Fox Valley real estate market update October 16 2021

Posted on October 16, 2021October 16, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley real estate market update October 16 2021

Fox Valley real estate market update October 16 2021. New listings of single family homes are down. 171 this week compared to 205 the week before. This is getting so extremely low. This covers 2 counties Kane and Kendall.

Closed listings of single family homes are also down. 208 this week compared to 228 the week before. We are half way through the month. This should increase in the next 2 weeks as we get closer to the end of the month.

Aurora-New 23 $194,500-$775,000

Closed-25 $158,000-$1,075,000

Bolingbrook-New 11 $204,000-$425,000

Closed-17 $180,000-$610.,000

Montgomery-New 4 $239,900-$389,999

Closed-15 $220,000-$345,900

Naperville-New 34 $310,000-$1,500,000

Closed-29 $280,000-$1,300,000

Oswego-New 12 $250,000-$659,000

Closed-11 $205,000-$442,500

Plainfield-New 20 $279,900-$510,000

Closed-28 $189,500-$590,000

St Charles-New 13 $225,000-$965,000

Closed-15 $270,000-$950,000

West Chicago-New 5 $235,000-$400,000

Closed-13 $199,900-$652,000

Aurora saw it’s first home closed over 1 million dollars this week for the year. It was in Stonebridge subdivision. Some communities we have seen this often, and others have not see one yet.

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

Median listed price this week $350,000, last week it was also $350,000.

Closed median price this week $341,000, last week it was $355,000.

Fox Valley real estate market update October 16 2021-Stats — Stats this week

Conventional financing was used on closed homes this week 131 at a median price of $376,077, last week 154 at $393,125.

Cash homes closed this week 27 at median price of $324,900, last week 28 at $259,000

Fox Valley real estate market update October 16 2021-Conv and Cash — Conventional and Cash

FHA homes closed this week 35 at median price of $282,000, last week 33 at $280,000.

VA homes closed this week 15 at median price of $349,000, last week 11 at $340,000.

Fox Valley real estate market update October 16 2021- FHA and VA — FHA and VA financing

Homes closed with 2,000 square feet or more this week 123 at a median price of $409,000, last week 131 at $420,000. Minimum price was $205,000 this week, last week $216,000.

This gives you an idea of what seller’s are accepting for financing, what types are used and the price ranges. If you are looking for a home with 2,000 square feet or more this gives you an idea of what you will have to spend to get that in the Fox Valley.

Fox Valley real estate market update contracts accepted this week

Contracts accepted this week on single family homes was down. 233 this week compared to 256 the week before. New listings have declined so this is to be expected. This does not mean there are less buyers out there. We need more listings!

Aurora–35 Bolingbrook-23

Geneva-12 Montgomery-14

Naperville-34 Oswego-18

Plainfield-27 St Charles-21

1 short sale was accepted by a seller this week on a single family home. It was in Aurora. Now it will be submitted to the lender to see if they will also accept. Prices are rising because of low inventory so a lot of sellers can sell without having to sell short. Some even walk away with money to help them move.

It is a good idea to find out what your home is worth right now. You might be able to sell too.

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. 5 with a kick-out clause of 48 hours.

Fox Valley real estate market update 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 376 436 489

Totals 9327 10484 11529

Sales of single family homes have been good this year despite the pandemic and a very tight market of listings. The demand for housing is not diminishing.

Check back with us every Saturday to see the 2021 by the month. At the end of each month we will also look back at 2020 and 2019 so you can compare how the market is improving.

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.

Getting a contract on a home is not the hard part. There are so many things to get through to get to closing. You want someone that will stay on top of things and overcome any obstacles that might pop up so you get to closing.

Appraisals are one of those obstacles that are happening right now. Prices are rising, but you need to find comparable properties to show the lender that it is worth that price. If the appraisal comes in low you will have to renegotiate or the buyer will need to bring into closing the difference in cash besides the rest of the closing costs.

Request a home valuation if you are thinking about selling your home. 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 a home? The first step is to gather all your financial information and get it to a loan officer so they can get you pre approved. They will provide you with a letter that will go with an offer when you find a home. This shows the seller that you qualify for their home. Just talking to a loan officer and giving them your information is not good enough anymore. You need to go through the extra step of getting them all your financial information.

Resources:

You can also check different sites for current interest rates. If you have a loan officer they can keep you up to date with the rates that they offer and any incentives they might have.

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

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update October 16 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 Real Estate Market Update Week 40

Posted on October 9, 2021October 9, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 40

Fox Valley real estate market Update week 40. New listings of single family homes are exactly the same number as last week. 205 new listings for both weeks. We do love consistency, but the number is way down farther than we like it to be.

Closed listings of single family homes is down. 228 this week compared to 338 the week before. This is because it is 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 24 $149.900-$690,000

Closed-42 $99,000-$615,000

Bolingbrook-New 17 $235,000-$514,900

Closed-20 $220,000-$522,000

Montgomery-New 10 $175,000-$345,000

Closed-10 $185,000-$370,000

Naperville-New 40 $300,000-$1,475,000

Closed-24 $245,000-$1,350,000

Oswego-New 15 $235,000-$489,900

Closed-7 $155,000-$605,000

Plainfield-New 24 $179,900-$649,900

Closed-31 $240,000-$1,160,000

St Charles-New 16 $99,900-$1,550,000

Closed-20 $115,000-$760,000

Yorkville-New 9 $229,000-$925,000

Closed-11 $39,900-$550,000

There are many more communities on the image above. If you are looking for a community with less turnover you might want to take a look.

Financing used, median list and closed price and 2,000 square feet or more

Median list price this week is $350,000, last week $349,315.

Closed median price this week $355,000, last week $340,000.

Conventional is still the most used financing. There were 153 this week, last week 243.

Cash closed this week 28, last week 41.

Fox Valley Real Estate Market Update Week 40-Conventional and Cash — Conventional and Cash

FHA closed this week 33, last week 39.

VA closed this week 11, last week 13.

Fox Valley Real Estate Market Update Week 40-FHA and VA — FHA and VA Financing

2,000 or more square feet closed this week 131, last week 183. The median price closed this week $420,000, last week $415,000. Minimum closed 2,000 or more square feet this week is $216,000, last week $90,000.

Fox Valley Real Estate Market Update Week 39-2000 or more SF — 2000 or more square feet

This gives you an idea on pricing, which financing will most likely get accepted from a seller and the size of the homes here in the fox Valley. When you are getting pre approved with a loan officer you might want to keep this in mind.

Contracts accepted this week

Contracts accepted this week were up. 256 this week compared to 248 the week before. Even though new listings were down, contracts accepted went up.

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

Aurora-47 Bolingbrook-25

Naperville-40 Oswego-12

Plainfield-32 St Charles-20

2 short sales were accepted by seller’s this week. 1 each in Aurora and Plainfield. Now they will be submitted to the lender to see if they will also accept. Most homes today have appreciated enough with today’s prices that they can sell without going through the short sale process. If you are having difficulty paying for your mortgage contact us so we can let you know where you are at. You might even walk away with money in your pocket.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 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, also 1 with 48 hours and 2 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 205 228 256

Totals 9156 10276 11296

Closed is the most important column to keep track of. Not all deals close. Some do not make it past the home inspection and attorney review period. Some of them have had issues with the appraisal, and others the loan was not approved.

Check back with us every Saturday for the update. At the end of the month we will also take a look back at 2020 and 2019 so you have that to compare to.

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 a home valuation and give us some details about your home. Let us know what has been recently completed. Any updates recently.

Thinking about buying a home? You will need to get all of your financial information together and contact a loan officer to get pre approved. Just calling them and giving your information over the phone is not good enough right now. You will need to take this extra step so when you find a home the seller will be more willing to accept your offer knowing that you qualify.

Resources:

We can make recommendations for a few loan officers, real estate attorneys and home inspectors so you can choose who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley real estate market update week 40. 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 39

Posted on October 2, 2021October 2, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 39

Fox Valley real estate market update week 39. New listings on single family homes are down. 205 this week compared to 233 the week before. Housing continues to be a problem. There just is not enough to meet the demand. Prices will continue to rise until this gets resolved.

Closed single family homes were up. 338 this week compared to 232 the week before. It is the end of the month so this is to be expected.

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

Aurora-New 36 $145,000-$770,000

Closed-59 $90,000-$595,000

Batavia-New 3 $299,900-$1,000,000

Closed-12 $131,000-$500,000

Bolingbrook-New 14 $240,000-$425,000

Closed-22 $217,500-$527,194

Geneva-New 10 $295,000-890,000

Closed-13 $240,000-$1,050,000

Montgomery-New $209,000-$339,900

Closed-13 $175,000-$415,000

Naperville-New 30 $245,000-$10,500,000

Closed-44 $325,000-$785,000

Oswego-New 18 $219,000-$535,200

Closed-15 $289,000-$665,000

Plainfield-New 25 $209,900-$650,000

Closed-45 $271-$$1,200,000

the 271 is a mistake but I don’t know the correct number. Someone must of entered it wrong.

St Charles-New 12 $189,000-$830,000

Closed-22 $207,000-$1,130,000

Sycamore-New 1 $367,000

Closed-12 $165,000-$355,000

West Chicago-New 6 $249,900-$435,000

Closed-11 $182,000-$685,000

Yorkville-New 9 $210,000-$535,000

Closed-15 $270,000-$550,000

Click on the photo above to see other communities that have had activity.

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

Median list price this week is $349,315, last week $349,900

Closed median price this week was $340,000, last week $336,137.

Single family homes that closed using Conventional financing this week 243, last week 163

Cash used to close this week 41, last week 25

FHA used to closed this week 39, last week 37.

VA financing used to close this week 13, last week 4.

Most seller’s are looking for Conventional financing. FHA has had a hard time getting accepted. There are not as many people using VA in our area.

Single family homes that closed this week with 2,000 or more square feet 183, last week 131. The median price this week was $415,000 with the minimum price of $90,000. Slightly less than half of the homes closed with less than 2,000 square feet in the Fox Valley area.

Contracts accepted this week

Contracts accepted on single family homes were down. 248 this week compared to 277 the week before. New listings staying in the 200’s is not helping. Buyers need more to choose from.

Look at the communities with the most activity this week:

Aurora-54 Bolingbrook-26

Geneva-13 Naperville-29

Oswego-10 Plainfield-24

St Charles-16 Yorkville-13

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

Seller’s accepted contracts that are contingent on the buyers closing on their current homes. 4 with a kick-out clause of 72 hours and 8 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 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

Totals 8951 10048 11040

2020

Month New Closed Contracts accepted

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

Totals 10420 8797 11505

2019

Month New Closed Contracts accepted

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

September 1164 765 869

Total 12695 7928 9735

Closed single family homes have increased over the last 3 years even though less homes were available to choose from.

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. A net proceeds will be provided to you 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? The first step is to gather all your financial information and contact a loan officer to get pre approved. Then you will be ready to start looking for a home.

Resources

Types of loans and the process
VA loans and the requirements
Current interest rates
Down payment assistance
IDHA programs

If you need recommendations for loan officers, real estate attorneys or home inspectors we can give you a few to contact so you can decide who you want to work with.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 39. 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

Fox Valley Real Estate Market Update Week 37

Posted on September 18, 2021September 18, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley Real Estate Market Update Week 37

Fox Valley real estate market update week 37. New listings of single family homes are down. 202 this week compared to 239 the week before. We are heading in the wrong direction. Buyers are still out there trying to find a home. There is not as many offers as before. Still multiple offers, but not as many.

Closed listings of single family homes was up. 249 this week compared to 205 the week before. This should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 28 $134,900-$469,000

Closed-39 $155,000-$510,000

Batavia-New 3 $284,900-$635,000

Closed-10 $239,900-$690,000

Bolingbrook-New 20 $224,900-$450,000

Closed-16 $100,000-$467,000

Geneva-New 5 $220,000-$889,000

Closed-10$260,000-$510,000

Montgomery-New 4 $225,000-$369,999

Closed-11 $190,000-$390,000

Naperville-New 38 $269,900-$6,990,000

Closed-25 $335,000-$1,409,945

Oswego-New 11 $320,000-$489,900

Closed-12 $280,500-$495,000

Plainfield-New 22 $199,500-$575,000

Closed-38 $181,000-$611,000

St Charles-New 15 $149,500-$1,250,000

Closed-17 $275,000-$995,000

West Chicago-New 6 $240,000-$565,000

Closed-15 $190,000-$555,000

Yorkville-New 12 $249,000-$449,900

Closed-13 $185,000-$490,000

Financing, median prices and 2,000 sf or more

Median list price this week $350,000, last week it was also $350,000.

Closed median price this week $335,000, last week $340,000. So we are starting to see prices stabilizing or coming down a little bit.

Fox Valley Real Estate Market Update Week 37-Stats 091821 — Median list and closed price

Conventional financing chosen this week 183, last week 161.

Cash was chosen this week 21, last week also 21

Fox Valley Real Estate Market Update Week 37-Conventional and Cash 091821 — Conventional and Cash

FHA was chosen this week 39, last week 20.

VA was chosen this week 6, last week 3.

Fox Valley Real Estate Market Update Week 37-FHA and VA 091821 — FHA and VA

People looking for a home that is 2,000 square feet or more this week 136 homes out of 249 with median price of $409,500 and minimum price $218,000. This gives you an idea of the size of home and price range for the area in the Fox Valley.

Fox Valley Real Estate Market Update Week 37-2000 or more square feet — Homes 2,000 SF or more

Contracts accepted this week

Contracts accepted this week on single family homes by seller’s was up. 268 this week compared to 207 the week before. It is still a good time to sell. Buyers are still out there hoping for homes to come on the market.

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

Aurora-45 Batavia-10

Bolingbrook-20 Geneva-11

Montgomery-15 Naperville-42

Oswego-11 Plainfield-36

St Charles-22 Yorkville-11

There 2 short sales accepted by seller’s this week. Both of them were in Aurora. 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. 2 with a kick-out clause of 72 hours and 10 with 48 hours.

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

2021 by the month

Month New Closed Contract accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 645 841 726

Totals 8513 9418 10515

Closed is the most important column to look at. These are actual numbers. September is looking pretty good. We still have almost 2 weeks left of the month.

Check back with us every Saturday to get the market update. At the end of each month we will also look back at 2020 and 2019 to 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.

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

Thinking about buying? Get all your financial information together and contact a loan officer to get pre approved. You need to be ready before you start looking.

Resources:

Let us know what other information you are looking for. We will point you in the right direction. If you need recommendations we will be happy to provide a few to contact when looking for loan officers, real estate attorneys and home inspectors.

All data used is from our MLS MRED, LLC.

Fox Valley real estate market update week 37. 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 36

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

Fox Valley Real Estate Market Update Week 36

Fox Valley real estate market update week 36. New listings of single family homes were up. 239 this week compared to 204 the week before. Inventory o f homes continues to be a challenge. Now that school is back in session there was a slow down. Hopefully now things will get back to normal and more listings will come on the market.

Closed listings of single family homes were also down. 205 this week compared to 387 the week before. This is to be expected at the beginning of the month. It will increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 31 $89,900-$485,000

Closed-37 $164,000-$682,500

Batavia-New 12 $170,000-$579,000

Closed-7 $250,000-$415,000

Bolingbrook-New 17 $219,000-$455,000

Closed-19 $240,000-$495,000

Geneva-New 9 $298,000-$600,000

Closed-13 $205,000-$635,500

Montgomery-New 11 $164,900-$329,900

Closed-8 $122,000-$316,000

Naperville-New 46 $249,000-$2,490,000

Closed-28 $280,000-$1,470,000

Oswego-New 12 $255,000-$499,900

Closed-8 $305,000-$675,000

Plainfield-New 26 $219,900-$799,000

Closed-30 $250,000-$575,000

St Charles-New 18 $259,900-$1,895,000

Closed-14 $190,000-$2,400,000

Yorkville-New 11 $259,900-$949,000

Closed-6 $260,000-$340,000

You can see the other communities by clicking on the picture above.

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

Median list price this week $350,000, last week also $350,000. Closed median price this week $340,000, last week $345,000. This is the second week with a decrease.

Fox Valley Real Estate Market Update Week 36-Stats 091121 — Median list and closed price this week

Out of 205 closed single family homes 161 of them used Conventional financing. 21 of them were Cash.

Fox Valley Real Estate Market Update Week 36-Conventional and Cash 091121 — Conventional and Cash

20 of the closed single family homes chose FHA financing, and 3 chose VA financing.

Fox Valley Real Estate Market Update Week 36-FHA and VA 091121 — FHA and VA financing

127 of them were 2,000 square feet or more this week with a median closed price of $410,000. Minimum closed price was $191,000. So if you are looking for a home with this square feet or more, this is the price range for this week.

Fox Valley Real Estate Market Update Week 36-2000 or more sf 091121 — 2,000 or more square feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 207 this week compared to 251 the week before. buyers are still out there looking but they are having a hard time finding what they are looking for with the inventory so low.

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

Aurora-32 Bolingbrook-13

Montgomery-13 Naperville-34

Oswego-10 Plainfield-28

St Charles-13

There was 1 short sales accepted this week and it was in Warrenville. 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. 2 with a kick-out clause of 72 hours, 7 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 72 hours and 5 with 48 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 443 592 458

Totals 8311 9229 10247

June was the best month so far for closings. Buyer’s could get moved in and enjoy the summer in their new home. Now would be a good time to get moved in before winter and the holidays. Homes continue to sell all year.

Check back with us every Saturday. At the end of the month we compare this year 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.

Request a home valuation if you are thinking about selling your home. Tell us a little bit 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 a home? The first thing you need to do is get all your financial information together and contact a loan officer. You will need to email or drop off copies of all your financial documents so they can put you through underwriting to get pre approved. Just calling them and telling them your information is not good enough anymore. You need to get pre approved so when you find a home you are ready to submit an offer.

When you start the process of looking at homes, you need to be ready to go look when a home hits the market. If you wait for the weekend it might be gone already.

Resources:

If you need recommendations for loan officer’s, real estate attorney’s, and home inspector’s we would be happy to provide you with a few of each to contact. You can decide who you want to work with.

All data used is from our MLS MRED, LLC.

As we look back on 20 years since 9/11/01, take a moment to reflect on all the lives lost that day. We will never forget!

Fox Valley real estate market update week 36. 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 35

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

Fox Valley Real Estate Market Update week 35

Fox Valley real estate market update week 35. New listings of single family homes are down. 204 this week compared to 221 the week before. We are not going in the right direction. Things usually slow down when school starts, but then it starts back up again.

Closed listings of single family homes are up. 387 this week compared to 273 the week before. Most of these were probably closed on Monday and Tuesday the last 2 days of the month of August. Most buyers like to close at the end of the month so they can bring less to closings.

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

Aurora-New 22 $169,000-$599,000

Closed-61 $106,000-$705,000

Batavia-New 6 $114,900-$469,900

Closed-12 $229,000-$580,000

Bolingbrook-New 13 $220,000-$614,900

Closed-28 $157,000-$490,000

Geneva-New 7 $285,000-$995,000

Closed-13 $264,500-$465,000

Montgomery-New 12 $214,900-$375,000

Closed-17 $200,000-$365,000

Naperville-New 46 $275,000-$3,600,000

Clsoed-64 $280,000-$2,250,000

Oswego-New 11 $264,900-$675,000

Closed-17 $225,000-$640,000

Plainfield-New 24 $249,000-$599,900

Closed-57 $255,000-$525,000

St Charles-New 18 $159,000-$1,345,000

Closed-27 $187,250-$1,395,000

Yorkville-New 8 $259,900-$589,900

Closed-19 $230,000-$739,900

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

Median list price this week $350,000, last week $355,000. Closed median price this week $345,000, last week $355,000. A slight change from the week before. Nothing too drastic.

Fox Valley Real Estate Market update week 35-Stats 090421 — Median prices this week

Homes closed using conventional financing this week 281, last week 199. Closed this week using Cash 34, last week 33. This is out of 387 closed this week. Conventional is still the what most seller’s are looking for.

Fox Valley Real Estate Market Update Week 35- Conventional and Cash 090421 — Conventional and Cash

FHA this week 46, last week 34. VA this week 25, last week 7. It is great to see more of FHA and VA getting accepted and closed. They have really struggled to get through earlier this year. So many of those buyers gave up. So I hope they will start looking again.

Fox Valley Real Estate Market Update Week 35-FHA and VA 090421 — FHA and VA Financing

Out of 387 closed this week 237 of them were 2,000 square feet or more. The median closed price was $420,000 this week, last week it was $423,550. Not much difference there. Minimum closed price was $140,000 this week with list price of $150,000. This gives you an idea of what 2,000 square feet or more costs you here in the Fox Valley area of Illinois.

Fox Valley Real Estate Market Update Week 35-2000 sf or more 090421 — 2,000 square feet or more

Contracts accepted this week

Contracts accepted this week were down. 251 this week compared to 286 the week before. The market should pick back up again after the Labor Day weekend.

Fox Valley Real Estate Market Update Week 35-Contacts accepted this week — Contracts accepted this week

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

Aurora-43 Bolingbrook-26

Montgomery-12 Naperville-26

Plainfield-30 St Charles-15

West Chicago-12 Yorkville-16

1 short sale was accepted this week. It was in Plainfield. Now it will be submitted to the lender to see if they will also accept it. Most homeowners that are having trouble paying their mortgage can sell without doing a short sale. The prices have increased enough that most of them can sell and might even get some money at closing to move.

Seller’s have accepted contracts that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s have accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours, 1 with 48 hours and 2 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 1228 1289

June 1450 1686 1671

July 1118 1182 1210

August 1109 1203 1170

September 204 387 251

Totals 8072 8964 10040

Single family homes have been selling. It has been a good year with a very tight market so far. Check back with us every Saturday for the real estate market update. At the end of each month we take a look back at 2020 and 2019 as well so you can see how things have been 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.

Request a home valuation if you are thinking about selling. Give us a little 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 get with a loan officer and get all your financial information to them so they can get you pre approved. Seller’s today want to see more than just calling up a loan officer and talking to them on the phone, They want to know that the loan officer has seen all your information and ran the credit check and put it through underwriting. It also will make it much faster when you find a home to get the loan approved.

Resources:

If you need recommendations for loan officers, real estate attorneys or home inspectors we can send you a few to contact and you can decide who you want to work with.

Fox Valley real estate market update week 35. Happy Labor Day weekend! Enjoy and be safe.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 6038

630-503-6555 ext 101

Market update Fox Valley week 28

Posted on July 11, 2020July 11, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 28

Market update Fox Valley week 28. The market is still hot! New listings of single family homes were up 12.59%. 313 this week compared to 278 the week before. If more home were on the market it would be even hotter. Inventory is so low. Now is the time to sell. Covid-19 has not slowed down the market. I think it has increased the market. Buyers are looking for a home with office space and more room with a bigger yard.

Closed single family homes were down 45.92%. 199 this week compared to 368 the week before. This is the first full week of July so this is to be expected. Most buyer’s want to close at the end of the month.

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

Aurora-New 37 $132,900-$582,000

Closed-28 $116,800-$483,000

Bolingbrook-New 13 $199,900-$389,900

Closed-16 $144,000-$498,030

Geneva-New 12 $265,000-$1,495,000

Closed-8 $295,000-$422,000

Montgomery-New 15 $144,000-$301,900

Closed-12 $180,000-$296,900

Naperville-New 59 $300,000-$1,350,000

Closed-28 $282,000-$755,000

North Aurora-New 10 $249,999-$429,900

Closed-4 $266,000-$335,982

Oswego-New 17 $259,900-$450,000

Closed-11 $229,000-$520,000

Plainfield-New 38 $209,000-$795,000

Closed-23 $160,000-$540,000

Plano-New 10 $179,000-$349,000

Closed-6 $183,000-$225,000

St Charles/Campton Hills-

New-31 $150,000-$2,195,000

Closed-10 $165,500-$800,000

Sugar Grove-New 10 $225,000-$849,900

Closed-2 $264,000-$275,000

Yorkville-New 19 $195,000-$339,900

Closed-11 $197,500-$447,500

Contracts accepted this week

Contracts accepted this week were down 12.56%. 341 this week compared to 390 the week before. This is due to low inventory. If there were more homes on the market these numbers would go up. During the week of the 4th new listings were down. Hopefully more homes will come on the market now that we are past the holiday. We hope they spent the week getting their home ready for market.

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

Aurora-37 Bolingbrook-16

Elburn-11 Geneva-10

Montgomery-12 Naperville-70

Oswego-18 Plainfield-46

St Charles/Campton Hills-29 West Chicago-16

Yorkville-15

Only 1 short sale was accepted by seller’s this week. It was a home in Sandwich. 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. 14 with a kick-out clause of 72 hours, 16 with 48 hours and 5 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 7 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours. There was 1 that did not have information other than it was contingent on the sale and close of the buyer’s home.

2020 by the month

Month New Closed Contracts accepted

Janauary 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 591 567 731

Totals 7,381 5,073 7,445

Check back with us every Saturday for the market update Fox Valley. At the end of each month we will also compare to 2019 and 2018 so you can see the changes over the current year with the other 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.

Thinking about selling your home this year? Now is the best time! If you are concerned about showing your home there is options. There is virtual showings with video or a photographer can do a 3D scan of your home. Would you like to see an example of that just let us know. You can set the instructions for showings. We can update the current value of your home and provide you with a net proceeds that shows you an estimate of expenses. This will be updated when an offer comes in and we know all the terms.

Are you wanting to buy a home? Your first step is to talk to a loan officer that will tell you the price range and the type of loan that will work out best for your situation. They will give you a letter showing what you qualify for that will go with an offer when you find the right home.

Check out some great resources:

We are here to guide you through the process from beginning until you get to closing.

Market update Fox Valley week 28. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Fox Valley market update 1-18-2020

Posted on January 18, 2020 by Kristine Heiman, Designated Managing Broker

Fox Valley market update 1-18-2020

Fox Valley market update 1-18-2020. New listings increased 13.3%. 247 this week compared to 218 the week before. That is great news for buyers that continue to search for just the right home to purchase. Choices are good! You still might have to find the home with the right amount of space and make it into your own.

Closings this week were exactly the same. 108 this week and the last. They should increase as we head into the end of the month when most buyers want to close.

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

Aurora-New 22 $109,900-$539,900

Closed-19 $70,007-$385,000

Bolingbrook-New 15 $164,900-$375,000

Closed-4 $159,000-$364,900

Geneva-New 16 $157,500-$899,900

Closed-9 $110,000-$602,000

Naperville-New 51 $269,989-$1,695,000

Closed-22 $295,000-$1,130,013

Oswego-New 15 $243,000-$445,000

Closed-2 $309,000-$365,000

Plainfield-New 38 $178,000-$830,000

Closed-13 $184,000-$405,000

St Charles/Campton Hills-

New 22 $78,900-$1,700,000

Closed-6 $175,000-$855,000

Yorkville-New 10 $229,000-$540,000

Closed-3 $130,000-$292,990

Contracts accepted this week

Contracts accepted this week rose just over 9%. 174 this week compared to 159 the week before. Buyers are looking for homes year round so don’t think this is not a good time to sell. If the location, condition and price are right it will sell. If you can’t update or change the condition the price might need to go down until the market shows you that you have finally hit the right spot.

Communities that sellers have accepted the most contracts this week:

Aurora-33 Bolingbrook-15

Naperville-23 Plainfield-19

St Charles/Campton Hills-12

The MLS has combined St Charles and Campton Hills if you are wondering why we always combine them. These are the communities in the Fox Valley that are consistently the most active.

Only 1 short sales was accepted this week. It was in Bolingbrook. Now it will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours and 6 with 48 hours.

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 603 334 440

Not bad for only 2 1/2 weeks into the new year. Activity happens no matter what time of year it is. You might want to get your home on the market now so you have less competition then when Spring market hits. If you are a buyer keep an eye on the new listings coming up and make sure your pre-approval letter is up to date. No more than 30 days old.

Contact us

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

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

Are you looking to buy this year? Make sure you contact a loan officer to get pre-approved so you are ready to go. We will not show homes without it. You don’t want to fall in love with a home that will not work for you. You need to find out the price range and what type of loan that will work out best for you.

Check out some great resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors we will be happy to provide you with a few of each to consider.

Fox Valley market update 1-18-2020. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

Fox Valley Market Update 1-11-2020

Posted on January 11, 2020 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update 1-11-2020

Fox Valley market update 1-11-2020 of single family homes. Our first full week of the new year picked up activity. 218 new listings of single family homes compared to 138 the week before. We are happy to see the increase of homes on the market. Choice is not an option in some price ranges. We hope this year will be different and more choices will be available this year.

Closed homes was slightly down this week. 108 this week compared to 118 the week before. This will increase as we get closer to the end of the month.

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

Aurora-New 30 $59,900-$619,000

Closed-16 $85,000-$468,000

Bolingbrook-New 16 $175,000-$579,000

Closed-5 $185,000-$319,900

Geneva-New 10 $262,000-$1,199,000

Closed-4 $235,000-$382,500

Naperville-New 34 $304,850-$3,750,000

Closed-15 $230,000-$1,520,000

Oswego-New 14 $184,900-$435,900

Closed-9 $219,900-$317,000

Plainfield-New 26 $174,900-$515,900

Closed-21 $153,000-$400,000

St Charles/Campton Hills-

New-12 $289,500-$1,199,999

Closed-14 $185,000-$785,000

Sugar Grove-New 11 $229,900-$1,250,000

Closed-3 $220,000-$290,000

Yorkville-New 10 $237,700-$499,900

Closed-1 $293,000

Contracts accepted this week

Contracts accepted this week increased by about 67%. 159 this week compared to 107 the week before. Buyers are out there just waiting for the right home to come on the market. Is it yours? It just might be so give us a call and let’s get your home on the market.

Communities this week that sellers accepted the most contracts:

Aurora-23 Bolingbrook-14

Naperville-23 Plainfield-24

St Charles/Campton Hills-14

No short sales contracts accepted this week. That does not mean there are no short sale properties out there. They just have not found a buyer yet.

Sellers have accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours and 9 with 48 hours.

Also sellers 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, 5 with 48 hours and 1 with 24 hours.

These sellers felt confident enough in the market that these homes will close to accept their contract.

2020 by the month

Month New Closed Contracts accepted

January 356 226 266

Looking back at previous 2 years

January 12 2019 445 200 243

January 13 2018 388 230 258

This is for the 2nd week in January the previous 2 years. Weather has not been a factor so far this year. We have had a mild winter so far. Last year January and February were brutal. I can’t remember the weather for 2018 during this time. Activity happens throughout the year. You might want to get a jump on the Spring market so you don’t have as much competition 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.

Get pre-qualified now with a loan officer so you are ready to start looking at homes. You need to find out what type of loan and what price range will work out best for you. Seller’s want to be confident that the people coming through their homes are qualified.

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

Check out some great 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
School ratings

Fox Valley market update 1-11-2020. Have an amazing week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com