Market update Fox Valley March 28 2020

Market update Fox Valley March 28 2020
Single Family Homes

Market update Fox Valley March 28 2020.  New listings were down slightly over 25% this week.  192 this week compared to 257 the week before.  All non-essential businesses are shut down right now.  We are essential.  Some people do not realize this and others want to wait until this virus passes.

Closed listings were up just over 7% this week. 204 this week compared to 190 the week before.  This is the end of the month.  This months closings were higher than February by about 25 %.  We will keep an eye on things for the next few months to see how it goes.  Check back with us each Saturday.

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

Aurora-New 20 $109,900-$650,000

            Closed-26 $107,900-$465,000

Bolingbrook-New 12 $124,900-$388,247

                    Closed-19 $165,000-$374,000

Geneva-New 12 $289,900-$1,599,000

             Closed-6 $267,000-$504,000

Naperville-New 46 $284,900-$850,000

                 Closed-34 $236,000-$1,180,000

Oswego-New 11 $175,000-$339,000

             Closed-11 $200,000-$521,300

Plainfield-New 24 $150,000-$586,8000

                Closed-30 $200,000-$469,225

St Charles/Campton Hills-

               New 15 $199,900-$1,150,000

              Closed-12 $248,000-$649,500

Yorkville-New 8 $110,000-$550,000

              Closed-10 $209,977-$452,000

Contracts accepted this week

Market update Fox Valley March 28 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were down just over 37% this week.  179 accepted this week compared to 286 the week before.  This week was a week of adjustment to what is going on with the virus and how to show homes.  

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

Aurora-24                                   Bolingbrook-14

Naperville-22                              Plainfield-30

St Charles/Campton Hills-18      Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  17 with a kick-out clause of 72 hours,6 with 48 hours and 3 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, 4 with 48 hours and 2 with 24 hours.

2020 by the month

Month                             New   Closed   Contracts accepted

January                        1,105     566             858

February                      1,267     529          1,024

March                         1,186      707          1,079

Now take a look at the previous 2 years to compare

2019

Month                             New   Closed   Contracts accepted

January                           878      407            568

February                      1,032      463            832

March                          1,731      915        1,375

2018

Month                            New   Closed   Contracts accepted

January                         808       489            606

February                    1,040       444            856

March                        1,549       907         1,564

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 goals.

We are getting updated frequently from the National Association of REALTORS®,  Illinois REALTORS® and Fox Valley Association of REALTORS® on things we need to know going forward with this pandemic.  Friday morning our Association did a Zoom meeting with lenders, title company, inspector, Government affairs to update us on loans going forward.  How things are going with closings and inspections.  Lots of things are changing during this time and they will keep us updated going forward with any changes.

We are classified as essential so some real estate offices are open and some working remotely but we are still working.  I am working remotely.

Showings slowed down at first for a few days but now showings are happening again.  Showing instructions are more important right now.

Pre-approval letters are also more important right now and need to be updated more frequently with the changing market conditions.

Check out these great resources:

Let us know what questions you have and if there is something else you are looking for we will be happy to help you.  If you are looking for legal advice let us know and I would be happy to give you some names of attorneys to contact.

Market update Fox Valley March 28 2020.  Have a great week!  Stay safe and healthy.  Wash your hands.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

 

Market update Fox Valley March 21 2020

Market update Fox Valley March 21 2020
Single Family Homes

Market update Fox Valley March 21 2020.  New listings were down a little over 28% this week.  257 this week compared to 360 the week before.  Is this due to Covid-19?  We are not sure yet.  Illinois Governor just imposed “stay at home” starting today at 5 pm.  We are classified as “essential services” so we are still working.  We are asking our sellers if they still want to show their homes at this time.  Some do and some want to wait.

Closings are up almost 34% this week.  190 this week compared to 142 the week before. We are getting closer to the end of the month so that is to be expected.  Some title companies are offering curbside closings for buyers.  Others are wanting only the people that need to sign papers come to closing.  They clean everything in the room and use new pens for each closing.  Sellers a lot of times these days, go in a few days before closing and sign documents with their attorney and give them power of attorney for anything else that needs to be signed on closing day.  They have been doing this for quit some time. This is not new.  Most closings it is just the buyers there and attorneys.

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

Aurora-New 33 $85,000-$599,900

            Closed-33 $82,500-$516,900

Batavia-New 5 $265,000-$368,900

             Closed-11 $180,000-$449,900

Bolingbrook-New 19 $175,000-$708,900

                     Closed-12 $181,100-$340,000

Geneva-New 13 $289,900-$499,900

             Closed-4 $282,000-$354,000

Montgomery-New 9 $132,000-$284,900

                     Closed-17 $156,000-$365,610

Naperville-New 55 $250,000-$924,900

                 Closed-24 $242,000-$890,000

Plainfield-New 33 $207,000-$899,000

               Closed-19 $173,000-$327,000

St Charles/Campton Hills-

                New 17 $212000-$829,000

                Closed-10 $265,000-$825,000

Yorkville-New 10 $225,000-$369,900

              Closed-10 $165,000-$400,000

Contracts accepted this week

Market update Fox Valley March 21 2020-Contracts Accepted this week
Single Family Homes

Contracts accepted this week were down 17 1/2% this week.  286 this week compared to 347 the week before.  Showings started slowing down as the week went on.  We will just have to see how this next week goes.  Some sellers are still showing their homes and some are not.

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

Aurora-48                              Batavia-13

Bolingbrook-25                     Geneva-14

Naperville-45                        Oswego-18

Plainfield-26                         St Charles/Campton Hills-23

West Chicago-16

5 short sales were accepted by sellers this week.  2 in Batavia and 3 in Bolingbrook.  Now they will be 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.  13 with a kick-out clause of 72 hours, 18 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 and 7 with 48 hours.

2020 by the month

Month                           New    Closed    Contracts accepted

January                      1105       566              858

February                    1267       529            1024

March                          994       503              900

Check back next Saturday to see how this next week goes.

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.

Do you need an update of the value of your home in today’s market?  We will provide you with a net proceeds that shows the expenses to sell your home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you need to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you.

Check out some great resources:

We are in different times right now.  Whether going to look at homes or showing your home we need to keep social distancing and other preventative measures. You might want to check the CDC site for recommendations.  If you have legal questions please contact your attorney to answer your questions.  We can not give legal advice.

Market update Fox Valley March 21 2020.   Have a great week!  Wash your hands.  

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-65655 ext 101

besthomesfv@gmail.com

 

Market update Fox Valley-March 14 2020

Market update Fox Valley-March 14 2020
Single Family Homes

Market update Fox Valley-March 14 2020.  New listings of single family homes went down this week slightly over 4.5%.  360 this week compared to 377 the week before.  Not too bad.

Closings this week on single family homes also went down just under 17%.  These numbers will go up as we get closer to the end of the month.

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

Aurora-New 42 $52,900-$799,900

            Closed-24 $91,000-$410,000

Bolingbrook-New 19 $160000-$639,000

                    Closed-11 $151,500-$315,000

Geneva-New 30 $232,000-$750,000

             Closed-3 $375,000-$669,000

Montgomery-New 12 $239,900-$301,990

                     Closed-1 $137,500

Naperville-New 69 $249,000-$1,695,000

                Closed-22 $248,000-$959,000

North Aurora-New 10 $199,900-$424,988

                      Closed-2 $310,000-$358,000

Oswego-New 24 $209,500-$598,000

             Closed-7 $199,000-$414,900

Plainfield-New 45 $209,900-$975,000

                Closed-24 $161,700-$450,000

St Charles/Campton Hills-

               New-23 $189,900-$624,999

               Closed-11 $121,200-$1,035,000

West Chicago-New 11 $209,900-$550,000

                      Closed-3 $230,000-$272,000

Yorkville-New 11 $144,900-$425,000

              Closed-1 $269,000

Contracts accepted this week

Market update Fox Valley-March 14 2020-Accepted contracts this week
Single Family Homes

Contracts accepted this week on single family homes went up just under 30%.  347 this week compared to 267 the week before.  We are definitely in Spring market.

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

Aurora-52                                    Batavia-11

Bolingbrook-28                           Geneva-14

Montgomery-12                          Naperville-69

Oswego-19                                 Plainfield-40

St Charles/Campton Hills-18     West Chicago-12

4 short sales were accepted by sellers this week.  1 each in Aurora, Bolingbrook, Minooka and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the closing of the buyers current home.  14 with a kick-out clause of 72 hours, 19 with 48 hours and 1 with 24 hours.

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

This shows that sellers are confident in this market.

2020 by the month

Month                           New    Closed    Contracts accepted

January                       1105      566                858

February                     1267      529              1024

March                           737      313                614

If March continues the way it is so far, we should double February numbers.

Contact us

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

Now is a great time to sell!  Let us update the value of your home in the current market.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Talking to a loan officer to get pre-qualified is your first step.  They will let you know the type of loan and the price range that will work out best for you.  

If you need recommendations of loan officers, real estate attorneys, home inspectors we can give you names and phone numbers to contact to see who you would like to work with.

Check out some great resources:

Market update Fox Valley-March 14 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

 

Market update Fox Valley-February 15 2020

Market update Fox Valley-February 15 2020
Single Family Homes

Market update Fox Valley-February 15 2020.  New listings of single family homes was down 14.49% this week.  295 this week compared to 345 the week before.  We are definitely going in the wrong direction.  Inventory is low already.  I hope it picks up this week.

Closed listings were up 25.81% this week.  117 closed single family homes this week compared to 93 the week before.  These numbers will increase as we get closer to the end of the month when most buyers want to close.

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

Aurora-New 34 $99,000-$488,500

            Closed-17 $107,000-$332,500

Bolingbrook-New 13 $169,900-$339,900

                    Closed-11 $146,000-$429,000

Geneva-New $264,900-$819,000

             Closed-3 $256,000-$329,000

Montgomery-New 10 $199,900-$317,000

                     Closed-7 $152,201-$284,000

Naperville-New 78 $289,000-$2,149,900

                 Closed-14 $247,000-$895,000

Oswego-New 25 $239,900-$529,900

             Closed-5 $197,000-$329,900

Plainfield-New 31 $159,000-$519,900

               Closed-21 $219,900-$790,000

St Charles/Campton Hills-

               New-22 $249,900-$775,000

              Closed-12 $81,250-$2,825,000

Contracts accepted this week

Market update Fox Valley-February 15 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week are up 5.8%.  237 this week compared to 224 the week before.  Not much of an increase.  Weather might of been a factor for this week.  We did get snow and very cold temperatures.  We have been very lucky this winter.  It has been pretty mild.

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

Aurora-28                             Bolingbrook-21

Naperville-38                        Oswego-17

Plainfield-32                         St Charles/Campton Hills-21

Sycamore-11                        Yorkville-11

5 short sales were accepted by sellers this week.  2 in Oswego and 1 each in Minooka, Naperville and Plainfield.  Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers 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 3 with 24 hours.

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

2020 activity by the month

Month                         New     Closed     Contracts accepted

January                    1105        566                858

February                     640        210                445

We are half way through the month and new listings and contracts accepted are on track to pass up the totals of January.  Usually January and February are slower months but this year with the mild temperatures people are not waiting for Spring market.  They know once Spring market hits they will have more competition. Now is a great time to be a seller!

Contact us

Call us at 630-503-6555.  Your goal is our goal.  We will do everything we can to help you reach your goal whether you are a buyer/seller of both.

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of 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 need to contact a loan officer to get pre-qualified so you know the price range and type of loan that will work out best for you.  Need recommendations?  We can provide you with a few to contact so you can decide who best to work with.

Check out some great resources:

Let us know what questions you have.  We will guide you through the process every step of the way.

Market update Fox Valley-February 15 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Here is another way to search for a home.  You can change to satellite view and it also has a chat feature.

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020
Single Family Homes

Market update Fox Valley February 8 2020.  New listings of single family homes are up 40.24%.  345 new listings this week compared to 246 the week before.  If you are still waiting for Spring market you might miss it.  It has already started!  Let’s get your home on the market.

Closed listings are down 25.6% this week.  93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

            Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

             Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

                    Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

            Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

             Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

                     Closed-0

Naperville-New 87 $249,900-$2,399,000

                 Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

              Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

                Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

                 Closed-15 $169,900-$670,000

Contracts accepted this week

Market update Fox Valley February 8 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up 7.69%.  224 contracts accepted on single family homes this week compared to 208 the week before.  I am expecting this to jump up next week with all the new listings that came on the market this week.  Buyers have a good amount of new choices.

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

Aurora-35                         Batavia-10

Bolingbrook-26                 Naperville-29

Oswego-15                        Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes.  2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 8 with 48 hours and 3 with 24 hours.

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 and 4 with 48 hours.  If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month                       New      Closed      Contracts accepted

January                  1105         566               858

February                   345           93               208

Fox Valley is off to a good start so far this year.  You will have to come back and check out as the year progresses.

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.

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year?  You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you.  They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look.  We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up free for a different way to search home.  You can change to satellite view and it also has a chat feature.

            

Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020
Single family homes

Fox Valley market update 1-18-2020.  New listings increased  13.3%.  247 this week compared to 218 the week before.  That is great news for buyers that continue to search for just the right home to purchase.  Choices are good!  You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same.  108 this week and the last.  They should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 22 $109,900-$539,900

            Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

                     Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

             Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

                 Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

              Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

                Closed-13 $184,000-$405,000

St Charles/Campton Hills-

                New 22 $78,900-$1,700,000

                Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

               Closed-3 $130,000-$292,990

Contracts accepted this week

Fox Valley market update 1-18-2020-Contracts accepted this week
Single family homes

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before.  Buyers are looking for homes year round so don’t think this is not a good time to sell.  If the location, condition and price are right it will sell.  If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33                    Bolingbrook-15

Naperville-23               Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them.  These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week.  It was in Bolingbrook.  Now it will be 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. 1 with a kick-out clause of 72 hours and 6 with 48 hours.

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

2020 by the month

Month                    New       Closed       Contracts accepted

January                  603          334                 440

Not bad for only 2 1/2 weeks into the new year.  Activity happens no matter what time of year it is.  You might want to get your home on the market now so you have less competition then when Spring market hits.  If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date.  No more than 30 days old.

Contact us

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

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Are you looking to buy this year?  Make sure you contact a loan officer to get pre-approved so you are ready to go.  We will not show homes without it.  You don’t want to fall in love with a home that will not work for you.  You need to find out the price range and what type of loan that will work out best for you.  

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

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Fox Valley Market Update 1-11-2020

Fox Valley Market Update 1-11-2020
Single Family Homes

Fox Valley market update 1-11-2020 of single family homes.  Our first full week of the new year picked up activity.  218 new listings of single family homes compared to 138 the week before.  We are happy to see the increase of homes on the market. Choice is not an option in some price ranges.  We hope this year will be different and more choices will be available this year.

Closed homes was slightly down this week.  108 this week compared to 118 the week before.  This will increase as we get closer to the end of the month.

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

Aurora-New 30 $59,900-$619,000

            Closed-16 $85,000-$468,000

Bolingbrook-New 16 $175,000-$579,000

                     Closed-5 $185,000-$319,900

Geneva-New 10 $262,000-$1,199,000

             Closed-4 $235,000-$382,500

Naperville-New 34 $304,850-$3,750,000

                 Closed-15 $230,000-$1,520,000

Oswego-New 14 $184,900-$435,900

              Closed-9 $219,900-$317,000

Plainfield-New 26 $174,900-$515,900

                Closed-21 $153,000-$400,000

St Charles/Campton Hills-

                New-12 $289,500-$1,199,999

                Closed-14 $185,000-$785,000

Sugar Grove-New 11 $229,900-$1,250,000

                     Closed-3 $220,000-$290,000

Yorkville-New 10 $237,700-$499,900

              Closed-1 $293,000

Contracts accepted this week

Fox Valley Market Update 1-11-2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week increased by about 67%.  159 this week compared to 107 the week before.  Buyers are out there just waiting for the right home to come on the market.  Is it yours?  It just might be so give us a call and let’s get your home on the market.

Communities this week that sellers accepted the most contracts:

Aurora-23                Bolingbrook-14

Naperville-23           Plainfield-24

St Charles/Campton Hills-14

No short sales contracts accepted this week.  That does not mean there are no short sale properties out there.  They just have not found a buyer yet.

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

Also sellers have accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

These sellers felt confident enough in the market that these homes will close to accept their contract.

2020 by the month

Month                   New         Closed       Contracts accepted

January                 356            226                 266

Looking back at previous 2 years

January 12 2019 445           200                 243

January 13 2018 388           230                 258

This is for the 2nd week in January the previous 2 years.  Weather has not been a factor so far this year.  We have had a mild winter so far.  Last year January and February were brutal.  I can’t remember the weather for 2018 during this time.  Activity happens throughout the year.  You might want to get a jump on the Spring market so you don’t have as much competition to sell.  

Contact us

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

Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you.  Seller’s want to be confident that the people coming through their homes are qualified.

Let us update the value of your home in today’s market.  We will do a market analysis and provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Check out some great resources:

Fox Valley market update 1-11-2020.  Have an amazing week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 

besthomesfv@gmail.com

Sign up for another way to search for a home that you can change to satellite view and it also has a chat feature.

10 26 2019 Market Update Fox Valley

10 26 2019-Market Update Fox Valley

10 26 2019 market update Fox Valley.  New listings of single family homes were significantly down this week.  216 this week compared to 259 the week before.  Not helpful for buyers that are still out looking.  It is still worth taking a look to see if one of them are the kind of home you have been waiting for.

Closed single family homes were slightly up this week.  171 this week compared to 167 the week before.  They should be up next week for the end of the month.

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

Aurora-New 29 $114,900-$379,900

            Closed-22 $103,500-$635,000

Bolingbrook-New 12 $174,500-$429,900

                    Closed-12 $148,000-$370,000

Montgomery-New 12 $174,900-$299,000

                     Closed-9 $130,000-$300,000

Naperville-New 41 $219,900-$1,542,000

                 Closed-26 $260,000-$1,812,500

Oswego-New 6 $199,900-$475,000

             Closed-15 $140,000-$375,000

Plainfield-New 33 $179,000-$729,900

               Closed-26 $154,900-$560,000

St Charles/Campton Hills-

               New-12 $364,900-$600,000

              Closed-13 $192,000-$525,000

Yorkville-New 10 $139,900-$479,900

              Closed-9 $160,000-$410,000

Contracts accepted this week

10 26 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes were very consistent this week.  196 this week compared to 193 the week before.  Even though the new listings of single family homes slowed down this week, the buyers out there ready to buy stayed consistent.  They did not slow down this week.

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

Aurora-37             Bolingbrook-13

Naperville-36        Oswego-10

Plainfield-25         St Charles/Campton Hills-15

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours, 13 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, 6 with 48 hours and 1 with 24 hours.

Market update Fox Valley by the month for 2019

Month             New       Closed       Contract 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     1,041           738          776

Total        14,095        9,156    10,951

Not all homes that are listed sell.  They might need too much work and are not priced right.  Also, not all contracts that the seller accepts close.  Some of them do not get passed home inspection and attorney review period.  You need a good REALTOR® and real estate attorney that explains the process of the home inspection and expectations and can negotiate issues that come up.

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 goals.

We can update your homes value in today’s market and provide you with a net proceeds. This shows you an estimate of the expenses to sell so you have an idea of where you are at.  This will be updated when an offer comes in and we know all the terms so you can makea decision.

If you are thinking about purchasing a home you need to talk to a loan officer to get pre-qualified to see what type of loan and the price range that works out best for you.  When you are finished we can start setting up homes to go and see.

Resources to check out:

We are here to guide you through the process of buying/selling a home.  Let us know what questions you have.  We want to help you meet your goals.

10 26 2019 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Connect with us on facebook

 

10 19 2019 Market Update Fox Valley

10 19 2019 Market Update Fox Valley

10 19 2019 Market update Fox Valley.  We are having gorgeous weather right now here in Illinois.  Fox Valley market is still moving along. New listings of single family homes this week were down slightly.  259 this week compared to 275 the week before.

Closed listings of single family homes were consistent this week.  167 this week compared to 165 the week before.  Numbers should go up as we get closer to the end of the month.

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

Aurora-New 29 $69,000-$649,000

            Closed-23 $97,500-$420,000

Batavia-New 14 $228,500-899,900

             Closed-9 $135,200-$533,801

Bolingbrook-New 18 $139,900-$399,900

                     Closed-12 $140,000-$375,000

Geneva-New 16 $275,000-$848,900

             Closed-6 $212,000-$514,900

Montgomery-New 10 $155,000-$299,900

                     Closed-5 $165,000-$248,000

Naperville-New 33 $264,900-$2,250,000

                 Closed-23 $211,000-$1,265,000

Oswego-New 16 $122,000-$675,000

              Closed-7 $189,000-$468,000

Plainfield-New 35 $167,000-$925,000

               Closed-30 $170,000-$530,834

St Charles/Campton Hills-

               New-18 $214,900-$650,000

              Closed-10 $140,000-$425,000

Yorkville-New 12 $219,900-$495,000

              Closed-6 $160,000-$339,000

You should be able to click on the picture above to make it bigger so you can see how the other communities did and the price ranges.  Some communities are on this list every week.  They are more active.  This makes a difference when you are looking for a home.  You always have to think about resale.

Contracts accepted this week

10 19 2019-Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were very consistent. 193 this week compared to 192 the week before.  Buyers are still out there looking.  If you price your home according to location and condition it should sell.  If not you will need to lower price or start fixing it up.  Not everyone looking wants to take on projects.

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

Aurora-24            Bolingbrook-13

Naperville-37       Plainfield-28       

St Charles/Campton Hills-15

Short sales accepted by sellers this week were still low.  5 this week.  1 each in Batavia, Bristol, Naperville, St Charles/Campton Hills and Sugar Grove. Now they will be 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.  6 with a kick-out clause of 72 hours and 12 with 48 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  7 with a kick-out clause of 48 hours.

2019 by the month

I think it is interesting to see the totals by the month for New listings of single family homes, closed and contracts accepted so you can see how they change.

2019 by the month:

                        New         Closed         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            825          567              580

Totals          13,879       8,985         10,755

Not all homes that come on the market sell.  Some of them cancel the listing or they either need to adjust price or make some updates.  Paint does wonders!

Contracts accepted does not mean they will close.  The majority of them do but some of them might run into issues with the home inspection that they can not come to an agreement.  Sometimes when they do a more in-depth credit check things show up that can’t be resolved in time. 

Having an experienced REALTOR® and good real estate attorney makes all the difference in getting through issues that come up.

Contact us

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

Check our some resources:

Also check with your loan officer to see if they offer any help.  Sometimes they can combine help or offer better help with closing costs.

10 19 2019 market update Fox Valley.  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

Another way to search for a home.  You can sign up for free and it also has a chat feature.  Let us know what you think.

10 12 19-Market Update Fox Valley

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

10 12 19-Market Update Fox Valley-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.