2021 Real Estate Market Update Week 23

2021 Real Estate market update week 23 Cover

2021 real estate market update week 23.  New listings of single family homes were down this week.  297 this week compared to 314 the week before.  Not by much, but any decrease just makes it harder for the buyers that are waiting for new homes to come on the market.

Closed listings of single family homes was slightly down.  317 this week compared to 321 the week before.  Consistency is what we like to see.  They should increase as we get closer to the end of the month.

2021 Real Estate Market Update Week 23

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

Aurora-New 43 $140,000-$649,900

            Closed-36 $120,500-$700,000

Batavia-New 9 $240,000-$664,900

             Closed-13 $241,000-$550,000

Bolingbrook-New 27 $224,853-499,900

                    Closed-13 $190,000-$788,000

Geneva-New 11 $240,108-$879,900

              Closed-14 $335,000-$1,095,000

Montgomery-New 7 $190,000-$319,900

                     Closed-10 $165,000-$335,000

Naperville-New 68 $274,500-$2,699,000

                 Closed-60 $299,000-$1,100,000

Oswego-New 16 $164,900-$689,900

               Closed-20 $175,000-$575,000

Plainfield-New 28 $225,000-$895,000

                Closed-39 $240,000-$605,000

St Charles/Campton Hills-

               New 27 $250,000-$2,299,900

               Closed-33 $205,000-$1,405,000

Sycamore-New 6 $159,900-$650,000

                  Closed-12 $161,000-$440,000

Wet Chicago-New 11 $250,000-$699,900

                      Closed-5 $160,000-$680,000

Yorkville-New 6 $269,900-$899,900

              Closed-16 $235,000-$1,258,000

Median list price this week was the same as last week $375,000

Median closed price this week was $375,000, and last week it was $390,000

2021 Real Estate Market Update Week 23-Stats 061221

Contracts accepted this week

Contracts accepted this week were higher.  345 this week compared to 314 the week before.  Buyers are not slowing down.  We are still seeing multiple offers.  If you are thinking about selling now is the time to call us, and get it on the market.

2021 Real Estate Market Update Week 23-Contracts Accepted this Week

Look at the communities sellers accepted the most contracts:

Aurora-47                                        Bolingbrook-31

Geneva-15                                      Naperville-57

Oswego-24                                     Plainfield-45

St Charles/Campton Hills-24         Sycamore-11

West Chicago-12

No contracts were accepted on any short sales this week.  Prices have gone up enough, for a lot of them, to sell without having to go the short sale route.

Sellers have accepted contracts that are contingent on the buyer closing on their current home.   4 with a kick-out clause of 72 hours, 3 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 hours and 5 with 48 hours.

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                 543           649                  829

February               561           604                  778

March                   993          1099                1455

April                    1006            926                1387

May                     1088         1228                 1289

June                      611           638                   659

Totals                  4802         5144                 6397

Closed is the most important column to look at.  These are actual numbers. 

Some get contracts accepted, and then go back on the market.  

New listings can also go back on as a new listing.

May is the best month so far for closed listings.

Check back with us every Saturday.  At the end of the month we will compare to 2020 and 2019 so you can see how the market  is doing this year.

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.

If you are thinking about selling your home request a home valuation. Give us a little information about recent updates that have been completed.  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 this year?  You need to get pre-approved with a loan officer.  Get them all your financial documents so they can put you through underwriting.  You need to take this extra step because you will most likely be up against multiple offers.

Resources:

If you need recommendations for real estate attorney, home inspector or loan officers we can give you a few to contact.

2021 real estate market update week 23.  Have a great week!

2021 market update week 23-Kristine HEiman, Designated Managing BrokerKristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 22

2021 Real Estate market update week 22 Cover

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

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

2021 Real Estate Market Update Week 22

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton HIlls-

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

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

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

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

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

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

2021 Real Estate Market Update Week 22-Stats 060521

Contracts accepted this week

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

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

Aurora-53                                   Batavia-11

Bolingbrook-21                          Geneva-19

Montgomery-12                         Naperville-53

North Aurora-12                         Plainfield-42

St Charles/Campton Hills-15     West Chicago-15

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

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

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

2021 real estate market update by the month

Month                 New      Closed     Contracts accepted

January                543            649                  829

February              561            604                  778

March                  993          1099                 1455

April                   1006            926                 1387

May                   1088          1228                 1289

June                    314            321                   314

Totals                 4505         4827                  6052

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

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

Contact us

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

What are you waiting for?  Let’s get your home on the market!  Request a home valuation so we can show you what is is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with.  This will be updated once an offer comes in and we know all the terms so you can make a good decision.

If you are wanting to buy a home this year you need to find a loan officer that will get you pre approved, not just prequalified.  YOu need to provide them with your tax returns and all financial information.  Today the market is too competitive.  You have to take the extra step and get pre approved subject to finding the home.

Resources:

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

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

Let us know what questions you have.

All data came from MRED LLC.

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

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

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

2021 Real Estate Market Update Week 20

2021 Real Estate market update week 20 Cover

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

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

2021 Real Estate Market Update Week 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

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

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

2021 Real Estate Market Update Week 20-Stats 052221

Contracts accepted this week

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

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

Look at the communities that sellers accepted the most contracts:

Aurora-59                                  Bolingbrook-23

Geneva-17                                Montgomery-11

Naperville-52                             Oswego-17

Plainfield-33                              Plano-12

St Charles/ Campton Hills-20   Sycamore-10

West Chicago-14

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

Sellers accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649                 829

February                  561           604                 778

March                      993          1099               1455

April                       1006            926               1387

May                         797            843                 952

Totals                    3900           4121              5401

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

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

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

Contact us

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

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

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

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

Resources:

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

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

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

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 19

2021 Real Estate market update week 19 Cover

2021 real estate market update week 19.  New listings of single family homes were up.  294 this week compared to 236 the week before.  We want to see increases every week.  It will take a lot more than this to satisfy the amount of buyers that are out there looking.  Prices will continue to rise until enough housing in all price ranges comes on the market or gets built.

Closed listings of single family homes were down.  266 this week compared to 278 the week before.  They will rise as we get closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 19

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

Aurora-New 37 $124,900-$679,900

            Closed-38 $30,000-$640,000

Bolingbrook-New 15 $200,000-$425,000

                    Closed-19 $208,000-$502,350

Geneva-New 15 $299,900-$1,799,000

              Closed-17 $267,900-$789.000

Montgomery-New 8 $185,000-$369,900

                     Closed-11 $218.000-$370,000

Naperville-New 57 $275,000-$6,990,000

                 Closed-52 $280,000-$1,350,000

Oswego-New 18 $229,000-$884,900

               Closed-14 $197,000-540,000

Plainfield-New 37 $205,000-$1,076,400

                Closed-31 $255,000-$610,000

St Charles/Campton Hills-

                New 26 $249,900-$1,850,000

                Closed-24 $207,000-$1,155,000

West Chicago-New 16 $189,900-$850,000

                        Closed-7 $255,000-$605,000

Winfield-New 10 $327,000-$899,900

              Closed-5 $295,000-$735,000

Yorkville-New 2 $180,000-$615,000

              Closed-11 $264,900-$500,000

Median list price this week is $375,000, and last week it was $350,000

Median Closed price this week is $360,000, and  last week it is was also $360,000

2021 Real Estate Market Update Week 19-Stats

Contracts accepted this week

Contracts of single family homes were down.  290 this wee compared to 340 the week before.  This does not mean less buyers out there.  Last week the new listings were also down so buyers had less to look at.

2021 REal Estate Market Update Week 19-Contracts accepted this week

Look at the communities sellers accepted the most contracts:

Aurora-51                         Batavia-10

Bolingbrook-19                 Geneva-11

Naperville-50                    Oswego-10

Plainfield-39                     St Charles/Campton Hills-19

Yorkville-15

No short sales were accepted by sellers this week.

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

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

2021 real estate market update by the month

Month                   New      Closed     Contracts accepted

January                  543            649                829

February                561            604                778

March                    993          1099               1455

April                     1006            926               1387

May                       530            544                 630

Totals                  3633          3822               5079

Closed column is the most important column.  These are actual numbers.  New and contracts accepted can be added more than once if a home gets listed more than once.  Sometimes a contract will get accepted and it will not make it past the home inspection and attorney review so it get relisted and then gets another contract at a later time.

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

Contact us

Call us at 630-503-655 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 a great time to be a seller!  Prices are increasing because there is not enough homes on the market.  National Association of REALTORS® has said we are at a 50 year low for housing.  We need more of all types of housing.  Request a home valuation and tell us a little bit about your home.  Let us know what updates you have completed recently.  We will provide you with a net proceeds so you can see the expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  Contact a loan officer with all your financial information and let them know to get you pre-approved.  The market is moving so fast right now just getting prequalified is not enough.  There is multiple offers on most homes and you want to show the seller that you are pre-approved.  

Resources:

If you need recommendations for a loan officer, real estate attorney or a home inspector just let us know.  We can recommend a few of each so you have a choice.

2021 real estate market update week 19.  Have a great week!

2021 market update week 19Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

 

2021 Real Estate Market Update Week 18

2021 Real Estate market update week 18 Cover

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

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

2021 Real Estate Market Update Week 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/ Campton Hills-

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

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

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

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

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

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

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

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

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

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

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

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

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

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543           649                  829

February                     561           604                  778

March                         993          1099                1455

April                          1006            926                1387

May                             236            278                 340

Totals                        3339           3556              4789

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

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

Contact us

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

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

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

Resources:

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

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

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

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

2021 market update week 18Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101    

2021 Real Estate Market Update Week 17

2021 Real Estate market update week 17 Cover

2021 real estate market update week 17.  Seller’s market continues!  New listings of single family homes were up this week.  273 this week compared to 232 the week before.  Great but we need to really increase these number of new listings or prices will continue to rise.

Closed listings of single family homes was also up this week.  280 this week compared to 232 the week before.  It is the last week of the month when most buyers want to close so this was to be expected.

2021 Real Estate Market Update Week 17

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

Aurora-New 42 $155,500-$629,000

            Closed-39 $140,000-$540,000

Batavia-New 13 $259,900-$997,500

             Closed-8 $242,500-$884,536

Bolingbrook-New 11 $180,000-$699,000

                     Closed-11 $204,000-$370,100

Geneva-New 19 $249,00-$949,000

             Closed-18 $220,500-$1,000,000

Montgomery-New 11 $190,000-$399,900

                      Closed-3 $179,900-$220,000

Naperville-New 53 $219,900-$1,999,995

                 Closed-55 $287,000-$1,385,000

Oswego-New 10 $264,000-$850,000

              Closed-18 $135,000-$530,000

Plainfield-New 29 $229,900-$699,900

                Closed-37 $170,000-$509,770

St Charles/Campton Hills-

               New-26 $195,000-$1,550,000

               Closed-20 $230,000-$1,160,500

West Chicago-New $12 $135,900-$599,000

                      Closed-8 $180,000-$441,251

Yorkvillle-New 11 $244,900-$430,000

               Closed-7 $187,000-$526,645

Median list price this week $365,000 compared to last week $350,000.  Median closed price this week $360,450 compared to last week $352,000. 

Contracts accepted this week

Contracts accepted this week were up.  388 this week compared to 344 the week before.

2021 Real Estate Market Update Week 17-Contracts accepted this week

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

Aurora-48                             Batavia-13

Bolingbrook-19                    Geneva-12

Naperville-65                       Oswego-13

Plainfield-53                        St Charles/ Campton Hills-27

Sycamore-12                       West Chicago-11

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  7 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

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

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

2021

Month                    New     Closed     Contracts accepted

January                 543         649              829

February               561         604              778

March                   993      1099            1455

April                   1006        926            1387

Totals                  3103      3278            4449

2020

January              1105        566               858

February            1267        529             1024

March                1186       707              1079

April                    648       786                 775

Totals                 4206    2588               3736

2019

January               858       407                 568

February           1032       463                 832

March               1731      915               1375

April                 1594      792               1307

Totals                5215   2577               4082

The closed column is the most important one to look at.  These are actual numbers.  More single family homes have closed this year than the previous 2 years.  You can see more closed than new listings until April.

New listings can sometimes go back up as a new listing in normal times.  Right now they are selling before that happens.

Contracts accepted can sometimes be counted more than once.  Sometimes they do not make it past the home inspection and attorney review, and go back on the market and then counted again once they get another contract accepted.  Right now some homes are having a problem with the appraised price.  It is coming in lower than the contract price.  If they can’t negotiate to solve this issue the home will go back on the market.

It is definitely a seller’s market still, and will continue to be until more homes come on the market or the buyers start slowing down that are looking.

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 this year?  Request a home valuation, and give us some information about your home.  What have you updated lately?  New roof, painting, appliances or any other updates.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in.

If you are thinking about buying, you need to be ready with a pre-approval letter from your loan officer. Right now things are selling as fast as they go on the market. You need to go look the day it is listed and ready to write an offer right away, or you will lose out. We can schedule a zoom meeting to go over the process and get you familiar with the contract so you can be ready to go.

Resources:

It might be worth your time to look over these resources.  You can also ask your loan officer if they are offering any programs.  One of the IDHA programs might help payoff student debt and the other one if you live there for 5 years or more you might not have to pay back.

We can make recommendations of loan officers, real estate attorney and home inspectors.  Just let us know.

All the information is provided by the multiple listing service MRED LLC..

2021 real estate market update week 17.  Have a great week!

2021 market update week 17Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 16

2021 Real Estate market update week 16 Cover

2021 real estate market update week 16.  New listings of single family homes were down this week.  232 this week compared to 241 the week before. We are having an extreme housing shortage so any decrease is very sad.  I don’t know what else to say.  Too many buyers are still looking for a home.

Closed listings of single family homes was exactly the same as new listings and up from last week.  232 this week compared to 222 the week before.  Next week is the last week of the month so it should increase even more next week.

2021 Real Estate Market Update Week 16

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

Aurora-New 32 $85,000-$669,000

            Closed-43 $143,000-$710,000

Bolingbrook-New 10 $260,000-$629,910

                    Closed-11 $219,900-$360,000

Geneva-New 9 $229,900-$725,000

              Closed-13 $285,000-$698,938

Naperville-New 47 $319,000-$1,450,000

                 Closed-41 $162,000-$1,375,000

Oswego-New 9 $235,000-$505,000

               Closed-10 $235,000-$400,000

Plainfield-New 37 $220,000-$1,700,000

                Closed-25 $206,000-$1,105,000

St Charles/Campton Hills-

                New-23 $229,000-$849,900

                Closed-16 $239,000-$1,050,000

Yorkville-New 8 $238,000-$655,000

               Closed-17 $260,000-$480,000

Median list price this week was $350,000 and median closed price was $352,000.  Last weeks median price was $370,000 and last weeks median closed price was $354,000.  So median prices were down this week.

Contracts accepted this week

Contracts accepted on single family homes was down this week.  344 this week compared to 359 the week before.  Last week new listings were down so that contributed to less contracts accepted this week.

2021 Real Estate Market Update Week 16-Contracts accepted this week

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

Aurora-50                                 Batavia-13

Bolingbrook-20                         Geneva-14

Montgomery-11                        Naperville-79

Oswego-26                              Plainfield-47

St Charles/Campton Hills-32   West Chicago-10

Yorkville-12

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

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

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

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543         649                  829

February                     561         604                  778

March                         993        1099                1455

April                            501          414                  655

Totals                        2598        2766                3717

The closed column is the most important column to keep track of.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if they were relisted as new or if a contract accepted does not make it past the home inspection, attorney review or appraisal.  They can go back on the market and get counted again.

Some of the closed were homes that carried over into the new year.

Check back with us every Saturday for the 2021 real estate market update.  Next Saturday is the last week of the month and we will be comparing to 2020 and 2019 so you can see how things are going.

Contact us

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

Will you be selling this year?  Request a home valuation and give us some detalls about your home and let us know about any updates that you have completed recently.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to be ready to go with a pre-approval letter from your loan officer showing what you qualify for a what loan type.  This will go with an offer when you find a home.  The market is moving very fast right now so the letter can not be older than 30 days or get it updated.  You do not want to wait until you find a home or you could miss out on a home.  When a home hits the market you have to be ready to go because so many of them are getting multiple offers on them right away.

Resources:

1 of the IDHA programs might help out with student debt and another one if you live there 5 years might be forgiven.  It is worth taking a look at them.

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

2021 real estate market update week 16.  Have a great week!

2021 market update week 16Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 15

2021 Real Estate market update week 15 Cover

2021 real estate market update week 15.  New listings of single family homes were down this week.  241 this week compared to 260 the week before.  It is April we should be increasing every week.

Closed listings of single family homes were up this week.  222 this week compared to 192 the week before.  As we head to the end of the month they should increase.  Most buyers want to close at the end of the month so they can bring less money to closing.

2021 Real Estate Market Update Week 15

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

Aurora-New 40 $139,900-$750,000

            Closed-26 $120,000-$570,000

Batavia-New 10 $210,000-$739,900

             Closed-10 $285,000-$421,000

Bolingbrook-New 11 $190,000-$469,000

                     Closed-15 $227,000-$410,000

Geneva-New 12 $299,900-$1,599,000

              Closed-9 $325,000-$625,000

Naperville-New 55 $269,900-$2,250,000

                  Closed-42 $295,000-$1,375,000

Oswego-New 11 $245,000-$1,000,000

               Closed-13 $231,000-$440,000

Plainfield-New 27 $239,900-$749,900

                Closed-21 $242,500-$352,400

St Charles/Campton Hills-

                New 24 $179,900-$850,000

                Closed-16 $278,000-$965,000

West Chicago-New 7 $245,000-$484,900

                        Closed-12 $120,000-$645,000

Average median listing price this week is $370,000.  Average selling price is $345,500

2021 Real Estate Market Update Week 15-Stats

Contracts accepted this week

Contracts accepted on single family homes are up.  359 this week compared to 296 the week before.  We need to really increase inventory of homes to start to satisfy the demand from buyers that are looking.  We continue to see multiple offers.  Prices are increasing because of it.

2021 Real Estate Market Update Week 15-Contracts Accepted this Week

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

Aurora-50                                        Batavia-13

Bolingbrook-20                                Geneva-14

Montgomery-11                               Naperville-79

Oswego-26                                      Plainfield-47

St Charles/Campton Hills-32           West Chicago-10

Yorkville-12

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

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

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

You can see that, at this time, you better have a contract on your home if you want to have a chance on submitting an offer.  Multiple offers is the norm now.

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                543           649                  829

February              561           604                  778

March                  993         1099                1455

April                     501           414                  655

Totals                 2598         2766                3717

March was a good month.  I don’t know if we will hit close to the closed numbers this month.  Closed is the the main column to keep an eye on.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if a home is relisted or if a contract fall apart and then gets another one accepted.

Check back with us every Saturday for the update.  At the end of each month we will take a look back at 2020 and 2019 so you can see the comparison.

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 a great time to be a seller!  Prices are increasing.  Request a home valuation and give a little information about your home and what updates you have completed.  We will provide you with a net proceeds that shows you 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?  You have to be ready to go with a letter from a lender showing how much home you can afford and what type of loan.  This will go with an offer when we find you a home.  You also have to be ready to go when a listing hits the market.  You will be up against multiple offers.  This is not the market for you to go home and think about it.

Resources:

One of the IDHA  programs might help with student debt and another one if you live there for 5 years it might be forgiven.  It is worth your time to check it out.

If you need recommendations for a loan officer, real estate attorney and home inspector we would be happy to provide you with a few that we have successfully worked with and you can choose who you want to work with.

It is an exciting time to sell and buy a home, but it can be stressful.  We will do everything we can to explain as we go through the process so you know what to expect.

2021 real estate market update week 15.  Have a great week!

2021 market update week 15Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 13

2021 Real Estate market update week 13 Cover

2021 real estate market update week 13.  New listings on single family homes were down this week.  192 this week compared to 222 the week before.  Hopefully the holiday week is holding people back from putting their home on the market and it will pick up next week.  Until more homes start coming on the market prices are rising rapidly and multiple offers is the norm.  Very frustrating for buyers right now. 

Closed listings on single family homes increased this week.  274 this week compared to 209 the week before.  End of the month is the busiest for closings.  Most buyers want to close at the end of the month so they bring less money to closing for interest for the month.

2021 Real Estate Market Update Week 13

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

Aurora-New 31 $125,000-$735,000

            Closed-40 $111,000-$639,000

Bolingbrook-New 15 $186,000-$480,000

                    Closed-18 $187,997-$470,000

Naperville-New 45 $249,000-$2,100,000

                 Closed-54 $251,017-$1,031,000

Oswego-New 11 $100,000-$549,900

              Closed-15 $307,682-$622,000

Plainfield-New 25 $218,000-$1,190,000

                Closed-35 $235,000-$590,000

St Charles/Campton Hills-

                New-15 $199,999-$1,595,000

                Closed-25 $210,000-$1,150,000

West Chicago-New 4 $239,000-$489,000

                      Closed-10 $200,000-$501,000

Yorkville-New 4 $249,900-$398,000

              Closed-15 $146,000-$807,500

2021 Real Estate Market Update Week 13-Stats

Median list price of single family homes this week is $359,700 and the median sold price $352,500.

Contracts accepted this week

Contracts accepted on single family homes were almost the same this week.  299 this week compared to 293 the week before.  That is pretty consistent.

2021 Real Estate Market Update Week 13-Contacts Accepted This Week

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

Aurora-37                             Bolingbrook-12

Geneva-18                            Montgomery-13

Naperville-56                        Oswego-16

Plainfield-44                         St Charles/Campton Hills-25

Yorkville-14

No short sales were accepted by seller’s this week.  That does not mean they are not out there.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 72 hours and 2 with 48 hours.  Accepting contracts with contingencies other then financing are slowing down because of multiple offer situations.  Sellers are looking for offers with the least amount of hurdles to get past to get to closing.

2021 real estate market update week 13 by the month

2021

Month                    New     Closed     Contracts accepted

January                  543       649               829

February                561       604               778

March                   993     1099             1455

Totals                  2097     2352             3062

2020

January              1105       566               858

February            1267       529             1024

March               1186        707             1079

Totals                3558      1802             2961

2019

January              878         407               568

February          1032         463               832

March              1731         915            1375

Totals               3641       1785            2775

Closed is the most important column to look at.  These are actual numbers.  New and contract accepted can be counted twice if a property is relisted or a contract is accepted and it does not get past home inspection and attorney review.  Still this year we had the lowest new listings but the most closed homes. 

You can see why the prices are rising with the limited inventory of homes.  Until more homes come on the market the prices wil continue to rise.  Buyers are waiting to pounce on a new listing.  Don’t miss out on this great opportunity 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.

Request home valuation if you are thinking about selling so you can see where you are at in today’s market.  Tell us a little bit about your home and any recent updates that have been completed.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to get prequalified with a loan officer and have a letter of pre-approval in hand to start looking.  The market is moving very quickly and you have to be ready to go.  This letter will go with an offer when you find a home to show the seller you do qualify for their home.

Resources to check out:

One of those IDHA programs might help with student debt and the other one if you stay in the home 5 years the assistance money might be forgiven.

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

2021 real estate market update week 13.  Have a great week!

2021 market update week 13Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 12

2021 market update week 12 Cover

2021 real estate market update week 12.  New listings of single family homes were up.  222 this week compared to 171 the week before.  Increases are always exciting.  We are hoping this picks up steam so there are homes to show buyers that are getting impatient.  Too many have multiple offers the same day they are listed.

Closed listing of single family homes went down.  209 this week compared to 226 the week before.  The last 3 days business days of the month are next week so there should be an increase then.

2021 Real Estate Market Update Week 12

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

Aurora-New 26 $120,000-$1,499,000

            Closed-27 $115,000-$553,000

Bolingbrook-New 13 $245,900-$799,900

                    Closed-12 $165,000-$474,809

Geneva-New 8 $325,000-$1,639,900

              Closed-10 $292,000-$617,000

Naperville-New 50 $295,000-$1,745,000

                 Closed-41 $260,000-$1,800,000

Oswego-New 11 $175,000-$749,500

               Closed-15 $206,000-$1,500,000

Plainfield-New 29 $219,999-$599,999

                Closed-25 $200,000-$781,624

St Charles/Campton Hills-

                New 25 $240,000-$1,895.000

                Closed-16 $285,000-$617,500

You should be able to click on the photo above to make it larger so you can see all the communities that had activity this week.  You might have to adjust what community you are looking at depending on what price range you are looking for.

Contract accepted this week

Contracts accepted this week on single family homes were slightly down.  293 this week compared to 304 the week before.  You can see more contracts were accepted this week than new listings.  This is the problem with low inventory.  As soon as they come on the market they are gone and then some.

2021 Real Estate Market Update Week 12-Contracts Accepted This Week

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

Aurora-34                                 Bolingbrook-19

Geneva-15                               Naperville-75

Oswego-17                              Plainfield-28

St Charles/Campton Hills-21   West Chicago-10

Yorkville-14

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

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

Multiple offer situations has decreased these contingencies.  Seller’s are looking for the offer with the least amount of hurdles to get through to get to closing.

2021 real estate market update by the month

Month                       New     Closed     Contracts accepted

January                      543           649                    829

February                    561           604                    778

March                        801           825                   1146

Totals                       1905         2078                  2753

Look at the difference in the months so far.  The closed column is the most important column because that is actual numbers.  New listings can be relisted and contracts accepted not always make it past the home inspection and attorney approval time period.  They can go back on the market and then contract pending again.  

This is the last full week of the month but I think I will wait until next week to take a look back to 2020 and 2019.  There is 3 business days next week still in March so I will wait. 

Check back with us every Saturday for the 2021 real estate market update and at the end of each month for a comparison to the previous 2 years so you can see how this year is going.

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.

If you have been waiting for Spring market to put your home up for sale you don’t need to wait.  It is here!  There is not enough homes on the market and the prices are rising because of it.  Request a home valuation and let us know about any updates that have been completed lately that might increase the value.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you wanting to buy a home this year?  You need to be ready to go with a letter from a lender showing what you qualify for in price and what type of loan.  Homes are moving quickly now and you will not have time to look and then get this from a loan officer.  When a home hits the market that fits your criteria you need to be ready to go look and write an offer.  They are going that quickly.

Resources to check out:

If you are looking for other information let me know and I will point you in the right direction.  We can make recommendations for a few loan officers, home inspectors and real estate attorneys.  You can decide which ones you want to work with.

2021 real estate market update week 12.  Have a great week!

2021 market update week 12Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555  ext 101