2021 market update week 7

2021 market update week 7 Cover

2021 market update week 7 here in the Fox Valley area of Illinois.  New listings of single family homes were down.  133 this week compared to 148 the week before.  We are not going in the right direction. It was extremely cold this week and next week we should head into the 30’s so that should help.

Closed listings of single family homes were up.  134 this week compared to 116 the week before.  We are heading into the end of the month so they should even be higher next week.

2021 market update week 72021 market update week 7 Stats

I included the graph this time so you can see the information presented that way as well.

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

Aurora-New 12 $150,000-$425,000

            Closed-25 $145,100-$435,000

Geneva-New 10 $285,000-$949,900

              Closed-4 $237,500-$657,500

Naperville-New 25 $325,000-$7,250,000

                  Closed-29 $342,000-$1,200,000

Oswego-New 9 $269,900-$974,800

               Closed-10 $270,000-$520,000

Plainfield-New 24 $249,900-$629,712

                Closed-15 $168,000-$449,900

St Charles/Campton Hills-

                New 13 $232,900-$2,000,000

                Closed-4 $286,000-$410,000

The graph above shows minimum list price $144,900, median price $369,00, average price $439,234 and maximum price $7,250,00

Closed sale price minimum $145,000, median $325,656, average $360,137 and maximum $1,200,000.

Contracts accepted this week

Contracts accepted this week on single family homes was up.  242 this week compared to 228 the week before.  Even with the extreme temperatures it did not keep the buyers from getting out there looking and writing offers.  So no reason to wait to get your home on the market today.

2021 market update week 7-contracts accepted this week 2021 market update week 7- Stats Contingent

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

Aurora-42                                     Batavia-13

Bolingbrook-10                             Geneva-16

Naperville-45                                Plainfield-30

St Charles/Campton Hills-16

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 2 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 48 hours.

Contracts accepted minimum price was $105,000, median $353,220, average $403,289 and maximum $2,150,000.

You can see the median and average prices of new, closed and contracts accepted are all in the $300,000 and into the $400,000 price range.  That is not affordable to the average buyer out there.  We need more listings under those price ranges so more buyers can purchase.

2021 market update by the month

Month                  New     Closed     Contracts accepted

January                 543           649                   829

February               409           396                   721

Totals                    952         1045                 1550

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

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.

E-learning had changed things this year and last.  People are not working around the school schedule like they normally would.  Buyers are not waiting for Spring market to close and move at the end of May through August.  They are have stayed out there looking for homes because of the shortage of inventory and it really doesn’t matter when they move.

Right now is the time to get your home on the market if you are thinking about selling this year.  Low inventory has really increased the prices.  Request a home valuation so I can let you know what your home is worth in today’s market.  I will provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in and we know all the terms this will be updated so you can make a good decision.

Thinking about buying a home this year.  Get in touch with a loan officer right away so you can get prequalified so you are ready to go.  They will give you a letter that will go with an offer when you find a home. It will show what price and type of loan you qualify for so a seller will know that you qualify for their home. Be ready to go look as soon as a home comes up in your price range and be ready to make an offer.  Some homes are getting offers the day they put it on the market if it is priced right and in good condition.

Resources to check out:

Even if you do not think you might qualify for assistance it is worth checking out.  Some lenders also offer assistance you need to ask them.

If you are looking for other information let us know so we can point you in the right direction.

2021 market update week 7.  Have a great week!

2021 market update week 7Kristine 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 6

2021 market update week 6 Cover with QR code

2021 market update week 6.  New listings of single family homes is up by exactly 20.  148 this week compared to 128 the week before.  Even with all the snow seller’s made the decision to put their home on the market.  Great choice because we are in a seller’s market!  We hope this will increase as we go forward.  There are too many buyer’s out there waiting for new listings to come on the market.

Closed listings of single family homes was down this week.  116 this week compared to 146 the week before.  Closings will increase as we head to the end of the month when most buyers want to close.

2021 market update week 6

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

Aurora-New 24 $129,900-$634,999

            Closed-13 $110,000-$430,000

Bolingbrook-New 5 $199,900-$299,900

                     Closed-14 $205,000-$368,000

Naperville-New 27 $339,900-$2,399,000

                 Closed-19 $357,000-$915,000

Plainfield-New 16 $239,900-$479,900

                Closed-13 $195,000-$452,500

St Charles/Campton Hills-

                New 14 $269,900-$3,995,000

                Closed-10 $262,500-$815,000

Contracts accepted this week

Contracts accepted on single family homes was down this week.  228 this week compared to 251 the week before.  New listings were down last week so that probably contributed to lower accepted contracts this week.

2021 market update week 6-Contracts accepted this week

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

Aurora-37                             Batavia-11

Bolingbrook-16                     Geneva-11

Naperville-52                        Oswego-19

Plainfield-23                         St Charles/Campton Hills-10

5 short sales were accepted this week.  3 in Aurora and 1 each in Geneva and Waterman.  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.  2 with a kick-out clause of 72 hours, 2 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, 4 with 48 hours and 1 that might be 24 hours but it was not marked so I don’t know.

There is still confidence in the market with sellers accepting these contingencies.

2021 market update by the month

Month                    New     Closed     Contracts accepted  

January                  543       649               829

February                276       262               479

Totals                     819       911             1308

Closed listings is the numbers you should pay attention too.  They are actual numbers.  New listings can be cancelled and relisted as new and contracts accepted sometimes do not make it past the home inspection and attorney review and go back on the market.  Then get a contract accepted again.

At the end of each month I will compare to the previous 2 years so you have something to compare to so you can see how this year is going.

Check back with us every Saturday for the 2021 market update.

Contact us

Call us at 630-503-6555.  Your goal is our goal.  We will do everything we can to help you reach your goal whether buying/selling a home.

Thinking about selling this year?  Request a home valuation and give us some details about your home and any updates that you have recently completed.  We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you will need to contact a loan officer to get prequalified.  Get together 2 years of tax returns, pay stubs, bank statements, credit card statements, car loan information and any other monthly expenses you have.  They will provide you with a letter showing the price and type of loan that works out best for you.  When you find a home this will need to go with your offer so you can show the seller that you do qualify for their home.

Resources to check out:

There is some great information in each of these sites.  If there is any other information that you are looking for let me know and I will point you in the right direction.

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

2021 market update week 6.  Have a great week!

2021 market update week 6Kristine 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 5

2021 market update week 5 Cover with QR code

2021 market update week 5.  Slightly more listings of single family homes added this week.  128 this week compared to 120 the week before.  Buyer’s are looking for so much more to hit the market.  Especially more in each price range.  Multiple offers are here until we see a big jump in homes coming on the market.

Closed listings of single family homes was slightly down.  146 this week compared to 159 the week before.  The decrease from the end of January to the beginning of February was not that great.  They should slightly increase from here to the end of the month.

2021 market update week 5

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

Aurora-New 19 $130,000-$424,900

            Closed-24 $125,000-$392,500

Bolingbrook-New 7 $225,000-$494,000

                    Closed-11 $166,000-$364,000

Naperville-New 25 $299,000-$1,850,000

                 Closed-29 $250,000-$1,250,000

Plainfield-New 18 $225,000-$474,633

                Closed-19 $210,000-$612,500

St Charles/Campton Hills-

                 New 8 $285,000-$1,500,000

                 Closed-12 $255,000-$630,000

Contracts accepted this week

Contracts accepted on single family homes this week was slightly higher.  251 this week compared to 246 the week before.  These numbers would be so much higher if there were more homes on the market.  It does not seem to matter what time of year it is like most years.  Buyer’s have been looking and waiting for so long that they will grab a home when they can get it.  It makes it kind of hard when you are working around a lease. 

2021 market update week 5-contracts accepted this week

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

Aurora-26                                   Bolingbrook-18

Geneva-15                                  Naperville-41

Oswego-18                                 Plainfield-33

St Charles/Campton Hills-26      Yorkville-15

4 short sales were accepted by seller’s this week.  1 each in Aurora, Bolingbrook, Montgomery and Warrenville.  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.  2 with a kick-out clause of 72 hours and 5 with 48 hours.

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

2021 by the month

Month                         New     Closed     Contracts accepted

January                       543        649              829

February                     128        146              251

Totals                          671        795            1080

Check back with us every Saturday for the 2021 market update.  At the end of each month I will show you the previous 2 years so you will have something to compare too so you can see how the market is doing.

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.

Homes are selling like hotcakes!  If you have been thinking about making a move, now is the time to sell.  Get rid of all the unnecessary things you have been holding on to.  Do a deep clean and put a fresh coat of paint in each room.  Check for any repairs that need to be tended to now.  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 and 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.

Are you thinking about buying a home this year?  Get in touch with a loan officer to get prequalified.  You will need 2 years of tax returns, pay stubs, bank statements, car payment and credit card information.  If you have any other monthly payments you will need to have them too.  They will provide you with a letter showing the price and type if loan that will work out best for you.  When you find a home this will go with an offer to show the seller that you qualify for their home. 

Resources to check out:

Let me know what other information you are looking for and we will point you in the right direction.  We will also give you a few recommendations for loan officers, real estate attorneys and home inspectors if you don’t have someone already.

I am here to guide you through the process.

2021 market update week 5.  Have a great week!

2021 market update week 5Kristine 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 4

2021 market update week 4 Cover

2021 market update week 4.  New listings of single family homes were way down. 120 this week compared to 148 the week before.  They need to be increasing to satisfy all the buyers that are out there waiting for something new to come on the market.  You can always consider new construction.  Let us help you with this process as well.

Closed listings of single family homes were practically identical from last week.  159 this week compared to 157 the week before.  These numbers would be so much higher if there were more homes on the market.  Buyers have not slowed down because of the pandemic or because it is winter.  It is almost like time of year really doesn’t matter.  They have been waiting for so long to find a home.

2021 market update week 4
2021 market update week 4 info from MRED

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

Aurora-New 8 $174,900-$389,900

            Closed-18 $105,000-$517,500

Bolingbrook-New 12 $150,000-$429,900

                     Close-8 $205,000-$465,000

Naperville-New 29 $314,900-$1,250,000

                  Closed-25 $297,500-$1,067,500

Oswego-New 4 $285,000-$325,000

               Closed-12 $152,000-$439,900

Plainfield-New 18 $250,000-$1,200,000

                Closed-16 $255,000-$518,626

St Charles/Campton Hills-

                 New 15 $214,900-$1,535,000

                 Closed-15 $227,500-$638.968

Contracts accepted this week

Contracts accepted this week were right on point.  246 this week compared to 245 the week before.  Now for the home inspection and attorney review period.

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

Aurora-41                     Bolingbrook-11

Geneva-10                   Naperville-47

Plainfield-29                 St Charles/Campton Hills-18

Yorkville-16

2 short sales were accepted by seller’s this week.  1 each in Plainfield and Winfield.  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.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.  1 was marked home sale but not defined.

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

2021

Month              New     Closed     Contracts accepted

January             543           649                829

2020  

January           1105           566                858

2019

January            878            407                568

In 2020 there were 5 weeks so that is the difference there.  Closed is the column that is most important and actual numbers.  New and contracts accepted can be counted more than once if a listing was relisted as new and if a contract doesn’t go through it will be counted again when it gets another contract.

At the end of each month I will show you the 3 years so you can see how this year is going with something to compare too.

Contact us

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

Thinking about selling this year to get more or less space?  Right now it is a seller’s market.  Inventory of homes for sale is extremely low so you do not have much competition and the prices are going up.  Request a home valuation and give us some information about any updates that you have completed.  We will give you  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 you will need to contact a loan officer first to get prequalified.  Get together a couple of years tax returns, check stubs, bank statements, credit card information, car payment info and any other monthly expenses you have to give to the loan officer.  They will give you a letter that shows what price and what type of loan that works out best for you.  We will give this along with an offer when you find a home.

Resources to check out:

Do you need recommendations for a home inspector or real estate attorney?  We can provide you with a few to contact so you can decide who you would like to work with.

A zoom meeting can be set up to go over the process to get started.  We will guide you through the process.

2021 market update week 4.  Have a great week!

2021 market update week 4Kristine 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 3

2021 market update week 3 Cover

2021 market update week 3.  Welcome back for our market update this week.  New listings of single family homes are up by 9.  148 single family homes listed this week compared to 139 the week before.  We are headed in the right direction but we really need to ramp this up to relieve the frustration of all the buyers out there trying to find a home.

Multiple offers is still the norm.  You need to be ready to jump when a new home hits the market in your price range and be ready to be creative to get the sellers attention to your offer.

Closed listings of single family homes were down by 11.  157 this week compared to 168 the week before.  Next week is the last full week of the month so they should increase because that is when most buyers want to close.

2021 market update week 3

Look at the communities with the most activity this week:

Aurora-New 23 $25,000-$379,900

            Closed-25 $65,000-$560,000

Bolingbrook-New 8 $189,997-$479,900

                    Closed-10 $155,000-$338,000

Naperville-New 36 $281,785-$4,700,000

                 Closed-24 $215,553-$770,000

Plainfield-New 16 $215,000-$503,000

                Closed-19 $212,500-$520,000

St Charles/Campton Hills-

                 New 16 $159,900-$1,295,000

                 Closed-13 $229,900-$915,000

Yorkville-New 14 $285,000-$689,900

               Closed-7 $275,000-$351,000

The picture above shows other communities that had activity this week.  You should be able to click on it to make it larger.  If you are not finding the price range in the community that you are looking to move to, you might need to look in other communities.

Contracts accepted this week

Contracts accepted this week were up by 66. 245 sellers accepted contracts this week compared to 179 the week before.

If you are waiting for Spring market don’t.  Buyers are out there right now and prices are up because of low inventory.  It is a great time to sell!

2021 market update week 3-Contracts accepted this week

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

Aurora-28                             Batavia-11

Bolingbrook-14                     Geneva-12

Naperville-63                        Oswego-19

Plainfield-23                          St Charles/Campton Hills-12

3 short sales were accepted by sellers this week.  1 each in Oswego, Plainfield and Winfield.  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.  3 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

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

2021 market by the month

Month                  New     Closed     Contracts accepted

January                 423           490                 583

Next week will be the last full week of the month so I will compare to 2020 and 2019 so you can see how this year is going.

Contact us

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

Thinking about selling this year?  Request a home valuation so you can see what your home is worth in today’s market.  I will provide you with a net proceeds that shows you an estimate of expenses.  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 this year you will need to contact a loan officer to get prequalified first.  Get together 2 years of tax returns, pay stubs, car payment information, credit card information and any other monthly payments you make.  A loan officer will let you know what else you need to get to them so they can see what you can afford and what type of loan will work out best for you.  They will give you a letter that shows the price and type of loan that you qualify for.  I will send this with an offer when you find a home so the seller knows that you qualify for their home.

Resources to check out:

Also, check with your loan officer to see what programs they offer or know about.  If you are looking for other information let us know and I will point you in the right direction.

We will guide you through the process.  Make recommendations for real estate attorneys and home inspectors if you don’t know one already.

2021 market update week 3.  Have a great week!

2021 market update week 3Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101