12 21 19 Market Update Fox Valley

Posted on December 21, 2019December 28, 2019 by Kristine Heiman, Designated Managing Broker

12 21 19 Market update Fox Valley

12 21 19 market update Fox Valley. New listings of single family homes was just slightly lower this week. 129 this week compared to 136 the week before. We are only days away from the holiday so hopefully they will pick up in the next couple of weeks. Buyers are still out there looking. Start the New Year out getting your home on the market.

Closed listings of single family homes was up by 26 homes. 208 homes closed this week compared to 182 the week before. We are getting close to the end of the month when most buyers want to close. These closings were people that wanted to move in their new home before Christmas. What a great present!

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

Aurora-New 19 $50,000-$500,000

Closed-35 $70,000-$412,500

Bolingbrook-New 11 $149,900-$415,000

Closed-13 $116,000-$350,000

Geneva-New 15 $335,000-$1,200,000

Closed-6 $194,000-$579,200

Naperville-New 20 $224,900-$1,200,000

Closed-44 $253,500-$1,222,500

Oswego-New 10 $185,000-$1,199,000

Closed-14 $170,000-$770,000

Plainfield-New 18 $215,000-$449,000

Closed-21 $162,000-$535,000

St Charles/Campton Hills-

New 5 $209,900-$1,095,000

Closed-11 $179,000-$572,500

Contracts accepted this week

Contracts accepted on single family homes was significantly down this week. 117 this week compared to 155 the week before. Inventory of homes for sale is way down right now and we are so close to the holiday. Weather definitely is not factor. It is cold but no snow or ice to worry about and the temperatures are rising into this next week.

Communities with the most contracts accepted this week:

Aurora-21 Naperville-18

Plainfield-12

These communities are consistently very active every week.

Only 3 homes received contracts on short sales this week. 1 each in Aurora, Bolingbrook and Yorkville. Now they will be submitted to the lender to see if they will also accept. These take a special buyer that can wait.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 3 with 48 hours.

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 438 532 399

Total 15,430 10,634 12,189

Closed are the most important numbers.

Some of the New listings get canceled and relisted so the number of days on market are lower. This number does not reflect actual new listings. They might be counted more than once so don’t think that many listings have come on the market and have not sold.

Not all contracts that get accepted close. Some of them might not make it through attorney review or the home inspection. This is when it is very important to have a good REALTOR® and real estate attorney that will negotiate issues. Some issues turn up that are not able to be resolved in a timely manner but other times it is the buyer not understanding the process and thinking anything that shows up on the home inspection should be fixed. A lot of times those are items the home inspector is wanting them to pay attention to that are routine maintenance. These numbers might have been counted more than once on the same home. They might of accepted an offer and it was canceled then back on the market and contract accepted again.

It is interesting to see the numbers. Activity happens year round.

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 meet your goals.

Thinking about selling? Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses so you can see where you are at. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best for you.

Check out some great resources:

Also talk to your lender to see if they offer assistance. Sometimes they have a better deal or can combine assistance.

12 21 19 market update Fox Valley. Have a great week. Happy Holidays!

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 another way to search for a home. You can change to satellite view to see how the home is situated on the property and it also has a chat feature. You might really like this one!

Fox Valley Market Update May 18 2019

Posted on May 18, 2019May 18, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 18 2019

Fox Valley market update May 18 2019. New listings of single family homes picked up this week. 438 this week compared to 402 the week before.

2019 New listing of single family homes in the Fox Valley market by the month:

January-878
February-1,032
March-1,731
April-1,594
May so far-1,243

We still have 2 weeks to go in May! Now is a great time to be out looking at homes with more new listings coming on the market everyday.

Closed listings this week were also up. 246 this week compared to 212 the week before. These numbers should increase as we head into the end of the month when most Buyers want to close.

2019 Closed listings of single family homes in the Fox Valley by the month:

January-407
February-465
March-915
April-790
May so far-759

May will pass up April in both New listing and Closed listings.

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

Aurora-New 49 $99,000-$635,000 Closed-40 $119,900-$685,085

Batavia-New 16 $100,000-$750,000 Closed-5 $229,900-$620,000

Bolingbrook-New 29 $167,900-$699,900 Closed-21 $132,300-$388,500

Geneva-New 19 $227,900-$825,000 Closed-7 $190,000-$531,500

Montgomery-New 9 $109,900-$295,000 Closed-10 $122,350-$269,900

Naperville-New 113 $209,000-$1,225,000 Closed-40 $232,166-$1,100,000

Oswego-New 21 $154,900-$964,000 Closed-18 $120,000-$380,000

Plainfield-New 44 $189,900-$799,999 Closed-29 $140,000-$455,000

Plano-New 12 $160,000-$385,000 Closed-5 $50,000-$247,410

St Charles/Campton Hills-New 36 $228,900-$1,375,000 Closed-17 $230,000-$800,000

West Chicago-New 10 $104,900-$600,000 Closed-6 $210,000-$450,000

Yorkville-New 18 $172,500-$599,900 Closed-9 $212,500-$367,500

Contracts accepted this week

Contracts accepted this week by Sellers of single family homes was slightly up this week. 307 this week compared to 302 the week before. We love consistency!

2019 look at contracts accepted of single family homes in the Fox Valley by month:

January-608
February-832
March-1,375
April-1,307
May so far-947

Very exciting time for both Buyer and Seller! Now the process to get to closing. Let us help you to get on this list and guide you to closing. If you are thinking about purchasing you need to get pre-approved with a loan officer. Thinking about selling? We can show you what your home is worth in today’s market and show you what the outcome might look like.

Communities this week that Sellers accepted the most contracts:

Aurora-42 Bolingbrook-30 Geneva-11

Montgomery-10 Naperville-59 Oswego-20

Plainfield-34 Plano-10 St Charles/Campton Hills-18

Short sales this week accepted by Sellers were half of last week. 2 this week compared to 4 the week before. 1 each in Oswego & West Chicago.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 9 with a kick-out clause of 72 hours, 22 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still needs to sell and close on their current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman Managing Broker ext 101. Let us know what questions you have and how we can help you with your real estate goals.

Resources to check out:

Fox Valley market update May 18 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

You might like this way of searching for a home. Let us know what you think!

Visual Space Effects

Posted on May 25, 2016November 12, 2016 by Kristine Heiman, Designated Managing Broker

I’ve had a lot of questions lately about using visual effects to change the appearance of a room, such as making a tall room look wider or a short room look taller. I’ve responded to a number of those privately, but thought I’d do better to finally have that information see the light of day, if for no other reason than to free up a little more creative time.

Let’s start by making rooms appear taller. Here are a few of my favorite:

Use stripes, either strongly or weakly contrasting, to draw the eye up and make a room appear taller. Actually, pretty much anything that draws the eye up makes your room feel taller, even if it’s just a high shelf with collectibles near the ceiling, an interesting border or similar attention-grabber.

Stick to using a lighter paint or wallpaper on the ceiling, making it recede.

Use flush lighting to increase the appearance of height. Hang your drapes closer to the ceiling instead of just at the top of your window (you can use this trick to make your windows look larger, too). Decorate vertically instead of horizontally.

. . . pretty much anything that draws the eye up makes your room feel taller, even if it’s just a high shelf with collectibles near the ceiling, an interesting border or similar attention-grabber.

Make small spaces big

There are also a lot of options available for making smaller spaces look larger. Don’t feel that you need to stick with painting everything white to expand the space, but you will want to stick to lighter colors. If you do go bold with your color scheme, make sure you use clear tones that help expand the space, rather than muted tones that will make it seem closed in.

Use functional furniture with storage spaces to help reduce clutter.

When it comes to small spaces, you’ll want to incorporate medium-sized accent pieces to keep the space from feeling small when large accents are used or cluttered when using a lot of tiny items. You want accents that use similar colors to draw the eye across the space instead of stopping its motion.

Add a diagonal element to help draw the eye upward.

Take a good look at how the vertical elements in this room’s design help draw the eye upward, making it appear taller. Whether it’s a bold pattern, stripes or tall design elements, drawing the eye up makes a room look larger.