Fox Valley Real Estate Market Update Week 38

Fox Valley Real Estate Market Update Week 38-Cover

Fox Valley real estate market update week 38.  New listings of single family homes were up.  233 this week compared to 202 the week before.  Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down.  232 this week compared to 249 the week before.  The last week of the month ends next Thursday.  They should increase next week.

Fox Valley Real Estate Market Update Week 38

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

Aurora-New 44 $95,000-$495,000

            Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

             Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

                   Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

            Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

                 Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

             Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

                Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

                  Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

               Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct.  You don’t see that very often.

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

Median list price of single family homes this week was $350,000, last week $349,900.  

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521
Median list and closed price

Prices and not changing that much.  They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting.  163 closed this week compared to 183 the week before.

Cash is king but not offered as much.  25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash
Conventional and Cash

FHA financing is not getting accepted by seller’s as much.  37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA
FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000.  This gives you an idea of size of homes closed in the Fox Valley area and prices.  This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more
2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up.  277 this week compared to 268 the week before.  It all depends on what is listed throughout the week and what location.  Buyer’s are waiting on new listings to come on the market.

Fox Valley Real Estate Market Update Week 38-Contracts accepted this week

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

Aurora-47                        Bolingbrook-22

Geneva-13                        Montgomery-14

Naperville-43                   Oswego-17

Plainfield-39                     Yorkville-19

2 short sales were accepted by seller’s this week.  1 each in Naperville and Plainfield.  Now they will be submitted to the lender to see if they will also accept.  Most people that are struggling with making their payments don’t have to go the short sale route.  Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

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

2021 by the month

Month        New     Closed     Contracts accepted

January          543            649                   829

February        561             604                   778

March            993            1099                 1455

April             1006             926                 1387

May              1088            1288                 1289

June             1450            1686                 1671

July              1118             1182                  1210

August          1109            1203                  1170

September     878            1073                 1003

Totals       8746       9710          10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year..  Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved.  They go back on the market and receive another contract. 

You can see how tight the market is.  Prices will keep on increasing until inventory exceeds buyer demand.

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

Thinking about buying a home?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking.  They will give you a letter showing what you are pre approved for that will go with an offer when you find a home.  This needs to be 30 days old or less.  If it is more than that you will need them to update it.

Resources:

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

It has been a crazy market throughout this pandemic.  People have not stopped the need for a home.  In most cases it has made it more important.

Fox Valley real estate market update week 38.  Have a great week!

Kristine Heiman, SFR. SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley real estate market update week 38-Kristine Heiman Managing Broker

Fox Valley Real Estate Market Update Week 37

Fox Valley Real Estate Market Update Week 37-Cover

Fox Valley real estate market update week 37.  New listings of single family homes are down.  202 this week compared to 239 the week before.  We are heading in the wrong direction.  Buyers are still out there trying to find a home.  There is not as many offers as before.  Still multiple offers, but not as many.

Closed listings of single family homes was up.  249 this week compared to 205 the week before.  This should increase as we head into the end of the month when most buyers want to close.

Fox Valley Real Estate Market Update Week 37

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

Aurora-New 28 $134,900-$469,000

            Closed-39 $155,000-$510,000

Batavia-New 3 $284,900-$635,000

             Closed-10 $239,900-$690,000

Bolingbrook-New 20 $224,900-$450,000

                    Closed-16 $100,000-$467,000

Geneva-New 5 $220,000-$889,000

             Closed-10$260,000-$510,000

Montgomery-New 4 $225,000-$369,999

                     Closed-11 $190,000-$390,000

Naperville-New 38 $269,900-$6,990,000

                 Closed-25 $335,000-$1,409,945

Oswego-New 11 $320,000-$489,900

             Closed-12 $280,500-$495,000

Plainfield-New 22 $199,500-$575,000

                Closed-38 $181,000-$611,000

St Charles-New 15 $149,500-$1,250,000

                  Closed-17 $275,000-$995,000

West Chicago-New 6 $240,000-$565,000

                       Closed-15 $190,000-$555,000

Yorkville-New 12 $249,000-$449,900

               Closed-13 $185,000-$490,000

Financing, median prices and 2,000 sf or more

Median list price this week $350,000, last week it was also $350,000.

Closed median price this week $335,000, last week $340,000. So we are starting to see prices stabilizing or coming down a little bit.

Fox Valley Real Estate Market Update Week 37-Stats 091821
Median list and closed price

Conventional financing chosen this week 183, last week 161.

Cash was chosen this week 21, last week also 21

Fox Valley Real Estate Market Update Week 37-Conventional and Cash 091821
Conventional and Cash

FHA was chosen this week 39, last week 20.

VA was chosen this week 6, last week 3.

Fox Valley Real Estate Market Update Week 37-FHA and VA 091821
FHA and VA

People looking for a home that is 2,000 square feet or more this week 136 homes out of 249 with median price of $409,500 and minimum price $218,000.  This gives you an idea of the size of home and price range for the area in the Fox Valley.

Fox Valley Real Estate Market Update Week 37-2000 or more square feet
Homes 2,000 SF or more

Contracts accepted this week

Contracts accepted this week on single family homes by seller’s was up.  268 this week compared to 207 the week before.  It is still a good time to sell.  Buyers are still out there hoping for homes to come on the market.

Fox Valley Real Estate Market Update Week 37-Contracts accepted this week

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

Aurora-45                      Batavia-10

Bolingbrook-20               Geneva-11

Montgomery-15              Naperville-42

Oswego-11                      Plainfield-36

St Charles-22                Yorkville-11

There 2 short sales accepted by seller’s this week.  Both of them were in Aurora.  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 and 10 with 48 hours.

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

2021 by the month

Month           New     Closed    Contract accepted

January               543         649                829

February             561          604                778

March                 993         1099              1455

April                  1006          926              1387

May                   1088         1228              1289

June                  1450         1686              1671

July                    1118         1182               1210

August               1109         1203               1170

September         645           841                 726

Totals          8513     9418        10515

Closed is the most important column to look at.  These are actual numbers.  September is looking pretty good.  We still have almost 2 weeks left of the month.

Check back with us every Saturday to get the market update.  At the end of each month we will also look back at 2020 and 2019 to compare to see how this year is going.

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.  Give us a little information about your home and what you have recently updated.  We will let you know what it is worth is today’s market. You will be provided with a net proceeds that shows you the expenses to sell.  This will be updated once an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying?  Get all your financial information together and contact a loan officer to get pre approved.  You need to be ready before you start looking.

Resources:

Let us know what other information you are looking for. We will point you in the right direction.  If you need recommendations we will be happy to provide a few to contact when looking for loan officers, real estate attorneys and home inspectors.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 37.  Have a great week!

Fox Valley real estate market update week 37-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 36

Fox Valley Real Estate Market Update Week 36-Cover

Fox Valley real estate market update week 36.  New listings of single family homes were up.  239 this week compared to 204 the week before.  Inventory o f homes continues to be a challenge.  Now that school is back in session there was a slow down.  Hopefully now things will get back to normal and more listings will come on the market.

Closed listings of single family homes were also down.  205 this week compared to 387 the week before.  This is to be expected at the beginning of the month.  It will increase as we head into the end of the month when most buyers want to close.

Fox Valley Real Estate Market Update Week 36

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

Aurora-New 31 $89,900-$485,000

             Closed-37 $164,000-$682,500

Batavia-New 12 $170,000-$579,000

             Closed-7 $250,000-$415,000

Bolingbrook-New 17 $219,000-$455,000

                    Closed-19 $240,000-$495,000

Geneva-New 9 $298,000-$600,000

             Closed-13 $205,000-$635,500

Montgomery-New 11 $164,900-$329,900

                     Closed-8 $122,000-$316,000

Naperville-New 46 $249,000-$2,490,000

                  Closed-28 $280,000-$1,470,000

Oswego-New 12 $255,000-$499,900

              Closed-8 $305,000-$675,000

Plainfield-New 26 $219,900-$799,000

                 Closed-30 $250,000-$575,000

St Charles-New 18 $259,900-$1,895,000

                  Closed-14 $190,000-$2,400,000

Yorkville-New 11 $259,900-$949,000

                Closed-6 $260,000-$340,000

You can see the other communities by clicking on the picture above.

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

Median list price this week $350,000, last week also $350,000.  Closed median price this week $340,000, last week $345,000.  This is the second week with a decrease.

Fox Valley Real Estate Market Update Week 36-Stats 091121
Median list and closed price this week

 

 

Out of 205 closed single family homes 161 of them used Conventional financing.  21 of them were Cash.

Fox Valley Real Estate Market Update Week 36-Conventional and Cash 091121
Conventional and Cash

20 of the closed single family homes chose FHA financing, and 3 chose VA financing.

Fox Valley Real Estate Market Update Week 36-FHA and VA 091121
FHA and VA financing

127 of them were 2,000 square feet or more this week with a median closed price of $410,000.  Minimum closed price was $191,000.  So if you are looking for a home with this square feet or more, this is the price range for this week.

Fox Valley Real Estate Market Update Week 36-2000 or more sf 091121
2,000 or more square feet

Contracts accepted this week

Contracts accepted this week on single family homes was down.  207 this week compared to 251 the week before.  buyers are still out there looking but they are having a hard time finding what they are looking for with the inventory so low.

Fox Valley Real Estate Market Update Week 36-Contracts accepted this week

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

Aurora-32                                  Bolingbrook-13

Montgomery-13                          Naperville-34

Oswego-10                                 Plainfield-28

St Charles-13

There was 1 short sales accepted this week and it was in Warrenville.  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, 7 with 48 hours, and 3 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 5 with 48 hours.

2021 by the month

Month        New     Closed     Contracts accepted

January          543            649                    829

February        561             604                   778

March            993            1099                 1455

April             1006             926                 1387

May              1088            1288                 1289

June             1450            1686                 1671

July              1118             1182                  1210

August          1109            1203                  1170

September    443              592                   458

Totals          8311            9229                10247

 June was the best month so far for closings.  Buyer’s could get moved in and enjoy the summer in their new home.  Now would be a good time to get moved in before winter and the holidays.  Homes continue to sell all year.

Check back with us every Saturday.  At the end of the month we compare this year to 2020 and 2019 so you can see how things are going.

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.  Tell us a little bit about your home and what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home?  The first thing you need to do is get all your financial information together and contact a loan officer.  You will need to email or drop off copies of all your financial documents so they can put you through underwriting to get pre approved.  Just calling them and telling them your information is not good enough anymore.  You need to get pre approved so when you find a home you are ready to submit an offer.

When you start the process of looking at homes, you need to be ready to go look when a home hits the market.  If you wait for the weekend it might be gone already.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s, and home inspector’s we would be happy to provide you with a few of each to contact.  You can decide who you want to work with.

All data used is from our MLS MRED, LLC.

As we look back on 20 years since 9/11/01, take a moment to reflect on all the lives lost that day.  We will never forget!

Fox Valley real estate market update week 36.  Have a great week!

Fox Valley real estate market update week 36-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

Market update Fox Valley week 48

Market update Fox Valley week 48.  New listings of single family homes are down 39.34%.  91 this week compared to 150 the week before.  It is a holiday week so that makes it tough.  This week we should bounce back.

Market update Fox Valley week 48

 

 

 

 

 

 

Closed listings of single family homes were also down 37.34%.  193 this week compared to 308 the week before.  When a holiday is at the end of the month closings either get moved up or pushed back.

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

Aurora-New 14 $114,900-$449,995

            Closed-27 $60,000-$663,000

Bolingbrook-New 5 $209,900-$345,000

                     Closed-16 $140,000-$359,000

Naperville-New 12 $384,900-$1,325,000

                 Closed-25 $330,000-$760,000

Oswego-New 3 $234,000-$435,000

              Closed-13 $252,000-$575,000

Plainfield-New 14 $185,000-$849,900

                Closed-18 $208,000-$790,000

St Charles/Campton Hills-

                New 9 $224,900-$899,000

                Closed-19 $138,000-$775,000

Yorkville-New 2 $359,990-$369,000

              Closed-12 $239,900-$495,000

Contracts accepted this week

Market update Fox Vallley week 48-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted on single family homes are down by 13.22%.  197 this week compared to 227 the week before.  That is not too bad for a holiday week!

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

Aurora 29                                   Bolingbrook-22

Naperville-35                              Plainfield-23

St Charles/Campton Hills-17

Only 1 short sale was accepted this week by a seller.  It was in Naperville.  Now it 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.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

2020 by the month and a look back at 2019 and 2018

Month                         New     Closed     Contracts accepted

January                    1105        566               858

February                  1267        529             1024

March                      1186        707             1079

April                           648        786               775

May                         1352      1010             1444

June                         1232        908             1534

July                          1417      1453             1852

August                     1037      1335             1436

September               1176      1503             1503

October                     843       1116             1159

November                 567          985               699

Totals                   11830      10898          13363

2019

January                    878           407              568

February                1032           463              832

March                    1731           915            1375

April                      1594           792            1307

May                       1645           995            1280

June                       1643        1253            1218

July                        1423        1008            1090

August                   1585        1330            1196

September             1164          765               869

October                 1041          738               776

November                897          946               839

Totals                   14633       9612           11350

2018

January                   808           489               606

February               1040           444               856

March                   1549           907            1564

April                     1515           836            1278

May                      1645           995            1280

June                     1828         1720            1474

July                      1318           994            1061

August                 1294         1032              989

September           1479         1093            1078

October               1042           712               748

November             729            739               653

Totals                14247         9961          11587

Closed is the most important column to look at.  These are actual numbers and 2020 is doing the best so far comparing to 2019 and 2018.

New listings for 2020 is way behind 2019 and 2018 but these numbers are not accurate.  Some of these have been relisted as new even though they have been on the market.  New construction has helped buyers that are looking and just can’t find anything.  Homeowners don’t realize how many buyers are out there looking.  They think because of the pandemic that housing isn’t moving.  We are still getting multiple offers on homes.  Inventory of homes for sale has been severely low for a few years causing pricing to really go up this year but interest rates are fantastic.

Contracts accepted numbers are also not accurate.  Some of these contracts do not make it through the home inspection and attorney review period.  They go back on the market and then get another contract.   Buyers in this market know they have to be ready to write a contract or they will lose out on a home.

Check back with us every Saturday for the market update Fox Valley.  At the end of each month we will compare to 2019 and 2018.

Contact us

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

Buyers are looking for a home that is ready to move into. If you are thinking about selling make sure you pack everything away.  Fresh paint does wonders.  Make sure your home is sparkling clean or they will just move onto the next home.  Request a home valuation so we can show you what it is worth in today’s market.  I will provide you with a net proceeds that shows you an estimate of the expenses of selling a home.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  Get a couple of years tax returns, pay stubs, bank statements and any monthly loans or credit cards you have together.  Contact a loan officer and get prequalified.  They will provide you with a letter showing the type of loan and what price would work out best for you.  This will go with an offer when you find a home so you can show the owner that you do qualify to buy their home.  Need a recommendation?  Let us know and I will provide you with a few that we have successfully worked with and you can decide who you want to work with.

Check out some great resources:

Let us know if there is any other information you are looking for.  We will be happy to point you in the right direction.

Market update Fox Valley week 48.  I hope you enjoyed a great Thanksgiving.  Have a great week!

Market update Fox Valley week 45

Market update Fox Valley week 45Market update Fox Valley week 45.  New listings of single family homes were down almost 8%.  174 this week compared to 189 the week before.  Hopefully next week this will improve.  Buyers are still waiting for homes to come on the market.  Competition is very low right now so this is the perfect time to sell.

Closed listing of single family homes were also down just under 7%.  285 this week compared to 306 the week before.  This is the first week of the month so that is to be expected.  Most buyers want to close at the end of the month.

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

Aurora-New 19 $129,900-$525,000

            Closed-$45 $120,000-$565,000

Bolingbrook-New 10 $169,900-$425,000

                     Closed-22 $31,000-$950,000

Geneva-New 8 $289,000-$695,000

             Closed-11 $262,000-$625,000

Montgomery-New 7 $159,900-$399,000

                      Closed-14 $166,500-$345,065

Naperville-New 39 $235,000-$1,500,000

                 Closed-46 $236,000-$1,090,000

Oswego-New 11 $219,990-$1,799,000

              Closed-12 $205,000-$435,000

Plainfield-New 21 $169,900-$549,999

                Closed-35 $242,000-$645,000

St Charles/Campton Hills-

                New 11 $245,000-$642,700

                Closed-23 $188,000-$985,000

Yorkville-New 8 $239,000-$399,900

              Closed-14 $164,900-$435,000

Contracts accepted this week

Market update Fox Valley week 45-Contracts accepted this weekContracts accepted this week were also down this week just under 13%.  233 this week compared to 267 the week before.  Extremely low inventory and now this week going even lower does not help.  Buyers are putting in offers and having to deal with multiple offer situations.  Increasing prices also does not help.  With such low inventory prices have been going up higher and higher.  We are even having a hard time coming up with comparables for the increase in prices.

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

Aurora-38                                    Bolingbrook-15

Montgomery-10                           Naperville-33

Oswego-15                                   Plainfield-23

St Charles/Campton Hills-20        Sycamore-10

2 short sales were accepted by sellers this week.  1 each in Montgomery and Waterman.  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.  9 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

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

2020 by the month

Month                         New     Closed     Contracts accepted

January                    1105        566               858

February                  1267        529             1024

March                      1186        707             1079

April                           648        786               775

May                          1352     1010             1444

June                          1232       908             1534

July                           1417     1453             1852

August                      1037      1335             1436

September                1176      1503             1503

October                      843      1106             1159

November                  174         285               233

Totals                     11437    10198          12897

July was the best month for new listings.  September was the best month for closed listings.  July was also the best month for contracts accepted.

Closed listings is the one to really look at.  This is actual numbers.  They definitely closed.  New listings sometimes get relisted as new even though they are not new to the market.  The same for contracts accepted. The might get accepted and don’t go through to closing and go back on the market.

July used to be a very slow month when most people were gone on vacation.  This year because of the pandemic July was very busy.  Some people do not realize how active the housing market has been throughout this year.

Check back with us every Saturday for a market update Fox Valley.  At the end of each month I compare to the previous 2 years so you have something to compare this year to.

Contact us

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

Even with the pandemic it is a great time to sell.  Buyers are out there waiting for something to come on the market to see.  Request a home valuation and we will let you know what your home is worth in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be update when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home?  You need to contact a loan officer first to see what type of loan and what price range will work out best for you.  They will give you a letter showing what you qualify for and it will go with an offer when you find a home.  It can’t be older than 30 days or you will need to have the loan officer update it.

Check out some great resources:

Let us know what questions you have or what kind of information you are looking for so we can direct you to it.

Market update Fox Valley week 45.  Have a great week!

Market update Fox Valley week 45Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley-February 29 2020

Market update Fox Valley-February 29 2020
Single Family Homes

New listings are slightly down this week.  309 this week of single family homes compared to 318 the week before.  Not too bad but it is going in the wrong direction.  We need new listings.  Spring market is here so get your property market ready and let’s get it on the market.

Closed listings are up 87% from the week before.  208 closed listings of single family homes compared to 111 the week before.  It is the end of the month.  This is a dramatic way to show you the difference.  Buyers want to close at the end of the month so they bring less interest to closing.  They want to come into closing with the least amount of money to close.

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

Aurora-New 28 $100,000-$574,900

            Closed-31 $80,000-$398,000

Batavia-New 14 $230,000-$729,900

             Closed-10 $219,900-$628,424

Bolingbrook-New 19 $199,000-$789,000

                     Closed-25 $97,500-$412,500

Geneva-New 10 $235,000-$1,120,000

Naperville-New 73 $289,000-$1,899,000

                 Closed-28 $272,000-$1,399,888

Oswego-New 23 $184,900-$449,900

              Closed-15 $192,000-$375,000

Plainfield-New 29 $210,000-$549,900

                Closed-27 $139,650-$455,000

St Charles/Campton Hills-

                New 28 $199,900-$1,150,000

                Closed-20 $67,500-$689,653

Yorkville-New 20 $200,000-$614,900

              Closed-10 $169,050-$446,500

Contracts accepted this week

Market update Fox Valley-February 29 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up just under 10%.  303 accepted single family homes this week compared to 276 the week before.  This is good news and if the new listings of single family homes continue to come on the market this will continue to go up.  We still are dealing with an inventory problem.  There is not enough homes on the market for the buyers that are wanting to find a home.

Look at the communities that sellers accepted the most contracts:

Aurora-42                             Bolingbrook-18

Geneva-16                            Montgomery-21

Naperville-48                        Oswego-15

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

5 short sales were accepted this week by sellers. 2 in Plainfield and 1 each in Elburn, Winfield and Yorkville.  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. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

2020 activity by the month and look back at 2019 and 2018

Month                        New     Closed      Contracts accepted

January                    1105       566               858

February                  1267       529             1024

Now take a look back to 2019

January                     878        407               568

February                 1032        463               832

Take a look at 2018

January                     808        489               606

February                 1040        444               856

We are headed in the right direction.

Contact us

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

Spring is here already so don’t wait to put your home on the market.  You don’t want to miss the busiest time of the year.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the estimated expenses to sell so you will have an idea of what kind of equity you have to work with.  This will be updated when an offer comes in and we know all the terms so you will be able to make a good decision.

Thinking about buying a home this year?  After you have talked to a loan officer and pre-qualifed let us know the price range and type of loan that will work out best for you and we will help you find the home that meets your goals.  Let us know the vision of the home that you are looking for and what towns you would like to look.  You need to be ready to go when a listing comes up so you don’t miss out.

Check out some great resources:

Let us know if there is other information you are looking for.  We are happy to point you in the right direction.  If you need recommendations for real estate attorneys or home inspectors once you find a home or you get a contract accepted on your home we can give you a few to contact so you can make the decision who to work with.

Market update Fox Valley-February 29 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12-28-19 Market Update Fox Valley

12 28 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Look at the communities with the most contracts accepted:

Aurora-14              Naperville-15           Plainfield-15

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

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

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

2019 by the month

Month                    New        Closed       Contract accepted

January                  878           407                    608

February             1,032           465                    832

March                1,731            915                1,375

April                  1,594            790                1,307

May                   2,004         1,391                1,665

June                  1,643         1,253                1,218

July                   1,423         1,029                1,090

August              1,585         1,403                1,211

September        1,164            765                   869

October            1,259            957                   959

November           679            727                    656

December           496            661                    497

Total              15.488      10,763              12,287

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

Contact us

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

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

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

Check our some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

12 21 19 Market update Fox Valley

12 21 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

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

Communities with the most contracts accepted this week:

Aurora-21                Naperville-18

Plainfield-12

These communities are consistently  very active every week.

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

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

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

2019 by the month

Month                 New         Closed         Contracts accepted

January                878           407                      608

February           1,032           465                      832

March               1,731           915                  1,375

April                 1,594           790                  1,307

May                  2,004        1,391                 1,665

June                 1,643        1,253                 1,218

July                  1,423        1,029                 1,090

August             1,585        1,403                 1,211

September       1,164           765                    869

October           1,259           957                    959

November          679           727                    656

December          438           532                    399

Total             15,430     10,634              12,189

Closed are the most important numbers. 

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

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 14 19 Market Update Fox Valley

12 14 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

Plainfield-New 13 $190.000-$398,735

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

St Charles/Campton Hills-

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-27                   Bolingbrook-17

Napervillle-26             Plainfield-19

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

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

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

2019 by the month

Month                New         Closed          Contracts accepted

January              878            407                    608

February         1,032            465                    832

March             1,731            915                1,375

April               1,594            790                1,307

May                2,004         1,391                1,665

June               1,643         1,253                1,218

July                1,423         1,029                1,090

August           1,585         1,403                1,211

September     1,164            765                   869

October         1,259            957                   959

November        679            727                    656

December        309            524                    282

Total           15,301      10,426              12,072

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 7 19 Market Update Fox Valley

12 7 19 Market Update Fox Valley

 

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

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

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

Aurora-24              Bolingbrook-12

Naperville-17         Plainfield-17

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

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

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

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

2019 by the month 

Month               New        Closed        Contracts accepted

January             878           407                 608

February        1,032           465                 832

March            1,731           915              1,375

April              1,594           790              1,307

May               2,004        1,391             1,665

June              1,643         1,253            1,218

July               1,423         1,029            1,090

August          1,585         1,403            1,211

September    1,164            765                869

October        1,259            957                959

November       679             727                656

December       173             142                127

Totals        15,165        10,244          11,917

Contact Us

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

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

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

We can also recommend real estate attorneys and home inspectors.

Check out some great resources:

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

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