11 9 2019 Market Update Fox Valley

11 9 2019 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-  

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

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

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

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

Contracts accepted this week

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

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

Look at the communities that sellers accepted the most contracts:

Aurora-26           Bolingbrook-11         Naperville-33

Oswego-10         Plainfield-20

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

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

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

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

Month              New         Closed           Contracts accepted

January              878          407                      608

February         1,032          465                      832

March             1,731          915                  1,375

April               1,594          790                  1,307

May                2,004       1,391                 1,665

June               1,643       1,253                  1,218

July                1,423       1,029                  1,090

August           1,585       1,403                  1,211

September     1,164          765                     869

October         1,259          957                     959

November        220           176                    168

Total           14,533        9,551              11,302

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

11 2 2019-Market Update Fox Valley

11 2 2019-Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-35      Bolingbrook-15     Naperville-20

Plainfield-21     St Charles/Campton Hills-14

Yorkville-11

3 Shorts sales were accepted this week by sellers.  1 each in Aurora, Bolingbrook and West Chicago.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  7 with a kick-out clause of 72 hours and 10 with 48 hours.

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

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

2019 look at activity by the month

Month             New             Closed         Contracts accepted

January            878               407                 608

February       1,032               465                 832

March           1,731               915              1,375

April             1,594               790              1,307

May              2,004            1,391             1,665

June             1,643            1,253              1,218

July              1,423            1,029              1,090

August         1,585             1,403             1,211

September   1,164                765                869

October       1,259                957                959 

Total          14,313            9,375           11,134

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

Contact us

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

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

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

Take a look at some great resources:

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

10 19 2019 Market Update Fox Valley

10 19 2019 Market Update Fox Valley

10 19 2019 Market update Fox Valley.  We are having gorgeous weather right now here in Illinois.  Fox Valley market is still moving along. New listings of single family homes this week were down slightly.  259 this week compared to 275 the week before.

Closed listings of single family homes were consistent this week.  167 this week compared to 165 the week before.  Numbers should go up as we get closer to the end of the month.

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

Aurora-New 29 $69,000-$649,000

            Closed-23 $97,500-$420,000

Batavia-New 14 $228,500-899,900

             Closed-9 $135,200-$533,801

Bolingbrook-New 18 $139,900-$399,900

                     Closed-12 $140,000-$375,000

Geneva-New 16 $275,000-$848,900

             Closed-6 $212,000-$514,900

Montgomery-New 10 $155,000-$299,900

                     Closed-5 $165,000-$248,000

Naperville-New 33 $264,900-$2,250,000

                 Closed-23 $211,000-$1,265,000

Oswego-New 16 $122,000-$675,000

              Closed-7 $189,000-$468,000

Plainfield-New 35 $167,000-$925,000

               Closed-30 $170,000-$530,834

St Charles/Campton Hills-

               New-18 $214,900-$650,000

              Closed-10 $140,000-$425,000

Yorkville-New 12 $219,900-$495,000

              Closed-6 $160,000-$339,000

You should be able to click on the picture above to make it bigger so you can see how the other communities did and the price ranges.  Some communities are on this list every week.  They are more active.  This makes a difference when you are looking for a home.  You always have to think about resale.

Contracts accepted this week

10 19 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were very consistent. 193 this week compared to 192 the week before.  Buyers are still out there looking.  If you price your home according to location and condition it should sell.  If not you will need to lower price or start fixing it up.  Not everyone looking wants to take on projects.

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

Aurora-24            Bolingbrook-13

Naperville-37       Plainfield-28       

St Charles/Campton Hills-15

Short sales accepted by sellers this week were still low.  5 this week.  1 each in Batavia, Bristol, Naperville, St Charles/Campton Hills and Sugar Grove. Now they will be submitted to the lender to see if they will also accept.

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

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  7 with a kick-out clause of 48 hours.

2019 by the month

I think it is interesting to see the totals by the month for New listings of single family homes, closed and contracts accepted so you can see how they change.

2019 by the month:

                        New         Closed         Contracts accepted

January               878         407              608

February          1,032         465              832

March             1,731         915           1,375

April               1,594         790           1,307

May                2,004      1,391           1,665

June               1,643       1,253          1,218

July                1,423       1,029          1,090

August           1,585       1,403           1,211

September     1,164          765              869

October            825          567              580

Totals          13,879       8,985         10,755

Not all homes that come on the market sell.  Some of them cancel the listing or they either need to adjust price or make some updates.  Paint does wonders!

Contracts accepted does not mean they will close.  The majority of them do but some of them might run into issues with the home inspection that they can not come to an agreement.  Sometimes when they do a more in-depth credit check things show up that can’t be resolved in time. 

Having an experienced REALTOR® and good real estate attorney makes all the difference in getting through issues that come up.

Contact us

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

Check our some resources:

Also check with your loan officer to see if they offer any help.  Sometimes they can combine help or offer better help with closing costs.

10 19 2019 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Another way to search for a home.  You can sign up for free and it also has a chat feature.  Let us know what you think.

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.