Fox Valley home prices June 11

Fox Valley Home Prices April 23

Fox Valley home prices June 11.  This is the first full week of June.  We will go over new listings, closed and contracts accepted.  What communities had the most activity, median prices and  financing used.  We will also take a look at 2022 by the month.

New listings this week were down.  243 this week compared to 279 the previous week.

Closed listings were also down.  256 this week compared to 306 the previous week.

Fox Valley home prices June 11

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

Aurora-New 32 $139,900-$1,230,000

            Closed-26 $150,000-$906,000

Batavia-New 11 $255,000-$709,900

             Closed-10 $290,750-$495,000

Bolingbrook-New 23 $120,000-$950,000

                    Closed-26 $230,000-$540,000

Geneva-New 9 $234,900-$899,000

             Closed-15 $235,000-$999,486

Naperville-New 44 $329,500-$3,750,000

                  Closed-46 $300,000-$1,350,000

Oswego-New 14 $295,000-$520,000

              Closed-12 $240,000-$585,000

Plainfield-New 34 $239,900-$1,045,000

                Closed-25 $285,000-$625,000

St Charles-New 15 $275,000-$825,000

                   Closed-16 $315,000-$950,000

Yorkville-New 13 $179,500-$689,900

               Closed-11 $194,500-$810,000

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

Median list price this week $399,000, last week $400,000

Closed median price this week $415,500, last week $410,000

Stats 061122
Stats for week ending June 11

Conventional financing was used for 184 homes with median price of $434,000 with 19 days average market time, last week 251 homes at median price $430,000 with 12 days average market time.

Conv 061122
Conventional financing used for week ending June 11

Cash was used to close on 35 homes with  median price $402,500 with 18 days average market time, last week 18 homes at median price $391,250 with 13 days average market time.

Cash 061122
Cash used to close for week ending June 11

FHA financing was used to close on 25 homes this week with a median price $320,000 with 34 days average market time, last week 19 homes with a median price $310,000 with 24 days average market time.

FHA 061122
FHA financing used to close for week ending June 11

VA financing was used to close on 9 homes this week with a median price $437,180 with 14 days average market time, last week 15 homes with median price $383,000 with 51 days average market time.

VA 061122
VA financing used to close for week ending June 11

Homes that are at least 2,000 square feet or more closed on 167 with a median price $497,600 with 25 days average market time, last week 193 homes with median price $480,000 with 16 days average market time.  Minimum price this week $228,000, last week $155,000.  What a difference a week makes.

2000 SF or more 061122
Homes that were at least 2,000 SF or more closed for week ending June 11

Contracts accepted this week

Contracts accepted this week were up.  290 this week compared to 218 the previous week.

Fox Valley home prices June 11-Contracts accepted this week

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

Aurora-42                           Batavia-12

Bolingbrook-22                    Geneva-14

Montgomery-16                   Naperville-49

Oswego-12                          Plainfield-35

St Charles-17                     Yorkville-11

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

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

1  that we do not have information about how long the buyers have to waive contingences or drop out.

Median price under contract this week $379,950 with 31 days average market time, last week median price $399,450 with 20 days average market time.

contingent stats 061122
Contingent stats for week ending June 11

2022 by the month

Month          New   Closed   Contracts accepted

January             422         492              623

February           523         520              724

March               734         904              890

April                1168         966             1334 

May                  1101         893              806

June                 522         562              508

Totals        4470     4337        4885

It is still a tight market, but loosening up slightly.  Prices are still rising.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we take a look back at 2021 and 2020 so you can see how the market is doing this year.

Resources

Click on everything that is darkened and underlined.  It will take you to the site for the information. If there is any other information that you are looking for let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate they will be offering you.  It depends on your credit score.  They can help you bring up your score.  Just ask.

We can also recommend real estate attorney, home inspector and loan officers.

Request a home valuation and we will let you know what your home is worth in today’s market.  Give us some information about your home and what has been recently updated.

If you are thinking about buying a home you need to get in touch with a loan officer and get them all your financial information so they can put you through underwriting and get approved for a loan so when you start looking you know that you will be able to go through with it and it also lets the seller know that you already did the work.  It puts you in a better position to win.

Sign-up for email alerts so you do not miss out on a property that comes on the market.

Contact us

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

All data provided today is from our MLS.  MRED, LLC.  The data is constantly changing as agents upload the information throughout the day.

Fox Valley home prices June 11.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

How many VA deals closed in week 32

How many VA deals closed in week 32-Cover

How many VA deals closed in week 32?  Shortly we will break it down for you what types of financing was chosen most this week.  There are many veterans that live in the Fox Valley area.  We do not know how many VA offers were not accepted, but we do know how many closed this week.
First we will talk about new listings for the week.  New listings were down.  251 this week compared to 264 the week before.  This is making a low inventory situation even worse.
Closed listings were also down.  291 this week compared to 340 the week before.  This will increase as we get closer to the end of the month.

How many VA deals were closed in week 32

Take a look at the communities that had the most activity this week:
Aurora-New 35 $140,000-$599,900
            Closed-37 $97,000-$711,711
Batavia-New 7 $235,000-$650,000
            Closed-15 $185,100-$679,000
Bolingbrook-New 23 $200,000-$507,174
                   Closed-21 $205,000-$488,000
Geneva-New 11 $235,000-$1,295,000
            Closed-19 $256,000-$1,995,000
Naperville-New 37 $299,900-$2,195,000
                 Closed-52 $290,000-$2,225,000
Oswego-New 8 $289,900-$544,900
             Closed-11 $270,000-$522,000
Plainfield-New 41 $255,000-$899,900
               Closed-37 $225,000-$790,000
St Charles-New 20 $275,000-$1,275,000
                  Closed-32 $253,000-$1,250,000
West Chicago-New 10 $214,000-$1,075,000
                      Closed-6 $253,000-$559,000

Financing, median list and closed price

Median list price this week $361,470, and last week $350,000.
Median closed price this week $375,000, and last week $365,000.
The median list and closed prices have been fluctuating up and down, but basically staying in the same range.

How many VA deals closed in week 32-Stats 081421

Conventional deals that closed this week 221, and last week 248.
Cash deals that closed this week 33, and last week 39.
How many VA deals closed in week 32-Conv and Cash 081421
Conventional and Cash
FHA deals that closed this week 26, and last week 41.
VA deals that closed this week 9, and last week 12.
How many VA deals closed in week 32-FHA and VA 081421
FHA and VA
Totals were down in each one.  We do not know how many VA loan offers are not getting accepted, but the trend you can see is seller’s are accepting more Conventional loans then anything else.  Hopefully, it is not that agents are shying away from VA loans because they think they will be  hard or take longer to close.  If a home is in good condition there should be no problem with getting a VA loan approved.  Using a lender that is familiar with the process is very important.

Contracts accepted this week

Contracts accepted this week were up.  303 this week compared to 281 the week before.

How many VA deals closed in week 32-Contracts accepted this week

Look at the communities seller’s accepted the most contracts this week:
Aurora-56                                              Batavia-10
Bolingbrook-24                                      Montgomery-15
Naperville-37                                        Oswego-13
Plainfield-41                                          St Charles-24
West Chicago-16                                   Yorkville-19
No short sales were accepted by seller’s this week.
 
Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 6 with 48 hours, and 4 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours.

2021 by the month

Month                      New     Closed     Contracts accepted
January                    543        649             829
February                   561        604             778
March                      993       1099           1455
April                      1006        926            1387
May                       1088      1228            1289
June                      1450       1686           1671
July                       1118      1182            1210
August                      515       631             584
Totals                     7274      8005            9203
We started out the year ahead with closed homes.  Deals that were accepted in 2020 that closed in the beginning of the year.  There is usually a gap between new and closed, but not this year.
It continues to be a seller’s market.  We are still seeing multiple offers, but it is not as intense.  We are starting to see price reductions on some of the higher priced homes.
Contact us
Call us at 630-503-6555 with all your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Request a home valuation

if you are thinking about selling your home.  Give us some information about what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell so you can see where you are at.  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 want to find a loan officer that will put you through the process to get pre approved.  Getting pre-qualified just is not enough anymore when you are going to be up against multiple offers.  Seller’s will be confident in accepting an offer with a pre approval before they accept an offer with a buyer that has not gone through the process.
Resources:

We can make recommendations of loan officers, real estate attorneys and home inspectors that we have successfully used in the post.  You can decide who you would like to work with.

How many VA deals closed in week 32.  We hope more agents will get informed about VA loans so they will be more confident in accepting a VA offer.  Our veterans deserve to be able to use their benefits.

Have a great week!

How many VA deals closed in week 32-Kristine Heiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 29

2021 Real Estate market update week 29 Cover

2021 real estate market update week 29.  Welcome back!  Other places you can get the percentages up or down over all for the week.  We go into a deeper dive into the numbers.  You might be just keeping an eye on your community to see how it is doing or you might be looking for a home and this might persuade you to look at different communities.  Let us know what information is most important to you.

New listings of single family homes was up slightly.  289 this week compared to 277 the week before.  It seemed towards the end of the week more listings were coming on the market.

Closed listings of single family homes were pretty consistent.  306 this week compared to 305 the week before.  Next week is the last week of the month when most buyers want to close.

2021 Real Estate Market Update Week 29

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

Aurora-New 33 $115,000-$598,900

               Closed-40 $130,000-$575,000

Batavia-New 10 $219,900-$449,900

                Closed-13 $260,000-$650,000

Bolingbrook-New 18 $214,900-$485,000

                        Closed-23 $217,500-$522,000

Geneva-New 13 $260,000-$579,900

                Closed-14 $297,000-$576,000

Montgomery-New 10 $130,000-$339,000

                         Closed-6 $185,000-$330,000

Naperville-New 60 $249,999-$2,150,000

                     Closed-61 $177,500-$1,725,000

North Aurora-New 10 $208,500-$480,000

                          Closed-4 $200,500-$410,000

Oswego-New 9 $210,000-$610,000

                 Closed-14 $251,000-$465,000

Plainfield-New 42 $199,900-$600,000

                    Closed-37 $210,000-$630,000

St Charles-New 24 $215,000-$993,000

                      Closed-23 $222,500-$1,800,000

West Chicago-New 14 $190,000-$825,000

                          Closed-16 $193,000-$582,750

Financing used, median list and closed price

Median list price of single family homes was $360,000 this week compared to $359,900 the week before.

Median closed price of single family homes was $$379,000 this week compared to $355,000 the week before.

2021 Real Estate Market Update Week 29-Stats 072421
Stats this week

Financing choices on closed single family homes this week using Conventional this week 238 and last week 232. Cash this week 27 and last week 28.

2021 Real Estate Market Update Week 29-Conventional and cash Closed
Conventional and Cash

Financing choices on closed single family homes this week using FHA this week 36 and last week 39. VA this week 5 and last week 6.

2021 Real Estate Market Update Week 29-FHA and VA
FHA and VA

Contracts accepted this week

Contracts accepted this week by seller’s on single family homes was pretty consistent.  322 this week compared to 321 the week before.  Consistency in the market is a wonderful thing.  Some talk about it slowing a bit.  Maybe there are not as many offers on a property as there was, but buyers are still out there looking to buy.  It continues to be a seller’s market here in the Fox Valley area of Illinois.

2021 Real Estate Market Update Week 29-Contracts accepted this week

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

Aurora-53                           Batavia-13

Bolingbrook-23                  Geneva-10

Montgomery-12                 Naperville-50

Oswego-14                         Plainfield-46

St Charles-27                   Yorkville-14

No short sales were accepted by seller’s this week.  That does not mean that they are not out there.  Most people that need to sell, that normally would be selling short, have had enough price appreciation that they can sell and payoff the loan. 

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 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 3 with 48 hours.

2021 real estate market by the month

Month                      New     Closed     Contracts accepted

January                  543          649                   829

February                561           604                   778

March                      993        1099                 1455

April                       1006          926                 1387

May                        1088         1228                1289

June                      1450         1686                 1671

July                         853           817                    913

Totals                   6494       7009                  8322

So far June is the best month across the board.  Closed homes is the most important column to keep track of because this is actual numbers.  Some seller’s can accept a contract but because of many reasons it can go back on the market..

Contact us

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

Is it the right time to make a move?  Request a home valuation and give us a little information about your home and what updates have been completed.  We will provide you with a net proceeds that shows you the expenses to sell and you decide if it is the right time.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  You need to contact a loan officer and give them all your financial information so they can get you pre approved. You need to take this extra step if you want to even be considered by a seller.  We can set you up to receive listings as they hit the market so you don’t miss out on a thing.

Resources:

Need recommendations for a real estate attorney, loan officers or home inspectors?  Just let us know and we will recommend a few for you to contact and decide who you want to work with.

All data used is from our MLS MRED, LLC

2021 real estate market update week 29.  Have a wonderful week!

2021 market update week 29-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AWHD

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 28

2021 Real Estate market update week 28 Cover

2021 real estate market update week 28.  Welcome back!  We are here to give you as much information as we can about the market here in the Fox Valley area of Illinois.

New listings of single family homes were down.  277 this week compared to 287 the week before.  Any decrease, even if it is small, is not good.  There just is not enough homes on the market.

Closed listings of single family homes were way up.  305 this week compared to 206 the week before.  As we head into the end of the month they should increase.

2021 Real Estate Market Update Week 28

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

Aurora-New 40 $142,000-$739,000

            Closed-49 $165,000-$615,000

Batavia-New 7 $274,900-$524,900

             Closed-10 $335,000-$960,000

Bolingbrook-New 26 $175,000-$499,900

                    Closed-19 $205,250-$774,900

Geneva-New 8 $249,900-$763,000

             Closed-16 $195,000-$860,000

Montgomery-New 6 $165,000-$292,500

                     Closed-14 $167,350-$361,000

Naperville-New 47 $278,000-$1,990,000

                 Closed-46 $240,000-$1,400,000

North Aurora-New 2 $199,900-$339,900

                      Closed-10 $291,000-$462,000

Oswego-New 15 $300,000-$525,000

              Closed-14 $177,000-$610,000

Plainfield-New 38 $225,000-$1,000,000

                Closed-40 $250,000-$640,000

St Charles-New 20 $279,990-$1,395,000

                  Closed-19 $185,000-$696,000

Sycamore-New 11 $259,900-$549,900

                  Closed-12 $140,000-$615,000

Yorkville-New 15 $267,500-$449,000

               Closed-7 $285,000-$430,000

To see the other communities click on the photo above to enlarge.  You might need to look in communities around where you would like to live to find something.  If you are looking by school district or a certain subdivision we can set you up to receive listings in those areas.  Just let us know what you are looking for.

Median price and type of financing 

Single family homes median list price this week was $359,900, and last week it was $379,900

Median closed price of single family homes this week was $355,000, and last week it was $370,000.

2021 Real Estate Market Update Week 28-Stats 071721

Financing of single family homes that closed this week:

Conventional-232

Cash-28

FHA-39

VA-6

Financing of single family homes the week before:

Conventional-153

Cash-25

FHA-26

VA-4

I decided to add this so you can see what type of financing most buyer’s are using right now to get their offer accepted.

2021 Real Estate Market Update Week 28-Conventional and Cash
Conventional and Cash
2021 Real Estate Market Update Week 28-FHA and VA
FHA and VA

Contracts accepted this week

Contracts accepted this week on single family homes were up.  321 this week compared to 270 the week before.

2021 Real Estate Market Update Week 28-Contracts accepted this week 

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

Aurora-61                                 Bolingbrook-23

Geneva-10                               Montgomery-13

Naperville-57                           Plainfield-40

St Charles-27

1 short sale was accepted this week by a seller.  It was in St Charles. 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, 8 with 48 hours and 1 with 24 hours.

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

2021 real estate market by the month

Month                         New     Closed     Contracts accepted

January                        543           649                 829

February                      561           604                 778

March                          993          1099               1455

April                           1006            926               1387

May                            1088         1228               1289

June                           1450         1686               1671

July                              564            511                 591

Totals                         6205          6703               8000

You can see on the contracts accepted column, that contracts have been accepted more than once on a home.  Sometimes because of inspection issues, appraisal issues or loan did not get approved.

Closed is the most important column. These are actual numbers.  At the end of each month I will compare to 2020 and 2019 so you can get a better idea of how this year is going.

Contact us

Call us 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 this wonderful seller’s market?  Request a home valuation and tell us a little bit about your home.  What updates have you 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.

Are you wanting to buy a home?  You need to get pre approved with a loan officer first.  Get them all your financial information.  You have to be ready to go or you will lose out.  You will be up against multiple offers.

Resources:

If there is still information that you are looking for just let us know, and we will point you in the direction to the information.

All data used here is from our MLS MRED  LLC.

2021 real estate market update week 28.  Have a great week!

2021 market update week 28-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AWHD

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 27

2021 Real Estate market update week 27 Cover

2021 real estate market update week 27. We are working on the second half of the year now and hope the inventory of homes will improve.

New listings of single family homes was up.  287 this week compared to 239 the week before.  Great news!  We will take any improvement we can get.

Closed listings of single family homes were down.  206 this week compared to 419 the week before.  That is to be expected for the beginning of the month.

2021 Real Estate Market Update Week 27

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

Aurora-New 46 $194,900-$585,000

            Closed-40 $155,000-$900,000

Bolingbrook-New 10 $198,000-$479,000

                    Closed-16 $215,000-$450,000

Elburn-New 11 $162,000-$699,000

            Closed-2 $307,000-$370,000

Geneva-New 9 $252,900-$882,592

              Closed-19 $261,000-$962,152

Naperville-New 63 $299,900-$2,095,000

                 Closed-37 $320,000-$1,209,000

Oswego-New 13 $249,900-$525,000

              Closed-12 $258,000-$485,000

Plainfield-New 34 $220,000-$1,399,000

                Closed-15 $250,000-$596,388

St Charles-New 29 $199,900-$1,449,000

                  Closed-11 $275,000-$900,000

Yorkville-New 11 $219,900-$1,100,000

               Closed-7 $240,000-$565,500

Median price and financing this week

Median list price of single family homes this week was 379,900.  Last week it was $369,504.

Median closed price of single family homes this week was $370,000 same as the week before.

2021 Real Estate Market Update Week 27-Stats 071021

I thought I would add financing this week so you can see what is happening.  I did this a little later this morning than my first download so we have 2 more than what is listed above.

2021 Real Estate Market Update Week 27-Conventional and Cash

The one on the left is Conventional financing.  There were 153 with $379,900 the median closed price.

The one on the right is Cash.  There were 25 with $412,500 the median closed price.

2021 Real Estate Market Update Week 27-FHA and VA

The one on the left is FHA financing.  There were 26 with $291,500 the median closed price.

The one on the right is VA financing.  There were 4 with $417,950 the median closed price.

It is important to see the breakdown of what happening right now.  I will continue to list this so you can see if things start to change.

Contracts accepted this week

Contracts accepted this week were down.  270 this week compared to 325 the week before.  Last week new listings were down so that makes sense.

2021 Real Estate Market Update Week 27-Contracts accepted this week

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

Aurora-46                                   Bolingbrook-21

Montgomery-13                          Naperville-45

Oswego-13                                 Plainfield-39

St Charles-25

No short sales were accepted by seller’s this week.  With the prices going up, even if they need to sell because of not working, most likely they can sell without having to go that route.

Sellers accepted contracts that are contingent on the buyer’s closing on their current home.  9 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

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

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                    1006           926               1387

May                    1088         1228               1289

June                   1450         1686               1671

July                      287           206                 270

Totals                 5928         6398                7679

Closed is the most important column to look at.  We started ahead at the beginning of the year with inventory left over from the previous year.  Not all of the contracts accepted will end up closing.  Sometimes they come back on the market after home inspection/attorney review period of after the appraisal comes in.   Prices have increased, and the appraisals don’t always match, so if they can’t come to an agreement the home goes back on the market.

It continues to be a seller’s market.

Contact us

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

Thinking about selling this year?  Request a home valuation and let us know a little bit about your home and what you have updated.  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.  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 have to call a loan officer and get them all your financial information so they can get you pre approved.  Pre qualify will not do in today’s market.  You will probably be up against other offers when you do find a home so you want to let the seller’s know that you did this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors just let us know and we will recommend a few for you to choose from.

2021 real estate market update week 27.  Have a great week!

2021 market update week 27-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designate 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 26

2021 Real Estate market update week 26 Cover

2021 real estate market update week 26.  New listings this week are down.  239 this week compared to 285 the week before.   Next week hopefully will be better with getting past the holiday.

Closings this week were way up.  419 this week compared to 292 the week before.  Usually closing are up at the end of the month but some of these might of been delayed closings.

2021 Real Estate Market Update Week 26

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

Aurora-New 29 $149,900-$595,000

            Closed-63 $106,000-$753,000

Bolingbrook-New 18 $174,900-$501,375

                     Closed-29 $194,000-$513,925

Geneva-New 10 $275,000-$864,900

             Closed-19 $249,500-$1,700,000

Naperville-New 47 $249,900-$1,650,000

                 Closed-80 $265,000-$1,649,000

North Aurora-New 5 $224,900-$359,900

                       Closed-12 $205,000-$500,000

Oswego-New 10 $275,000-$725,000

             Closed-15 $250,000-$465,000

Plainfield-New 32 $185,000-$550,000

                Closed-52 $160,000-$640,000

St Charles-New 21 $180,000-$705,000

                 Closed-40 $184,900-$1,450,000

Sycamore-New 6 $105,000-$439,000

                 Closed-15 $117,000-$585,000

Warrenville-New 0

                   Closed-12 $216,000-$740,000

West Chicago-New 6 $324,000-$850,000

                      Closed-13 $210,000-$530,000

Yorkville-New 7 $335,000-$565,000

              Closed-15 $221,000-$400,000

Median list price this week is $369,504, and the week before was $370,000

Median closed price this week is $370,000, and the week before was $373,750.

2021 Real Estate Market Update Week 26-Stats 070321

Contracts accepted this week

Contracts accepted this week were down.  325 this week compared to 355 the week before.  This July 4th holiday has impacted the market this week.  We should get back to normal next week.

2021 Real Estate Market Update Week 26-Contracts accepted this week

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

Aurora-50                                 Batavia-18

Bolingbrook-22                         Geneva-14

Naperville-62                            Oswego-16

Plainfield-31                             St Charles-30

Yorkville-15

No short sales were accepted by seller’s this week.  Most homes have appreciated in this market enough that they would not have to sell short.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 7 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month                New     Closed     Contracts accepted

January              543        649               829

February            561        604               778

March                993     1099             1455

April                1006       926             1387

May                 1088    1228             1289

June                1450     1686             1671

Totals              5641      6192             7409

2020

January           1105       566                858

February         1267       529              1024

March             1186       707              1079

April                 648        786                775

May                1352     1010              1444

June               1232        908              1534

Totals             6790      4506              6714

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

Totals            8523       4825             6580

Even in a tighter market with less new listings than the previous 2 years 2021 closed on more homes.  We are at the halfway mark for the year.  Prices are up.  We are still seeing multiple offers.  It continues to be a seller’s market.

Contact us

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

Request a home valuation if you are thinking about selling this year.  Give us a little information about your home and what has been updated recently.  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 this year?  You will need to get pre approved with a loan officer.  You will need to provide them with all your financial information.  Today you can’t just call them and get prequalified you need to go through the process of getting pre approved.  You will be up against multiple offers so you need to take this next step before even looking for homes.  They are going fast.  You need to be ready to look as soon as they hit the market and be ready to write an offer.

Resources:

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

2021 real estate market update week 26.  Happy 4th of July!  Have a great week.

2021 market update week 26-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AWHD

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 24

2021 Real Estate market update week 24 Cover

2021 real estate market update week 24.  New listings of single family homes increased slightly.  315 this week compared to 297 the week before.  Any increase is welcome!  It continues to be a sellers market.

Closed listings of single family homes increased.  337 this week compared to 317 the week before.  They should increase as we head into the end of the month when most buyers want to close.

I just realized today’s download separated Aurora/Eola and St Charles/Campton Hills.  Normally they are combined.

2021 Real Estate Market Update Week 24

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

Aurora-New 39 $90,000-$650,000

            Closed-50 $55,000-$643,500

Batavia-New 11 $165,000-$725,000

             Closed-6 $210,000-$820,000

Bolingbrook-New 25 $148,000-$525,000

                    Closed-18 $210,995-$788,000

Geneva-New 17 $330,000-$2,688,000

      Closed-21 $230,000-$949,000

Montgomery-New 5 $194,500-$305,300

                     Closed-13 $130,000-$369,900

Naperville-New 61 $279,900-$2,125,000

                 Closed-69 $245,000-$1,355,000

Oswego-New 12 $225,000-$499,900

               Closed-19 $255,000-$507,500

St Charles-New 30 $179,000-$1,275,000

                  Closed-20 $200,000-$1,039,000

West Chicago-New 12 $199,000-$890,000

                        Closed-9 $210,000-$405,108

Yorkville-New 16 $201,900-$750,000

               Closed-17 $165,000-$799,000

The median price this week on single family homes is $374,450 last week it was $375,000

The median closed price this week on single family homes is $361,000 last week it was $375,000.

2021 Real Estate Market Update Week 24-Stats 061921

Contracts accepted this week

Contracts accepted this week on single family homes were down slightly.  332 this week compared to 345 the week before.  That is not cause for alarm.  Buyers are still out there looking and trying to find a home.

2021 Real Estate Market Update Week 24-Contracts accepted this week

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

Aurora-50                             Bolingbrook-28

Geneva-15                           Montgomery-10

Naperville-55                       Oswego-16

Plainfield-36                         St Charles-29

West Chicago-13                 Yorkville-10

No short sales were accepted by sellers on single family homes this week.  Prices of homes has gone up so a lot of people that would have to sell short are not having to do that now.  If you are behind on paying your mortgage contact us to see where you are at.  You might be able to sell for more than you owe.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  12 with a kick-out clause of 72 hours, 6 with 48 hours and 5 with 24 hours.

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

2021 real estate market by the month

Month                     New     Closed     Contracts accepted

January                    543           649                829

February                  561           604                778

March                      993          1099              1455

April                       1006            926              1387

May                       1088          1228              1289

June                        926            975                991

Totals                    5117          5481              6729

We still have another week and half to go until the end of the month.  It looks like June is on tract to be just a good as May for closed homes.  Closed homes is the most important column to watch.  They are actual numbers.

Check back with us every Saturday to see how the month is going.  The last week of each month we will compare to 2020 and 2019 so you can see how the year is going so far.

Contact us

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

Thinking about selling this year? It is still a sellers market.  Request a home valuation and we will let you know what it is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell so you will have an idea of where you are at.  This will be updated when an offer comes in and we know all the terms.

Are you wanting to buy a home this year.  You need patience and perseverance.  There is a shortage of homes for sale so you most likely will be up against other buyers trying to get the same home.  Get a loan officer that will do a pre-approval not just prequalify.  Get your tax returns ready and all financial information together to submit to them.

Resources:

If you need recommendations for real estate attorneys, home inspectors and loan officers let us know.  We will provide a few for you to contact so you can decide who you want to work with.

2021 real estate market update week 24.  Have a great week!

2021 market update week 24-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designate 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 22

2021 Real Estate market update week 22 Cover

2021 real estate market update week 22.  New listings of single family homes were up.  314 this week compared to 291 the week before.  We will take any increase no matter how small.

Closed listings of single family homes were down.  321 this week compared to 385 the week before.  This is the difference between the end of the month and the beginning.  Most buyers want to close at the end of the month to bring less money to closing.

2021 Real Estate Market Update Week 22

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

Aurora-New 41 $105,000-$689,900

            Closed-39 $127,000-$511,983

Bolingbrook-New 23 $235,000-$797,777

                     Closed-10 $295,000-$435,000

Geneva-New 15 $265,000-$748,995

              Closed-14 $237,500-$750,000

Montgomery-New 5 $240,000-$329,900

                     Closed-12 $165,000-$320,000

Naperville-New 66 $324,900-$1,795,000

                 Closed-76 $260,000-$1,419,900

Oswego-New 19 $229,500-$599,000

               Closed-22 $257,000-$740,000

Plainfield-New 51 $219,900-$849,000

                Closed-53 $180,000-$540,000

St Charles/Campton HIlls-

                New 26 $189,000-$1,895,000

                Closed-25 $255,000-$900,000

Wet Chicago-New 7 $220,000-$649,900

                      Closed-11 $180,000-$770,000

Median listing price this week is $375,000, and last week it was $355,000.

Median closed price this week is $390,000, and last week it was $355,000

2021 Real Estate Market Update Week 22-Stats 060521

Contracts accepted this week

Contracts accepted this week are down.  314 this week compared to 337 the week before.  They are not down by too much to be concerned about any changes.2021 Real Estate Market Update Week 22-Contracts accepted this week

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

Aurora-53                                   Batavia-11

Bolingbrook-21                          Geneva-19

Montgomery-12                         Naperville-53

North Aurora-12                         Plainfield-42

St Charles/Campton Hills-15     West Chicago-15

1 short sales was accepted by a seller this week.  It was in Elburn.  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, and also 3 with 48 hours.

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

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                   1006            926                 1387

May                   1088          1228                 1289

June                    314            321                   314

Totals                 4505         4827                  6052

Closed is the column to always pay the most attention too.  These are actual numbers. Some homes can go back on the market and then get another contract.

May looks to be the best month so far for closings.  It makes sense that March was the best month for contracts accepted.  You can see the difference though in how many of those closed.

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.

What are you waiting for?  Let’s get your home on the market!  Request a home valuation so we can show you what is is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with.  This will be updated once 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 this year you need to find a loan officer that will get you pre approved, not just prequalified.  YOu need to provide them with your tax returns and all financial information.  Today the market is too competitive.  You have to take the extra step and get pre approved subject to finding the home.

Resources:

It is wonderful to be a seller right now.  Frustrating to be a buyer.

We an make recommendations for real estate attorney, home inspector and loan officers.  You can choose who you want to work with.

Let us know what questions you have.

All data came from MRED LLC.

2021 real estate market update week 22.  Have a great week!

2021 market update week 22-Kristine HEiman, Designated Managing BrokerKristine 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 20

2021 Real Estate market update week 20 Cover

2021 real estate market update week 20.  New listings of single family homes are down.  267 this week compared to 294 the week before.  This is making it even harder for buyers.  Right now they are competing with multiple offer situations.  This increases their competition.

Closed listings of single family homes are up.  299 this week compared to 266 the week before.  We are getting closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 20

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

Aurora-New 34 $109,000-$739,900

            Closed-37 $131,500-$593,000

Batavia-New 8 $346,000-$519,000

             Closed-12 $146,000-$650,000

Bolingbrook-New 12 $209,900-$545,000

                     Closed-17 $185,000-$502,350

Geneva-New 14 $239,500-$749,000

              Closed-13 $240,000-$907,000

Montgomery-New 10 $169,900-$329,000

                      Closed-7 $199,000-$325,000

Naperville-New 63 $324,900-$1,350,000

                 Closed-58 $300,000-$1,450,000

Oswego-New 7 $310,000-$500,000

               Closed-20 $215,000-$500,000

Plainfield-New 31 $234,000-$758,400

                Closed-36 $250,000-$610,000

St Charles/Campton Hills-

                New 28 $189,900-$1,995,000       

                Closed-32 $180,000-$1,075,000

West Chicago-New 8 $250,000-$699,999

                        Closed-11 $190,000-$515,000

Yorkville-New 8 $257,500-$1,150,000

               Closed-14 $205,000-$685,000

Median list price this week $369,054 compared to last week $375,000

Median closed price this week $358,000 compared to last week $360,000

2021 Real Estate Market Update Week 20-Stats 052221

Contracts accepted this week

Contracts accepted this week were up.  322 this week compared to 290 the week before.  Right now it almost makes you feel like you won the lottery when you get your offer accepted with all the competition that is out there.

2021 Real Estate Market Update Week 20-Contracts accepted this week

Look at the communities that sellers accepted the most contracts:

Aurora-59                                  Bolingbrook-23

Geneva-17                                Montgomery-11

Naperville-52                             Oswego-17

Plainfield-33                              Plano-12

St Charles/ Campton Hills-20   Sycamore-10

West Chicago-14

1 short sale was accepted this week on a single family home.  It was in Naperville.  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.  6 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

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

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                       1006            926               1387

May                         797            843                 952

Totals                    3900           4121              5401

Closed is actual numbers.  New and contracts accepted can not be relied on.  Some new listings can be listed as new again.  Contracts accepted, if they do not make it past the home inspection and attorney review, can go back on the market and get another contract.

So far March has been the best month this year for closed homes.

Check back with us every Saturday for the market update.  Next week we will compare to 2020 and 2019.  We do that at the end of every month so you can see how this year is going.

Contact us

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

This is the best time to sell if you are thinking about it anytime in the near future.  Prices are increasing with the continued low inventory of homes for sale. 

Request a home valuation to see what your home is worth in today’s market. I think you will be be very pleasantly surprised.  Tell us about your home and what you have updated recently.  We will provide you with a net proceeds that shows you the expenses to sell.  It will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home this year? Plan way in advance.  You are up against a lot of competition.  You might need to put offers on a few homes before you get your offer accepted   You need to work with a lender that will pre approve you subject to finding the home.  It will take more than just a phone call.  You will need to submit all your financial information so make sure you have all that together. 

Resources:

We can make recommendations for loan officers, real estate attorneys and home inspectors  that you can choose from if you don’t know someone already.

2021 real estate market update week 20.  Have a great week!

2021 market update week 20-Kristine HEiman, Designated Managing BrokerKristine Heiman-Designate 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 18

2021 Real Estate market update week 18 Cover

2021 real estate market update week 18.  New listings of single family homes were down this week.  236 this week compared to 273 the week before.  We are not heading in the right direction.  Prices will continue to rise until we get enough listings to satisfy the buyers that are out there looking.

Closed listings of single family homes are about the same this week.  278 this week compared to 280 the week before.  That is pretty consistent, and it shows that buyers are still out there willing to write offers even with the increase in prices.

2021 Real Estate Market Update Week 18

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

Aurora-New 37 $99,900-$899,900

            Closed-36 $85,000-$534,500

Bolingbrook-New 19 $175,000-$469,000

                    Closed-17 $33,000-$415,000

Geneva-New 8 $225,000-$559,900

              Closed-17 $242,000-$870,000

Montgomery-New 2 $205,000-$315,000

                     Closed-11 $207,000-$358,000

Naperville-New 48 $289,000-$3,600,000

                 Closed-58 $326,000-$2,250,000

Oswego-New 9 $185,000-$399,000

              Closed-13 $155,000-$558,942

Plainfield-New 29 $249,900-$750,000

                Closed-31 $203,000-$540,000

St Charles/ Campton Hills-

                New-20 $250,000-$1,200,000

                Closed-20 $191,900-$1,600,000

Sycamore-New 11 $149,900-$450,000

                  Closed-9 $253,000-$502,000

Median list price this week is $350,000.  Last week it was $365,000

Median Closed price this week is $360,000.  Last week it was $360,450.

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

Contracts accepted this week on single family homes were up.  340 this week compared to 328 the week before.  It is a great time to sell!

2021 Rela Estate Market Update Week 18-Contracts accepted this week

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home.  It was in Sycamore.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 with 24 hours.

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

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                          1006            926                1387

May                             236            278                 340

Totals                        3339           3556              4789

The closed column is the most important one.  This is actual numbers.  The new and contracts accepted could be counted more than once if a home is relisted as new, or has a contract accepted, and then it does not make it through the home inspection and attorney review period.  It could get relisted again, and then another contract accepted.

Check back with us every Saturday for the real estate market update.  At the end of each month we will take a look back at 2020 and 2019 so you an compare to see how this year is going.

Contact us

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

It is a great time sell!  Prices are increasing.  Request a home valuation and give us some information about your home, and what has been recently updated.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in, and we know all the terms so you can make a good decision.

Are you thinking about buying this year?  You need to talk to a loan officer and submit all your financial information so they can get you pre-approved.  You need to take this extra step and get pre-approved with the market right now.   Homes are selling very fast  with multiple offers.  You need to be ready to go look as soon as a home hits the market, or it will be gone.  The loan officer will give you a letter showing what you qualify for, and what type of loan.  This will go with an offer when you find a home.

Resources:

One of the IDHA programs might help payoff student debt, and another one if you stay there at least 5 years you might not have to pay it back.  It is worth your time to check them out.

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

All data information used is from our multiple listing service MRED, LLC.

2021 real estate market update week 18.  Have a great week!

2021 market update week 18Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101