Fox Valley home prices December 4 2021

Posted on December 4, 2021December 4, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 4 2021

Fox Valley home prices December 4, 2021. New listings of single family homes are up. 102 this week compared to 82 the previous week. Still ridiculously low. It usually slows down this time of year. That does not change buyer’s hopes for finding a home though.

Closed listings of single family homes is up. 244 this week compared to 158 the previous week. Monday and Tuesday was the end of November when most buyer’s want to close. Some of these were put off to the beginning of this month because of not getting everything accomplished before the Thanksgiving holiday.

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

Aurora-New 14 $130,000-$595,000

Closed-43 $110,127-$691,000

Bolingbrook-New 9 $240,000-$550,000

Closed-15 $220,000-$505,000

Geneva-New 3 $290,000-$620,000

Closed-12 $280,000-$590,000

Naperville-New 15 $329,900-$1,050,000

Closed-39 $275,000-$1,420,000

Oswego-New 7 $299,000-$434,990

Closed-13 $250,000-$495,000

Plainfield-New 12 $194,900-$625,000

Closed-26 $252,000-$710,053

St Charles-New 6 $245,000-$608,500

Closed-25 $185,000-$1,599,625

Yorkville-New 1 $350,000

Closed-12 $235,000-$487,600

Financing, median prices and 2,000 square feet or more

Median list price this week $350,000, last week $359,450.

Closed median price this week $363,942, last week $359,450.

176 single family homes closed this week using Conventional financing with a median price of $385,000, last week 110 at median price of $373,250.

23 closed this week paying cash with a median price of $298,000, last week also 23 at a median price of $315,000.

Conventional and Cash December 4 2021 — Conventional and Cash

FHA financing was used this week with 27 homes with a median price of $250,000, last week 18 homes at median price of $288,500.

VA financing was used to buy 13 single family homes with a median price of $390,000 this week, last week 6 homes with median price of $438,500.

FHA and VA December 4 2021 — Homes closed using FHA and VA financing

144 single family homes closed this week that are 2,000 square feet or more with a median price of $445,450, last week 89 with median price of $450,000. Minimum price this week was $207,000, last week $260,000. This gives you and idea of pricing here in the Fox Valley if you are looking for more square footage with either more bedrooms or space for an office.

2000 SF or more December 4 2021 — 2,000 square feet or more

Conventional is still the most used way to finance buying a home. If your loan officer qualified you for FHA financing you should ask them to also qualify you for Conventional and see where you are at. You might be able to purchase a higher price with FHA but if you are up against another offer the seller will most likely take the Conventional offer over FHA.

Contracts accepted this week

Contracts accepted this week on single family homes was down. 147 this week compared to 191 the previous week. New listings were way down last week so there was not much to choose from.

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

Aurora-23 Naperville-23

Plainfield-20 West Chicago-10

4 short sales were accepted by seller’s this week. 1 each in Bolingbrook, Plainfield, Plano and Warrenville. Now they will be submitted to the lender to see if they will also accept. Prices have increased so much that most times the seller can sell without having to sell short unless they purchased recently.

A seller has accepted a contract that is contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours.

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

2021 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

November 557 854 931

December 102 244 147

Totals 10325 12119 13048

June was the best month of the year so far. I don’t think December will have that much activity. There is always reasons people need to sell so don’t give up if you are a buyer.

Even though things have slowed down it is still a great time to sell. Not much competition out there.

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.

Request a home valuation if you are thinking about selling your home. We will let you know what your home is worth in today’s market and give you 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.

Thinking about buying a home? You need to get pre approved with a loan officer. Get all your financial information together and get it to your loan officer so they can get you pre approved. Seller’s want to know that you qualify for their home before they will even consider an offer from you. The loan officer will give you a letter that shows what you qualify for and what type of loan that will go with an offer when you find the right home.

It is our job to make sure you qualify before we take you looking at homes. You do not want to fall in love with a home that you don’t qualify for. We look at many things like how much the taxes are or if the home needs work. If the taxes are too high or if there is a homeowner Association fee sometimes that can put you over what you qualify for. It depends on what type of loan you are going for if there are things the home needs to repair and the owner is not willing to make the repairs.

Resources:

Check with your loan officer for the interest rates you qualify for with your credit score. The better your credit score, the better the interest rate you will be offered. If you need to work on your credit score your loan officer will be able to give you some guidance on how to bring up.

If you need recommendations for a loan officer, real estate attorney or home inspector we can give you a few to contact and you can decide who you want to work with.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices December 4 2021. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

]Montgomery, IL 60538

630-503-6555 ext 101

fox Valley home prices October 30 2021

Posted on October 30, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices October 30 2021

Fox Valley home prices October 30 2021. New listings of single family homes are down. 152 this week compared to 187 the week before. This is so extremely low.

Closed listings of single family homes are up. 292 this week compared to 245 the week before. This is the last full week of the month so it is expected to be higher.

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

Aurora-New 19 $135,000-$875,000

Closed-40 $134,900-$690,000

Bolingbrook-New 5 $215,000-$345,000

Closed-18 $209,000-$486,500

Geneva-New 6 $264,900-$555,000

Closed-10 $225,000-$675,000

Montgomery-New 8 $189,900-$310,000

Closed-12 $165,000-$360,000

Naperville-New 20 $194,500-$1,199,900

Closed-45 $278,000-$2,050,000

Oswego-New 10 $230,000-$425,000

Closed-24 $249,000-$730,000

Plainfield-New 16 $269,900-$565,000

Closed-38 $263,000-$875,000

St Charles-New 13 $179,900-$895,000

Closed-21 $99,900-$1,025,958

West Chicago-New 7 $259,900-$515,000

Closed-12 $210,000-$565,000

Yorkville-New 6 $319,900-$554,900

Closed-17 $195,000-$565,000

It is normal for things to slow down after school starts and into the holiday months. Homes do go on the market all year though.

Buyers that had a hard time getting their offer accepted during the months of multiple offers, are still trying to find a home.

Financing used, median prices and 2,000 square feet or more

Median list price this week $339,000, last week $349,000. Median closed price this week 292 at $340,000, last week 245 at $341,500. We are keeping an eye on this to look for significant changes.

Fox Valley home prices October 30 2021-Stats — Stats this week

Financing became a bigger deal earlier this year when we started receiving multiple offers. When you are a seller looking at multiple offers you want to choose the offer that is most likely to go through with the least possible issues.

FHA used to be very popular. Loan officers more likely than not used to do a pre qualification for a FHA loan. We had to get them to change that, and start doing Conventional financing, because that is what most seller’s were accepting.

Conventional Closed this week 212 with a median price $365,000, last week 168 at $371,829.

Cash closed this week 34 with a median price of #327,450, last week 41 at $278,000.

Fox Valley home prices October 30 2021-Conventional and Cash — Conventional and Cash

FHA closed this week 34 with a median price of $285,800, last week 41 at $278,000.

VA closed this week 10 with median price of $319,500, last week 8 at $381,000

Fox Valley home prices October 30 2021-FHA and VA — FHA and VA

Buyer’s with the pandemic have been looking for larger homes. More bedrooms, family room, home offices and larger yards. We decided to add 2,000 or more square feet to show how many homes sold in this category and what the prices are.

2,000 or more square feet closed this week 167 at a median price of $416,500, last week 134 at $414,000. Minimum price closed this week at $209,100, last week $291,000. This gives you an idea of what buyer’s are paying for more square footage here in the Fox Valley.

Fox Valley home prices October 30 2021-2000 or more SF — 2000 or more square feet

Contracts accepted this week

Contracts accepted this week are down. 218 this week compared to 223 the week before. Inventory is down so this is to be expected. That is still more than the new listings last week.

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

Aurora-37 Bolingbrook-15

Montgomery-10 Naperville-37

Plainfield-30 St Charles-10

Yorkville-11

No short sales were accepted by seller’s this week.

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

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

2021 by the month in the Fox Valley and 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

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 715 973 930

Totals 9666 11021 11970

2020

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 843 1116 1159

Totals 11263 9913 12664

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

September 1164 765 869

October 1041 738 776

Totals 13736 8666 10511

Even with the least new listings 2021 saw the most closed homes in the last 3 years.

Look at the difference in 2019 with new listings to closed homes. 5070 more new listings than closed. We saw it tighten up in 2020. 1,350 more new listings than closed homes. In 2021 it flipped. 1,355 more homes closed than new listings. They were carried over from 2020.

You can see why prices have increased with this tight of a market. Some of those new listings were relisted as new even though they were not new. If you just look at the closed column we increased each year.

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.

Request a home valuation if you are thinking about selling your home. Give us some details about your home and what has been recently updated.

Are you thinking about buying a home? You will need to get all your fianancial information together and get it to a loan officer to get you pre approved. Then you will be ready to go and start looking.

Resources

Check with your loan officer for current rates and find out what rate you might get based on your credit report. You might need some time to improve your credit to get a better rate.

If you need recommendations for loan officer, real estate attorney or home inspectors we can provide a few of each for you to contact and decide who you would like to work with.

All data used was from our MLS MRED, LLC.

Fox Valley home prices October 30 2021. Have a fantastic week! Let us know how we can help you.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley home prices

Posted on October 23, 2021October 23, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices

Fox Valley home prices. New listings of single family home were up. 187 this week compared to 171 the week before. Good news, but not nearly enough. Prices will keep increasing until we get enough inventory of homes to meet the demand. School starting always slows things down, but buyers are still looking.

Closed listings of single family homes was also up this week. 245 this week compared to 208 the week before. Next week is the last full week of the month so it should increase.

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

Aurora-New 25 $139,900-$439,900

Closed-33 $90,000-$470,000

Bolingbrook-New 18 $190,000-$485,000

Closed-14 $250,000-$502,000

Geneva-New 6 $270,000-$699,000

Closed-12 $187,500-$795,000

Montgomery-New 9 $179,900-$369,900

Closed-20 $178,000-$385,000

Naperville-New 34 $325,000-$1,549,900

Closed-36 $267,400-$1,300,000

Plainfield-New 22 $245,000-$515,000

Closed-33 $239,900-$540,000

St Charles-New 10 $185,000-$1,100,000

Closed-16 $215,000-$1,339,000

Yorkville-New 9 $247,500-$426,186

Closed-14 $255,000-$465,000

You can click on the picture above and look at the other communities listed to see the price ranges better. You might need to adjust what community you are looking in to find your price range that works out best for you.

Financing, median prices and homes that sold 2,000 square feet or more

Median list price this week was $349,000 last week $350,000. Closed median price was $341,500 this week, and $341,000 the week before. These prices are not fluctuating much from week to week.

Financing really came into play this year. Multiple offer situations changed the game. You needed to be already through the approval process and seller’s chose Cash, of course, first if the price was right and next they chose Conventional financing. It is still their choice today. Take a look.

Conventional financing closed this week 168 with median price of $371,829, last week 131 at $376,077.

Cash closed this week 27 at median price of $343,900, last week also 27 at$324,900

Fox Valley home prices-Conventional and Cash — Conventional and Cash

FHA closed this week 41 at median price of $278,000, last week 35 at median price of $282,000.

VA closed this week 8 at median price of $381,000, last week 15 at $349,000.

Fox Valley home prices-FHA and VA — FHA and VA

Some people are moving up to a larger home that has more bedrooms, family room, basement or room for an office so we decided to add this into the stats.

Single family homes closed with 2,000 square feet or more this week 134 at a median price of $414,000, last week 123 at $409,000. Minimum price closed this week at $291,000, last week at $205,000. This gives you an idea of prices in our area for that size home.

Fox Valley home prices-2000 or more SF — 2,000 Square Feet or more

Contracts accepted this week

Contracts accepted this week by seller’s was down. 223 this week compared to 233 the week before.

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

Aurora-29 Bolingbrook-24

Naperville-33 Oswego-13

Plainfield-27 St Charles-18

Click on the photo to enlarge so you can see other communities.

3 short sales were accepted by seller’s on single family homes. 1 each in Aurora, Plainfield and Sycamore. Now they 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 with a kick-out clause of 72 hours and also 1 with 24 hours.

2021 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

October 563 681 712

Totals 9514 10729 11752

Check back with us every Saturday for the 2021 by the month and at the end of each month we look back at 2020 and 2019 so you can compare and see how the market is going this year.

Every month except April more homes closed than new listings coming on the market.

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.

Request a home valuation if you think you might want to sell your home. Let us know a little bit about your home and what has recently been updated and we will let you know what it is worth in today’s market. 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? Gather all your financial information and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking. You will need to be flexible and go when a home hits the market. It will be gone if you wait until the weekend unless it needs work or over priced.

Resources:

Check with your lender for their current rates. Your credit score will determine the rate you receive.

If you need recommendations for loan officer, real estate attorney or home inspector we can give you a few to contact and you can choose who you want to work with.

All data used is from our MLS MRED, LLC.

Fox Valley home prices. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 39

Posted on October 2, 2021October 2, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 39

Fox Valley real estate market update week 39. New listings on single family homes are down. 205 this week compared to 233 the week before. Housing continues to be a problem. There just is not enough to meet the demand. Prices will continue to rise until this gets resolved.

Closed single family homes were up. 338 this week compared to 232 the week before. It is the end of the month so this is to be expected.

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

Aurora-New 36 $145,000-$770,000

Closed-59 $90,000-$595,000

Batavia-New 3 $299,900-$1,000,000

Closed-12 $131,000-$500,000

Bolingbrook-New 14 $240,000-$425,000

Closed-22 $217,500-$527,194

Geneva-New 10 $295,000-890,000

Closed-13 $240,000-$1,050,000

Montgomery-New $209,000-$339,900

Closed-13 $175,000-$415,000

Naperville-New 30 $245,000-$10,500,000

Closed-44 $325,000-$785,000

Oswego-New 18 $219,000-$535,200

Closed-15 $289,000-$665,000

Plainfield-New 25 $209,900-$650,000

Closed-45 $271-$$1,200,000

the 271 is a mistake but I don’t know the correct number. Someone must of entered it wrong.

St Charles-New 12 $189,000-$830,000

Closed-22 $207,000-$1,130,000

Sycamore-New 1 $367,000

Closed-12 $165,000-$355,000

West Chicago-New 6 $249,900-$435,000

Closed-11 $182,000-$685,000

Yorkville-New 9 $210,000-$535,000

Closed-15 $270,000-$550,000

Click on the photo above to see other communities that have had activity.

Financing, median prices and homes that are 2,000 square or more

Median list price this week is $349,315, last week $349,900

Closed median price this week was $340,000, last week $336,137.

Single family homes that closed using Conventional financing this week 243, last week 163

Cash used to close this week 41, last week 25

FHA used to closed this week 39, last week 37.

VA financing used to close this week 13, last week 4.

Most seller’s are looking for Conventional financing. FHA has had a hard time getting accepted. There are not as many people using VA in our area.

Single family homes that closed this week with 2,000 or more square feet 183, last week 131. The median price this week was $415,000 with the minimum price of $90,000. Slightly less than half of the homes closed with less than 2,000 square feet in the Fox Valley area.

Contracts accepted this week

Contracts accepted on single family homes were down. 248 this week compared to 277 the week before. New listings staying in the 200’s is not helping. Buyers need more to choose from.

Look at the communities with the most activity this week:

Aurora-54 Bolingbrook-26

Geneva-13 Naperville-29

Oswego-10 Plainfield-24

St Charles-16 Yorkville-13

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyers closing on their current homes. 4 with a kick-out clause of 72 hours and 8 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

2021 by the month and 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

May 1088 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 1083 1411 1251

Totals 8951 10048 11040

2020

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

Totals 10420 8797 11505

2019

Month New Closed Contracts accepted

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

September 1164 765 869

Total 12695 7928 9735

Closed single family homes have increased over the last 3 years even though less homes were available to choose from.

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.

Request a home valuation if you are thinking about selling your home. We will let you know what your home is worth in today’s market. A net proceeds will be provided to you 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? The first step is to gather all your financial information and contact a loan officer to get pre approved. Then you will be ready to start looking for a home.

Resources

Types of loans and the process
VA loans and the requirements
Current interest rates
Down payment assistance
IDHA programs

If you need recommendations for loan officers, real estate attorneys or home inspectors we can give you a few to contact so you can decide who you want to work with.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 39. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 37

Posted on September 18, 2021September 18, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 37

Fox Valley real estate market update week 37. New listings of single family homes are down. 202 this week compared to 239 the week before. We are heading in the wrong direction. Buyers are still out there trying to find a home. There is not as many offers as before. Still multiple offers, but not as many.

Closed listings of single family homes was up. 249 this week compared to 205 the week before. This should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 28 $134,900-$469,000

Closed-39 $155,000-$510,000

Batavia-New 3 $284,900-$635,000

Closed-10 $239,900-$690,000

Bolingbrook-New 20 $224,900-$450,000

Closed-16 $100,000-$467,000

Geneva-New 5 $220,000-$889,000

Closed-10$260,000-$510,000

Montgomery-New 4 $225,000-$369,999

Closed-11 $190,000-$390,000

Naperville-New 38 $269,900-$6,990,000

Closed-25 $335,000-$1,409,945

Oswego-New 11 $320,000-$489,900

Closed-12 $280,500-$495,000

Plainfield-New 22 $199,500-$575,000

Closed-38 $181,000-$611,000

St Charles-New 15 $149,500-$1,250,000

Closed-17 $275,000-$995,000

West Chicago-New 6 $240,000-$565,000

Closed-15 $190,000-$555,000

Yorkville-New 12 $249,000-$449,900

Closed-13 $185,000-$490,000

Financing, median prices and 2,000 sf or more

Median list price this week $350,000, last week it was also $350,000.

Closed median price this week $335,000, last week $340,000. So we are starting to see prices stabilizing or coming down a little bit.

Fox Valley Real Estate Market Update Week 37-Stats 091821 — Median list and closed price

Conventional financing chosen this week 183, last week 161.

Cash was chosen this week 21, last week also 21

Fox Valley Real Estate Market Update Week 37-Conventional and Cash 091821 — Conventional and Cash

FHA was chosen this week 39, last week 20.

VA was chosen this week 6, last week 3.

Fox Valley Real Estate Market Update Week 37-FHA and VA 091821 — FHA and VA

People looking for a home that is 2,000 square feet or more this week 136 homes out of 249 with median price of $409,500 and minimum price $218,000. This gives you an idea of the size of home and price range for the area in the Fox Valley.

Fox Valley Real Estate Market Update Week 37-2000 or more square feet — Homes 2,000 SF or more

Contracts accepted this week

Contracts accepted this week on single family homes by seller’s was up. 268 this week compared to 207 the week before. It is still a good time to sell. Buyers are still out there hoping for homes to come on the market.

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

Aurora-45 Batavia-10

Bolingbrook-20 Geneva-11

Montgomery-15 Naperville-42

Oswego-11 Plainfield-36

St Charles-22 Yorkville-11

There 2 short sales accepted by seller’s this week. Both of them were in Aurora. Now they 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. 2 with a kick-out clause of 72 hours and 10 with 48 hours.

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

2021 by the month

Month New Closed Contract accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 645 841 726

Totals 8513 9418 10515

Closed is the most important column to look at. These are actual numbers. September is looking pretty good. We still have almost 2 weeks left of the month.

Check back with us every Saturday to get the market update. At the end of each month we will also look back at 2020 and 2019 to 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.

Request a home valuation if you are thinking about selling. Give us a little information about your home and what you have recently updated. We will let you know what it is worth is today’s market. You will be provided with a net proceeds that shows you the expenses to sell. This will be updated once an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying? Get all your financial information together and contact a loan officer to get pre approved. You need to be ready before you start looking.

Resources:

Let us know what other information you are looking for. We will point you in the right direction. If you need recommendations we will be happy to provide a few to contact when looking for loan officers, real estate attorneys and home inspectors.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 37. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 36

Posted on September 11, 2021September 11, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 36

Fox Valley real estate market update week 36. New listings of single family homes were up. 239 this week compared to 204 the week before. Inventory o f homes continues to be a challenge. Now that school is back in session there was a slow down. Hopefully now things will get back to normal and more listings will come on the market.

Closed listings of single family homes were also down. 205 this week compared to 387 the week before. This is to be expected at the beginning of the month. It will increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 31 $89,900-$485,000

Closed-37 $164,000-$682,500

Batavia-New 12 $170,000-$579,000

Closed-7 $250,000-$415,000

Bolingbrook-New 17 $219,000-$455,000

Closed-19 $240,000-$495,000

Geneva-New 9 $298,000-$600,000

Closed-13 $205,000-$635,500

Montgomery-New 11 $164,900-$329,900

Closed-8 $122,000-$316,000

Naperville-New 46 $249,000-$2,490,000

Closed-28 $280,000-$1,470,000

Oswego-New 12 $255,000-$499,900

Closed-8 $305,000-$675,000

Plainfield-New 26 $219,900-$799,000

Closed-30 $250,000-$575,000

St Charles-New 18 $259,900-$1,895,000

Closed-14 $190,000-$2,400,000

Yorkville-New 11 $259,900-$949,000

Closed-6 $260,000-$340,000

You can see the other communities by clicking on the picture above.

Financing, median price and 2,000 or more square feet

Median list price this week $350,000, last week also $350,000. Closed median price this week $340,000, last week $345,000. This is the second week with a decrease.

Fox Valley Real Estate Market Update Week 36-Stats 091121 — Median list and closed price this week

Out of 205 closed single family homes 161 of them used Conventional financing. 21 of them were Cash.

Fox Valley Real Estate Market Update Week 36-Conventional and Cash 091121 — Conventional and Cash

20 of the closed single family homes chose FHA financing, and 3 chose VA financing.

Fox Valley Real Estate Market Update Week 36-FHA and VA 091121 — FHA and VA financing

127 of them were 2,000 square feet or more this week with a median closed price of $410,000. Minimum closed price was $191,000. So if you are looking for a home with this square feet or more, this is the price range for this week.

Fox Valley Real Estate Market Update Week 36-2000 or more sf 091121 — 2,000 or more square feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 207 this week compared to 251 the week before. buyers are still out there looking but they are having a hard time finding what they are looking for with the inventory so low.

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

Aurora-32 Bolingbrook-13

Montgomery-13 Naperville-34

Oswego-10 Plainfield-28

St Charles-13

There was 1 short sales accepted this week and it was in Warrenville. 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. 2 with a kick-out clause of 72 hours, 7 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. 2 with a kick-out clause of 72 hours and 5 with 48 hours.

2021 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 1288 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 443 592 458

Totals 8311 9229 10247

June was the best month so far for closings. Buyer’s could get moved in and enjoy the summer in their new home. Now would be a good time to get moved in before winter and the holidays. Homes continue to sell all year.

Check back with us every Saturday. At the end of the month we compare this year 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.

Request a home valuation if you are thinking about selling your home. Tell us a little bit 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 a home? The first thing you need to do is get all your financial information together and contact a loan officer. You will need to email or drop off copies of all your financial documents so they can put you through underwriting to get pre approved. Just calling them and telling them your information is not good enough anymore. You need to get pre approved so when you find a home you are ready to submit an offer.

When you start the process of looking at homes, you need to be ready to go look when a home hits the market. If you wait for the weekend it might be gone already.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s, and home inspector’s we would be happy to provide you with a few of each to contact. You can decide who you want to work with.

All data used is from our MLS MRED, LLC.

As we look back on 20 years since 9/11/01, take a moment to reflect on all the lives lost that day. We will never forget!

Fox Valley real estate market update week 36. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Fox Valley Real Estate Market Update Week 35

Posted on September 4, 2021September 4, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update week 35

Fox Valley real estate market update week 35. New listings of single family homes are down. 204 this week compared to 221 the week before. We are not going in the right direction. Things usually slow down when school starts, but then it starts back up again.

Closed listings of single family homes are up. 387 this week compared to 273 the week before. Most of these were probably closed on Monday and Tuesday the last 2 days of the month of August. Most buyers like to close at the end of the month so they can bring less to closings.

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

Aurora-New 22 $169,000-$599,000

Closed-61 $106,000-$705,000

Batavia-New 6 $114,900-$469,900

Closed-12 $229,000-$580,000

Bolingbrook-New 13 $220,000-$614,900

Closed-28 $157,000-$490,000

Geneva-New 7 $285,000-$995,000

Closed-13 $264,500-$465,000

Montgomery-New 12 $214,900-$375,000

Closed-17 $200,000-$365,000

Naperville-New 46 $275,000-$3,600,000

Clsoed-64 $280,000-$2,250,000

Oswego-New 11 $264,900-$675,000

Closed-17 $225,000-$640,000

Plainfield-New 24 $249,000-$599,900

Closed-57 $255,000-$525,000

St Charles-New 18 $159,000-$1,345,000

Closed-27 $187,250-$1,395,000

Yorkville-New 8 $259,900-$589,900

Closed-19 $230,000-$739,900

Financing, median price, and 2,000 or more square feet

Median list price this week $350,000, last week $355,000. Closed median price this week $345,000, last week $355,000. A slight change from the week before. Nothing too drastic.

Fox Valley Real Estate Market update week 35-Stats 090421 — Median prices this week

Homes closed using conventional financing this week 281, last week 199. Closed this week using Cash 34, last week 33. This is out of 387 closed this week. Conventional is still the what most seller’s are looking for.

Fox Valley Real Estate Market Update Week 35- Conventional and Cash 090421 — Conventional and Cash

FHA this week 46, last week 34. VA this week 25, last week 7. It is great to see more of FHA and VA getting accepted and closed. They have really struggled to get through earlier this year. So many of those buyers gave up. So I hope they will start looking again.

Fox Valley Real Estate Market Update Week 35-FHA and VA 090421 — FHA and VA Financing

Out of 387 closed this week 237 of them were 2,000 square feet or more. The median closed price was $420,000 this week, last week it was $423,550. Not much difference there. Minimum closed price was $140,000 this week with list price of $150,000. This gives you an idea of what 2,000 square feet or more costs you here in the Fox Valley area of Illinois.

Fox Valley Real Estate Market Update Week 35-2000 sf or more 090421 — 2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down. 251 this week compared to 286 the week before. The market should pick back up again after the Labor Day weekend.

Fox Valley Real Estate Market Update Week 35-Contacts accepted this week — Contracts accepted this week

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

Aurora-43 Bolingbrook-26

Montgomery-12 Naperville-26

Plainfield-30 St Charles-15

West Chicago-12 Yorkville-16

1 short sale was accepted this week. It was in Plainfield. Now it will be submitted to the lender to see if they will also accept it. Most homeowners that are having trouble paying their mortgage can sell without doing a short sale. The prices have increased enough that most of them can sell and might even get some money at closing to move.

Seller’s have accepted contracts that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s have accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

2021 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 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 204 387 251

Totals 8072 8964 10040

Single family homes have been selling. It has been a good year with a very tight market so far. Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at 2020 and 2019 as well so you can see how things have been 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.

Request a home valuation if you are thinking about selling. Give us a little 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 get with a loan officer and get all your financial information to them so they can get you pre approved. Seller’s today want to see more than just calling up a loan officer and talking to them on the phone, They want to know that the loan officer has seen all your information and ran the credit check and put it through underwriting. It also will make it much faster when you find a home to get the loan approved.

Resources:

If you need recommendations for loan officers, real estate attorneys or home inspectors we can send you a few to contact and you can decide who you want to work with.

Fox Valley real estate market update week 35. Happy Labor Day weekend! Enjoy and be safe.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 6038

630-503-6555 ext 101

How many homes closed 2,000 square feet or more week 34

Posted on August 28, 2021August 28, 2021 by Kristine Heiman, Designated Managing Broker

How many homes closed 2,000 square feet or more week 34

How many homes closed 2,000 square feet or more week 34. This is one way to search homes that you are looking for if you know less than 2,000 square feet will not work for you. We will let you know how this week went shortly.

New listings of single family homes was down this week. 221 this week compared to 256 the week before. So many people are getting the kids in school this past week. It is a big adjustment especially for the kids that did not attend in-person school last year. Hopefully things will settle down and get back to thinking about housing.

Closed listings of single family homes were also down. 273 this week compared to 299 the week before. This is the last full week of the month. Monday and Tuesday the last days of the month. We are back to scheduling things around school. During last year with the pandemic, and kids not attending in-person classes, people were not worrying about the school schedule.

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

Aurora-New 33 $167,500-$690,000

Closed-43 $90,000-$451,500

Bolingbrook-New 17 $195,000-$415,000

Closed-19 $198,000-$544,000

Geneva-New 5 $349,900-$474,000

Closed-11 $295,000-$680,000

Montgomery-New 8 $212,000-$300,000

Closed-10 $217,000-$376,000

Naperville-New 37 $285,000-$1,300,000

Closed-52 $245,000-$1,750,000

Oswego-New 11 $249,000-$549,000

Closed-15 $250,000-$435,900

Plainfield-New 31 $249,000-$774,400

Closed-40 $180,000-$630,000

St Charles-New 13 $265,000-$990,000

Closed-22 $205,000-$990,000

Yorkville-New 12 $219,900-$515,000

Closed-10 $209,000-$430,000

Financing, median price and 2,000 or more square feet

Median list price this week $355,000, same as the week before. Closed median price this week $355,000, last week $359,900. Prices are not changing that much right now.

How many homes closed 2,000 square feet or more week 34-Stats 082821 — Median prices this week

Homes closed using Conventional Financing this week 199, last week 218. Cash homes that closed this week 33, last week 24.

How many homes closed 2,000 square feet or more week 34-Conv and cash 092821 — Conventional and Cash financing

Homes closed using FHA financing this week 34, last week 47. VA financing this week 7, last week 10

Out of 273 homes that closed this week 166 of them were 2,000 square feet or more with a median closed price of $423,550, and list price $419,900. The minimum closed price $207,000 with minimum list price $199,900. This gives you an idea of what 2,000 square feet costs you here in the Fox Valley area of Illinois.

How many homes closed 2,000 square feet or more week 34-2,000 square feet or more 082821 — 2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down. 286 this week compared to 300 the week before. Hopefully after the adjustment of getting back in the routine of school things will go back to normal. The market is not down that much.

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

Aurora-49 Bolingbrook-21

Geneva-10 Montgomery-16

Naperville-35 Oswego-13

Plainfield-46 St Charles-19

Sycamore-10 West Chicago-14

Yorkville-12

No short sales were accepted this week.

Seller’s accepted contracts that are contingent on the buyer to close on their current home. 7 with a kick-out clause of 72 hours, 7 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.

2021 by the month and 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

May 1088 1228 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

Totals 7868 8577 9789

2020

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

Totals 9244 7294 10002

2019

Month

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

More homes have been closed this year than the previous 2 years even with a tighter market. You can see the steady decline in new listings. Normally, August is the best month for closings right before school starts. This year it was June. It has been a really hard year for buyer’s. They have had so much competition for homes and not many to choose from. Prices have gone up so much that some have been priced out of the market. We hope inventory will improve.

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 before the holidays? Request a home valuation and tell us a little bit about your home and what improvements have been recently 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.

Do you want to buy a home this year? You need to contact a loan office that is willing to pre approve you before you find the home. You need to get them all your financial information. Pre-qualifying just is not enough anymore. You need to be ready to go with a letter in hand to go with an offer. A seller will not consider you without it. You might also need to show proof of funds. You can have your financial institution write a letter showing you do have the funds available for the down payment and closing costs. That might even improve your chances if there is multiple offers.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s or home inspector’s we can give you a few of each and you can decide who you want to work with.

How many homes closed 2,000 square feet or more week 34. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

How many homes closed 2,000 square feet or more week 33

Posted on August 21, 2021August 21, 2021 by Kristine Heiman, Designated Managing Broker

How many homes closed 2,000 square feet or more week 33

How many homes closed 2,000 square feet or more week 33. So many people are looking for more space. Can they find it in the price range they are looking for? We will get into that shortly.

New listings of single family homes were pretty consistent with the week before. 256 this week compared to 251 the week before. We would love to see more, but consistency is good.

Closed single family homes this week were also, not far off of last week. 299 this week compared to 291 the week before. Next week is the last full week of the month so they should increase.

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

Aurora-New 46 $145,000-$770,000

Closed-62 $139,000-$595,000

Bolingbrook-New 16 $249,000-$899,000

Closed-23 $175,000-$511,000

Geneva-New 9 $268,900-$1,200,000

Closed-12 $284,000-$766,337

Naperville-New 42 $250,000-$1,625,000

Closed-55 $350,000-$2,400,000

Oswego-New 16 $299,999-$449,990

Closed-12 $211,000-$440,000

Plainfield-New 44 $224,900-$900,000

Closed-34 $196,000-$555,000

St Charles-New 17 $209,900-$1,895,000

Closed-26 $175,000-$915,000

West Chicago-New 10 $295,000-$664,900

Closed-7 $239,000-$492,000

Financing, median list and closed price, 2,000 square feet or more closed this week

Median list price this week $355,000, last week $361,470. Median closed price $359,900, last week $375,000. These numbers go up and down each week, but they do not change drastically.

How many homes closed 2,000 square feet or more week 33- Stats 082121 — Stats for August 21, 2021

Homes that closed using Conventional this week 218, last week 221. Cash this week 24, last week 33.

How many homes closed 2,000 square feet or more week 33-Conventional and cash — Conventional and Cash

Closed homes using FHA financing this week 47, last week 26. VA this week 10, last week 9.

How many homes closed 2,000 square feet or more week 33-FHA and VA — FHA and VA financing

Seller’s are still choosing Conventional financing over anything else. I am encouraged to see FHA numbers going up. Some buyer’s that have to go FHA have given up. They are tired of losing out to buyer’s using Conventional financing with multiple offer situations.

Out of 299 homes that closed this week 191 of them were 2,000 square feet or more. Median list price is $425,000, closed price is $420,000. Minimum list price $220,000, closed price $242,000. So many people are looking for more space since the pandemic. This gives you an idea of what price that will cost you. If you are below this price it will be hard to find. You might need to adjust the criteria for the home you are looking for.

How many homes closed 2,000 square feet or more week 33-2000 sf 082121 — 2,000 square feet or more

Contracts accepted this week

Contracts accepted this week on single family home were consistent. 300 this week compared to 303 the week before. The market is staying steady. There might not be as many offers with multiple offer situations, but buyer’s are still out there looking.

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

Aurora-51 Batavia-10

Bolingbrook-24 Montgomery-13

Naperville-33 Oswego-10

Plainfield-37 St Charles-26

Sycamore-10 West Chicago-11

Winfield-14 Yorkville-11

There were no short sales accepted by seller’s this week. Most people that are in a bind, and need to sell do not have to go through the short sale process with the prices that have increased.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 5 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. 2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

There was 1 that did not have a kick-out clause that they marked. So we don’t know about that one.

2021 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 1450 1686 1671

July 1118 1182 1210

August 887 930 884

Totals 7646 8304 9503

We started out the year with closings from 2020. They received a contract in 2020 but did not close until 2021. That is why the closed column is more than the new listings. You can see it has been a really tight market. Normally you would see more new listings than closings.

It still remains a seller’s market. There might be fewer offers with multiple offer situations, but there are still a lot of buyer’s out there ready to go.

There has been an extreme shortage of housing across the country. Some new homes have been built in our area that have helped.

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.

Request a home valuation if you are thinking about selling your home. 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.

Are you thinking about buying a home? You need to get ready first by contacting a loan officer and getting them all your financial information. You need to get pre approved with this market. Just calling and talking to a loan officer to get pre-qualified is not enough anymore. You need to show the seller’s that you have taken this extra step.

Resources:

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

All data used is from our MLS that we use MRED, LLC.

How many homes closed 2,000 square feet or more week 33. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, Il 60538

630-503-6555 ext 101

How many VA deals closed in week 32

Posted on August 14, 2021August 14, 2021 by Kristine Heiman, Designated Managing Broker

How many VA deals closed in week 32

How many VA deals closed in week 32? Shortly we will break it down for you what types of financing was chosen most this week. There are many veterans that live in the Fox Valley area. We do not know how many VA offers were not accepted, but we do know how many closed this week.

First we will talk about new listings for the week. New listings were down. 251 this week compared to 264 the week before. This is making a low inventory situation even worse.

Closed listings were also down. 291 this week compared to 340 the week before. This will increase as we get closer to the end of the month.

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

Aurora-New 35 $140,000-$599,900

Closed-37 $97,000-$711,711

Batavia-New 7 $235,000-$650,000

Closed-15 $185,100-$679,000

Bolingbrook-New 23 $200,000-$507,174

Closed-21 $205,000-$488,000

Geneva-New 11 $235,000-$1,295,000

Closed-19 $256,000-$1,995,000

Naperville-New 37 $299,900-$2,195,000

Closed-52 $290,000-$2,225,000

Oswego-New 8 $289,900-$544,900

Closed-11 $270,000-$522,000

Plainfield-New 41 $255,000-$899,900

Closed-37 $225,000-$790,000

St Charles-New 20 $275,000-$1,275,000

Closed-32 $253,000-$1,250,000

West Chicago-New 10 $214,000-$1,075,000

Closed-6 $253,000-$559,000

Financing, median list and closed price

Median list price this week $361,470, and last week $350,000.

Median closed price this week $375,000, and last week $365,000.

The median list and closed prices have been fluctuating up and down, but basically staying in the same range.

Conventional deals that closed this week 221, and last week 248.

Cash deals that closed this week 33, and last week 39.

How many VA deals closed in week 32-Conv and Cash 081421 — Conventional and Cash

FHA deals that closed this week 26, and last week 41.

VA deals that closed this week 9, and last week 12.

How many VA deals closed in week 32-FHA and VA 081421 — FHA and VA

Totals were down in each one. We do not know how many VA loan offers are not getting accepted, but the trend you can see is seller’s are accepting more Conventional loans then anything else. Hopefully, it is not that agents are shying away from VA loans because they think they will be hard or take longer to close. If a home is in good condition there should be no problem with getting a VA loan approved. Using a lender that is familiar with the process is very important.

Contracts accepted this week

Contracts accepted this week were up. 303 this week compared to 281 the week before.

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

Aurora-56 Batavia-10

Bolingbrook-24 Montgomery-15

Naperville-37 Oswego-13

Plainfield-41 St Charles-24

West Chicago-16 Yorkville-19

No short sales were accepted by seller’s this week.

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 4 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.

2021 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 1450 1686 1671

July 1118 1182 1210

August 515 631 584

Totals 7274 8005 9203

We started out the year ahead with closed homes. Deals that were accepted in 2020 that closed in the beginning of the year. There is usually a gap between new and closed, but not this year.

It continues to be a seller’s market. We are still seeing multiple offers, but it is not as intense. We are starting to see price reductions on some of the higher priced homes.

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.

Request a home valuation

if you are thinking about selling your home. Give us some information about what has been recently updated. We will provide you with a net proceeds that shows you the 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 will want to find a loan officer that will put you through the process to get pre approved. Getting pre-qualified just is not enough anymore when you are going to be up against multiple offers. Seller’s will be confident in accepting an offer with a pre approval before they accept an offer with a buyer that has not gone through the process.

Resources:

We can make recommendations of loan officers, real estate attorneys and home inspectors that we have successfully used in the post. You can decide who you would like to work with.

How many VA deals closed in week 32. We hope more agents will get informed about VA loans so they will be more confident in accepting a VA offer. Our veterans deserve to be able to use their benefits.

Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101