Fox Valley home prices February 5 2022

ox Valley home prices February 5 2022

Fox valley home prices February 5 2022.  The tight market continues.  It is like a broken record.  New listings this week 113, last week 112.  Almost identical

Closed listings this week were up.  164 this week compared to 121 the previous week.  They will increase as we get closer to the end of the month.

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

Aurora-New 12 $179,000-$483,600

            Closed 40 $85,000-$569,500

Bolingbrook-New 11 $229,500-$635,000

                    Closed-14 $235,000-540,000

Naperville-New 20 $299,900-$2,200,000

                 Closed-22 $330,000-$1,780,000

Plainfield-New 14 $290,000-$969,000

                Closed-24 $251,000-$695,000

St Charles-New 17 $175,000-$1,700,000

                  Closed-8 $213,000-$560,000

Financing used, median prices and 2,000 SF or more

Listings this week had a median price of $375,000, last week $329,900.

Closed homes had a median price of $344,000. last week $325,000.

Stats 020522
Stats February 5 2022

Conventional financing was used to close 113 homes at median price of $381,000, last week 74 homes at median price of $344,000.

Conv 020522
Conventional financing used this week

Cash was used to close 23 homes at a median price of $281,615, last week 18 at median price of $197,750.

Cash 020522
Cash used for the week February 5 2022

FHA financing was used to close 22 homes at median price of $306,000, last week 18 homes at median price of $250,000.

FHA 020522
FHA financing used the week of February 5 2022

VA financing was used to close 6 homes this week at a median price of $301,500, last week 11 at a median price of $387,000.

VA 020522
VA financing used the week of February 5 2022

The pandemic has changed what people are looking for in a home.  So many are now working from home and need more space for a home office or just have learned that they need more space.  This week 98 homes closed that were 2,000 square feet or more at a median price of $426,000, last week 59 homes closed at a median price of $394,990.  The minimum price of 2,000 square feet or more closed this week at a price of $85,000, last week $185,300.

Things change from day to day so you have to keep a close eye everyday for  the right home to hit the market and be ready.

Contracts accepted this week

Contracts accepted this week were not too far off the week before.  170 this week compared to 178 the week before.  That is pretty consistent.

Fox Valley home prices February 5 2022-Contracts accepted this week

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

Aurora-27                      Bolingbrook-14

Geneva-10                      Naperville-20

Oswego-14                     Plainfield-20

St Charles-13                 Yorkville-10

1 short sale was accepted by a seller this week.  It was in Aurora.  Now it will be submitted to the lender to see if they will also accept.

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

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

The median list price of a single family home this week that a contract was accepted was $349,900 and the average days on market 40 days, lat week it was $378,587 with average days on market 44 days.

Stats Contingent 020522
Contingent Stats February 5 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492               623

February         113          164               170

Check back with us every Saturday for the real estate market update.  At the end of each month we take a look back at 2021 and 2020 so you can see how the market is doing this year compared to those 2 years.

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.

Get yourself in the best position by contacting a loan officer and getting them all your financial documents so they can get you pre approved and put you through the underwriting process so you are ready to go.  When you find the home you like, you will not have to wait and possibly lose out on a home.

Request a home valuation if you are thinking about moving and selling your home.  Tell us a little bit about your home and what has been updated recently.  We will let you know what it is worth in today’s market.  You will also be provided 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.

Resources

Types of loans and the process

VA loans and the requirements

Current interest rates ( ask your loan officer what rate they are offering.  It depends on your credit score)

Down payment assistance

IHDA programs

Let us know what other information you are looking for so we can point you in the right direction.

All data used is form our MLS MRED, LLC.

Fox Valley home prices February 5 2022.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Kriss New profile for FB 123121

Fox Valley home prices December 25 2021

Fox Valley home prices December 25 2021

Fox Valley home prices December 25 2021.  Merry Christmas!  New listings of single family homes are way down.  43 this week compared to the previous week 84.  When it gets close to the holidays it slows down.

Closed listings are down, but not that much.  186 this week compared to the previous week 230.  Next week is the last week of the year.

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

Aurora-New 7 $170.000-$899,000

            Closed-28 $135,500-$718,000

Bolingbrook-New 5 $215,000-$450,000

                   Closed-19 $230,000-$531,000

Naperville-New 3 $325,000-$484,900

                 Closed-25 $298,000-$1,555,000

Oswego-New 1 $349,000

             Closed-12 $230,000-$570,170

Plainfield-New 5 $290,000-$740,000

                Closed-20 $197,500-$560,000

Yorkville-New 8 $265,000-$600,000

               Closed-11 $235,000-$450,000

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

The median list price of single family homes this week was $339,000, last week $349,900.

Closed single family homes median price was $335,500, last week $357,500.

Stats December 25 2021
Stats December 25 2021

138 of the 186 homes closed using Conventional financing this week with a median price of $350,000, last week 164 at $380,000.

Conventional Financing December 25 2021
Conventional Financing December 25 2021

Cash was used to closed 11 homes this week with a median price of $291,500, last week 30 at $332,500.

Cash December 25 2021
Cash December 25 2021

FHA financing was used to close 28 at a median price of $256,500, last week 23 at $279,000.

FHA financing December 25 2021
FHA financing December 25 2021

VA financing was used to close 7 homes with a median price of $361,000, last week 13 at $375,000

VA financing December 25 2021
VA financing December 25 2021

Homes that were 2,000 square feet or more closed 99 with a median price of $412,500, last week 143 closed with median price of $420,000.  Minimum price was $239,000, last week $233,500.

2000 SF or more December 25 2021
2000 SF or more December 25 2021

Contracts accepted this week.

Fox Valley home prices December 25 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  120 this week compared 143 the previous week.

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

Aurora-15                         Naperville-19

Plainfield-21

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

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours.

2021 by the month

Month        New   Closed   Contracts accepted

January          543         649              829

February        561          604              778

March            993         1099            1455

April             1006          629            1387

May              1088         1288            1289

June             1450         1686            1671

July               1118          1182            1210

August          1109          1203            1170

September   1083           1411            1251

October         715            973             930

November      557            854             931

December      307            870             551

Totals     10530     12448      13452

Next week is the last week of the year.  We will compare to 2020 and 2019 so you can see how this year did compared to the previous 2 years.  You will see more closed homes this year than the previous 2 years even with such low inventory.

Buyers are still out there looking for homes to come on the market.  So many of them lost out to multiple offer situations.

2022 looks to be more of the same.  There is a shortage of homes across the nation.  Until more homes are built or converted we will see prices increase.

Check back with us every Saturday for the real estate market update.

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.

If you are thinking about buying a home you need to get pre approved with a loan officer.  Get all your financial information together and get it to them so they can get your pre approved.  In this market you have to be ready.  If you have already gone through this make sure it is up-to-date.  The pre approval letter needs to be 30 days or less.

Request a home valuation if you are thinking about selling.  Tellus about your home and what has been recently updated.  We will let you know what your home is worth in today’s market  and give you and estimate of expenses to sell. The net proceeds will be updated when an offer comes in and we know all the terms.

Resources:

Check with your loan officer for the rates you will get based on your credit score.  If you need to improve your credit score they can help you with that.  They also might offer some assistance but you need to ask.

If you are on Facebook you can go to our page and click on the “shop now” button and search for homes there.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 25 2021.  Merry Christmas!  Have a great week.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021.  New listings of single family homes are drastically down.  82 this week compared to 153 the previous week.

Closed listings of single family homes are also down.  158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday.  Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

            Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

                   Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

                 Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

                Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

                  Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities.  You might find something that fits your needs.

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

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

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021
Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021
Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021
FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000.  Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021
2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down.  191 this week compared to 235 the previous week.  That is not too bad with this short holiday week.

Fox Valley home prices November 27 2021-Contracts accepted this week

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

Aurora-26                       Bolingbrook-18

Montgomery-15               Naperville-29

Plainfield-20                   St Charles-11

3 short sales were accepted by seller’s this week.  2 in Oswego and 1 in Minooka.  Now they will get submitted to the lender to see fi they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

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

2021 by the month and a look back at 2020 and 2019

2021

Month       New    Closed  Contracts accepted

January         543          649          829

February       561           604          778

March           993         1099         1455

April            1006          926         1387

May             1088         1288         1289

June           1450      1686     1671

July              1118          1182         1210

August         1109         1203          1170

September  1083          1411          1251

October        715           973           930

November     557           854           931

Totals    10223     11875    12901

2020

January       1105           566           858

February     1267           529         1024

March         1186            707         1079

April            648            786           775

May            1352           1010         1444

June           1232            908         1534

July           1417          1453        1852

August       1037           1335         1436

September 1176           1503        1503

October      843            1116          1159

November   567             985           699

Totals   11830      10898    13363

2019

January      878             407           568

February   1032             463           832

March        1731             915         1375

April          1594            792           1307

May           1645           995           1280

June          1643          1253            1218

July           1423          1008            1090

August      1585          1330            1196

September1164             765             869

October    1041             738             776

November  897             946             839

Totals  14633        9612      11350

This year had the best sold homes with the least amount of new listings.  That is the column that is most important.  June was the best month over all this year. 

Most years it is the Spring months that see the most new listings.  The economist’s keep saying we will see more of the same next year.  We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings.  There might be more movement where the projects are.  Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019.  That is the reason for the price increases.  Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

Contact us

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

Thinking about moving anytime soon?  Request a home valuation and give us some details about your home and what has recently been updated.  We will provide you with a net proceeds that shows an estimate of expenses to sell.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead  It might take some time to find a home.  You will need to get all your financial information together and get it to a loan officer so they can pre approve you.  They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score.  They might also offer some assistance.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 20 2021

Fox Valley home prices November 20 2021
Activity this week

Fox Valley home prices November 20 2021.  New listings of single family homes were up.  153 this week compared to 139 the previous week.  There are ups and downs throughout the year, but there is activity every week.  Some months are slower, but there is always a need to sell for many different reasons.  If you are still waiting for a home to come up that is right for you be patient.

Closed listings of single family homes was also up.  260 this week compared to 206 the previous week.  It can be tricky trying to close before and after a holiday.  The next couple of weeks some closings might be shuffled around because of scheduling issues.

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

Aurora-New 23 $115,000-$498,900

            Closed-41 $88,900-$530,000

Bolingbrook-New 13 $210,000-$490,000

                    Closed-20 $220,000-$520,000

Montgomery-New 8 $179,900-$350,000

                     Closed-12 $175,000-$405,000

Naperville-New 20 $349,900-$4,700,000

                  Closed-42 $262,500-$1,659,205

Oswego-New 6 $120,000-$795,000

              Closed-16 $219,000-$510,000

Plainfield-New 21 $249,900-$564,900

                Closed-30 $220,000-$715,000

St Charles-New 8 $305,000-$695,000

                  Closed-21 $140,000-$1,099,000

Yorkville-New 8 $240,000-$450,000

               Closed-15 $215,000-$563,950

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

Median list price this week $359,000, last week $340,000

Closed listings had a median price of $367,944, last week $338,749.

Stats November 20 2021
Stats this week

Conventional financing was the most used this week.  185 at median price of $390,990, last week 140 at median price of $363,500.

Cash deals closed this week with 26 at median price of $377,000, last week 29 at median price of $345,000.

Conventional and Cash November 20 2021
Conventional and Cash

FHA deals closed this week with 36 at median price of $286,945, last week 31 at median price of $273,000.

VA deals closed this week with 11 at median price of $374,900, last week 5 at median price of $285,000

FHA and VA November 20 2021
FHA and VA

2,000 or more square feet closed this week with 158 at a median price of $435,000, last week 107 with a median price of $430,000.  Minimum closed price this week $255,000, last week $139,000.  This give you an idea of prices in the Fox Valley area if you are looking for more square footage.

2000 or more SF November 20 2021
2,000 or more square feet

Contracts accepted this week

"Fox

Accepted contracts this week in the Fox Valley area of single family homes was up.  235 this week compared to 227 the previous week.  New listings were way down last week so this is good news.  Homes that might of been overlooked received contracts.

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

Aurora-33                      Batavia-12

Bolingbrook-22               Geneva-10

Naperville-33                 Plainfield-28

St Charles-15                 Sycamore-11

West Chicago-10            Yorkville-13

No short sales were accepted by seller’s this week.  That does not mean that they are not out there, but most homes have appreciated enough that they do not have to sell short.

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

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

2021 by the month

Month      New     Closed   Contracts accepted

January       543            649                    829

February     561             604                    778

March         993           1099                   1455

April          1006            926                   1387

May           1088           1288                   1289

June          1450           1686                   1671 

July            1118            1182                   1210

August       1109            1203                   1170

September1083            1411                   1251

October      715             973                    930 

November   475             696                    740   

Totals   10141      11717          12710

June was the best month for all three.  Sales tend to slow down the last 2 months of the year.  We are already ahead of January and February with closed homes and we have a little more than a week to go.

New listings have slowed down.  Buyers are still out there waiting for more homes to come on the market.  Prices have slowed some buyers down, but there are still buyers out there ready to buy even though prices have increased.

Contact us

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

Thinking about selling your home?  Request a home valuation and give us some information about your home and what has been updated recently.  Roof, siding, wiring, plumbing, furnace, Air conditioning, interior paint, remodeled kitchen or baths.  Any additions or professional landscaping.  Did you get permits?  We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you will need to get pre approved with a loan officer.  Get all your financial information together and submit them to a loan officer so they can get you pre approved.  They will give you a letter showing what type of loan and how much you qualify for.  We will submit this with an offer when you find a home so you can show the seller that you do qualify for their home.

Resources:

Check with your loan officer for the current rates that you qualify for with your credit score.  They also might offer some assistance so it is always good to have that conversation with them.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 20 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021.  New listings of single family homes are way down.  139 this week compared to 183 the week before.  Competition is way down right now if you are thinking about selling.

Closed single family homes this week were also down.  206 this week compared to 230 the week before.  This is understandable since we are at the beginning of the month.  Most buyers want to close at the end of the month.

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

Aurora-New 24 $130,000-$745,000

            Closed-42 $135,000-$525,000

Bolingbrook-New 7 $175,000-$500,000

                    Closed-28 $217,000-$1,020,000

Elburn-New 12 $210,000-$920,000

Naperville-New 14 $222,000-$935,000

                 Closed-30 $320,000-$1,575,000

Oswego-New 8 $235,000-$500,000

              Closed-11 $260,000-$525,000

Plainfield-New 15 $229,900-$674,900

                Closed-23 $218,000-$575,000

St Charles-New 16 $250,000-$1,299,000

                  Closed-19 $180,000-$1,235,000

We hope to see improvement this week with new homes coming on the market.

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

Median list price this week $340,000, last week $350,000.

Closed median price this week $338,749, last week $350,000.

Stats November 13 2021
Median prices this week

Conventional closed single family homes 140 at a median price of $363,500, last week 149 at $370,000.

Cash closed 29 with a median price of $345,000, last week 22 at $290,000.

Conventional and Cash November 13 2021
Conventional and Cash

FHA closed 31 with a median price $273,000, last week 48 at $305,000.

VA closed 5 with a median price of $285,000, last week 11 at $271,000.

FHA and VA November 13 2021
FHA and VA Financing

2,000 or more square feet closed 107 with a median price of $430,000, last week 129 at $420,890.  Minimum price this week $139,000, last week $240,000.  This gives you an idea of the prices if you are thinking about buying a home with a little bit more space.

2000 SF or more November 13 2021
2000 or more square feet

Contracts accepted this week

Fox Valley home prices November 13 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  227 this week compared to 278 the week before.   Next week we hope to increase the new listings so there is more available to buyers.

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

Aurora-32                          Batavia-13

Bolingbrook-19                   Naperville-28

Oswego-14                         Plainfield-37

St Charles-17                    West Chicago-12

1 short sale was accepted by a seller this week.  It was in Aurora.  Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent to the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 6 with 48 hours.

2021 by the month

Month        New     Closed     Contracts accepted

January           543           649                 829

February         561            604                 778

March             993           1099               1455

April              1006            926               1387

May               1088           1288               1289

June              1450           1686               1671

July                1118            1182               1210

August           1109            1203               1170

September    1083             1411               1251

October          715              973                930

November       322              436                505

Totals       9988       11457        12475

June was the most active month so far this year across the board with new listings, closed and contracts accepted.  All signs look like 2022 will be similar to this year.  Prices might not go up as fast as they did this year.  Until more homes are built or commercial property converted to residential purposes inventory will not increase.  There just is not enough homes for the need.

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.
I have been attending our National Association of REALTORS® Conference virtually yesterday, today and tomorrow.  They have had some great sessions.  Talking about the economy, appraisals in today’s market and so much more.  They are holding it out in San Diego.   One of my favorite places.

Thinking about selling your home in the near future?  Request a home valuation and give us a little information about your  home and what has recently been updated.  We will let you know what it is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms.  If you are planning on waiting until after the first of the year.  We can update closer to when you are ready.

You might want to plan ahead if you are thinking about buying a home and are wanting to do that by a certain date.  You will need to get all your financial information together and get it to a loan officer if you haven’t already done that.  You need to get pre approved.  They will give you a letter after they are completed that shows what type of loan and how much you qualify for.  This will go with an offer when you find a home.

Resources:

You will want to check with your loan officer for the rates that they are currently offering with your credit score.

Do you need recommendations for loan officers, real estate attorney, or home inspector?  We can provide you a few of each so you can contact them and decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 13 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

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