Fox Valley home prices November 26th

Best Homes Fox Valley Home Prices Header

Fox Valley home prices November 26th.  I hope everyone enjoyed a Happy Thanksgiving with family and friends.  It is a short week this week since the holiday.

We will update you on how many new listings, closed, contracts accepted, 2022 by the month, resources, and how to get in touch with us.

New listings are down.  80 this week compared to 126 the previous week.

Closed listings were also down.  112 this week compared to 176 the previous week.

Fox Valley home prices November 26th

Aurora-New 25 $95,000-$672,900

             Closed-15 $172,500-$618,000

Bolingbrook-New 6 $299,000-$424,900

                      Closed-10 $240,000-$887,939

Naperville-New 5 $340,000-$1,019,000

                   Closed-17 $301,000-$1,400,000

Plainfield-New 13 $260,000-$740,900

                 Closed-18 $290,000-$650,000

Other communities had activity this week.  We are just highlighting the ones with the most activity.  Look at photo above for other community activity and prices.

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

Median list price this week $364,900, last week $392,449.

Closed median price this week $382,495, last week $401,500.

Stats 112622
Stats for week ending November 26th

Conventional financing was used to close on 79 homes this week at median price $415,000 with 35 days average market time, last week 128 homes with median price $415,750 with 40 days average market time.

Conv 112622
Conventional financing used to close for week ending November 26th

Cash was used to close on 9 homes this week with a median price $475,000 with 26 days average market time, last week 26 homes at median price $415,500 with 28 days average market time.

Cash 112622
Cash used to close for week ending November 26th

FHA financing was used to close on 19 homes this week at median price $300,000 with 47 days average market time, last week 16 homes at median price $296,250 with 29 days average market time.

FHA 112622
FHA financing used to close for week ending November 26th

VA financing was used to close on 5 homes this week with median price $340,000 with 34 days average market time, last week 6 homes with median price $359,949 with 27 days average market time.

VA 112622
VA financing used to close for week ending November 26th

2,000 square feet or more closed on 69 homes at median price $460,000 with 34 days average market time, last week 108 homes at median price $484,750 with 38 days average market time.  Minimum price this week closed at $267,000, last week minimum price was $280,000.

2000 SF or more 112622
2,000 SF or more closed for week ending November 26th

Conventional financing continues to be the choice for loans.

Contracts accepted this week

Contracts accepted this week are consistent even in a short week.  132 this week compared to 128 the previous week.

Fox Valley home prices November 26th-Contracts accepted this week

Aurora-27                 Naperville-23

Plainfield-20            St Charles-10

Other communities had activity.  We are just highlighting the ones with the most activity.  Look at picture above for communities with activity.

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.

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

Median price of homes that went under contract this week $375,000 with 54 days average market time, last week median price $331,450 with 40 days average market time.

Contingent Stats 112622
Homes that went under contract for week ending November 26th

2022 by the month

Month                     New   Closed   Contracts accepted

January                    422       492            623

February                  523       520            724

March                       734       904           890

April                        1168       966          1334

May                         1101       893           806

June                         1295     1409          1234

July                           955       932           908

August                    1019       1134         1062

September                730        733          698

October                     699        612          646

November                 469        587          512

Totals                       9155      9182        9437

All the numbers are pretty tight. No extra new listings hanging around.  They are getting sold.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of the month we will also look back at 2021 and 2020 so you can see how this year compares.  We will do this next week.  Monday and Tuesday should have a lot of closings because of the holiday this week.

Resources

Click on everything that is bold and underlined to take you to the site for the information.

Check with your loan officer for the interest rate you will be offered.  It depends on your credit score and other things that they will explain to you.

IHDA programs might not be offering anything right now, but  I am leaving it there just in case they start another program.

All data provided today is from our Multiple Listing Service, MRED, LLC.  It changes continuously throughout the day.

You can also connect with us onfacebook and search for homes there by clicking on the “shop now” button.

Contact us

Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.

Fox Valley home prices November 26th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Kriss Picture 012819 3 Thumb nail 

Fox Valley home prices November 19th

Best Homes Fox Valley Home Prices Header

Fox Valley home prices November 19th.  We have had snow flurries the last few days here in the Fox Valley area of Illinois.  Nothing that sticks though.  Today should be the coldest day and then temperatures will go up and should be 52° by Thanksgiving Day.

We will highlight the communities with the most activity for new and closed prices, financing used, median prices, contracts accepted this week, and 2022 by the month.

New listings this week were pretty consistent.  126 this week compared to 122 the previous week.

Closed listings were up.  176 this week compared to 117 the previous week.

Fox Valley home prices November 19th

Aurora-New 19 $167,500-$589,000

             Closed-25 $125,000-$530,000

Bolingbrook-New 9 $249,900-$550,000

                      Closed-16 $210,000-$816,929

Geneva-New 3 $310,000-$355,000

              Closed-13 $270,000-$740,000

Naperville-New 25 $317,999-$1,699,900

                   Closed-23 $301,000-$981,000

Plainfield-New 17 $214,900-$646,549

                  Closed-25 $200,000-$1,232,271

St Charles-New 7 $225,000-$525,000

                   Closed-11 $370,000-$965,000

Take a look at the photo above for activity in other communities this week.

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

Median list price this week $392,449, last week $375,000

Closed median price this week $401,500, last week $358,000

Stats 111922
Stats for week ending November 19th

Conventional financing was used to close 128 homes at median price $415,750 with 40 days average market time, last week 76 homes at median price $375,806 with 40 days average market time.

Conv 111922
Conventional financing used to close for week ending November 19th

Cash was used to close on 26 homes this week at median price $415,500 with 28 days average market time, last week 17 homes at median price $345,000 with 97 days average market time.

Cash 111922
Cash used to close for week ending November 19th

FHA financing was used to close 16 homes this week at median price $296,250 with 29 days average market time, last week 18 homes at median price $305,955 with 41 das average market time.

FHA 111922
FHA financing used to close for week ending November 19th

VA financing was used to close on 6 homes this week at median price $359,949 with 27 days average market time, last week 3 homes at median price $385,000 with 5 days average market time.

VA 111922
VA financing used to close for week ending November 19th

2,000 square feet or more closed on 108 homes this week at median price $484,750 with 38 days average market time, last week 66 homes at median price $459,995 with 48 days average market time.  Minimum price this week for a 2,000 SF or more was $280,000, last week $235,000.

2000 SF or more 111922
2,000 SF or more closed for week ending November 19th

Conventional financing continues to be the financing most seller’s are looking for and buyer’s are using. 

2022 by the month

Month                     New   Closed   Contracts accepted

January                    422       492               623

February                  523       520               724

March                       734      904               890

April                        1168      966              1334

May                         1101      893               806

June                         1295    1409              1234

July                           955      932               908

August                    1019     1134              1062

September               730       733               698

October                    699       612               646

November                389       475               380

Totals                     9035     9070             9305

New listings are getting lower and they are selling.  If you need to sell it is still a good time.

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

Resources

Click on everything that is bold and underlined.  It will take you to the site for the information.  We try to share the information that you might be looking for.  If there is other information that is not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score and other things.  They will explain it to you.

Now is a good time to check into down payment assistance and IHDA programs.

Connect with us onFacebook you can also search for a home there by clicking on “shop now.”

All data provided today is from our Multiple listing service, MRED, LLC.  It changes continuously throughout the day as agents upload their information of new listings, price changes, contract accepted or back on the market.

Contact us

Call us at 630-503-6555.  Your goal is our goal.

Fox Valley home prices November 19th.  Have a Happy Thanksgiving!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices July 30th

Fox Valley Home Prices April 23

Fox Valley home prices July 30th.  I hope you had a great week!  We are back to update you on the new listings, closed, contracts accepted, median prices, financing used, and 2022 by the month with a  look back at 2021 and 2020.

New listings this week were down.  218 this week compared to 277 the previous week.  Many are getting vacations in before school starts.

Closed listings this week are up.  271 this week compared to 241 the previous week.  The end of the month is when most buyers want to close.

Fox Valley home prices July 30th

Aurora-New 34 $165,000-$575,000

            Closed-35 $110,000-$625,000

Batavia-New 4 $305,000-$445,000

             Closed-12 $167,000-$969,900

Bolingbrook-New 15 $249,900-$649,000

                    Closed-21 $208,000-$640,000

Geneva-New 14 $370,000-$1,795,000

             Closed-15 $295,000-$1,775,000

Montgomery-New 6 $244,900-$399,000

                     Closed-10 $186,000-$365,000

Naperville-New 31 $385,000-$3,500,000

                  Closed-45 $359,900-$1,700,000

Oswego-New 13 $270,000-$620,000

              Closed-13 $280,000-$600,000

Plainfield-New 35 $194,900-$625,000

                Closed-35 $180,000-$1,069,527

St Charles-New 10 $300,000-$725,000

                  Closed-18 $230,000-$715,000

West Chicago-New 13 $185,000-$575,000

                       Closed-12 $275,000-$590,000

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

Median list price this week $389,900, last week $400,000

Closed median price this week $395,000, last week $405,200.

Stats 073022
Stats for week ending July 30th

Conventional financing was used to close on 193 homes this week at a median price $416,000 with 31 days average market time, last week 175 homes at median price $430,000 with 20 days average market time.

Conv 073022
Conventional financing used to close for week ending July 30th

Cash was used to close on 34 homes this week at median price $451,551 with 21 days average market time, last week 24 homes at median price $396,000 with 39 days average market time.

Cash 073022
Cash used to close for week ending July 30th

FHA financing was used to close on 37 homes this week at median price $269,000 with 18 days average market time, last week 28 homes at median price $317,500 with 13 days average market time.

FHA 073022
FHA financing was used to close for week ending July 30th

VA financing was used to close on 5 homes this week at median price $365,000 with 4 days average market time, last week 13 homes at median price $399,900 with 16 days average market time.

VA 073022
VA financing used to close for week ending July 30th

Homes that were at least 2,000 square feet or more closed on 156 homes at median price $507,450 with 29 days average market time, last week 157 homes at median price $498,000 with 18 days average market time. Minimum price this week $285,000, last week $299,000.

2000 SF or more 073022
Homes that were at least 2,000 SF or more for week ending July 30th

Contracts accepted this week

Contracts accepted this week were down.  226 this week compared to 245 the previous week.

Fox Valley home prices July 30th-Contracts accepted this week

Aurora-28                           Bolingbrook-16

Geneva-12                           Montgomery-12

Naperville-28                      Oswego-11

Plainfield-32                       St Charles-17

Sycamore-10

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 1 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.  5 with a kick-out clause of 48 hours.

Median list price of homes that went under contract this week $373,450 with 31 days average market time, last week median list price $385,000 with 33 days average market time.

Contingent Stats 073022
Contingent stats for week ending July 30th

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

2022

Month        New   Closed   Contracts accepted

January          422        492                 623

February        523        520                 724

March            734        904                 890

April             1168        966                1334

May               1101        893                 806

June             1295      1409                1234

July               995        932                  908

Totals      6238    6116           6519

2021

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

Totals      6759    7434           8619

2020

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

Totals      8207     5959          8566

You can see how the new listings are less every year for the last 3 years.  That explains the price increases.  Check back with us every Saturday for the Fox Valley area of Illinois home prices.

Resources

Everything that is underlined and bold click on to go to the site for the information.  If there is information that you are looking for not listed below let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  If you need to work on your score your loan officer can help you with that.

Getting approved for a loan before you even start looking is smart.  Find a lender that will put you through underwriting to get you approved.  You will be more confident in looking and will not be chewing your finger nails waiting to be approved a week before closing.

All data is downloaded this morning from our MLS.  MRED, LLC.  It is continuously updated throughout the day as agents enter information.

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.

We will guide you through the process.

Fox Valley home prices July 30th.  Have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kriss New profile for FB 123121

Fox Valley home prices March 12 2022

Fox Valley home prices March 12 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 031222
Stats for the week ending March 12, 2022

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

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-24                          Bolingbrook-18

Geneva-12                          Naperville-45

Plainfield-23                      St Charles-23

Yorkville-12

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

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

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

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

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

2022 by the month

Month                           New   Closed   Contracts accepted

January                                       422        492              623

February                                     523        520              724

March                                          381        557              431

Totals                          1326    1569       1778

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

Contact us

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

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

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

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

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

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

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

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

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices March 5 2022

Fox Valley home prices March 5 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats 030522
Stats for week ending March 5 2022

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

Conv 0030522
Conventional Financing used week ending March 5 2022

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

Cash 030522
Cash used to close week ending March 5 2022

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

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-30                          Bolingbrook-10

Geneva-10                          Naperville-51

Oswego-12                         Plainfield-31

St Charles-13

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

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

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

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

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

 2022 by the month

Month        New   Closed   Contracts accepted

January          422         492                623

February        523         520                724

March            197          174                 213

Totals      1142     1186         1560

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

Contact us

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

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

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

Resources-click on them to learn more

Types of loans and the process

VA loans and the requirements

Current interest rates 

Down payment assistance

IHDA programs

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

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

All data used is from our MLS MRED, LLC. 

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today! Set up email alerts.

Kriss New profile for FB 123121

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats February 19 2022
Stats February 19 2022

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

Conventional Financing February 19 2022
Conventional Financing February 19 2022

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

Cash February 19 2022
Cash February 19 2022

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

FHA Financing February 19 2022
FHA Financing February 19 2022

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

VA financing February 19 2022
VA financing February 19 2022

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

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

Contracts accepted this week

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

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

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

Aurora-26                        Bolingbrook-14

Montgomery-10                Naperville-31

Plainfield-30

No short sales were accepted this week.

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

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

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

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492              623

February        360         392              533

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

Contact us

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

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

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

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

Resources

Types of loans and the process

VA loans and the process

Current interest rates

Down payment assistance

IHDA programs

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

All data provided is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices February 12 2022

Fox Valley home prices February 12 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats for February 12 2022
Stats for February 12 2022

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

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

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

Cash used February 12 2022
Cash used February 12 2022

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

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

Aurora-29                       Bolingbrook-13

Naperville-24                  Oswego-11

Plainfield-26                   St Charles-13

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

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

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

Contingent Stats February 12 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February        223         271                346

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

Contact us

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

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

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

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

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

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!   

Kriss New profile for FB 123121

Fox Valley home prices January 29 2022

Fox Valley home prices January 29 2022

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

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

Closed listings this week 121, last week 122.

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats January 29 2022
Stats January 29 2022

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

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

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

Cash used January 29 2022
Cash used January 29 2022

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

FHA used January 29 2022
FHA used January 29 2022

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

VA used January 29 2022
VA used January 29 2022

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

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

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

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

Contracts accepted this week

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

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

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

Auroro-24                         Naperville-22

Plainfield-22                     St Charles-12

Winfield-10                       Yorkville-15

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

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

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

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

2022

Month             New   Closed   Contracts accepted

January                  422         492                623

2021

January                  543         649                829

2020

January                 1105         566                858

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

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

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

Contact us

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

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

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

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

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

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

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

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

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