2021 Real Estate Market Update Week 18

2021 Real Estate market update week 18 Cover

2021 real estate market update week 18.  New listings of single family homes were down this week.  236 this week compared to 273 the week before.  We are not heading in the right direction.  Prices will continue to rise until we get enough listings to satisfy the buyers that are out there looking.

Closed listings of single family homes are about the same this week.  278 this week compared to 280 the week before.  That is pretty consistent, and it shows that buyers are still out there willing to write offers even with the increase in prices.

2021 Real Estate Market Update Week 18

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

Aurora-New 37 $99,900-$899,900

            Closed-36 $85,000-$534,500

Bolingbrook-New 19 $175,000-$469,000

                    Closed-17 $33,000-$415,000

Geneva-New 8 $225,000-$559,900

              Closed-17 $242,000-$870,000

Montgomery-New 2 $205,000-$315,000

                     Closed-11 $207,000-$358,000

Naperville-New 48 $289,000-$3,600,000

                 Closed-58 $326,000-$2,250,000

Oswego-New 9 $185,000-$399,000

              Closed-13 $155,000-$558,942

Plainfield-New 29 $249,900-$750,000

                Closed-31 $203,000-$540,000

St Charles/ Campton Hills-

                New-20 $250,000-$1,200,000

                Closed-20 $191,900-$1,600,000

Sycamore-New 11 $149,900-$450,000

                  Closed-9 $253,000-$502,000

Median list price this week is $350,000.  Last week it was $365,000

Median Closed price this week is $360,000.  Last week it was $360,450.

2021 Real Estate Market Update Week 18-Stats 050821

Contracts accepted this week

Contracts accepted this week on single family homes were up.  340 this week compared to 328 the week before.  It is a great time to sell!

2021 Rela Estate Market Update Week 18-Contracts accepted this week

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

Aurora-49                              Bolingbrook-15

Geneva-20                            Montgomery-14

Naperville-54                         Oswego-26

Plainfield-41                          St Charles/Campton Hills-25

Sycamore-14                         West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home.  It was in Sycamore.  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.  3 with a kick-out clause of 72 hours, 10 with 48 hours and 4 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543           649                  829

February                     561           604                  778

March                         993          1099                1455

April                          1006            926                1387

May                             236            278                 340

Totals                        3339           3556              4789

The closed column is the most important one.  This is actual numbers.  The new and contracts accepted could be counted more than once if a home is relisted as new, or has a contract accepted, and then it does not make it through the home inspection and attorney review period.  It could get relisted again, and then another contract accepted.

Check back with us every Saturday for the real estate market update.  At the end of each month we will take a look back at 2020 and 2019 so you an compare to see how this year is going.

Contact us

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

It is a great time sell!  Prices are increasing.  Request a home valuation and give us some information about your home, and what has been recently updated.  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.

Are you thinking about buying this year?  You need to talk to a loan officer and submit all your financial information so they can get you pre-approved.  You need to take this extra step and get pre-approved with the market right now.   Homes are selling very fast  with multiple offers.  You need to be ready to go look as soon as a home hits the market, or it will be gone.  The loan officer will give you a letter showing what you qualify for, and what type of loan.  This will go with an offer when you find a home.

Resources:

One of the IDHA programs might help payoff student debt, and another one if you stay there at least 5 years you might not have to pay it back.  It is worth your time to check them out.

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

All data information used is from our multiple listing service MRED, LLC.

2021 real estate market update week 18.  Have a great week!

2021 market update week 18Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101    

2021 Real Estate Market Update Week 17

2021 Real Estate market update week 17 Cover

2021 real estate market update week 17.  Seller’s market continues!  New listings of single family homes were up this week.  273 this week compared to 232 the week before.  Great but we need to really increase these number of new listings or prices will continue to rise.

Closed listings of single family homes was also up this week.  280 this week compared to 232 the week before.  It is the last week of the month when most buyers want to close so this was to be expected.

2021 Real Estate Market Update Week 17

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

Aurora-New 42 $155,500-$629,000

            Closed-39 $140,000-$540,000

Batavia-New 13 $259,900-$997,500

             Closed-8 $242,500-$884,536

Bolingbrook-New 11 $180,000-$699,000

                     Closed-11 $204,000-$370,100

Geneva-New 19 $249,00-$949,000

             Closed-18 $220,500-$1,000,000

Montgomery-New 11 $190,000-$399,900

                      Closed-3 $179,900-$220,000

Naperville-New 53 $219,900-$1,999,995

                 Closed-55 $287,000-$1,385,000

Oswego-New 10 $264,000-$850,000

              Closed-18 $135,000-$530,000

Plainfield-New 29 $229,900-$699,900

                Closed-37 $170,000-$509,770

St Charles/Campton Hills-

               New-26 $195,000-$1,550,000

               Closed-20 $230,000-$1,160,500

West Chicago-New $12 $135,900-$599,000

                      Closed-8 $180,000-$441,251

Yorkvillle-New 11 $244,900-$430,000

               Closed-7 $187,000-$526,645

Median list price this week $365,000 compared to last week $350,000.  Median closed price this week $360,450 compared to last week $352,000. 

Contracts accepted this week

Contracts accepted this week were up.  388 this week compared to 344 the week before.

2021 Real Estate Market Update Week 17-Contracts accepted this week

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

Aurora-48                             Batavia-13

Bolingbrook-19                    Geneva-12

Naperville-65                       Oswego-13

Plainfield-53                        St Charles/ Campton Hills-27

Sycamore-12                       West Chicago-11

1 short sale was accepted this week by a seller.  It was in Winfield.  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.  7 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. 1 with a kick-out clause of 48 hours and 1 with 24 hours.

2021 real estate market update by the month and also 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

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

2019

January               858       407                 568

February           1032       463                 832

March               1731      915               1375

April                 1594      792               1307

Totals                5215   2577               4082

The closed column is the most important one to look at.  These are actual numbers.  More single family homes have closed this year than the previous 2 years.  You can see more closed than new listings until April.

New listings can sometimes go back up as a new listing in normal times.  Right now they are selling before that happens.

Contracts accepted can sometimes be counted more than once.  Sometimes they do not make it past the home inspection and attorney review, and go back on the market and then counted again once they get another contract accepted.  Right now some homes are having a problem with the appraised price.  It is coming in lower than the contract price.  If they can’t negotiate to solve this issue the home will go back on the market.

It is definitely a seller’s market still, and will continue to be until more homes come on the market or the buyers start slowing down that are looking.

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?  Request a home valuation, and give us some information about your home.  What have you updated lately?  New roof, painting, appliances or any other updates.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in.

If you are thinking about buying, you need to be ready with a pre-approval letter from your loan officer. Right now things are selling as fast as they go on the market. You need to go look the day it is listed and ready to write an offer right away, or you will lose out. We can schedule a zoom meeting to go over the process and get you familiar with the contract so you can be ready to go.

Resources:

It might be worth your time to look over these resources.  You can also ask your loan officer if they are offering any programs.  One of the IDHA programs might help payoff student debt and the other one if you live there for 5 years or more you might not have to pay back.

We can make recommendations of loan officers, real estate attorney and home inspectors.  Just let us know.

All the information is provided by the multiple listing service MRED LLC..

2021 real estate market update week 17.  Have a great week!

2021 market update week 17Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 16

2021 Real Estate market update week 16 Cover

2021 real estate market update week 16.  New listings of single family homes were down this week.  232 this week compared to 241 the week before. We are having an extreme housing shortage so any decrease is very sad.  I don’t know what else to say.  Too many buyers are still looking for a home.

Closed listings of single family homes was exactly the same as new listings and up from last week.  232 this week compared to 222 the week before.  Next week is the last week of the month so it should increase even more next week.

2021 Real Estate Market Update Week 16

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

Aurora-New 32 $85,000-$669,000

            Closed-43 $143,000-$710,000

Bolingbrook-New 10 $260,000-$629,910

                    Closed-11 $219,900-$360,000

Geneva-New 9 $229,900-$725,000

              Closed-13 $285,000-$698,938

Naperville-New 47 $319,000-$1,450,000

                 Closed-41 $162,000-$1,375,000

Oswego-New 9 $235,000-$505,000

               Closed-10 $235,000-$400,000

Plainfield-New 37 $220,000-$1,700,000

                Closed-25 $206,000-$1,105,000

St Charles/Campton Hills-

                New-23 $229,000-$849,900

                Closed-16 $239,000-$1,050,000

Yorkville-New 8 $238,000-$655,000

               Closed-17 $260,000-$480,000

Median list price this week was $350,000 and median closed price was $352,000.  Last weeks median price was $370,000 and last weeks median closed price was $354,000.  So median prices were down this week.

Contracts accepted this week

Contracts accepted on single family homes was down this week.  344 this week compared to 359 the week before.  Last week new listings were down so that contributed to less contracts accepted this week.

2021 Real Estate Market Update Week 16-Contracts accepted this week

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

Aurora-50                                 Batavia-13

Bolingbrook-20                         Geneva-14

Montgomery-11                        Naperville-79

Oswego-26                              Plainfield-47

St Charles/Campton Hills-32   West Chicago-10

Yorkville-12

1 short sale was accepted by a seller this week on a single family home.  It was in Aurora.  Now it will get 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, 6 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 48 hours and 1 with 24 hours.

2021 real estate market update by the month

Month                        New     Closed     Contracts accepted

January                       543         649                  829

February                     561         604                  778

March                         993        1099                1455

April                            501          414                  655

Totals                        2598        2766                3717

The closed column is the most important column to keep track of.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if they were relisted as new or if a contract accepted does not make it past the home inspection, attorney review or appraisal.  They can go back on the market and get counted again.

Some of the closed were homes that carried over into the new year.

Check back with us every Saturday for the 2021 real estate market update.  Next Saturday is the last week of the month and we will be comparing to 2020 and 2019 so you can see how things are going.

Contact us

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

Will you be selling this year?  Request a home valuation and give us some detalls about your home and let us know about any updates that you have completed recently.  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 this year?  You need to be ready to go with a pre-approval letter from your loan officer showing what you qualify for a what loan type.  This will go with an offer when you find a home.  The market is moving very fast right now so the letter can not be older than 30 days or get it updated.  You do not want to wait until you find a home or you could miss out on a home.  When a home hits the market you have to be ready to go because so many of them are getting multiple offers on them right away.

Resources:

1 of the IDHA programs might help out with student debt and another one if you live there 5 years might be forgiven.  It is worth taking a look at them.

If you need recommendations for loan officers, home inspectors, real estate attorneys let us know.  We can recommend a few of each so you can decide who you want to work with.

2021 real estate market update week 16.  Have a great week!

2021 market update week 16Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 15

2021 Real Estate market update week 15 Cover

2021 real estate market update week 15.  New listings of single family homes were down this week.  241 this week compared to 260 the week before.  It is April we should be increasing every week.

Closed listings of single family homes were up this week.  222 this week compared to 192 the week before.  As we head to the end of the month they should increase.  Most buyers want to close at the end of the month so they can bring less money to closing.

2021 Real Estate Market Update Week 15

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

Aurora-New 40 $139,900-$750,000

            Closed-26 $120,000-$570,000

Batavia-New 10 $210,000-$739,900

             Closed-10 $285,000-$421,000

Bolingbrook-New 11 $190,000-$469,000

                     Closed-15 $227,000-$410,000

Geneva-New 12 $299,900-$1,599,000

              Closed-9 $325,000-$625,000

Naperville-New 55 $269,900-$2,250,000

                  Closed-42 $295,000-$1,375,000

Oswego-New 11 $245,000-$1,000,000

               Closed-13 $231,000-$440,000

Plainfield-New 27 $239,900-$749,900

                Closed-21 $242,500-$352,400

St Charles/Campton Hills-

                New 24 $179,900-$850,000

                Closed-16 $278,000-$965,000

West Chicago-New 7 $245,000-$484,900

                        Closed-12 $120,000-$645,000

Average median listing price this week is $370,000.  Average selling price is $345,500

2021 Real Estate Market Update Week 15-Stats

Contracts accepted this week

Contracts accepted on single family homes are up.  359 this week compared to 296 the week before.  We need to really increase inventory of homes to start to satisfy the demand from buyers that are looking.  We continue to see multiple offers.  Prices are increasing because of it.

2021 Real Estate Market Update Week 15-Contracts Accepted this Week

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

Aurora-50                                        Batavia-13

Bolingbrook-20                                Geneva-14

Montgomery-11                               Naperville-79

Oswego-26                                      Plainfield-47

St Charles/Campton Hills-32           West Chicago-10

Yorkville-12

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 6 with 48 hours and 2 with 24 hours.

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

You can see that, at this time, you better have a contract on your home if you want to have a chance on submitting an offer.  Multiple offers is the norm now.

2021 real estate market update by the month

Month                  New     Closed     Contracts accepted

January                543           649                  829

February              561           604                  778

March                  993         1099                1455

April                     501           414                  655

Totals                 2598         2766                3717

March was a good month.  I don’t know if we will hit close to the closed numbers this month.  Closed is the the main column to keep an eye on.  These are actual numbers.  New and contracts accepted can sometimes be counted more than once if a home is relisted or if a contract fall apart and then gets another one accepted.

Check back with us every Saturday for the update.  At the end of each month we will take a look back at 2020 and 2019 so you can see the comparison.

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.

It is a great time to be a seller!  Prices are increasing.  Request a home valuation and give a little information about your home and what updates you have completed.  We will provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home?  You have to be ready to go with a letter from a lender showing how much home you can afford and what type of loan.  This will go with an offer when we find you a home.  You also have to be ready to go when a listing hits the market.  You will be up against multiple offers.  This is not the market for you to go home and think about it.

Resources:

One of the IDHA  programs might help with student debt and another one if you live there for 5 years it might be forgiven.  It is worth your time to check it out.

If you need recommendations for a loan officer, real estate attorney and home inspector we would be happy to provide you with a few that we have successfully worked with and you can choose who you want to work with.

It is an exciting time to sell and buy a home, but it can be stressful.  We will do everything we can to explain as we go through the process so you know what to expect.

2021 real estate market update week 15.  Have a great week!

2021 market update week 15Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 14

2021 Real Estate market update week 14 Cover

2021 real estate market update week 14.  New listings on single family homes are up significantly.  260 this week compared to 192 the week before.  I hope this continues.  It is a great time to be a seller!  Homes are selling quickly are prices are way up.

Closings on single family homes are down.  192 this week compared to 274 the week before.  It is the beginning of the month so this is to be expected.  They will go up as we get closer to the end of the month when most buyers want to close.

2021 Real Estate Market Update Week 14

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

Aurora-New 24 $125,000-$850,000

             Closed-26 $88,000-$585,000

Batavia-New 15 $125,000-$965,000

              Closed-8 $189,900-$706,000

Bolingbrook-New 14 $187,500-$1,125,000

                      Closed-12 $221,000-$465,000

Geneva-New 11 $249,000-$739,500

              Closed-12 $265,000-$825,000

Montgomery-New 12 $189,900-$329,990

                       Closed-5 $205,000-$315,000

Naperville-New 67 $269,000-$1,950,000

                   Closed-38 $275,000-$1,375,000

Oswego-New 22 $254,900-$999,900

               Closed-14 $175,000-$475,000

Plainfield-New 26 $226,900-$625,000

                 Closed-23 $247,750-$511,000

St Charles/Campton Hills-

                 New 22 $310,000-$1,285,000

                 Closed-12 $153,000-$812,000

Yorkville-New 13 $248,000-$460,000

                 Closed-10 $235,900-$499,000

Click on the photo above to see the other communities.  If the community you are looking in does not have the price range you are looking for, you might want to look to neighboring communities.

2021 Real Estate Market Update Week 14-Stats

Median listing price this week is $359,900 and median sales price is $346,725.

Contracts accepted this week

Contracts accepted this week on single family homes was almost the same.  296 this week compared to 299 the week before.  Next week this should increase with the amount of new listings this week. 

2021 Real Estate Market Update Week 14-Contracts accepted this week

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

Aurora-45                                 Bolingbrook-23

Naperville-57                            Oswego-29

Plainfield-42                             St Charles/Campton Hills-26

Only 1 short sale was accepted by a seller this week.  It was in Plainfield. 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 5 with 48 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 1 with 48 hours.

These contingencies have really scaled back with the multiple offer situation that is occurring.  Seller’s want to accept an offer with the least hurdles to get past. 

2021 real estate market update by the month

Month                          New     Closed     Contracts accepted

January                          543           649               829

February                        561           604               778

March                            993         1099             1455

April                              260           192               296

Totals                           2357         2544             3358

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

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 a great time to sell!  Request a home valuation and give us some information about your home.  Let us know about any recent updates you have completed.  We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell.  When an offer comes in this will be updated when we know all the terms so you can make a good decision.

Thinking about buying this year?  You need to call a loan officer to get pre-approved so you are ready to go.  Homes are moving very quickly and you have to be ready for multiple offer situations.

Resources to check out:

One of the IDHA programs might help you out with student debt and the other one if you live there 5 years you might not have to pay back.  It is worth your time to check them out.

2021 real estate market update week 14.  Have a great week!

2021 market update week 14Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for your home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

 

2021 Real Estate Market Update Week 13

2021 Real Estate market update week 13 Cover

2021 real estate market update week 13.  New listings on single family homes were down this week.  192 this week compared to 222 the week before.  Hopefully the holiday week is holding people back from putting their home on the market and it will pick up next week.  Until more homes start coming on the market prices are rising rapidly and multiple offers is the norm.  Very frustrating for buyers right now. 

Closed listings on single family homes increased this week.  274 this week compared to 209 the week before.  End of the month is the busiest for closings.  Most buyers want to close at the end of the month so they bring less money to closing for interest for the month.

2021 Real Estate Market Update Week 13

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

Aurora-New 31 $125,000-$735,000

            Closed-40 $111,000-$639,000

Bolingbrook-New 15 $186,000-$480,000

                    Closed-18 $187,997-$470,000

Naperville-New 45 $249,000-$2,100,000

                 Closed-54 $251,017-$1,031,000

Oswego-New 11 $100,000-$549,900

              Closed-15 $307,682-$622,000

Plainfield-New 25 $218,000-$1,190,000

                Closed-35 $235,000-$590,000

St Charles/Campton Hills-

                New-15 $199,999-$1,595,000

                Closed-25 $210,000-$1,150,000

West Chicago-New 4 $239,000-$489,000

                      Closed-10 $200,000-$501,000

Yorkville-New 4 $249,900-$398,000

              Closed-15 $146,000-$807,500

2021 Real Estate Market Update Week 13-Stats

Median list price of single family homes this week is $359,700 and the median sold price $352,500.

Contracts accepted this week

Contracts accepted on single family homes were almost the same this week.  299 this week compared to 293 the week before.  That is pretty consistent.

2021 Real Estate Market Update Week 13-Contacts Accepted This Week

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

Aurora-37                             Bolingbrook-12

Geneva-18                            Montgomery-13

Naperville-56                        Oswego-16

Plainfield-44                         St Charles/Campton Hills-25

Yorkville-14

No short sales were accepted by seller’s this week.  That does not mean they are not out there.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours and 2 with 48 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.  Accepting contracts with contingencies other then financing are slowing down because of multiple offer situations.  Sellers are looking for offers with the least amount of hurdles to get past to get to closing.

2021 real estate market update week 13 by the month

2021

Month                    New     Closed     Contracts accepted

January                  543       649               829

February                561       604               778

March                   993     1099             1455

Totals                  2097     2352             3062

2020

January              1105       566               858

February            1267       529             1024

March               1186        707             1079

Totals                3558      1802             2961

2019

January              878         407               568

February          1032         463               832

March              1731         915            1375

Totals               3641       1785            2775

Closed is the most important column to look at.  These are actual numbers.  New and contract accepted can be counted twice if a property is relisted or a contract is accepted and it does not get past home inspection and attorney review.  Still this year we had the lowest new listings but the most closed homes. 

You can see why the prices are rising with the limited inventory of homes.  Until more homes come on the market the prices wil continue to rise.  Buyers are waiting to pounce on a new listing.  Don’t miss out on this great opportunity to sell!

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.

Request home valuation if you are thinking about selling so you can see where you are at in today’s market.  Tell us a little bit about your home and any recent updates that have been completed.  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 this year?  You need to get prequalified with a loan officer and have a letter of pre-approval in hand to start looking.  The market is moving very quickly and you have to be ready to go.  This letter will go with an offer when you find a home to show the seller you do qualify for their home.

Resources to check out:

One of those IDHA programs might help with student debt and the other one if you stay in the home 5 years the assistance money might be forgiven.

IF you need recommendations for loan officers, real estate attorneys or home inspectors we can give you a few of each to contact so you can decide who you would like to work with.

2021 real estate market update week 13.  Have a great week!

2021 market update week 13Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 12

2021 market update week 12 Cover

2021 real estate market update week 12.  New listings of single family homes were up.  222 this week compared to 171 the week before.  Increases are always exciting.  We are hoping this picks up steam so there are homes to show buyers that are getting impatient.  Too many have multiple offers the same day they are listed.

Closed listing of single family homes went down.  209 this week compared to 226 the week before.  The last 3 days business days of the month are next week so there should be an increase then.

2021 Real Estate Market Update Week 12

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

Aurora-New 26 $120,000-$1,499,000

            Closed-27 $115,000-$553,000

Bolingbrook-New 13 $245,900-$799,900

                    Closed-12 $165,000-$474,809

Geneva-New 8 $325,000-$1,639,900

              Closed-10 $292,000-$617,000

Naperville-New 50 $295,000-$1,745,000

                 Closed-41 $260,000-$1,800,000

Oswego-New 11 $175,000-$749,500

               Closed-15 $206,000-$1,500,000

Plainfield-New 29 $219,999-$599,999

                Closed-25 $200,000-$781,624

St Charles/Campton Hills-

                New 25 $240,000-$1,895.000

                Closed-16 $285,000-$617,500

You should be able to click on the photo above to make it larger so you can see all the communities that had activity this week.  You might have to adjust what community you are looking at depending on what price range you are looking for.

Contract accepted this week

Contracts accepted this week on single family homes were slightly down.  293 this week compared to 304 the week before.  You can see more contracts were accepted this week than new listings.  This is the problem with low inventory.  As soon as they come on the market they are gone and then some.

2021 Real Estate Market Update Week 12-Contracts Accepted This Week

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

Aurora-34                                 Bolingbrook-19

Geneva-15                               Naperville-75

Oswego-17                              Plainfield-28

St Charles/Campton Hills-21   West Chicago-10

Yorkville-14

1 short sale was accepted on a single family home this week.  It was in Montgomery.  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 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 each with a kick-put clause of 48 hours and 24 hours.

Multiple offer situations has decreased these contingencies.  Seller’s are looking for the offer with the least amount of hurdles to get through to get to closing.

2021 real estate market update by the month

Month                       New     Closed     Contracts accepted

January                      543           649                    829

February                    561           604                    778

March                        801           825                   1146

Totals                       1905         2078                  2753

Look at the difference in the months so far.  The closed column is the most important column because that is actual numbers.  New listings can be relisted and contracts accepted not always make it past the home inspection and attorney approval time period.  They can go back on the market and then contract pending again.  

This is the last full week of the month but I think I will wait until next week to take a look back to 2020 and 2019.  There is 3 business days next week still in March so I will wait. 

Check back with us every Saturday for the 2021 real estate market update and at the end of each month for a comparison to the previous 2 years so you can see how this year is going.

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 have been waiting for Spring market to put your home up for sale you don’t need to wait.  It is here!  There is not enough homes on the market and the prices are rising because of it.  Request a home valuation and let us know about any updates that have been completed lately that might increase the value.  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.

Are you wanting to buy a home this year?  You need to be ready to go with a letter from a lender showing what you qualify for in price and what type of loan.  Homes are moving quickly now and you will not have time to look and then get this from a loan officer.  When a home hits the market that fits your criteria you need to be ready to go look and write an offer.  They are going that quickly.

Resources to check out:

If you are looking for other information let me know and I will point you in the right direction.  We can make recommendations for a few loan officers, home inspectors and real estate attorneys.  You can decide which ones you want to work with.

2021 real estate market update week 12.  Have a great week!

2021 market update week 12Kristine 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 11

2021 market update week 11 Cover

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

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

2021 Market Update Week 11

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

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

Contracts accepted this week

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

2021 Market Update Week 11-Contracts accepted this week

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

Aurora-44                              Bolingbrook-20

Geneva-18                             Montgomery-13

Naperville-57                        Oswego-12

Plainfield-47                         St Charles/Campton Hills-22

Yorkville-17

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

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

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

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

2021 market update by the month

Month                         New     Closed     Contracts accepted

January                       543        649               829

February                     561        604               778

March                        579         616               853

Totals                       1683      1869             2460

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

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

Contact us

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

Request a home valuation if you are thinking about selling.  Give us a little information about any updates you have recently completed.  We will let you know what your home is worth in today’s market.  Provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms so you can make a good decision.

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

Resources:

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

2021 market update week 11.  Have a great week!

2021 market update week 11Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Market Update Week 10

2021 market update week 10 Cover

2021 market update week 10.  New listings of single family homes are up again.  218 this week compared to 190 the week before.  This is helping but we need to double this and also have a wider range of prices.

Closing listings of single family homes are down.  177 this week compared to 213 the week before.  They will increase as we head to the end of the month when most buyers want to close.

2021 Market Update Week 10

2021 Market Update Week 10-Stats

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

Aurora-New 26 $160,000-$886,400

            Closed-30 $55,700-$600,000

Bolingbrook-New 16 $199,900-$469,000

                    Closed-11 $212,000-$529,900

Geneva-New 9 $269,900-$670,000

              Closed-12 $240,000-$755,689

Naperville-New 56 $300,000-$4,700,000

                 Closed-33 $270,000-$1,843,000

Plainfield-New 29 $210,000-$565,000

                Closed-15 $236,000-$650,000

St Charles/Campton Hills-

                New 17 $239,000-$795,000

                Closed-12 $175,000-$1,300,000

Yorkville-New 14 $189,900-$629,495

               Closed-12 $140,000-$445,000

The median list price this week is $365,000 and the median sales price is $330,000.

Contracts accepted this week

Contracts accepted this week are up.  289 this week compared to 260 the week before.  With 218 new listings this week that is not replacing how many went off the market this week.  We are still in a seller’s market.  Now is the time to sell!

2021 Market Update Week 10-Contracts accepted this week

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

Aurora-33                                   Bolingbrook-12

Geneva-17                                 Naperville-69

Oswego-16                                 Plainfield-34

St Charles/Campton Hills-21      West Chicago-13

Yorkville-12

No short sales accepted by seller’s this week.  That does not mean that there are none available.  That is 2 weeks in a row.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  3 with a kick-out clause of 72 hours, 9 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.

2021 market update by the month

Month                     New     Closed     Contracts accepted

January                    543           649               829

February                  561           604               778

March                      408           390               549

Totals                    1512          1643             2156

Check back with us every Saturday for the update.  At the end of each month we will also compare to 2020 and 2019 so you can get an idea on how this year is going compared to the 2 previous 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 a great time to sell.  There is not enough homes on the market for the amount of buyers out there looking.  Prices are rising.  Request a home valuation so we can show you what your home 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.

Thinking about buying this year?  You might want to buy your first home or maybe a home with a little more room.  Get  2 years of tax returns, all your income and debt together and contact a loan officer to get prequalified.  They will provide you with a letter showing what type of loan and what price works out for you.  When you find a home we will send this with an offer to show the seller’s you do qualify for their home.  If you wait to find a home it will be too late.  Homes are selling fast right now.  You need to be ready.  If it is older than 30 days you will need to get it updated.

Resources to check out:

It might be worth your time to check the different programs.  There is 2 new IDHA programs that one might help out with student debt and the other one if you live there for at least 5 years you might not have to pay it back.

We have many brochures we can email you on Radon, Lead-based paint, understanding the costs and information about special service areas.

2021 Market Update Week 10.  Have a great week!

2021 market update week 10Kristine 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