Market update Fox Valley week 41

Market update Fox Valley week 41.  New listings this week were similar to last week.  256 new listings of single family homes compared to 253 the week before.  Consistency is definitely better than a down turn but it just never seems to be enough.  Inventory remains severely low.  As fast a they come on the market they are snapped up unless they are priced way too high.

Closed listing were down slightly over 29%.  262 closed homes this week compared to 371 the week before.  That is the difference between the beginning of the month and the end of the month.  Most buyers want to close at the end of the month.

Market update Fox Valley week 41

 

 

 

 

 

 

 

 

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

Aurora-New 40 $120,000-$715,000

            Closed-51 $77,500-$750,000

Batavia-New 10 $140,000-$549,900

             Closed-2 $369,000-$455,000

Bolingbrook-New 15 $189,900-$498,900

                     Closed-17 $157,000-$400,000

Geneva-New 9 $294,000-$999,000

             Closed-10 $250,000-$910,000

Naperville-New 51 $299,000-$6,000,000

                 Closed-47 $250,000-$1,365,000

Oswego-New 12 $234,900-$995,000

              Closed-7 $155,000-$400,000

Plainfield-New 25 $200,000-$685,000

                Closed-30 $192,500-$590,000

St Charles/Campton Hills-

                New 21 $179,500-$869,900

                Closed-22 $153,000-$720,000

West Chicago-New 12 $150,000-$449,900

                      Closed-5 $235,000-$600,000

Yorkville-New 12 $144,900-$735,000

              Closed-9 $268,500-$412,000

Contracts accepted this week

Contracts accepted this week are consistent.  289 single family homes this week compared to 292 the week before.  That is consistent!  Buyers are ready to go and step up to write offers.

Market update Fox Valley week 41-Contracts accepted this week

 

 

 

 

 

 

 

 

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

Aurora-44                                  Batavia-13

Bolingbrook-13                         Geneva-18

Montgomery-10                        Naperville-55

Oswego-17                               Plainfield-35

St Charles/Campton Hills-14   Yorkville-12

5 short sales were accepted this week by sellers.  1 each in Aurora, Naperville, North Aurora, Oswego 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.  4 with a kick-out clause of 72 hours and 17 with 48 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 6 with 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                        256       262              289

Totals                       10676     9059         11794

Closed is the column you want to focus on.  September is the best month so far for closings followed by July and then August.  Closed are actual numbers.  New listings sometimes go off the market and then go back on or get relisted as new even if they are not.  Contracts accepted sometimes do not make it past the home inspection and attorney review.  They go back on the market and then accept another contract.  That is why there is such a difference with the numbers.

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.

It is still a great time to put your home on the market.  Request a home valuation so you know what your home is worth in today’s market.  A net proceeds will be provided that shows you an estimate of expenses to sell.  We will update this when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home?  You need to get a file ready with a couple years of taxes, bank statements and any loans that you pay for monthly also credit card information.  Call a loan officer and they will get you qualified so you know the price range and type of loan that will work out best for you.  They will provide you with a letter that will go with an offer when you find a home so you can show the seller that you do qualify to buy their home.  Sellers will not make a decision without it.  You need to update this if it goes beyond 30 days.

Take a look at some great resources:

The interest rate you will receive will depend on your credit score.  You might need to work on it so you get a better interest rate.  The loan officer will guide you with this.  If you need recommendations for a loan officer, home inspector or attorney just let us know and we will provide you with a few names and phone numbers so you can contact them and decide who you want to work with.

Market update Fox Valley week 41.  Have a great week!

Market update Fox Valley week 41Kristine 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 35

Market update Fox Valley week 35 Market update Fox Valley week 35.  New listings of single family homes were slightly down this week.  241 this week compared to 253 the week before.  Schools are back so that might be contributing to the lower numbers.  Hopefully they will pick up because there is still buyers looking to find a home.  The need has not been met yet.

Closed single family homes were also slightly down this week.  325 this week compared to 332 the week before.  Monday is the last day of the month and will be applied to September totals.  It might be a big day too since it is the last day of the month.

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

Aurora-New 24 $172,500-$475,000

            Closed-47 $95,000-$875,000

Batavia-New 9 $275,000-$750,000

             Closed-10 $231,000-$696,639

Bolingbrook-New 15 $188,000-$999,000

                     Closed-17 $200,000-$434,900

Geneva-New 12 $115,000-$671,500

             Closed-21 $242,899-$868,000

Montgomery-New 8 $214,000-$319,900

                      Closed-11 $141,000-$329,500

Naperville-New 58 $299,000-$2,599,000

                 Closed-53 $220,000-$1,435,000

Oswego-New 11 $135,000-$497,560

              Closed-13 $235,000-$488,000

Plainfield-New 29 $184,900-$849,900

                Closed-39 $172,500-$650,000

St Charles/Campton Hills-

                New 20 $275,000-$2,395,000

                Closed-27 $211,000-$1,200,000

West Chicago-New 6 $225,000-$950,000

                       Closed-14 $171,500-$448,000

Yorkville-New 6 $235,000-$374,900

              Closed-13 $205,000-$365,000

If you can’t find a home in the community you are looking at in your price range you might try looking at another community that might have what you are looking for.

Contract accepted this week

Market update Fox Valley week 35-Contracts accepted this weekContracts accepted this week were down by 12.  345 this week compared to 357 the week before.  These numbers would be higher with more homes to show buyers.  The ones that are on the market and priced right are going right away.  Some with multiple offers.  It is a great time to sell.

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

Aurora- 50                                    Batavia-13

Bolingbrook-21                             Geneva-15

Montgomery-19                            Naperville-52

Oswego-25                                    Plainfield-31

St Charles/Campton Hills-27         Yorkville-23

5 short sales were accepted this week by sellers.  1 each in Aurora, Montgomery, Naperville, Plainfield and Yorkville.  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.  16 with a kick-out clause of 72 hours, 23 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  4 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

2020 by the month and compared to 2019 and 2018

Month                       New     Closed     Contract 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             1424

Totals                   9244        7294           10002

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   

Totals                 11531        7163             8866

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

Totals               10921         7488               9172

We are doing slightly better than 2019 but less than 2018 in closed single family homes.  We are way down on new listings.  Our totals for closed could be even better if we had more homes on the market.  Especially if we had a wider range of prices.

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.  Even this time of year.  Buyers are still waiting for homes to come on the market.  Multiple offers are still happening on homes that are in market-ready condition and priced right.  Request a  home valuation and we will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you an estimate of expenses to sell and give you an idea of what you have to work with.  This will be updated once you get an offer and we know all the terms. 

Thinking of buying a home?  You need to be ready to go and flexible with your time and go when a home first comes on the market or you will miss out.  You need to call a loan officer and get pre-qualified and make sure you keep it up to date once they give you a letter showing what you qualify for.  It can’t be more than 30 days old.  You might find a home over the weekend and have a hard time getting in touch with your loan officer to update it so keep an eye on the dates.

Check out some great resources:

If you are having trouble paying your mortgage because of Covid-19 check with IDHA to see if you qualify for assistance.  This ends September 4th but do not wait until the end they might run out of money for help.  If you do not qualify and are having a hard time and want to sell to get the money out of your home to move give us a call.

Market update Fox Valley week 35.  Have a great week!

Market update Fox Valley week 35Kristine 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-September 29 2018

Market Update Fox Valley-September 29 2018Market Update Fox Valley-September 29 2018.  New listings this week on single-family homes were up. 281 this week compared to 271 last week.  Even though we were up this week the market is slowing down.  In our area Naperville is impacting the numbers the most. New listings are about 1/2 of what they were.

Market Update Fox Valley-September 29 2018-Naperville Stats

Closings this week were also up.  258 this week compared to 220 last week.  This is the last week in the month so this was to be expected.

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

Aurora-New 44 $75,000-$695,000                                                       Closed-44 $102,000-$535,000

Batavia-New 9 $179,900-$599,900                                                     Closed-10 $91,000-$483,500

Bolingbrook-New 11 $175,000-$418,000                                           Closed-20 $125,307-$400,000

Geneva-New $209,900-$949,000                                                         Closed-10 $200,000-$522,500

Montgomery-New 9 $139,900-$275,000                                            Closed-11 $110,000-$267,000

Naperville-New 47 $235,000-$2,900,000                                            Closed-37 $210,000-$1,115,000

Oswego-New 16 $140,000-$473,975                                                  Closed-11 $199,900-$440,000

Plainfield-New 40 $219,900-$999,000                                                Closed-29 $160,000-$581,000

St Charles/Campton HIlls-New 24 $189,999-$798,000                   Closed-18 $140,000-$1,000,000

Yorkville-New 11 $218,500-$449,900                                                  Closed-13 $208,000-$316,000

Contracts Accepted this Week

Market Update Fox Valley-September 29 2018-Accepted Contracts this Week

Contracts accepted this week were almost identical to last week.  211 this week compared to 212 last week.

Take a look at the communities with sellers accepting the most contracts this week:

Aurora-24                                              Bolingbrook-27                                        Naperville-36

Plainfield-25                                         St Charles/Campton Hills-16                West Chicago-11

Short sales accepted were about 1/2 of what they were last week.  4 this week compared to 8 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that have a contingency on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 8 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  4 with a kick-out clause of 72 hours and also 4 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker  ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether buying or selling a home.

Let us update your homes value in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses to sell your home.  We will let you know what you need to do to get your home market ready.

If you are thinking about purchasing a home you might want to learn about the different types of loans and the process.  Next contact a loan officer to get pre-qualified so you know what price range will work for you.

You should take a minute to see if you qualify for any down payment assistanceIllinois and some communities also offer assistance.  You will want to check out the community website.

Take a look at current interest rates.  The rate you will be offered will be determined by your credit score so if you need to work on it talk to your loan officer.

Are you a Veteran?  You might want to learn about the requirements and process for getting a VA loan.

We are here to help you with any questions that you have.  

Market update Fox Valley-September 29 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-March 3 2018

Market Update-Fox Valley March 3 2018

Market Update Fox Valley-March 3 2018.  Spring Market is here!  We surpassed the 300 mark.  New listings this week total is 345.  Last week we were at 245 so that is 100 more this week than last.  Sellers will now have a little more competition.  No more waiting if you are thinking about selling this year.   Request a home valuation and let’s get your home on the market!

Closed homes this week were almost double of what they were last week.  206 this week compared to 118 last week.  The end of the month of February ended on Wednesday so the first half of the week were very busy with closings.

We are seeing an increase in the higher priced homes coming on the market.  Relocation’s are happening again.  We have not seen that in a very long time.

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

Aurora-New 36 from $59,000-$559,900                                     Closed-34 from $71,500-$575,000

Batavia-New 15 from $269,900-$3,995,000                              Closed-5 from $266,500-$450,000

Bolingbrook-New 20 from $175,000-$459,000                         Closed-20 from $142,000-$355,000

Geneva-New 19 from $285,000-$615,000                                 Closed-5 from $225,000-$560,000

Montgomery-New 12 from $149,900-$269,900                       Closed-6 from $134,000-$278,000

Naperville-New 79 from $239,900-$1,650,000                         Closed-34 from $195,000-$1,225,000

Oswego-New 20 from $204,500-$799,000                                Closed-9 from $126,000-$342,000

Plainfield-New 35 from $165,000-$615,000                              Closed-25 from $200,000-$519,200

St Charles-New 36 from $249,000-$3,190,000                         Closed-12 from $185,000-$615,000

West Chicago-New 11 from $128,500-$699,000                      Closed-4 from $110,000-$440,000

Yorkville-New 12 from $202,990-$699,900                                Closed-7 from $214,900-$336,000

Market Update Fox Valley March 3 2018Contracts accepted this week by sellers also saw a big increase.  299 this week compared to 222 the week before.  With the increase in New listings this week this number should be even higher next week.  The market is getting more active every week.  The weather is getting milder and more buyers are out there looking.

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

Aurora-45                                                   Oswego-10

Bolingbrook-22                                         Plainfield-43

Geneva-12                                                 St Charles-20

Montgomery-11                                       Sycamore-11

Naperville-52                                            West Chicago-14

North Aurora-12

Short sales accepted by sellers was about the same this week.  6 this week compared to 4 the week before.  Now they will be submitted to the lender to see if they will also accept the contract as written.

Contracts that are contingent on the buyers home closing were also accepted this week.  Buyers home has received and accepted a contract on their current home but they need to close before purchasing.  10 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Sellers also accepted contracts with contingencies that the buyer still needs to sell their current home and close before purchasing.  They might or might not already have their current home on the market.  They do not have a contract on their current home.  6 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

We are seeing these contingencies more and more now.  Current homeowners are getting more confident in selling their home and either buying a larger home, downsizing or changing locations.

We now have a resources page or you can click on the links that we will provide here.  If you are thinking about buying a home your first step is to get pre-approved with a lender.  If you need some names and phone numbers for loan officers we will provide them to you so you can decide who you want to work with.  You can find out about the different types of loans and the process here.

Look up current interest rates but also talk to your loan officer because where your credit  score is will determine what interest rate you receive.

There are might be some help with your down payment.  Take a look to see if you qualify for any assistance. Your lender might also provide you with some help.

Look up School ratings.  Good schools matter whether you have kids or not.  Buying a home in a good school district is a good resale feature.

You can fill out the contact form if you prefer us to get back to you or you can call us at 630-503-6555.  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 104 or Kristine Heiman-Managing Broker ext 101.

Search for a home anytime or sign-up for email alerts so you don’t miss out on a home,  It will automatically email you when a home hits the market with your criteria.

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

Market Update Fox Valley-March 3 2018.   Best Homes Fox Valley.  Have a great week!

Kristine Heiman-Managing Broker

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

Best Homes Fox Valley

besthomesfv@gmail.com

Market Update January 6 2018

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

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

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

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

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

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

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

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

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

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

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

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

Market Update January 6 2018-Accepted Contracts

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

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

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

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

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

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

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

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

Aurora-14

Naperville-11 with 3 of those a short sale

Plainfield-14 with 1 of those a short sale

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

Contact Us

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

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

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

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

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

Market update January 6 2018 Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

630-742-7730

besthomesfv@gmail.com

 

Market Update Fox Valley December 30 2017

Market Update Fox Valley December 30 2017
Activity this week in Fox Valley Communities

Market Update Fox Valley December 30 2017.   Activity this week was slow for both New and Closed listings in the Fox Valley to close out the year.  62 New Listings this week compared to 71 last week.  Both weeks were way down in activity. People were busy with the holiday.

137 Closed listings this week compared to 182 the week before.  Any other ones that could not get closed by the end of the year will close in the next couple of weeks.  Sometimes it is hard to get everything done to close around the holidays.

Communities that saw the most activity this week were:

Aurora-New 12 Closed 18

Bolingbrook-New 5 Closed 17

Naperville-New 9 Closed 27

Plainfield-New 7 Closed 12

Market Update Fox Valley December 30 2017-Contracts accepted

Market Update Fox Valley December 30 2017-Accepted Contracts
Contracts accepted this week in Fox Valley Communitie

Sellers accepting contracts this week were down this week with the holidays.  78 this week compared to 133 the week before.  New listings have been down so buyers are still waiting to see more come on the market.  Hopefully more listings will come on the market after the 1st of the year.  Waiting for Spring market is not necessary right now.  Buyers are still waiting for homes to look at now.  Inventory  has remained low throughout the year.  Request a home valuation to see what your home is worth in the current market so you can see if 2018 is the year for you to make a move.

Short Sale contracts were also down this week.  Sellers accepted 4 this week compared to 9 the week before. Now they will be submitted to the lender to see if they will also accept the contract as written.

Contracts accepted with contingencies were also down.   Sellers accepted contracts that the buyer needs to close on their current home before purchasing. 1 with a kick-out clause of 48 hours and 1 with 24 hours.  The buyers already have a contract accepted on their home but need to close to purchase.

Sellers also accepted contracts with a contingency of a sale and close on the buyers current home.  The buyers might or might not already have their current home on the market. They need to sell and close on their current home to purchase.  2 with a kick-out clause of 48 hours.

The communities that sellers accepted the most contract this week are:

Aurora-15 & Bolingbrook-10 with 3 of those a short sale.  The other community where the seller accepted a contract with a short sale was Plainfield with 1.

Let’s take a look back over 2017 in Kane and Kendall Counties

 Fox Valley December 30 2017
Kane County Activity for the year 2017

 

 

 Fox Valley December 30 2017
Kane County Active Listings & Days on Market for the Year 2017
Market Update Fox Valley December 30 2017
Kendall County Activity for the Year 2017

 Fox Valley December 30 2017
Kendall County Active Listings and Days on Market for the Year 2017

 

These charts show you the current inventory of single family homes in both Kane & Kendall Counties.  You can see that the number of homes in each county are low.  The average over the year of days on market are also low. Some were sold as soon as they came on the market and some took longer.  It is a great time to be a seller!  It can be frustrating for buyers waiting for more inventory to come on the market.  That is why we started to see more contracts accepted with contingencies on the close and sale and close on homes. It is also a time where we might start to see sellers put on their listing that the sale is contingent on seller finding suitable housing.

Contact Us

You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form and let us know how and when you would like us to get back to you.  Buyers can learn about loans and the process here.  Search for Down Payment assistance here.  We would be happy to recommend loan officers to contact that we have successfully worked with so you can choose.  Search for homes anytime.  We make it our business to find the perfect fit for your needs. Our goal is to negotiate price and terms that are best.  Market update Fox Valley December 30 2017. Happy New Year!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Market Update Fox Valley December 23 2017

Market Update Fox Valley December 23 2017
Communities with Activity this week with Minimum to Maximum price ranges

Market update Fox Valley December 23 2017.  I was too busy over the holiday to post this last Saturday but I thought better late than never.  New listing activity was slower this week before Christmas.  71 New listings compared to 113 the week before. I think most people were really busy this week before the holiday getting last minute things done.  For the buyers out there still looking we hope that next week and the beginning of the New Year brings more homes coming on the market so it is not so hard to find what you are looking for.  We will keep you informed of all New listings in the Fox Valley area.  Fill out the form if you want us to email you listings in real time as they hit the market.  Let us know the area you are looking in and what your needs are.

Closed listings were also down a little.  182 this week compared to 193 the week before.  That is not too bad for this time of year.  We will let you know next week how the end of the month and end of the year turns out.  If 2018 is the time you are wanting to make a move you can request a home valuation and we will let you know what your home is worth in the current market.

Some communities are consistently more active then others.  It could be the school district, close to jobs or roads to get to jobs.  Sometimes it is a combination of things like what a community has to offer, taxes or entertainment.  You can go to a community website to find out what they have to offer.  Look up information on school districts.  County or township assessor to find out about taxes.  If there is other information you are looking for let us know.  We will find out for you or point you to where you can find information.

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

Aurora-New 13 Closed 32

Bolingbrook-New 3 Closed 15

Naperville-New 13 Closed 23

Oswego-New 4 Closed 13

Plainfield-New 10 Closed 23

St Charles-New 8 Closed 13

Market Update Fox Valley December 23 2017-Contracts Accepted

Market Update Fox Valley December 23 2017-Contract Accepted
Communities that seller accepted contracts this week.

Market update Fox Valley December 23 2017-Contracts accepted this week.  Activity for sellers accepting contracts this week were down.  133 sellers accepted contracts this week compared to 172 last week.

Short sales that sellers accepted were about the same.  9 short sales accepted this week compared to 8 the week before.  The contracts  will be submitted to the lender to see if they will also be accepted as written.

Sellers accepted contracts this week with a contingency of buyers closing on the sale of their current home.  Buyers have already accepted an offer on their current home but need to close to purchase.  2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with a kick-out clause of 24 hours.

Contracts were also accepted with a contingency of the sale and closing of buyers current home.  Buyers home might or might not currently be on the market.  They need to accept a contract and close on their current home before purchasing. 1 with a kick-out clause of 72 hours, 1 with 48 hours and also 1 with a 24 hour kick-out clause.

Communities that sellers accepted the most contracts this week:

Aurora-25    1 with a short sale

Bolingbrook-23    2 with a short sale

Naperville-19

Plainfield-20       2 with a short sale

St Charles-10        1 with a short sale

Other communities that sellers accepted contracts with a short sale are Batavia with 1, Montgomery with 1 & Sheridan with 1.

Contact Us

Contact us to answer your real estate questions at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Check out current interest rates. Search for homes for sale anytime.  Learn about the loan process.  We can recommend loan officers, real estate attorneys & home inspectors to contact so you can choose who you want to work with.  We make it our business to find the perfect fit for your needs.  Our goal is to negotiate price and terms that are best.  Market update Fox Valley December 23 2017.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

besthomesfv@gmail.com

Market Update Fox Valley December 16 2017

Market Update Fox Valley December 16 2017
Fox Valley Activity of New & Closed Listings this week

Market update Fox Valley December 16 2017.  New listings are down again this week.  113 this week compared to 126 the week before.  I think sellers are waiting until after the holiday at this point.  This is not good for buyers that are hoping to find a home and be excited during the holiday that they finally found a home.

Closed homes were up slightly this week.  193 this week compared to 186 the week before.  Closings should increase as we head to the end of the month and end of the year.  It sometimes gets tricky to set up closings with 2 holidays so close to each other.  Closings at this time of year are extra special with everyone in the holiday spirit.

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

Aurora-New 17 Closed 28

Bolingbrook-New 9 Closed 12

Geneva-New 5 Closed 11

Montgomery-Closed 12

Naperville-New 22 Closed 33

Plainfield-New 11 Closed 24

St Charles-New 11 Closed 16

If you are looking for a home these are the communities with the most New Listings. The chart above shows you the price ranges in each community of New Listings and Closed homes.  You might want to take a look at their community website to see what they have to offer.

Market Update Fox Valley December 16 2017 Contracts Accepted This Week
Sellers accepted contracts this week in these communities

Contracts Accepted This Week

Contracts accepted by sellers was up this week.  172 this week compared to 157 the week before.  Buyers are still actively looking for homes. It is a great time to be a seller with low inventory and not a lot of competition.

Short sales accepted by sellers this week were about the same.  8 this week compared to 7 the week before.  Now they will be submitted to the lender to see if they will also accept the contract as written.  So many people think the price that a short sale is listed at is what the lender agreed to list it for.  That is not true unless they have had an offer already that did not go through.

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

Aurora-20  with 1 of them a short sale

Bolingbrook-21 with 2 of them a short sale

Montgomery-10

Naperville-32 with 1 of them a short sale

Plainfield-21 with 1 of them a short sale

St Charles-11

Yorkville-10 

Other communities that sellers accepted a contract that was a short sale are North Aurora with 1, Plano with 1 & West Chicago also with 1.  Even though we are close to the holidays the buyers are still out there looking.

Contracts were accepted this week that are contingent on the close of the buyers current home.  The buyers have already accepted a contract on their current home but need to close before purchasing. 3 with a kick-out clause of 72 hours and 5 with a 48 hour kick-out clause.

Sellers also accepted contracts that are contingent on the sale and closing of the buyers current home.  The buyers current home might or might not already be on the market. They still need to accept a contract on their current home and close before purchasing. 1 with a 72 hour kick-out clause, 2 with 48 hours and 1 with a 24 hour kick-out clause.

Contact Us

We are keeping an eye on the market.  Let us know what questions you have on selling or purchasing a home.  Our goal is to negotiate the price and terms that are best.

Buyers can learn more about loans and the process here.  If you need recommendations of a loan officer to contact we can tell you about loan officers that we have successfully worked with for you to choose.  Your first step is to get pre-qualified so you know what you are able to do.  You can look at current interest rates and keep an eye on them.  Look for down payment resources.

Homeowners if you are thinking about selling, you can request a home valuation to see what your home is worth in the current market and what the projected outcome might be. We tell you what you need to do to get your home market ready.

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form is you prefer us to get back to you.  

Start searching for a home anytime that is convenient for you.  You can also look to keep track on how your area is selling.

We make it our business to find the perfect fit for your needs.  

Market update Fox Valley December 16 2017.

Kristine Heiman-Managing Broker

besthomesfv@gmail.com

630-503-6555

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

Market Update Fox Valley December 9 2017

Market Update Fox Valley December 9 2017
Fox Valley Communities with activity this week 

Market update Fox Valley December 9 2017.  It was a busy weekend so I am just now getting the time to post this from Saturday.  New listings were way down this week.  126 this week compared to 177 last week.  Potential sellers might be waiting until after the Holiday to list their home.  If they listed now they just might make someone have a wonderful holiday knowing they have found a home,  Buyers are still out looking especially with our continued low inventory.

Closed homes this week  were also down slightly.  186 this week compared to 205 last week.  Usually the beginning of the month the numbers are lower.  I think last week was homes that could not close at the end of November because of the Thanksgiving holiday.  These numbers should pick up as we get closer to the end of the month and also end of the year.

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

Aurora-New 20 Closed 31

Bolingbrook-New 8 Closed 11

Geneva-New 6 Closed 10

Montgomery-New 2 Closed 12

Naperville-New 19 Closed 26

Oswego-New 10 Closed 11

Plainfield-New 21 Closed 19

St Charles-New 14 Closed 11

The chart above shows you in each community the single family homes that were listed and closed and the price ranges.

Accepted Contracts This Week

Market Update Fox Valley December 9 2017-Contracts Accepted This Week
Communities this week that sellers accepted contracts

Contracts this week that were accepted by sellers in the Fox Valley were about the same as the week before.  157 this week compared to 150 last week.  These numbers would improve with more homes on the market.  Buyers are out looking and waiting for homes to see.

Short sales this week were also about the same.  7 contracts accepted by sellers this last week compared to 8 the week before.  Now the contract will be presented to the mortgage company to see if they will also accept contract as written.  The wait begins!

Take a look at the communities that had activity with the seller accepting contracts:

Aurora-27 with 2 of those as a short sales

Bolingbrook-1 that is a short sale

Naperville-24

Oswego-11 with 1 of those as a short sale

Plainfield-16

The other communities that the seller accepted a contract and was a short sale were Montgomery with 1 and North Aurora with 2.

Sellers accepted contracts that the contract is contingent on the close of the buyers current home.  They have already accepted a contract on their home but need to close to purchase. 2 with a 72 hour kick-out clause, 7 with 48 hours and 2 with a 24 hour kick-out clause.

Contracts were also accepted by sellers the are contingent on the buyer selling their home.  They might or might not already have their home on the market.  They need to sell their home and close before purchasing. 3 with a kick-out clause of 48 hours.

The chart above shows you the communities that had sellers accepting contracts for last week.  Despite low inventory buyers are still out there looking wanting to purchase.

Contact Us

Contact us so we can negotiate your home sale or purchase with price and terms that are best.   We make it our business to find the perfect fit for your needs.  You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form if you would like us to get back to you.  If you are thinking about selling you can also fill out the home valuation request and we can set up a time that works best for you.  We will provide you with the value of your home in the current market.

If you are thinking about purchasing, your first step is talking to a loan officer to see what you qualify for and see if you need to work on your credit score before purchasing.  You might want to check out more information about loans and the current interest rates.  You might also want to check out down payment resource to see if there is any help for you.  Search for homes anytime in Northern Illinois.

Market update Fox Valley December 9 2017

Kristine Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

 

Market Update Fox Valley November 25 2017

Market Update Fox Valley November 25 2017
Activity this week in the Fox Valley

Market update Fox Valley November 25 2017.  I hope you  had a wonderful Thanksgiving!  We sure did.  It was an extremely slow week for real estate activity with the holiday. 104 New Listings this week compared to 170 last week.

Closings were also slow with the short week for the holiday.  130 closings this week compared to 200 last week.  That is quite a difference!  The month ends next Thursday so next week closings should pick up.

The communities with the most activity this week were:

Aurora-New 16 Closed 20

Bolingbrook-New 14 Closed 15

Naperville-New 13 Closed 18

Plainfield-New 14 Closed 23

Market Update Fox Valley November 25 2017-Contracts Accepted this week
Contracts Accepted this week in the Fox Valley

Accepted Contracts This Week

Contracts accepted by sellers in the Fox Valley were low this week.  Sellers accepted 134 contracts this week compared to 199 last week.  That is more contracts accepted than New Listings so that really puts the inventory lower than it has been.  There is a lot less homes to choose from.  Sellers this is the time to get your home on the market!

Short sales stayed about the same as last week.  5 were accepted this week by sellers compared to 6 last week.  Now they will move on to the mortgage company to see if they will also accept them as written.

Sellers accepted contracts this week that are contingent on the buyer closing on their home.  The buyers have an accepted contract on their home but need to close before purchasing.  1 with a 72 hour kick-out clause, 5 with 48 hours and 2 with 24 hour kick-out clause.

Sellers also accepted contracts that the buyer needs to sell their home.  It might or might not already be on the market.  They need to sell their home and close before purchasing. 1 with a 72 hour kick-out clause, 3 with 48 hours and 1 with a 24 hour kick-out clause.

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

Aurora-25

Bolingbrook-12

Naperville-15

Plainfield-15

St Charles-11

We hope this next week New Listings will pick up so buyers have more to choose from.  Right now you are looking at the first of the New Year to close whether buying or selling. If your home is market ready, priced right and the buyers are ready to go with the mortgage company or paying with cash.  You might still be able to close before the end of the year. 

Contact Us

Contact us to answer all your real estate questions.  Request a home valuation to see where your home is valued in today’s market.  Make recommendations what needs to be done to get your home market ready.  Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill our the contact form and let us know when would be a good time to get back to you and how you want us to reach you.

Search for homes anytime whether you are just keeping an eye on the market, looking at your neighborhood to see how it is doing right now or thinking about purchasing.  If you are thinking about purchasing you will want to get pre-qualified with a lender.  We can provide recommendations for you with a few to contact to decide who you want to work with.  Search Down Payment Resource to see if you qualify for any help.  To see more about the process and the different types of loans for to CFPB.  Check out current interest rates .

Our goal is to negotiate the price and terms that are best.  We make it our business to find the perfect fit for your needs.  Have a great week!  Market update Fox Valley November 25 2017.

Kristine Heiman, MCNE-Managing Broker

Master Certified Negotiation Expert

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com