Market Update Fox Valley-March 23 2019

Posted on March 23, 2019March 23, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 23 2019

Market update Fox Valley-March 23 2019. New listings of homes this week were consistent with last week. 359 this week compared to 350 last week.

New listings so far this year:

January-878
February-1,032
March so far 1,380

We still have 8 days left of the month. You can see how things are progressing. Spring is here and the weather is starting to improve. If you want to sell this year now is the time to do it.

Closed listings of homes this week were slightly up. 175 this week compared to 166 last week. These numbers will increase next week because it is the last full week of the month. That is when most Buyers want to close.

Closing so far this year:

January-407
February-465
March so far-715

The numbers for March might double February totals.

Take a look at the activity this week:

Aurora-New 40 $100,000-$498,000 Closed-25 $125,000-$572,000

Batavia-New 13 $172,500-$585,000 Closed-3 $112,000-$455,000

Bolingbrook-New 24 $225,000-$475,000 Closed-17 $152,500-$442,000

Elburn-New 10 $267,900-$995,000 Closed-3 $282,000-$450,000

Geneva-New 14 $294,900-$975,000 Closed-11 $190,000-$1,000,000

Montgomery-New 17 $145,000-$314,900 Closed-10 $129,000-$269,900

Naperville-New 80 $250,000-$1,590,000 Closed-23 $270,000-$1,450,000

Oswego-New 18 $180,000-$539,000 Closed-7 $258,000-$473,404

Plainfield-New 38 $179,900-$699,990 Closed-26 $165,000-$890,000

St Charles/Campton Hills-New 34 $174,900-$1,995,000 Closed-9 $200,000-$441,000

West Chicago-New 11 $188,000-$479,900 Closed-5 $155,000-$331,000

Yorkville-New 14 $224,900-$1,049,900 Closed-9 $200,000-$455,000

Contracts Accepted this Week

Contracts accepted this week were up. 304 this week compared to 283 last week. These numbers will continue to go up if the inventory of homes continues to go up.

Take a look at the numbers so far this year:

January-608
February-832
March so far-1,078

The numbers are steadily rising.

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

Aurora-50 Bolingbrook-25 Geneva-10 Naperville-52 Oswego-19

Plainfield-44 St Charles/Campton Hills-20 West Chicago-13 Yorkville-13

Short Sales this week were half of what they were the week before. 4 this week compared to 9 the week before. There were 2 in Aurora and 1 each in Plainfield and Sandwich.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 6 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling a home.

Let us update the value of your home in the current market and provide you with an estimate of net proceeds that shows you the expenses to sell. We will update this when an offer comes in and we know all the terms.

If you are thinking about purchasing a home your first step is to call a loan officer to get pre-qualified. If you need recommendations we can provide you with some.

Resources to check out:

Market update Fox Valley-March 23 2019. Have a great week! Let us know what questions we can answer for you.

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

A different way to search for a home. Check it out here

Market Update Fox Valley-March 2 2019

Posted on March 2, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 2 2019

Market Update Fox Valley-March 2 2019. Spring market is here! We went into high gear this week. 344 new listings of homes this week compared to 261 last week. January saw 878 new listings of homes, February saw 1,032 and this week 344.

Closed listings this week were also up. 243 this week compared to 120 the week before. Most of those were the end of the month of February. January saw 407 closing for the whole month, February saw 465.

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

Aurora-New 42 $49,900-$429,000 Closed-48 $80,000-$583,000

Batavia-New 13 $199,000-$799,900 Closed-5 $175,000-$717,850

Bolingbrook-New 17 $159,900-$439,900 Closed-16 $179,000-$367,500

Geneva-New 16 $289,000-$725,000 Closed-10 $165,000-$599,900

Naperville-New 80 $255,000-$1,850,000 Closed-32 $225,000-$1,191,800

Oswego-New 12 $194,900-$354,900 Closed-19 $157,000-$515,000

Plainfield-New 37 $169,900-$749,900 Closed-25 $174,000-$565,000

St Charles/Campton Hills-New 29 $219,900-$1,975,000 Closed-15 $195,000-$602,500

West Chicago-New 19 $129,900-$799,000 Closed-12 $108,000-$532,000

Yorkville-New 11 $214,900-$369,500 Closed-8 $191,000-$285,000

If you are thinking about buying or selling this year now is the time! Don’t miss out on Spring market.

Contracts Accepted this Week

Contracts accepted this week were up slightly up. 224 this week compared to 218 last week. There are more homes on the market now to view so these numbers should go up next week. You need to be ready to go just in case you find a home. Your pre-qualifying letter should be no more than 30 days old. If it is, contact your loan officer to update it.

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

Aurora-31 Bolingbrook-18 Geneva-10 Montgomery-10 Naperville-37

Oswego-14 Plainfield-27 St Charles/Campton Hills-13 West Chicago010

Short sales accepted by Sellers were about the same. 2 this week compared to 3 last week. Both of them were in Bolingbrook.

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

Contracts were also accepted by Sellers that are contingent on the Buyer selling their current home and closing before purchasing. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 with any questions you have or advise on what you need to do to get your home ready to sell. We can provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when a offer comes in and we know all the terms of the offer.

If you are thinking about buying the first step is to get pre-qualified with a lender to see what type of loan and what price range will work for you so you don’t fall in love with a home that will not work.

Resources for you to check out:

loans and the process
VA loans and the requirements
current interest rates
down payment assistance
Illinois home assistance and some community assistance
school ratings (important to buy in a good school district even if you do not have children)

Market Update Fox Valley-March 2 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Market Update Fox Valley-February 9 2019

Posted on February 9, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-February 9 2019

Marke Update Fox Valley-Kane and Kendall last 10 years — Last 10 years single family homes sold in Kane and Kendall County

Market update Fox Valley-February 9 2019. The first picture is sold single family homes in the last 10 years in Kane and Kendall County. I thought you might be interested to see the trend. Kendall County did not dip in price as low as Kane County did but they are back up there slightly above Kendall County now.

New listings this week were way above last week! 325 this week compared to 181 last week. If you are a buyer you are thrilled that there is so much more to see. Thinking about selling? You better get busy and give us a call so we can get your home on the market. Spring market is starting early this year!

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

Aurora-New 35 $74,900-$624,900 Closed-18 $110,000-$349,900

Batavia-New 10 $259,900-$630,000 Closed-2 $325,000-$445,000

Bolingbrook-New 16 $135,000-$449,000 Closed-8 $143,000-$405,000

Geneva-New 10 $269,000-$1,250,000 Closed-3 $350,000-$475,000

Montgomery-New 20 $114,900-$358,692 Closed-2 $169,900-$265,000

Naperville-New 75 $260,000-$1,950,000 Closed-7 $317,500-$1,015,000

Oswego-New 14 $144,900-$374,900 Closed-3 $155,000-$400,000

Plainfield-New 38 $130,000-$1,300,000 Closed-11 $159,900-$408,950

St Charles/Campton Hills-New 31 $239,900-$1,750,000 Closed-5 $173,500-$572,500

Warrenville-New 10 $174,000-$2,149,000 Closed-2 $233,000-$247,000

Yorkville-New 14 $174,900-$379,990 Closed-4 $255,000-$449,900

Contracts Accepted this Week

Contracts accepted this week were up slightly. 209 this week compared to 181 last week. These numbers will probably really increase next week with all the new listings this week.

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

Aurora-39 Bolingbrook-19 Montgomery-14

Naperville-38 Oswego-11 Plainfield-18

Short sales were the same as last week with only 1 and it was also in Aurora. Just like last week. Now it will get submitted to the lender to see if they will accept it.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing. 2 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contract were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 5 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact us

If you are thinking about purchasing a home this year the first step is to get pre-qualified with a loan officer. We can make some recommendations if you do not have one already. They will provide you with a letter showing what you qualify for. That will go with an offer when we find you the right home.

Thinking about selling? Now is the time to get it on the market. Spring market is the best time of the whole year. It is starting early this year.

Things to check out:

Market update Fox Valley-February 9 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

New tool to search for homes https://remine.com/re/bhfvsearch

Market Update Fox Valley-January 19 2019

Posted on January 19, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-January 19 2019

Market update Fox Valley-January 19 2019. Happy Saturday! Hope you had a great week. New listings this week were slightly down. 224 this week compared to 279 last week. The weather this last week was not too bad so that was not a factor like it will be next week with the snow and colder temps we are getting this weekend.

Closed listings this week were slightly up. 115 closed homes this week compared to 101 last week. These should increase as we get closer to the end of the month. January is not a fun month to move but if you find a home now and close in February or March you might have better weather. You just never know how it will work out. We really have had a mild winter so far.

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

Aurora-New 27 $134,900-$609,000 Closed-17 $80,000-$492,500

Geneva-New 12 $299,900-$795,000 Closed-5 $237,500-$410,000

Naperville-New 52 $299,900-$6,095,000 Closed-19 $210,000-$1,320,000

Plainfield-New 26 $199,000-$549,900 Closed-12 $155,500-$350,600

St Charles/Campton Hills-New 30 $239,900-$799,000 Closed-10 $219,000-$732,000

Yorkville-New 17 $209,900-$1,200,000 Closed-2 $300,000-$595,000

Contracts Accepted this Week

Contracts accepted this week were up. 193 this week compared to 129 last week. That is great news! Buyers are still out there looking. You do not have to wait for Spring market to sell your home. If location, price and condition are just right it will sell.

Take a look at the communities Sellers accepted the most contracts:

Aurora-30 Bolingbrook-14 Naperville-38

Oswego-12 Plainfield-19 St Charles/Campton Hills-14

Short sales were slightly down this week. 5 this week compared to 8 last week. 1 each in Aurora, Bolingbrook, Geneva, Plainfield and West Chicago. Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing. 4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the sale and closing of the Buyers current home before purchasing. 5 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. We just recently moved our office to 200 Webster St Montgomery, IL 60538. Stop in to see us!

Our goal is to negotiate price and terms that are best whether buying or selling your home. We make it our business to find the perfect fit for your needs. We will explain the process so you are comfortable. Assist you with finding a loan officer, home inspector and real estate attorney. You want a great team getting you to a successful closing.

Helpful things to checkout:

Market Update Fox Valley-January 19 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-December 29 2018

Posted on December 29, 2018 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley

Market Update Fox Valley-December 29 2018. This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday. New listings were way down. 81 new listings this week compared to 134 last week. The last new listings for 2018. 2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out. Fresh paint in neutral colors makes the home feel clean and fresh. Let us tell you what needs to be done to get it market ready.

Closed listings were also way down with only 3 business days to close. 99 this week compared to 167 last week. The end of the closings for 2018. Now to loo kforward to 2019. Holidays will be over and the market will get back to normal. Spring market is just around the corner.

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

Aurora-New 8 $119,000-$384,500 Closed-17 $90,100-$371,000

Bolingbrook-New 7 $189,900-$385,000 Closed-15 $155,000-$374,000

Naperville-New 12 $299,900-$1,199,000 Closed-7 $327,500-$490,000

Contracts Accepted this Week

Contracts accepted this week were also down. 89 this week compared to 121 last week. Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday. The 2nd week of January we should get back to normal.

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

Aurora-14 Naperville-16 Plainfield-13

There were no short sales accepted this week by Sellers. Last week there were 4.

Sellers accepted contracts this week that are contingent on the Buyers current home closing before purchasing. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing. 5 with a kick-out clause of 72 hours, 1 each with 48 hours and 24 hours.

Contact us

Thinking of selling? Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

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

Things to check out:

Market Update Fox Valley-December 29 2018. Have a happy and safe New Year! Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com