2021 Real Estate Market Update Week 27

2021 Real Estate market update week 27 Cover

2021 real estate market update week 27. We are working on the second half of the year now and hope the inventory of homes will improve.

New listings of single family homes was up.  287 this week compared to 239 the week before.  Great news!  We will take any improvement we can get.

Closed listings of single family homes were down.  206 this week compared to 419 the week before.  That is to be expected for the beginning of the month.

2021 Real Estate Market Update Week 27

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

Aurora-New 46 $194,900-$585,000

            Closed-40 $155,000-$900,000

Bolingbrook-New 10 $198,000-$479,000

                    Closed-16 $215,000-$450,000

Elburn-New 11 $162,000-$699,000

            Closed-2 $307,000-$370,000

Geneva-New 9 $252,900-$882,592

              Closed-19 $261,000-$962,152

Naperville-New 63 $299,900-$2,095,000

                 Closed-37 $320,000-$1,209,000

Oswego-New 13 $249,900-$525,000

              Closed-12 $258,000-$485,000

Plainfield-New 34 $220,000-$1,399,000

                Closed-15 $250,000-$596,388

St Charles-New 29 $199,900-$1,449,000

                  Closed-11 $275,000-$900,000

Yorkville-New 11 $219,900-$1,100,000

               Closed-7 $240,000-$565,500

Median price and financing this week

Median list price of single family homes this week was 379,900.  Last week it was $369,504.

Median closed price of single family homes this week was $370,000 same as the week before.

2021 Real Estate Market Update Week 27-Stats 071021

I thought I would add financing this week so you can see what is happening.  I did this a little later this morning than my first download so we have 2 more than what is listed above.

2021 Real Estate Market Update Week 27-Conventional and Cash

The one on the left is Conventional financing.  There were 153 with $379,900 the median closed price.

The one on the right is Cash.  There were 25 with $412,500 the median closed price.

2021 Real Estate Market Update Week 27-FHA and VA

The one on the left is FHA financing.  There were 26 with $291,500 the median closed price.

The one on the right is VA financing.  There were 4 with $417,950 the median closed price.

It is important to see the breakdown of what happening right now.  I will continue to list this so you can see if things start to change.

Contracts accepted this week

Contracts accepted this week were down.  270 this week compared to 325 the week before.  Last week new listings were down so that makes sense.

2021 Real Estate Market Update Week 27-Contracts accepted this week

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

Aurora-46                                   Bolingbrook-21

Montgomery-13                          Naperville-45

Oswego-13                                 Plainfield-39

St Charles-25

No short sales were accepted by seller’s this week.  With the prices going up, even if they need to sell because of not working, most likely they can sell without having to go that route.

Sellers accepted contracts that are contingent on the buyer’s closing on their current home.  9 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                 543           649                 829

February               561           604                 778

March                   993         1099               1455

April                    1006           926               1387

May                    1088         1228               1289

June                   1450         1686               1671

July                      287           206                 270

Totals                 5928         6398                7679

Closed is the most important column to look at.  We started ahead at the beginning of the year with inventory left over from the previous year.  Not all of the contracts accepted will end up closing.  Sometimes they come back on the market after home inspection/attorney review period of after the appraisal comes in.   Prices have increased, and the appraisals don’t always match, so if they can’t come to an agreement the home goes back on the market.

It continues to be a seller’s market.

Contact us

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

Thinking about selling this year?  Request a home valuation and let us know a little bit about your home and what you have updated.  We will let you know what it is worth in today’s market and 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.

If you are thinking about buying a home this year you have to call a loan officer and get them all your financial information so they can get you pre approved.  Pre qualify will not do in today’s market.  You will probably be up against other offers when you do find a home so you want to let the seller’s know that you did this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors just let us know and we will recommend a few for you to choose from.

2021 real estate market update week 27.  Have a great week!

2021 market update week 27-Kristine HEiman, Designated Managing BrokerKristine Heiman, SFR, SRS, AHWD

Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 23

2021 Real Estate market update week 23 Cover

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

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

2021 Real Estate Market Update Week 23

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

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

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

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

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

2021 Real Estate Market Update Week 23-Stats 061221

Contracts accepted this week

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

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

Look at the communities sellers accepted the most contracts:

Aurora-47                                        Bolingbrook-31

Geneva-15                                      Naperville-57

Oswego-24                                     Plainfield-45

St Charles/Campton Hills-24         Sycamore-11

West Chicago-12

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

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

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

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                 543           649                  829

February               561           604                  778

March                   993          1099                1455

April                    1006            926                1387

May                     1088         1228                 1289

June                      611           638                   659

Totals                  4802         5144                 6397

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

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

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

May is the best month so far for closed listings.

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

Contact us

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

If you are thinking about selling your home request a home valuation. Give us a little information about recent updates that have been completed.  We will provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year?  You need to get pre-approved with a loan officer.  Get them all your financial documents so they can put you through underwriting.  You need to take this extra step because you will most likely be up against multiple offers.

Resources:

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

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

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

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 20

2021 Real Estate market update week 20 Cover

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

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

2021 Real Estate Market Update Week 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

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

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

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

2021 Real Estate Market Update Week 20-Stats 052221

Contracts accepted this week

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

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

Look at the communities that sellers accepted the most contracts:

Aurora-59                                  Bolingbrook-23

Geneva-17                                Montgomery-11

Naperville-52                             Oswego-17

Plainfield-33                              Plano-12

St Charles/ Campton Hills-20   Sycamore-10

West Chicago-14

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

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

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

2021 real estate market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649                 829

February                  561           604                 778

March                      993          1099               1455

April                       1006            926               1387

May                         797            843                 952

Totals                    3900           4121              5401

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

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

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

Contact us

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

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

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

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

Resources:

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

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

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

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Market Update Week 11

2021 market update week 11 Cover

2021 market update week 11.  New listings on single family homes were down this week.  171 this week compared to 218 the week before.  We are going in the wrong direction.  Today is the first day of Spring.  We should be listing more not less homes.  Seller’s where are you?  Contact me as soon as possible.

Closed listings of single family homes were up this week.  226 this week compared to 177 the week before.  We are heading towards the end of the month when most buyers want to close.  They should increase next week as well.

2021 Market Update Week 11

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

Aurora-New 16 $99,900-$699,000                   

            Closed-21 $140,000-$544,000

Bolingbrook-New 12 $229,700-$410,000

                    Closed-12 $217,000-$438,820

Geneva-New 7 $239,900-$574,900

             Closed-12 $259,000-$605,000

Naperville-New 53 $269,900-$3,000,000

                 Closed-51 $287,500-$1,304,000

Oswego-New 5 $269,900-$509,900

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

Plainfield-New 24 $183,000-$629,000

                Closed-27 $195,000-$584,652

St Charles/Campton Hills-

                 New 14 $199,900-$1,450,000

                 Closed-17 $212,100-$1,200,000

Yorkville-New 6 $240,000-$425,000

               Closed-10 $240,000-$414,000

You should be able to click on the photo above to see the other communities and price ranges.  You might need to look at these other communities that are not your first choice to find a home.  They are going fast though everywhere.

Contracts accepted this week

Contracts accepted on single family homes were up this week.  304 accepted this week compared to 289 the week before.  Buyers are fighting over the listings that are available.  Multiple offers are here to stay until more homes come on the  market.

2021 Market Update Week 11-Contracts accepted this week

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

Aurora-44                              Bolingbrook-20

Geneva-18                             Montgomery-13

Naperville-57                        Oswego-12

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

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

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

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

I really thought it would happen sooner that seller’s would not accept contracts that buyer’s still had to sell their home and close.  With all the competition out there and multiple offers seller’s are looking for the offer that has as few hurdles as possible to get past.

2021 market update by the month

Month                         New     Closed     Contracts accepted

January                       543        649               829

February                     561        604               778

March                        579         616               853

Totals                       1683      1869             2460

Check back with us every Saturday for the market update.  At the end of the month I will compare to 2020 and 2019 so you will have something to compare to so you can see how the market is going.

March is not even over yet and all the totals look like they will be higher than the previous 2 months.  We need to at least double the new listings though.

Contact us

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

Request a home valuation if you are thinking about selling.  Give us a little information about any updates you have recently completed.  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?  Contact a loan officer with all your financial information to get prequalified.  You need to have everything in place and ready to go just in case you find a home.  Multiple offers are the norm right now so you might not want to look at the top of your price range unless you have more cash to put down.  So many homes are getting offers above the listed price because of low inventory of homes for sale.

Resources:

Let us know if there is other information that you are looking for.  I would be happy to point you in the right direction.  If you need recommendations for loan officers, home inspectors or real estate attorneys.  We can give you a few of each to contact to see which one you would prefer to work with.

2021 market update week 11.  Have a great week!

2021 market update week 11Kristine 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 47

Market update Fox Valley week 47

 

 

 

 

 

 

Market update Fox Valley week 47.  New listings of single family homes were about the same.  150 this week compared to 152 the week before.  This is typical for this time of year before the holidays but this year the amount of buyers out there ready to buy is not getting satisfied.  Multiple offers are a common thing right now.  Buyers are using escalation clauses, waiving home inspections and trying to be creative to win.

Closings on single family homes this week were up 54.77%.  308 this week compared to 199 the week before. Next week is going to be a short week with the Thanksgiving holiday so that is why there is such an increase.

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

Aurora-New 17 $139,900-$385,000

            Closed-41 $70,070-$510,000

Batavia-New 5 $297,500-$489,500

             Closed-15 $174,000-$855,000

Bolingbrook-New 10 $169,900-$344,900

                     Closed-20 $155,000-$507,670

Geneva-New 8 $255,000-$792,000

             Closed-19 $235,000-$625,000

Minooka-New 3 $275,000-$288,150

               Closed-14 $124,000-$650,000

Montgomery-New 5 $189,900-$289,900

                      Closed-13 $141,277-$295,000

Naperville-New 26 $299,900-$1,400,000

                 Closed-44 $270,000-$1,775,000

Oswego-New 12 $299,900-$529,900

              Closed-20 $248,000-$525,000

Plainfield-New 19 $184,000-$749,000

                Closed-34 $182,500-$565,000

St Charles/Campton Hills-

                 New-10 $237,900-$889,900

                 Closed-16 $225,500-$548,000

Yorkville-New 2 $199,000-$299,390

              Closed-16 $235,000-$849,000

Most of these communities consistently see higher activity.  Is that what you are looking for or a smaller more stable community?

Contracts accepted this week

Market update Fox Valley week 47-Contracts accepted this week

 

 

 

 

 

 

Contracts accepted this week on single family homes were down 5.02%.  227 this week compared to 239 the week before.  With only 152 new listings added last week this turned out better than expected.

Look at the communities sellers accepted the most contracts:

Aurora-33                             Bolingbrook-17

Geneva-10                            Naperville-34

Plainfield-30                         St Charles/Campton Hills-15

West Chicago-12                  Yorkville-11

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

Sellers accepted contracts that are contingent on the buyers closing on their current home. 6 with a kick-out clause of 72 hours and 7 with 48 hours.

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

Sellers still have confidence in the market to accept these contingencies.  It has been a crazy year but the market has been good!

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                 476           792                699

Totals                    11739      10705           13363

The closed column is the most important one to look at.  These are actual numbers.  New and contracts accepted might not be because of listings relisted as new even though they are not.  Contracts can get accepted and not make it through the home inspection and attorney review period and go back on the market and then come up as contract accepted again.

Check back with us next week and we will also look back at 2019 and 2018.  I do that at the end of each month so you can see how the market is doing compared to those other 2 years.

Contact us

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

Thinking about selling your home?  Request a home valuation and we will show you what it is work in today’s market.  I will provide you with a net proceeds that shows you an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  Get your tax returns for 2 years, check stubs, bank statements and anything you pay monthly together and call a loan officer to get prequalified.  They will tell you the price range and what type of loan will work out best for your situation.  If you need recommendations I would be happy to give you a few names and numbers to contact and you can choose who you want to work with.  They will give you a letter showing what you qualify for and that will go with an offer when you find a home.  If it is older than 30 days it will need to be updated.

Check out some great resources:

If you are looking for other types of information let me know I would be happy to tell you where to look.  Some of the links provided also give you other information that you might be interested in.

Market update Fox Valley week 47.  Have a great week!

Market update Fox Valley week 47Kristine 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-February 16, 2019

Market Update Fox Valley-February 16 2019Market update Fox Valley-February 16 2019.  New listings were down this week.  265 this week compared to 325 last week.  That puts at 771 for the month so far.  January New listings were 878 total so we are only halfway through the month and we have almost met last months total.  They will keep picking up as we head into Spring market.

Closed listings were up this week.  118 this week compared to 84 last week.  That puts us at 343 for the month so far. January Closed listings were 407 total.  We have almost met that total as well.  Closed listings should increase 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 32 $118,000-$640,000                                        Closed-21 $90,000-$440,000

Bolingbrook-New 18 $149,000-$425,000                                Closed-12 $138,500-$346,000

Geneva-New 14 $249,900-$779,900                                       Closed-4 $268,000-$387,000

Montgomery-New 10 $167,000-$309,000                               Closed-4 $105,000-$242,500

Naperville-New 68 $225,000-1,050,000                                  Closed-17 $192,500-$550,000

Oswego-New 11 $230,000-$435,900                                      Closed-1 $160,000

Plainfield-New 22 $239,900-$625,000                                   Closed-14 $210,000-$385,000

St Charles/Campton Hills-New 24 $129,500-$1,400,000       Closed-9 $163,000-$760,000

West Chicago-New 11 $159,700-$645,000                            Closed-5 $115,000-$320,000

Contracts Accepted this Week

Market Update Fox Valley-February 16 2019-Contracts Accepted this WeekContracts accepted by Sellers this week were slightly up this week.   224 this week compared to 209 last week.  That makes 614 accepted contracts so far this month.  There were 608 contacts accepted by Sellers in the month of January.  We have already past those totals.  This gives you an idea of the closings that will be coming up if they make it through the process of inspections, attorney review and loans getting approved.

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

Aurora-40                            Bolingbrook-20                                Geneva-11                                      Montgomery-14

Naperville-32                       Plainfield-26                                     St Charles/Campton Hills-19          Yorkville-11

Short Sales accepted by Sellers this week were 6.  Last week there was only 1.  2 were in Bolingbrook & Naperville this week and only 1 each in Montgomery & 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 closing of the Buyers current home.  4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contingent contracts were also accepted by Sellers that the Buyers still need to sell and close on their current home.  4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.  We make it our business to find the perfect fit for your needs.

Now is the time to get your home on the market so you don’t miss out on the best time of the year to sell.  Spring market is when it is the busiest of the year.

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

Things to check out:

Market update Fox Valley-February 16 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

New tool to search for homes

Market Update Fox Valley

Market Update Fox Valley-January 12 2019

Market Update Fox Valley-January 12 2019. New listings are really starting to pick up.  279 new listings this week compared to 166 last week.  Buyers you now have more choices to choose from.  If you need to update your preapproval letter now is the time to do that.  It should be no older than 30 days.

Closing this week were pretty close to last week.  101 closings this week compared to 109 last week.  Last week some of them were ones that didn’t close by the end of December and had to carry over into the new month. The beginning of the month is usually slower with closings.  They should pick up as we get closer to the end of the month.  That is when most buyers want to close so they can bring less money to closing.

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

Aurora-New 38 $132,500-$499,000                                           Closed-12 $50,500-$359,900

Bolingbrook-New 13 $159,900-$395,000                                   Closed-10 $145,000-$402,000

Geneva-New 10 $195,000-$929,900                                         Closed-5 $205,000-$522,153

Naperville-New 65 $249,000-$1,225,000                                   Closed-17 $150,000-$1,260,000

Plainfield-New 42 $174,000-$725,000                                       Closed-10 $167,000-$475,000

St Charles/Campton Hills-New 27 $225,000-$1,200,000          Closed-8 $244,000-$625,000

Yorkville-New 16 $199,900-$499,900                                        Closed-2 $207,500-$365,000

Contracts Accepted this Week

Market Update Fox Valley-January 12 2019-Contracts Accepted this Week

Contracts accepted this week were slightly up.  129 contracts accepted by Sellers this week compared to 114 last week.  Things are starting to pick back up after the holidays.  More inventory might get even more people out this week.  If you are thinking about selling now is a good time to beat the Spring rush where you will have more competition to sell.

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

Aurora-21                          Bolingbrook-15                       Naperville-20

Plainfield-18                      St Charles/Campton Hills-13

Accepted contracts for short sales doubled this week.  8 this week compared to 4 last week.  Now they will be submitted to the lender to see if they will also accept as written.  These numbers are still very low and we hope they stay that way.  2 of those were properties in Aurora and 1 each in Batavia, Bolingbrook, Montgomery, North Aurora, St Charles/Campton Hills & West Chicago.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing.  3 with a kick-out clause of 72 hours, 2 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 before purchasing.  1 with a kick-out clause of 72 hours and also 1 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether you are buying or selling a home.  We make it our business to find you the perfect fit for your needs.

Do you need to find a loan officer?  We can make some recommendations of ones we have successfully worked with so you can get preapproved.  The letter they provide you with will need to go with an offer when we find a home that you like.

Thinking about selling this year?  Contact us to update the value on your home in the current market and let you know what you need to do to get your home market ready.  We will provide you with a net proceeds that is an estimate of expenses to sell.  This will be updated when an offer comes in and we know all of the terms so you can make an informed decision.

Things you might want to check out:

This market update is for Single Family homes only.  If you would like information on other types of properties let us know.  We would be happy to provide it to you.

Market update Fox Valley-January 12 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018.  Improved market this week!  New listings this week 175 compared to 156 last week.  We had to get past Thanksgiving and a snow storm.

Closings were down this week.  164 this week compared to 180 last week. That is the difference between the last week of the month to the first week of the month.  These numbers should improve as we head into the end of the month and end of the year.

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

Aurora-New 26 $85,500-$400,000                                               Closed-21 $110,000-$460,000

Batavia-New 5 $270,000-$359,900                                              Closed-12 $149,000-$909,220

Bolingbrook-New 10 $160,000-$324,000                                     Closed-12 $155,000-$362,500

Naperville-New 22 $224,900-$2,399,000                                     Closed-28 $190,525-$645,000

Plainfield-New 22 $224,900-$698,000                                         Closed-24 $208,000-$445,000

St Charles/Campton Hills-New 23 $164,900-$650,000               Closed-15 $227,000-$2,000,000

Yorkville-12 $267,060-$365,546                                                  Closed-11 $175,000-$375,000

First 2 million dollar sale in Kane County this year! It was in St Charles and it was a cash deal.

Contracts Accepted this Week

Contracts accepted this week were slightly up. 138 this week compared to 128 last week.  We just had to get past a holiday and a snow storm.

Short sales were also slightly up this week. 6 this week compared to 2 last week.  They still remain low so that is a good thing.  2 of them were in Aurora.  1 each in Bolingbrook, Plainfield, St Charles/Campton Hills and Sycamore.  Now they will be submitted to the lender to see if they will also accept contract as written.

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

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours and 2 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best. We make it our business to find the perfect fit for your needs.

Let us update the current value on your home in today’s market.  We will provide you with a net proceeds that will show you an estimate of expenses.  Let you know what you need to do to get your home market ready.

If you are thinking about purchasing a home your first step is to contact a loan officer and get pre-qualified.  They will provide you with a letter that will go with an offer when we find a home.  It will say what type of loan you are going for and how much you qualify for so a seller will feel comfortable accepting your offer.

Things you might want to check out:

Market Update Fox Valley-December 8 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-November 3 2018

Market Update Fox Valley-November 3 2018Market update Fox Valley-November 3 2018.  The market was slightly down this week.  219 this week compared to 223 last week.  I guess Halloween was not too much of a distraction.

Closed listing this week were significantly up.  262 this week compared to 192 last week.  Monday, Tuesday and Wednesday were the last 3 days of the month.  Buyers like to close the end of the month so they bring less interest to closing.

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

Aurora-New 42 $75,000-$529,500                                                      Closed-52 $90,000-$523,000

Bolingbrook-New 16 $155,000-$389,900                                          Closed-24 $160,000-$381,500

Geneva-New  10 $265,000-$624,900                                                 Closed-7 $150,000-$651,000

Montgomery-New 5 $148,000-$289,222                                           Closed-13 $152,700-$320,000

Naperville-New 38 $200,000-$1,750,000                                           Closed-37 $181,500-$1,385,000

Oswego-New 12 $149,900-$389,900                                                  Closed-12 $125,000-$375,000

Plainfield-New 19 $178,500-$699,900                                                Closed-34 $160,000-$412,500

St Charles/Campton Hills-New 27 $130,000-$2,585,000                Closed-15 $175,000-$597,000

West Chicago-New 10 $115,000-$390,000                                        Closed-9 $153,000-$457,703

Yorkville-New 5 $229,990-$259,000                                                    Closed-10 $145,000-$314,600

Contracts Accepted this Week

Market Update Fox Valley-November 3 2018-Contracts Accepted this WeekContracts accepted this week were down.  157 this week compared to 177 last week.  Price adjustments might need to be made to get more interest on existing homes.

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

Aurora-23                                  Bolingbrook-11                                           Naperville-20

Plainfield-27                             St Charles/Campton Hills-10

Short sales are still very low.  3 accepted this week compared to 6 last week.  Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts with a contingency of Buyers closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

Contact us

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

If you are thinking about selling a home let us update the value in the current market and provide you with a net proceeds so you have an idea of expenses to sell.

Learn more from these links:

Thinking about buying?   You  will need to contact a loan officer to get qualified.  They will let you know the type of loan that is best and what price range you should stay in.  You will be provided with a letter that will go with an offer when you find a home.

The interest rate you are offered will be determined on your credit score. If you need to work on it they can help you to do the right things to bring it up.

Market update Fox Valley-November 3 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-October 27 2018

Market Update Fox Valley-October 27 2018
October 27, 2018
Market Update Fox Valley October 28 2017
October 28, 2017

 

 

 

 

 

 

 

 

 

Market Update Fox Valley-October 27 2018.  New listings this week were down.  223 this week compared to 269 last week. 

Closed listings were up.  192 this week compared to 188 last week. That is to be expected with the last week of the month.

I posted above the picture of this week and this week last year.  Talk about being right on target.  You can’t compare closer than this.

This week 223 new listings and 192 closed.  Last year this week 223 new listings and 194 closed.

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

Aurora-New 29 $79,500-$452,000                                                      Closed-28 $75,000-$390,000

Bolingbrook-New 12 $159,000-$415,000                                          Closed-12 $132,100-$365,500

Geneva-13 $189,900-$775,000                                                           Closed-6 $283,595-$563,750

Naperville-43 $245,000-$1,975,000                                                   Closed-30 $238,000-$1,120,000

Plainfield-24 $195,000-$815,000                                                       Closed-29 $174,000-$437,500

St Charles/Campton Hills-16 $207,500-$874,900                          Closed-22 $150,000-$640,000

Sycamore-New 13 $98,900-$324,836                                              Closed-3 $81,000-$320,000

Contracts Accepted this Week

Market Update Fox Valley-October 27 2018-Contracts Accepted this WeekContracts accepted this week were down.  177 this week compared 192 last week.

Take a look at the communities that Seller’s accepted the most contracts:

Aurora-29                                    Batavia-11                                      Bolingbrook-12

Naperville-22                              Plainfield-29                                   St Charles/Campton Hills-15

Short sales this week are staying consistently low.  6 this week compared to 4 last week.  Now they will submitted to the lender to see if they will also accept as written.

Seller’s accepted contracts that are contingent on the Buyer’s current home closing.  3 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Seller’s that the Buyer’s current home needs to sell and close before purchasing. 1 with a kick-out clause of 72 hours and 5 with 48 hours.

Contact us

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

Selling a home during the holidays can be challenging and exciting.  Priced right you can be in a new home before the holidays.  You will not have as much competition as you do in Spring market.  We can update the value of your home in the current market and provide you with a net proceeds so you have an estimate of expenses. This will be updated when an offer comes in so you can make a good decision.

If you are just starting to look at homes you will want to learn about the different types of loans and the process.  Then contact a loan officer to determine the price range that works for you. You will be provided with a letter from the lender showing what you qualify for. This will be submitted with your offer when you find a home.  It needs to be updated if it is older than 30 days.

Keep up to date with interest rates. They might be on the way up.  The interest rate you will be offered will be determined on your credit score.

You should always check to see if you qualify for any help with down payment assistance or closing costs.  If you are a teacher, veteran or police officer you definitely should check.  Illinois and some communities also offer assistance.  Check the community website that you are looking in to see if they also offer any help.

Are you a Veteran? You might want to check the requirements and process for getting a VA loan.  Find a lender that does a lot of these loans so everything goes smoothly.

Market update Fox Valley-October 27 2018.  Have great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com