Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022

Fox Valley home prices March 19 2022.  Every Saturday we take a look at what happened for the week in the real estate market in Kane & Kendall County areas of Illinois.  We highlight the communities with the most activity and the price ranges, median prices, financing used, 2022 by the month and which communities seller’s accepted the most contracts.  If there is other information you would like us to include, please let us know.

New listing this week on single family homes were almost exactly the same as the week before.  185 this week compared to 184 the previous week.

Closed listings this week increased.  176 this week compared to 150 the previous week.  They should increase as we get closer to the end of the month.

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

Aurora-New 27 $157,000-$599,000

            Closed-21 $175,000-$695,000

Bolingbrook-New 13 $229,900-$875,000

                    Closed-13 $200,000-$660,000

Geneva-New 14 $269,900-$950,000

             Closed-7 $340,000-$950,000

Naperville-New 45 $389,000-$1,349,990

                 Closed-30 $280,000-$2,524,000

Plainfield-New 18 $200,000-$1,250,000

                Closed-17 $286,500-$532,450

St Charles-New 12 $149,900-$765,000

                  Closed-10 $199,900-$1,550,000

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

The median list price of a single family home this week was $389,950, last week $383,675.  Median closed price was $372,250 this week, last week $383,000.  Average market time this week was 10 days with 39 days to close, the week before average 14 days active with 39 days to close.

Stats 031922
Stats for week ending March 19, 2022

Conventional financing was used to close on 119 single family homes with a median price of $395,000 with 42 days average market time, last week 111 single family homes with a median price of $390,000 with 30 days average market time.

CONV 031922
Conventional financing used to close for week ending March 19, 2022

Cash was used to close on 24 homes this week with a median price of $385,000 and 32 days average market time, last week 16 homes with median price of $373,500 with 89 days average market time.

Cash 031922
Cash used to close for week ending March 19, 2022

FHA financing was used to close on 24 homes this week with a median price of $287,500 with 26 days average market time, last week 20 homes with median price of $327,500 with 47 days average market time.

FHA 031922
FHA financing used to close week ending March 19, 2022

VA financing was used to close on 9 homes with median price of $419,900 with 66 days average market time, last week 3 homes with median price of $500,000 with 30 days average market time.

VA 031922
VA financing used to close for week ending March 19, 2022

People looking for at least 2,000 square feet or more closed on 100 homes at median price of $451,750 this week with 50 average days on market, last week 89 homes with median price of $450,000 with 38 average days on market.  Minimum price this week was $175,000, last week $192,000.

2000 SF or more 031922
2,000 SF or more closed for week ending March 19, 2022

Contracts accepted this week

Fox Valley home prices March 19 2022-Contracts accepted this week

Contracts accepted by seller’s this week increased.  237 this week compared to 218 the previous week.

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

Aurora-33                      Bolingbrook-11

Geneva-10                       Naperville-47

Oswego-11                       Plainfield-35

St Charles-16                  Yorkville-10

2 short sales were accepted by seller’s this week.  1 each in Plainfield and West Chicago.  Now they will be submitted to the lender to see if they will also accept.

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

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

24 days was the average market time for the homes that seller’s accepted a contract this week with a median price of $387,000, last week 27 days average market time with median price of $394,750.

Contingent Stats 031922
Stats for contingent homes week ending March 19, 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        523         520               724

March            566         733                668

Totals       1511    1745         2015

Check back with us every Saturday for the real estate update.  At the end of each month we will take a look back at 2021 and 2020 so you can compare how this year is going.

Contact us

Call us at 63-503-6555 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Request a home valuation if you are thinking about selling.  Tell us a little bit about your home and what has been recently updated.  We will let you know what it might sell for and give you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year get in touch with a loan officer..  Get them all your financial information so they can run you through underwriting and get you conditionally approved.  You need to take this extra step if you need to get financing.  As you can see above conventional financing is the one seller’s are most willing to accept at this time.

It is a great time to sell and can be frustrating to be a buyer right now.  Persistent, patience and putting your best foot forward will help you.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Click on these links above for some good information.  Interest rates depend on your credit score so check with your lender to see what they will offer you.  They can also help you increase your credit score.

All data provided is from our MLS MRED, LLC.

You can go to my facebook page Best Homes Fox Valley to “shop now” or sign up for email alerts.

Fox Valley home prices March 19 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

 

Fox Valley home prices March 12 2022

Fox Valley home prices March 12 2022

Fox Valley home prices March 12 2022.  Every community in the Fox Valley area of Illinois has a little different pricing.  It is good to know what they are, so you can decide on the community that you will have the most success finding the home that is right for you.

New listings this week on single family homes were slightly lower.  184 this week compared to 197 the previous week.

Closed listings this week on single family homes were also lower.  150 this week compared to 174 the previous week. 

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

Aurora-New 22 $135,000-$750,000

             Closed-25 $135,000-$660,000

Bolingbrook-New 11 $243,000-$550,228

                   Closed-12 $180,000-$432,200

Naperville-New 35 $349,900-$2,249,000

                  Closed-19 $303,000-$1,020,000

Plainfield-New 19 $300,000-$729,900

                Closed-20 $165,000-$640,000

Sandwich-New 11 $130,000-$349,900

                 Closed-4 $315,000-$480,000

St Charles-New 16 $325,000-$975,000

                  Closed-15 $225,000-$1,650,000

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

The median list price this week $383,675, last week $375,000.

Median closed price this week $383,000, last week $365,000 with 14 days average market time and 39 days to close.

Stats 031222
Stats for the week ending March 12, 2022

Conventional financing was used to close on 111 single family homes this week with average market time 30 days, last week 123 at median price of $385,548 with average market time 41 days.

Conv 031222
Conventional financing used for week ending March 12, 2022

Cash  was used to close on 16 single family homes at median price of $373,500 with average market time of 89 days, last week 19 at median price of $326,000 with average market time of 25 days.

Cash 031222
Cash used to close week ending March 12, 2022

FHA financing used to close on 20 single family homes at median price of $327,500 with average market time of 47 days, last week 22 homes at median price of $275,750 with average market time of 35 days.

FHA 031222
FHA financing used to close week ending March 12, 2022

VA financing was used to close on 3 homes at median price of $500,000 with average market time of 30 days, last week 9 homes at median price of $365,000 with average market time of 55 days.

VA 031222
VA financing used to close for week ending March 12, 2022

Homes that were 2,000 square feet or more closed on 89 with a median price of $450,000 this week with average market time 38 days, last week 95 homes at median price of $436,000 with average market time of 45 days.  The minimum price this week was $192,000, last week the minimum price was $217,000.

Conventional financing is still the #1 type of financing used and accepted by seller’s right now.

Contracts accepted this week

Fox Valley home prices March 12 2022-Contracts accepted this week

Contracts accepted this week are staying pretty consistent.  218 this week compared to 213 the previous week.

Aurora-24                          Bolingbrook-18

Geneva-12                          Naperville-45

Plainfield-23                      St Charles-23

Yorkville-12

No short sales were accepted by seller’s this week.  That does not mean that they are not out there trying to sell.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 48 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 48 hours.

The median price on homes that went under contract this week was $394,750 with average market time of 27 days.

Contingent Stats 031222
Contracts accepted stats for week ending March 12, 2022

2022 by the month

Month                           New   Closed   Contracts accepted

January                                       422        492              623

February                                     523        520              724

March                                          381        557              431

Totals                          1326    1569       1778

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

Contact us

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

It is still a seller’s market here in the Fox Valley.  Prices continue to rise because of the low inventory of homes for sale.  This is a great time to be a seller.  It is frustrating to be a buyer.

Request a home valuation if you are thinking about selling your home and want to know what the value is in today’s market.  Give us some information about your home and what has recently been updated.  We will let you know what the expenses to sell might be.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Get in touch with a loan officer and get them all your financial information and have them run you through underwriting so you are approved subject to the address, appraisal and title work if you are thinking about buying.  You have to be ready to go in this market .  It moves fast and if you haven’t completed this you will lose out on a home.

Set up email alerts so you receive listings as they hit the market so you don’t miss out on anything.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer for the interest rate you will be offered.  It depends on your credit score.  They can also help you to bring your score up.

Hover and click your mouse over anything that is underlined and in darker print for links to the information.

All data used today is from our MLS-MRED,LLC.

If you are looking for attached homes let us know when you contact us either by filling out the form or call us.

Fox Valley home prices March 12 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices March 5 2022

Fox Valley home prices March 5 2022

Fox Valley home prices March 5 2022.   We hope for peace soon for Ukraine.  The pace of new listings of single family homes coming on the market picked up slightly.  197 this week compared to 163 the week previously.

Closed listing also picked up.  174 this week compared to 128 the week previously.

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

Aurora-New 20 $124,900-$749,900

            Closed-24 $170,000-$600,000

Bolingbrook-New 13 $239,900-$899,900

                    Closed-14 $180,000-$560,000

Naperville-New 40 $249,000-$2,950,000

                 Closed-21 $340,000-$1,425,000

Oswego-New 15 $244,900-$1,450,000

             Closed-13 $293,200-$682,200

Plainfield-New 24 $218,000-$600,00

                Closed-23 $251,101-$665,000

St Charles-New 17 $274,900-$3,299,000

                  Closed-8 $235,000-$720,000

Yorkville-New 12 $326,900-$464,900

               Closed-16 $172,500-$602,500

Click on the photo above to take a look at the other communities that also had activity this week.

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

Median list price on single family homes this week $375,000, last week $385,000.

Closed median price this week $365,000, last week $343,500.  The average days active this week 24 days with 39 to close.  Previous week average days active 8 days with 42 days to close.

Stats 030522
Stats for week ending March 5 2022

Conventional financing was used to close 123 homes this week with a median price of $385,548 with average market time 41 days, last week 90 homes at median price of $375,000 with 40 days average market time.

Conv 0030522
Conventional Financing used week ending March 5 2022

Cash was used to close on 19 homes this week at median price of $326,000 with 25 days average market time, last week 13 homes at median price of $275,000 with 57 days average market time.

Cash 030522
Cash used to close week ending March 5 2022

FHA financing was used to close on 22 homes this week with  a median price of $275,750 in 35 days average market time, last week 19 homes at median price of $290,000 in 54 days average market time.

FHA 030522
FHA financing used to close week ending March 5 2022

VA financing was used to close on 9 homes this week with a median price of $365,000 in 55 days average market time, last week 4 homes at median price of $269,494 in 24 days average market time.

VA 030522
VA financing used to close week ending March 5 2022

95 homes that are at least 2,000 square feet or more closed this week at a median price of $436,000 in 45 days average market time, last week 68 homes closed at median price of $420,995 in 47 days average market time.  The minimum price this week was $217,000, last week $160,000.

2000 SF or more 030522
Homes that are 2,000 SF or more week ending March 5 2022

Contracts accepted this week

Fox Valley home prices March 5 2022-Contracts accepted this week

Contracts accepted this week  were slightly up.  213 this week compared to 191 the previous week.  With more new listings this week we should see this number go up next week.

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

Aurora-30                          Bolingbrook-10

Geneva-10                          Naperville-51

Oswego-12                         Plainfield-31

St Charles-13

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

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 48 hours, 1 with 24 hours and also 1 that we do not know how much time they gave them.

Of the 213 homes that went under contract this week average days on market was 37 days with median price of $397,500.

Contingent Stats 030522
Contingent Stats for the week ending March 5 2022

 2022 by the month

Month        New   Closed   Contracts accepted

January          422         492                623

February        523         520                724

March            197          174                 213

Totals      1142     1186         1560

Check back with us every Saturday for the Fox Valley home prices market update.  At the end of each month we will also show you 2021 and 2020 so you can see a comparison.

Contact us

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

If you are waiting for spring market to sell there is no reason to wait unless the timing is off for you.  Buyers are waiting for homes to hit the market.  Request a home valuation and tell us a little bit about your home.   Let us know what has recently been updated.  We will let you know what it is worth in today’s market and provide you with an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to get all your financial information to a loan officer so they can get you through the process of getting approved so you are ready to go and start looking at homes.  Let us know if you need a recommendation.

Resources-click on them to learn more

Types of loans and the process

VA loans and the requirements

Current interest rates 

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rate they will be offering you.  It depends on your credit score what interest rate you are offered.

We are here to guide you through the process.  There is more too it besides getting an offer accepted.  

All data used is from our MLS MRED, LLC. 

Fox Valley home prices March 5 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today! Set up email alerts.

Kriss New profile for FB 123121

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022

Fox Valley home prices February 26 2022.  We end this last week of February with a bright sunny day and a slight increase in new listings of single family homes.  163 this week compared to 137 the previous week.

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

Aurora-New 17 $189,000-$589,000

            Closed-20 $160,000-$467,000

Geneva-New 10 $275,000-$689,500

            Closed-8 $335,000-$580,000

Naperville-New 41 $325,000-$1,699,000

                 Closed-17 $306,000-$1,650,000

Plainfield-New 16 $279,000-$850,000

                Closed-19 $215,000-$492,500

St Charles-New 10 $269,900-$1,485,000

                  Closed-7 $247,500-$400,001

Naperville saw the most new listings this week with Aurora having the most closed.  Multiple offers is still the norm for the foreseeable future.

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

Median list price this week $385,000, last week $375,500.

Closed median price this week $343,500, last week $374,355.

8 days average active this week with 42 average days closed. last week 16 days average active with 54 average days closed.

Stats 022622
Median prices for the week ending February 26 2022

Conventional financing was used to close 90 homes this week with median price of $375,000 with average market time 40 days, last week 88 with median price of $397,262 with average market time 57 days.

Conv financing 022622
Conventional financing used week ending February 26 2022

Cash was used to close 13 homes median price of $275,000 with 57 average market days, last week 15 homes median price $477,500 with 65 average market time.

Cash 022622
Cash used to close for week ending February 26 2022

FHA financing was used to close on 19 homes median price $290,000 with 54 average market days, last week 11 homes median price $258,000 with 31 average market time.

FHA 022622
FHA financing used for week ending February 26 2022

VA financing was used to close on 4 homes this week median price of $269,494 with 24 average market time, last week 7 homes median price of $330,000 with 19 days average market time.

VA 022622
VA financing used for week ending February 26 2022

68 homes closed this week that were 2,000 square feet or more median price $420,995 with 9 days average active and 47 days average market time to close, last week 72 homes median price of $452,500 with 16 days average active and 50 days average market time to close.  The minimum price this week that closed was $160,000, last week $279,900.  What a difference a week makes!

2000 SF or more 022622
2,000 SF or more week ending February 26 2022

Contracts accepted this week

ox Valley home prices February 26 2022-Contracts accepted this week

Contracts accepted this week were pretty consistent.  191 this week compared to 187 the previous week.  If new listings pick up we would see this number increase.  Buyers are waiting.

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

Aurora-28                      Bolingbrook-16

Naperville-32                 Oswego-12

Plainfield-19                   St Charles-16

These are the communities that consistently see activity week after week.

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

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

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

The median price of homes that went under contract this week was $360,000 with a average market time of 30 days, last week median price was $369,900 with 42 days average market time.

Contingent Stats 022622
Contracts accepted Stats for week ending February 26 2022

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

2022

Month        New   Closed   Contracts accepted

January          422         492              623

February        523         520              724

Totals        945     1012        1347

2021

January          543         649              829

February        561          604              778

Totals       1104     1253        1607

2020

January         1105         566              858

February       1267         529            1024

Totals       2372     1095       1882

Take a look at the numbers and you can see why prices are rising the way they are. January and February are usually slower months.  Last year March increased dramatically.

This is the last full week of February.  Monday the 28th will be added to March.  Check back with us every Saturday for the market update.

Contact us

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

This is a fantastic time to be a seller!  By the time you get to closing the temperatures will be better for moving.  Request a home valuation and we will give you and estimate of what your home is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell.  The net proceeds will be updated when an offer comes in and we know all the terms so you can see what you will walk away with so you can make a good decision.

If you want to be a buyer you have to be patient and aggressive.  You will be up against multiple offers so you need to be aggressive with pricing and patient because not everyone can win.  If you need to get financing you have to get all your financial information to a loan officer and go through underwriting so all you need is to update title and order appraisal.  Anything less will not get accepted.  No more waiting until the weekend to look because it will be gone by then.

We will guide you through the process and let you know what needs to be done.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates*

Down payment assistance

IHDA programs

*Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  They will help you if you need to bring it up.

All data used is from our MLS  MRED,LLC.

Let us know if we can set you up to receive email alerts when a home hits the market.  Just let us know the area, price range and any other criteria.

Fox Valley home prices February 26 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

 

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022.  Winter months are usually the slowest time of the year. Hang in there a couple more weeks. Spring market is right around the corner.

The market picked up 27 more listings of single family homes this week than the previous week.  137 this week compared to 110 the week before.

Closed listings saw a small increase as well.  121 this week compared to 107 the previous week.

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

Aurora-New 22 $134,900-$649,900

            Closed-18 $104,000-$655,000

Bolingbrook-New 7 $189,000-$519,000

                   Closed-10 $267,900-$425,000

Naperville-New 23 $305,000-$2,995,000

                 Closed-20 $320,000-$1,200,000

Oswego-New 11 $250,000-$437,740

             Closed-5 $330,200-$416,990

Plainfield-New 15 $129,900-$805,900

                Closed-14 $185,000-$859,000

St Charles-New 12 $340,000-$1,200,435

                  Closed-9 $175,000-$831,000

Other communities had activity that you can check out on the photo above.  We can also set you up to receive listings of homes in an area that you choose.  Let us know what you are looking for and where and we can set you up to receive as they hit the market so you don’t miss out on a thing.

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

The median list price this week of single family homes was $375,500, last week $345,000.

Homes that closed this week had a median closed price of $374,355. last week $341,000.

Stats February 19 2022
Stats February 19 2022

Conventional financing was used to close on 88 homes with a median price of $397,262, last week 73 homes with median price of $387,000.

Conventional Financing February 19 2022
Conventional Financing February 19 2022

Cash was used to close on 15 homes this week with a median price of $477,500, last week also 15 homes with a median price of $284,500.

Cash February 19 2022
Cash February 19 2022

FHA financing was used to close on 11 homes with a median price of $258,000, last week 16 homes at a median price of $262,500.

FHA Financing February 19 2022
FHA Financing February 19 2022

VA financing was used to close on 7 homes at a median price of $330,000, last week 3 homes at a median price of $290,000.

VA financing February 19 2022
VA financing February 19 2022

72 homes closed that were 2,000 SF or more this week with a median price of $452,500, last week 58 homes at a median price of $422,495.  The minimum price this week $279,900, last week $152,000.

2000 SF or more February 19 2022
2000 SF or more February 19 2022

Contracts accepted this week

Fox Valley home prices February 19 2022-Contracts accepted this week
Fox Valley home prices February 19 2022-Contracts accepted this week

Contracts accepted this week were slightly up.  187 this week compared to 176 the previous week.  Until more homes come on the market the numbers are not going to move very much.

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

Aurora-26                        Bolingbrook-14

Montgomery-10                Naperville-31

Plainfield-30

No short sales were accepted this week.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 48 hours.

The median price of homes that went under contract this week was $369,900 with average market time of 42 days.  Last week the median price was $379,900 with average market time of 40 days.

Stats Contracts accepted February 19 2022
Stats Contracts accepted February 19 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492              623

February        360         392              533

Check back with us every Saturday.  Next week will be the last full week of February so we will also include 2021 and 2020 so you can see how this year is going compared to those 2 years.

Contact us

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

It is an awesome time to sell!  Prices are up since there is so little inventory of homes.  Request a home valuation and tell us a little bit about your home.  What have you updated recently?  We will give you a estimate of what your home would sell for in today’s market.  Included will be a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Get all your financial information together and get it to a loan officer so they can give you a letter showing what you are pre approved for.  Make sure you find a loan officer that will run your information through with their underwriters so you are ready to go.  Once you find a home and get it accepted all you need to wait for is updating the title and getting the appraiser out there.

We will guide you through the process every step of the way.

Resources

Types of loans and the process

VA loans and the process

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score.  If you need to work on it they will help you.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices February 19 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022.  Consistent it is, but we are waiting for it to let loose.  Will that happen this year?  So far, we are below last years numbers.

New listings of single family  homes is 110, last week 113.  That is pretty steady numbers.

Closed listing this week 107, last week 164.  The number should increase as we head into the end of the month when most buyer’s want to close.

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

Aurora-New 23 $130,000-$715,000

            Closed-18 $150,000-$985,000

Naperville-New 21 $290,000-$1,250,000

                 Closed-15 $266,000-$826,000

Plainfield-New 13 $235,000-$659,900

The photo above shows the other communities that had activity this week.  You can see why it is an awesome time to be a seller.  There is no real competition.

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

Median price of new listings of single family homes this week is $345,000, last week $375,000.

Closed this week median price is $341,000, last week $344,000.

Stats for February 12 2022
Stats for February 12 2022

Conventional financing was used to close 73 single family homes this week at a median price of $387,000, last week 113 homes at median price of $381,000.

Conventional financing used February 12 2022
Conventional financing used February 12 2022

Cash was used to close 15 homes this week at a median price of $284,500, last week 23 at a median price of $281,615.

Cash used February 12 2022
Cash used February 12 2022

FHA financing was used to close 16 homes this week at a median price of $262,500, last week 22 homes at a median price of $306,000.

FHA financing used February 12 2022
FHA financing used February 12 2022

VA financing was used to close 3 single family homes this week at median price of $290,000, last week 6 homes at  median price of $301,500.

VA financing used February 12 2022
VA financing used February 12 2022

The type of financing you use became a big deal in 2021.  There were so many multiple offer situations seller’s had a choice of which offer to accept, and of course, cash always came first.  Not everyone has cash to purchase so Conventional was their next choice.  It was hard for buyer’s to understand this at first.  We would tell them to also get pre approved for Conventional when they would show us that they were pre approved for FHA.

58 single family homes closed that were 2,000 square feet or more this week at a median price of $422,495, last week 98 closed at median price of $426,000.  The minimum price that closed this week was $152,000, last week it was $85,000.

2000 SF or more February 12 2022
2000 SF or more February 12 2022

More square feet became very important after the pandemic hit.  So many people were working from home and needed a home office or just extra space in general.

Contracts accepted this week

Fox Valley home prices February 12 2022-Contracts accepted this week

Contracts accepted on single family homes were consistent.  176 this week compared to 170 the previous week.

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

Aurora-29                       Bolingbrook-13

Naperville-24                  Oswego-11

Plainfield-26                   St Charles-13

2 short sales were accepted by seller’s.  1 each in Bolingbrook and Naperville.  Now they will be submitted to the lender to see if they will also accept.

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

The median price of single family  homes that went under contract this week was $379,000 with an average market time of 40 days, last week the median price was $349,900 with an average days on market also 40 days.

Contingent Stats February 12 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        223         271                346

Check back with us every Saturday.  At the end of each month we will also show you 2021 and 2020 so you can see how this year compares.

Contact us

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

Request a home valuation if you are thinking about selling your home. We will let you know how much it is worth in today’s market.  Also, we will provide you with a net proceeds that shows you an estimate of the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year call a loan officer and get pre approved.  Get them all your financial documents so they can put it through underwriting so when you find a home all you will need to wait for is the appraisal and title update.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they will offer you.  It depends on your credit score.  They will help you if you need to bring up your score.

Let us know what other information you are looking for.  We would be happy to get it to you or point you in the right direction.

All data provided is from our MLS MRED, LLC.  This is from the data I downloaded this morning.  It changes all the time in real time.

Fox Valley home prices February 12 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!   

Kriss New profile for FB 123121

Fox Valley home prices February 5 2022

ox Valley home prices February 5 2022

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

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

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

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

            Closed 40 $85,000-$569,500

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

                    Closed-14 $235,000-540,000

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

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

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

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

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

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

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

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

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

Stats 020522
Stats February 5 2022

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

Conv 020522
Conventional financing used this week

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

Cash 020522
Cash used for the week February 5 2022

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

FHA 020522
FHA financing used the week of February 5 2022

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

VA 020522
VA financing used the week of February 5 2022

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

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

Contracts accepted this week

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

Fox Valley home prices February 5 2022-Contracts accepted this week

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

Aurora-27                      Bolingbrook-14

Geneva-10                      Naperville-20

Oswego-14                     Plainfield-20

St Charles-13                 Yorkville-10

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

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

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

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

Stats Contingent 020522
Contingent Stats February 5 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February         113          164               170

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

Contact us

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

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

Request a home valuation if you are thinking about moving and selling your home.  Tell us a little bit about your home and what has been updated recently.  We will let you know what it is worth in today’s market.  You will also be provided a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources

Types of loans and the process

VA loans and the requirements

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

Down payment assistance

IHDA programs

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

All data used is form our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices January 29 2022

Fox Valley home prices January 29 2022

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

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

Closed listings this week 121, last week 122.

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats January 29 2022
Stats January 29 2022

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

Conventional financing used January 29 2022
Conventional financing used January 29 2022

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

Cash used January 29 2022
Cash used January 29 2022

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

FHA used January 29 2022
FHA used January 29 2022

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

VA used January 29 2022
VA used January 29 2022

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

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

2000 or more SF January 29 2022
2000 or more SF January 29 2022

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

Contracts accepted this week

Fox Valley home prices January 29 2022-Contracts accepted this week

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

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

Auroro-24                         Naperville-22

Plainfield-22                     St Charles-12

Winfield-10                       Yorkville-15

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

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

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

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

2022

Month             New   Closed   Contracts accepted

January                  422         492                623

2021

January                  543         649                829

2020

January                 1105         566                858

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

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

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

Contact us

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

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

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

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices January 22 2022

Fox Valley home prices January 22 2022

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

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

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

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

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

            Closed-7 $85,000-$410,000

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

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

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

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

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

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

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

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

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

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

Stats January 22 2022
Stats January 22 2022

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

Conventional financing January 22 2022
Conventional financing January 22 2022

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

Cash used to close January 22 2022
Cash used to close January 22 2022

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

FHA financing used January 22 2022
FHA financing used January 22 2022

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

VA financing used January 22 2022
VA financing used January 22 2022

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

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

Contracts accepted this week

Fox Valley home prices January 22 2022-Contracts accepted this week

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

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

Aurora-29                      Bolingbrook-10

Naperville-28                 Plainfield-18

St Charles-13

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

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

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

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

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

2022 by the month

Month        New   Closed   Contracts accepted

January           310         371                445

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

Contact us

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

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

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

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

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

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

All data used is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kriss New profile for FB 123121

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022.  This is the 2nd full week of 2022.  The real estate market is off to a slow start with new listings.  94 this week compared to 106 the previous week.

Closed listings this week are staying consistent.  127 this week compared to 122 the previous week.

January and February are usually slower months.  It is a great time to list your home now if timing is not an issue.  You can get ahead of the spring market.  Buyers are still out there waiting for something to come on the market.

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

Aurora-New 14 $194,500-$679,000

            Closed-14 $80,000-$515,000

Naperville-New 19 $379,900-$1,499,500

                 Closed-20 $205,000-$1,333,000

Plainfield-New 8 $289,900-$585,658

                Closed-13 $285,000-$520,000

St Charles-New 8 $179,900-$707,000

                  Closed-15 $150,000-$1,052,500

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

The median list price of single family homes this week was $350,000, last week $362,500.

Closed median price this week was $331,000, last week $367,500.

Stats January 15 2022
Stats January 15 2022

Conventional financing is still the most used or accepted by seller’s.  90 this week with a median price of $365,000, last week 83 at $408,000 median price.

Cash was used for 18 homes to close this week with a median price of $282,500, last week 17 at $355,000 median price.

Conventional and Cash used January 15 2022
Conventional and Cash used January 15 2022

FHA was used for 18 homes to close at a median price of $258,500 this week, last week 14 closed with $270,500 median price.

VA financing was used to close 1 home at a price of $432,990 this week, last week 6 homes closed at $344,495 median price.

FHA and VA financing used January 15 2022
FHA and VA financing used January 15 2022

Buyers looking for a single family home that is at least 2,000 or more square feet closed on 70 homes at a median price of $434,000 this week, last week they closed on 76 homes at a median price of $465,750.

The minimum price for 2,000 square feet or more closed this week at a price of $235,000, last week $240,000.

2000 Square feet or more January 15 2022
2000 Square feet or more January 15 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          200         249               282

Check back with us every Saturday.  At the end of each month we will compare to 2021 and 2020 so you can see how the market is doing.

Contracts accepted this week

Fox Valley home prices January 15 2022-Contracts accepted this week

Contracts accepted this week on single family homes was up.  172 this week compared to 110 the previous week.  Buyers are out there waiting for homes to come on the market.  So many of them were in multiple offer situations on homes that were not chosen and are still looking.  No need to wait to put your home on the market.

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

Aurora-29                   Bolingbrook-15

Naperville-19              Plainfield-27

St Charles-10

These communities are consistently on this list every week.

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 48 hours.

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

If you need me to explain what this means just give me a call and I will be happy to explain it to you.

Contact us

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

Do you need help with a divorce situation or an estate? If you want to know what your next steps are call us and we will explain the process.  Of course you will also need to contact a real estate attorney.  

Request a home valuation to see what your home is worth in today’s market.  We will also give you an estimate of what your expenses might be to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Plan ahead!  Contact a loan officer and get them all your financial information so they can get you pre approved. Then you will be ready to start looking.

Resources:

Types of homes and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan office to see what interest rate you qualify for with your credit score.  If you need to bring your score up to get a better rate they can help you.  Ask them if they offer any assistance.

All data used is from our MLS MRED, LLC.

If you would like to be set up to receive listings let us know what area you are looking for, the price range, and how many bedrooms you need.  Any other things that you are looking for that you would like in your search.  You have choices to get the information as it hits the market or you can choose to receive it at certain times of the day. 

We want to make the home buying or selling process as good of an experience as we can.  We have had years of experience and stay on top of things.

Fox Valley homes prices January 15 2022.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

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