Fox Valley home prices February 19 2022

Posted on February 19, 2022 by Kristine Heiman, Designated Managing Broker

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.

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.

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.

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.

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.

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.

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

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!

Fox Valley home prices January 8 2022

Posted on January 8, 2022January 8, 2022 by Kristine Heiman, Designated Managing Broker

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.

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

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

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.

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.

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.

Contracts accepted this week

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

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

Posted on December 25, 2021December 25, 2021 by Kristine Heiman, Designated Managing Broker

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.

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

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

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

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

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.

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!

Fox Valley home prices December 11 2021

Posted on December 11, 2021December 11, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 11 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

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

Fox Valley home prices December 4 2021

Posted on December 4, 2021December 4, 2021 by Kristine Heiman, Designated Managing Broker

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.

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

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

Fox Valley home prices November 27 2021

Posted on November 27, 2021November 28, 2021 by Kristine Heiman, Designated Managing Broker

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.

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

Fox Valley home prices November 6 2021

Posted on November 6, 2021 by Kristine Heiman, Designated Managing Broker

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.

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

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.

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

Fox Valley home prices

Posted on October 23, 2021October 23, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices

Fox Valley home prices. New listings of single family home were up. 187 this week compared to 171 the week before. Good news, but not nearly enough. Prices will keep increasing until we get enough inventory of homes to meet the demand. School starting always slows things down, but buyers are still looking.

Closed listings of single family homes was also up this week. 245 this week compared to 208 the week before. Next week is the last full week of the month so it should increase.

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

Aurora-New 25 $139,900-$439,900

Closed-33 $90,000-$470,000

Bolingbrook-New 18 $190,000-$485,000

Closed-14 $250,000-$502,000

Geneva-New 6 $270,000-$699,000

Closed-12 $187,500-$795,000

Montgomery-New 9 $179,900-$369,900

Closed-20 $178,000-$385,000

Naperville-New 34 $325,000-$1,549,900

Closed-36 $267,400-$1,300,000

Plainfield-New 22 $245,000-$515,000

Closed-33 $239,900-$540,000

St Charles-New 10 $185,000-$1,100,000

Closed-16 $215,000-$1,339,000

Yorkville-New 9 $247,500-$426,186

Closed-14 $255,000-$465,000

You can click on the picture above and look at the other communities listed to see the price ranges better. You might need to adjust what community you are looking in to find your price range that works out best for you.

Financing, median prices and homes that sold 2,000 square feet or more

Median list price this week was $349,000 last week $350,000. Closed median price was $341,500 this week, and $341,000 the week before. These prices are not fluctuating much from week to week.

Financing really came into play this year. Multiple offer situations changed the game. You needed to be already through the approval process and seller’s chose Cash, of course, first if the price was right and next they chose Conventional financing. It is still their choice today. Take a look.

Conventional financing closed this week 168 with median price of $371,829, last week 131 at $376,077.

Cash closed this week 27 at median price of $343,900, last week also 27 at$324,900

Fox Valley home prices-Conventional and Cash — Conventional and Cash

FHA closed this week 41 at median price of $278,000, last week 35 at median price of $282,000.

VA closed this week 8 at median price of $381,000, last week 15 at $349,000.

Fox Valley home prices-FHA and VA — FHA and VA

Some people are moving up to a larger home that has more bedrooms, family room, basement or room for an office so we decided to add this into the stats.

Single family homes closed with 2,000 square feet or more this week 134 at a median price of $414,000, last week 123 at $409,000. Minimum price closed this week at $291,000, last week at $205,000. This gives you an idea of prices in our area for that size home.

Fox Valley home prices-2000 or more SF — 2,000 Square Feet or more

Contracts accepted this week

Contracts accepted this week by seller’s was down. 223 this week compared to 233 the week before.

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

Aurora-29 Bolingbrook-24

Naperville-33 Oswego-13

Plainfield-27 St Charles-18

Click on the photo to enlarge so you can see other communities.

3 short sales were accepted by seller’s on single family homes. 1 each in Aurora, Plainfield and Sycamore. Now they 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 72 hours, 6 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. 1 with a kick-out clause of 72 hours and also 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 563 681 712

Totals 9514 10729 11752

Check back with us every Saturday for the 2021 by the month and at the end of each month we look back at 2020 and 2019 so you can compare and see how the market is going this year.

Every month except April more homes closed than new listings coming on the market.

Contact us

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

Request a home valuation if you think you might want to sell your home. Let us know a little bit about your home and what has recently been updated and we will let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home? Gather all your financial information and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking. You will need to be flexible and go when a home hits the market. It will be gone if you wait until the weekend unless it needs work or over priced.

Resources:

Check with your lender for their current rates. Your credit score will determine the rate you receive.

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

All data used is from our MLS MRED, LLC.

Fox Valley home prices. 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

Fox Valley Real Estate Market Update Week 38

Posted on September 25, 2021September 25, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 38

Fox Valley real estate market update week 38. New listings of single family homes were up. 233 this week compared to 202 the week before. Inventory just will not increase enough for the amount of buyers that are out there looking.

Closed listings of single family homes was down. 232 this week compared to 249 the week before. The last week of the month ends next Thursday. They should increase next week.

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

Aurora-New 44 $95,000-$495,000

Closed-32 $112,000-$479,000

Batavia-New 10 $185,000-$879,900

Closed-5 $230,000-$587,928

Bolingbrook-New 18 $250,000-$610,000

Closed-20 $160,000-$475,000

Geneva-New 11 $189,900-$475,000

Closed-5 $270,000-$588,000

Naperville-New 36 $385,000-$14,999,000

Closed-36 $260,000-$1,100,000

Oswego-New 7 $285,000-$669,999

Closed-10 $310,000-$545,000

Plainfield-New 24 $209,900-$635,900

Closed-36 $211,500-$725,000

St Charles-New 22 $135,000-$2,295,000

Closed-23 $170,000-$2,300,000

Yorkville-New 19 $179,900-$444,848

Closed-13 $180,000-$508,000

I had to go back and search Naperville for the home listed for $14,999,000 to see if it was correct. You don’t see that very often.

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

Median list price of single family homes this week was $350,000, last week $349,900.

Closed median price this week $335,000, last week $336,137.

Fox Valley Real Estate Market Update Week 38-Stats 092521 — Median list and closed price

Prices and not changing that much. They are going down in some areas but not enough to change the median prices.

Conventional financing is still the financing most seller’s are accepting. 163 closed this week compared to 183 the week before.

Cash is king but not offered as much. 25 closed this week compared to 21 the week before.

Fox Valley Real Estate Market Update Week 38-Conv and Cash — Conventional and Cash

FHA financing is not getting accepted by seller’s as much. 37 closed this week compared to 39 the week before.

4 VA deals closed this week compared to 6 the week before.

Fox Valley Real Estate Market Update Week 38-FHA and VA — FHA and VA

Single family homes closed with 2,000 square feet or more this week 131, last week 136 with a median price of $417,000 and minimum price of $165,000. This gives you an idea of size of homes closed in the Fox Valley area and prices. This is a little over half of the homes closed this week were over 2,000 square feet.

Fox Valley Real Estate Market Update Week 38-2000 SF or more — 2,000 square feet or more closed this week

Contracts accepted this week

Contracts accepted on single family homes were up. 277 this week compared to 268 the week before. It all depends on what is listed throughout the week and what location. Buyer’s are waiting on new listings to come on the market.

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

Aurora-47 Bolingbrook-22

Geneva-13 Montgomery-14

Naperville-43 Oswego-17

Plainfield-39 Yorkville-19

2 short sales were accepted by seller’s this week. 1 each in Naperville and Plainfield. Now they will be submitted to the lender to see if they will also accept. Most people that are struggling with making their payments don’t have to go the short sale route. Prices have increased enough that they can sell and break even or they might even walk away with money at closing.

Seller’s accepted contracts that are contingent on the the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 3 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. 1 each with a kick-out clause of 72, 48 and 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 878 1073 1003

Totals 8746 9710 10792

The reason closed are more than new listings is because of closings from deals that were accepted from previous year.. Contracts accepted are more than closed because some homes come back on the market after receiving a contract because of issue with home inspection or attorney review that didn’t get resolved. They go back on the market and receive another contract.

You can see how tight the market is. Prices will keep on increasing until inventory exceeds buyer demand.

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 your home. We will let you know what your home is worth in today’s market. Provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home? You need to get all your financial information together and get it to a loan officer so they can get you pre approved before you start looking. They will give you a letter showing what you are pre approved for that will go with an offer when you find a home. This needs to be 30 days old or less. If it is more than that you will need them to update it.

Resources:

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

It has been a crazy market throughout this pandemic. People have not stopped the need for a home. In most cases it has made it more important.

Fox Valley real estate market update week 38. 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

2021 Real Estate Market Update Week 21

Posted on May 29, 2021May 29, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 21

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.

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

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.

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!

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