2021 market update week 9

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.

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.

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

• Types of loans and the process
• VA loans and the process
• Current interest rates
• Down payment assistance
• Illinois homeowner assistance and some community assistance
• IDHA programs

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!

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