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

2021 Market Update Week 10

2021 market update week 10 Cover

2021 market update week 10.  New listings of single family homes are up again.  218 this week compared to 190 the week before.  This is helping but we need to double this and also have a wider range of prices.

Closing listings of single family homes are down.  177 this week compared to 213 the week before.  They will increase as we head to the end of the month when most buyers want to close.

2021 Market Update Week 10

2021 Market Update Week 10-Stats

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

Aurora-New 26 $160,000-$886,400

            Closed-30 $55,700-$600,000

Bolingbrook-New 16 $199,900-$469,000

                    Closed-11 $212,000-$529,900

Geneva-New 9 $269,900-$670,000

              Closed-12 $240,000-$755,689

Naperville-New 56 $300,000-$4,700,000

                 Closed-33 $270,000-$1,843,000

Plainfield-New 29 $210,000-$565,000

                Closed-15 $236,000-$650,000

St Charles/Campton Hills-

                New 17 $239,000-$795,000

                Closed-12 $175,000-$1,300,000

Yorkville-New 14 $189,900-$629,495

               Closed-12 $140,000-$445,000

The median list price this week is $365,000 and the median sales price is $330,000.

Contracts accepted this week

Contracts accepted this week are up.  289 this week compared to 260 the week before.  With 218 new listings this week that is not replacing how many went off the market this week.  We are still in a seller’s market.  Now is the time to sell!

2021 Market Update Week 10-Contracts accepted this week

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

Aurora-33                                   Bolingbrook-12

Geneva-17                                 Naperville-69

Oswego-16                                 Plainfield-34

St Charles/Campton Hills-21      West Chicago-13

Yorkville-12

No short sales accepted by seller’s this week.  That does not mean that there are none available.  That is 2 weeks in a row.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 9 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.

2021 market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649               829

February                  561           604               778

March                      408           390               549

Totals                    1512          1643             2156

Check back with us every Saturday for the update.  At the end of each month we will also compare to 2020 and 2019 so you can get an idea on how this year is going compared to the 2 previous 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 a great time to sell.  There is not enough homes on the market for the amount of buyers out there looking.  Prices are rising.  Request a home valuation so we can show you 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 might want to buy your first home or maybe a home with a little more room.  Get  2 years of tax returns, all your income and debt together and contact a loan officer to get prequalified.  They will provide you with a letter showing what type of loan and what price works out for you.  When you find a home we will send this with an offer to show the seller’s you do qualify for their home.  If you wait to find a home it will be too late.  Homes are selling fast right now.  You need to be ready.  If it is older than 30 days you will need to get it updated.

Resources to check out:

It might be worth your time to check the different programs.  There is 2 new IDHA programs that one might help out with student debt and the other one if you live there for at least 5 years you might not have to pay it back.

We have many brochures we can email you on Radon, Lead-based paint, understanding the costs and information about special service areas.

2021 Market Update Week 10.  Have a great week!

2021 market update week 10Kristine 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 8

2021 market update week 8 Cover

2021 market update week 8.  New listings of single family homes were up this week.  152 this week compared to 133 the week before.  We have had a wonderful week with temperatures.  It feels like Spring!

Closed listings on single family homes were also up this week.  208 this week compared to 134 the week before.  That is the difference of a week at the end of the month when most buyers want to close.

2021 market update week 82021 market update week 8 stats

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

Aurora-New 27 $115,000-$775,000

            Closed-24 $122,000-$512,000

Bolingbrook-New 5 $269,900-$348,000

                    Closed-12 $170,000-$432,000

Geneva-New 4 $324,900-$1,150,000

              Closed-12 $175,000-$600,000

Naperville-New 43 $299,000-$2,300,000

                 Closed-41 $265,000-$1,350,000

Oswego-New 7 $325,000-$499,900

               Closed-12 $271,000-$387,000

Plainfield-New 11 $250,000-$1,189,000

                Closed-23 $205,000-$540,000

St Charles/Campton Hills-

                New 7 $269,900-$809,000

                Closed-20 $280(which must be a mistake)-$815,000

Yorkville-New 6 $173,900-$364,900

               Closed-11 $274,000-$519,900

Contracts accepted this week

Contracts accepted on single family homes were also up this week.  257 this week compared to 242 the week before.  You can see the buyers are out there.  With only 152 new listings we are not increasing inventory of homes.  Now is the time to sell if you are thinking about it.  It continues to be a seller’s market with prices increasing.

2021 market update week 8-Contracts accepted this week

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

Aurora-31                                        Bolingbrook-14

Geneva-13                                      Naperville-37

Oswego-18                                     Plainfield-41

St Charles/Campton Hills-24          Yorkville-15

Only 1 short sale was accepted by a seller this week.  It was in Elburn.  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, 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 72 hours, 2 with 48 hours and 1 with 24 hours.

2021 market update week 8 and also a look back at 2020 and 2019

2021

Month                  New     Closed     Contracts accepted

January                 543           649                  829

February               561           604                   778

totals                   1104         1253                 1607

2020

January               1105           566                   858

February             1267           529                 1024

Totals                  2372         1095                 1882

2019

January                878            407                   568

February            1032            463                    832

Totals                 1910            870                  1400

Closed is the column to look at.  These are actual numbers.  New listings can be relisted and contracts accepted can have an issue come up and go back on the market.  Look how low we are with new listings even though more homes have closed this year.  If you are wondering why agents are knocking on your door or you are getting something in the mail it is because of the buyers out there with nothing to look at.  If you are thinking about selling now is the time.

Check back with us every Saturday for the market update.  At the end of each month I will compare it to the previous 2 years so you can see how this year is 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.

If you are thinking about selling this year request a home valuation so we can let you know 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 a home this year?  Talk with a loan officer first to get prequalified.  Get all your information together and keep it in a folder to keep handy.  They will provide you with a letter showing what type of loan and what price works out best for you.  When you find a home this will go with your offer to show the seller that you do qualify for their home.

Resources that might help you:

If there is other information that you are looking for let me know and I will point you in the right direction.  We can recommend a few real estate attorneys, home inspectors or loan officers so you can choose who you want to work with.

2021 market update week 8.  Have a great week!

2021 market update week 8Kristine 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 1 Cover

2021 market update week 1

2021 market update week 1.  It is the first full week of 2021.  New listings of single family homes almost doubled this week.  136 this week compared to 73 the week before.  Now that we are past the holidays things should get rolling along.

Closed single family homes this week were slightly down.  167 this week compared to 178 the week before.  Not too bad for the first week of the year.  Last week buyers were trying to get closed before the end of the year.

2021 market update week 1

 

 

 

 

 

 

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

Aurora-New 10 $145,000-$399,900

            Closed-25 $115,000-$565,000

Batavia-New 2 $349,000-$479,900

             Closed-12 $279,000-$525,000

Bolingbrook-New 2 $247,300-$269,900

                    Closed-17 $185,000-$420,000

Geneva-New 6 $174,900-$449,900

              Closed-10 $130,107-$1,050,000

Naperville-New 39 $349,900-$10,500,000

                 Closed-15 $265,000-$900,000

Oswego-New 12 $289,900-$550,000

               Closed-$230,000-$422,400

Plainfield-New 25 $250,000-$699,900

                Closed-18 $260,000-$528,317

St Charles/Campton Hills-

                 New-6 $315,000-$1,190,000

                 Closed-13 $240,000-$565,000

Yorkville-New 4 $275,000-$699,900

              Closed-10 $185,000-$575,000

I highlighted the communities with the most activity.  You should be able to click on the photo to see all the communities with activity this week. 

If you know you will be purchasing a home for a short time period you might want to stick to the communities that constantly have more activity.  It all depends on the price range and what you are looking for.

Contracts accepted this week

This first week of 2021 saw buyers back out there again ready to write offers.  Sellers accepted 159 contacts this week compared to 120 the week before.

2021 market update week 1-contracts accepted

 

 

 

 

 

 

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

Aurora-17                               Bolingbrook-12

Geneva-13                             Naperville-23

Plainfield-13                           St Charles/Campton Hills-21

Only 1 short sale was accepted this week by a seller.  It was in Sugar Grove.  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, 1 with 48 hours and 1 with 24 hours.

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

Resources that might help you

Always check with your loan officer to see what offers they have to help, but these are also worth your time to check.

If there is any other information that you are looking for just let me know  I would be happy to point you in the right direction.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can recommend a few that we have successfully worked with in in the past.

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 your home this year?  Request a home valuation and give us a little information about your home.  What updates you have recently completed and when you would like to get your home on the market.  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 so you can make a good decision.

If you are thinking about buying a home this year you will need to get some things together and contact a loan officer to get prequalified.  2 years of tax returns, pay stubs, bank statements, car payment information, credit card information and any other monthly expenses. Keep them in a folder.  You will need to probably send this information again once you apply for a loan when you find a home.  You will be given a letter from your loan officer showing the type of loan and price that you qualify for.  We will need to send this with an offer when you find a home.

2021 market update week 1.  Have a great week!

2021 market update week 1Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 51

Market update Fox Valley week 51.  New listings this week were down almost 32%.  100 new listings of single family homes this week compared to 147 the week before.  Sellers are waiting to get through the holiday at this point.  Next couple of weeks it should improve.

Closed listings were consistent with the week before.  242 closed single family homes this week compared to 241 the week before.  Next week is the last week of the month and year so there should be an increase then.

Market update Fox Valley week 51

 

 

 

 

 

 

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

Aurora-New 13 $179,000-$350,000

            Closed-34 $108,500-$675,000

Bolingbrook-New 6 $245,000-$509,900

                    Closed-10 $165,000-$429,000

Naperville-New 15 $395,000-$1,195,000

                 Closed-48 $140,000-$2,900,000

Oswego-New 3 $345,000-$450,000

              Closed-10 $235,000-$498,000

Plainfield-New 13 $235,000-$554,000

                Closed-28 $230,000-$550,000

St Charles/Campton Hills-

                 New-3 $414,900-$995,000

                 Closed-23 $196,500-$760,000

Yorkville-New 15 $268,490-$345,000

              Closed-13 $217,000-$705,001

Contracts accepted this week

Contracts accepted this week by sellers was pretty consistent.  189 single family homes accepted this week compared to 194 the week before.  Definitely some excited buyers and sellers right before Christmas!  Finding a home or getting a contract on your home is the first step to reaching your goal.

Market update Fox Valley week 51-Contracts accepted this week

 

 

 

 

 

 

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

Aurora-27                                 Naperville-27

Oswego-12                                Plainfield-25

St Charles/Campton Hills-17     West Chicago-10

2 short sales were accepted by sellers this week.  1 each in Naperville and Sugar Grove.  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.  4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  Only one this week with a kick-out clause of 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       1116             1159

November                  567          985               699

December                  377          630               570

Totals                    12207      11528          13933

Closed listings of single family homes is the most important column to look at.  This is actual numbers.  September was the best month so far this year followed by July then August.

New listing numbers you can’t count on because some of them were canceled and relisted.  The same for contracts accepted. Some of them did not make it through the home inspection and attorney review period for many different reasons and were put back on the market and then get a contract again.

It continues to be a sellers market.  Low inventory is causing prices to go up and we are seeing multiple offers continue with so many buyers still trying to find a home.

Next week is the last week of the year.  We will compare this year to 2019 and 2018 so you can see how this year compares to the previous 2 years.

Contact us

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

If you are thinking about selling your home request a home valuation so we can 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 and what you might walk away with at closing.  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 in 2021?  You need to contact a loan officer to get prequalified first.  Get 2 years of tax returns, pay stubs, bank statements, credit card payments, car payments and any other payments you make monthly together and get them to a loan officer so you can see what price range and what type of loan will work out best for you.  They will provide you with a letter that shows what you qualify for and that will go with an offer when you find the right home.  Sellers want to know that you qualify for their home before they will consider your offer.

Check out some great resources:

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

Market update Fox Valley week 51.  Have a great week and Merry Christmas!

Market update Fox Valley week 51Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

Market update Fox Valley week 46

Market update Fox Valley week 46Market update Fox Valley week 46.  New listings of single family homes are down 12.64%.  152 this week compared to 174 the week before.  We are definitely not listing enough homes to meet the demand of buyers.

Closed listings of single family homes are also down by 30.18%.  199 this week compared to 285 the week before.  Closings in the beginning of the month are 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 20 $139,900-$389,000

            Closed-25 $80,.000-$450,000

Batavia-New 3 $239,000-$335,000

             Closed-10 $212,000-$435,000

Bolingbrook-New 11 $229,900-$414,900

                     Closed-7 $205,000-$576,000

Montgomery-New 4 $188,900-$389,000

                     Closed-10 $197,950-$339,000

Naperville-New 25 $275,000-$849,900

                 Closed-33 $247,000-$1,480,000

Oswego-New 6 $239,900-$525,000

              Closed-12 $210,000-$437,500

Plainfield-New 22 $169,000-$569,000

               Closed-24 $190,500-$537,500

St Charles/Campton Hills-

                New-13 $229,000-$789.800

               Closed-14 $190,000-$667,449

Contracts accepted this week

Market update Fox Valley week 46-Contracts accepted this weekContracts accepted this week on single family homes were very consistent.  239 this week compared to 233 the week before.  Even though there were less listings this week buyers were still finding a home.  They fought for them with multiple offers in a lot of cases.

Look at the communities sellers accepted the most contracts:

Aurora-45                             Bolingbrook-20

Naperville-26                        Oswego-17

Plainfield-28                         St Charles/Campton Hills-18

Yorkville-10

Only 1 short sale was accepted by a seller this week.  It was in Plano.  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, 14 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, 4 with 48 hours and 1 with 24 hours.

2020 market update 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     1116              1159

November                  326        484                472

Totals                     11589   10397           13136

September is the best month so far this year for closed single family homes.  This is the only column with actual numbers you can count on.

New listings can be relisted as new.  Some agents do this so it does not look like it has been on the market very long.

Contract accepted may not end up closing because of home inspection issues or attorney review items could not be satisfactory negotiated.  They might be reactivated and then go contract pending again.  So you can’t count on these numbers.

At the end of each month I will compare to 2019 and 2018 so you can get an idea of how this year is going compared to those years.

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 your home.  We will provide you with a net proceeds that gives 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.

Are you thinking about buying a home?  You need to get your tax returns, check stubs, bank statements and any monthly payments like car payments together and contact a loan officer so they can prequalify you.  They will provide you with a letter that shows what price and what type of loan you qualify for.  When you find a home this will go with an offer so you can show the seller you do qualify for their home.

Check out some great resources:

Also check with your lender for any special programs they have.  You might be able to combine down payment assistance with some of their programs.

Homes are selling like hotcakes so if you are thinking about selling now is a great time!

Check back with us every Saturday for the market update.  Call us in-between with any questions or if you see something you would like to take a look at.

Market update Fox Valley week 46.  Have a great week!

Market update Fox Valley week 46Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020
Single family homes

Fox Valley market update 1-18-2020.  New listings increased  13.3%.  247 this week compared to 218 the week before.  That is great news for buyers that continue to search for just the right home to purchase.  Choices are good!  You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same.  108 this week and the last.  They should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 22 $109,900-$539,900

            Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

                     Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

             Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

                 Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

              Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

                Closed-13 $184,000-$405,000

St Charles/Campton Hills-

                New 22 $78,900-$1,700,000

                Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

               Closed-3 $130,000-$292,990

Contracts accepted this week

Fox Valley market update 1-18-2020-Contracts accepted this week
Single family homes

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before.  Buyers are looking for homes year round so don’t think this is not a good time to sell.  If the location, condition and price are right it will sell.  If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33                    Bolingbrook-15

Naperville-23               Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them.  These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week.  It was in Bolingbrook.  Now it will be submitted to the lender to see if they will also accept.

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

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

2020 by the month

Month                    New       Closed       Contracts accepted

January                  603          334                 440

Not bad for only 2 1/2 weeks into the new year.  Activity happens no matter what time of year it is.  You might want to get your home on the market now so you have less competition then when Spring market hits.  If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date.  No more than 30 days old.

Contact us

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

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

Are you looking to buy this year?  Make sure you contact a loan officer to get pre-approved so you are ready to go.  We will not show homes without it.  You don’t want to fall in love with a home that will not work for you.  You need to find out the price range and what type of loan that will work out best for you.  

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

 

Market Update Fox Valley-May 26 2018

Market Update Fox Valley-May 26 2018Market Update Fox Valley-May 26 2018.  Almost to the end of another month.  Memorial Weekend a time to honor the fallen soldiers. 

This week was lower with new listings.  329 this week compared to 425 last week.  I hope new listings pick up after the holiday weekend.

Closed listings were up this week.  322 this week compared to 259 last week.  There is 3 more days next week of the end of the month. 

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

Aurora-New 44 $84,900-$989,000                  Closed-43 $73,300-$1,459,000                Active-270 $75,900-$1,450,000 with 4 Auctions

Batavia-New 4 $180,000-$625,000                 Closed-12 $210,000-$451,000                 Active-89 $179,000-$1,210,000

Bolingbrook-New 17 $155,000-$599,000       Closed-30 $109,000-$493,000                 Active-115 $149,900-$699,999

Geneva-New 11 $293,500-$739,900               Closed-15 $206,500-$515,000                 Active-150 $170,000-$1,695,000

Minooka-New 10 $129,900-$380,000             Closed-2 $190,000-$245,000                   Active-50 $129,900-$1,195,000

Montgomery-New 17 $179,500-$280,000      Closed-10 $188,000-$294,500                 Active-71 $149,900-$343,000

Naperville-New 67 $279,900-$1,199,000        Closed-62 $220,000-$1,270,000              Active-642 $209,900-$6,888,000 with 2 Auctions

North Aurora-New 6 $189,900-$429,900        Closed-10 $160,000-$340,000                 Active-67 $167,000-$595,000

Oswego-New 13 $204,900-$485,000              Closed-12 $185,000-$475,000                 Active-113 $183,900-$1,595,000

Plainfield-New 41 $150,800-$2,200,000         Closed-35 $206,00-$530,000                   Active-318 $150,800-$2,200,000 with 1 Auction

St Charles-New 36 $239,000-$3,495,000        Closed-27 $185,000-$675,000                Active-432 $102,900-$3,895,000 with 1 Auction

Sycamore-New 7 $147,000-$349,500              Closed-11 $118,000-$598,650                Active-60 $129,900-$519,900

Yorkville-New 18 $129,900-$439,900               Closed-16 $184,000-$343,250                Active-139 $129,900-$974,000

Contracts Accepted This Week

Market Update Fox Valley-May 26 2018-Contracts Accepted This Week

Sellers accepted  a little more contracts this week.  330 this week compared to 309 last week.  It has been a good Spring Market even with low inventory.  This is the best time to sell if you want to close during the summer months.  You will still have time to enjoy summer in your new home.  

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

Aurora-49                                              Bolingbrook-29                                              Geneva-15

Montgomery-14                                   Naperville-59                                                  Oswego-17

Plainfield-34                                         St Charles-33                                                  Yorkville-12

Short sales contracts were also down this week.  Only 1 this week last week there were 2. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with a contingency on the close of the buyers home.  Buyers have already accepted a contract on their home but need to close before purchasing.  6 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

Contracts were also accepted with contingencies on the sale and close of the buyers home.  Buyers home might or might not currently be on the market.  They still need to sell their home and close before purchasing.  3 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

That wraps up the activity for the week in the Fox Valley area.  Let us know what questions that you have.

Contact Us

Give us a call at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best.  We make it our business to find the perfect fit for your needs.

We would be happy to do a market analysis on your home to let you know the current value and to give you and estimate of the costs to sell.  It will help you decide if now is the right time for you.

If you are just starting to look for a home your first step is to talk to a loan officer to get preapproved.  The loan office will give you a letter showing what you qualify for.  This will go with an offer when you find the right home so the sellers knows that you are a good buyer for their home.  You can learn about the different types of loans and the process.

You might be interested in the current interest rates right now.  Your credit score will determine the interest rate that you will receive.  Most loan officers will help you with your credit score if you need to work on it.

Your down payment will be determined by what type of loan you choose and how much money you want to put down.  There are programs out there and down payment assistance.  Are you a police officer, teacher or fireman?  Some communities also offer assistance. Check with the community website.

Market update Fox Valley-May 26 2018.  Have a great holiday weekend and stay safe!  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley -Search for homes today!

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Market Update January 6 2018

Market update January 6 2017
New & Closed Listing Activity in the Fox Valley Area of Single Family Homes

Market update January 6 2018.  Happy New Year! This is the first market update for 2018.  Now that the holidays are over the market is starting to get back to normal.  If only the temperatures would get back to normal that would be great!  We are supposed to get into the 30’s and 40′ next week.  I am really looking forward to that.

This first week of 2018 new listings were 164 compared to 62 the last week of 2017.  When that number gets to 300 or more a week I will be a little bit happier and I know the buyers will be happier as well.

Closings in this first week were down.  107 this week compared to 137 that last week of December.  These numbers should improve as we get closer to the end of the month. With the increase in listings it will help but a lot of them will be reflected in February numbers for closings.

You should be able to click on the chart above to see it better.  If not let me know and I will gladly email it to you. It shows the New & Closed listings of single family homes in each community and the price ranges.  If you are looking for a home you might want to start with the communities that have the most activity. You might also want to start with the community that is showing the price range you are looking for.  Take a look at this weeks communities with the most activity:

Aurora-New 20 $124,900-$450,000 Closed 21 $82,500-$420,000

Bolingbrook-New 16 $168,900-$424,900 Closed 18 $125,000-$320,000

Geneva-New 12 $235,000-$849,900 Closed 2 $200,000-$255,000

Naperville-New 36 $314,000-$1,200,000 Closed 11 $ 269,000-$1,225,000

Oswego-New 10 $179,900-$424,900 Closed 3 $200,000-$289,000

Plainfield-New 15 $180,000-$790,000 Closed 11 $152,000-$338,000

St Charles-New 13 $265,000-$1,299,000 Closed 11 $203,000-$950,000

Market Update January 6 2018-Accepted Contracts

Market Update January 6 2018-Contracts Accepted
Sellers Accepted Contracts this week in these Communities

Market update January 6 2018-accepted contracts from sellers in these communities was up a little from the last week in December of 2017.  87 this week compared to 78 the week before.  This number should go up next week with the increase of New listings if they are priced correctly.  Even in subzero temperatures buyers are out there looking at everything that hits the market if it is priced right and market ready.   

Sellers there is no need to wait for Spring market the buyers are still out looking.  Right now you will have less competition.

Short sales this week that were accepted by sellers were up slightly.  7 this week compared to 4 the week before. Now they will be submitted to the lender to see if they will also accept the contract as written.

Contingencies are a part of a contract if the terms are waiting for something to happen like home inspection, attorney review, or if the buyer is getting financing.  If the buyer for your home already has a home they might ask for a contingency on the sale & closing or just the closing on their current home. 

This week buyers asked the sellers for a contingency on the close of their home.  They already have a contract on their home but need to close before purchasing. 1 with a 72 hour kick-out clause, 2 with 48 hours and 1 with 24 hour kick-out clause.  The sellers accepted these terms.

Buyers also asked the sellers for a contingency on the sale and close of their current home.  They might or might not already have their current home on the market.  Buyers do not have an accepted contract on their home.  They still need to sell their home.  This week only 1 seller accepted these terms with a 48 hour kick-out clause.

The communities that sellers accepted the most contracts this week were:

Aurora-14

Naperville-11 with 3 of those a short sale

Plainfield-14 with 1 of those a short sale

The other communities that sellers accepted a contract that was a short sale were Montgomery with 1, Oswego with 1 and West Chicago also with 1.

Contact Us

If you are thinking about selling your home this is a great time to be a seller!  Request a home valuation and we will let you know the value of your home in the current market and what you need to do to get your home market ready.

If you are looking to buy a home.  Your first step is to talk to a loan officer to see what you qualify for and if you need to do anything to bring up your credit score to get the best interest rate.  We can give you recommendations of a few loan officers to contact.  They will give you a letter showing what you qualify for.  We need that to start showing you homes and it will go with the contract when you do find the right home and want to submit an offer.

Look for current interest rates, information about loans and the process & down payment resources.  You can start searching for homes anytime 

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out our contact form if you would like us to get back to you.  Let us know when would be the best time.

We make it our business to find the perfect fit for your needs.  Our goal is to negotiate the price and terms that are best.

Market update January 6 2018 Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

630-742-7730

besthomesfv@gmail.com