Market Update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020.  Happy New Year to all of you!  I hope everyone’s new year is off to a great start.  The last couple of weeks we have had a holiday in the middle of the week so numbers have been off.  3 days of last year are on this weeks numbers.  Next week will be the first full week of the year.

New listings of single family homes this week more than doubled.  138 this week compared to 58 the week before.  Not only were buyers busy getting ready for Christmas the REALTORS®  were busy too getting ready for the holiday the week before.  That is the difference in the 2 holiday weeks.

Closed listings of single family homes this week were not too far.  This week 118 listings closed compared to 106 the week before.  These numbers will increase as we head to the end of the month and no more holidays to interfere with banks and title companies closed.

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

Aurora-New 15 $128,500-$430,000

            Closed-13 $160,000-$290,000

Bolingbrook-New 13 $150,000-$359,000

                     Closed-11 $182,100-$390,000

Naperville-New 27 $319,900-$1,197,000

                 Closed-17 $249,500-$623,800

Oswego-New 13 $199,900-$1,099,000

              Closed-7 $250,000-$368,000

Plainfield-New 15 $245,000-$400,000

                Closed-14 $167,000-$425,000

St Charles/Campton Hills-New 12 $140,000-$786,009

These are the communities that are consistently with higher numbers of new listings and closed homes.  Is it the schools, work, roads or what the communities have to offer?

Contracts accepted this week

Market Update Fox Valley 1-4-2020-Contracts accepted this week

Contracts accepted this week on single family homes was not too far off of the week before.  107 this week compared to 98 the week before.  I am looking forward to getting back to normal next week.  No more holidays for awhile.   

Are you wondering why I keep track of when contracts are accepted?  I like to keep track of all kinds of activity.  This lets me know that there are buyers out there ready to submit offers instead of just looking.  Sometimes they do not close but they are ready to go.  When it gets really active buyers do not have much time to think about what they want to do.  They have to make a decision faster.  Right now inventory is very low so even though numbers are down you still need to make a decision or move on and wait for more homes to come on the market.

Communities that sellers accepted the most contracts this week:

Aurora-15                          Naperville-19

Plainfield-14

1 short sale was accepted this week in Yorkville. Now it will be submitted to the lender to see if they will also accept it as written.

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

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 5 with 48 hours.  Sellers still feel confident they will sell and close.

2020 by the month

Month                  New         Closed        Contracts accepted

January                138            118                   107

We are only 4 days into the new year.  3 of these days are from December of 2019.  Last year is the first year I kept track of the months for the year so it will interesting to compare this year to last as we go along. 

Activity happens year round.  A lot of it has to do with the amount of inventory of homes on the market.  Some months are definitely busier than others. 

Now is a great time to have your home on the market so you don’t have so much competition as you do in the Spring market.  Location, price and condition are the 3 factors that matter to get a home sold.  If it is priced right for the location and condition it will sell.

Contact us

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

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 to well.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  You need to 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. We can make some recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley 1-4-2020.  Have a awesome week and start to the New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

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.  Let us know what you think or if you have any questions.

 

12-28-19 Market Update Fox Valley

12 28 19 Market Update Fox Valley

12-28-19 market update Fox Valley.  We had a holiday right in the middle of the week so numbers are way off this week.  New listings of single family homes were about half of what they were.  58 this week compared to 129 the week before.  Next week we have New Year’s Eve and New Year’s Day in the middle of the week again so we will start off the New Year the same way. Also the last 3 days of this year will be included next week because we go Saturday to Saturday.

Closed listings were also about half of what they were.  106 this week compared to 208 the week before.  It would be tough to do the holiday and move at the same time.

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

Aurora-New 7 $80,000-$260,000

            Closed-15 $79,500-$305,000

Naperville-New 9 $285,000-$669,000

                 Closed-16 $310,000-$970,000

Plainfield-New 10 $229,000-$525,500

                Closed-13 $185,000-$377,130

Contracts accepted this week

12 28 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were not too bad for a holiday week.  98 this week compared to 117 the week before.  Happy Buyers and Sellers that found a home or received a contract on their home.  What a great present!

Look at the communities with the most contracts accepted:

Aurora-14              Naperville-15           Plainfield-15

2 short sales accepted by Sellers this week. 1 each in Elburn and Winfield.  Now they will be submitted to the lender to see if they will also accept as written.

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

Also Sellers accepted contracts that are contingent on the Buyer selling and closing on their current home.  2 with a kick-out clause of 48 hours and 1 with 24 hours.  Both identical.  Out of 98 accepted only 6 contingent on a closing or sale and closing.  Sellers still have confidence that will happen.  Even in the slower months things are still happening for the ones that are priced right.

2019 by the month

Month                    New        Closed       Contract accepted

January                  878           407                    608

February             1,032           465                    832

March                1,731            915                1,375

April                  1,594            790                1,307

May                   2,004         1,391                1,665

June                  1,643         1,253                1,218

July                   1,423         1,029                1,090

August              1,585         1,403                1,211

September        1,164            765                   869

October            1,259            957                   959

November           679            727                    656

December           496            661                    497

Total              15.488      10,763              12,287

May was the biggest month for new listings this year.  August for closings and May for contracts accepted.  You can see when the new listings go up so does everything else.  The school year cycle is still the busiest.  Activity happens year round.  Some of the new listings get relisted and some of the contracts accepted come back on the market for various reasons and go contract accepted again.  Closed listings is the only  one that you can count on.

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 goals.

Anytime of the year is the right time to sell if it is priced right.  You might want to beat the Spring rush so you don’t have so much competition to sell.

Calling a loan officer is your first step if you are thinking about buying in 2020.  You need to find out what type of loan will work out best for your situation and what price range will work out best for you.  They will give you letter stating what you qualify for that will go with an offer when you find the right home.  It will need to be updated if it is older than 30 days.

Check our some great resources:

Some lenders also offer special programs and assistance so also check with them.

12-28-19 market update Fox Valley.  Have a great week and have a Happy and safe New Year!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

12 21 19 Market update Fox Valley

12 21 19 Market Update Fox Valley

12 21 19 market update Fox Valley.  New listings of single family homes was just slightly lower this week. 129 this week compared to 136 the week before.  We are only days away from the holiday so hopefully they will pick up in the next couple of weeks.  Buyers are still out there looking.  Start the New Year out getting your home on the market.

Closed listings of single family homes was up by 26 homes.  208 homes closed this week compared to 182 the week before.  We are getting close to the end of the month when most buyers want to close.  These closings were people that wanted to move in their new home before Christmas.  What a great present!

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

Aurora-New 19 $50,000-$500,000

            Closed-35 $70,000-$412,500

Bolingbrook-New 11 $149,900-$415,000

                     Closed-13 $116,000-$350,000

Geneva-New 15 $335,000-$1,200,000

             Closed-6 $194,000-$579,200

Naperville-New 20 $224,900-$1,200,000

                 Closed-44 $253,500-$1,222,500

Oswego-New 10 $185,000-$1,199,000

              Closed-14 $170,000-$770,000

Plainfield-New 18 $215,000-$449,000

                Closed-21 $162,000-$535,000

St Charles/Campton Hills-

                New 5 $209,900-$1,095,000

                Closed-11 $179,000-$572,500

Contracts accepted this week

12 21 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted on single family homes was significantly down this week.  117 this week compared to 155 the week before.  Inventory of homes for sale is way down right now and we are so close to the holiday.  Weather definitely is not factor.  It is cold but no snow or ice to worry about and the temperatures are rising into this next week.

Communities with the most contracts accepted this week:

Aurora-21                Naperville-18

Plainfield-12

These communities are consistently  very active every week.

Only 3 homes received contracts on short sales this week.  1 each in Aurora, Bolingbrook and Yorkville.  Now they will be submitted to the lender to see if they will also accept.  These take a special buyer that can wait.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours. 

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  2 with a kick-out clause of 72 hours and 3 with 48 hours.

2019 by the month

Month                 New         Closed         Contracts accepted

January                878           407                      608

February           1,032           465                      832

March               1,731           915                  1,375

April                 1,594           790                  1,307

May                  2,004        1,391                 1,665

June                 1,643        1,253                 1,218

July                  1,423        1,029                 1,090

August             1,585        1,403                 1,211

September       1,164           765                    869

October           1,259           957                    959

November          679           727                    656

December          438           532                    399

Total             15,430     10,634              12,189

Closed are the most important numbers. 

Some of the New listings get canceled and relisted so the number of days on market are lower.  This number does not reflect actual new listings.  They might be counted more than once so don’t think that many listings have come on the market and have not sold.

Not all contracts that get accepted close.  Some of them might not make it through attorney review or the home inspection.  This is when it is very important to have a good REALTOR® and real estate attorney that will negotiate issues.  Some issues turn up that are not able to be resolved in a timely manner but other times it is the buyer not understanding the process and thinking anything that shows up on the home inspection should be fixed.  A lot of times those are items the home inspector is wanting them to pay attention to that are routine maintenance.  These numbers might have been counted more than once on the same home.  They might of accepted an offer and it was canceled then back on the market and contract accepted again.

It is interesting to see the numbers.  Activity happens year round.

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 meet your goals.

Thinking about selling? 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 so you can see where you are at.  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 your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best for you.

Check out some great resources:

Also talk to your lender to see if they offer assistance.  Sometimes they have a better deal or can combine assistance.

12 21 19 market update Fox Valley.  Have a great week.  Happy Holidays!

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 another way to search for a home.  You can change to satellite view to see how the home is situated on the property and it also has a chat feature.  You might really like this one!

12 14 19 Market Update Fox Valley

12 14 19 Market Update Fox Valley

12 14 19 market update Fox Valley.  New listings were significantly down this week.  136 new listings of single family homes compared to 173 the week before.  Buyers looking to get an offer excepted before the holiday have limited new listing choices this week.

Closed listings of single family homes were significantly up this week.  182 this week compared to 142 the week before.  We are getting closer to the end of the month so this is to be expected.  Both buyer and seller can get in and get settled before the holiday.

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

Aurora-New 19 $114,900-$515,000

            Closed-29 $60,000-$459,000

Bolingbrook-New 9 $220,000-$499,900

                    Closed-17 $147,500-$375,000

Geneva-New 5 $324,900-$632,000

            Closed-10 $326,000-$610,000

Naperville-New 35 $254,900-$3,990,000

                 Closed-28 $275,000-$1,400,000

Plainfield-New 13 $190.000-$398,735

               Closed-29 $176,400-$500,000

St Charles/Campton Hills-

              New-10 $200,000-$780,000

             Closed-9 $193,000-$750,000

West Chicago-New 10 $189,000-$465,000

                      Closed-2 $220,000-$335,000

Do you see the price range that you are looking in on this list or in the picture above?  Some buyers are waiting a long time for homes to come on the market that are below the $200,000 price.  If you are looking above that price you have more to choose from.

Contracts accepted this week

12 14 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes was way up this week.  155 this week compared to 127 the week before.  I think it is important to keep track of when contracts are getting accepted.  It gives you an idea of how the market is doing.  Buyers are still out there trying to find a home and ready to act when they find it.  Price, location and condition is still when all of these are in line a home will sell.

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

Aurora-27                   Bolingbrook-17

Napervillle-26             Plainfield-19

9 short sales were accepted by sellers this week.  2 in Plainfield and 1 each in Aurora, Montgomery, Naperville, Oswego, St Charles/Campton Hills, West Chicago and Yorkville.  Now they will be submitted to the lender to see if they will also accept.

Sellers excepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

Contingent contracts were also accepted by sellers that the buyer still needs to sell and close on their current home.  2 with a kick-out clause of 72 hours, 1 with 48 hours and also 1 with 24 hours.

2019 by the month

Month                New         Closed          Contracts accepted

January              878            407                    608

February         1,032            465                    832

March             1,731            915                1,375

April               1,594            790                1,307

May                2,004         1,391                1,665

June               1,643         1,253                1,218

July                1,423         1,029                1,090

August           1,585         1,403                1,211

September     1,164            765                   869

October         1,259            957                   959

November        679            727                    656

December        309            524                    282

Total           15,301      10,426              12,072

New listings sometimes get canceled and relisted so the days on market are lower.  Not all contracts that get accepted close.  Sometimes issues come up that can’t get resolved the way buyers and sellers can agree too.  That does not necessarily mean there is a big problem with the home.   This is where you need a good REALTOR®  and real estate attorney to negotiate the issues that come up.

You can see that activity happens throughout the year.  Some months are busier than others.  If you are thinking about selling you can decide if you want sell when there is the most listings available or when there is not as much competition. 

Contact us

Call us at 630-503-6555.  Your goal is our goal.  We will do everything we can to reach your goals.  Do you have real estate questions?  

Let us update the current value of your home in today’s market.  We will provide you with a net proceeds that gives you an estimate of the expenses to sell so you can decide if now is a good time for you.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  Your first step is to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you.  We can make some recommendations just ask.

Check out some great resources:

Whether you have kids in school it is still good to buy a home in a good school district.  When you go to sell you will be happy you did.

12 14 19 Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Sign up for a different way to search for a home.  You can switch over to satellite view and it also has a chat feature.  Have questions let us know.

11 23 19 Market Update Fox Valley

11 23 19 Market Update Fox Valley

11 23 19 Market update Fox Valley.  New listing this week were down.  166 this week compared to 193 the week before.  Not good for buyers that are still out looking.  Things are still active so I hope that most people that are thinking about selling are just waiting to get to the other side of the Thanksgiving holiday.

Closed listings were up this week.  224 this week compared to 173 the week before.  We are getting to the end of the month. when most buyers want to close.

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

Aurora-New 16 $114,900-$450,000

            Closed-39 $61,000-$410,000

Bolingbrook-New 12 $174,900-$449,954

                    Closed-20 $129,000-$355,000

Geneva-New 6 $239,900-$595,000

            Closed-10 $330,000-$1,100,000

Naperville-New 37 $235,000-$1,790,000

                Closed-33 $261,000-$1,225,000

Plainfield-New 29 $188,000-$599,900

               Closed-27 $165,000-$458.000

St Charles/Campton Hills-

               New-14 $225,000-$1,100,000

               Closed-New 21 $190,000-$900,000

Yorkville-New 8 $195,000-$349,000

              Closed-13 $232,000-$450,000

Contracts accepted this week

11 23 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week were very consistent.  177 this week compared to 178 the week before.  We love consistency!  You can’t get more consistent than that.  Next week the numbers will be off because of the holiday.

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

Aurora-16        Batavia-10      Bolingbrook-14

Naperville-37   Oswego-10     Plainfield-20

St Charles/Campton Hills-10   West Chicago-11

Only 2 short sales accepted this week 1 each in Aurora and Bolingbrook.  Now they will be submitted to the lender to see if they will also accept contract price and terms.

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

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

2019 activity by the month

Month              New         Closed         Contracts accepted

January            878            407                      608

February       1,032            465                      832

March           1,731            915                   1,375

April             1,594            790                   1,307

May              2,004         1,391                  1,665

June             1,643         1,253                  1,218

July              1,423         1,029                  1,090

August         1,585         1,403                  1,211

September   1,164            765                     869

October       1,259            957                     959

November      579            573                     523

Total         14,892        9,948                11,657

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Your goal is our goal.  We will guide you through the process whether buying/selling a home.

If you are thinking about selling we will be do a market analysis on your home to let you know what it is worth is today’s market.  Provide you with a net proceeds that shows you the expenses to sell your home.  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?  Your first step is to get pre-qualifed with a loan officer so you know what type of loan and the price range that will work out best for you.

Check out some great resources:

11 23 19 Market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Check out another way to search for a home.  You can sign up for free!  Change it to satellite view and check out the property and where it is located within the neighborhood.  If you need help using this great program let me know and I can do a video call and share my screen and guide you through it..

11 16 19 Market Update Fox Valley

11 16 19 Market Update Fox Valley

11 16 19 Market update Fox Valley.  New listings of single family homes were slightly down this week.  193 this week compared to 220 the week before.  Any amount of new listings down has an impact for buyers.  That means there are less homes available to them to see.  If you are looking for a home over $200,000 you have more to choose from then buyers looking under that amount.  We are still very short in inventory for buyers looking under $200,000 price range.  If you have a home in that price range to sell this would be a great time to get it on the market.

Closed single family homes were very consistent this week. 173 closed this week compared to 176 the week before.  Consistent is a good thing!

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

Aurora -New 21 $85,000-$420,000

             Closed-20 $150,000-$564,000

Bolingbrook-New 16 $68,000-$649,900

                     Closed-11 $129,000-$350,000

Naperville-New 35 $325,000-$1,400,000

                 Closed-24 $305,000-$1,325,000

Plainfield-New 20 $223,000-$549,000

                Closed-20 $145,000-$511,829

St Charles/Campton Hills-

                New-11 $249,900-$1,000,000

                Closed-15 $195,000-$525,000

These 5 communities are consistently more active than other communities.  Is it the schools, shopping, parks or work?  There is so many reasons why you choose a community.  It might just be the type of housing and price range.  Living close to family and friends.  Where are you looking and why?

Contracts accepted this week

11 16 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week on single family homes was up this week.  178 this week compared to 168 the week before.  It is a good time right now to get into a home before the end of the year.  With 2 holidays between now and the end of the year, when businesses are closed, soon we will have to go into the new year.  You could start the New Year out right with a new home and have time to get it the way you want it before Spring comes when you will want to be outside getting the yard the way you want it.

Look at the communities that sellers accepted the most contracts:

Aurora-31              Geneva-14   

 Naperville-33        Oswego-12   

 Plainfield-22         St Charles/Campton Hills-18

1 short sale was accepted in Naperville this week.  Now it will go to the lender to see if they will also accept it as written.

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

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.  

2019 by the month

Month               New         Closed        Contracts accepted

January             878            407                608

February        1,032            465                832

March            1,731            915             1,375

April              1,594            790             1,307

May               2,004         1,391            1,665

June              1,643         1,253            1,218

July               1,423         1,029            1,090

August          1,585         1,403            1,211

September    1,164            765               869

October        1,259            957               959

November       413            349               346

Total          14,726         9,724         11,480

Contact us

Call us at 630-503-6555 Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101 with all of your real estate questions.  Your goal is our goal.  We will do everything we can to help you reach your goals whether buying/selling a home.

If you are thinking about selling let us update the value of your home in today’s market.  We will provide you with a net proceeds that shows 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.

Looking to buy a home?  The first step is 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.  We can make some recommendations of loan officers to contact that we have successfully worked with.

Great resources to check out:

Buying a home in a good school district is important even though you do not have kids in school.  You always want to be thinking about resale value.

11 16 19 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Sign up for free with another way to search for a home.  I think you will really like all the information you get with this way to search.  If you need help in how to navigate it I would be happy to do a video conference call and share my screen with you to show you how.  This also has a chat feature.

 

11 9 2019 Market Update Fox Valley

11 9 2019 Market Update Fox Valley

11 9 2019 market update Fox Valley.  New listings of single family homes stayed consistent this week.  220 this week compared to 218 the week before.  We love a consistent market!  Maybe you will see something that fits your criteria for a home.

Closed listings of single family homes was down this week.  176 this week compared to 219 the week before.  That is the difference between the beginning of the month and 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 34 $90,000-$500,000

            Closed-29 $100,001-$597,500

Bolingbrook-New 12 $174,900-$439,000

                    Closed-15 $135,000-$376,000

Geneva-New 12 $265,000-$744,900

             Closed-9 $162,500-$679,000

Naperville-New 31 $269,750-$1,025,000

                 Closed-24 $273,000-$1,040,000

Oswego-New 13 $198,000-$430,000

             Closed-11 $186,000-$925,000

Plainfield-New 30 $164,900-$590,000

                Closed-22 $145,000-$480,000

St Charles/Campton Hills-  

               New-11 $325,000-$769,900

               Closed-12 $255,000-$585,000

Yorkville-New 11 $234,900-$479,900

              Closed-3 $212,000-$240,000

Contracts accepted this week

11 9 19 Market Update Fox Valley-Contracts accepted this week

Contracts accepted this week by sellers was down this week. 168 this week compared to 183 the week before.  Now is the time to make sure you price your home right from the beginning.

Look at the communities that sellers accepted the most contracts:

Aurora-26           Bolingbrook-11         Naperville-33

Oswego-10         Plainfield-20

5 short sales were accepted this week on single family homes. 2 in Yorkville and 1 each in Aurora, Plainfield and St Charles/Campton Hills.  Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers on single family homes that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 2 with 48 hours and 4 with 24 hours.

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

2019 by the month for new listings, closed and contracts accepted

Month              New         Closed           Contracts accepted

January              878          407                      608

February         1,032          465                      832

March             1,731          915                  1,375

April               1,594          790                  1,307

May                2,004       1,391                 1,665

June               1,643       1,253                  1,218

July                1,423       1,029                  1,090

August           1,585       1,403                  1,211

September     1,164          765                     869

October         1,259          957                     959

November        220           176                    168

Total           14,533        9,551              11,302

Some of these new listings of single family homes are listed as new then after a couple months are canceled and relisted as new again so tht figure might not be correct as far as how many homes were listed as new.  They might of been counted twice or more.  Not all contracts accepted end up closing.  Buyer might have trouble getting financing or during the attorney review and inspection period issues sometimes can come up that do not get resolved.  It is very important to have a good REALTOR® and real estate attorney to help resolve any issues that come up.  Most can be resolved if handled correctly.  Others will take too much time to resolve so everyone moves on.

Contact us

Call us at 630-503-6555 Kristine Heiman, Managing Broker ext 101 or Bobby Burson, Broker ext 105.  Your goal is our goal. We will do everything we can to help you reach your goal. whether buying or selling a home.

Let us update the value of your home in today’s market.  We will provide you with a net proceeds that will give you an estimate of expenses to sell your home.  This will be updated again when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified.  They will tell you what type of loan and what price range will work out best for you.  Do you need recommendations?  We will be happy to give you a few loan officers to contact so you can decide who you want to work with.

Check out some great resources:

Let us know what other information you are looking for.  We would be happy to point you in the right direction so all your questions will be answered.

11 9 2019 market update Fox Valley.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St 

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up for another way to search for a home.  You can change it to satellite view and it also has a chat feature that you can connect with me.

Fox Valley Market Update September 28 2019

Fox Valley Market Update September 28 2019

Fox Valley market update September 28 2019. New listings of single family homes were down this week.  259 this week compared to 282 the week before.  The market is still good for buyers looking $200,000 and above.  Under that amount it is hard to find and you need to jump on them right away.  If your home is in that price range and you are thinking about selling now is the time.

2019 new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2.004
  • June-1,643
  • July-1,423
  • August-1,585
  • September-1,164

          Total 13,054

Closed listings of single family homes were slightly up this week.  204 compared to 193 the week before.  Not the numbers we were seeing from May – August but still not bad.

Look at the closings of single family home by the month for 2019:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-1,029
  • August-1,403
  • September-765

          Total-8,418

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

Aurora-New 34 $124,900-$430,000

            Closed-$89,917-$459,900

Batavia-New 10 $209,900-$599,995

             Closed-4 $211,450-$415,000

Bolingbrook-New 19 $147,900-$374,900

                    Closed-12 $189,000-$372,500

Geneva-New 17 $235,000-$625,000

             Closed-6 $324,900-$420,000

Naperville-New 49 $294,999-$1,750,000

                Closed-35 $200,000-$1,130,000

Oswego-New 8 $189,900-$330,000

             Closed-16 $170,000-$575,000

Plainfield-New 37 $139,888-$1,175,000

               Closed-27 $145,000-$1,772,000

St Charles/Campton Hills-New 20 $214,900-$1,500,000

                                         Closed-16 $141,850-$620,000

Yorkville-New 11 $239,000-$420,000

              Closed-8 $150,089-$540,000

These communities continue to be on the list for new listings and closed listings of single family homes  Is it the schools, location or what the community offers? It might be a combination of all three.

Contracts accepted this week

Fox Valley Market Update September 28 2019-Contracts accepted this week

Contracts accepted this week were slightly down this week on single family homes.  204 this week compared to 229 the week before.  That is not too bad.  I would say that is pretty consistent.

Communities this week with the most activity:

Aurora-35                                        Bolingbrook-27                                          Naperville-23

Oswego-12                                      Plainfield-27                                               St Charles/Campton Hills-11

Look at the contracts accepted for 2019 by the months:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1,218
  • July-1,090
  • August-1,211
  • September-869

          Total-10,175

There is a difference on contracts accepted and closed listings.  Not all contracts that get accepted close.  I thought you would be interested to see those numbers.  Is it the loan officers not pre-qualifying the buyers well enough?  Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it.  Some things can be resolved and others take more time.  Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on.  There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller.  Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.

Contact us

Call us at 630-503-6555 with all of your real estate questions.  Our goal is your goal.  Once you let us know what you goal is we will do everything we can to help you reach it whether buying or selling a home.

Let us update the value on your home in today’s market.  We will provide you with a net proceeds so you can see an estimate of  expenses to sell your home so you will know about where you are at.

If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified.  They will let you know what type of loan and the price range that will out best for you.

Check out some resources:

We are here to guide you through the process.  We will keep in contact the way you want to connect.

Fox Valley market update September 28 2019.  Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Another way to search for a home that you can sign up for free!  Click on the satellite view.  It also has a chat feature that you can connect with me to ask questions. Let us know what you think!

       

Fox Valley Market Update July 27, 2019

Fox Valley Market Update July 27 2019

Fox Valley market update July 27, 2019.  New listings were down this week.  346 new listings of single family homes compared to 383 the week before.  No holiday but people are on vacation and getting ready for school to start.

2019 new listings by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June-1,643
  • July-1,077

                 10,305 total

Closed 2019 by the month:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June-1,253
  • July-1,029

                 6,250 Total

There will probably be a lot of closings Monday-Wednesday but I will put them on next week for the beginning of August.

Now take a look at the communities with the most activity this week:

Aurora-New 50 $89,000-$479,900                                               

            Closed-29 $89,000-$380000

Batavia-New 7 $300,000-$749,900                                               

             Closed-10 $50,000-$490,000

Bolingbrook-New 29 $115,900-$539,000                                   

                    Closed-19 $156,000-$545,000

Geneva-New 13 $222,900-$1,250,000                                         

             Closed-11 $175,000-$990,000

Montgomery-New 6 $240,000-$299,900                                             

                     Closed-12 $137,500-$278,000

Naperville-New 66 $235,000-$2,500,000                                   

                 Closed-44 $220,000-$1,240,000

Oswego-New 13 $199,900-$594,000                                           

             Closed-13 $205,050-$420,000

Plainfield-New 38 $149,900-$569,000                                         

               Closed-40 $158,025-$955,000

St Charles/Campton Hills-New 35 $124,900-$825,000                 

                                        Closed-19 $155,000-$680,000

Sycamore-New 11 $130,000-$350,000                                         

                Closed-3 $115,000-$273,995

Yorkville-New 19 $179,922-$739,500                                           

              Closed-6 $190,000-$654,250

Contracts accepted this week

Fox Valley Market Update July 27 2019-Accepted contracts this week

Contracts accepted this week were just slightly down.  259 this week compared to 284 the week before.

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

Aurora-37                                           Batavia-10                                        Bolingbrook-14

Geneva-15                                          Montgomery-10                                Naperville-46

Oswego-16                                         Plainfield-29                                      St Charles/Campton Hills-13

Yorkville-12

Contracts accepted by the month in 2019:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June-1218
  • July-1,090

                  8,095 Total

Keep in mind that not all contracts that get accepted close.  Some issues might come up that buyer and seller do not come to an agreement.  Some might come back on the market and then get another contract that does close.

Short sales are still very low. 3 were accepted by seller’s this week compared to 2 the week before.  1 each in Montgomery, Naperville and Sugar Grove.  Now they will go to the lender to see if they will also accept.

Sellers’s accepted contracts this week that are contingent on the buyer closing on their current home before purchasing. 4 with a kick-out clause of 72 hours, 17 with 48 hours and 2 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing.  5 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Contacts us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether buying or selling a home.  We will explain the process so you have an idea what all is involved and the best way to get there.  We can make recommendations for a loan officer to contact,  real estate attorney and home inspector to use.

Resources to check out:

Fox Valley market update July 27 2019.  Have a great week!  Let us know what questions you have.

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-655

besthomesfv@gmail.com

Check out another way to search for homes!  You sign up for free.  If you need help in how to use it we can do a screen share and I can guide you through it.  It also has a chat feature.

Fox Valley Market Update

 

Fox Valley Market Update June 22 2019

Fox Valley Market Update June 22 2019

Fox Valley market update June 22 2019..  New listings of single family homes in the Fox Valley area were slightly higher this week.  444 this week compared to 433 the week before.

2019 look at new listings of single family homes by the month:

  • January-878
  • February-1,032
  • March-1,731
  • April-1,594
  • May-2,004
  • June so far-1,278
  • Total-8,517

One more week to go in June and it looks like we will not come close to May’s totals for new listings.  That is not good for buyer’s that are still trying to find a home.

Closed homes this week were slightly higher.  303 this week compared to 294 the week before.  Next week should be very busy for closings.

Closings in 2019 so far of single family homes:

  • January-407
  • February-465
  • March-915
  • April-790
  • May-1,391
  • June so far-923
  • Total-4,891

A little over 57% of the 8,517 new listings have sold and closed so far far this year.

Take a look at the activity this week in the Fox Valley:

Aurora-New 51 $119,900-$639,900                                                         Closed-34 $125,000-$500,000

Batavia-New 16 $185,000-$629,900                                                        Closed-8 $203,000-$464,000

Bolingbrook-New 27 $129,900-$595,900                                                Closed-25 $98,175-$405,500

Geneva-New 22 $242,000-$1,295,000                                                    Closed-22 $155,000-$751,000

Montgomery-New 22 $125,000-$330,455                                               Closed-11 $86,793-$370,056

Naperville-New 102 $174,900-$1,790,000                                              Closed-52 $202,500-$1,020,000

North Aurora-New 13 $195,000-$430,000                                              Closed-8 $197,500-$368,500

Oswego-New 26 $199,900-$429,900                                                       Closed-12 $165,000-$370,000

Plainfield-New 38 $172,000-$494,000                                                     Closed-31 $182,000-$595,000

St Charles/Campton Hills-New 36 $109,800-$1,275,000                         Closed-29 $150,000-$774,900

West Chicago-New 13 $114,900-$485,000                                              Closed-8 $165,000-$432,500

Winfield-New 10 $282,900-$799,000                                                      Closed-5 $300,000-$475,000

Yorkville-New 19 $213,000-$1,100,000                                                   Closed-7 $174,000-$375,000

Contracts accepted this week

Fox Valley Market Update June 22 2019-Contracts accepted this week

Contracts accepted of single family homes this week were slightly down.  293 this week compared to 317 last week.

Contracts accepted of single family homes so far in 2019:

  • January-608
  • February-832
  • March-1,375
  • April-1,307
  • May-1,665
  • June so far-946
  • Total-6,733

That total shows you that about 79% of the homes listed this year have gone under contract.  Not all of them have closed. Some have been put back on the market because of buyer not able to get financing or some other reason.  Some of that total have gone under contract and reactivated and gone under contract again.  Closed totals are the most important.

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

Aurora-45                                                      Batavia-14                                              Bolingbrook-18

Geneva-12                                                     Montgomery-11                                      Naperville-50

Oswego-12                                                    Plainfield-38                                            St Charles/Campton Hills-23

Yorkville-16

Short sales accepted this week by seller’s doubled from last week.  5 this week compared to 2 the week before.  Still very low.  There were 1 each in Montgomery, Plainfield and Sandwich.  2 in Oswego this week.

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home before purchasing.  12 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Seller’s also accepted contracts that are contingent on the buyer selling and closing before they can purchase.  1 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us with any real estate questions you have at 630-503-6555.  Jerffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether you are selling, buying or both.

Thinking about selling?  We will update the value of your home in today’s market and provide you with a net proceeds that will show you the expenses to sell your home so you know where you are at.

If you are thinking about purchasing 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 for you.

We will guide your through the process of selling or purchasing.  We can make a few recommendations of loan officers, real estate attorneys and inspectors if you don’t know any already.  You can choose who you think will workout best for you.

Check out these resources:

Fox Valley market update June 22 2019.  Have a great week! Let us know how we can help you.

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com or Kristineheiman@besthomesfv.com

You can also check out a different way to search for a home.  Click on satellite view and you can see how the home is situated on the lot.  It will show you if it is a corner lot, does it have a backyard and is it fenced in,  Is there anything else for sale in the neighborhood.