Fox Valley Real Estate Market Update week 35

Fox Valley Real Estate Market Update Week 35-Cover

Fox Valley real estate market update week 35.  New listings of single family homes are down.  204 this week compared to 221 the week before.  We are not going in the right direction.  Things usually slow down when school starts, but then it starts back up again.

Closed listings of single family homes are up.  387 this week compared to 273 the week before.  Most of these were probably closed on Monday and Tuesday the last 2 days of the month of August.  Most buyers like to close at the end of the month so they can bring less to closings.

Fox Valley Market Update Week 35

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

Aurora-New 22 $169,000-$599,000

             Closed-61 $106,000-$705,000

Batavia-New 6 $114,900-$469,900

             Closed-12 $229,000-$580,000

Bolingbrook-New 13 $220,000-$614,900

                    Closed-28 $157,000-$490,000

Geneva-New 7 $285,000-$995,000

             Closed-13 $264,500-$465,000

Montgomery-New 12 $214,900-$375,000

                     Closed-17 $200,000-$365,000

Naperville-New 46 $275,000-$3,600,000

                  Clsoed-64 $280,000-$2,250,000

Oswego-New 11 $264,900-$675,000

              Closed-17 $225,000-$640,000

Plainfield-New 24 $249,000-$599,900

                Closed-57 $255,000-$525,000

St Charles-New 18 $159,000-$1,345,000

                   Closed-27 $187,250-$1,395,000

Yorkville-New 8 $259,900-$589,900

                Closed-19 $230,000-$739,900

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

Median list price this week $350,000, last week $355,000.  Closed median price this week $345,000, last week $355,000.  A slight change from the week before.  Nothing too drastic.

Fox Valley Real Estate Market update week 35-Stats 090421
Median prices this week

Homes closed using conventional financing this week 281, last week 199. Closed this week using Cash 34, last week 33.  This is out of 387 closed this week.  Conventional is still the what most seller’s are looking for.

Fox Valley Real Estate Market Update Week 35- Conventional and Cash 090421
Conventional and Cash

FHA this week 46, last week 34.  VA this week 25, last week 7.  It is great to see more of FHA and VA getting accepted and closed.  They have really struggled to get through earlier this year.  So many of those buyers gave up.  So I hope they will start looking again.

Fox Valley Real Estate Market Update Week 35-FHA and VA 090421
FHA and VA Financing

Out of 387 closed this week 237 of them were 2,000 square feet or more.  The median closed price was $420,000 this week, last week it was $423,550.  Not much difference there.  Minimum closed price was $140,000 this week with list price of $150,000.  This gives you an idea of what 2,000 square feet or more costs you here in the Fox Valley area of Illinois.

Fox Valley Real Estate Market Update Week 35-2000 sf or more 090421
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down.  251 this week compared to 286 the week before.  The market should pick back up again after the Labor Day weekend.

Fox Valley Real Estate Market Update Week 35-Contacts accepted this week
Contracts accepted this week

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

Aurora-43                             Bolingbrook-26

Montgomery-12                     Naperville-26

Plainfield-30                         St Charles-15

West Chicago-12                   Yorkville-16

1 short sale was accepted this week.  It was in Plainfield.  Now it will be submitted to the lender to see if they will also accept it.  Most homeowners that are having trouble paying their mortgage can sell without doing a short sale.  The prices have increased enough that most of them can sell and might even get some money at closing to move.

Seller’s have accepted contracts that are contingent on the buyer closing on their current home.  7 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

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

2021 by the month

Month              New     Closed     Contracts accepted

January                    543            649                 829

February                   561            604                 778

March                       993          1099                1455

April                        1006            926                1387

May                         1088           1228                1289

June                        1450           1686                1671

July                          1118            1182                1210

August                     1109            1203                1170

September                204             387                  251

Totals               8072          8964               10040

Single family homes have been selling.  It has been a good year with a very tight market so far.  Check back with us every Saturday for the real estate market update.  At the end of each month we take a look back at 2020 and 2019 as well so you can see how things have been going.

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.

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

Are you thinking about buying this year?  You need to get with a loan officer and get all your financial information to them so they can get you pre approved.  Seller’s today want to see more than just calling up a loan officer and talking to them on the phone,  They want to know that the loan officer has seen all your information and ran the credit check and put it through underwriting.  It also will make it much faster when you find a home to get the loan approved.

Resources:

If you need recommendations for loan officers, real estate attorneys or home inspectors we can send you a few to contact and you can decide who you want to work with.

Fox Valley real estate market update week 35.  Happy Labor Day weekend!  Enjoy and be safe.

Fox Valley real estate market update week 35-Kristine Heiman Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 6038

630-503-6555 ext 101

 

 

 

How many homes closed 2,000 square feet or more week 34

How many homes closed 2,000 square feet or more week 34-Cover

How many homes closed 2,000 square feet or more week 34.  This is one way to search homes that you are looking for if you know less than 2,000 square feet will not work for you.  We will let you know how this week went shortly.

New listings of single family homes was down this week.  221 this week compared to 256 the week before.  So many people are getting the kids in school this past week.  It is a big adjustment especially for the kids that did not attend in-person school last year.  Hopefully things will settle down and get back to thinking about housing.

Closed listings of single family homes were also down.  273 this week compared to 299 the week before.  This is the last full week of the month.  Monday and Tuesday the last days of the month.  We are back to scheduling things around school.  During last year with the pandemic, and kids not attending in-person classes, people were not worrying about the school schedule.

How many homes closed 2,000 square feet or more week 34

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

Aurora-New 33 $167,500-$690,000

            Closed-43 $90,000-$451,500

Bolingbrook-New 17 $195,000-$415,000

                   Closed-19 $198,000-$544,000

Geneva-New 5 $349,900-$474,000

            Closed-11 $295,000-$680,000

Montgomery-New 8 $212,000-$300,000

                     Closed-10 $217,000-$376,000

Naperville-New 37 $285,000-$1,300,000

                 Closed-52 $245,000-$1,750,000

Oswego-New 11 $249,000-$549,000

             Closed-15 $250,000-$435,900

Plainfield-New 31 $249,000-$774,400

                Closed-40 $180,000-$630,000

St Charles-New 13 $265,000-$990,000

                  Closed-22 $205,000-$990,000

Yorkville-New 12 $219,900-$515,000

               Closed-10 $209,000-$430,000

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

Median list price this week $355,000, same as the week before.  Closed median price this week $355,000, last week $359,900.  Prices are not changing that much right now.

How many homes closed 2,000 square feet or more week 34-Stats 082821
Median prices this week

Homes closed using Conventional Financing this week 199, last week 218. Cash homes that closed this week 33, last week 24.

How many homes closed 2,000 square feet or more week 34-Conv and cash 092821
Conventional and Cash financing

Homes closed using FHA financing this week 34, last week 47.  VA financing this week 7, last week 10

How many homes closed 2,000 square feet or more week 34-FHA and VA 082821

Out of 273 homes that closed this week 166 of them were 2,000 square feet or more with a median closed price of $423,550, and list price $419,900.   The minimum closed price $207,000 with minimum list price $199,900.  This gives you an idea of what 2,000 square feet costs you here in the Fox Valley area of Illinois.

How many homes closed 2,000 square feet or more week 34-2,000 square feet or more 082821
2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down.  286 this week compared to 300 the week before.  Hopefully after the adjustment of getting back in the routine of school things will go back to normal.  The market is not down that much.

How many homes closed 2,000 square feet or more week 34-Contracts accepted this week

Look at the communities with the most contracts accepted this week:

Aurora-49                            Bolingbrook-21

Geneva-10                            Montgomery-16

Naperville-35                       Oswego-13

Plainfield-46                        St Charles-19

Sycamore-10                        West Chicago-14

Yorkville-12

No short sales were accepted this week.

Seller’s accepted contracts that are contingent on the buyer to close on their current home.  7 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

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

2021 by the month and a look back at 2020 and 2019

2021

Month                        New     Closed     Contracts accepted

January                       543           649                   829

February                     561            604                   778

March                         993          1099                  1455

April                          1006           926                  1387

May                           1088          1228                  1289

June                          1450          1686                  1671

July                           1118           1182                   1210

August                       1109          1203                   1170  

Totals                     7868          8577                  9789

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

August                      1037           1335                    1436

Totals                9244           7294                  10002

2019

Month            

January                     878              407                     568

February                  1032              463                     832

March                      1731               915                    1375

April                        1594              792                    1307

May                         1645              995                    1280

June                        1643            1253                     1218

July                         1423            1008                     1090

August                     1585            1330                     1196

Totals                     11531            7163                    8866

More homes have been closed this year than the previous 2 years even with a tighter market.  You can see the steady decline in new listings.  Normally, August is the best month for closings right before school starts.  This year it was June.  It has been a really hard year for buyer’s.  They have had so much competition for homes and not many to choose from.  Prices have gone up so much that some have been priced out of the market.  We hope inventory will improve.

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.

Thinking about selling before the holidays?  Request a home valuation and tell us a little bit about your home and what improvements have been recently completed.  We will 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.

Do you want to buy a home this year?  You need to contact a loan office that is willing to pre approve you before you find the home.  You need to get them all your financial information.  Pre-qualifying just is not enough anymore.  You need to be ready to go with a letter in hand to go with an offer.  A seller will not consider you without it.  You might also need to show proof of funds.  You can have your financial institution write a letter showing you do have the funds available for the down payment and closing costs.  That might even improve your chances if there is multiple offers.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s or home inspector’s we can give you a few of each and you can decide who you want to work with.

How many homes closed 2,000 square feet or more week 34.  Have a great week!

How many homes closed 2,000 square feet or more week 34-Kristine Heiman Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 25

2021 Real Estate market update week 25 Cover

2021 real estate market update week 25.  New listings of single family homes is down.  285 this week compared to 315 the week before.  This is so discouraging for buyers that are waiting for new listings to come on the market.  They just can not come on the market fast enough.  Prices continue to rise because of the shortage of homes on the market.  Some buyers are even getting priced out of the market.

Closed listings of single family homes was also down.  292 this week compared to 315 the week before.  Monday through Wednesday next week I am sure will be busy.  The last days of the month when most buyers want to close.

2021 Real Estate Market Update Week 25

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

Aurora-New 39 $149,900-$599,900

            Closed-41 $120,000-$535,000

Batavia-New 15 $239,900-$725,000

             Closed-5 $105,000-$408,000

Bolingbrook-New 22 $214,900-$518,700

                    Closed-19 $165,300-$505,000

Geneva-New 11 $275,000-$665,000

             Closed-10 $265,000-$725,000

Naperville-New 63 $275,000-$1,790,000

                 Closed-66 $280,000-$1,683,000

Oswego-New 8 $325,000-$619,000

              Closed-14 $150,000-$540,000

Plainfield-New 33 $210,000-$565,000

                Closed-45 $225,000-$973,665

St Charles-New 24 $200,000-$995,000

                 Closed-26 $257,000-$915,000

Yorkville-New 14 $280,000-$589,900

              Closed-9 $295,000-$490,000

Median list price this week $370,000 last week $374,450

Median closed price this week $373,750 last week $361,000

2021 Real Estate Market Update Week 25-Stats

Contracts accepted this week

Contracts accepted this week on single family homes was up.  355 this week compared to 332 the week before.  We are still seeing multiple offers.  Strong sellers market continues.

2021 Real Estate Market Update Week 25-Contracts accepted this week

Look at the communities sellers accepted them ost contracts:

Aurora-57                                     Bolingbrook-28

Montgomery-13                            Naperville-68

Oswego-19                                   Plainfield-44

St Charles-26                               Yorkville-12

1 short sale was accepted this week by a seller on a single family home.  It was in St Charles.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 11 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 48 hours.

2021 real estate market update by the month

Month                   New     Closed     Contracts accepted

January                 543        649               829

February               561        604               778

March                  993      1099             1455

April                  1006        926             1387

May                   1088     1228             1289

June                  1211     1267             1346

Totals                5402     5773             7084

You can see how things increased from March on, and it is not slowing down a bit.

Check back with us every Saturday.  At the end of each month we will also look back at 2020 and 2019 so you can see how this year is going..

Next week I will compare to the previous 2 years since there are 3 days next week of June.

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.

Request a home valuation if you are thinking about selling this year.  You will see what your home is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  You have to be both patient and on the ball.  You will most likely be up against multiple offers  When a listing comes on the market you have to be ready to go see it that day.  Getting prequalified is not enough.  You need to get preapproved.   If your loan officer will not do that, find another one that will do it.

If you will be buying with cash, you will need a letter from your financial institution stating that you have the money available to purchase that priced home plus closing costs.

Resources

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

Buying/selling a home is very exciting.  It also can be very stressful.  We will guide you through the process and explain everything to you so you know what to expect.

All data came from our MLS MRED, LLC

2021 real estate market update week 25.  Have a great week!

2021 market update week 25-Kristine HEiman, Designated Managing BrokerKristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 22

2021 Real Estate market update week 22 Cover

2021 real estate market update week 22.  New listings of single family homes were up.  314 this week compared to 291 the week before.  We will take any increase no matter how small.

Closed listings of single family homes were down.  321 this week compared to 385 the week before.  This is the difference between the end of the month and the beginning.  Most buyers want to close at the end of the month to bring less money to closing.

2021 Real Estate Market Update Week 22

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

Aurora-New 41 $105,000-$689,900

            Closed-39 $127,000-$511,983

Bolingbrook-New 23 $235,000-$797,777

                     Closed-10 $295,000-$435,000

Geneva-New 15 $265,000-$748,995

              Closed-14 $237,500-$750,000

Montgomery-New 5 $240,000-$329,900

                     Closed-12 $165,000-$320,000

Naperville-New 66 $324,900-$1,795,000

                 Closed-76 $260,000-$1,419,900

Oswego-New 19 $229,500-$599,000

               Closed-22 $257,000-$740,000

Plainfield-New 51 $219,900-$849,000

                Closed-53 $180,000-$540,000

St Charles/Campton HIlls-

                New 26 $189,000-$1,895,000

                Closed-25 $255,000-$900,000

Wet Chicago-New 7 $220,000-$649,900

                      Closed-11 $180,000-$770,000

Median listing price this week is $375,000, and last week it was $355,000.

Median closed price this week is $390,000, and last week it was $355,000

2021 Real Estate Market Update Week 22-Stats 060521

Contracts accepted this week

Contracts accepted this week are down.  314 this week compared to 337 the week before.  They are not down by too much to be concerned about any changes.2021 Real Estate Market Update Week 22-Contracts accepted this week

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

Aurora-53                                   Batavia-11

Bolingbrook-21                          Geneva-19

Montgomery-12                         Naperville-53

North Aurora-12                         Plainfield-42

St Charles/Campton Hills-15     West Chicago-15

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

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

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

2021 real estate market update by the month

Month                 New      Closed     Contracts accepted

January                543            649                  829

February              561            604                  778

March                  993          1099                 1455

April                   1006            926                 1387

May                   1088          1228                 1289

June                    314            321                   314

Totals                 4505         4827                  6052

Closed is the column to always pay the most attention too.  These are actual numbers. Some homes can go back on the market and then get another contract.

May looks to be the best month so far for closings.  It makes sense that March was the best month for contracts accepted.  You can see the difference though in how many of those closed.

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.

What are you waiting for?  Let’s get your home on the market!  Request a home valuation so we can show you what is is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with.  This will be updated once an offer comes in and we know all the terms so you can make a good decision.

If you are wanting to buy a home this year you need to find a loan officer that will get you pre approved, not just prequalified.  YOu need to provide them with your tax returns and all financial information.  Today the market is too competitive.  You have to take the extra step and get pre approved subject to finding the home.

Resources:

It is wonderful to be a seller right now.  Frustrating to be a buyer.

We an make recommendations for real estate attorney, home inspector and loan officers.  You can choose who you want to work with.

Let us know what questions you have.

All data came from MRED LLC.

2021 real estate market update week 22.  Have a great week!

2021 market update week 22-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

2021 Real Estate Market Update Week 21

2021 Real Estate market update week 21 Cover

2021 real estate market update week 21.  New listings of single family homes are up. 291 this week compared to 267 the week before.  We are heading in the right direction.    The need is greater though.

Closed listings of single family homes are up.  385 this week compare to 299 the week before.  It is the end of the month when you expect the numbers to be higher.

2021 Real Estate Market Update Week 21

 

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

Aurora-New 43 $130,000-$589,900

            Closed-54 $80,000-$484,000

Batavia-New 8 $274,900-$425,000

             Closed-14 $145,000-$799,000

Bolingbrook-New 18 $220,000-$525,000

                     Closed-23 $161,500-$497,000

Geneva-New 13 $229,000-$799,000

             Closed-14 $200,000-$970,000

Montgomery-New 11 $157,000-$950,000

                     Closed-8 $212,000-$330,000

Naperville-New 52 $269,000-$1,500,000

                 Closed-80 $280,000-$1,095,000

Oswego-New 10 $269,000-$450,000

              Closed-26 $245,000-$539,900

Plainfield-New 34 $219,000-$609,900

                Closed-56 $180,000-$651.500

St Charles/Campton Hills-

                New 16 $207,900-$749,999

                Closed-24 $265,000-$700,000

Sycamore-New 12 $139,900-$479,900

                 Closed-8 $165,000-$745,000

West Chicago-New 11 $239,000-$550,000

                        Closed-14 $170,000-$656,000

Yorkville-New 4 $305,000-$349,900

               Closed-10 $215,000-$724,900

Median list price of single family homes this week $355,000 last week $369,054

Median closed price of single family homes this week $355,000 last week $358,000

2021 Real Estate Market Update Week 21-Stats 052921

Contracts accepted this week

Contracts accepted on single family homes this week were up.  337 this week compared to 322 the week before.  Now to get them past home inspection, attorney review and the appraisal comes back at the right price.

2021 Real Estate Market Update Week 21-Contracts accepted this week

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

Aurora-58                          Bolingbrook-18

Geneva-17                         Montgomery-12

Naperville-61                     North Aurora-12

Plainfield-43                      St Charles/Campton Hills-42

Sycamore-15                     West Chicago-11

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 12 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.  1 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month                       New     Closed     Contracts accepted

January                      543           649                 829

February                    561           604                 778

March                        993          1099              1455

April                         1006            926              1387

May                         1088          1228              1289

Totals                      4191          4506               5738

2020

January                   1105            566                 858

February                 1267            529               1024

March                     1186             707               1079

April                          648            786                 775

May                        1352          1010               1444

Totals                     5558           3598               5180

2019

January                   878             407                 568

February               1032             463                 832

March                    1731             915               1375

April                       1594             792               1307

May                       1645             995                1280

Totals                     6880           3572               5362

You can see 2021 has had the most closed with the least new listings.  Buyers are ready, but sellers are not.  This is why we are having multiple offer situations.  It is a great time for sellers to sell!  If you are waiting for the right time to sell the time is now.

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.  I think you will be surprised. We provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you need to plan way in advance.  Get in touch with a loan officer that will take the next step and get you pre approved subject to finding the home.  You have to be ready to go in this market when you are up against so many other buyers submitting offers on the same home.  You need to look like the best offer.

Resources:

This market is very competitive for buyers.  You need to go look the day a home hits the market, and be ready to submit an offer right away.  If you blink it will be gone.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can recommend a few of each so you  can choose who you want to work with.

Connect with us on Facebook, Linkedin and twitter.  On Facebook you can click on the shop button to search for a home there.

All data came from our MLS MRED LLC.

2021 Real estate market update week 21.  Have a great week!

2021 market update week 21-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

2021 Real Estate Market Update Week 20

2021 Real Estate market update week 20 Cover

2021 real estate market update week 20.  New listings of single family homes are down.  267 this week compared to 294 the week before.  This is making it even harder for buyers.  Right now they are competing with multiple offer situations.  This increases their competition.

Closed listings of single family homes are up.  299 this week compared to 266 the week before.  We are getting closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 20

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

Aurora-New 34 $109,000-$739,900

            Closed-37 $131,500-$593,000

Batavia-New 8 $346,000-$519,000

             Closed-12 $146,000-$650,000

Bolingbrook-New 12 $209,900-$545,000

                     Closed-17 $185,000-$502,350

Geneva-New 14 $239,500-$749,000

              Closed-13 $240,000-$907,000

Montgomery-New 10 $169,900-$329,000

                      Closed-7 $199,000-$325,000

Naperville-New 63 $324,900-$1,350,000

                 Closed-58 $300,000-$1,450,000

Oswego-New 7 $310,000-$500,000

               Closed-20 $215,000-$500,000

Plainfield-New 31 $234,000-$758,400

                Closed-36 $250,000-$610,000

St Charles/Campton Hills-

                New 28 $189,900-$1,995,000       

                Closed-32 $180,000-$1,075,000

West Chicago-New 8 $250,000-$699,999

                        Closed-11 $190,000-$515,000

Yorkville-New 8 $257,500-$1,150,000

               Closed-14 $205,000-$685,000

Median list price this week $369,054 compared to last week $375,000

Median closed price this week $358,000 compared to last week $360,000

2021 Real Estate Market Update Week 20-Stats 052221

Contracts accepted this week

Contracts accepted this week were up.  322 this week compared to 290 the week before.  Right now it almost makes you feel like you won the lottery when you get your offer accepted with all the competition that is out there.

2021 Real Estate Market Update Week 20-Contracts accepted this week

Look at the communities that sellers accepted the most contracts:

Aurora-59                                  Bolingbrook-23

Geneva-17                                Montgomery-11

Naperville-52                             Oswego-17

Plainfield-33                              Plano-12

St Charles/ Campton Hills-20   Sycamore-10

West Chicago-14

1 short sale was accepted this week on a single family home.  It was in Naperville.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 1 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. 1 with a kick-out clause of 72 hours and also 1 with 48 hours.

2021 real estate market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649                 829

February                  561           604                 778

March                      993          1099               1455

April                       1006            926               1387

May                         797            843                 952

Totals                    3900           4121              5401

Closed is actual numbers.  New and contracts accepted can not be relied on.  Some new listings can be listed as new again.  Contracts accepted, if they do not make it past the home inspection and attorney review, can go back on the market and get another contract.

So far March has been the best month this year for closed homes.

Check back with us every Saturday for the market update.  Next week we will compare to 2020 and 2019.  We do that at the end of every month so you can see how this year is going.

Contact us

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

This is the best time to sell if you are thinking about it anytime in the near future.  Prices are increasing with the continued low inventory of homes for sale. 

Request a home valuation to see what your home is worth in today’s market. I think you will be be very pleasantly surprised.  Tell us about your home and what you have updated recently.  We will provide you with a net proceeds that shows you the expenses to sell.  It will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home this year? Plan way in advance.  You are up against a lot of competition.  You might need to put offers on a few homes before you get your offer accepted   You need to work with a lender that will pre approve you subject to finding the home.  It will take more than just a phone call.  You will need to submit all your financial information so make sure you have all that together. 

Resources:

We can make recommendations for loan officers, real estate attorneys and home inspectors  that you can choose from if you don’t know someone already.

2021 real estate market update week 20.  Have a great week!

2021 market update week 20-Kristine HEiman, Designated Managing BrokerKristine Heiman-Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 18

2021 Real Estate market update week 18 Cover

2021 real estate market update week 18.  New listings of single family homes were down this week.  236 this week compared to 273 the week before.  We are not heading in the right direction.  Prices will continue to rise until we get enough listings to satisfy the buyers that are out there looking.

Closed listings of single family homes are about the same this week.  278 this week compared to 280 the week before.  That is pretty consistent, and it shows that buyers are still out there willing to write offers even with the increase in prices.

2021 Real Estate Market Update Week 18

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

Aurora-New 37 $99,900-$899,900

            Closed-36 $85,000-$534,500

Bolingbrook-New 19 $175,000-$469,000

                    Closed-17 $33,000-$415,000

Geneva-New 8 $225,000-$559,900

              Closed-17 $242,000-$870,000

Montgomery-New 2 $205,000-$315,000

                     Closed-11 $207,000-$358,000

Naperville-New 48 $289,000-$3,600,000

                 Closed-58 $326,000-$2,250,000

Oswego-New 9 $185,000-$399,000

              Closed-13 $155,000-$558,942

Plainfield-New 29 $249,900-$750,000

                Closed-31 $203,000-$540,000

St Charles/ Campton Hills-

                New-20 $250,000-$1,200,000

                Closed-20 $191,900-$1,600,000

Sycamore-New 11 $149,900-$450,000

                  Closed-9 $253,000-$502,000

Median list price this week is $350,000.  Last week it was $365,000

Median Closed price this week is $360,000.  Last week it was $360,450.

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

Contracts accepted this week on single family homes were up.  340 this week compared to 328 the week before.  It is a great time to sell!

2021 Rela Estate Market Update Week 18-Contracts accepted this week

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home.  It was in Sycamore.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 with 24 hours.

Also, sellers 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.

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543           649                  829

February                     561           604                  778

March                         993          1099                1455

April                          1006            926                1387

May                             236            278                 340

Totals                        3339           3556              4789

The closed column is the most important one.  This is actual numbers.  The new and contracts accepted could be counted more than once if a home is relisted as new, or has a contract accepted, and then it does not make it through the home inspection and attorney review period.  It could get relisted again, and then another contract accepted.

Check back with us every Saturday for the real estate market update.  At the end of each month we will take a look back at 2020 and 2019 so you an compare to see how this year is going.

Contact us

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

It is a great time sell!  Prices are increasing.  Request a home valuation and give us some information about your home, and what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in, and we know all the terms so you can make a good decision.

Are you thinking about buying this year?  You need to talk to a loan officer and submit all your financial information so they can get you pre-approved.  You need to take this extra step and get pre-approved with the market right now.   Homes are selling very fast  with multiple offers.  You need to be ready to go look as soon as a home hits the market, or it will be gone.  The loan officer will give you a letter showing what you qualify for, and what type of loan.  This will go with an offer when you find a home.

Resources:

One of the IDHA programs might help payoff student debt, and another one if you stay there at least 5 years you might not have to pay it back.  It is worth your time to check them out.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can provide a few of each so you can decide who you want to work with.

All data information used is from our multiple listing service MRED, LLC.

2021 real estate market update week 18.  Have a great week!

2021 market update week 18Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101    

2021 Real Estate Market Update Week 17

2021 Real Estate market update week 17 Cover

2021 real estate market update week 17.  Seller’s market continues!  New listings of single family homes were up this week.  273 this week compared to 232 the week before.  Great but we need to really increase these number of new listings or prices will continue to rise.

Closed listings of single family homes was also up this week.  280 this week compared to 232 the week before.  It is the last week of the month when most buyers want to close so this was to be expected.

2021 Real Estate Market Update Week 17

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

Aurora-New 42 $155,500-$629,000

            Closed-39 $140,000-$540,000

Batavia-New 13 $259,900-$997,500

             Closed-8 $242,500-$884,536

Bolingbrook-New 11 $180,000-$699,000

                     Closed-11 $204,000-$370,100

Geneva-New 19 $249,00-$949,000

             Closed-18 $220,500-$1,000,000

Montgomery-New 11 $190,000-$399,900

                      Closed-3 $179,900-$220,000

Naperville-New 53 $219,900-$1,999,995

                 Closed-55 $287,000-$1,385,000

Oswego-New 10 $264,000-$850,000

              Closed-18 $135,000-$530,000

Plainfield-New 29 $229,900-$699,900

                Closed-37 $170,000-$509,770

St Charles/Campton Hills-

               New-26 $195,000-$1,550,000

               Closed-20 $230,000-$1,160,500

West Chicago-New $12 $135,900-$599,000

                      Closed-8 $180,000-$441,251

Yorkvillle-New 11 $244,900-$430,000

               Closed-7 $187,000-$526,645

Median list price this week $365,000 compared to last week $350,000.  Median closed price this week $360,450 compared to last week $352,000. 

Contracts accepted this week

Contracts accepted this week were up.  388 this week compared to 344 the week before.

2021 Real Estate Market Update Week 17-Contracts accepted this week

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

Aurora-48                             Batavia-13

Bolingbrook-19                    Geneva-12

Naperville-65                       Oswego-13

Plainfield-53                        St Charles/ Campton Hills-27

Sycamore-12                       West Chicago-11

1 short sale was accepted this week by a seller.  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.  7 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

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

2021 real estate market update by the month and also a look back at 2020 and 2019

2021

Month                    New     Closed     Contracts accepted

January                 543         649              829

February               561         604              778

March                   993      1099            1455

April                   1006        926            1387

Totals                  3103      3278            4449

2020

January              1105        566               858

February            1267        529             1024

March                1186       707              1079

April                    648       786                 775

Totals                 4206    2588               3736

2019

January               858       407                 568

February           1032       463                 832

March               1731      915               1375

April                 1594      792               1307

Totals                5215   2577               4082

The closed column is the most important one to look at.  These are actual numbers.  More single family homes have closed this year than the previous 2 years.  You can see more closed than new listings until April.

New listings can sometimes go back up as a new listing in normal times.  Right now they are selling before that happens.

Contracts accepted can sometimes be counted more than once.  Sometimes they do not make it past the home inspection and attorney review, and go back on the market and then counted again once they get another contract accepted.  Right now some homes are having a problem with the appraised price.  It is coming in lower than the contract price.  If they can’t negotiate to solve this issue the home will go back on the market.

It is definitely a seller’s market still, and will continue to be until more homes come on the market or the buyers start slowing down that are looking.

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.

Thinking about selling this year?  Request a home valuation, and give us some information about your home.  What have you updated lately?  New roof, painting, appliances or any other updates.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in.

If you are thinking about buying, you need to be ready with a pre-approval letter from your loan officer. Right now things are selling as fast as they go on the market. You need to go look the day it is listed and ready to write an offer right away, or you will lose out. We can schedule a zoom meeting to go over the process and get you familiar with the contract so you can be ready to go.

Resources:

It might be worth your time to look over these resources.  You can also ask your loan officer if they are offering any programs.  One of the IDHA programs might help payoff student debt and the other one if you live there for 5 years or more you might not have to pay back.

We can make recommendations of loan officers, real estate attorney and home inspectors.  Just let us know.

All the information is provided by the multiple listing service MRED LLC..

2021 real estate market update week 17.  Have a great week!

2021 market update week 17Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 13

2021 Real Estate market update week 13 Cover

2021 real estate market update week 13.  New listings on single family homes were down this week.  192 this week compared to 222 the week before.  Hopefully the holiday week is holding people back from putting their home on the market and it will pick up next week.  Until more homes start coming on the market prices are rising rapidly and multiple offers is the norm.  Very frustrating for buyers right now. 

Closed listings on single family homes increased this week.  274 this week compared to 209 the week before.  End of the month is the busiest for closings.  Most buyers want to close at the end of the month so they bring less money to closing for interest for the month.

2021 Real Estate Market Update Week 13

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

Aurora-New 31 $125,000-$735,000

            Closed-40 $111,000-$639,000

Bolingbrook-New 15 $186,000-$480,000

                    Closed-18 $187,997-$470,000

Naperville-New 45 $249,000-$2,100,000

                 Closed-54 $251,017-$1,031,000

Oswego-New 11 $100,000-$549,900

              Closed-15 $307,682-$622,000

Plainfield-New 25 $218,000-$1,190,000

                Closed-35 $235,000-$590,000

St Charles/Campton Hills-

                New-15 $199,999-$1,595,000

                Closed-25 $210,000-$1,150,000

West Chicago-New 4 $239,000-$489,000

                      Closed-10 $200,000-$501,000

Yorkville-New 4 $249,900-$398,000

              Closed-15 $146,000-$807,500

2021 Real Estate Market Update Week 13-Stats

Median list price of single family homes this week is $359,700 and the median sold price $352,500.

Contracts accepted this week

Contracts accepted on single family homes were almost the same this week.  299 this week compared to 293 the week before.  That is pretty consistent.

2021 Real Estate Market Update Week 13-Contacts Accepted This Week

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

Aurora-37                             Bolingbrook-12

Geneva-18                            Montgomery-13

Naperville-56                        Oswego-16

Plainfield-44                         St Charles/Campton Hills-25

Yorkville-14

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours and 2 with 48 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 and 2 with 48 hours.  Accepting contracts with contingencies other then financing are slowing down because of multiple offer situations.  Sellers are looking for offers with the least amount of hurdles to get past to get to closing.

2021 real estate market update week 13 by the month

2021

Month                    New     Closed     Contracts accepted

January                  543       649               829

February                561       604               778

March                   993     1099             1455

Totals                  2097     2352             3062

2020

January              1105       566               858

February            1267       529             1024

March               1186        707             1079

Totals                3558      1802             2961

2019

January              878         407               568

February          1032         463               832

March              1731         915            1375

Totals               3641       1785            2775

Closed is the most important column to look at.  These are actual numbers.  New and contract accepted can be counted twice if a property is relisted or a contract is accepted and it does not get past home inspection and attorney review.  Still this year we had the lowest new listings but the most closed homes. 

You can see why the prices are rising with the limited inventory of homes.  Until more homes come on the market the prices wil continue to rise.  Buyers are waiting to pounce on a new listing.  Don’t miss out on this great opportunity to sell!

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.

Request home valuation if you are thinking about selling so you can see where you are at in today’s market.  Tell us a little bit about your home and any recent updates that have been completed.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to get prequalified with a loan officer and have a letter of pre-approval in hand to start looking.  The market is moving very quickly and you have to be ready to go.  This letter will go with an offer when you find a home to show the seller you do qualify for their home.

Resources to check out:

One of those IDHA programs might help with student debt and the other one if you stay in the home 5 years the assistance money might be forgiven.

IF you need recommendations for loan officers, real estate attorneys or home inspectors we can give you a few of each to contact so you can decide who you would like to work with.

2021 real estate market update week 13.  Have a great week!

2021 market update week 13Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Market Update Week 11

2021 market update week 11 Cover

2021 market update week 11.  New listings on single family homes were down this week.  171 this week compared to 218 the week before.  We are going in the wrong direction.  Today is the first day of Spring.  We should be listing more not less homes.  Seller’s where are you?  Contact me as soon as possible.

Closed listings of single family homes were up this week.  226 this week compared to 177 the week before.  We are heading towards the end of the month when most buyers want to close.  They should increase next week as well.

2021 Market Update Week 11

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

Aurora-New 16 $99,900-$699,000                   

            Closed-21 $140,000-$544,000

Bolingbrook-New 12 $229,700-$410,000

                    Closed-12 $217,000-$438,820

Geneva-New 7 $239,900-$574,900

             Closed-12 $259,000-$605,000

Naperville-New 53 $269,900-$3,000,000

                 Closed-51 $287,500-$1,304,000

Oswego-New 5 $269,900-$509,900

              Closed-15 $220,000-$505,000

Plainfield-New 24 $183,000-$629,000

                Closed-27 $195,000-$584,652

St Charles/Campton Hills-

                 New 14 $199,900-$1,450,000

                 Closed-17 $212,100-$1,200,000

Yorkville-New 6 $240,000-$425,000

               Closed-10 $240,000-$414,000

You should be able to click on the photo above to see the other communities and price ranges.  You might need to look at these other communities that are not your first choice to find a home.  They are going fast though everywhere.

Contracts accepted this week

Contracts accepted on single family homes were up this week.  304 accepted this week compared to 289 the week before.  Buyers are fighting over the listings that are available.  Multiple offers are here to stay until more homes come on the  market.

2021 Market Update Week 11-Contracts accepted this week

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

Aurora-44                              Bolingbrook-20

Geneva-18                             Montgomery-13

Naperville-57                        Oswego-12

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

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

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 4 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours.

I really thought it would happen sooner that seller’s would not accept contracts that buyer’s still had to sell their home and close.  With all the competition out there and multiple offers seller’s are looking for the offer that has as few hurdles as possible to get past.

2021 market update by the month

Month                         New     Closed     Contracts accepted

January                       543        649               829

February                     561        604               778

March                        579         616               853

Totals                       1683      1869             2460

Check back with us every Saturday for the market update.  At the end of the month I will compare to 2020 and 2019 so you will have something to compare to so you can see how the market is going.

March is not even over yet and all the totals look like they will be higher than the previous 2 months.  We need to at least double the new listings though.

Contact us

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

Request a home valuation if you are thinking about selling.  Give us a little information about any updates you have recently completed.  We will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home?  Contact a loan officer with all your financial information to get prequalified.  You need to have everything in place and ready to go just in case you find a home.  Multiple offers are the norm right now so you might not want to look at the top of your price range unless you have more cash to put down.  So many homes are getting offers above the listed price because of low inventory of homes for sale.

Resources:

Let us know if there is other information that you are looking for.  I would be happy to point you in the right direction.  If you need recommendations for loan officers, home inspectors or real estate attorneys.  We can give you a few of each to contact to see which one you would prefer to work with.

2021 market update week 11.  Have a great week!

2021 market update week 11Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101