10 12 19-Market Update Fox Valley

Posted on October 12, 2019 by Kristine Heiman, Designated Managing Broker

10 12 19-Market Update Fox Valley

10 12 19-market update Fox Valley. New listings of single family homes was down this week. 275 this week compared to 291 the week before. Season is changing and so is the market. Things are still happening but at a little slower pace. This might work out well for buyers that had a hard time competing with other buyers for a home. Sellers need to make sure you are pricing your home right from the beginning.

Closed single family homes were also down this week. 165 this week compared to 235 the week before. It is the beginning of the month and most buyers want to close at the end of the month.

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

Aurora-New 43 $125,000-$375,000

Closed 21 $123,000-$549,000

Bolingbrook-New 16 $135,000-$334,900

Closed 14 $155,000-$470,000

Montgomery-New 10 $189,900-$399,500

Closed 9 $169,900-$307,999

Naperville-New 45 $269,750-$1,250,000

Closed 26 $260,000-$800,000

Oswego-New 14 $239,900-$650,000

Closed 7 $149,000-$500,000

Plainfield-New 36 $169,900-$525,000

Closed 18 $220,000-$393,060

St Charles/Campton Hills-

New 26 $85,000-$1,700,000

Closed 10 $189,000-$525,000

Sugar Grove-New 11 $225,000-$339,900

Closed 3 $210,000-$335,000

Yorkville-New 13 $220,000-$565,000

Closed 4 $165,000-$325,000

Contracts accepted this week

Contracts accepted this week on single family homes was pretty consistent. 192 this week compared to 195 the week before. Buyers are still out there looking and ready to go.

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

Aurora-31 Bolingbrook-19

Naperville-26 Oswego-10

Plainfield-27 St Charles/Campton Hills-19

4 short sales were accepted by sellers this week. 1 each in Aurora, Naperville, Plainfield and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 9 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, 3 with 48 hours and 2 with 24 hours.

Market update Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 407 608

February-1,032 465 832

March-1,731 915 1,375

April-1,594 790 1,307

May-2,004 1,391 1,665

June-1,643 1,253 1,218

July-1,423 1,029 1,090

August-1,585 1,403 1,211

September-1,164 765 869

October-566 400 387

Contact us

Call us at 630-503-6555. Our goal is your goal. Let us know what your goal is and we will do everything we can to meet your goal. If we think is not attainable we will let you know why and if it is possible with some changes.

We are here to explain the process of buying or selling a home and guide you through the process.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that is an estimate of expenses to sell.

Wanting to buy a home? Your first step is to talk to a loan officer to see what type of loan and what price range will work out for you. Then we can get started looking. Let us know your time frame.

Check out some resources:

Also talk to your loan officer to see if they offer lender credits.

10 12 19-market update Fox Valley. Have a great week! Let us know how we can help you.

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Also another way to search for a home. I would be happy to help you with this one. I can share my page with you and show you how this one works. It also has a chat feature.

10 05 2019-Market Update

Posted on October 5, 2019 by Kristine Heiman, Designated Managing Broker

10 05 2019-Market Update

10 05 2019-Market update. New listings of single family homes here in the Fox Valley went up this week. 291 this week compared to 259 the week before. Great news for buyers that have not found the right home yet or have lost out to multiple offers.

Closed listings of single family homes were also up this week. 235 this week compared to 204 the week before. Some of those might of been on Monday the last day of September.

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

Aurora-New 43 $93,600-$559,000

Closed-20 $91,650-$525,000

Batavia-New 10 $182,500-$525,000

Closed-7 $191,000-$415,000

Bolingbrook-New 14 $149,900-$359,000

Closed-18 $140,000-$439,000

Geneva-New 11 $325,000-$500,000

Closed-8 $280,000-$579,000

Montgomery-New 15 $134,900-$317,900

Closed-13 $98,000-$250,000

Naperville-New 65 $249,900-$1,999,999

Closed-36 $175,000-$1,155,000

Oswego-New 14 $206,800-$799,000

Closed-11 $153,000-$418,000

Plainfield-New 36 $210,000-$550,000

Closed-38 $149,500-$900,000

St Charles/Campton Hills-New 23 $199,900-$2,195,000

Closed-27 $153,000-$968,000

10 05 2019-Market Update Contracts accepted this week

Contracts accepted this week on single family homes were slightly down this week. Not too bad. Only down by 9 listings.

Look at the communities that sellers accepted the most contracts:

Aurora-19 Bolingbrook-21 Geneva-11

Naperville-30 Plainfield-10 St Charles/Campton Hills-19

Yorkville-10

There were no short sales contracts accepted this week. The week before there were 3. Great news!

Contracts were accepted this week that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

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

Market activity so far for 2019 in the Fox Valley by the month

New listings Closed listings Contracts accepted

January-878 January-407 January-608

February-1,032 February-465 February-832

March-1,731 March-915 March-1,375

April-1,594 April-790 April-1,307

May-2,004 May-1,391 May-1,665

June-1,643 June-1,253 June-1,218

July-1,423 July-1.029 July-1,090

August-1.585 August-1,403 August-1,211

September-1,164 September-765 September-869

October so far-291 October so far-235 October so far-195

Total-13,345 8,653 10,370

I changed it up this week so you could see the difference side-by-side. Some of those new listings have not sold or canceled and decided not to sell.

Not every listing that receives a contract closes. There are many reasons why they do not close. There could be an issue with the buyer that does not get approved for the loan for some reason. Home inspection or attorney review had issues that they could not agree on resolving. Buyer or seller change their mind about going through with the deal. All very good reasons why you need a good REALTOR® and good real estate Attorney to get you through all the issues that can come up.

It makes sense that May was the biggest month for new listings and contracts accepted and it also makes sense that August was the biggest month for closings. Everything still revolves around the school year. There is still activity though.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. We will do everything we can to meet your goal. If it is not reasonable we will let you know.

Let us update the value of your home in today’s market. We will provide you with an estimate of expenses to sell your home so you will know where you are at.

If you want to buy a home your first step is to talk to a loan officer to see if you need to work on your credit score to get ready to buy or what price range and loan type will work for you.

Check out some resources:

Let us know how we can help you.

10 05 2019-market update. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

630-503-6555

Another way to search for a home that you can sign up for free! I can do a video call and share my screen to show you how it works and all that you can do with it. I think you will really like this!

Fox Valley Market Update September 28 2019

Posted on September 28, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 28 2019

Fox Valley market update September 28 2019. New listings of single family homes were down this week. 259 this week compared to 282 the week before. The market is still good for buyers looking $200,000 and above. Under that amount it is hard to find and you need to jump on them right away. If your home is in that price range and you are thinking about selling now is the time.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2.004
June-1,643
July-1,423
August-1,585
September-1,164

Total 13,054

Closed listings of single family homes were slightly up this week. 204 compared to 193 the week before. Not the numbers we were seeing from May – August but still not bad.

Look at the closings of single family home by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-765

Total-8,418

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

Aurora-New 34 $124,900-$430,000

Closed-$89,917-$459,900

Batavia-New 10 $209,900-$599,995

Closed-4 $211,450-$415,000

Bolingbrook-New 19 $147,900-$374,900

Closed-12 $189,000-$372,500

Geneva-New 17 $235,000-$625,000

Closed-6 $324,900-$420,000

Naperville-New 49 $294,999-$1,750,000

Closed-35 $200,000-$1,130,000

Oswego-New 8 $189,900-$330,000

Closed-16 $170,000-$575,000

Plainfield-New 37 $139,888-$1,175,000

Closed-27 $145,000-$1,772,000

St Charles/Campton Hills-New 20 $214,900-$1,500,000

Closed-16 $141,850-$620,000

Yorkville-New 11 $239,000-$420,000

Closed-8 $150,089-$540,000

These communities continue to be on the list for new listings and closed listings of single family homes Is it the schools, location or what the community offers? It might be a combination of all three.

Contracts accepted this week

Contracts accepted this week were slightly down this week on single family homes. 204 this week compared to 229 the week before. That is not too bad. I would say that is pretty consistent.

Communities this week with the most activity:

Aurora-35 Bolingbrook-27 Naperville-23

Oswego-12 Plainfield-27 St Charles/Campton Hills-11

Look at the contracts accepted for 2019 by the months:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-869

Total-10,175

There is a difference on contracts accepted and closed listings. Not all contracts that get accepted close. I thought you would be interested to see those numbers. Is it the loan officers not pre-qualifying the buyers well enough? Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it. Some things can be resolved and others take more time. Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on. There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller. Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. Once you let us know what you goal is we will do everything we can to help you reach it whether buying or selling a home.

Let us update the value on your home in today’s market. We will provide you with a net proceeds so you can see an estimate of expenses to sell your home so you will know about where you are at.

If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified. They will let you know what type of loan and the price range that will out best for you.

Check out some resources:

We are here to guide you through the process. We will keep in contact the way you want to connect.

Fox Valley market update September 28 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for a home that you can sign up for free! Click on the satellite view. It also has a chat feature that you can connect with me to ask questions. Let us know what you think!

Fox Valley Market Update September 14 2019

Posted on September 14, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 14 2019

Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September so far-623

Total-12,513

Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-368

Total-8,021

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

Aurora-New 46 $115,000-$699,000

Closed-30 $37,500-$645,000

Bolingbrook-New 20 $174,900-$754,766

Closed-12 $152,700-$430,000

Elburn-New 10 $229,000-$549,900

Closed-1 $320,000

Naperville-New 61 $299,000-$1,599,000

Closed-28 $245,000-$1,150,000

Oswego-New 16 $179,900-$1,000,000

Closed-7 $215,000-$340,000

Plainfield-New 33 $149,888-$624,000

Closed-29 $170,000-$538,200

St Charles/Campton Hills-New 19 $199,900-$1,260,000

Closed-9 $290,000-$880,000

Sugar Grove-New 11 $214,900-$849,900

Closed-5 $210,000-$445,000

West Chicago-New 12 $228,000-$574,999

Closed-6 $222,500-$385,000

Yorkville-New 10 $164,900-$475,000

Closed-3 $134,500-238,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.

Contracts accepted 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September so far-436

Total-9,742

Look at the communities that had the most sellers accept contracts this week:

Aurora-36 Bolingbrook-21 Naperville-31

Plainfield-29 St Charles/ Campton Hills-11

Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.

There were no short sale contracts accepted this week.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

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

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.

Check out some resources:

Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.

Fox Valley market update September 14 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out another way to search that also has a chat feature. Sign up for free!

Fox Valley Market Update September 7 2019

Posted on September 7, 2019September 7, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 7 2019

Fox Valley market update September 7 2019. New listings this week were slightly up. 313 new listings of single family homes this week compared to 290 the week before. Now that we are past the holiday and school starting we can get back to normal.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,585
September-313

Total-12,203

Closed listings of single family homes were down this week. 180 this week compared to 292 the week before. With the holiday, a short week and the beginning of the month this is to be expected. It should go up from here.

Closed listings for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-180

Total-7,833

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

Aurora-New 40 $115,000-$500,000

Closed-34 $80,000-$510,000

Batavia-New 14 $209,900-$525,000

Closed-8 $255,500-$586,987

Bolingbrook-New 22 $179,900-$500,000

Closed-16 $134,100-$369,000

Geneva-New 23 $149,000-$1,249,000

Closed-9 $241,000-$924,000

Naperville-New 62 $305,000-$4,000,000

Closed-23 $305,000-$1,295,000

Oswego-New 24 $229,900-$475,000

Closed-10 $129,000-$304,295

Plainfield-New 40 $169,900-$549,900

Closed-18 $150,000-$515,000

St Charles/Campton Hills-New 18 $163,500-$1,199,999

Closed-14 $100,000-$617,500

West Chicago-New 12 $179,900-$499,900

Closed-3 $285,000-$335.000

Yorkville-New 13 $180,000-$469,500

Closed-6 $250,000-$452,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly down this week. 211 this week compared to 227 the week before. This should go up next week since we are now past the holiday and a short week. Keep in mind that not all contracts accepted close. They need to get past home inspection, attorney review and the loan approval. So things can happen during that process.

Contracts accepted for 2019 by the month of single family homes:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-211

Total-9,517

Now take a look at the communities this week that sellers accepted the most contracts on single family homes:

Aurora-33 Bolingbrook-13 Naperville-34

Oswego-10 Plainfield-28 St Charles/Campton Hills-16

Short sales still remain low this week. 1 this week compared to 3 the week before. The 1 was in Bolingbrook this week.

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

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 1 with 48 hours.

Contact us

Call us with your real estate questions at 630-503-6555. Our goal is your goal. Whether you are buying, selling or both we will work hard to meet your goals. We will let you know what you need to do to get your home ready for market. Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.

If you are thinking about buying you need to talk to a loan officer first to get pre-qualified so you know what type of loan will work for you and the price range. What type of loan you choose will determine the condition the home must be in. If you find a home that needs repairs and the seller is not willing to do them and you have the money you can set up an escrow account if it is under $5,000 for repairs. If it is over that amount you will need to get pre-qualified for a loan that will allow you to make the repairs. This is a different kind of approval. Separate from the normal approval. We can talk to you more about this or your loan officer can explain it to you.

It is still a great time to sell or buy so get in touch with us so we can get you started.

Check out some resources:

Fox Valley market update September 7 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search with a chat feature. Sign up for free and let us know what you think. It has google maps so you can click on the satellite view so you can see the yard and house around it..

Fox Valley Market Update August 31 2019

Posted on August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 31 2019

Fox Valley market update August 31 2019. New listings of single family homes were consistent this week. 290 this week compared to 292 the week before. We love consistency! That is even with a holiday coming up. Usually the week leading up to a holiday is a little slower than normal.

2019 so far by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,583

Total-11,890 May was the month with the most new listings of single family homes so far.

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

Aurora-New 35$129,900-$565,000

Closed-37 $89,900-$425,000

Batavia-New 9 $172,500-$550,000

Closed-10 $247,500-$673,299

Bolingbrook-New 19 $176,900-$484,256

Closed-23 $125,501-$390,000

Geneva-New 12 $330,000-$2,800,000

Closed-10 $295,000-$533,000

Montgomery-New 18 $148,899-$297,990

Closed-10 $100,000-$308,000

Naperville-New 54 $278,500-$1,499,000

Closed-57 $225,000-$2,350,000

Oswego-New 19 $149,900-$724,000

Closed-15 $168,000-$380,000

Plainfield-New 41 $185,000-$575,000

Closed-29 $157,374-$406,000

St Charles/Campton Hills-New 25 $234,500-$1,995,000

Closed-25 $165,000-$1,262,500

West Chicago-New 4 $265,000-$430,000

Closed-12 $146,500-$347,000

Yorkville-New 12 $154,900-$439,934

Closed-14 $150,000-$470,946

Closed listings of single family homes were slightly higher this week. 292 this week compared to 221 the week before. This was not a typical month. Usually the end of the month you see the most closings. The first week there were 341 closings but most of them were the end of July closings in the first part of that week and ending on August 3rd. The 3rd week ending on August 17th was the next highest with 255. They were trying to close before the first day of school starting.

Closings by the month in 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403

Total-7,653 August was slightly higher than May so far this year. The school year calendar was the driver for this years activity.

Contracts accepted this week

Contracts accepted this week on single family homes was slightly lower this week. 227 this week compared to 234 the week before. Not too bad for the hustle of the kids getting back to school and Labor Day coming up.

Contracts accepted so far by the month for 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211

Total-9,306 May so far is the busiest month for contracts accepted by sellers.

You are probably wondering why I am keeping track of when contracts get accepted but I do think it is important. When you look back at the month with the most listings you see that it makes sense. March was the next highest month for new listings and it is also the next highest month for contracts accepted. Buyers had more choice.

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

Aurora-43 Batavia-11 Bolingbrook-15

Montgomery-11 Naperville-32 Plainfield-34

St Charles/Campton Hills-19

Short sales accepted this week still remain low. 3 this week compared to 1 the week before. 1 each in Naperville, St Charles/Campton Hills and Yorkville.

Sellers accepted contracts this week that are contingent on buyer closing on their current home. 3 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 with your real estate questions. Our goal is your goal. We will work hard to meet your goals whether buying or selling a home. We will guide you through the process and make recommendations for real estate attorneys, loan officers and home inspectors.

Provide you with a net proceeds that shows you the expenses to sell a home so you can make a good decision if it is the right time for you. Let you know what you need to do to get your home market ready. If you do not want to make the updates we can price it accordingly.

Resources to check out:

Fox Valley market update August 31 2019. Have a great week and a fantastic Labor Day weekend!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for a home that you might like. It also has a chat feature.

Fox Valley Market Update August 24 2019

Posted on August 24, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 24 2019

Fox Valley market update August 24 2019. New listings of single family homes were slightly down this week. 292 this week compared to 315 the week before. Not too bad with school starting. So many people are out buying school clothes and supplies to get ready to start school.

2019 new single family home listings by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August so far-1,295

Total-11,600

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

Aurora-New 43 $118,000-$975,000

Closed-35 $137,000-$513,500

Batavia-New 17 $189,900-$614,500

Closed-5 $210,000-$525,000

Bolingbrook-New 17 $169,900-$565,000

Closed-19 $104,8500$380,000

Geneva-New 19 $229,000-$1,695,000

Closed-6 $219,900-$485,000

Montgomery-New 10 $175,000-$270,000

Closed-8 $181,000-$287,000

Naperville- New 63 $299,700-$7,250,000

Closed-31 $230,000-$1,180,000

Oswego-New 9 $179,900-$385,790

Closed-10 $169,000-$462,850

Plainfield-New 29 $154,900-$778,000

Closed-34 $180,000-$551,351

St Charles/Campton Hills-New 22 $260,000-$829,000

Closed-21 $150,000-$622,500

West Chicago-New 10 $259,900-$675,000

Closed-4 $176,000-$337,000′

Yorkville-New 11 $199,900-$374,900

Closed-5 $249,900-#55,000

Closed homes this week were also down. 221 this week compared to 255 the week before. Next week is the last week of the moth so we should see an increase. Especially because next weekend is Labor Day so people will have a long weekend to move in and get settled.

Closed homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-1,111

Total-7,361

May continues to be the best month so far for new listings and closed homes.

Contracts accepted this week

Contracts accepted on single family homes this week were slightly up this week. 234 this week compared to 212 the week before. When something special comes on the market no matter how busy you are you need to jump on it. Homes that have been on the market either need to be made special or drop the price to get a buyer interested.

Contracts accepted on single family homes in 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1665
June-1,218
July-1,090
August so far-984

Total-9,079

Not every home that received an accepted contract closes. Sometimes things come up during attorney review or the home inspection that buyer and seller do not mutually agree upon. Sometimes the buyer’s loan does not get approved either because something comes up on their credit that can’t be resolved or the appraisal does not appraise for the agreed upon price. Buyer’s sometimes lose their job during the process Many things can happen during the process. Keeping on top of things is very important.

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

Aurora-37 Bolingbrook-15 Geneva-10

Naperville-42 Oswego-1- Plainfield-25

St Charles/Campton Hills-16

Short Sales accepted this week were still low. Only 1 this week compared to 2 the week before. This is great! Bolingbrook was the only community this week with an accepted contract.

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

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 4 with a kick-out clause of 72 hours and 6 with 48 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are keeping an eye on the market. Our goal is your goal. We are here to listen to your wants and needs. We will do everything we can to accomplish your goals. Whether buying or selling a home.

Check out some resources:

Let us know what other information you are looking for and we will point you to it.

Fox Valley market update August 24 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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Fox Valley Market Update August 10 2019

Posted on August 10, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 10 2019

Fox Valley market update August 10 2019. New listings were up this week! 360 new single family homes this week compared to 328 the week before. Good news for buyers that are still trying to find something.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2004
June-1,643
July-1,423
August so far-688

Total-10,993

Closed listings of single family homes was down this week. 221 this week compared to 341 the week before. This is really the first full week of August so it is expected that closings would be down. They will increase as we get closer to the end of the month.

Closings of single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-562

Total-6,812

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

Aurora-New 47 $100,000-$525,000

Closed-20 $85,000-$1,075,000

Batavia-New 13 $219,900-$695,995

Closed-8 $246,000-$645,569

Bolingbrook-New 30 $172,000-$569,900

Closed-14 $146,500-$422,500

Geneva-New 24 $279,900-$2,695,000

Closed-14 $95,000-$675,000

Montgomery-New 24 $104,000-$320,490

Closed-5 $139,900-$259,900

Naperville-New 63 $228,000-$1,600,000

Closed-39 $285,000-$859,900

Oswego-New 19 $154,000-$515,000

Closed-13 $204,999-$390,000

Plainfield-New 37 $150,000-$509,000

Closed-36 $170,000-$485,000

St Charles/Campton Hills-New 27$199,900-$895,000

Closed-19 $180,000-$880,000

Yorkville-New 10 $159,900-$559,999

Closed-8 $235,000-$335,000

Contracts accepted this week

Contracts accepted this week were down slightly. 249 this week compared to 274 the week before. That is not too bad. Especially with school starting soon and people still gone on vacation.

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-523

Total-8,618

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

Aurora-39 Bolingbrook-23 Montgomery-10

Naperville-45 Oswego-16 Plainfield-22

St Charles/Campton Hills-21

Short sales accepted by sellers on single family homes were up this week. 7 this week compared to 3 the week before. This week there were 1 each in Aurora, Minooka, Montgomery, Plano & Yorkville. 2 were in Bolingbrook. Now they will be submitted to the lender to see if they will also accept them as written.

Sellers accepted contracts that are contingent on the buyer closing their current home before purchasing. 5 with a kick-out clause of 72 hours, 12 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 before purchasing. 1 with a kick out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether buying or selling a home.

If you are thinking about selling we can let you know what you need to do to get your home market ready. Provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home? Your first step is to get pre-qualified with a loan officer so you know the type of loan and price range that will work out best for you. If you need recommendations of a loan officer to call we can recommend a few and you decide who you want to work with.

Check out these resources that might help you:

Some communities are more active then others. It is your preference if you want a community that is very active or one that is slower moving. Are you planning on long term or short term. Your price range and size of home might determine where you want to move. Tell us what is most important to you and we will work hard to find the best place for you to call home.

Fox Valley market update August 10 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

A different way to search that also has a chat feature. Try it out and let us know what you think!

Fox Valley Market Update July 20 2019

Posted on July 20, 2019July 20, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 20 2019

Fox Valley market update July 2019. New listings of single family homes were slightly down this week. 383 this week compared to 407 the week before. Less than a percent nothing to worry about.

2019 new listings by the month:

January-878
February-1,032
March-1,731′
April-1,594
May-2,004
June-1,643
July so far-1,077

9,959 Total

Closed listings were also slightly down. 253 this week compared to 266 the week before. They should increase as we get closer to the end of the month.

Look at the closings so far by the month for 2019:

January- 407
February-465
March-915
April-790
May- 1,391
June-1,253
July so far-776

5,997 Total

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

Aurora-New 39 $129,900-$499,900 Closed-31 $76,000-$384,500

Batavia-New 10 $194,000-$905,000 Closed-3 $263,000-$438,000

Bolingbrook-New 32 $174,900-$749,000 Closed-16 $167,000-$400,000

Geneva-New 15 $245,000-$614,900 Closed-18 $220,000-$799,000

Montgomery-New 13 $174,999-$331,620 Closed-11 $161,000-$288,000

Naperville-New 81 $229,000-$1,299,990 Closed-45 $168,000-$2,050,000

North Aurora-New 10 $182,500-$438,900 Closed-2 $322,500-$396,400

Oswego-New 22 $189,900-$698,000 Closed-11 $202,500-$837,500

Plainfield-New 51 $129,900-$710,000 Closed-30 $147,500-$457,500

St Charles/Campton Hills-New 20 $234,900-$875,000 Closed-23 $190,000-$768,894

Sycamore-New 12 $152,000-$1,200,000 Closed-5 $110,000-$295,000

West Chicago New 12 $109,990-$499,900 Closed-7 $207,000-$440,000

Yorkville-New 19 $174,900-$529,700 Closed-14 $183,000-$570,000

Contracts accepted this week

Contracts accepted this week were slightly up. 284 this week compared to 252 the week before. When a home is in good condition and priced right it will sell. Last week we had an increase in new listings of single family homes so you see the increase in contracts accepted. Not everyone is willing to fix up a home after they move in. So many people today are too busy so they want to move in and start living without having to hire someone to come in and update.

Contracts accepted in 2019 so far by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July so far 831

7,836 Total

Not all homes that receive a contract end up closing. Some find out during the home inspection that there are issues that the buyer and seller were not able to negotiate something that they can agree to. Some do not end up getting approved for a loan. There might be something that comes up on their credit that can’t be resolved soon enough. These 2 things are the most important reasons why you need a good loan officer to work with and a good REALTOR to work through these issues along with a good real estate attorney. Do not cut corners with such a big investment.

Here are the communities this week that sellers accepted the most contracts:

Aurora-52 Batavia-10 Bolingbrook-23

Geneva-11 Naperville-39 Oswego-10

Plainfield-46 St Charles/Campton Hills-23 Yorkville-10

Short sales accepted by seller’s were half of what they were the week before. 2 this week compared to 4 the week before. 1 each in Aurora and Geneva. Now they will get submitted to the lender to see if they will also accept.

Sellers’ accepted contracts this week that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 11 with 48 hours and 2 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 2 with a kick-out clause of 72 hours and 6 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.

Check out these resources:

Let us know what questions you have. We will guide you through the process.

Fox Valley market update July 20 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out this new way of searching for a home. It will ask you to sign up. It is free!

Fox Valley Market Update July 13 2019

Posted on July 13, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 13 2019

Fox Valley market update July 13 2019. Thing are picking back up again since the holiday. 407 new listings of single family homes this week compared to 287 the week before. What a difference a week makes! July is usually a slow month with everyone going on vacation. It is a good time to go on vacation right after you list your home. Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone. Wouldn’t that be nice!

2019 listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-694 so far

9,576 Total

Closed homes this week were slightly up. 266 this week compared to 236 the week before. They should increase and we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-523 so far

5,744 Total

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

Aurora-New 47 $88,000-$599,900 Closed-40 $76,000-$461,500

Batavia-New 10 $239,000-$799,900 Closed-8 $214,000-$365,000

Bolingbrook-New 23 $139,900-$669,900 Closed-31 $160,000-$434,500

Geneva-New 13 $275,000-$574,900 Closed-8 $385,000-$702,000

Naperville-New 98 $299,900-$2,499,000 Closed-48 $273,000-$1,295,000

Oswego-New 20 $229,900-$450,000 Closed-25 $150,000-$837,500

Plainfield-New 46 $165,000-$1,200,000 Closed-22 $216,000-$475,000

St Charles/Campton Hills-New 35 $159,000-$849,900 Closed-21 $199,500-$768,000

Sugar Grove-New 11 $242,500-$435,000 Closed-5 $275,000-$355,000

Sycamore-New 14 $109,900-$459,000 Closed-4 $115,000-$292,400

West Chicago-New 10 $240,000-$589,900 Closed-8 $204,900-$557,000

Yorkville-New 17 $215,000-$549,900 Closed-7 $225,000-$390,000

Contracts accepted this week

Contracts accepted this week were down. 252 this week compared to 295 the week before. This should pick up with all the new listings that came on the market this week.

Look at the contracts accepted for 2019 by the month so far:

January-608
February-832
March-1,375
April-1,307
May-1,665
July-547 so far

7,552 Total

Take a look at the communities seller’s accepted the most contracts this week:

Aurora-40 Bolingbrook-25 Montgomery-10

Napervilee-33 Oswego-15 Plainfield-27

St Charles/Campton Hills-22 Yorkville-10

Short sales were slightly up this week. 4 this week compared to 2 the week before. This continues to be good news! This week there were 2 in Aurora and 1 each in Naperville and Winfield.

Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

Seller’s also accepted contracts that are contingent on the buyer’s selling and closing on their current home before purchasing. 1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact us

Call us with 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. We are keeping an eye on the market. Our goal is to negotiate price and terms that are best whether buying or selling a home.

We will tell you what you need to do to get your home market ready. Explain the process. Provide you with a net proceeds that shows you the expenses to sell.

If you are thinking about purchasing you will need to get pre-qualified with a loan officer. It matters who you use. If you need recommendations of loan officers we will recommend a few so you can decide who to use. We will guide you through the process.

Resources to check out:

Fox Valley market update July 13, 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out a different way to search for a home. Sign up for free! It has a chat feature that you can reach us to let us know you want to see something or have a question. If you click on the satellite view you can see how a home sits on the property. Does it have a back yard. Is it on a corner lot. What else is for sale in the neighborhood and the prices. How far away is shopping and entertainment. Let us know what you think!