2021 Real Estate Market Update Week 14

2021 Real Estate market update week 14 Cover

2021 real estate market update week 14.  New listings on single family homes are up significantly.  260 this week compared to 192 the week before.  I hope this continues.  It is a great time to be a seller!  Homes are selling quickly are prices are way up.

Closings on single family homes are down.  192 this week compared to 274 the week before.  It is the beginning of the month so this is to be expected.  They will go up as we get closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 14

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

Aurora-New 24 $125,000-$850,000

             Closed-26 $88,000-$585,000

Batavia-New 15 $125,000-$965,000

              Closed-8 $189,900-$706,000

Bolingbrook-New 14 $187,500-$1,125,000

                      Closed-12 $221,000-$465,000

Geneva-New 11 $249,000-$739,500

              Closed-12 $265,000-$825,000

Montgomery-New 12 $189,900-$329,990

                       Closed-5 $205,000-$315,000

Naperville-New 67 $269,000-$1,950,000

                   Closed-38 $275,000-$1,375,000

Oswego-New 22 $254,900-$999,900

               Closed-14 $175,000-$475,000

Plainfield-New 26 $226,900-$625,000

                 Closed-23 $247,750-$511,000

St Charles/Campton Hills-

                 New 22 $310,000-$1,285,000

                 Closed-12 $153,000-$812,000

Yorkville-New 13 $248,000-$460,000

                 Closed-10 $235,900-$499,000

Click on the photo above to see the other communities.  If the community you are looking in does not have the price range you are looking for, you might want to look to neighboring communities.

2021 Real Estate Market Update Week 14-Stats

Median listing price this week is $359,900 and median sales price is $346,725.

Contracts accepted this week

Contracts accepted this week on single family homes was almost the same.  296 this week compared to 299 the week before.  Next week this should increase with the amount of new listings this week. 

2021 Real Estate Market Update Week 14-Contracts accepted this week

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

Aurora-45                                 Bolingbrook-23

Naperville-57                            Oswego-29

Plainfield-42                             St Charles/Campton Hills-26

Only 1 short sale was accepted by a seller this week.  It was in Plainfield. 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.  5 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.  1 with a kick-out clause of 72 hours and 1 with 48 hours.

These contingencies have really scaled back with the multiple offer situation that is occurring.  Seller’s want to accept an offer with the least hurdles to get past. 

2021 real estate market update by the month

Month                          New     Closed     Contracts accepted

January                          543           649               829

February                        561           604               778

March                            993         1099             1455

April                              260           192               296

Totals                           2357         2544             3358

Check back with us every Saturday for the real estate market update.  At the end of the month we will compare to 2020 and 2019 so you can see how the market is doing.

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!  Request a home valuation and give us some information about your home.  Let us know about any recent updates you have completed.  We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in this will be updated when we know all the terms so you can make a good decision.

Thinking about buying this year?  You need to call a loan officer to get pre-approved so you are ready to go.  Homes are moving very quickly and you have to be ready for multiple offer situations.

Resources to check out:

One of the IDHA programs might help you out with student debt and the other one if you live there 5 years you might not have to pay back.  It is worth your time to check them out.

2021 real estate market update week 14.  Have a great week!

2021 market update week 14Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for your home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 13

2021 Real Estate market update week 13 Cover

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

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

2021 Real Estate Market Update Week 13

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

2021 Real Estate Market Update Week 13-Stats

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

Contracts accepted this week

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

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

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

Aurora-37                             Bolingbrook-12

Geneva-18                            Montgomery-13

Naperville-56                        Oswego-16

Plainfield-44                         St Charles/Campton Hills-25

Yorkville-14

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

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours and 2 with 48 hours.  Accepting contracts with contingencies other then financing are slowing down because of multiple offer situations.  Sellers are looking for offers with the least amount of hurdles to get past to get to closing.

2021 real estate market update week 13 by the month

2021

Month                    New     Closed     Contracts accepted

January                  543       649               829

February                561       604               778

March                   993     1099             1455

Totals                  2097     2352             3062

2020

January              1105       566               858

February            1267       529             1024

March               1186        707             1079

Totals                3558      1802             2961

2019

January              878         407               568

February          1032         463               832

March              1731         915            1375

Totals               3641       1785            2775

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

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

Contact us

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

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

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

Resources to check out:

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

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

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

2021 market update week 13Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 12

2021 market update week 12 Cover

2021 real estate market update week 12.  New listings of single family homes were up.  222 this week compared to 171 the week before.  Increases are always exciting.  We are hoping this picks up steam so there are homes to show buyers that are getting impatient.  Too many have multiple offers the same day they are listed.

Closed listing of single family homes went down.  209 this week compared to 226 the week before.  The last 3 days business days of the month are next week so there should be an increase then.

2021 Real Estate Market Update Week 12

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

Aurora-New 26 $120,000-$1,499,000

            Closed-27 $115,000-$553,000

Bolingbrook-New 13 $245,900-$799,900

                    Closed-12 $165,000-$474,809

Geneva-New 8 $325,000-$1,639,900

              Closed-10 $292,000-$617,000

Naperville-New 50 $295,000-$1,745,000

                 Closed-41 $260,000-$1,800,000

Oswego-New 11 $175,000-$749,500

               Closed-15 $206,000-$1,500,000

Plainfield-New 29 $219,999-$599,999

                Closed-25 $200,000-$781,624

St Charles/Campton Hills-

                New 25 $240,000-$1,895.000

                Closed-16 $285,000-$617,500

You should be able to click on the photo above to make it larger so you can see all the communities that had activity this week.  You might have to adjust what community you are looking at depending on what price range you are looking for.

Contract accepted this week

Contracts accepted this week on single family homes were slightly down.  293 this week compared to 304 the week before.  You can see more contracts were accepted this week than new listings.  This is the problem with low inventory.  As soon as they come on the market they are gone and then some.

2021 Real Estate Market Update Week 12-Contracts Accepted This Week

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

Aurora-34                                 Bolingbrook-19

Geneva-15                               Naperville-75

Oswego-17                              Plainfield-28

St Charles/Campton Hills-21   West Chicago-10

Yorkville-14

1 short sale was accepted on a single family home this week.  It was in Montgomery.  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, 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 each with a kick-put clause of 48 hours and 24 hours.

Multiple offer situations has decreased these contingencies.  Seller’s are looking for the offer with the least amount of hurdles to get through to get to closing.

2021 real estate market update by the month

Month                       New     Closed     Contracts accepted

January                      543           649                    829

February                    561           604                    778

March                        801           825                   1146

Totals                       1905         2078                  2753

Look at the difference in the months so far.  The closed column is the most important column because that is actual numbers.  New listings can be relisted and contracts accepted not always make it past the home inspection and attorney approval time period.  They can go back on the market and then contract pending again.  

This is the last full week of the month but I think I will wait until next week to take a look back to 2020 and 2019.  There is 3 business days next week still in March so I will wait. 

Check back with us every Saturday for the 2021 real estate market update and at the end of each month for a comparison 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 have been waiting for Spring market to put your home up for sale you don’t need to wait.  It is here!  There is not enough homes on the market and the prices are rising because of it.  Request a home valuation and let us know about any updates that have been completed lately that might increase the value.  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 wanting to buy a home this year?  You need to be ready to go with a letter from a lender showing what you qualify for in price and what type of loan.  Homes are moving quickly now and you will not have time to look and then get this from a loan officer.  When a home hits the market that fits your criteria you need to be ready to go look and write an offer.  They are going that quickly.

Resources to check out:

If you are looking for other information let me know and I will point you in the right direction.  We can make recommendations for a few loan officers, home inspectors and real estate attorneys.  You can decide which ones you want to work with.

2021 real estate market update week 12.  Have a great week!

2021 market update week 12Kristine 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 9

2021 market update week 9 Cover

2021 market update week 9.  Here in the Fox Valley new listings of single family homes are up.  190 this week compared to 152 the week before.  The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market.  We are very excited about that.  There just is not enough homes for buyers to look at and this is helping.  We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher.  213 this week compared to 208 the week before.  Some closing that should of closed at the end of the month spill over to the beginning of the next month.  Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

2021 market update week 92021 market update week 9-Stats 030621

We are still closing on more homes than are coming on the market.  It continues to be a seller’s market.  Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

            Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

                     Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

             Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

                      Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

                 Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

              Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

                Closed-20 $263,000-$519,000

St Charles/Campton Hills-

                New-12 $200,000-$995,000

                Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

              Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher.  260 this week compared to 257 the week before.

2021 market update week 9-Contracts accepted this week

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

Aurora-34                                         Bolingbrook-14

Geneva-10                                         Naperville-50

Oswego-16                                        Plainfield-26

St Charles/Campton Hills-14             Yorkville-14

No short sales accepted by seller’s this week.  That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-put clause of 72 hours, 10 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. 2 with a kick-out clause of 72 hours and 1 with 48 hours.

2021 market update by the month

Month                        New     Closed     Contracts accepted

January                     543        649               829

February                   561        604               778

March                       190        213               260

Totals                      1294     1466             1867

Check back with us every Saturday for the 2021 market update.  At the end of each month we take a look back at 2020 and 2019 to see how things are going this year 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.

Thinking about selling this year?  Buyers have not stopped looking.  There is not enough homes on the market.  It is a great time to sell!  Request a home valuation  and give us some details about any improvements you have made and some of your homes features.  We will let you know what it is worth in today’s market.  Also, 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.

If you are wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin.  Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call.  They will provide you with a letter that shows what type of loan and price that works out best for you.  We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

  • Don’t go it alone
  • How much can you afford
  • Understanding the cost
  • Requirements for Septic System owner
  • Buying a condominium
  • Special Service Area
  • Getting it Sold
  • Radon
  • Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction.  If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9.  Have a great week!

2021 market update week 9Kristine 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 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 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 53

Market update Fox Valley week 53.  Yes week 53.  When a leap year and the first day of the year is a Wednesday we have 53 weeks in the year according to timeanddate.com.   Most of the business days this week were in 2020.

New listings of single family homes were up this week.  73 this week compared to 63 the week before.  Not too bad for in between 2 holidays.

Closed listings this week of single family homes were also slightly up.  178 this week compared to 163 the week before.

Market update Fox Valley week 53

 

 

 

 

 

 

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

Aurora-New 11 $124,900-$325,000

            Closed-31 $138,000-$620,000

Bolingbrook-New 6 $195,000-$364,000

                     Closed-11 $199,000-$560,000

Naperville-New 8 $272,900-$879,000

                 Closed-28 $265,000-$3,400,000

Plainfield-New 13 $194,888-$464,900

                Closed-27 $165,000-$549,999

St Charles/Campton Hills-

                New 6 $332,500-$1,275,000

                Closed-14 $191,000-$775,000

These are the communities that perform higher than most week after week throughout the year.

Contracts accepted this week

We saw a very nice increase in contracts accepted this week by sellers.  120 this week compared to 93 the week before.

Market update Fox Valley week 53-Contracts accepted this week

 

 

 

 

 

 

Buyers did not sit on the sidelines between the holidays.  2021 is expected to be more of the same as 2020.  We are hoping for more inventory so buyers have more to choose from.

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

Aurora-25                             Naperville-24

Plainfield-14                         St Charles/Campton Hills-10

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

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

2020 by the month and a look back at 2019 and 2018

2020

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                 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

2018

January                   808       489                 606

February               1040       444                 856

March                   1549       907              1564

April                     1515       836              1278

May                      1569    1066               1344

June                      1828    1720               1474

July                       1318      994                1061

August                  1294    1032                  989

September            1479    1093               1078

October                1042      712                  748

November               729      739                  653

December               665      762                  602

Totals                 14836  10794             12253

Of the 3 years 2020 was the best for closed listings of single family homes.  Closed listings is the most important column to look at because these are actual numbers. 

New listing and contracts accepted both can end up listed more than once.  Sometimes agents after a couple months add them as a new listing again.  Lately not too many properties stay on the market that long though.  Listings of homes that seller accepts a contract sometimes do not make it past the home inspection and attorney review period.

Even though new listings might of been counted more than once, 2020 had the least amount of new listings with the most closed homes.  That is why prices are rising the way they are.  Inventory is severely low.

2020 also saw the most contracts accepted.  Buyers are ready to go.  They are not afraid to write the offer.  They know they are up against multiple offers so they are writing their best offer right away.

The lowest month for closed listing in 2020 was 529 in February and it was higher than the lowest month in the previous 2 years.

2018 saw the highest amount of closed listings in June and it was highest of the 3 years.  August was the highest amount of closed in 2019 but it was below the highest month of 2020 that was in September.  Most years you see the highest amount during the summer months and before school starts.  This year with e-learning you can see that the market was extended until October

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 in 2021?  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 your home.  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 wanting to buy a home in 2021 you need to get some items together and contact a loan officer. They will want a couple of years of tax returns, pay stubs, bank statements, credit card information, car payments and any other monthly payments you have.  Once they go over your credit information they will give you a letter that shows you what type of loan will work out best for you and what price.  This letter will go with an offer when you find a home.  It needs to be updated if it is older than 30 days.

Check out some great resources that might help you:

If you are looking for any other information let us know and we will point you in the right direction.  We can make recommendations for loan officers, real estate attorneys and home inspectors we have successfully worked with in the past.

Market update Fox Valley week 53.  Happy New Year!  Have a great week.

Market update Fox Valley week 53Kristine 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