Fox Valley Real Estate Market Update Week 38

Fox Valley Real Estate Market Update Week 38-Cover

Fox Valley real estate market update week 38.  New listings of single family homes were up.  233 this week compared to 202 the week before.  Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down.  232 this week compared to 249 the week before.  The last week of the month ends next Thursday.  They should increase next week.

Fox Valley Real Estate Market Update Week 38

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

Aurora-New 44 $95,000-$495,000

            Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

             Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

                   Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

            Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

                 Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

             Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

                Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

                  Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

               Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct.  You don’t see that very often.

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

Median list price of single family homes this week was $350,000, last week $349,900.  

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521
Median list and closed price

Prices and not changing that much.  They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting.  163 closed this week compared to 183 the week before.

Cash is king but not offered as much.  25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash
Conventional and Cash

FHA financing is not getting accepted by seller’s as much.  37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA
FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000.  This gives you an idea of size of homes closed in the Fox Valley area and prices.  This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more
2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up.  277 this week compared to 268 the week before.  It all depends on what is listed throughout the week and what location.  Buyer’s are waiting on new listings to come on the market.

Fox Valley Real Estate Market Update Week 38-Contracts accepted this week

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

Aurora-47                        Bolingbrook-22

Geneva-13                        Montgomery-14

Naperville-43                   Oswego-17

Plainfield-39                     Yorkville-19

2 short sales were accepted by seller’s this week.  1 each in Naperville and Plainfield.  Now they will be submitted to the lender to see if they will also accept.  Most people that are struggling with making their payments don’t have to go the short sale route.  Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

Seller’s accepted contracts that are contingent on the the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 3 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. 1 each with a kick-out clause of 72, 48 and 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     878            1073                 1003

Totals       8746       9710          10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year..  Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved.  They go back on the market and receive another contract. 

You can see how tight the market is.  Prices will keep on increasing until inventory exceeds buyer demand.

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.  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?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking.  They will give you a letter showing what you are pre approved for that will go with an offer when you find a home.  This needs to be 30 days old or less.  If it is more than that you will need them to update it.

Resources:

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

It has been a crazy market throughout this pandemic.  People have not stopped the need for a home.  In most cases it has made it more important.

Fox Valley real estate market update week 38.  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 38-Kristine Heiman Managing Broker

Market update Fox Valley week 49

Market update Fox Valley week 49Market update Fox Valley week 49.  New listings of single family homes are up 42.86%.  130 this week compared to 91 the week before that was Thanksgiving week.  Holidays can make a big difference.

Closed listings of single family homes were up 52.33%.  294 this week compared to 193 the week before.  When you have a holiday at the end of the month some of the closings get pushed back to beginning of the next month.  It is hard to get them all in in 3 days.

We are heading into the final weeks of the year.  Most of the sales now will most likely close in the new year unless it is a cash sale.

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

Aurora-New 18 $129,900-$459,000

            Closed-43 $120,000-$449,000

Bolingbrook-New 16 $209,900-$450,990

                     Closed-21 $164,000-$560,000

Geneva-New 3 $410,000-$958,900

             Closed-12 $337,000-$815,000

Montgomery-New 3 $270,000-$335,000

                      Closed-11 $186,000-$351,000

Naperville-New 27 $288,050-$1,298,700

                 Closed-48 $270,000-$1,950,000

Oswego-New 6 $199,900-$389,900

              Closed-11 $190,000-$429,365

Plainfield-New 10 $185,873-$999,800

                Closed-27 $231,500-$389,000

St Charles/Campton Hills-

                 New 11 $250,000-$824,900

                 Closed-28 $186,000-$1,400,000

West Chicago-New 6 $214,900-$339,900

                       Closed-12 $162,000-$550,000

Yorkville-New 9 $235,000-$429,900

              Closed-15 $193,000-$359,000

Contracts accepted this week

Market update Fox Valley week 49-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted this week were down 5.08%.  187 this week compared to 197 the week before.  Not too bad when the week before we were way down in new listings.  Not a lot of choices for the amount of buyers that are out there.  We are still seeing multiple offers.

You need to have a good strategy in place right now if you are a buyer.  You need to be ready to go look and not hesitate to write an offer.

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

Aurora-28                                      Bolingbrook-17

Naperville-23                                 Plainfield-31

St Charles/Campton Hills-17

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

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

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

2020 by the month

Month                        New      Closed     Contracts accepted

January                   1105         566              858

February                 1267         529            1024

March                     1186         707            1079

April                          648         786              775

May                         1352      1010            1444

June                         1232        908            1534

July                          1417      1453            1852

August                     1037      1335            1436

September               1176      1503            1503

October                     843      1116             1159

November                 567        985                699

December                 130        294                187

Totals                   11960    11192           13550

The closed column is the most important one.  These numbers show you what actually happened.  New listings and contracts accepted columns are inflated with homes that could of been relisted as new or received a contract and did not go through and then received another contract.

September so far is the best month for closed homes.  Usually it drops off a little after school starts but not this year.  It is still a sellers market.  There are more buyers than homes for sale.  This has caused prices to rise.  Interest rates are still fantastic!

Some people don’t realize how good the market is right now.  They think because of the pandemic the market is not moving but it sure is.

Contact us

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

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

Are you thinking about buying a home?  Your first step is to get a couple of years tax returns, pay stubs, bank statements and any other thing that you pay monthly like credit cards or car payments together.  Call a loan officer to get prequalified.  They will provide you with a letter showing the type of loan and the price that will work out best for you.  When you find a home we will need to send this with an offer to show sellers that you qualify.

Check out some great resources:

If you need any other information let us know and we will point you in the right direction.  Do you need recommendations for real estate attorneys, home inspectors or information on radon?  Let us know and we will provide you with people that we have worked with before or we can send you pamphlets on the information that you are looking for.

Market update Fox Valley week 49.  Have a great week!

Market update Fox Valley week 49Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley week 25

Market update Fox Valley week 25
Single Family Homes

 

 

 

 

 

 

 

 

 

Market update Fox Valley week 25.  The best way to describe the market this week is consistent all around. 308 new listings of single family homes compared to 303 the week before.

209 closed listings this week compared to 212 the week before.  We like consistency!

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

Aurora-New 44 $89,900-$449,000

            Closed-33 $85,000-$460,000

Bolingbrook-New 23 $204,900-$599,900

                     Closed-14 $170,000-$495,000

Geneva-New 22 $239,900-$1,144,000

             Closed-13 $203,000-$1,170,000

Naperville-New 66 $279,000-$1,900,000

                 Closed-46 $225,000-$1,100,000

Oswego-New 10 $186,900-$649,900

Plainfield- New 36 $100,000-$719,000

                 Closed-31 $181,000-$525,000

St Charles/Campton Hills-

                New-21 $289,900-$1,299,000

                Closed-11 $115,000-$415,000

Sugar Grove-New 10 $269,900-$628,000

                     Closed-2 $300,000-$312,000

Yorkville-New 11 $115,000-$574,900

              Closed-3 $252,500-$319,900

Contracts accepted this week

Market update Fox Valley week 25-Contracts accepted this week
Single Family Homes

 

 

 

 

 

 

 

 

 

 

Contracts accepted this week were also consistent.  401 single family homes accepted this week compared to 390 the week before.  These numbers would be higher if there were more homes on the market.  There just never seems to be enough.

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

Aurora-50                             Batavia-15

Bolingbrook-25                     Geneva-21

Montgomery-12                    Naperville-70

North Aurora-12                   Oswego-24

Plainfield-56                         St Charles/Campton Hills-36

West Chicago-12                   Yorkville-13

2 short sales were accepted this week by seller’s.  1 each in Aurora and Bolingbrook.  Now they will be submitted to the lender to see if they will also accpet.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  23 with a kick-out clause of 72 hours, 16 with 48 hours and 5 with 24 hours.

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

There is confidence in the market when seller’s accept contracts that are contingent on more than financing.

2020 by the month

Month                             New   Closed   Contracts accepted

January                       1,105      566              858

February                     1,267      529           1,024

March                        1,186       707           1,079

April                             648       786               775

May                           1,352    1,010           1,444

June                              937       660           1,151

May so far is the best month for all 3 new, closed and contracts accepted.  June looks like it is going well but we will see if it turns out to be as good as May.  April was the only blip on activity so far during this pandemic.  Next Saturday is the last full week of  June so we will compare the previous 2 years so you can see how things are going compared to 2019 and 2018.

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 your home this year?  It is a fantastic time to sell.  Buyers are eagerly waiting for new homes to come on the market.  I think this pandemic showed buyers the need for a home especially one with more space and a nice sized yard.

If you are thinking about buying a home you need to call a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you.  Let us know if you need recommendations.

Check out some great resources:

Market update Fox Valley week 25.  Have a great week!

Market update Fox Valley week 25
Kristine Heiman, Designated Managing Broker

 

 

 

 

 

 

 

 

 

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

 

Market update Fox Valley May 30 2020

Market update Fox Valley May 30 2020
Single Family Homes

 

 

 

 

 

Market update Fox Valley May 30 2020.  New listings of single family homes were down 11% this week.  250 this week compared to 281 the week before.  This definitely does not help with the low inventory.  We need new listings.
Closed listings of single family homes were up 11 1/2% this week.  The end of the month is usually higher than earlier in the month.  Most buyers like to close at the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 35 $114,900-$569,000
            Closed-23 $140,007-$760,000
Batavia-New 14 $225,000-$589,000
             Closed-3 $205,000-$850,000
Bolingbrook-New 11 $193,000-$315,000
                     Closed-14 $170,000-$580,000
Elburn-New 10 $309,900-$434,500
            Closed-3 $175,000-$383,000
Geneva-New 12 $285,000-$525,000
             Closed-12 $225,000-$450,000
Naperville-New 49 $155,000-$5,400,000
                 Closed-40 $305,000-$1,435,000
Oswego-New 10 $264,900-$474,900
              Closed-13 $149,900-$471,500
Plainfield-New 27 $210,000-$1,100,000
                Closed-22 $140,000-$526,000
St Charles/Campton Hills-
               New 24 $123,900-$824,900
               Closed-23 $209,900-$725,000
Yorkville-New 5 $243,900-$399,600
              Closed-10 $185,000-$365,000

Contracts accepted this week

Market update Fox Valley May 30 2020-Contracts accepted this week
Single Family Homes

 

 

 

 

Contacts accepted this week of single family homes were identical to the week before.  320 both weeks.  Spring market is continuing with a lot of activity.  Homes are selling fast if they are in good condition and priced right.  It is a great time to sell.
Look at the communities that sellers accepted the most contracts:
Aurora-42                                  Batavia-10
Bolingbrook-19                          Montgomery-15
Naperville-47                             Oswego-19
Plainfield-43                              St Charles/Campton Hills-25
Sugar Grove-11                         West Chicago-17
3 short sales were accepted by sellers this week.  1 each in Bolingbrook, Naperville and West Chicago.  Now they will be submitted to the lender to see if they will also accept.
Sellers accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 22 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.  6 with a kick-out clause of 72 hours and 5 with 48 hours.
This is a good sign sellers are confident in the market.  Back after the market drop in 2010 it took many years for sellers to accept a contract with a contingency of a sale of buyers home.

2020 by the month market update

Month                           New   Closed   Contracts accepted

January                     1,105      566              858

February                   1,267      529           1,024

March                       1,186      707           1,079

April                            648      786               775

May                          1,352   1,010           1,444

Totals                        5,558   3,598           5,180

2019

January                       878       407              568

February                  1,032       463              832

March                      1,731       915          1,375

April                        1,594       792          1,307

May                         1,645       995          1,280

Totals                       6,880    3,572          5,362

2018

January                      808        482             606

February                 1,040        444             856

March                     1,549        907          1,564

April                       1,515        836          1,278

May                        1,569     1,066          1,344

Totals                      6,481     3,735          4,304

2018 was the best year out of the 3 for closed homes which is the most important number but we are ahead of 2019 so far this year.

Contact us

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

Selling a home

We are now in phase 3 of Restore Illinois during Covid-19 pandemic.  You can click on the link in yellow to see some of the guidelines on how we do business during this time.  We have been classified as essential.

If you are thinking about selling during this time the market is busy.  You will be directing us on how you want to do business.   Do you want to allow in-person showings or do you want virtual showings only.  If you do allow showings how do you want them to do that.  Wear shoe coverings, wipe down everything they touch, limit how many people enter the home and wear face covering.  You will decide what you will allow. 

We will talk to you on the phone or we can do video meetings to go over everything.  Update the value on your home in today’s market and provide you with a net proceeds that shows you the expenses to sell.  This will be update when have an offer come in and we know all the terms.

Buying a home

If you are wanting to buy a home you will need to get pre-qualified with a loan officer.  We can make recommendations if you do not know who to call.  They will provide you with a letter that states what type of loan will work out best for you and the price that you qualify for.  This will go with an offer when we find the home you like.

Check out some great resources:

Market update Fox Valley May 30 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley May 30 2020 Kristine
Kristine Heiman, Designate Managing Broker

 

 

Market update Fox Valley April 18 2020

Market update Fox Valley April 18 2020
Single Family Homes

Market update Fox Valley April 18 2020.  New listings were slightly higher this week.  178 new listings of single family homes compared to 168 the week before.  We are heading in the right direction slowly.  This should increase as more people get used to our new normal way of doing things.  Sellers might even like this market better because I think it has slowed down the showings that are not seriously looking for your type of home.

Closed listings were consistent this week.  182 closing on single family homes this week compared to 180 the week before.  You can’t get more consistent than that.  They should go up as we head into the end of the month when most buyers like to close.

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

Aurora-New 19 $149,000-$924,900

            Closed-25 $90,000-$580,000

Bolingbrook-New 9 $168,108-$445,000

                     Closed-16 $163,000-$435,000

Geneva-New 10 $207,000-$437,500

             Closed-12 $232,500-$622,000

Naperville-New 47 $275,000-$2,250,000

                 Closed-39 $170,000-$1,099,000

Oswego-New 11 $199,000-$515,000

              Closed-7 $162,900-$364,900

Plainfield-New 20 $243,500-$730,000

                Closed-26 $154,000-$540,500

St Charles/Campton Hills-

                New 11 $234,900-$744,900

                Closed-13 $248,000-$555,000

Contract accepted this week

Market update Fox Valley April 18 2020-Contracts accepted this week
Single Family Homes

Contracts accepted by sellers this week were just under 8% higher this week.  190 contracts accepted compared to 176 the week before.  This is also going in the right direction.  We hope to see this continue.

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

Aurora-26                                     Bolingbrook-21

Montgomery-10                            Naperville-28

Oswego-16                                   Plainfield-31

St Charles/Campton Hills-11

Some homes are allowing showings and others are by virtual tour.

2020 by the month

Month                                 New   Closed    Contracts accepted

January                            1105      566               858

February                          1267      529             1024

March                              1186      707             1079

April                                  440      608                538

At the end of the month check back with us and we will compare to last 2 years so you can see the changes.

Contact us

Call us at 630-503-6555 ext 101 with all of your real estate questions.  Your goal is our goal. 

Covid-19 has changed the way we do business.  There are so many reasons people need to buy and sell a home that is why they have classified us as an “essential business.”  Some homeowners are allowing showings and others are not.  Some want virtual showings only.  Your needs are what is important to us.

We can do video meetings and you can show us around your home so we can do a market analysis to update the value of your home.  We will provide a net proceeds that shows the expenses of selling your home so you have an idea where you are at.  This will be updated when an offer comes and we know all the terms.

Are you looking to buy a home?  You need to get pre-qualifed with a loan officer.  It is even more important now to see what type of loan and the price range you need to be in.  Things are changing with some lenders.  They will keep you up to date with all changes.

Check out some great resources:

Home inspections and closings are a little different right now.  You used to be able to go in with the home inspector so they coud show you how to maintain the home while they go through.  Now just the home inspector goes in.  They will still give you a report and can go over things with you.

Closings are done differently with each title company.  We can let you know once a title company is chosen how they are doing things.

Market update Fox Valley April 18 2020.  Have a great week!  Stay safe and healthy while we go through this health event.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

We are working remotely at this time.  You can reach us anytime though.

630-503-6555 ext 101

Market update Fox Valley April 11 2020

Market update Fox Valley April 11 2020
Single Family Homes

Market update Fox Valley April 11 2020. New listings went down a little over 13% this week in the Fox Valley.  168 new single family home listings this week compared to 194 the week before.  This is not the normal direction for this time of year.  These are not normal times.  We will keep an eye on this and continue to report to you as time goes on. 

Closed listings were also down almost 27%.  This is the beginning of the month when the numbers are usually lower anyway.  We will see how things go getting towards 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 20 $65,000-$415,000

            Closed-22 $95,000-$443,000

Bolingbrook-New 10 $174,900-$429,900

                     Closed-11 $143,000-$387,500

Geneva-New 7 $309,900-$635,000

             Closed-12 $108,000-$530,000

Naperville-New 34 $239,900-$2,079,000

                 Closed-37 $240,000-$890,000

Plainfield-New 26 $224,900-$599,000

                Closed-31 $159,000-$705,000

Plano-New 11 $144,900-$230,990

          Clsoed-1 $238,655

St Charles/Campton Hills-

           New-10 $175,000-$1,395,000

           Closed-13 $202,000-$825,000

Yorkville-New 4 $224,500-$305,000

              Closed-12 $141,000-$395,000

Contracts accepted this week

Market update Fox Valley April 11 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were very consistent.  176 single family homes accepted by sellers this week compared to 172 the week before.  Homes are still selling even during this pandemic.

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

Aurora-22                                     Bolingbrook-10

Naperville-33                                Plainfield-23

St Charles/Campton Hills-18        Yorkville-11

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

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

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month                            New   Closed    Contracts accepted

January                        1105     566             858

February                      1267     529           1024

March                          1186     707           1079

April                               362    426              348

At the end of the month I will compare it to the last couple of years so you can see the difference.

New process during the pandemic

The Governor has ordered a “stay-at-home” during this pandemic until April 30th.  We will let you know if this gets extended.  We are classified as “essential services” during this time.  It is not business as usual.  We are not allowed to do Open Houses during this time.  We are encouraging virtual showings also.  Some homes are still allowing showings.  It is a good time to drive by and see if the setting is something you would like and to look at photos to see if the home might fit your needs.  If after a virtual showing you think this might be the one we will try to set up a physical showing.

Home inspections are now done by the inspector and they will give you a report.  They will be the only ones going in.

Talk to your loan officer to see how they are having you start the loan process.  They will also update you on any changes in the market.

Some title companies are still having you come to closing and others are doing curbside closings.   They have the sellers sign documents ahead of time and only the buyer signs the day of closing.  We are not to be there.  Only the people that need to sign and attorneys are welcome.

We know that you might have a lot of questions during this time.  We would be happy to do a video meeting with you to go over everything and answer your questions whether you are wanting to sell a home or buy a home.  You can also call or email us.  We want to communicate with you the way it works out best for you.

Contact us

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

If you are wanting to sell a home let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell your home.  This will be updated when an offer comes in.

If you are wanting to buy a home you need to contact a loan officer to get pre-approved.  They will give you a letter showing what you qualify for and the type of loan that will work out best for you. This will go with an offer when you find the right home.

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

Check our some great resources:

Market update Fox Valley April 11 2020.  Happy Easter and a wonderful week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

 

 

 

Market update Fox Valley-March 7 2020

Market update Fox Valley-March 7 2020
Single Family Homes

Market update Fox Valley-March 7 2020.  New listings of single family homes were up 22% this week.  377 this week compared to 309 the week before.  Spring market is in full swing so don’t wait!  Now is the time to get your home on the market.

Closed listings were down about 17% this week.  171 this week compared to 208 the week before.  That is the difference between the beginning of the month and the end of the month.  These numbers will increase as we get towards the end of the month.

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

Aurora-New 39 $89,900-$924,900

            Closed-37 $105,000-$489,900

Batavia-New 16 $222,000-$565,000

             Closed-4 $270,000-$510,000

Bolingbrook-New 25 $169,900-$750,000

                     Closed-13 $130,000-$407,500

Geneva-New 14 $249,000-$719,000

             Closed-3 $330,000-$455,000

Montgomery-New 10 $179,000-$294,900

                     Closed-6 $185,000-$289,900

Naperville-New 77 $199,900-$2,850,000

                 Closed-22 $289,900-$1,135,000

Oswego-New 20 $185,000-$677,000

              Closed-11 $231,000-$315,000

Plainfield-New 41 $149,900-$1,200,000

                Closed-20 $125,000-$529,000

Plano-New 10 $147,500-$399,900

          Closed-2 $195,000-$319,000

St Charles/Campton Hills-

          New-32 $159,000-$1,279,000

          Closed-11 $210,000-$650,000

West Chicago-New 15 $187,900-$539,900

                      Closed-6 $147,184-$395,000

Yorkville-New 20 $144,900-$524,900

              Closed-9 $205,000-$520,000

Contracts accepted this week

Market update Fox Valley-March 7 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were down about 11%.  267 this week compared to 303 the week before.  We are having gorgeous weather this weekend going into next week so these numbers should go up next week.  Also, there is a bigger range of priced homes that were listed this week.  That will help a wider range of buyers to find a home.

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

Aurora-3                                  Batavia-1

Bolingbrook-17                       Geneva-17

Montgomery-10                      Naperville-45

Oswego-16                              Plainfield-39

St Charles/Campton Hills-20

4 short sales were accepted by sellers this week.  1 each in Batavia, Bolingbrook, Plano and Yorkville.  Now they will be submitted to the lender to see if they will also accept.  We are happy that short sales remain low.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home.  8 with a kick-out clause of 72 hours, 9 with 48 hours and 3 with 24 hours.

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

2020 by the month

Month                         New     Closed     Contracts accepted

January                    1105        566              858

February                  1267        529            1024

March                        377        171              267

At the end of the month I will compare it to the last few years so you can see how the market changes from year to 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 goals.

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

Thinking about buying a home this year?  Your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you.  If you need recommendations we would be happy to give you a few loan officers to contact to see who you want to work with.

Check out some great resources:

If there is other information you are looking for just let us know and we will try to point you in the right direction.  Spring market is a very exciting time of year.  You need to be available and ready to go when a home comes on the market so you don’t miss out on it.  So get your taxes done and keep all your information in a folder so it is ready if you need it.

Market update Fox Valley-March 7 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley-February 29 2020

Market update Fox Valley-February 29 2020
Single Family Homes

New listings are slightly down this week.  309 this week of single family homes compared to 318 the week before.  Not too bad but it is going in the wrong direction.  We need new listings.  Spring market is here so get your property market ready and let’s get it on the market.

Closed listings are up 87% from the week before.  208 closed listings of single family homes compared to 111 the week before.  It is the end of the month.  This is a dramatic way to show you the difference.  Buyers want to close at the end of the month so they bring less interest to closing.  They want to come into closing with the least amount of money to close.

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

Aurora-New 28 $100,000-$574,900

            Closed-31 $80,000-$398,000

Batavia-New 14 $230,000-$729,900

             Closed-10 $219,900-$628,424

Bolingbrook-New 19 $199,000-$789,000

                     Closed-25 $97,500-$412,500

Geneva-New 10 $235,000-$1,120,000

Naperville-New 73 $289,000-$1,899,000

                 Closed-28 $272,000-$1,399,888

Oswego-New 23 $184,900-$449,900

              Closed-15 $192,000-$375,000

Plainfield-New 29 $210,000-$549,900

                Closed-27 $139,650-$455,000

St Charles/Campton Hills-

                New 28 $199,900-$1,150,000

                Closed-20 $67,500-$689,653

Yorkville-New 20 $200,000-$614,900

              Closed-10 $169,050-$446,500

Contracts accepted this week

Market update Fox Valley-February 29 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up just under 10%.  303 accepted single family homes this week compared to 276 the week before.  This is good news and if the new listings of single family homes continue to come on the market this will continue to go up.  We still are dealing with an inventory problem.  There is not enough homes on the market for the buyers that are wanting to find a home.

Look at the communities that sellers accepted the most contracts:

Aurora-42                             Bolingbrook-18

Geneva-16                            Montgomery-21

Naperville-48                        Oswego-15

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

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

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

Also sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

2020 activity by the month and look back at 2019 and 2018

Month                        New     Closed      Contracts accepted

January                    1105       566               858

February                  1267       529             1024

Now take a look back to 2019

January                     878        407               568

February                 1032        463               832

Take a look at 2018

January                     808        489               606

February                 1040        444               856

We are headed in the right direction.

Contact us

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

Spring is here already so don’t wait to put your home on the market.  You don’t want to miss the busiest time of the year.  Let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows you the estimated expenses to sell so you will have an idea of what kind of equity you have to work with.  This will be updated when an offer comes in and we know all the terms so you will be able to make a good decision.

Thinking about buying a home this year?  After you have talked to a loan officer and pre-qualifed let us know the price range and type of loan that will work out best for you and we will help you find the home that meets your goals.  Let us know the vision of the home that you are looking for and what towns you would like to look.  You need to be ready to go when a listing comes up so you don’t miss out.

Check out some great resources:

Let us know if there is other information you are looking for.  We are happy to point you in the right direction.  If you need recommendations for real estate attorneys or home inspectors once you find a home or you get a contract accepted on your home we can give you a few to contact so you can make the decision who to work with.

Market update Fox Valley-February 29 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

Market update Fox Valley-February 22 2020

Market update Fox Valley-February 22 2020
Single Family Homes

Market update Fox Valley-February 22 2020.  New listings of single family homes increased just under 8% this week.  318 new listings this week compared to 295 the week before.  We are headed in the right direction.  Buyers it is time to get busy and closely look at the new listings that are coming up and see them right away.

Closed listings were slightly down this week.  111 this week compared to 117 the week before.  One more full week left to the month and I am not sure we will get to the numbers of closings that we had in January.  March will be much different.  There were 858 contracts accepted in January that most of them will be closing in March so we will see these numbers go way up.

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

Aurora-New 35 $114,500-$614,900

            Closed-9 $93,000-$470,000

Batavia-New 17 $207,500-$799,000

             Closed-5 $225,000-$827,500

Bolingbrook-New 21 $149,900-$409,000

                     Closed-9 $233,500-$425,000

Geneva-New 11 $345,000-$797,900

             Closed-9 $115,000-$372,000

Montgomery-New 12 $175,000-$359,020

                     Closed-7 $132,750-$282,500

Naperville-New 65 $300,000-$1,250,000

                Closed-21 $259,900-$1,250,000

Plainfield-New 46 $159,900-$649,000

               Closed-10 $222,000-$450,000

St Charles/Campton Hills-

               New-22 $249,900-$1,399,000

               Closed-8 $235,000-$550,000

Yorkville-New 17 $239,500-$725,000

              Closed-5 $220,000-$388,000

Contracts accepted this week

Market update Fox Valley-February 22 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were almost 16 1/2 % up this week.  276 single family homes accepted this week compared to 237 the week before.  Buyers are ready to go sellers!  It is time right now to get your home on the market.

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

Aurora-31                          Batavia-12

Bolingbrook-20                  Geneva-14

Minooka-10                        Montgomery-10

Naperville-37                      Oswego-11

Plainfield-45                       St Charles/Campton Hills-22

Sugar Grove-10                  Yorkville-14

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

Sellers also accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 with 48 hours and 4 with 24 hours.

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

2020 by the month

Month                         New     Closed     Contracts accepted

January                     1105       566               858

February                     958        321               721

We have one more full week left in February.  We will pass up the January totals for New listings and Contracts accepted but I am not sure about closed listings.

Contact us

Call us at 630-503-6555 ext 101.  Your goal is our goal.  We will do everything we can to help you reach your goal.

Now is the time to get busy getting your home market ready.  Spring market is here. Let us update the value of your home in today’s market.  We will provide you with a net proceeds that gives you an estimate of expenses to sell and shows you about how much you will have to invest in another home.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you will need to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you.  If you need recommendations we will provide you with a few to contact so you can decide who you would like to work with.

Check out some great resources:

Market update Fox Valley-February 22 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

Market update Fox Valley February 1 2020

Market update Fox Valley February 1 2020
Single Family Homes

Market update Fox Valley February 1 2020.  New listings of single family homes this week were slightly down.  246 this week compared to 256 the week before.  Only 10 listings off.  That is not too bad.

Closed listing of single family homes was up this week.  125 this week compared to 107 the week before. Not too bad for January.  The weather has been mild both in December and January.  That really makes a difference.  We hope the mild winter will continue.

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

Aurora-New 30 $114,500-$499,500

            Closed-17 $65,000-$337,650

Batavia-New 12 $275,000-$735,000

             Closed-3 $265,000-$484,000

Bolingbrook-New 11 $194,900-$449,900

                    Closed-7 $212,800-$425,000

Geneva-New 10 $279,000-$595,000

             Closed-5 $227,000-$872,000

Montgomery-New 17 $194,500-$319,900

                     Closed-5 $142,999-$305,000

Naperville-New 44 $257,500-$3,300,000

                 Closed-16 $265,000-$730,000

Oswego-New 13 $170,000-$565,000

             Closed-5 $240,000-$325,000

Plainfield-New 38 $200,000-$895,600

                Closed-23 $201,000-$512,500

St Charles/Campton Hills-

               New 19 $339,000-$1,999,995

               Closed-7 $195,000-$550,000

Yorkville-New 7 $237,990-$500,000

              Closed-11 $165,000-$424,900

Contracts accepted this week

Market update Fox Valley February 1 2020-Contracts accepted this week
Single Family Homes

Contracts accepted by sellers this week were very consistent with last week.  208 this week compared to 210 the week before.   We love consistency!  We are looking to February to continue with this trend before we really start heating up with Spring market.  This really is a great time whether you are a buyer or seller to find a home or to sell one.  There is not as much competition right now as there will be starting in March.

Look at the communities that sellers accepted the most contracts:

Aurora-35                                 Bolingbrook-18

Naperville-31                            Plainfield-26

St Charles/Campton Hills-12    West Chicago-10

Yorkville-13

There were 6 short sales accepted this week on single family homes.  3 in Plainfield and 1 each in Aurora, Batavia and Bolingbrook.  Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours,4 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month                    New        Closed      Contracts accepted

January               1105           566                 858

Compare to 2019

January                 858           407                 608

We are ahead of last year for new, closed and contracts accepted.  For New listings we are ahead almost 28.8%, Closed up 39% and Contracts accepted we are up 41%.  Some people are saying we are already in Spring market. I think March we will be up even more.  Check back with us and see.

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 working on your home to get it ready for market let us know so we can give you an idea of the best things you need to work on.  We will update the value on your home in today’s market.  Provide you with a net proceeds so you have an idea of expenses to sell.  We will update this when an offer comes in so you can make a good decision.

Thinking about buying this year?  You need to call a loan officer to get pre-qualified to see what type of loan and what price range will work out best for you.  If you need recommendations we will be happy to provide you with a few to contact to see who you would like to work with.  Get your information together and keep it in a folder so it is easy to find just in case they ask you for it again later.

Check out some great resources:

Let us know what other information you are looking for.  We will point you in the right direction.

Market update Fox Valley February 1 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox  Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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