2021 Real Estate Market Update Week 21

2021 Real Estate market update week 21 Cover

2021 real estate market update week 21.  New listings of single family homes are up. 291 this week compared to 267 the week before.  We are heading in the right direction.    The need is greater though.

Closed listings of single family homes are up.  385 this week compare to 299 the week before.  It is the end of the month when you expect the numbers to be higher.

2021 Real Estate Market Update Week 21

 

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

Aurora-New 43 $130,000-$589,900

            Closed-54 $80,000-$484,000

Batavia-New 8 $274,900-$425,000

             Closed-14 $145,000-$799,000

Bolingbrook-New 18 $220,000-$525,000

                     Closed-23 $161,500-$497,000

Geneva-New 13 $229,000-$799,000

             Closed-14 $200,000-$970,000

Montgomery-New 11 $157,000-$950,000

                     Closed-8 $212,000-$330,000

Naperville-New 52 $269,000-$1,500,000

                 Closed-80 $280,000-$1,095,000

Oswego-New 10 $269,000-$450,000

              Closed-26 $245,000-$539,900

Plainfield-New 34 $219,000-$609,900

                Closed-56 $180,000-$651.500

St Charles/Campton Hills-

                New 16 $207,900-$749,999

                Closed-24 $265,000-$700,000

Sycamore-New 12 $139,900-$479,900

                 Closed-8 $165,000-$745,000

West Chicago-New 11 $239,000-$550,000

                        Closed-14 $170,000-$656,000

Yorkville-New 4 $305,000-$349,900

               Closed-10 $215,000-$724,900

Median list price of single family homes this week $355,000 last week $369,054

Median closed price of single family homes this week $355,000 last week $358,000

2021 Real Estate Market Update Week 21-Stats 052921

Contracts accepted this week

Contracts accepted on single family homes this week were up.  337 this week compared to 322 the week before.  Now to get them past home inspection, attorney review and the appraisal comes back at the right price.

2021 Real Estate Market Update Week 21-Contracts accepted this week

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

Aurora-58                          Bolingbrook-18

Geneva-17                         Montgomery-12

Naperville-61                     North Aurora-12

Plainfield-43                      St Charles/Campton Hills-42

Sycamore-15                     West Chicago-11

1 short sale was accepted this week by a seller.  It was in Bolingbrook.  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.  2 with a kick-out clause of 72 hours, 12 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, 2 with 48 hours and 1 with 24 hours.

2021 real estate market update 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          1228              1289

Totals                      4191          4506               5738

2020

January                   1105            566                 858

February                 1267            529               1024

March                     1186             707               1079

April                          648            786                 775

May                        1352          1010               1444

Totals                     5558           3598               5180

2019

January                   878             407                 568

February               1032             463                 832

March                    1731             915               1375

April                       1594             792               1307

May                       1645             995                1280

Totals                     6880           3572               5362

You can see 2021 has had the most closed with the least new listings.  Buyers are ready, but sellers are not.  This is why we are having multiple offer situations.  It is a great time for sellers to sell!  If you are waiting for the right time to sell the time is now.

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 to see what your home is worth in today’s market.  I think you will be surprised. We 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 need to plan way in advance.  Get in touch with a loan officer that will take the next step and get you pre approved subject to finding the home.  You have to be ready to go in this market when you are up against so many other buyers submitting offers on the same home.  You need to look like the best offer.

Resources:

This market is very competitive for buyers.  You need to go look the day a home hits the market, and be ready to submit an offer right away.  If you blink it will be gone.

Do you need recommendations for loan officers, real estate attorneys or home inspectors?  We can recommend a few of each so you  can choose who you want to work with.

Connect with us on Facebook, Linkedin and twitter.  On Facebook you can click on the shop button to search for a home there.

All data came from our MLS MRED LLC.

2021 Real estate market update week 21.  Have a great week!

2021 market update week 21-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 market update week 9

2021 market update week 9 Cover

2021 market update week 9.  Here in the Fox Valley new listings of single family homes are up.  190 this week compared to 152 the week before.  The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market.  We are very excited about that.  There just is not enough homes for buyers to look at and this is helping.  We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher.  213 this week compared to 208 the week before.  Some closing that should of closed at the end of the month spill over to the beginning of the next month.  Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

2021 market update week 92021 market update week 9-Stats 030621

We are still closing on more homes than are coming on the market.  It continues to be a seller’s market.  Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

            Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

                     Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

             Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

                      Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

                 Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

              Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

                Closed-20 $263,000-$519,000

St Charles/Campton Hills-

                New-12 $200,000-$995,000

                Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

              Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher.  260 this week compared to 257 the week before.

2021 market update week 9-Contracts accepted this week

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

Aurora-34                                         Bolingbrook-14

Geneva-10                                         Naperville-50

Oswego-16                                        Plainfield-26

St Charles/Campton Hills-14             Yorkville-14

No short sales accepted by seller’s this week.  That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-put clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

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

2021 market update by the month

Month                        New     Closed     Contracts accepted

January                     543        649               829

February                   561        604               778

March                       190        213               260

Totals                      1294     1466             1867

Check back with us every Saturday for the 2021 market update.  At the end of each month we take a look back at 2020 and 2019 to see how things are going this year compared to those years.

Contact us

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

Thinking about selling this year?  Buyers have not stopped looking.  There is not enough homes on the market.  It is a great time to sell!  Request a home valuation  and give us some details about any improvements you have made and some of your homes features.  We will let you know what it is worth in today’s market.  Also, 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 wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin.  Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call.  They will provide you with a letter that shows what type of loan and price that works out best for you.  We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

  • Don’t go it alone
  • How much can you afford
  • Understanding the cost
  • Requirements for Septic System owner
  • Buying a condominium
  • Special Service Area
  • Getting it Sold
  • Radon
  • Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction.  If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9.  Have a great week!

2021 market update week 9Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020
Single Family Homes

Market update Fox Valley February 8 2020.  New listings of single family homes are up 40.24%.  345 new listings this week compared to 246 the week before.  If you are still waiting for Spring market you might miss it.  It has already started!  Let’s get your home on the market.

Closed listings are down 25.6% this week.  93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

            Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

             Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

                    Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

            Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

             Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

                     Closed-0

Naperville-New 87 $249,900-$2,399,000

                 Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

              Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

                Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

                 Closed-15 $169,900-$670,000

Contracts accepted this week

Market update Fox Valley February 8 2020-Contracts accepted this week
Single Family Homes

Contracts accepted this week were up 7.69%.  224 contracts accepted on single family homes this week compared to 208 the week before.  I am expecting this to jump up next week with all the new listings that came on the market this week.  Buyers have a good amount of new choices.

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

Aurora-35                         Batavia-10

Bolingbrook-26                 Naperville-29

Oswego-15                        Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes.  2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  1 with a kick-out clause of 72 hours, 8 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 and 4 with 48 hours.  If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month                       New      Closed      Contracts accepted

January                  1105         566               858

February                   345           93               208

Fox Valley is off to a good start so far this year.  You will have to come back and check out as the year progresses.

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.

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

Thinking about buying a home this year?  You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you.  They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look.  We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020.  Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

            

12-28-19 Market Update Fox Valley

12 28 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

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

Look at the communities with the most contracts accepted:

Aurora-14              Naperville-15           Plainfield-15

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

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

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

2019 by the month

Month                    New        Closed       Contract accepted

January                  878           407                    608

February             1,032           465                    832

March                1,731            915                1,375

April                  1,594            790                1,307

May                   2,004         1,391                1,665

June                  1,643         1,253                1,218

July                   1,423         1,029                1,090

August              1,585         1,403                1,211

September        1,164            765                   869

October            1,259            957                   959

November           679            727                    656

December           496            661                    497

Total              15.488      10,763              12,287

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

Contact us

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

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

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

Check our some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

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

Market Update Fox Valley-March 10 2018

Market Update Fox Valley-March 10 2018

Market update Fox Valley-March 10 2018.  New listings of single family homes continues to be over the 300 mark which is good.  This week there were 328 new listings compared to 345 last week.  Slightly less than the week before.

Closed listings of single family homes were down this week.  111 this week compared to 206 the week before.  We are in the beginning of the month so this is to be expected.  These numbers should increase as we get closer to the end of the month.

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

AuroraNew 35 from $115,000-$1,100,000            Closed-17 from $100,000-$397,000   Total active listings-205 from $59,000-$1,450,000

with 5 auction listings

BataviaNew 12 from $279,900-$869,900              Closed-3 from $110,000-$566,520     Total active listings-87 from $179,000-$3,995,000

with 2 auction listings

BolingbrookNew 19 from $169,900-399,900        Closed-4 from $172,000-$342,500     Total active listings-97 from $168,000-$599,000

GenevaNew 16 from $225,000-$1,555,000           Closed-8 from $223,100-$430,000     Total active listings-131 from $189,000-$1,750,000

MontgomeryNew 11 from $149,900-$299,900     Closed-5 from $154,000-$260,000     Total active listings-53 from $109,900-340,000

with 1 auction listing

NapervilleNew 66 from $216,000-$1,499,000       Closed-19 from $280,000-$850,000   Total active listings-498 from $216,000-$7,425,000

OswegoNew 18 from $229,900-$475,000             Closed-4 from $247,000-$415,000     Total active listings-116 from $129,900-$1,790,000

PlainfieldNew 40 from $216,000-$879,900           Closed-9 from $233,000-$340,000     Total active listings-272 from $159,900-$2,399,000

with 2 auction listings.

St Charles/New 36 from $259,900-$995,000        Closed-7 from $170,000-$828,750     Total active listings-355 from $109,900-$3,950,000

Campton Hills

SycamoreNew 12 from $123,500-$649,900          Closed-2 from $137,000-$300,000      Total active listings-56 from $114,000-$649,900

All these numbers are changing as I am posting this.  Weekends are very busy.

Contracts accepted this week

Market Update Fox Valley-March 10 2018-Contracts Accepted

Sellers accepted 316 contracts this week. Last week they accepted 299.  Slightly more than the week before.  As you can see there were 328 New listings and then 316 contracts accepted so the inventory is not accumulating.  Homes are selling at the same rate that new homes are coming on the market.

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

Aurora-41                               Oswego-23

Bolingbrook-23                      Plainfield-35

Geneva-13                               St Charles/Campton Hills-26

Montgomery-10                     Sycamore-10

Naperville-52                          West Chicago-12

Short sales accepted by sellers this week doubled. 12 this week compared to 6 the week before.  Now they will be submitted to the lender to see if they will also accept as contract is written.

Sellers accepted contracts this week that are contingent on the buyers home closing.  Buyers home has already accepted a contract but need to close to purchase.  15 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that the buyers home needs to sell and close before purchasing.  Buyers home might or might not already be on the market.  They have not accepted a contract on their home.  Contract is contingent on a sale and close.  5 with a kick-out clause of 72 hours and 6 with 48 hours.

Contact us

Contact us with any questions you have on buying or selling a home.  Our goal is to negotiate price and terms that are best. Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  We will guide you through the process.

Resources

If you are wanting to purchase a home your first step is to contact a loan officer to get pre-approved so you know what type of loan is best for you and what price range you should be looking in. To find out more about loans and the process go here

There are programs to help you with a down payment. You can look here to see if you qualify.  Also talk to your loan officer to see what kind of help they offer.

You can look up current interest rates to see where they are.  Your interest rate with be determined by your credit score. Your loan officer will be able to help you if you need to improve it to get the best rate.

Request a home valuation if you are thinking about selling.  We can show you what your home is worth is the current market.  You can go to our website below to make a request. We will do a net proceeds for you to show you what costs are involved so you know what you will have to work with to make a move.

Market update Fox Valley-March 10 2018.  Have a great week!

Krisitne Heiman-Managing Broker

Best Homes Fox Valley

1444 N Farnsworth Ave Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Activity This Week-12/17/16 in Kane & Kendall County

Activity This Week-12/17/16 Kane County
Kane County Activity This Week
Activity This Week-12/17/16 Kendall County
Kendall County Activity This Week

Kane & Kendall County Activity

Activity this week-12/17/16 in Kane & Kendall County has slowed quit a bit leading into the holiday week.  Keep in mind some of these towns spill over into other counties.  Aurora for example, is in 4 different counties.  People are still out there looking, waiting for the right home to come on the market.  Low inventory is expected to continue into the new year.

Now is a great time to sell if you have your home in move-in ready condition and price it right.  Purchasers will want to keep a close eye on listings as they come on the market and be ready to go with a loan pre-approval in place.  You could miss out on a property if you are not ready.  Sellers want to see a pre-approval that is no more than 30 days old.

Once you narrow down to the neighborhood or find a home we can give you the information you need to make an informed decision on pricing.  For Sellers we will give you a market analysis that will show you were you need to be with pricing your home.  Pricing your home right the first time is very important.  Pricing your home too high will increase the days on market and will negatively effect the price you will end up with.  Buyers will know the price is too high and might not consider your home even if you lower the price.  They will have moved on to another property.

Interest Rates

Interest rates were in the news this week.  The Federal Reserve raised the rates.  Check with the Consumer Finance Protection Bureau daily for updated information about interest rates and how it will effect you.

Purchasers will be effected with every interest rate increase.  Unless you are paying cash, your monthly payment will go up.  Your purchasing power will be decreased.  

Good information is there on the different types of loans, closing costs and other information you can use about the process.

Single Family Homes

Activity this week 12/17/16  information is Single Family Homes only in Kane & Kendall County.

 Attached Housing data can be provided to you.  Let us know what community or communities that you are looking at and we can provide you the information you need to make an informed decision as a seller or purchaser..

Check With Us

Check with us every Saturday for updated market activity for the week in Kane & Kendall Counties.  We are keeping an eye on the market.  

Looking in another County?  Let us know.  We would be happy to provide market data so you can make an informed decision to sell or purchase a home.  

Contact Jeff Szymczak-Broker ext 104 or Kristine Heiman,CNE-Managing Broker at 630-503-6555 or email us at besthomesfv@gmail.com.  Start searching homes now at besthomesfv.com.