Market Update Fox Valley-April 14 2018


Market Update Fox Valley-April 14 2018
Market update Fox Valley-April 14 2018.  New listings were down this week.  388 this week compared to 450 last week.  It has been a varied weather week with snow on Monday and then 70’s on Wednesday.  We are supposed to have snow again this Monday.  Are you waiting for the nice weather?  Buyers are not waiting.  They are actively looking for homes so there is no reason to wait.

Homes that closed this week were up.  218 this week compared to 176 last week.  That is unusual for the beginning of the month.  Usually it is lower and then starts building in numbers heading into the end of the month.

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

Aurora-New 48 $100,000-$625,000              Closed-32 $73,900-$589,900                  Active-230 $59,000-$1,450,000 with 5 Auctions

Batavia-New 11 $255,000-$814,900             Closed-10 $215,000-$618,600               Active-85 $179,000-$3,995,000 with 1 Auction

Bolingbrook-New 25 $115,000-$424,900     Closed-11 $160,000-$385,000               Active-107 $115,000-$625,000 with 2 Auctions

Elburn-New 11 $239,900-$677,700               Closed-4 $295,000-$470,000                  Active-73 $179,900-$1,675,000

Geneva-New 22 $199,900-$575,000             Closed-7 $249,000-$452,000                  Active-145 $199,900-$1,750,000

Montgomery-New 10 $164,900-$293,000   Closed-12 $165,000-$277,400                Active-51 $149,900-$325,000

Naperville-New 83 $259,000-$2,100,000     Closed-39 $242,000-$940,000                Active– 575 $219,900-$7,425,000 with 2 Auctions

Oswego-New 8 $135,000-$429,900              Closed-15 $186,000-$353,000                Active-102 $119,900-$1,595,000

Plainfield-New 46 $149,499-$895,000          Closed-28 $162,000-$445,000                Active-280 $149,499-$1,195,000 with 2 Auctions

St Charles/-New 44 $222,900-$1,375,000    Closed-13 $185,000-$929,900                Active-382 $155,000-$3,950,000

Campton Hills

West Chicago-New 13 $179,900-$448,900  Closed-3 $169,550-$215,000                   Active-83 $128,501-$949,900 with 1 Auction

Yorkville/-New 10 $175,000-$425,000          Closed-8 $153,000-$505,295                   Active-109 $175,000-$975,000 with 1 Auction

Bristol

Ask us about private listings.  Some properties do not want to be listed publicly and others they have them in the private listing while they are getting them ready for market.  Some we can show and they have a price listed and then others have no price and can not be shown before listing date.  They are just letting you know that the listing is coming soon.

Contracts accepted this week

Market Update Fox Valley-April 14 2018-Contracts AcceptedContracts accepted this week from sellers were up this week.  321 this week compared to 279 last week.  We need new listings to replace these that are now off the market.  Buyers are actively looking for homes.  Now is the time if you are thinking about selling this year.

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

Aurora-54                                          Batavia-12

Bolingbrook-24                                Geneva-18

Naperville-75                                    Oswego-18

Plainfield-38                                     St Charles/Campton Hills-21

Sugar Grove-10

Short Sales this week were exactly the same as last week with 6 contracts accepted by sellers.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with the contingency of the buyers home closing.  Buyers have already accepted a contract on their home but need to close before purchasing.  7 with a 72 hour kick-out clause, 17 with 48 hours and 4 with 24 hours.

Contracts were also accepted by sellers with a contingency on the buyers home selling and closing.  Buyers current home might or might not already be on the market.  They have not accepted a contract on their home.  They need to sell their current home and close before purchasing.  2 with a 72 hour kick-out clause and 6 with 48 hours.

Resources

If you are thinking about selling your home you will need a market analysis to let you know the value in the current market.  Pricing your home right from the beginning is very important.  If you overprice your home it will sit and will not sell.  Testing the market is not wise.  Buyers are pretty savvy.  They are looking for the best value and are looking and comparing.

Thinking about purchasing?  You will first need to contact a loan officer and get pre-approved.  They will provide you with a letter showing what you qualify for.  That will need to go with an offer when you find a home.  You can find out about the different types of loans and the process so when you contact a loan officer you know what questions to ask.

Check out down payment assistance to see if you qualify. Once you know what you qualify for talk to your lender.  Sometimes they also offer help.

Take a look at interest rates.  Your credit score will determine what interest rate you get.  Your loan officer can help you work on your score if there are things you can do to bring it up.

Look at school ratings.  Whether you have kids or not buying in a good school district will help you with value when you go to sell your home.

Contact us

Give us a call 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. We make it our business to find the perfect fit for your needs.

Market update Fox Valley-April 14 2018.  Have a great week!

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- April 7 2018Market Update Fox Valley-April 7 2018

Market Update Fox Valley-April 7 2018.  Wow!  New listings of single family homes almost doubled this week in the Fox Valley area.  450 new listings this week compared to 227 last week.  Come on buyers now is the time for choices before they are gone!

Closings this week didn’t drop off that much for the 1st week in April.  176 closings this week in the Fox Valley area compared to 221 last week.  If 2018 is the year that you would like to sell this is the best time of the year right now to sell.

Take a look at the 13 communities that had the most activity this week:

Aurora-New 49 $155,000-$949,900             Closed-17 $158,000-$434,000              Active-223 $59,000-$1,450,000 with 3 Auctions

Batavia-New 10 $199,900-$595,000            Closed-9 $223,900-$465,000                Active-83 $195,000-$3,995,000 with 1 Auction

Bolingbrook-New 30 $125,000-$625,000    Closed-14 $190,000-$458,000              Active-104 $125,000-$649,000 with 3 Auctions

Geneva-New 25 $198,000-$1,450,000         Closed-2 $223,500-$462,160                Active-139 $224,500-$1,750,000

Montgomery-New 12 $130,000-$299,900  Closed-5 $157,000-$251,500                 Active-46 $130,000-$325,900

Naperville-New 111 $229,900-$1,449,000  Closed-40 $252,000-$1,565,000            Active-581 $219,900-$7,425,000

North Aurora-New 10 $263,317-$600,000  Closed-7 $220,000-$325,500                 Active-54 $169,500-$600,000

Oswego-New 13 $179,900-$589,000           Closed-12 $219,000-$680,000               Active-108 $119,900-$1,595,000

Plainfield-New 55 $189,000-$790,000         Closed-16 $208,500-$425,000               Active-272 $159,900-$1,195,000 with 1 Auction

St Charles/-New 43 $189,900-$1,695,000  Closed-14 $222,000-$755,000                Active-360 $155,000-$3,950,000

Campton Hills

West Chicago-New 10 $324,900-$599,900 Closed-6 $228,000-$475,000                  Active-77 $128,501-$949,900 with 1 Auction

Winfield-New 10 $227,000-$795,000           Closed-2 $288,000-$505,000                  Active-48 $227,000-$1,400,000

Yorkville/-New 17 $189,900-$418,500        Closed-6 $199,000-$399,000                   Active-110 $179,500-$975,000

Bristol

Market Update Fox Valley- April 7 2018-Contracts AcceptedContract Accepted This Week

Contracts accepted by sellers this week were down slightly this week.  279 this week compared to 321 last week.  It was a holiday week that had slower activity with new listings so that is not too bad.

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

Aurora 47                                            Batavia-12

Bolingbrook-30                                  Geneva-10

Montgomery-13                                 Naperville-49

Oswego-10                                         Plainfield-38

St Charles/Campton Hills-19

Short sale contracts that sellers accepted this week were about the same.  6 this week compared to 7 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 are contingent on the close of the buyers current home.  Buyers have accepted a contract on their current home but need to close to purchase.  10 with a kick-out clause of 72 hours, 13 with 48 hours and 6 with 24 hours.

Contracts were also accepted this week that are contingent on the sale and closing of the buyers current home.  Buyers current home might or might now already be on the market.  They still need to sell and accept a contract on their home and close before they can purchase. 1 with a kick-out clause of 72 hours, 2 with 48 hours and 4 with 24 hours.

Resources

If you are thinking about selling your home the first-step is to have a market analysis to see what the value is in the current market.  Tell you what you need to do to get your home market ready.  We can explain the costs of selling your home and an estimate of what you will receive at closing.  We will update this when a contract comes in and we know all the terms of the contract.

If you are thinking about purchasing a home or town home your first-step is to get pre-approved with a loan officer to see what you qualify for and see if you need to work on your credit score so you get the best interest rate.  We will need the letter the loan officer gives you to go with an offer when you find the home you like.  It can be no more than 30 days old.

You might want to get familiar with the different types of loans and the process before you begin.

Take a look at current interest rates

School ratings are important whether you have kids or not.  Always be thinking about resale. 

Look at Down Payment Resource to see if you qualify for any assistance.  It might save you money so you can do some things to your home once you move in like paint or make some improvements.

Call us with any questions you have or to get started.  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.  We make it our business to find the perfect fit for your needs.  Have a great week!  Market update Fox Valley-April 7 2018.

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Find your home today!

630-503-6555

besthomesfv@gmail.com

1444 N Farnsworth Ave Suite 104 

Aurora, IL 60505

Market Update Fox Valley-March 31 2018

Market Update Fox Valley-March 31 2018

Market update Fox Valley-March 31, 2018. New listings were down this week.  227 this week compared to 324 last week. It is a holiday week.  We should get back to normal next week. April should be a good month for new listings.

Closed listings were up this week.  221 this week compared to 182 last week.  It is the last week of the month so that is to be expected.

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

Aurora-New 25 $104,900-$485,000                  Closed-23 $110,000-$430,000                Active-208 $59,000-$1,450,000 with 3 Auctions

Batavia-New-11 $160,000-$750,000                Closed-11 $204,000-$540,000                 Active-83 $160,000-$3,995,000 with 2 Auctions

Bolingbrook-New-13 $184,900-$439,900        Closed-17 $135,000-$356,500                 Active-98 $163,000-$649,000 with 3 Auctions

Minooka-New-15 $228,990-$298,235              Closed-3 $217,000-$245,000                   Active-38 $175,000-$675,000

Naperville-New-38 $229,900-$1,119,000         Closed-35 $244,000-$1,775,000             Active-522 $216,000-$7,425,000

Oswego-New-12 $223,500-$349,990               Closed-10 $165,900-$350,000                Active-108 $119,900-$1,595,000

Plainfield-New-31 $179,900-$595,000             Closed-33 $169,000-$574,000                Active-250 $159,900-$1,195,000

St Charles/-New-17 $155,000-$940,000         Closed-18 $169,000-$785,000                 Active-348 $109,900-$3,950,000

Campton Hills

Yorkville/-New-4 $235,000-$418,500              Closed-12 $128,000-$475,000                  Active-99 $179,500-$975,000

Market Update Fox Valley-March 31 2018-Contracts Accepted

Contracts Accepted this Week

Contracts accepted this week were up.  321 this week compared to 301 last week.  Inventory going into next week is down with more contacts accepted this week and New listings down.  Buyers have less to choose from.  If you have been waiting to put your home on the market April is the month you want to have it on the market.

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

Aurora-45                                Batavia-17

Bolingbrook-28                      Geneva-12

Montgomery-14                    Naperville-65

Oswego-20                            Plainfield-42

Sandwich-10                         St Charles/ Campton Hills-22

Sycamore-12

Short sales were consistent this week.  7 this week compared to 6 last week. Now they will be submitted to the lender to see if they will also accept the contract as written.

Sellers accepted contracts this week that are contingent on the buyers home closing.  Buyers have accepted a contract on their current home but need to close before purchasing.  10 with a 72 hour kick-out clause, 12 with 48 hours and 6 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyers current home selling and closing.  Buyers current home might or might not already be on the market.  They have not accepted a contract.  It needs to sell and close before purchasing.  2 with a 72 hour kick-out clause, 11 with 48 hours and 1 with 24 hours.

Contact us

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.  Call us to do a market analysis on your home so you know what the value is in the current market.  We will provide you with a net proceeds so you know the costs of selling your home.

If you are thinking about purchasing, your first step is to call your loan officer to see what you qualify for.  We will need the letter they provide to go with an offer when you find a home.  It needs to be no more than 30 days old.

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. We will answer any questions that you have.

Resources

Find out about loans and the process.  Take a look at current interest rates.  See if you qualify for any down payment assistance.  You might also want to take a look at school ratings.

Market update Fox Valley-March 31 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

besthomesfv@gmail.com

630-503-6555

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505