12 14 19 Market Update Fox Valley

Posted on December 14, 2019 by Kristine Heiman, Designated Managing Broker

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

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

Posted on December 7, 2019December 7, 2019 by Kristine Heiman, Designated Managing Broker

12 7 19 Market Update Fox Valley

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

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.

11 30 19 Market Update Fox Valley

Posted on November 30, 2019November 30, 2019 by Kristine Heiman, Designated Managing Broker

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly. 100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly. 154 this week compared 224 the week before. You can’t judge the market on this holiday week. Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

Closed-21 $160,000-$512,156

St Charles/Campton Hills-

New $254,900-$675,000

Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

Closed-3 $175,000-$249,000

Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before. Hopefully we will get back to normal this week.

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

Aurora-15 Naperville-23

Plainfield-20 St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

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

2019 by the month of activity

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

Total 14,992 10,102 11,790

Some of those new listings are homes that have been relisted. Not all listings that receive contracts close. Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved. You need a good REALTOR® and real estate attorney that can help get through some of these issues.

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 your home.

Resources to check out:

Some lenders also help out with costs. You need to decide what helps out the most.

11 30 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 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home. Click on the satellite view. It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard. It also has a chat feature. If you need help navigating let me know.

11 23 19 Market Update Fox Valley

Posted on November 23, 2019November 30, 2019 by Kristine Heiman, Designated Managing Broker

11 23 19 Market Update Fox Valley

11 23 19 Market update Fox Valley. New listing this week were down. 166 this week compared to 193 the week before. Not good for buyers that are still out looking. Things are still active so I hope that most people that are thinking about selling are just waiting to get to the other side of the Thanksgiving holiday.

Closed listings were up this week. 224 this week compared to 173 the week before. We are getting to the end of the month. when most buyers want to close.

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

Aurora-New 16 $114,900-$450,000

Closed-39 $61,000-$410,000

Bolingbrook-New 12 $174,900-$449,954

Closed-20 $129,000-$355,000

Geneva-New 6 $239,900-$595,000

Closed-10 $330,000-$1,100,000

Naperville-New 37 $235,000-$1,790,000

Closed-33 $261,000-$1,225,000

Plainfield-New 29 $188,000-$599,900

Closed-27 $165,000-$458.000

St Charles/Campton Hills-

New-14 $225,000-$1,100,000

Closed-New 21 $190,000-$900,000

Yorkville-New 8 $195,000-$349,000

Closed-13 $232,000-$450,000

Contracts accepted this week

Contracts accepted this week were very consistent. 177 this week compared to 178 the week before. We love consistency! You can’t get more consistent than that. Next week the numbers will be off because of the holiday.

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

Aurora-16 Batavia-10 Bolingbrook-14

Naperville-37 Oswego-10 Plainfield-20

St Charles/Campton Hills-10 West Chicago-11

Only 2 short sales accepted this week 1 each in Aurora and Bolingbrook. Now they will be submitted to the lender to see if they will also accept contract price and terms.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 3 with 48 hours and 3 with 24 hours.

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

2019 activity by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 579 573 523

Total 14,892 9,948 11,657

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will guide you through the process whether buying/selling a home.

If you are thinking about selling we will be do a market analysis on your home to let you know what it is worth is today’s market. Provide you with a net proceeds that shows you the expenses to sell your home. 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? Your first step is to get pre-qualifed with a loan officer so you know what type of loan and the price range that will work out best for you.

Check out some great resources:

11 23 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

Check out another way to search for a home. You can sign up for free! Change it to satellite view and check out the property and where it is located within the neighborhood. If you need help using this great program let me know and I can do a video call and share my screen and guide you through it..

11 9 2019 Market Update Fox Valley

Posted on November 9, 2019 by Kristine Heiman, Designated Managing Broker

11 9 2019 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

Contracts accepted this week

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

Look at the communities that sellers accepted the most contracts:

Aurora-26 Bolingbrook-11 Naperville-33

Oswego-10 Plainfield-20

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

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

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

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

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 220 176 168

Total 14,533 9,551 11,302

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

11 2 2019-Market Update Fox Valley

Posted on November 2, 2019 by Kristine Heiman, Designated Managing Broker

11 2 2019-Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-35 Bolingbrook-15 Naperville-20

Plainfield-21 St Charles/Campton Hills-14

Yorkville-11

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

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

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

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

2019 look at activity by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

Total 14,313 9,375 11,134

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

Contact us

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

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

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

Take a look at some great resources:

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

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

Fox Valley Market Update September 28 2019

Posted on September 28, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 28 2019

Fox Valley market update September 28 2019. New listings of single family homes were down this week. 259 this week compared to 282 the week before. The market is still good for buyers looking $200,000 and above. Under that amount it is hard to find and you need to jump on them right away. If your home is in that price range and you are thinking about selling now is the time.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2.004
June-1,643
July-1,423
August-1,585
September-1,164

Total 13,054

Closed listings of single family homes were slightly up this week. 204 compared to 193 the week before. Not the numbers we were seeing from May – August but still not bad.

Look at the closings of single family home by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-765

Total-8,418

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

Aurora-New 34 $124,900-$430,000

Closed-$89,917-$459,900

Batavia-New 10 $209,900-$599,995

Closed-4 $211,450-$415,000

Bolingbrook-New 19 $147,900-$374,900

Closed-12 $189,000-$372,500

Geneva-New 17 $235,000-$625,000

Closed-6 $324,900-$420,000

Naperville-New 49 $294,999-$1,750,000

Closed-35 $200,000-$1,130,000

Oswego-New 8 $189,900-$330,000

Closed-16 $170,000-$575,000

Plainfield-New 37 $139,888-$1,175,000

Closed-27 $145,000-$1,772,000

St Charles/Campton Hills-New 20 $214,900-$1,500,000

Closed-16 $141,850-$620,000

Yorkville-New 11 $239,000-$420,000

Closed-8 $150,089-$540,000

These communities continue to be on the list for new listings and closed listings of single family homes Is it the schools, location or what the community offers? It might be a combination of all three.

Contracts accepted this week

Contracts accepted this week were slightly down this week on single family homes. 204 this week compared to 229 the week before. That is not too bad. I would say that is pretty consistent.

Communities this week with the most activity:

Aurora-35 Bolingbrook-27 Naperville-23

Oswego-12 Plainfield-27 St Charles/Campton Hills-11

Look at the contracts accepted for 2019 by the months:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-869

Total-10,175

There is a difference on contracts accepted and closed listings. Not all contracts that get accepted close. I thought you would be interested to see those numbers. Is it the loan officers not pre-qualifying the buyers well enough? Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it. Some things can be resolved and others take more time. Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on. There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller. Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.

Contact us

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

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

If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified. They will let you know what type of loan and the price range that will out best for you.

Check out some resources:

We are here to guide you through the process. We will keep in contact the way you want to connect.

Fox Valley market update September 28 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for a home that you can sign up for free! Click on the satellite view. It also has a chat feature that you can connect with me to ask questions. Let us know what you think!

Fox Valley Market Update September 21 2019

Posted on September 21, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 21 2019

Fox Valley market update September 21 2019. New listings of single family homes were just under 10% down this week. 282 new listings this week compared to 310 the week before.

2019 New listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-905

Total-12,795

Closed listings this week were slightly up. 193 this week compared to 188 the week before. It should increase more as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-561

Total-8,214

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

Aurora-New 38 $70,000-$699,000

Closed-33 $87,000-$550,000

Batavia-New 10 $263,900-$998,500

Closed-3 $352,000-$381,000

Bolingbrook-New 34 $159,900-$451,500

Closed-22 $155,000-$380,000

Geneva-New 10 $275,000-$819,000

Closed-5 $265,000-$354,000

Naperville-New 54 $255,000-$1,450,000

Closed-34 $310,000-$850,000

Oswego-New 10 $214,900-$560,000

Closed-16 $165,000-$575,000

Plainfield-New 32 $136,900-$750,000

Closed-24 $150,000-$417,000

St Charles/Campton Hills-New 20 $159,900-$1,200,000

Closed-12 $180,000-$735,000

Yorkville-New 14 $229,900-$619,900

Closed-7 $118,000-$397,000

Contracts accepted this week

Contracts accepted this week on single family homes were consistent this week. 229 this week compared to 225 the week before. We love consistency!

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July–1,090
August-1,211
September so far-665

Total-9,971

Now take a look at the communities this week that sellers accepted the most contracts:

Aurora-33 Batavia-11 Bolingbrook-21

Geneva-15 Naperville-39 Oswego-13

Plainfield-21 St Charles/Campton Hills-17 Yorkville-10

There were 3 short sales accepted by sellers this week. Zero the week before. 1 each in Geneva, Naperville and Plainfield.

Contracts were accepted by sellers that are contingent on the closing of the buyers current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Sellers also accepted contracts that are contingent on the sale and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Once a contract is accepted there is a review period where the buyer can do inspections and attorneys can review the contract. Not all contracts that get accepted close. Sometimes issues come up that can’t be resolved or maybe the loan might not get approved.

Contact us

Call us at 630-503-6555 with any real estate questions that you have. It is still a good time to sell if you want to get moved before the holidays.

Let us update your home value in the current market and provide you with a net proceeds. An estimate of expenses to sell.

If you are thinking about purchasing, your first step is to talk to a loan officer to get pre-qualified so you know what type of loan and what price range will work out for you. If you need recommendations we can provide you will loan officers to contact that we have successfully worked with.

Resources to check out:

Fox Valley market update September 21 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out another way to search for a home that also has a chat feature that you can easily reach us. Sign up for free!

Fox Valley Market Update September 14 2019

Posted on September 14, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 14 2019

Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-623

Total-12,513

Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-368

Total-8,021

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

Aurora-New 46 $115,000-$699,000

Closed-30 $37,500-$645,000

Bolingbrook-New 20 $174,900-$754,766

Closed-12 $152,700-$430,000

Elburn-New 10 $229,000-$549,900

Closed-1 $320,000

Naperville-New 61 $299,000-$1,599,000

Closed-28 $245,000-$1,150,000

Oswego-New 16 $179,900-$1,000,000

Closed-7 $215,000-$340,000

Plainfield-New 33 $149,888-$624,000

Closed-29 $170,000-$538,200

St Charles/Campton Hills-New 19 $199,900-$1,260,000

Closed-9 $290,000-$880,000

Sugar Grove-New 11 $214,900-$849,900

Closed-5 $210,000-$445,000

West Chicago-New 12 $228,000-$574,999

Closed-6 $222,500-$385,000

Yorkville-New 10 $164,900-$475,000

Closed-3 $134,500-238,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.

Contracts accepted 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September so far-436

Total-9,742

Look at the communities that had the most sellers accept contracts this week:

Aurora-36 Bolingbrook-21 Naperville-31

Plainfield-29 St Charles/ Campton Hills-11

Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.

There were no short sale contracts accepted this week.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

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

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.

Check out some resources:

Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.

Fox Valley market update September 14 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out another way to search that also has a chat feature. Sign up for free!

Fox Valley Market Update September 7 2019

Posted on September 7, 2019September 7, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 7 2019

Fox Valley market update September 7 2019. New listings this week were slightly up. 313 new listings of single family homes this week compared to 290 the week before. Now that we are past the holiday and school starting we can get back to normal.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September-313

Total-12,203

Closed listings of single family homes were down this week. 180 this week compared to 292 the week before. With the holiday, a short week and the beginning of the month this is to be expected. It should go up from here.

Closed listings for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-180

Total-7,833

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

Aurora-New 40 $115,000-$500,000

Closed-34 $80,000-$510,000

Batavia-New 14 $209,900-$525,000

Closed-8 $255,500-$586,987

Bolingbrook-New 22 $179,900-$500,000

Closed-16 $134,100-$369,000

Geneva-New 23 $149,000-$1,249,000

Closed-9 $241,000-$924,000

Naperville-New 62 $305,000-$4,000,000

Closed-23 $305,000-$1,295,000

Oswego-New 24 $229,900-$475,000

Closed-10 $129,000-$304,295

Plainfield-New 40 $169,900-$549,900

Closed-18 $150,000-$515,000

St Charles/Campton Hills-New 18 $163,500-$1,199,999

Closed-14 $100,000-$617,500

West Chicago-New 12 $179,900-$499,900

Closed-3 $285,000-$335.000

Yorkville-New 13 $180,000-$469,500

Closed-6 $250,000-$452,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly down this week. 211 this week compared to 227 the week before. This should go up next week since we are now past the holiday and a short week. Keep in mind that not all contracts accepted close. They need to get past home inspection, attorney review and the loan approval. So things can happen during that process.

Contracts accepted for 2019 by the month of single family homes:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-211

Total-9,517

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

Aurora-33 Bolingbrook-13 Naperville-34

Oswego-10 Plainfield-28 St Charles/Campton Hills-16

Short sales still remain low this week. 1 this week compared to 3 the week before. The 1 was in Bolingbrook this week.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 2 with 48 hours and also 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 1 with 48 hours.

Contact us

Call us with your real estate questions at 630-503-6555. Our goal is your goal. Whether you are buying, selling or both we will work hard to meet your goals. We will let you know what you need to do to get your home ready for market. Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.

If you are thinking about buying you need to talk to a loan officer first to get pre-qualified so you know what type of loan will work for you and the price range. What type of loan you choose will determine the condition the home must be in. If you find a home that needs repairs and the seller is not willing to do them and you have the money you can set up an escrow account if it is under $5,000 for repairs. If it is over that amount you will need to get pre-qualified for a loan that will allow you to make the repairs. This is a different kind of approval. Separate from the normal approval. We can talk to you more about this or your loan officer can explain it to you.

It is still a great time to sell or buy so get in touch with us so we can get you started.

Check out some resources:

Fox Valley market update September 7 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search with a chat feature. Sign up for free and let us know what you think. It has google maps so you can click on the satellite view so you can see the yard and house around it..