Market update Fox Valley week 42

Market update Fox Valley week 42Market update Fox Valley week 42.  New listings of single family homes were down slightly over 17%.  212 this week compared to 256 the week before.  Multiple offers and back-up offer situations will continue as long as the inventory continues to remain extremely low.  Prices are edging higher with some of them that are priced too high having a hard time once the appraiser comes through and gives their report.  It is hard for sellers to understand you have to prove your price with comparable homes sold in your area.  Unless it is a cash sale, the buyer would need to bring in the difference between appraised price and the sale price if you can’t negotiate down to the contract price.

Closed single family homes were up 8%.  283 this week compared to 262 the week before.  These numbers should continue to go up as we head 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 26 $75,000-$674,900

            Closed-35 $130,000-$735,000

Bolingbrook-New 16 $175,000-$560,000

                     Closed-18 $136,500-$415,761

Geneva-New 14 $239,900-$700,000

             Closed-18 $266,900-$777,777(lucky number?)

Naperville-New 36 $264,900-$1,495,000

                 Closed-54 $272,000-$1,265,000

Oswego-New 10 $265,000-$467,500

              Closed-11 $177,500-$490,000

Plainfield-New 23 $244,900-$624,400

                Closed-30 $165,000-$460,000

St Charles/Campton Hills-

                New 24 $204,900-$1,749,900

                Closed-23 $155,000-$900,000

West Chicago-New 4 $249,900-$419,000

                       Closed-11 $230,000-$532,500

Contracts accepted this week

Market update Fox Valley week 42-Contracts accepted this weekContracts accepted this week on single family homes were up just slightly under 3%.  297 this week compared to 289 the week before.  The market in Fox Valley is staying consistent even through a pandemic.

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

Aurora-44                            Bolingbrook-19

Geneva-10                           Minooka-10

Naperville-46                       Oswego-23

Plainfield-28                        St Charles/Campton Hills-31

Yorkvlle-20

Only 1 short sales was accepted this week by a seller.  It was in Yorkville.  Now it will be submitted to the lender to see if they will also accept.

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

2020 market by the month

Month                         New     Closed     Contracts accepted

January                     1105        566              858

February                   1267        529            1024

March                       1186        707            1079

April                            648        786              775

May                           1352     1010            1444

June                           1232       908            1534

July                            1417     1453            1852

August                       1037      1335            1436

September                 1176      1503            1503

October                       468         545              586 

Totals                      10888       9342         12091

Closings are the column to keep an eye on.  These are actual numbers.  So far September is the best month this year.  New listings can be canceled or expire and relisted so these are not actual numbers.  The same with contracts accepted.  Not all contracts that are accepted end up closing.  Some do not make it past the home inspection and attorney review.  Some do not make it after the appraisal comes in.  They go back on the market and are counted again when they receive another contract.

Check back with us every Saturday for the market update Fox Valley.  At the end of the month we will compare this year with 2019 and 2018 so you can see how things have changed.

Contact us

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

If you are thinking about selling your home let us update the value of your home by request a home valuation.  We will provide you with a net proceeds that shows you an estimate of expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  The first thing you need to do is get all your financial information together in a folder and contact a loan officer so they can pre-qualify you.  They will give you a letter stating what you qualify for and what type of loan will work out best for you.  This will be submitted with an offer once you find a home so you can show the seller that you qualify for their home.

Check out some great resources:

Your interest rate will be determined on your credit score.  If you need to work on bringing up your score the loan officer will guide you in what helps the most to bring your score up.

Market update Fox Valley week 42.  Have a great week!

Market update Fox Valley week 42Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 41

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

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

Market update Fox Valley week 41

 

 

 

 

 

 

 

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

                New 21 $179,500-$869,900

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

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

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

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

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

Contracts accepted this week

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

Market update Fox Valley week 41-Contracts accepted this week

 

 

 

 

 

 

 

 

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

Aurora-44                                  Batavia-13

Bolingbrook-13                         Geneva-18

Montgomery-10                        Naperville-55

Oswego-17                               Plainfield-35

St Charles/Campton Hills-14   Yorkville-12

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

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

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 6 with 48 hours.

2020 by the month

Month                         New     Closed     Contracts accepted

January                     1105        566              858

February                   1267        529            1024

March                       1186        707            1079

April                            648        786              775

May                           1352     1010            1444

June                           1232       908            1534

July                            1417     1453            1852

August                       1037     1335            1436

September                 1176     1503            1503

October                        256       262              289

Totals                       10676     9059         11794

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

Contact us

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

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

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

Take a look at some great resources:

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

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

Market update Fox Valley week 41Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 39

Market update Fox Valley week 39Market update Fox Valley week 39.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 New listings on single family homes were exactly the same..  228 this week compared to 228 the week before.  We need a bigger variety of price ranges and more homes for sale. Severe inventory shortage of single family homes available continues.

Closed listings of single family homes were down 11.78%.  262 this week compared to 297 the week before.  They usually go up as we head closer to the end of the month.

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

Aurora-New 24 $135,000-$635,000

            Closed-25 $75,000-$600,000

Batavia-New 7 $179,900-$399,500

             Closed-11 $190,002-$615,000

Bolingbrook-New 13 $199,900-$949,000

                     Closed-16 $161,500-$502,501

Geneva-New 10 $229,000-$649,000

             Closed-11 $228,000-$453,000

Naperville-New 50 $250,000-$1,940,000

                 Closed-51 $257,000-$1,350,000

Oswego-New 9 $264,900-$599,900

              Closed-12 $204,000-$463,00

Plainfield-New 28 $218,000-$569,000

                Closed-26 $212,500-$500,000

St Charles/Campton Hills-

                 New 22 $219,900-$1,450,000

                 Closed-27 $235,000-$1,077,500

West Chicago-New 9 $169,900-$669,000

                       Closed-13 $160,000-$485,000

Yorkville-New 9 $221,990-$304,490

              Closed-10 $71,000-$489,000

Contracts accepted this week

Market update Fox Valley week 39-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week on single family homes were almost the same.  304 this week compared to 307 the week before.  That is consistency.  This is a great time to sell!  The buyers are still looking.

Look at the communities that sellers accepted the most contracts:

Aurora-44                              Batavia-10

Bolingbrook-22                     Geneva-13

Naperville-53                        Oswego-23

Plainfield-31                         St Charles/Campton Hills-25

Only 1 short sales was accepted by a seller this week.  It was in Aurora.  Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours, 15 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

2020 by the month

Month                 New     Closed     Contracts accepted

January             1105       566                858

February           1267       529              1024

March               1186       707              1079

April                    648       786                775

May                  1352     1010              1444

June                  1232       908              1534

July                   1417     1453              1852

August              1037      1335              1436

September          923       1132              1211

Totals             10167       8426            11213

Closed listings is the most important totals to look at.  July is still the best month for 2020.  New listings does not show the true picture.  Some of these were relisted as new even if they were not.  Contracts accepted is also not a true picture as you can see with the closed totals.  Some of these contracts get accepted and do not make it past the home inspection and attorney review.  They can come back up as contract accepted again at a later time.

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.

Thinking about selling before the end of the year?  Now is the best time!  When the holidays come around the market usually slows down but 2020 is not a typical year.  Let us update the value of your home.  You can request it here.  We will provide you with a net proceeds that gives you an estimate of expenses to sell so you have an idea of what you will have to work with.  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 looking to buy a home the first thing that you need to do is call a loan officer to get pre-qualified.  They will provide you with a letter that shows what you qualify for and what type of loan works out best for you.  This will get submitted with an offer when you find a home.  You will need to make sure to update this if it is older than 30 days.

Check out some great resources:

Let us know if there is any other information we can direct you too.

Market update Fox Valley week 39.  Have a great week!

Market update Fox Valley week 39Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 38

Market update Fox Valley week 38                                                                                                                                                                                                                                         Market update Fox Valley week 38.  New listings of single family homes were up 7.55%.  228 this week compared to 212 the week before.  Slight increase we are thankful for but it is still not enough.  Extremely low inventory continues.

Closings were also up by 37.5%.  297 this week compared to 216 the week before.  They should increase as we head to the end of the month.

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

Aurora-New 31 $139,900-$1,699,000

            Closed-30 $85,000-$780,000

Batavia-New 8 $202,500-$525,000

             Closed-11 $264,900-$1,010,000

Bolingbrook-New 14 $164,900-$419,999

                     Closed-19 $112,000-$479,500

Geneva-New 11 $274,900-$654,900

             Closed-10 $299,900-$662,500

Montgomery-New 8 $170,00-$399,000

                      Closed-13 $145,000-$267,000

Naperville-New 40 $249,000-$2,250,000

                 Closed-65 $275,000-$1,405,000

Oswego-New 19 $205,000-$1,500,000

              Closed-15 $230,000-$545,000

Plainfield-New 15 $204,900-$504,900

                Closed-41 $215,000-$482,670

St Charles/Campton Hills-

                New 18 $300,000-$2,495,000

                Closed-27 $250,000-$1,127,000

West Chicago-New 10 $234,900-$649,900

                       Closed-10 $130,000-$398,700

Contracts accepted this week

Market update Fox Valley week 38-Contracts accepted this week

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts accepted this week on single family homes were up 15.41%.  307 this week compared to 266 the week before.  34.65% more single family homes taken off the market with contracts than new listings coming on the market.  It is time for you to get your home on the market if you want to sell this year.

Look at the communities that sellers accepted the most contracts:

Aurora-44                              Batavia-10

Bolingbrook-13                     Geneva-17

Naperville-47                        Oswego-18

Plainfield-46                         St Charles/Campton Hills-22

Yorkville-16

Sellers accepted contracts that are contingent on the buyer closing on their current home.  9 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

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

These sellers still feel confident in the market that these buyers will get through their contingencies and close.

2020 by the month

Month                      New      Closed       Contracts accepted

January                 1105         566                  858

February               1267         529                1024

March                   1186         707                1079

April                        648         786                  775

May                      1352       1010                1444

June                      1232         908                1534

July                       1417       1453                1852 

August                  1037       1335                 1436

September              695          870                   907

Totals                    9939       8164              10909

Closed is the most important column to look at.  This is what actually happened.  New listings can be relisted so they might be counted twice.  The same for contracts accepted.  Some of them do not make it past the home inspection and attorney review.  They go back on the market and then get another contract.  They might also be counted twice.  Sometimes even more.

July is the best month so far.  This is not typical.  July is usually a slow month when most people are on vacation.  The pandemic stalled the market in April and then started back up strong in May.  So many people I have talked to that have not been paying attention to what is going on in the real estate market are surprised to hear how well the market is doing during this time.

Contact us

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

It is not too late to get your home on the market.  You can still get moved before the holidays. Request a home valuation so you know the value of your home in today’s market.  I think you will be happily surprised.  We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with.  This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you need to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you.  They will provide you with a letter that will go with an offer when you find a home.  You need to get this updated if it is older than 30 days.

Check out some great resources:

Market update Fox Valley week 38.  Have a great week!

Market update Fox Valley week 38 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

 

Market update Fox Valley week 36

Market update Fox Valley week 36         Market update Fox Valley week 36.  New listings of single family homes are up this week.  255 this week compared to 241 the week before.  Great news!  Any increase is very welcome.

Closed listings of single family homes were also up this week.  357 this week compared to 325 the week before.  Some of these were on the 31st of August and we are including them in this first week of September.  Most buyers do not want to close in the beginning of the month because they need to bring a whole month of interest along with other closing costs to the closing.  Some of these closings are getting pushed to the next week because of the loan not processing in time.  There is a lot of activity along with a lot of homeowners refinancing because the rates are so fantastic right now.

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

Aurora-New 24 $115,000-$465,000

            Closed-46 $105,000-$480,000

Batavia-New 12 $210,000-$609,900

             Closed-9 $212,000-$638,449

Bolingbrook-New 14 $174,900-$475,000

                     Closed-23 $185,000-$410,000

Geneva-New 11 $250,000-$675,000

             Closed-16 $238,000-$1,350,000

Montgomery-New 3 $225,000-$239,000

                      Closed-15 $177,000-$325,000

Naperville-New 55 $270,000-$1,975,000

                 Closed-60 $270,000-$1,000,000

North Aurora-New 4 $194,000-$369,000

                       Closed-12 $236,000-$445,500

Oswego-New 11 $215,000-$345,900

              Closed-13 $185,000-$380,000

Plainfield-New 32 $230,000-$648,731

                Closed-40 $150,000-$581,000

St Charles/Campton Hills-

                New 23 $185,000-$1,250,000

                Closed-36 $142,500-$1,057,000

Sycamore-New 5 $119,000-$535,000

                 Closed-10 $95,707-$485,000

West Chicago-New 5 $197,000-$278,000

                       Closed-18 $135,000-$535,000

Yorkville-New 14 $89,900-$465,000

              Closed-9 $150,000-$365,000

Are you looking for a community that consistently has high turnover or maybe a smaller community that there is rarely a home available.

Contracts accepted this week

Market update Fox Valley week 36-Contracts accepted this week

 

 

 

 

 

 

 

 

Contracts accepted this week were slightly lower.  334 this week compared to 345 the week before.  There were more contracts accepted this week than new listings.  We continue to have low inventory.  This is a fantastic time to sell with little competition.

Look at the communities that sellers accepted the most contracts:

Aurora-50                             Bolingbrook-25

Geneva-16                            Montgomery-10

Naperville-53                        Oswego-20

Plainfield-47                         St Charles/Campton Hills-22

Sycamore-14                        Yorkville-10

4 short sales were accepted this week by sellers.  1 each in Naperville, Plano, West Chicago & Yorkville.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  10 with a kick-out of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  8 with a kick-out of 72 hours and 5 with 48 hours.

2020 by the month

Month                     New     Closed     Contracts accepted

January                 1105       566              858

February                1267      529            1024

March                    1186      707            1079

April                         648      786              775

May                       1352    1010           1444

June                      1232       908           1534

July                       1417    1453            1852

August                  1037     1335            1436

September              255        357              334

Totals                   9499      7651         10336

July is the best month so far this year.  You need to mainly focus on the Closed column.  New listings can be misleading.  Sometimes the same listing comes up as new after a period of time if it does not sell right away.  Contracts accepted do not always close.  Sometimes they do not make it past the home inspection and attorney review period so they might go back on the market and then get another contract.  We can check on that for you.

Contact us

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

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

Are you thinking about buying a home?  You will need to talk to a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you.  Seller’s want to know that we are showing their home to someone that qualifies for their home.

Check out some great resources:

Whether you want to buy your first home, down size or buy something larger to accommodate your needs we will guide you through the process.  If you need recommendations for loan officers, real estate attorneys or home inspector we will give you a few names and phone numbers to contact to see who you would like to work with.

Market update Fox Valley week 36.  Have a great week!

Market update Fox Valley week 36Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101 

 

Market update Fox Valley week 35

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

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

Contract accepted this week

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

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

Aurora- 50                                    Batavia-13

Bolingbrook-21                             Geneva-15

Montgomery-19                            Naperville-52

Oswego-25                                    Plainfield-31

St Charles/Campton Hills-27         Yorkville-23

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  16 with a kick-out clause of 72 hours, 23 with 48 hours and 4 with 24 hours.

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

2020 by the month and compared to 2019 and 2018

Month                       New     Closed     Contract accepted

January                  1105        566               858

February                1267        529             1024

March                   1186         707             1079

April                       648          786               775

May                      1352       1010             1444

June                     1232          908             1534

July                      1417        1453             1852

August                 1037        1335             1424

Totals                   9244        7294           10002

2019

January                  878          407                568

February              1032          463                832

March                  1731          915             1375

April                    1594          792             1307

May                     1645          995             1280

June                     1643       1253             1218

July                      1423       1008             1090

August                 1585        1330             1196   

Totals                 11531        7163             8866

2018

January                 808           489                606

February             1040           444                856

March                 1549           907              1564

April                   1515           836              1278

May                    1569         1066              1344

June                    1828         1720              1474

July                    1318           994               1061

August               1294         1032                  989

Totals               10921         7488               9172

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

Contact us

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

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

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

Check out some great resources:

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

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

Market update Fox Valley week 35Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

Market update Fox Valley week 34

Market update Fox Valley week 34 Market update Fox Valley week 34.  New listings were slightly lower this week.  253 new single family homes this week compared to 264 the week before.  See if any of the communities above have new listings that are in your price range.  Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.

Closed listings this week were also slightly lower than the week before.  332 this week compared to 340 the week before.  Usually they 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 28 $129,900-$650,000

            Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

             Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

                     Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

             Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

                      Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

                 Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

              Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

                Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

                New 27 $150,000-$1,325,000

                Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

                 Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

              Closed-10 $239,900-$450,000

Contracts accepted this week

Market update Fox Valley week 34-Contracts accepted this week

Aurora-66                                      Bolingbrook-17

Geneva-13                                     Naperville-66

North Aurora-11                            Oswego-10

Plainfield-38                                   Plano-11

St Charles/Campton Hills-34          West Chicago-11

Yorkville-18

No short sale accepted contracts this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  14 with a kick-out clause of 72 hours, 16 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.  4 with a kick-out clause of 72 hours and 8 with 48 hours.

2020 by the month

Month                         New     Closed     Contracts accepted

January                    1105         566             858

February                  1267         529           1024

March                      1186         707           1079

April                           648         786             775

May                          1352      1010           1444

June                          1232        908           1534

July                           1417      1453           1852

August                         796      1010           1091

Totals                         9003      6969           9657

Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.

Solds are the most important figures to look at.  Those are actual numbers.  New listings can be canceled and relisted.  Contracts accepted might not actually close.  Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through.  That is why there is such a big difference in the totals.  Some of them get accepted, canceled and relisted and contract accepted again.

Contact us

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

It is still a great time to sell.  Inventory continues to remain extremely low.  There is not a lot of competition right now.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you and estimate of expenses to sell so you can see where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan.  We will need to submit this with an offer when you find a home.

Check out some great resources:

Let us know if you are looking for any other information.  We can point you in the right direction.

Market update Fox Valley week 34.  Have a great week!

Market update Fox Valley week 34Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

Market update Fox Valley week 33

Market update Fox Valley week 33 Market update Fox Valley week 33.  New listings of single family homes were down this week.  264 this week compared to 279 the week before.  We are not heading in the right direction.  Inventory is extremely low already.  We need to increase new listings to meet buyer demand.  Interest rates are fantastic right now so if you want to get a larger home or maybe now is the time to downsize it is a great time to do that.

Closed listings were almost the same.  340 this week compared to 338 the week before.  We increased by 2.  Closed homes will increase as we head into the end of the month.

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

Aurora-New 37 $110,000-$565,000

             Closed-48 $84,000-$539,000

Batavia-New 9 $315,000-$519,900

             Closed-12 $218,900-$528,000

Bolingbrook-New 13 $212,500-$399,900

                     Closed-22 $172,000-$444,900

Geneva-New 17 $234,000-$650,000

             Closed-11 $200,500-$722,500

Montgomery-New 7 $184,900-$339,900

                      Closed-17 $109,900-$317,000

Naperville-New 59 $299,900-$1,790,000

                 Closed-49 $290,000-$1,250,000

Oswego-New 14 $149,000-$519,900

              Closed-22 $197,500-$448,066

Plainfield-New 21 $221,900-$439,900

                Closed-54 $157,000-$493,000

St Charles/Campton Hills-

                New 21 $164,900-$1,050,000

                Closed-25 $168,000-$1,200,000

West Chicago-New 9 $199,000-$549,900

                       Closed-10 $140,000-$495,000

Yorkville-New 5 $229,000-$312,788

              Closed-14 $230,000-$575,000

Contracts accepted this week

Aurora-48                                   Bolingbrook-23

Geneva-19                                   Montgomery-14

Naperville-60                               North Aurora-12

Oswego-17                                  Plainfield-44

St Charles/Campton Hills             West Chicago-13

Yorkville-14

3 short sales were accepted this week.  All 3 were in Plainfield.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  10 with a kick-out clause of 72 hours, 17 with 48 hours and 4 with 24 hours.

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

April                            648        786               775

May                          1,352     1,010           1,444

June                          1,232        908           1,534   

July                           1,417     1,453           1,852

August                          543        678              734

Totals                         8,750     6,637           9,300

Closed listings is the main one to concentrate on for what the market did so far this year.  New listings can be canceled and relisted.  Contracts accepted doesn’t mean they will close.  It means that buyers thought the home fit their needs and negotiated an offer that was accepted.  Sometimes they don’t make it past home inspection and attorney review.  They might of accepted another contract with other buyers.  That is why that number is larger than new listings.  Some buyers found another home others did not.

Contact us

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

It is still a great time to sell!  Let us update the value of your home for today’s market.  We will provide you with a net proceeds that shows you the expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms.

If you are wanting to buy a home you need to get your documents in order and call a loan officer to get pre-qualified.  They will give you a letter showing what you qualify for and what type of loan that works out best for you.  We will attach this letter to an offer when you find a home.

Take  a look at some great resources:

Let us know what communities you are wanting to look at.  We can set you up to receive listings as they hit the market so you don’t miss out on a thing.  You need to be ready to go when they hit the market because they do not stay on the market long right now unless they are priced too high.

Market update Fox Valley week 33.  Have a great week!

Market update Fox Valley week 33Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Sign me up to receive listings here

     

Market update Fox Valley week 32

Market update Fox Valley week 32 Market update Fox Valley week 32.  New listings were consistent this week with the week before.  270 this week compared to 284 the week before.  We love consistency but not with new listings right now.  We need to drastically increase new listings.  Inventory is extremely low.  Now is a great time to get your home on the market.

Closed listings are down slightly over 24% this week.  338 closed single family homes this week compared to 445 the week before.  That is the difference between the end of the month and the beginning.  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 32 $135,000-$425,000

            Closed-43 $92,412-$703,000

Bolingbrook-New 19 $225,000-$579,900

                     Closed-22 $150,000-$450,000

Geneva-New 16 $259,000-$649,900

             Closed-10 $235,000-$459,000

Montgomery-New 13 $194,900-$305,000

                      Closed-10 $109,900-$285,000

Naperville-New 55 $250,000-$1,349,900

                 Closed-69 $235,000-$1,300,000

Oswego-New 10 $275,000-$1,375,000

              Closed-21 $123,000-$509,961

Plainfield-New 27 $165,000-$499,000

                Closed-50 $105,000-$800,000

St Charles/Campton Hills-

                 New-24 $219,900-$870,000

                 Closed-18 $200,000-$950,000

West Chicago-New 10 $159,900-$375,000

                       Closed-9 $179,900-$464,000

Yorkville-New 14 $105,000-$699,900

              Closed-13 $245,000-$555,000

Price ranges might help you decide what communities to look in.

Contracts accepted this week

Market update Fox Valley week 32-Contracts accepted this week Contracts accepted this week were up 11.30% from the week before.  384 this week compared to 345 the week before.  Buyers are still trying to find a home.  We need more homes on the market to show.

Look at the communities sellers accepted the most contracts:

Aurora-49                             Batavia-10

Bolingbrook-24                     Elburn-12

Geneva-19                            Naperville-67

Oswego-14                           Plainfield-53

Plano-11                              St Charles/Campton Hills-37

West Chicago-15                  Yorkville-16

7 short sales were accepted by sellers this week.  2 in Aurora and Plano. 1 each in Oswego, Plainfield and Sycamore.  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.  12 with a kick-out clause of 72 hours, 21 with 48 hours and 7 with 24 hours. 

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  7 with a kick-out clause of 72 hours, 8 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

April                           648       786              775

May                         1,352   1,010           1,444

June                        1,232       908           1,534

July                         1,417    1,614           1,852

August                        279       338              384

Total                        8,486    6,458           8,950

July is the best month so far for this year.  Check back with us every Saturday for an update.  At the end of the month we will compare to 2019 and 2018 so you can see the changes from year to year.

Contact us

Call us at 630-503-6555 for all of 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 the expenses to sell so you know where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to talk to a loan officer and have your documents ready.  They will let you know what type of loan and what price range works out best for you.  A letter will be emailed to you showing what you qualify for. This will go with an offer when you find the home you like.

Check out some great resources:

You might be downsizing or wanting a larger home.  Looking for a different school district.  Family member might have passed and you need to sell their home.  Whatever the reason you are wanting to buy or sell we are here to help guide you through the process.

Market update Fox Valley week 32.  Have a great week!

Market update Fox Valley week 32Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 31

Market update Fox Valley week 31Market update Fox Valley week 31.  New listings were almost identical to the week before.  284 New listings of single family homes this week compared to 285 the week before.  We wish there were more.  Inventory continues to be extremely low. So many people have been focusing on school whether they will send them back or stay remote.  Many schools are starting to make that choice for them and remain remote.

Closed listings this week were up a little over 57%.  445 single family homes closed this week compared to 282 the week before.  The end of the month is when most buyers want to close.

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

Aurora-New 40 $139,900-$799,900

            Closed-61 $145,000-$590,000

Batavia-New 8 $311,000-$1,375,000

             Closed-13 $195,000-$805,000

Bolingbrook-New 12 $199,900-$485,000

                     Closed-24 $169,000-$485,027

Elburn-New 9 $275,000-$599,900

            Closed-10 $260,000-$920,600

Geneva-New 15 $229,900-$725,000

             Closed-18 $224,000-$646,605

Montgomery-New 6 $195,000-$354,020

                     Closed-11 $164,000-$270,000

Naperville-New 61 $269,900-$2,100,000

                 Closed-86 $260,500-$1,220,000

North Aurora-New 3 $300,000-$385,000

                       Closed-13 $197,000-$412,000

Oswego-New 23 $195,000-$1,749,000

              Closed-38 $225,000-$665,000

Plainfield-New 27 $229,000-$599,000

                Closed-55 $207,000-$609,000

St Charles/Campton Hills-

                New-26 $160,000-$1,229,000

                Closed-33 $205,000-$665,000

West Chicago-New 5 $398,700-$595,000

                       Closed-17 $181,000-$409,900

Yorkville-New 15 $259,900-$479,500

              Closed-13 $185,000-$590,000

Contracts accepted this week

Market update Fox Valley week 31-Contracts accepted this week

 

Contracts accepted this week were 28 single family homes lower.   345 this week compared to 373 the week before.  That is still pretty good considering new listings have gone down now 2 weeks in a row.  

Look at the communities sellers accepted the most contracts:

Aurora-42                                    Batavia-11

Bolingbrook-32                           Geneva-16

Montgomery-12                          Naperville-67

Oswego-22                                 Plainfield-38

St Charles/Campton Hills-20     West Chicago-12

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  11 with a kick-out clause of 72 hours, 20 wit 48 hours and 2 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 4 with 48 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

April                            648        786              775

May                          1,352     1,010          1,444

June                         1,232         908          1,534

July                          1,417      1,614          1,852

Totals                        8,207     6,120          8,566

July has been the best month so far for 2020.  Interest rates are extremely low right now so it makes it a great time to buy a home.  Closed homes are always what you want to look at.  New listings can be canceled or expired and relisted.  Contracts accepted can also change to reactivated and then contract pending again.

I usually compare to the last couple of years at the end of each month but I did that last week  I should of waited until this week.  Last week it showed that we are going down in all the numbers.  Low inventory is the main factor.  It has been frustrating for buyers competing with other buyers on a home because there just is not enough homes on the market for the amount of people that want to buy.  Instead of buying a resale home you might want to think about new construction.  We can also help you with that.  Let us know what community you are looking for and we can tell you about new construction in that area.

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.

We keep saying it is a great time to sell your home and it still is.  Continued low inventory and extremely low interest rates makes it a good time to sell.  Buyers are out there looking in all price ranges.  Let us update the value of your home in today’s market and provide you with a net proceeds that shows your expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified.  They will provide you with a letter that shows the type of loan and price range that you qualify for.  We will send this letter with an offer when you find the home you like.

Check out some great resources:

Covid-19 has changed a few things with buying and selling a home.  There are 3-D scans, virtual tours or live video showings if you are not comfortable with a lot of people walking through your home.  Home inspections can be done with only the inspector there to cut down on people in the home.  You can direct us on how you want your home shown.

We can do video meetings to explain things to you and answer all your questions.  Documents can be signed remotely with docusign.  Some title companies are doing remote closings.  Other ones are having the sellers sign documents ahead of the closing day and only buyers and their attorney are there the day of closing.  Let us know what your comfort level is.

Market update Fox Valley week 31.  Have a great week!

Market update Fox Valley week 31Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101