Fox Valley home prices May 7

Fox Valley Home Prices April 23

Fox Valley home prices May 7.  New listings of single family homes are up.  255 this week compared to 232 the previous week. A great way to start the month!

Closed listings of single family homes were also up.  241 this week compared to 217 the previous week.

Fox Valley home prices May 7

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

Aurora-New 40 $85,900-$625,000

             Closed-31 $135,500-$650,000

Bolingbrook-New 17 $254,900-$694,999

                    Closed-16 $225,000-$695,000

Geneva-New 13 $235,000-$1,299,000

             Closed-11 $255,000-$875,000

Naperville-New 43 $350,000-$2,200,000

                  Closed-52 $300,000-$1,675,000

Oswego-New 14 $315,000-$530,000

              Closed-17 $275,000-$750,000

Plainfield-New 26 $280,000-$599,900

                Closed-26 $295,000-$670,000

St Charles-New 27 $214,028-$1,799,000

                  Closed-22 $250,000-$1,085,000

Yorkville-New 15 $229,900-$995,000

               Closed-9 $300,000-$699,900

Other communities had activity this week.  Please look at the photo above to see the home prices in those communities.  You just might find home prices that are more appealing.

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

Median list price this week in the Fox Valley area of Illinois is $414,450, last week $399,900

Closed median price on single family homes this week $400,000, last week $393,717.

Stats 050722
Stats for week ending May 7

Conventional financing was used to close on 178 homes at median price of $425750 with 24 days average market time, last week 170 homes at median price of $415,500 with 27 days average market time.

Conv 050722
Conventional financing used for week ending May 7 

Cash was used to close on 32 homes this week with a median price of $390,500 and 18 days average market time, last week 27 homes at median price of $370,000 with 27 days average market time.

CAsh 050722
Cash used to close for week ending May 7

FHA financing was used to close on 25 homes this week with a medium price of $255,000 with 24 days average market time, last week 16 homes at median price of $307,500 with 27 days average market time.

FHA 050722
FHA financing used to close for week ending May 7

VA financing was used to close on 5 homes with a median price of $590,000 with 18 days average market time, last week 4 homes at median price of $332,500 with 6 days average market time.

VA 050722
VA financing used to close for week ending May 7

2,000 square feet or more closed on 144 homes with a median price of $496,250 with 31 days average market time, last week 140 homes with a median price of $473,142 with 20 days average market time.  Minimum price this week on a 2,000 SF home was $200,000, last week $258,000.

2000 SF or more 050722
2,000 SF homes closed for week ending May 7

Contracts accepted this week

Contracts accepted this week on single family homes were down.  272 this week compared to 325 the previous week.

Fox Valley home prices May 7-Contracts accepted this week

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

Aurora-39                       Bolingbrook-27

Geneva-11                        Naperville-49

Oswego-19                      Plainfield-29

St Charles-15

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. 4 with a kick-out clause of 48 hours, and 2 with 24 hours.

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

Median price this week for homes that went under contract was $$399,900 with 22 days average market time, last week median price was $405,000 with 20 days average market time.

Contingent Stats 050722
Contingent stats for week ending May 7

2022 by the month

Month       New   Closed   Contracts accepted

January         422         492             623

February       523         520             724

March           734         904             890

April            1168         966            1334

May              255         241              272

Totals      3102    3123        3843

Check back with us every Saturday for the real estate market update here in the Fox Valley area of Illinois.  At the end of each month we take a look back at 2021 and 2020 so you can see how this year is going compared to the previous 2 years.

May will need to increase the numbers for new listings if it is going to reach April numbers.

Resources

Click on anything that is in bold letters an underlined and it will take you to the site for the information.  If there is information not listed here that you are looking for just let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  They will help you if you need to bring up your score.

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 this year you need to contact a loan officer and get them all your financial information.  You need to go through the underwriting process so you know what you are approved for before starting to look at homes.  You will be at a disadvantage if you do not go through this process.  Homes are going under contract quickly and seller’s are looking for a buyer that is ready to go without having to wait to see if you qualify.

Request a home valuation if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will provide you with a net proceeds that shows you and estimate of expenses to sell.  When an offer comes in and we know all the terms we will update the net proceeds so you can make a good decision.

You can sign-up for email alerts to keep an eye on the market.

If you use Facebook you can go to our business page and look for the button “shop now” and search anywhere in Illinois.

You can also contact us and we can set you up to receive listings in real time as soon as they hit the market.  Let us know what areas you are looking at. How many bedrooms and other criteria that is important to you.

All data provided today is from our MLS system.  MRED, LLC.  It updates constantly so the information I downloaded this morning is not the same as it is right now.

Fox Valley home prices May 7.  Have an awesome week!  The temperatures should increase as the week goes forward.

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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices April 30

Fox Valley Home Prices April 23

Fox Valley home prices April 30.  New listings of single family homes are down.  232 this week compared to 302 the previous week.  This is not heading in the right direction.  We need to keep increasing the amount of homes listed to keep up with the demand.

Closed listings this week are slightly up.  217 this week compared to 198 the previous week.  Most buyers want to close at the end of the month.

Fox Valley home prices April 30

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

Aurora-New 29 $129,000-$925,000

            Closed-27 $135,000-$550,000

Bolingbrook-New 20 $275,000-$525,000

                     Closed-15 $191,500-$510,000

Geneva-New 12 $239,500-$799,900

              Closed-11 $260,000-$810,344

Naperville-New 50 $285,000-$1,525,000

                  Closed-41 $286,500-$1,450,000

Oswego-New 16 $160,000-$650,000

               Closed-9 $224,000-$705,558

Plainfield-New 24 $199,000-$659,900

                 Closed-34 $215,000-$970,000

St Charles-New 18 $274,900-$838,000

                  Closed-16 $270,000-$1,350,000

Yorkville-New 7 $255,000-$499,900

                Closed-12 $220,000-$475,000

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

Median list price this week $399,900, last week $410,000.

Closed median price this week $393,717, last week $389,000

Stats 043022
Median listed and closed Stats for week ending April 30

Conventional financing was used to close on 170 homes this week at a median price of $415,500 in 20 days average market time, last week 152 homes closed at median price of $395,000 with 27 days average market time.

Conv 043022
Conventional financing used for week ending April 30

Buyers used cash to close on 27 single family homes with a median price of $370,000 and 29 days average market time, last week buyers closed on 23 homes with a median price of $470,000 and 12 days average market time.

Cash 043022
Cash used to close for week ending April 30

FHA financing was used to close on 16 homes with a median price of $307,500 and 27 days average market days, last week also 16 homes at median price of $287,500 and 12 days average market time.

FHA 043022
FHA financing used to close for week ending April 30

VA financing was used to close on 4 homes with a median price of $332,500 and 6 days average market time, last week 6 homes with a median price of $258,500 and 41 days average market time.

VA 043022
VA financing used to close for week ending April 30

2,000 square feet or more homes closed on 140 single family homes with a median price of $473,142 and 20 days average market time, last week 116 homes with a median price of $473,750 and 33 days average market time.  Minimum price this week for a home that is at least 2,000 SF or more closed at $258,000, last week $191,000.

2000 SF or more 043022
Homes that are at least 2,000 SF or more closed for week ending April 30

Contracts accepted this week

Contracts accepted this week were up.  325 this week compared to 245 the previous week.

Fox Valley home prices April 30-Contracts accepted this week

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

Aurora-41                       Bolingbrook-27

Naperville-66                 North Aurora-12

Oswego-17                      Plainfield-40

St Charles-24                 Winfield-11

Yorkville-13

1 short sale was accepted by a seller this week.  It is 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.  3 with a kick-out clause of 72 hours, 10 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 48 hours.

2022 by the month and a look back at 2021 and 2020

2022

Month             New   Closed   Contracts accepted

January                  422         492              623

February                523         520              724

March                    734         904              966

April                     1168         966             1334

Totals           2847     2882        3571

2021

January                 543          649              829

February               561           604              778

March                   993         1099             1455

April                    1006          926             1387

Totals           3103     3278         4449

2020

January               1105          566                858

February             1267          529              1024

March                  1186          707              1079

April                     648          786                775

Totals           4206     2588         3736

2020 had the most new listings with the least amount of closed.  This year we have the least amount of new listings and we are coning in 2nd for closed listings out of the 3 years.

New listings are steadily increasing this year, but not fast enough for the amount of buyers that are looking.

Resources

Click on anything that is underlined to take you to the site to get the information.  If there is any other information that you are looking for just let us know.

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score what interest rate you will be offered. They can help you bring up your score if you need to improve it. 

Get the loan officer all your financial information so they can run you through underwriting so you are ready to go.  When you find a house all you will need to do is home inspection/attorney review, and then you will be ready to order the appraisal.  Just talking to them over the phone and giving them your information isn’t good enough anymore.  You need to take this extra step to get ready before looking for homes.

Request a home valuation if you are thinking about selling your home.  Let us know about your home and what has recently been updated.  We will provide you with a net proceeds that shows you an estimate of the expenses to sell.  When an offer comes in we will update this when we know all the terms.

You can sign-up for email alerts and get listings as they hit the market so you will not miss out on a thing.

If you are on facebook you can go to my business page and click on “shop now” and search anywhere in Illinois.  You can even see what has sold.

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 need names of home inspectors or real estate attorneys we can provide you with a few that we have successfully worked with.

All data provided is from our MLS.  MRED, LLC.  It changes constantly throughout the day as agents update their information with new listings and status changes.

Fox Valley home prices April 30.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices April 23

Fox Valley Home Prices April 23

Fox Valley home prices April 23.  We are here to tell you about the real estate market in the Fox Valley area of Illinois.  If you would like to learn about other areas we can help you with that also.  Communities will be highlighted that have the most activity this week, median prices, financing used, 2,000 Square feet or more, Contracts accepted, 2022 by the month, resources and how to get in touch with us.

New listings of single family homes was up.  302 this week compared to 206 the previous week.  That is quite the jump!  We are so happy to see this.

Closed listings of single family homes was up slightly.  198 this week compared to 190 the previous week.

Fox Valley home prices April 23

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

Aurora-New 37 $125,000-$850,000

            Closed-26 $122,820-$627,500

Batavia-New 11 $275,000-$575,000

            Closed-7 $295,000-$550,000

Bolingbrook-New 15 $189,900-$525,000

                   Closed-13 $260,000-$716,000

Geneva-New 13 $249,000-$1,995,000

            Closed-8 $297,500-$650,000

Naperville-New 72 $324,999-$1,500,000

                 Closed-42 $263,000-$1,600,000

Oswego-New 22 $230,000-$649,900

             Closed-11 $242,000-$888,240

Plainfield-New 34 $239,000-$1,700,000

               Closed-21 $250,000-$668,533

St Charles-New 28 $229,900-$1,300,000

                  Closed-17 $167,000-$679,500

Sugar Grove-New 10 $355,000-$980,000

                    Closed-1 $380,000

Yorkville-New 13 $299,990-$875,000

               Closed-7 $191,000-$575,000

All these numbers will change as the day goes on.  The system updates as agents upload the new listings and closed listings.

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

Median price of single family homes listed this week $410,000, last week $387,000.

Closed homes had a median price of $389,000 this week, last week $391,000.

Stats 042322
Stats for week ending April 23

Conventional financing was used to close 152 homes this week with a median price of $395,000 27 days average market time, last week 144 homes with median price of $402,500 24 days average market time.

Conv 042322
Conventional financing used for week ending April 23

Cash was used to close on 23 homes this week with a median price of $470,000 12 average market time, last week 24 homes with median price of $410,000 8 average market time.

Cash 042322
Cash used to close for week ending April 23

FHA financing was used to close on 16 homes with a median price of $287,500 with 12 average days market time, last week 14 homes with median price of $297,500 with 21 days average market time.

FHA 042322
FHA financing used to close for week ending April 23

VA financing was used to close on 6 homes with median price of $258,500  with 41 days average market time, last week also 6 homes but with median price of $583,500 with 110 average market time.

VA 042322
VA financing used to close for week ending April 23

People looking for a home that was at least 2,000 square feet or more closed on 116 homes with median price of $473,750 with 33 days average market time, last week 116 homes with a median price of $465,750 with 29 days average market time.  The minimum priced home this week was $191,000, last week $175,000.

2000 SF or more 042322
Homes 2,000 SF or more for week ending April 23

Contracts accepted this week

Contracts accepted by sellers was down.  245 this week compared to 297 the previous week.

Fox Valley home prices April 23-Contracts accepted this week

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

Aurora-36                        Bolinbrook-15

Naperville-48                   Oswego-12

Plainfield-33                    St Charles-26

Yorkville-11

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

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

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

Median list price of homes that went under contract this week $399,900 with 25 days average market time, last week $399,000 with 23 days average market time.

Contingent Stats 042322
Contingent Stats for week ending April 23

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492             623

February        523         520             724

March            734         904             890

April              934         749            1009

Totals      2615     2665       3246

New listings are increasing, but so are the closed and under contract.  We need new listings to increase drastically to slow down the increase in prices.  Interest rates are going up.  We are starting to see market time go up and price changes so it is impacting some areas but not all.

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.  At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year compares to the previous 2 years.

Resources

Click on each underlined resource that you want to know more about.  If there is information not listed that you are looking for let us know and we will point you in the right direction.

Types of loan and the process

VA loans and the requirements

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score.  If you need to work on your score they can help you.

Contact us

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

Request a home valuation if you are thinking about selling your home.  Tell us a little bit about your home and what has recently been updated.  We will give you an estimate of what it will sell for and a net proceeds that shows you the expenses to sell.  When an offer comes in we will update the net proceeds showing the terms and price offered so you can make a good decision.

Thinking about buying a home this year.  You need to get all your financial information to a loan officer so they can put you through underwriting so you will know what you are pre approved for and the seller will also feel better accepting your offer knowing you went through this extra step.

Sign-up for email alerts  so you don’t miss out on a home coming on the market.

You can search for me on facebook and click on the “shop now” button to search anywhere in Illinois.

All data provided today is from our MLS.  MRED, LLC.

Fox Valley home prices April 23.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022

Fox Valley home prices February 19 2022.  Winter months are usually the slowest time of the year. Hang in there a couple more weeks. Spring market is right around the corner.

The market picked up 27 more listings of single family homes this week than the previous week.  137 this week compared to 110 the week before.

Closed listings saw a small increase as well.  121 this week compared to 107 the previous week.

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

Aurora-New 22 $134,900-$649,900

            Closed-18 $104,000-$655,000

Bolingbrook-New 7 $189,000-$519,000

                   Closed-10 $267,900-$425,000

Naperville-New 23 $305,000-$2,995,000

                 Closed-20 $320,000-$1,200,000

Oswego-New 11 $250,000-$437,740

             Closed-5 $330,200-$416,990

Plainfield-New 15 $129,900-$805,900

                Closed-14 $185,000-$859,000

St Charles-New 12 $340,000-$1,200,435

                  Closed-9 $175,000-$831,000

Other communities had activity that you can check out on the photo above.  We can also set you up to receive listings of homes in an area that you choose.  Let us know what you are looking for and where and we can set you up to receive as they hit the market so you don’t miss out on a thing.

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

The median list price this week of single family homes was $375,500, last week $345,000.

Homes that closed this week had a median closed price of $374,355. last week $341,000.

Stats February 19 2022
Stats February 19 2022

Conventional financing was used to close on 88 homes with a median price of $397,262, last week 73 homes with median price of $387,000.

Conventional Financing February 19 2022
Conventional Financing February 19 2022

Cash was used to close on 15 homes this week with a median price of $477,500, last week also 15 homes with a median price of $284,500.

Cash February 19 2022
Cash February 19 2022

FHA financing was used to close on 11 homes with a median price of $258,000, last week 16 homes at a median price of $262,500.

FHA Financing February 19 2022
FHA Financing February 19 2022

VA financing was used to close on 7 homes at a median price of $330,000, last week 3 homes at a median price of $290,000.

VA financing February 19 2022
VA financing February 19 2022

72 homes closed that were 2,000 SF or more this week with a median price of $452,500, last week 58 homes at a median price of $422,495.  The minimum price this week $279,900, last week $152,000.

2000 SF or more February 19 2022
2000 SF or more February 19 2022

Contracts accepted this week

Fox Valley home prices February 19 2022-Contracts accepted this week
Fox Valley home prices February 19 2022-Contracts accepted this week

Contracts accepted this week were slightly up.  187 this week compared to 176 the previous week.  Until more homes come on the market the numbers are not going to move very much.

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

Aurora-26                        Bolingbrook-14

Montgomery-10                Naperville-31

Plainfield-30

No short sales were accepted this week.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 48 hours.

The median price of homes that went under contract this week was $369,900 with average market time of 42 days.  Last week the median price was $379,900 with average market time of 40 days.

Stats Contracts accepted February 19 2022
Stats Contracts accepted February 19 2022

2022 by the month

Month        New   Closed   Contracts accepted

January          422         492              623

February        360         392              533

Check back with us every Saturday.  Next week will be the last full week of February so we will also include 2021 and 2020 so you can see how this year is going 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.

It is an awesome time to sell!  Prices are up since there is so little inventory of homes.  Request a home valuation and tell us a little bit about your home.  What have you updated recently?  We will give you a estimate of what your home would sell for in today’s market.  Included will be a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year?  Get all your financial information together and get it to a loan officer so they can give you a letter showing what you are pre approved for.  Make sure you find a loan officer that will run your information through with their underwriters so you are ready to go.  Once you find a home and get it accepted all you need to wait for is updating the title and getting the appraiser out there.

We will guide you through the process every step of the way.

Resources

Types of loans and the process

VA loans and the process

Current interest rates

Down payment assistance

IHDA programs

Check with your loan officer to see what interest rates they are offering you.  It depends on your credit score.  If you need to work on it they will help you.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices February 19 2022.  Have an awesome 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 a home today!

Kriss New profile for FB 123121

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022.  New listings of single family homes are up.  106 this week compared to 42 the previous week.  This is still lower than the first full week of 2021 with 136 new listings.  

Closed listing are down.  122 this week compared to 174 the previous week.  The beginning of the year, and month starts off slow, and then increases as we head into the end of the month closer to Spring market.

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

Aurora-New 18 $160,000-$675,000

            Closed-18 $80,000-$901,100

Naperville-New 14 $349,900-$1,749,000

                 Closed-23 $317,500-$1,200,000

Plainfield-New 14 $199,000-$632,920

                Closed-13 $170,000-$613,013

St Charles-New 6 $250,000-$1,550,000

                  Closed-13 $133,350-$871,027

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

Median list price on single family homes this week $362,500, last week $324,950.

Closed median price this week on single family homes $367,500, last week $326,000.

Stats January 8 2022
Stats January 8 2022

Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.

Conventional financing January 8 2022
Conventional financing January 8 2022

Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.

Cash January 8 2022
Cash January 8 2022

FHA financing was used to close on 14 homes at a median price of $270,500 this week, last week 23 at $251,500 median price.

FHA financing January 8 2022
FHA financing January 8 2022

VA financing was used to close on 6 homes with a median price of $344,495 this week, last week 13 homes at $327,000 median price.

VA financing January 8 2022
VA financing January 8 2022

76 single family homes were closed with 2,000 square feet or more with a median price of $465,750 this week, last week 83 homes were closed at $420,000 median price.

The minimum price for 2,000 square feet or more was $240,000 this week, last week $239,900.  This gives you and idea of prices in the Fox Valley if you are thinking about looking for a larger home with more bedrooms, office or family room.

2000 SF or more January 8 2022
2000 SF or more January 8 2022

Contracts accepted this week

110 contracts were accepted this week by seller’s.  The previous week 101 so it has gone up slightly.

Fox Valley home prices January 8 2022-Contracts accepted this week

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

Aurora-22                   Bolingbrook-14

Naperville-16               Plainfield-17

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 and 1 with 48 hours.

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

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.

Do you have questions about real estate taxes?  What you should do to get your home ready for market?  Do you want guidance after a loved one has passed?

We can’t give you legal advice, but we can help guide you through the process.

Request a home valuation and give us some information about your home and what has recently been updated.  We will give you an idea of market value and what you expenses might be to sell.  When an offer comes in we can give you a better idea when we know all the terms.

Thinking about buying a homes?  Get in contact with a loan officer with all your financial information so they can get you pre approved.  Then you are ready to start looking.

Check out some great resources:

Your interest rate will be determined on your credit score.  Check with your loan officer to see what they are offering you and ask if there is anything you can do to bring up your score to get a better rate.  Your loan officer also might be offering some assistance.  You need to ask.

Look for us on Facebook at Best Homes Fox Valley.  We have a “shop now” button you can click on and search anywhere in Illinois.  There are drop down arrows if you are looking for attached housing or for more options.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 8 2022.  Have an awesome 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!

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 December 11 2021

Fox Valley home prices December 22 2021

Fox Valley home prices December 11 2021.  First I want to say how heartbreaking the storms of last night were in multiple states.  So much devastation and loss of life.  This is such a strange thing to happen in December.

New listings of single family homes were down.  78 this week compared to 102 the previous week.  This is extremely low even for this time of year.

Closed listing of single family homes was also down.  210 this week compared to 244 the previous week.  Closings should increase as we get closer to the end of the month.  Some might even spill over into the new year.

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

Aurora-New 17 $120,000-$999,900

            Closed-27 $135,500-$562,000

Bolingbrook-New 6 $264,900-$625,000

                    Closed-19 $199,900-$440,000

Naperville-New 11 $375,000-$1,265,000

                 Closed-31 $267,000-$1,180,000

Oswego-New 2 $400,000-$419,900

              Closed-13 $215,000-$465,000

Plainfield-New 13 $279,000-$542,580

                Closed-30 $263,500-$500,000

St Charles-New 6 $209,714-$775,000

                  Closed-13 $243,000-$1,550,000

Yorkville-New 5 $239,900-$2,964,000

               Closed-15 $235,000-$465,000

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

Median list price this week $347,000, last week $350,000.

Closed median price this week $332,500, last week $363,942.

Stats December 11 2021
Stats this week

Conventional financing was used 150 times out of the 210 closed homes with a median price of $360,000, last week 176 at median price of $385,000.

Cash was used 18 out of the closings this week with median price of $287,750, last week 23 at $298,000.

Conventional and Cash December 11 2021
Conventional and Cash closed this week

FHA was used 35 of the 210 closings this week with a median price of $287,000, last week 27 at $250,000.

VA was used for 7 of the closings with median price of $320,000, last week 13 at $390,000.

FHA and VA December 11 2021
FHA and VA used this week

Single family homes with 2,000 or more square feet closed 121 at median price of $412,000, last week 144 at $445,450 median price.  The minimum price of 2,000 or more square feet closed this week was $240,000, last week $207,000.  For people looking for more square footage this gives you an idea of the pricing in the Fox Valley area.

2000 Square feet or more December 11 2021
2,000 or more square feet

Conventional financing is still what seller’s are looking for and accepting right now. If your loan officer is qualifying you for something else you might also want them to see what you qualify using this type of financing.  They can qualify you for multiple ways of financing.  You can try your preferred way first, and have Conventional as a backup.

Contracts accepted this week

Fox Valley home prices December 11 2021-Contracts accepted this week

Contracts accepted this week were consistent.  141 this week compared to 147 the previous week.  Buyer’s are still out there ready to go even with the extremely low inventory.  It is still a great time to sell!  Very little competition right now.

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

Aurora-21                  Bolingbrook-11

Naperville-17             Plainfield-22

1 short sale was accepted this week by a seller.  It was in Aurora.  Most homes have appreciated enough that seller’s do not have to sell short.  They must of run into trouble shortly after purchasing.  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. 1 with a kick-out clause of 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.

Only 4 contracts out of 141 were contingent on the buyer closing or selling and closing on their current home.  Either the buyers are 1st time buyers or they could purchase without contingencies other than financing.

2021 by the month

Month        New   Closed   Contracts accepted

January          543         649              829

February        561          604              778

March            993         1099            1455

April             1006          926            1387

May              1088         1288            1289

June             1450     1686        1671

July                1118        1182              1210

August           1109        1203              1170

September    1083        1411               1251

October          715         973                930

November       557         854                931

December       180          454               288

Totals     10403    12329        13189

Not all contracts that get accepted close.  That is why there is more accepted than closed.  Some of them do not make it past the attorney review and home inspection.  They go back on the market and get accepted again.  

The closed column is the most important one to look at because that is actual numbers for the Fox Valley area.

Prices will keep increasing as long as the inventory remains so extremely low.

You have to be a patient buyer in this market.  You have to keep looking at what comes up and be ready to go look.  If you can find something that is close to your needs it might be worth going after.

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 anytime soon to find out an estimate of what you home would be worth in today’s market.  Tell us about your home and anything that has recently been updated.  We will provide you with a net proceeds that gives you idea of what the expenses might be.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved.  They will give you a letter showing what type of loan and what price works out best for you.  When you find a home and want to put in an offer this letter will go with the offer so the seller will know you qualify for their home.

Resources:

You need to contact the loan officer you are working with to see what interest rate they are offering you based on your credit score.  They will work with you to bring up your score if that is needed.

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

Guiding you through the process whether buying or selling is what we do to help make the process easier to get through.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 11 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 December 4 2021

Fox Valley home prices December 4 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Yorkville-New 1 $350,000

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

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

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

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

Stats December 4 2021
Stats this week

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

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

Conventional and Cash December 4 2021
Conventional and Cash

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

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

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

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

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

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

Contracts accepted this week

Fox Valley home prices December 4 2021-Contracts accepted this week

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

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

Aurora-23                          Naperville-23

Plainfield-20                      West Chicago-10

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

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

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

2021 by the month

Month          New  Closed  Contracts accepted

January             543       649               829

February           561        604               778

March               993      1099              1455

April                1006       926              1387

May                 1088      1288              1289

June                1450      1686              1671

July                  1118       1182              1210

August             1109       1203              1170

September      1083        1411              1251

October            715         973               930

November         557         854               931

December          102         244               147

Totals       10325    12119      13048

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

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

Contact us

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

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

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

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

Resources:

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

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

All data provided is from our MLS MRED, LLC.

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

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

]Montgomery, IL 60538

630-503-6555 ext 101

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 6 2021

Fox Valley home prices November 6 2021

Fox Valley home prices November 6 2021.  New listings of single family homes are up.  183 this week compared to 152 the week before.  This will help but it is still extremely low.

Closed listings of single family homes are down.  230 this week compared to 292 the week before.  That is still not bad for 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 19 $95,000-$425,000

             Closed-50 $115,000-$721,000

Batavia-New 10 $205,000-$429,900

             Closed-7 $315,000-$630,512

Bolingbrook-New 20 $190,000-$455,535

                    Closed-11 $247,000-$495,000

Geneva-New 6 $439,900-$875,000

             Closed-10 $220,000-$704,838

Montgomery-New 8 $239,000-$375,000

                     Closed-10 $193,000$328,000

Naperville-New 25 $339,000-$1,300,000

                  Closed-28 $252,000-$900,000

Oswego-New 16 $255,000-$1,075,000

             Closed-12 $250,000-$480,000

Plainfield-New 20 $275,000-$550,000

                 Closed-36 $210,000-$627,000

St Charles-New 14 $269,900-$1,695,000

                  Closed-10 $211,000-$865,000

Yorkville-New 8 $214,900-$479,900

               Closed-17 $230,000-$593,000

You should be able to click on the picture above to enlarge it to see the rest of the communities.  This gives you and idea of the prices in each community.  If you want to see everything that is listed and available let us know which communities you are looking at and what price range.  We can get you set up to receive listings as they come on the market.

Financing used, median prices and 2000 or more square feet

Median list price of single family homes this week $350,000, last week $339,000.  

Closed median prices of single family homes this week $350,000, last week $340,000.

Stats November 6 2021

Conventional financing on closed single family homes this week 149 at median price of $$370,000, last week 212 with median price of $365,000.

Cash closed this week 22 with median price of $290,000, last week 34 with median price of $327,450. 

Conventional and Cash November 6 2021
Conventional and Cash

FHA financing closed this week 48 with median price $305,000, last week 34 with median price $285,800.

VA financing closed this week 11 with median price $371,000, last week 10 with median price $319,500.

FHA and VA financing November 6 2021
FHA and VA financing

2,000 square feet or more closed this week 129 with median price $402,890, last week 167 with median price $416,500.  Minimum closed price this week $240,000, last week $209,100.  This gives you an idea of prices if you are looking for more square feet.

2000 or more SF November 6 2021
2,000 square feet or more

We are still seeing Conventional financing is the most used or accepted by the seller.  More FHA are starting to get through.

Contracts accepted this week

Fox Valley home prices November 6 2021-Contracts accepted this week

Contracts accepted this week are up.  278 this week compared to 218 the week before.

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

Aurora-38                       Bolingbrook-25

Geneva-11                        Montgomery-12

Naperville-37                  Oswego-14

Plainfield-42                    Sugar Grove-17

Yorkville-10

1 short sale was accepted by a seller this week.  It was in Bolingbrook.  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.  5 with a kick-out clause of 72 hours and 11 with 48 hours.

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

Median price for  homes that received a contract this week  $327,450 with an average market time of 36 days.

Contingent days on market November 6 2021

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         183           230                    278

Totals        9849     11251          12248

October numbers are in between February and March numbers. April closed was the only month that was lower. The 7 months in between is where most of the activity happened.

Now that infrastructure has passed will we see more people moving for jobs?

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 it is still a good time to sell.  Buyers are still out there looking, and with inventory down you will not have as much competition.  Request a home valuation and we will give you and estimate of what your home is worth in today’s market.  We will provide you with a net proceeds that shows you and estimate of expenses.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  You will need to get all your financial information together and get it to a loan officer.   Just calling up and giving your information is not good enough anymore.  You need to get pre approved so you can show the seller, when you do find a home, that you do qualify.  The loan officer will provide you with a letter that shows what you are pre approved for.  This will go with the offer. 

Resources

Check with your loan officer for the current rates that you qualify for.  Your credit will determine the rate you are offered.  If you need to improve your credit ask the loan officer what will help the most for you.

We will guide you throughout the process.  If you need recommendations for loan officers, real estate attorney or home inspectors we will provide you with a few of each and you can decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 6 2021.  Have a great week!  Let us know if you have any questions.

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