms that are best.  Best Homes Fox Valley.  Market Update Fox Valley October 28 2017

Market Update Fox Valley October 21 2017
Activity this week Fox Valley

Market Update Fox Valley October 21 2017

Market Update Fox Valley October 21 2017.  New listings of homes were down 8% this week.  190 this week compared to 230 last week.  Inventory continues to remain low across the Fox Valley.  If you are thinking about selling this market is the one to jump into without a lot of competition.

Closings this week increased 9%.  178 this week compared to 164 last week.  We are heading closer to the end of the month so this is to be expected.  You will probably see it higher next week.

The chart above shows the communities with activity this week.  It shows new listings in each community and the price range. It also shows closed listings in each community with price range.  Some communities consistently have more activity than others.  This week the communities with the most activity are:

Aurora-New 26 Closed 32

Bolingbrook-New 20 Closed 14

Naperville-New 31 Closed 23

Oswego-New 7 Closed 12

Plainfield-New 20 Closed 23

St Charles-New 15 Closed 13

West Chicago-New 7 Closed 12

Size is a factor in some communities having more activity.  Schools, access to roads or work and what the community has to offer are other factors.

Market Update Fox Valley October 21 2017-Contracts Accepted This Week
Sellers Accepted Contracts In These Communities

Market Update Fox Valley October 21 2017-Contracts Accepted This Week

Contracts accepted this week were down 9%.  217 this week compared to 228 last week. That is not a huge difference and some of this is because of low inventory.

The chart above shows you the communities that sellers accepted contracts this week.  The communities with the most activity for accepting contracts are:

Aurora-36

Bolingbrook-23

Montgomery-14

Naperville-32

Plainfield-31

St Charles-18

Short sales were up this week.  11 this week compared to 5 last week.  Now that the seller has accepted the contract it will go on to the mortgage company to see if they will also accept the contract as written or if they will make some changes.

Contracts were accepted with a contingency of buyer closing on their current home before purchasing.  They have already accepted an offer on their home but it needs to close.  7 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with a 24 hour kick-out clause.

Sellers also accepted contracts that are contingent on the buyer selling their home.  They might or might not of already put their home on the market.  It needs to receive a contract and close before purchasing. 1 with a 72 hour kick-out clause, 1 with 48 hour and 1 with a 24 hour kick-out clause.

Resources

To check out schools in Illinois and other information.  Look up the current interest rates for purchasing a home.  Your credit score is a factor on the interest rate you will receive so get pre-approved with a lender if you want to purchase a home and see if there is anything you need to work on with your score.  To look up information about the different types of loans and the process go to CFPB.  There is a lot of good information there.  Down payment resource is another place you should check to see if there is any help.  Also check with the community that you are looking in.

Contact Us

Contact us so we can help you get the price and terms that are best whether you are buying or selling a home.  We make it our business to find the perfect fit for your needs.  You can fill out the contact form or call us at 630-503-6555.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. 

Search for homes anytime whether you are thinking about purchasing or selling a home to see what is going on in the market. 

You can request a  market valuation to see what your home is worth in the current market.  We will also provide you with a net proceeds so you know how you might do.  When a contract comes in we will update it again with the price and terms.

Have a great week!  Best Homes Fox Valley Market update Fox Valley October 21 2017.

 Market Update Fox Valley October 7 2017.  A jump in new listings this week!  301 this week compared to 273 last week.  That is great for buyers that are waiting for new homes to come on the market to go and view.  Let’s keep them coming!

Closed homes this week were down.  208 this week compared to 260 last week.  This was to be expected with the beginning of the month.  You will see more at the end of the month.  208 is still a good number for the start of a month.

The chart above shows you the communities in the Fox Valley that had activity in our market update.  It shows New listings, how many and the minimum and maximum price listed.  It also shows you the closed homes, how many and the minimum and maximum price closed in each community.  The communities with the most activity this week:

Aurora-New 32 Closed 34

Batavia-New 7 Closed 11

Bolingbrook-New 26 Closed 19

Geneva-New 10 Closed 8

Montgomery-New 12 Closed 8

Naperville-New 63 Closed 24

Oswego-New 15 Closed 12

Plainfield-New 42 Closed 27

St Charles-New 28 Closed 15

If you are an investor looking for something under $100,000 you can see above there are not too many listed this week.  If you are a home owner thinking about selling take a look at your community and see the sold homes and the price range.  Prices have definitely gone up.

Market Update Fox Valley October 7 2017-Accepted Contracts
Communities That Accepted Contracts This Week

 

Market Update Fox Valley October 7 2017-Accepted Contracts

Market Update Fox Valley October 7 2017-Accepted Contracts.  Accepted contracts this week were right on target with last week.  216 this week compared to 217 last week.  The market is continuing to be consistent.  That is a good thing!

There were 8 short sales accepted this week by sellers.  Now they will go on to see if the lender will approve as accepted or if they will change it to what they need.  Some of buyers don’t understand that the listed price is not what the bank told the agent to list it for.

Contracts were accepted by sellers with a contingency that the buyer needs to close on their current home before they can close theirs.  The buyers already have accepted a contract on their home.  4 of them with a kick-out clause of 72 hours and 5 with a 48 hour kick-out clause.

Sellers also accepted contracts this week that the buyer still needs to sell their home.  The buyers do not have a contract on their home yet.  They might or might not already have their home on the market.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 3 with a 24 hour kick-out clause.

Market Update Fox Valley October 7 2017-Contact Us
Kristine Heiman-Managing Broker, Jeffery Szymczak-Broker & Bobby Burson-Broker

 

Contact Us

Contact us with all of your real estate questions.  If you are thinking about selling your home we will do a home valuation for you to let you know what it is worth in the current market.  Let you know what you need to do to get your home market ready.

If you are thinking about moving in the next 6 months now is the time to get in touch with a lender to see if you need to work on any credit issues or bring up your score to get the best interest rate.  We can recommend loan officers that we have worked with successfully if you don’t know who to contact.  You can also go to CFPB to learn more about the process.  Down payment resource is another place to go to.

Search for homes anytime whether you are looking to purchase or sell.  You can keep an eye on the market.  To get the price and terms that are best we will explain the process and what you need to do and not do.  We make it our business to find the perfect fit for your needs. 

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Have a great week!  Best Homes Fox Valley.  Market Update Fox Valley October 7 2017

Market Update Fox Valley September 9 2017
Fox Valley Activity New & Sold Homes
Market Update Fox Valley September 9 2017 Accepted Contracts This Week
Contracts Accepted This Week

 

Market Update Fox Valley September 9 2017

Market update Fox Valley September 9 2017.  First full week of September is off to a great start with New homes listed.  293 this week compared to 248 last week.  We hope this continues now that we are past the opening of the schools.  Inventory is still extremely low in most areas of the Fox Valley.

Closed homes in the Fox Valley were down this week.  176 this week compared to 295 last week.  That is the difference between the beginning of the month and the end of the month.  If you need a mortgage to purchase you will want to close towards the end of the month so you can come into closing with less money.  You need to bring in the interest from the day of closing to the end of the month.  Most people choose to close towards the end of the month to use those funds for moving in and updating things to make the home more personal to their needs.

These lists are for single family homes only.  We can provide you with the information for Attached housing, Multi-family and rentals just let us know what you are looking for.  Take a look at the communities with the most activity this week:

Aurora-New 36 Closed 32

Batavia-New 11 Closed 7

Bolingbrook-New 14 Closed 20

Geneva-New 13 Closed 6

Montgomery-New 11 Closed 7

Naperville-New 56 Closed 23

Oswego-New 18 Closed 6

Plainfield-New 41 Closed 27

St Charles-New 32 Closed 11

Yorkville-New 10 Closed 4

Market Update Fox Valley September 9 2017-Accepted Contracts

Accepted contracts this week were down from last week.  194 this week compared to 256 last week.  Hopefully with the increase in New homes coming on the market will increase this number this next week.

Short sales were the same as last week.  7 accepted short sales by the owners.  Now they will go on to see if the mortgage company will accept them.  This can be so confusing to people.  The price that the home is listed for in most cases the mortgage company does not even know what price they have it up for sale for.  They might or might not accept the price the owners accepted.  These take time.  You need to be patient.  If time is an issue these are not the homes you should be looking at.

Sellers accepted contracts this week that the buyer needs to close on their home before they can purchase.  The buyers have already had their home on the market and have accepted a contract on their home.  7 of them have a 72 hour kick-out clause, 9 with 48 hour and 1 with a 24 hour kick-out.

Home owners also accepted contracts with buyers that need to sell their home.  They might already have it on the market or not.  They do not have a contract on their home yet. 2 of them have a 72 hour kick-out clause, 6 with 48 hour and 1 with a 24 hour kick-out.

Take a look at the communities that home owner accepted the most contracts this week:

Aurora-36   2 of them were short sales

Bolingbrook-14

Naperville-28     2 of them were short sales

Oswego-12

Plainfield-21    2 of them were short sales

St Charles-17

The other short sale was in Montgomery.

Contact Us

Contact us if you are thinking about selling your home or purchasing.  You can request a home evaluation so we can let you know what your home is worth in today’s market.  We can also provide you with an estimate of expenses.

If you are just starting to think about purchasing a home your fist step is talking to a loan officer to get pre-qualified so you know what price range will work out for you.  You will also need this when you do find a home to go with the offer to purchase.  The seller will want to know that you are qualified before they will accept your offer.  We can make a few recommendations for you to contact.

 CFPB and Down Payment Resource are resources for you to look at.  One tells you the process of getting a loan and the other lets you know if you qualify or any assistance.

You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  If you prefer you can fill out our contact form and let us know the best way you would like us to get in touch with you.  You can search for a home anytime.   We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley Have a great week!  Market Update Fox Valley September 9 2017.

 

Market Update Fox Valley September 2 2017
Fox Valley Activity this week
Accepted offers this Week Fox Valley September 2 2017
Communities that Sellers Accepted Offers

 

Market Update Fox Valley September 2 2017

Market Update Fox Valley September 2 2017.  We hope you are enjoying your Labor Day weekend!  I am late posting this Market Update I was at my niece’s Wedding yesterday.  New Listings of single family homes were down this week.  248 this week compared to 256 last week.  Inventory of homes for sale continues to be an issue.  It has increased prices.

Closed homes this week were up.  295 this week compared to 220 last week.  This is due to the end of the month which is more desirable if you are getting a mortgage so you can bring less to closing.  The earlier in the month the more you bring in for interest if you are getting a loan.

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

Aurora-New 27 Closed 56

Batavia-New 12 Closed 10

Bolingbrook-New 16 Closed 19

Montgomery-New 8 Closed 15

Naperville-New 42 Closed 42

North Aurora-New 12 Closed 6

Oswego-New 12 Closed 10

Plainfield-New 32 Closed 45

St Charles-New 23 Closed-15

West Chicago-New 11 Closed 12

Yorkville-New 8 Closed 12

Market Update Fox Valley September 2 2017-Accepted Offers This Week

Sellers accepted more offers this week compared to last week.  256 this week compared to 213 last week.  Despite low inventory and school starting in most communities buyers are still actively looking for homes.

Short sales were also down this week.  Sellers accepted 7 this week compared to 12 last week.  Now they will move on to get approval from the mortgage company.

Offers were accepted that are contingent on the buyers home closing.  Buyers have already accepted an offer on their home but need to close before purchasing. 6 of them have a kick-out clause of 72 hours, 20 with 48 hours and 1 with 24 hours.

Sellers also accepted offers that are contingent on the buyer selling their home.  They might already have their home on the market or might not but they need a contract on their home and then need to close before purchasing. 2 have a kick-out of 72 hours and 4 with 48 hours.

Take a look at the communities that sellers accepted the most offers this week:

Aurora-37  – 1 with a short sale

Batavia-11

Bolingbrook-16 –   2 with a short sale 

Naperville- 26

Plainfield-26   –  1 with a short sale

St Charles-11  –  2 with a short sale

North Aurora was the only other community that seller accepted a short sale this week.

Contact Us

Contact us with all of your real estate questions.  We are keeping an eye on the market.  If you would like a home evaluation to let you know the value of your home in the current market let us know.

Buyers need to get pre-approved with a lender to begin looking at homes.  We can give you a few recommendations of loan officers to contact so you can decide who you think will be best to work with.  You can also go to CFPB to learn more about the loan process. Down Payment Resource is another place to go to see if you qualify for help.  You can start searching for homes anytime.

Give a call at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  If you would like to fill our our contact form instead we will get back to very soon.

We make it our business to find the perfect fit for your needs.  Best Homes Fox Valley Have a great week!