Fox Valley home prices January 22 2022

Fox Valley home prices January 22 2022

Fox Valley home prices January 22 2022.  New listings of single family homes were up slightly.  110 this week compared to 94 the previous week.

Closed listings of single family homes this week was down.  122 this week compared to 127 the previous week.

The market is off to a slow start so far this year here in the Fox Valley area.

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

Aurora-New 18 $135,000-$1,075,000

            Closed-7 $85,000-$410,000

Bolingbrook-New 8 $145,000-$329,900

                    Closed-11 $221,000-$439,900

Naperville-New 22 $360,000-$4,800,000

                 Closed-18 $315,000-$820,000

Plainfield-New 17 $299,900-$799,900

                Closed-23 $235,000-$550,000

I just highlighted the communities with the most activity.  You can see the rest of the communities that had activity in the picture above.  You will notice that week after week these same communities are always on the list of most activity.  It depends on what you are looking for in a community.  One that is consistently active, or one that is more stable.  

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

The median list price this week on single family homes is $369,995, last week the median price was $350,000.

Closed median price was $354,000 this week, last week $331,000 on single family homes.

Stats January 22 2022
Stats January 22 2022

Conventional financing was used to close 89 single family homes this week at a median price of $374,900, last week 90 single family homes at median price of $365,000.

Conventional financing January 22 2022
Conventional financing January 22 2022

Cash was used to close on 15 single family homes at a median price of $295,000 this week, last week 18 at median price of $282,500.

Cash used to close January 22 2022
Cash used to close January 22 2022

FHA financing was used to close 9 single family homes at a median price of $320,710 this week, last week 18 homes at median price of $258,500.

FHA financing used January 22 2022
FHA financing used January 22 2022

VA financing was used to close 9 single family homes at a median price of $300,500 this week, last week 1 at $432,990.

VA financing used January 22 2022
VA financing used January 22 2022

71 single family homes closed this week that were 2,000 square feet or more at a median price of $404,000, last week 70 homes at median price of $434,000.

The minimum price this week for 2,000 or more square feet closed at a price of $280,000, last week $235,000.  What a difference a week makes!  If you are looking for more space you might have to be patient until the right one comes on the market.

Contracts accepted this week

Fox Valley home prices January 22 2022-Contracts accepted this week

Contracts accepted on single family  homes were down.  163 this week compared to 172 the previous week.  We are having a slow trickle of homes coming on the market.  This is not surprising.

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

Aurora-29                      Bolingbrook-10

Naperville-28                 Plainfield-18

St Charles-13

The median price that received a contract this week is $350,000.  $68,000 was the minimum price on single family homes.  Average market time was 49 days this week.

Contingent Stats January 22 2022
Contract accepted Stats for January 22 2022

No short sales were accepted this week by seller’s.  That does not mean that there are no short sales listed.

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

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

2022 by the month

Month        New   Closed   Contracts accepted

January           310         371                445

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

Contact us

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

This might be more information than you are looking for.  You might just like to see a graph, but I like to break it down a little more.

You will be the one to decide what information you want, and how often, once we start working together.  Do you want a more broad area to look, or a more defined area.  Will you look at any age, type of home,  or do you want to only view a set criteria of homes?

It all starts with getting your financial information to a lender to get pre approved.

If you are thinking about selling your home request a home valuation.  Give us some details about your home and what has been recently updated.  We will show you what the market is doing with your type of home in your area.  Provide  a net proceeds that shows an estimate of expenses to sell that will be updated when an offer comes in and we know all the terms.

Resources:

Types of loans and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

If you are already working with a loan officer check with them for the rate they are offering you with your credit score.  They also might offer some assistance.  You will need to ask.

Buying or selling a home is a big deal.  You want someone that will look out for you and guide you through the process.  We want to be your REALTOR®.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 22 2022.  Have  a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kriss New profile for FB 123121

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022

Fox Valley home prices January 15 2022.  This is the 2nd full week of 2022.  The real estate market is off to a slow start with new listings.  94 this week compared to 106 the previous week.

Closed listings this week are staying consistent.  127 this week compared to 122 the previous week.

January and February are usually slower months.  It is a great time to list your home now if timing is not an issue.  You can get ahead of the spring market.  Buyers are still out there waiting for something to come on the market.

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

Aurora-New 14 $194,500-$679,000

            Closed-14 $80,000-$515,000

Naperville-New 19 $379,900-$1,499,500

                 Closed-20 $205,000-$1,333,000

Plainfield-New 8 $289,900-$585,658

                Closed-13 $285,000-$520,000

St Charles-New 8 $179,900-$707,000

                  Closed-15 $150,000-$1,052,500

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

The median list price of single family homes this week was $350,000, last week $362,500.

Closed median price this week was $331,000, last week $367,500.

Stats January 15 2022
Stats January 15 2022

Conventional financing is still the most used or accepted by seller’s.  90 this week with a median price of $365,000, last week 83 at $408,000 median price.

Cash was used for 18 homes to close this week with a median price of $282,500, last week 17 at $355,000 median price.

Conventional and Cash used January 15 2022
Conventional and Cash used January 15 2022

FHA was used for 18 homes to close at a median price of $258,500 this week, last week 14 closed with $270,500 median price.

VA financing was used to close 1 home at a price of $432,990 this week, last week 6 homes closed at $344,495 median price.

FHA and VA financing used January 15 2022
FHA and VA financing used January 15 2022

Buyers looking for a single family home that is at least 2,000 or more square feet closed on 70 homes at a median price of $434,000 this week, last week they closed on 76 homes at a median price of $465,750.

The minimum price for 2,000 square feet or more closed this week at a price of $235,000, last week $240,000.

2000 Square feet or more January 15 2022
2000 Square feet or more January 15 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          200         249               282

Check back with us every Saturday.  At the end of each month we will compare to 2021 and 2020 so you can see how the market is doing.

Contracts accepted this week

Fox Valley home prices January 15 2022-Contracts accepted this week

Contracts accepted this week on single family homes was up.  172 this week compared to 110 the previous week.  Buyers are out there waiting for homes to come on the market.  So many of them were in multiple offer situations on homes that were not chosen and are still looking.  No need to wait to put your home on the market.

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

Aurora-29                   Bolingbrook-15

Naperville-19              Plainfield-27

St Charles-10

These communities are consistently on this list every week.

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

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

If you need me to explain what this means just give me a call and I will be happy to explain it to you.

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.

Do you need help with a divorce situation or an estate? If you want to know what your next steps are call us and we will explain the process.  Of course you will also need to contact a real estate attorney.  

Request a home valuation to see what your home is worth in today’s market.  We will also give you an estimate of what your expenses might be to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Plan ahead!  Contact a loan officer and get them all your financial information so they can get you pre approved. Then you will be ready to start looking.

Resources:

Types of homes and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan office to see what interest rate you qualify for with your credit score.  If you need to bring your score up to get a better rate they can help you.  Ask them if they offer any assistance.

All data used is from our MLS MRED, LLC.

If you would like to be set up to receive listings let us know what area you are looking for, the price range, and how many bedrooms you need.  Any other things that you are looking for that you would like in your search.  You have choices to get the information as it hits the market or you can choose to receive it at certain times of the day. 

We want to make the home buying or selling process as good of an experience as we can.  We have had years of experience and stay on top of things.

Fox Valley homes prices January 15 2022.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kriss New profile for FB 123121

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022.  New listings of single family homes are up.  106 this week compared to 42 the previous week.  This is still lower than the first full week of 2021 with 136 new listings.  

Closed listing are down.  122 this week compared to 174 the previous week.  The beginning of the year, and month starts off slow, and then increases as we head into the end of the month closer to Spring market.

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

Aurora-New 18 $160,000-$675,000

            Closed-18 $80,000-$901,100

Naperville-New 14 $349,900-$1,749,000

                 Closed-23 $317,500-$1,200,000

Plainfield-New 14 $199,000-$632,920

                Closed-13 $170,000-$613,013

St Charles-New 6 $250,000-$1,550,000

                  Closed-13 $133,350-$871,027

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

Median list price on single family homes this week $362,500, last week $324,950.

Closed median price this week on single family homes $367,500, last week $326,000.

Stats January 8 2022
Stats January 8 2022

Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.

Conventional financing January 8 2022
Conventional financing January 8 2022

Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.

Cash January 8 2022
Cash January 8 2022

FHA financing was used to close on 14 homes at a median price of $270,500 this week, last week 23 at $251,500 median price.

FHA financing January 8 2022
FHA financing January 8 2022

VA financing was used to close on 6 homes with a median price of $344,495 this week, last week 13 homes at $327,000 median price.

VA financing January 8 2022
VA financing January 8 2022

76 single family homes were closed with 2,000 square feet or more with a median price of $465,750 this week, last week 83 homes were closed at $420,000 median price.

The minimum price for 2,000 square feet or more was $240,000 this week, last week $239,900.  This gives you and idea of prices in the Fox Valley if you are thinking about looking for a larger home with more bedrooms, office or family room.

2000 SF or more January 8 2022
2000 SF or more January 8 2022

Contracts accepted this week

110 contracts were accepted this week by seller’s.  The previous week 101 so it has gone up slightly.

Fox Valley home prices January 8 2022-Contracts accepted this week

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

Aurora-22                   Bolingbrook-14

Naperville-16               Plainfield-17

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

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

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

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.

Do you have questions about real estate taxes?  What you should do to get your home ready for market?  Do you want guidance after a loved one has passed?

We can’t give you legal advice, but we can help guide you through the process.

Request a home valuation and give us some information about your home and what has recently been updated.  We will give you an idea of market value and what you expenses might be to sell.  When an offer comes in we can give you a better idea when we know all the terms.

Thinking about buying a homes?  Get in contact with a loan officer with all your financial information so they can get you pre approved.  Then you are ready to start looking.

Check out some great resources:

Your interest rate will be determined on your credit score.  Check with your loan officer to see what they are offering you and ask if there is anything you can do to bring up your score to get a better rate.  Your loan officer also might be offering some assistance.  You need to ask.

Look for us on Facebook at Best Homes Fox Valley.  We have a “shop now” button you can click on and search anywhere in Illinois.  There are drop down arrows if you are looking for attached housing or for more options.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 8 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 1 2022

Fox Valley home prices January 1, 2022

Fox Valley home prices January 1 2022.  Happy New Year!  We wish you a healthy, prosperous and happy year ahead.  Hopefully you will keep an eye on the market with us and jump in when you are ready.  Just let us know and we will be happy to help with all of your real estate needs.

The last week of the year was slow with new listings.  42 this week compared to 43 the previous week.  That is 2 holiday weeks in a row.  Now to take down all the decorations and get back to normal.

Closed listings for this last week of the year was slightly down.  174 this week compared to 186 the week before.

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

Aurora-New 8 $160,000-$485,000

            Closed-35 $114,000-$491,000

Batavia-Closed 10 $201,000-$573,000

Bolingbrook-New 4 $319,500-$500,000

                   Closed-12 $180,000-$850,000

Montgomery-New 1 $239,900

                     Closed-13 $185,000-$390,000

Naperville-New 6 $419,000-$1,225,000

                 Closed-19 $340,000-$820,000

Plainfield-New 4 $270,000-$672,400

                Closed-20 $203,000-$675,000

Yorkville-New 2 $199,500-$276,600

               Closed-12 $265,000-$500,000

Let us know what community you are looking for and we can get you set up to receive listings as they hit the market.

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

Median list price of single family homes this week was $324,950, last week $339,000.

Closed median price this week was$326,000, last week $335,500.

Stats January 1 2022
Stats January 1 2022

Conventional financing was used to close 121 homes this week with a median price of $335,000, last week 138 at median price of $350,500.

Conventional financing January 1 2022
Conventional financing January 1 2022

Cash was used to close 16 homes this week with a median price of $267,500, last week 11 at median price of $291,500.

Cash January 1 2022
Cash January 1 2022

FHA financing was used to close 23 homes this week at median price of $251,500, last week 28 homes at median price of $256,500.

FHA financing January 1 2022
FHA financing January 1 2022

VA financing was used to close 13 home this week at median price of $327,000, last week 7 homes at median price of $361,000.

VA financing January 1 2022
VA financing used

People are looking for homes with more square footage than they currently have. 83 homes closed this week that were looking for 2,000 square feet or more at a median price of $420,000, last week 99 homes at median price of $412,500.  The minimum price of home closed this week of 2,000 square feet or more at a price of $239,900, last week $239,000.

2000 SF or more January 1 2022
2000 SF or more 

Contracts accepted this week

Fox Valley home prices January 1, 2022-Contracts accepted this week

Contracts accepted this week were down.  101 this week compared to 120 the previous week.

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

Aurora-22                     Bolingbrook-12

Naperville-12                 Plainfield-14

No short sales were accepted by seller’s this week.  That does not mean that there are not any out there on the market.  Most homes right now have appreciated enough that even if you are struggling you can payoff the loan and might even have money left over.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 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       1288             1289

June              1450       1686             1671

July                1118       1182              1210

August           1109       1203             1170

September    1083       1411              1251

October          715        973               930

November       557        854               931

December       349       1044              652

Totals      10572   12919      13553

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

September    1176        1503           1503

October         843         1116           1159

November      567          985            699

December      513           971            783

Totals     12343    11869     14146

2019

January         878          407            568

February      1032          463            832

March          1731           915           1375

April            1594          792           1307

May             1645           995          1280

June            1643          1253         1218

July             1423          1008         1090

August         1585          1330         1196

September   1164            765         869

October       1041            738         776

November     897            946         839

December     496            638         497

Totals     15129     10250   11847

Inventory of homes for sale decreased all 3 years.  Closed homes went up all 3 years and so did prices because of the decrease in inventory.  This give you a good look at why prices are rising.  There are not enough homes built to satisfy the demand.  This is not just locally.  It is nation wide.  More homes need to be built or commercial property that is vacant needs to be modified to accommodate housing needs.

Check back with us every Saturday for the real estate market update.  At the end of each month we take a look back at the previous 2 years so you can see how the market 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.

Is 2022 the year you will want to make a move?  Request a home valuation to see what your home is worth in today’s market.  We will give you an estimate and 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.  Let us know a little bit about your home and what has been updated recently.

Thinking of buying a home this year?  Plan in advance it might take a while for the right home to come on the market that meets your needs.  Contact a loan officer and get them all your financial documents so they can  get you pre approved.  They will give you a letter showing what price will work for you and what type of financing so we can show the seller that you do qualify for their home when the time comes to make an offer.  You need to be ready to go in this market.

Resources:

Check with your loan officer for the rates they are willing to give you with your current credit score.  They can help you increase your score if needed.

If you need recommendations for loan officers, real estate attorneys or home inspectors we would be happy to give you a few to contact and you can decide who best to work with.

Look for us on Facebook and click on the “shop now” to search for homes anytime you like.  Look for the drop down arrows to change what type of home and other options.

All data is from our MLS MRED, LLC

Fox Valley home prices January 1 2022.  Happy New Year!  Have an awesome week ahead.

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 11 2021

Fox Valley home prices December 22 2021

Fox Valley home prices December 11 2021.  First I want to say how heartbreaking the storms of last night were in multiple states.  So much devastation and loss of life.  This is such a strange thing to happen in December.

New listings of single family homes were down.  78 this week compared to 102 the previous week.  This is extremely low even for this time of year.

Closed listing of single family homes was also down.  210 this week compared to 244 the previous week.  Closings should increase as we get closer to the end of the month.  Some might even spill over into the new year.

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

Aurora-New 17 $120,000-$999,900

            Closed-27 $135,500-$562,000

Bolingbrook-New 6 $264,900-$625,000

                    Closed-19 $199,900-$440,000

Naperville-New 11 $375,000-$1,265,000

                 Closed-31 $267,000-$1,180,000

Oswego-New 2 $400,000-$419,900

              Closed-13 $215,000-$465,000

Plainfield-New 13 $279,000-$542,580

                Closed-30 $263,500-$500,000

St Charles-New 6 $209,714-$775,000

                  Closed-13 $243,000-$1,550,000

Yorkville-New 5 $239,900-$2,964,000

               Closed-15 $235,000-$465,000

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

Median list price this week $347,000, last week $350,000.

Closed median price this week $332,500, last week $363,942.

Stats December 11 2021
Stats this week

Conventional financing was used 150 times out of the 210 closed homes with a median price of $360,000, last week 176 at median price of $385,000.

Cash was used 18 out of the closings this week with median price of $287,750, last week 23 at $298,000.

Conventional and Cash December 11 2021
Conventional and Cash closed this week

FHA was used 35 of the 210 closings this week with a median price of $287,000, last week 27 at $250,000.

VA was used for 7 of the closings with median price of $320,000, last week 13 at $390,000.

FHA and VA December 11 2021
FHA and VA used this week

Single family homes with 2,000 or more square feet closed 121 at median price of $412,000, last week 144 at $445,450 median price.  The minimum price of 2,000 or more square feet closed this week was $240,000, last week $207,000.  For people looking for more square footage this gives you an idea of the pricing in the Fox Valley area.

2000 Square feet or more December 11 2021
2,000 or more square feet

Conventional financing is still what seller’s are looking for and accepting right now. If your loan officer is qualifying you for something else you might also want them to see what you qualify using this type of financing.  They can qualify you for multiple ways of financing.  You can try your preferred way first, and have Conventional as a backup.

Contracts accepted this week

Fox Valley home prices December 11 2021-Contracts accepted this week

Contracts accepted this week were consistent.  141 this week compared to 147 the previous week.  Buyer’s are still out there ready to go even with the extremely low inventory.  It is still a great time to sell!  Very little competition right now.

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

Aurora-21                  Bolingbrook-11

Naperville-17             Plainfield-22

1 short sale was accepted this week by a seller.  It was in Aurora.  Most homes have appreciated enough that seller’s do not have to sell short.  They must of run into trouble shortly after purchasing.  Now it will be submitted to the lender to see if they will also accept.

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

Only 4 contracts out of 141 were contingent on the buyer closing or selling and closing on their current home.  Either the buyers are 1st time buyers or they could purchase without contingencies other than financing.

2021 by the month

Month        New   Closed   Contracts accepted

January          543         649              829

February        561          604              778

March            993         1099            1455

April             1006          926            1387

May              1088         1288            1289

June             1450     1686        1671

July                1118        1182              1210

August           1109        1203              1170

September    1083        1411               1251

October          715         973                930

November       557         854                931

December       180          454               288

Totals     10403    12329        13189

Not all contracts that get accepted close.  That is why there is more accepted than closed.  Some of them do not make it past the attorney review and home inspection.  They go back on the market and get accepted again.  

The closed column is the most important one to look at because that is actual numbers for the Fox Valley area.

Prices will keep increasing as long as the inventory remains so extremely low.

You have to be a patient buyer in this market.  You have to keep looking at what comes up and be ready to go look.  If you can find something that is close to your needs it might be worth going after.

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 anytime soon to find out an estimate of what you home would be worth in today’s market.  Tell us about your home and anything that has recently been updated.  We will provide you with a net proceeds that gives you idea of what the expenses might be.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved.  They will give you a letter showing what type of loan and what price works out best for you.  When you find a home and want to put in an offer this letter will go with the offer so the seller will know you qualify for their home.

Resources:

You need to contact the loan officer you are working with to see what interest rate they are offering you based on your credit score.  They will work with you to bring up your score if that is needed.

Do you need recommendations for loan officer, real estate attorney or home inspector?  We can give you a few to contact and you can decide who you want to work with.

Guiding you through the process whether buying or selling is what we do to help make the process easier to get through.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 11 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021.  New listings of single family homes are drastically down.  82 this week compared to 153 the previous week.

Closed listings of single family homes are also down.  158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday.  Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

            Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

                   Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

                 Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

                Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

                  Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities.  You might find something that fits your needs.

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

Median list price this week $359,450, last week $359,000.

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021
Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021
Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021
FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000.  Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021
2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down.  191 this week compared to 235 the previous week.  That is not too bad with this short holiday week.

Fox Valley home prices November 27 2021-Contracts accepted this week

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

Aurora-26                       Bolingbrook-18

Montgomery-15               Naperville-29

Plainfield-20                   St Charles-11

3 short sales were accepted by seller’s this week.  2 in Oswego and 1 in Minooka.  Now they will get submitted to the lender to see fi they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 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.  2 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         1288         1289

June           1450      1686     1671

July              1118          1182         1210

August         1109         1203          1170

September  1083          1411          1251

October        715           973           930

November     557           854           931

Totals    10223     11875    12901

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

September 1176           1503        1503

October      843            1116          1159

November   567             985           699

Totals   11830      10898    13363

2019

January      878             407           568

February   1032             463           832

March        1731             915         1375

April          1594            792           1307

May           1645           995           1280

June          1643          1253            1218

July           1423          1008            1090

August      1585          1330            1196

September1164             765             869

October    1041             738             776

November  897             946             839

Totals  14633        9612      11350

This year had the best sold homes with the least amount of new listings.  That is the column that is most important.  June was the best month over all this year. 

Most years it is the Spring months that see the most new listings.  The economist’s keep saying we will see more of the same next year.  We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings.  There might be more movement where the projects are.  Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019.  That is the reason for the price increases.  Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

Contact us

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

Thinking about moving anytime soon?  Request a home valuation and give us some details about your home and what has recently been updated.  We will provide you with a net proceeds that shows an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead  It might take some time to find a home.  You will need to get all your financial information together and get it to a loan officer so they can pre approve you.  They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score.  They might also offer some assistance.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices

Fox Valley home prices-Cover

Fox Valley home prices. New listings of single family home were up.  187 this week compared to 171 the week before.  Good news, but not nearly enough.  Prices will keep increasing until we get enough inventory of homes to meet the demand. School starting always slows things down, but buyers are still looking.

Closed listings of single family homes was also up this week.  245 this week compared to 208 the week before.  Next week is the last full week of the month so it should increase.

Fox Valley home prices

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

Aurora-New 25 $139,900-$439,900

            Closed-33 $90,000-$470,000

Bolingbrook-New 18 $190,000-$485,000

                    Closed-14 $250,000-$502,000 

Geneva-New 6 $270,000-$699,000

             Closed-12 $187,500-$795,000

Montgomery-New 9 $179,900-$369,900

                     Closed-20 $178,000-$385,000

Naperville-New 34 $325,000-$1,549,900

                 Closed-36 $267,400-$1,300,000

Plainfield-New 22 $245,000-$515,000

                Closed-33 $239,900-$540,000

St Charles-New 10 $185,000-$1,100,000

                  Closed-16 $215,000-$1,339,000

Yorkville-New 9 $247,500-$426,186

               Closed-14 $255,000-$465,000

You can click on the picture above and look at the other communities listed to see the price ranges better.  You might need to adjust what community you are looking in to find your price range that works out best for you.

Financing, median prices and homes that sold 2,000 square feet or more

Median list price this week was $349,000 last week $350,000. Closed median price was $341,500 this week, and $341,000 the week before.  These prices are not fluctuating much from week to week.

Fox Valley home prices-Stats

Financing really came into play this year.  Multiple offer situations changed the game.  You needed to be already through the approval process and seller’s chose Cash, of course, first if the price was right and next they chose Conventional financing.    It is still their choice today.  Take a look.

Conventional financing closed this week 168 with median price of $371,829, last week 131 at $376,077.

Cash closed this week 27 at median price of $343,900, last week also 27 at$324,900

Fox Valley home prices-Conventional and Cash
Conventional and Cash

FHA closed this week 41 at median price of $278,000, last week 35 at median price of $282,000.

VA closed this week 8 at median price of $381,000, last week 15 at $349,000.

Fox Valley home prices-FHA and VA
FHA and VA

Some people are moving up to a larger home that has more bedrooms, family room, basement or room for an office so we decided to add this into the stats.

Single family homes closed with 2,000 square feet or more this week 134 at a median price of $414,000, last week 123 at $409,000.  Minimum price closed this week at $291,000, last week at $205,000.  This gives you an idea of prices in our area for that size home.

Fox Valley home prices-2000 or more SF
2,000 Square Feet or more

Contracts accepted this week

Contracts accepted this week by seller’s was down.  223 this week compared to 233 the week before.

Fox Valley home prices-Contracts accepted this week

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

Aurora-29                        Bolingbrook-24

Naperville-33                   Oswego-13

Plainfield-27                    St Charles-18

Click on the photo to enlarge so you can see other communities.

3 short sales were accepted by seller’s on single family homes. 1 each in Aurora, Plainfield and Sycamore.  Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and also 1 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           1288                 1289

June              1450           1686                 1671

July                1118            1182                 1210

August           1109            1203                 1170

September    1083             1411                 1251

October          563              681                   712

Totals       9514      10729          11752

Check back with us every Saturday for the 2021 by the month and at the end of each month we look back at 2020 and 2019 so you can compare and see how the market is going this year.

Every month except April more homes closed than new listings coming on the market.

Contact us

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

Request a home valuation if you think you might want to sell your home.  Let us know a little bit about your home and what has recently been updated and we will let you know what it 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 so you can make a good decision.

Thinking about buying a home?  Gather all your financial information and get it to a loan officer so they can get you pre approved.  Then you will be ready to start looking.  You will need to be flexible and go when a home hits the market.  It will be gone if you wait until the weekend unless it needs work or over priced.

Resources:

Check with your lender for their current rates.  Your credit score will determine the rate you receive.

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

All data used is from our MLS MRED, LLC.

Fox Valley home prices.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman Designated Managing Broker

Fox Valley real estate market update October 16 2021

Fox Valley Real Estate Market Update October 16 2021-Cover

Fox Valley real estate market update October 16 2021.  New listings of single family homes are down.  171 this week compared to 205 the week before.   This is getting so extremely low.  This covers 2 counties Kane and Kendall.

Closed listings of single family homes are also down.  208 this week compared to 228 the week before.  We are half way through the month.  This should increase in the next 2 weeks as we get closer to the end of the month.

Fox Valley real estate market update October 16 2021

Aurora-New 23 $194,500-$775,000

            Closed-25 $158,000-$1,075,000

Bolingbrook-New 11 $204,000-$425,000

                   Closed-17 $180,000-$610.,000

Montgomery-New 4 $239,900-$389,999

                     Closed-15 $220,000-$345,900

Naperville-New 34 $310,000-$1,500,000

                 Closed-29 $280,000-$1,300,000

Oswego-New 12 $250,000-$659,000

             Closed-11 $205,000-$442,500

Plainfield-New 20 $279,900-$510,000

                Closed-28 $189,500-$590,000

St Charles-New 13 $225,000-$965,000

                  Closed-15 $270,000-$950,000

West Chicago-New 5 $235,000-$400,000

                       Closed-13 $199,900-$652,000

Aurora saw it’s first home closed over 1 million dollars this week for the year.  It was in Stonebridge subdivision.  Some communities we have seen this often, and others have not see one yet.

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

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

Closed median price this week $341,000, last week it was $355,000.

Fox Valley real estate market update October 16 2021-Stats
Stats this week

Conventional financing  was used on closed homes this week 131 at a median price of $376,077, last week 154 at $393,125.

Cash homes closed this week 27 at median price of $324,900, last week 28 at $259,000

Fox Valley real estate market update October 16 2021-Conv and Cash
Conventional and Cash

FHA homes closed this week 35 at median price of $282,000, last week 33 at $280,000.

VA homes closed this week 15 at median price of $349,000, last week 11 at $340,000.

Fox Valley real estate market update October 16 2021- FHA and VA
FHA and VA financing

Homes closed with 2,000 square feet or more this week 123 at a median price of $409,000, last week 131 at $420,000.  Minimum price was $205,000 this week, last week $216,000.

This gives you an idea of what seller’s are accepting for financing, what types are used and the price ranges.  If you are looking for a home with 2,000 square feet or more this gives you an idea of what you will have to spend to get that in the Fox Valley.

Fox Valley real estate market update contracts accepted this week

Contracts accepted this week on single family homes was down.  233 this week compared to 256 the week before.    New listings have declined so this is to be expected.  This does not mean there are less buyers out there.  We need more listings!

Fox Valley real estate market update OCtober 16 2021-Contracts accepted this week

Aurora–35                        Bolingbrook-23

Geneva-12                          Montgomery-14

Naperville-34                     Oswego-18

Plainfield-27                       St Charles-21

1 short sale was accepted by a seller this week on a single family home.  It was in Aurora.  Now it will be submitted to the lender to see if they will also accept.  Prices are rising because of low inventory so a lot of sellers can sell without having to sell short.  Some even walk away with money to help them move. 

It is a good idea to find out what your home is worth right now.  You might be able to sell too.

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.  5 with a kick-out clause of 48 hours.

Fox Valley real estate market update 2021 by the month

Month        New     Closed     Contracts accepted

January          543            649                  829

February        561             604                  778

March            993            1099                1455

April             1006             926                 1387

May              1088            1288                 1289

June             1450            1686                 1671

July              1118             1182                  1210

August         1109             1203                  1170

September  1083             1411                   1251

October        376              436                   489

Totals      9327      10484          11529

Sales of single family homes have been good this year despite the pandemic and a very tight market of listings.  The demand for housing is not diminishing.

Check back with us every Saturday to see the 2021 by the month.  At the end of each month we will also look back at 2020 and 2019 so you can compare how the market is improving.

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.

Getting a contract on a home is not the hard part.  There are so many things to get through to get to closing.  You want someone that will stay on top of things and overcome any obstacles that might pop up so you get to closing.

Appraisals are one of those obstacles that are happening right now.  Prices are rising, but you need to find comparable properties to show the lender that it is worth that price.  If the appraisal comes in low you will have to renegotiate or the buyer will need to bring into closing the difference in cash besides the rest of the closing costs.

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

Are you thinking about buying a home?  The first step is to gather all your financial information and get it to a loan officer so they can get you pre approved.  They will provide you with a letter that will go with an offer when you find a home.  This shows the seller that you qualify for their home.  Just talking to a loan officer and giving them your information is not good enough anymore.  You need to go through the extra step of getting them all your financial information.

Resources:

You can also check different sites for current interest rates.  If you have a loan officer they can keep you up to date with the rates that they offer and any incentives they might have.

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

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update October 16 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley real estate market update October 16 2021-Kristine Heiman Managing Broker

Fox Valley Real Estate Market Update Week 40

Fox Valley Real Estate Market Update Week 40-Cover

Fox Valley real estate market Update week 40.  New listings of single family homes are exactly the same number as last week.  205 new listings for both weeks.  We do love consistency, but the number is way down farther than we like it to be.

Closed listings of single family homes is down.  228 this week compared to 338 the week before.  This is because it is the beginning of the month.  Most buyers want to close at the end of the month.

Fox Valley Real Estate Market Update Week 40

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

Aurora-New 24 $149.900-$690,000

             Closed-42 $99,000-$615,000

Bolingbrook-New 17 $235,000-$514,900

                    Closed-20 $220,000-$522,000

Montgomery-New 10 $175,000-$345,000

                     Closed-10 $185,000-$370,000

Naperville-New 40 $300,000-$1,475,000

                  Closed-24 $245,000-$1,350,000

Oswego-New 15 $235,000-$489,900

              Closed-7 $155,000-$605,000

Plainfield-New 24 $179,900-$649,900

                Closed-31 $240,000-$1,160,000

St Charles-New 16 $99,900-$1,550,000

                  Closed-20 $115,000-$760,000

Yorkville-New 9 $229,000-$925,000

               Closed-11 $39,900-$550,000

There are many more communities on the image above.  If you are looking for a community with less turnover you might want to take a look.

Financing used, median list and closed price and 2,000 square feet or more

Median list price this week is $350,000, last week $349,315.

Closed median price this week $355,000, last week $340,000.

Fox Valley Real Estate Market Update Week 40-Stats 100921

Conventional is still the most used financing.  There were 153 this week, last week 243.

Cash closed this week 28, last week 41.

Fox Valley Real Estate Market Update Week 40-Conventional and Cash
Conventional and Cash

FHA closed this week 33, last week 39.

VA closed this week 11, last week 13.

Fox Valley Real Estate Market Update Week 40-FHA and VA
FHA and VA Financing

2,000 or more square feet closed this week 131, last week 183.  The median price closed this week $420,000, last week $415,000.  Minimum closed 2,000 or more square feet this week is $216,000, last week $90,000.

Fox Valley Real Estate Market Update Week 39-2000 or more SF
2000 or more square feet

This gives you an idea on pricing, which financing will most likely get accepted from a seller and the size of the homes here in the fox Valley. When you are getting pre approved with a loan officer you might want to keep this in mind.

Contracts accepted this week

Contracts accepted this week were up.  256 this week compared to 248 the week before.  Even though new listings were down, contracts accepted went up.

Fox Valley Real Estate Market Update Week 40-Contracts accepted this week

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

Aurora-47                          Bolingbrook-25

Naperville-40                     Oswego-12

Plainfield-32                       St Charles-20

2 short sales were accepted by seller’s this week.  1 each in Aurora and Plainfield.  Now they will be submitted to the lender to see if they will also accept.  Most homes today have appreciated enough with today’s prices that they can sell without going through the short sale process.  If you are having difficulty paying for your mortgage contact us so we can let you know where you are at.  You might even walk away with money in your pocket.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, also 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          1288                 1289

June               1450          1686                 1671

July                 1118           1182                 1210

August            1109          1203                 1170

September     1083           1411                 1251

October           205            228                  256

Totals        9156     10276         11296

Closed is the most important column to keep track of.  Not all deals close.   Some do not make it past the home inspection and attorney review period.  Some of them have had issues with the appraisal, and others the loan was not approved.

Check back with us every Saturday for the update.  At the end of the month we will also take a look back at 2020 and 2019 so you have that to compare to.  

Contact us

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

Request a home valuation and give us some details about your home.  Let us know what has been recently completed.  Any updates recently.

Thinking about buying a home?  You will need to get all of your financial information together and contact a loan officer to get pre approved.  Just calling them and giving your information over the phone is not good enough right now.  You will need to take this extra step so when you find a home the seller will be more willing to accept your offer knowing that you qualify.

Resources:

We can make recommendations for a few loan officers, real estate attorneys and home inspectors so you can choose who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley real estate market update week 40.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley real estate market update week 40-Kristine Heiman Managing Broker

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