2021 Real Estate Market Update Week 28

Posted on July 17, 2021July 17, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 28

2021 real estate market update week 28. Welcome back! We are here to give you as much information as we can about the market here in the Fox Valley area of Illinois.

New listings of single family homes were down. 277 this week compared to 287 the week before. Any decrease, even if it is small, is not good. There just is not enough homes on the market.

Closed listings of single family homes were way up. 305 this week compared to 206 the week before. As we head into the end of the month they should increase.

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

Aurora-New 40 $142,000-$739,000

Closed-49 $165,000-$615,000

Batavia-New 7 $274,900-$524,900

Closed-10 $335,000-$960,000

Bolingbrook-New 26 $175,000-$499,900

Closed-19 $205,250-$774,900

Geneva-New 8 $249,900-$763,000

Closed-16 $195,000-$860,000

Montgomery-New 6 $165,000-$292,500

Closed-14 $167,350-$361,000

Naperville-New 47 $278,000-$1,990,000

Closed-46 $240,000-$1,400,000

North Aurora-New 2 $199,900-$339,900

Closed-10 $291,000-$462,000

Oswego-New 15 $300,000-$525,000

Closed-14 $177,000-$610,000

Plainfield-New 38 $225,000-$1,000,000

Closed-40 $250,000-$640,000

St Charles-New 20 $279,990-$1,395,000

Closed-19 $185,000-$696,000

Sycamore-New 11 $259,900-$549,900

Closed-12 $140,000-$615,000

Yorkville-New 15 $267,500-$449,000

Closed-7 $285,000-$430,000

To see the other communities click on the photo above to enlarge. You might need to look in communities around where you would like to live to find something. If you are looking by school district or a certain subdivision we can set you up to receive listings in those areas. Just let us know what you are looking for.

Median price and type of financing

Single family homes median list price this week was $359,900, and last week it was $379,900

Median closed price of single family homes this week was $355,000, and last week it was $370,000.

Financing of single family homes that closed this week:

Conventional-232

Cash-28

FHA-39

VA-6

Financing of single family homes the week before:

Conventional-153

Cash-25

FHA-26

VA-4

I decided to add this so you can see what type of financing most buyer’s are using right now to get their offer accepted.

2021 Real Estate Market Update Week 28-Conventional and Cash — Conventional and Cash

2021 Real Estate Market Update Week 28-FHA and VA — FHA and VA

Contracts accepted this week

Contracts accepted this week on single family homes were up. 321 this week compared to 270 the week before.

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

Aurora-61 Bolingbrook-23

Geneva-10 Montgomery-13

Naperville-57 Plainfield-40

St Charles-27

1 short sale was accepted this week by a seller. It was in St Charles. 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, 8 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market 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 564 511 591

Totals 6205 6703 8000

You can see on the contracts accepted column, that contracts have been accepted more than once on a home. Sometimes because of inspection issues, appraisal issues or loan did not get approved.

Closed is the most important column. These are actual numbers. At the end of each month I will compare to 2020 and 2019 so you can get a better idea of how this year is going.

Contact us

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

Thinking about selling in this wonderful seller’s market? Request a home valuation and tell us a little bit about your home. What updates have you 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.

Are you wanting to buy a home? You need to get pre approved with a loan officer first. Get them all your financial information. You have to be ready to go or you will lose out. You will be up against multiple offers.

Resources:

If there is still information that you are looking for just let us know, and we will point you in the direction to the information.

All data used here is from our MLS MRED LLC.

2021 real estate market update week 28. Have a great week!

Kristine Heiman, SFR, SRS, AWHD

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 27

Posted on July 10, 2021July 10, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 27

2021 real estate market update week 27. We are working on the second half of the year now and hope the inventory of homes will improve.

New listings of single family homes was up. 287 this week compared to 239 the week before. Great news! We will take any improvement we can get.

Closed listings of single family homes were down. 206 this week compared to 419 the week before. That is to be expected for the beginning of the month.

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

Aurora-New 46 $194,900-$585,000

Closed-40 $155,000-$900,000

Bolingbrook-New 10 $198,000-$479,000

Closed-16 $215,000-$450,000

Elburn-New 11 $162,000-$699,000

Closed-2 $307,000-$370,000

Geneva-New 9 $252,900-$882,592

Closed-19 $261,000-$962,152

Naperville-New 63 $299,900-$2,095,000

Closed-37 $320,000-$1,209,000

Oswego-New 13 $249,900-$525,000

Closed-12 $258,000-$485,000

Plainfield-New 34 $220,000-$1,399,000

Closed-15 $250,000-$596,388

St Charles-New 29 $199,900-$1,449,000

Closed-11 $275,000-$900,000

Yorkville-New 11 $219,900-$1,100,000

Closed-7 $240,000-$565,500

Median price and financing this week

Median list price of single family homes this week was 379,900. Last week it was $369,504.

Median closed price of single family homes this week was $370,000 same as the week before.

I thought I would add financing this week so you can see what is happening. I did this a little later this morning than my first download so we have 2 more than what is listed above.

The one on the left is Conventional financing. There were 153 with $379,900 the median closed price.

The one on the right is Cash. There were 25 with $412,500 the median closed price.

The one on the left is FHA financing. There were 26 with $291,500 the median closed price.

The one on the right is VA financing. There were 4 with $417,950 the median closed price.

It is important to see the breakdown of what happening right now. I will continue to list this so you can see if things start to change.

Contracts accepted this week

Contracts accepted this week were down. 270 this week compared to 325 the week before. Last week new listings were down so that makes sense.

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

Aurora-46 Bolingbrook-21

Montgomery-13 Naperville-45

Oswego-13 Plainfield-39

St Charles-25

No short sales were accepted by seller’s this week. With the prices going up, even if they need to sell because of not working, most likely they can sell without having to go that route.

Sellers accepted contracts that are contingent on the buyer’s closing on their current home. 9 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’s selling and closing on their current home. 2 with a kick-out clause of 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 1088 1228 1289

June 1450 1686 1671

July 287 206 270

Totals 5928 6398 7679

Closed is the most important column to look at. We started ahead at the beginning of the year with inventory left over from the previous year. Not all of the contracts accepted will end up closing. Sometimes they come back on the market after home inspection/attorney review period of after the appraisal comes in. Prices have increased, and the appraisals don’t always match, so if they can’t come to an agreement the home goes back on the market.

It continues to be a seller’s market.

Contact us

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

Thinking about selling this year? Request a home valuation and let us know a little bit about your home and what you have updated. 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. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home this year you have to call a loan officer and get them all your financial information so they can get you pre approved. Pre qualify will not do in today’s market. You will probably be up against other offers when you do find a home so you want to let the seller’s know that you did this extra step.

Resources:

If you need recommendations for loan officers, real estate attorneys and home inspectors just let us know and we will recommend a few for you to choose from.

2021 real estate market update week 27. Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designate 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 26

Posted on July 3, 2021July 3, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 26

2021 real estate market update week 26. New listings this week are down. 239 this week compared to 285 the week before. Next week hopefully will be better with getting past the holiday.

Closings this week were way up. 419 this week compared to 292 the week before. Usually closing are up at the end of the month but some of these might of been delayed closings.

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

Aurora-New 29 $149,900-$595,000

Closed-63 $106,000-$753,000

Bolingbrook-New 18 $174,900-$501,375

Closed-29 $194,000-$513,925

Geneva-New 10 $275,000-$864,900

Closed-19 $249,500-$1,700,000

Naperville-New 47 $249,900-$1,650,000

Closed-80 $265,000-$1,649,000

North Aurora-New 5 $224,900-$359,900

Closed-12 $205,000-$500,000

Oswego-New 10 $275,000-$725,000

Closed-15 $250,000-$465,000

Plainfield-New 32 $185,000-$550,000

Closed-52 $160,000-$640,000

St Charles-New 21 $180,000-$705,000

Closed-40 $184,900-$1,450,000

Sycamore-New 6 $105,000-$439,000

Closed-15 $117,000-$585,000

Warrenville-New 0

Closed-12 $216,000-$740,000

West Chicago-New 6 $324,000-$850,000

Closed-13 $210,000-$530,000

Yorkville-New 7 $335,000-$565,000

Closed-15 $221,000-$400,000

Median list price this week is $369,504, and the week before was $370,000

Median closed price this week is $370,000, and the week before was $373,750.

Contracts accepted this week

Contracts accepted this week were down. 325 this week compared to 355 the week before. This July 4th holiday has impacted the market this week. We should get back to normal next week.

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

Aurora-50 Batavia-18

Bolingbrook-22 Geneva-14

Naperville-62 Oswego-16

Plainfield-31 St Charles-30

Yorkville-15

No short sales were accepted by seller’s this week. Most homes have appreciated in this market enough that they would not have to sell short.

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 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

Totals 5641 6192 7409

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

Totals 6790 4506 6714

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

Totals 8523 4825 6580

Even in a tighter market with less new listings than the previous 2 years 2021 closed on more homes. We are at the halfway mark for the year. Prices are up. We are still seeing multiple offers. It continues to be a seller’s market.

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 this year. Give us a little information about your home and what has been updated 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 this year? You will need to get pre approved with a loan officer. You will need to provide them with all your financial information. Today you can’t just call them and get prequalified you need to go through the process of getting pre approved. You will be up against multiple offers so you need to take this next step before even looking for homes. They are going fast. You need to be ready to look as soon as they hit the market and be ready to write an offer.

Resources:

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

2021 real estate market update week 26. Happy 4th of July! Have a great week.

Kristine Heiman, SFR, SRS, AWHD

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 25

Posted on June 26, 2021June 26, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 25

2021 real estate market update week 25. New listings of single family homes is down. 285 this week compared to 315 the week before. This is so discouraging for buyers that are waiting for new listings to come on the market. They just can not come on the market fast enough. Prices continue to rise because of the shortage of homes on the market. Some buyers are even getting priced out of the market.

Closed listings of single family homes was also down. 292 this week compared to 315 the week before. Monday through Wednesday next week I am sure will be busy. The last days of the month when most buyers want to close.

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

Aurora-New 39 $149,900-$599,900

Closed-41 $120,000-$535,000

Batavia-New 15 $239,900-$725,000

Closed-5 $105,000-$408,000

Bolingbrook-New 22 $214,900-$518,700

Closed-19 $165,300-$505,000

Geneva-New 11 $275,000-$665,000

Closed-10 $265,000-$725,000

Naperville-New 63 $275,000-$1,790,000

Closed-66 $280,000-$1,683,000

Oswego-New 8 $325,000-$619,000

Closed-14 $150,000-$540,000

Plainfield-New 33 $210,000-$565,000

Closed-45 $225,000-$973,665

St Charles-New 24 $200,000-$995,000

Closed-26 $257,000-$915,000

Yorkville-New 14 $280,000-$589,900

Closed-9 $295,000-$490,000

Median list price this week $370,000 last week $374,450

Median closed price this week $373,750 last week $361,000

Contracts accepted this week

Contracts accepted this week on single family homes was up. 355 this week compared to 332 the week before. We are still seeing multiple offers. Strong sellers market continues.

Look at the communities sellers accepted them ost contracts:

Aurora-57 Bolingbrook-28

Montgomery-13 Naperville-68

Oswego-19 Plainfield-44

St Charles-26 Yorkville-12

1 short sale was accepted this week by a seller on a single family home. It was in St Charles. 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, 11 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. 3 with a kick-out clause of 48 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 1088 1228 1289

June 1211 1267 1346

Totals 5402 5773 7084

You can see how things increased from March on, and it is not slowing down a bit.

Check back with us every Saturday. At the end of each month we will also look back at 2020 and 2019 so you can see how this year is going..

Next week I will compare to the previous 2 years since there are 3 days next week of June.

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 this year. You will see 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 have to be both patient and on the ball. You will most likely be up against multiple offers When a listing comes on the market you have to be ready to go see it that day. Getting prequalified is not enough. You need to get preapproved. If your loan officer will not do that, find another one that will do it.

If you will be buying with cash, you will need a letter from your financial institution stating that you have the money available to purchase that priced home plus closing costs.

Resources

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

Buying/selling a home is very exciting. It also can be very stressful. We will guide you through the process and explain everything to you so you know what to expect.

All data came from our MLS MRED, LLC

2021 real estate market update week 25. Have a great week!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 24

Posted on June 19, 2021June 19, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 24

2021 real estate market update week 24. New listings of single family homes increased slightly. 315 this week compared to 297 the week before. Any increase is welcome! It continues to be a sellers market.

Closed listings of single family homes increased. 337 this week compared to 317 the week before. They should increase as we head into the end of the month when most buyers want to close.

I just realized today’s download separated Aurora/Eola and St Charles/Campton Hills. Normally they are combined.

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

Aurora-New 39 $90,000-$650,000

Closed-50 $55,000-$643,500

Batavia-New 11 $165,000-$725,000

Closed-6 $210,000-$820,000

Bolingbrook-New 25 $148,000-$525,000

Closed-18 $210,995-$788,000

Geneva-New 17 $330,000-$2,688,000

Closed-21 $230,000-$949,000

Montgomery-New 5 $194,500-$305,300

Closed-13 $130,000-$369,900

Naperville-New 61 $279,900-$2,125,000

Closed-69 $245,000-$1,355,000

Oswego-New 12 $225,000-$499,900

Closed-19 $255,000-$507,500

St Charles-New 30 $179,000-$1,275,000

Closed-20 $200,000-$1,039,000

West Chicago-New 12 $199,000-$890,000

Closed-9 $210,000-$405,108

Yorkville-New 16 $201,900-$750,000

Closed-17 $165,000-$799,000

The median price this week on single family homes is $374,450 last week it was $375,000

The median closed price this week on single family homes is $361,000 last week it was $375,000.

Contracts accepted this week

Contracts accepted this week on single family homes were down slightly. 332 this week compared to 345 the week before. That is not cause for alarm. Buyers are still out there looking and trying to find a home.

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

Aurora-50 Bolingbrook-28

Geneva-15 Montgomery-10

Naperville-55 Oswego-16

Plainfield-36 St Charles-29

West Chicago-13 Yorkville-10

No short sales were accepted by sellers on single family homes this week. Prices of homes has gone up so a lot of people that would have to sell short are not having to do that now. If you are behind on paying your mortgage contact us to see where you are at. You might be able to sell for more than you owe.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 12 with a kick-out clause of 72 hours, 6 with 48 hours and 5 with 24 hours.

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

2021 real estate market 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 926 975 991

Totals 5117 5481 6729

We still have another week and half to go until the end of the month. It looks like June is on tract to be just a good as May for closed homes. Closed homes is the most important column to watch. They are actual numbers.

Check back with us every Saturday to see how the month is going. The last week of each month we will compare to 2020 and 2019 so you can see how the year is going so far.

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 this year? It is still a sellers market. Request a home valuation and we will let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you will have an idea of where you are at. This will be updated when an offer comes in and we know all the terms.

Are you wanting to buy a home this year. You need patience and perseverance. There is a shortage of homes for sale so you most likely will be up against other buyers trying to get the same home. Get a loan officer that will do a pre-approval not just prequalify. Get your tax returns ready and all financial information together to submit to them.

Resources:

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

2021 real estate market update week 24. Have a great week!

Kristine Heiman, Designate 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 23

Posted on June 12, 2021June 12, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 23

2021 real estate market update week 23. New listings of single family homes were down this week. 297 this week compared to 314 the week before. Not by much, but any decrease just makes it harder for the buyers that are waiting for new homes to come on the market.

Closed listings of single family homes was slightly down. 317 this week compared to 321 the week before. Consistency is what we like to see. They should 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 43 $140,000-$649,900

Closed-36 $120,500-$700,000

Batavia-New 9 $240,000-$664,900

Closed-13 $241,000-$550,000

Bolingbrook-New 27 $224,853-499,900

Closed-13 $190,000-$788,000

Geneva-New 11 $240,108-$879,900

Closed-14 $335,000-$1,095,000

Montgomery-New 7 $190,000-$319,900

Closed-10 $165,000-$335,000

Naperville-New 68 $274,500-$2,699,000

Closed-60 $299,000-$1,100,000

Oswego-New 16 $164,900-$689,900

Closed-20 $175,000-$575,000

Plainfield-New 28 $225,000-$895,000

Closed-39 $240,000-$605,000

St Charles/Campton Hills-

New 27 $250,000-$2,299,900

Closed-33 $205,000-$1,405,000

Sycamore-New 6 $159,900-$650,000

Closed-12 $161,000-$440,000

Wet Chicago-New 11 $250,000-$699,900

Closed-5 $160,000-$680,000

Yorkville-New 6 $269,900-$899,900

Closed-16 $235,000-$1,258,000

Median list price this week was the same as last week $375,000

Median closed price this week was $375,000, and last week it was $390,000

Contracts accepted this week

Contracts accepted this week were higher. 345 this week compared to 314 the week before. Buyers are not slowing down. We are still seeing multiple offers. If you are thinking about selling now is the time to call us, and get it on the market.

Look at the communities sellers accepted the most contracts:

Aurora-47 Bolingbrook-31

Geneva-15 Naperville-57

Oswego-24 Plainfield-45

St Charles/Campton Hills-24 Sycamore-11

West Chicago-12

No contracts were accepted on any short sales this week. Prices have gone up enough, for a lot of them, to sell without having to go the short sale route.

Sellers have accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 3 with 24 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 and 5 with 48 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 1088 1228 1289

June 611 638 659

Totals 4802 5144 6397

Closed is the most important column to look at. These are actual numbers.

Some get contracts accepted, and then go back on the market.

New listings can also go back on as a new listing.

May is the best month so far for closed listings.

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

Contact us

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

If you are thinking about selling your home request a home valuation. Give us a little information about recent updates that have been completed. We will 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.

Thinking about buying this year? You need to get pre-approved with a loan officer. Get them all your financial documents so they can put you through underwriting. You need to take this extra step because you will most likely be up against multiple offers.

Resources:

If you need recommendations for real estate attorney, home inspector or loan officers we can give you a few to contact.

2021 real estate market update week 23. 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

2021 Real Estate Market Update Week 22

Posted on June 5, 2021June 5, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 22

2021 real estate market update week 22. New listings of single family homes were up. 314 this week compared to 291 the week before. We will take any increase no matter how small.

Closed listings of single family homes were down. 321 this week compared to 385 the week before. This is the difference between the end of the month and the beginning. Most buyers want to close at the end of the month to bring less money to closing.

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

Aurora-New 41 $105,000-$689,900

Closed-39 $127,000-$511,983

Bolingbrook-New 23 $235,000-$797,777

Closed-10 $295,000-$435,000

Geneva-New 15 $265,000-$748,995

Closed-14 $237,500-$750,000

Montgomery-New 5 $240,000-$329,900

Closed-12 $165,000-$320,000

Naperville-New 66 $324,900-$1,795,000

Closed-76 $260,000-$1,419,900

Oswego-New 19 $229,500-$599,000

Closed-22 $257,000-$740,000

Plainfield-New 51 $219,900-$849,000

Closed-53 $180,000-$540,000

St Charles/Campton HIlls-

New 26 $189,000-$1,895,000

Closed-25 $255,000-$900,000

Wet Chicago-New 7 $220,000-$649,900

Closed-11 $180,000-$770,000

Median listing price this week is $375,000, and last week it was $355,000.

Median closed price this week is $390,000, and last week it was $355,000

Contracts accepted this week

Contracts accepted this week are down. 314 this week compared to 337 the week before. They are not down by too much to be concerned about any changes.

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

Aurora-53 Batavia-11

Bolingbrook-21 Geneva-19

Montgomery-12 Naperville-53

North Aurora-12 Plainfield-42

St Charles/Campton Hills-15 West Chicago-15

1 short sales was accepted by a seller this week. It was in Elburn. Now it will get 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, and also 3 with 48 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 48 hours, and also 2 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 1088 1228 1289

June 314 321 314

Totals 4505 4827 6052

Closed is the column to always pay the most attention too. These are actual numbers. Some homes can go back on the market and then get another contract.

May looks to be the best month so far for closings. It makes sense that March was the best month for contracts accepted. You can see the difference though in how many of those closed.

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.

What are you waiting for? Let’s get your home on the market! Request a home valuation so we can show you what is is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with. This will be updated once an offer comes in and we know all the terms so you can make a good decision.

If you are wanting to buy a home this year you need to find a loan officer that will get you pre approved, not just prequalified. YOu need to provide them with your tax returns and all financial information. Today the market is too competitive. You have to take the extra step and get pre approved subject to finding the home.

Resources:

It is wonderful to be a seller right now. Frustrating to be a buyer.

We an make recommendations for real estate attorney, home inspector and loan officers. You can choose who you want to work with.

Let us know what questions you have.

All data came from MRED LLC.

2021 real estate market update week 22. 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

2021 Real Estate Market Update Week 21

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

2021 Real Estate Market Update Week 21

2021 real estate market update week 21. New listings of single family homes are up. 291 this week compared to 267 the week before. We are heading in the right direction. The need is greater though.

Closed listings of single family homes are up. 385 this week compare to 299 the week before. It is the end of the month when you expect the numbers to be higher.

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

Aurora-New 43 $130,000-$589,900

Closed-54 $80,000-$484,000

Batavia-New 8 $274,900-$425,000

Closed-14 $145,000-$799,000

Bolingbrook-New 18 $220,000-$525,000

Closed-23 $161,500-$497,000

Geneva-New 13 $229,000-$799,000

Closed-14 $200,000-$970,000

Montgomery-New 11 $157,000-$950,000

Closed-8 $212,000-$330,000

Naperville-New 52 $269,000-$1,500,000

Closed-80 $280,000-$1,095,000

Oswego-New 10 $269,000-$450,000

Closed-26 $245,000-$539,900

Plainfield-New 34 $219,000-$609,900

Closed-56 $180,000-$651.500

St Charles/Campton Hills-

New 16 $207,900-$749,999

Closed-24 $265,000-$700,000

Sycamore-New 12 $139,900-$479,900

Closed-8 $165,000-$745,000

West Chicago-New 11 $239,000-$550,000

Closed-14 $170,000-$656,000

Yorkville-New 4 $305,000-$349,900

Closed-10 $215,000-$724,900

Median list price of single family homes this week $355,000 last week $369,054

Median closed price of single family homes this week $355,000 last week $358,000

Contracts accepted this week

Contracts accepted on single family homes this week were up. 337 this week compared to 322 the week before. Now to get them past home inspection, attorney review and the appraisal comes back at the right price.

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

Aurora-58 Bolingbrook-18

Geneva-17 Montgomery-12

Naperville-61 North Aurora-12

Plainfield-43 St Charles/Campton Hills-42

Sycamore-15 West Chicago-11

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

Sellers accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 12 with 48 hours and 2 with 24 hours.

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

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

Totals 4191 4506 5738

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

Totals 5558 3598 5180

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

Totals 6880 3572 5362

You can see 2021 has had the most closed with the least new listings. Buyers are ready, but sellers are not. This is why we are having multiple offer situations. It is a great time for sellers to sell! If you are waiting for the right time to sell the time is now.

Contact us

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

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

If you are thinking about buying a home this year you need to plan way in advance. Get in touch with a loan officer that will take the next step and get you pre approved subject to finding the home. You have to be ready to go in this market when you are up against so many other buyers submitting offers on the same home. You need to look like the best offer.

Resources:

This market is very competitive for buyers. You need to go look the day a home hits the market, and be ready to submit an offer right away. If you blink it will be gone.

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

Connect with us on Facebook, Linkedin and twitter. On Facebook you can click on the shop button to search for a home there.

All data came from our MLS MRED LLC.

2021 Real estate market update week 21. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

2021 Real Estate Market Update Week 20

Posted on May 22, 2021May 22, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 20

2021 real estate market update week 20. New listings of single family homes are down. 267 this week compared to 294 the week before. This is making it even harder for buyers. Right now they are competing with multiple offer situations. This increases their competition.

Closed listings of single family homes are up. 299 this week compared to 266 the week before. We are getting closer to 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 34 $109,000-$739,900

Closed-37 $131,500-$593,000

Batavia-New 8 $346,000-$519,000

Closed-12 $146,000-$650,000

Bolingbrook-New 12 $209,900-$545,000

Closed-17 $185,000-$502,350

Geneva-New 14 $239,500-$749,000

Closed-13 $240,000-$907,000

Montgomery-New 10 $169,900-$329,000

Closed-7 $199,000-$325,000

Naperville-New 63 $324,900-$1,350,000

Closed-58 $300,000-$1,450,000

Oswego-New 7 $310,000-$500,000

Closed-20 $215,000-$500,000

Plainfield-New 31 $234,000-$758,400

Closed-36 $250,000-$610,000

St Charles/Campton Hills-

New 28 $189,900-$1,995,000

Closed-32 $180,000-$1,075,000

West Chicago-New 8 $250,000-$699,999

Closed-11 $190,000-$515,000

Yorkville-New 8 $257,500-$1,150,000

Closed-14 $205,000-$685,000

Median list price this week $369,054 compared to last week $375,000

Median closed price this week $358,000 compared to last week $360,000

Contracts accepted this week

Contracts accepted this week were up. 322 this week compared to 290 the week before. Right now it almost makes you feel like you won the lottery when you get your offer accepted with all the competition that is out there.

Look at the communities that sellers accepted the most contracts:

Aurora-59 Bolingbrook-23

Geneva-17 Montgomery-11

Naperville-52 Oswego-17

Plainfield-33 Plano-12

St Charles/ Campton Hills-20 Sycamore-10

West Chicago-14

1 short sale was accepted this week on a single family home. It was in Naperville. 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. 6 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and also 1 with 48 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 797 843 952

Totals 3900 4121 5401

Closed is actual numbers. New and contracts accepted can not be relied on. Some new listings can be listed as new again. Contracts accepted, if they do not make it past the home inspection and attorney review, can go back on the market and get another contract.

So far March has been the best month this year for closed homes.

Check back with us every Saturday for the market update. Next week we will compare to 2020 and 2019. We do that at the end of every month so you can 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.

This is the best time to sell if you are thinking about it anytime in the near future. Prices are increasing with the continued low inventory of homes for sale.

Request a home valuation to see what your home is worth in today’s market. I think you will be be very pleasantly surprised. Tell us about your home and what you have updated recently. We will provide you with a net proceeds that shows you the expenses to sell. It will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home this year? Plan way in advance. You are up against a lot of competition. You might need to put offers on a few homes before you get your offer accepted You need to work with a lender that will pre approve you subject to finding the home. It will take more than just a phone call. You will need to submit all your financial information so make sure you have all that together.

Resources:

We can make recommendations for loan officers, real estate attorneys and home inspectors that you can choose from if you don’t know someone already.

2021 real estate market update week 20. Have a great week!

Kristine Heiman-Designate 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 19

Posted on May 15, 2021May 15, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 19

2021 real estate market update week 19. New listings of single family homes were up. 294 this week compared to 236 the week before. We want to see increases every week. It will take a lot more than this to satisfy the amount of buyers that are out there looking. Prices will continue to rise until enough housing in all price ranges comes on the market or gets built.

Closed listings of single family homes were down. 266 this week compared to 278 the week before. They will rise as we get closer to 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 37 $124,900-$679,900

Closed-38 $30,000-$640,000

Bolingbrook-New 15 $200,000-$425,000

Closed-19 $208,000-$502,350

Geneva-New 15 $299,900-$1,799,000

Closed-17 $267,900-$789.000

Montgomery-New 8 $185,000-$369,900

Closed-11 $218.000-$370,000

Naperville-New 57 $275,000-$6,990,000

Closed-52 $280,000-$1,350,000

Oswego-New 18 $229,000-$884,900

Closed-14 $197,000-540,000

Plainfield-New 37 $205,000-$1,076,400

Closed-31 $255,000-$610,000

St Charles/Campton Hills-

New 26 $249,900-$1,850,000

Closed-24 $207,000-$1,155,000

West Chicago-New 16 $189,900-$850,000

Closed-7 $255,000-$605,000

Winfield-New 10 $327,000-$899,900

Closed-5 $295,000-$735,000

Yorkville-New 2 $180,000-$615,000

Closed-11 $264,900-$500,000

Median list price this week is $375,000, and last week it was $350,000

Median Closed price this week is $360,000, and last week it is was also $360,000

Contracts accepted this week

Contracts of single family homes were down. 290 this wee compared to 340 the week before. This does not mean less buyers out there. Last week the new listings were also down so buyers had less to look at.

Look at the communities sellers accepted the most contracts:

Aurora-51 Batavia-10

Bolingbrook-19 Geneva-11

Naperville-50 Oswego-10

Plainfield-39 St Charles/Campton Hills-19

Yorkville-15

No short sales were accepted by sellers this week.

Sellers 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 2 with 24 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 48 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 530 544 630

Totals 3633 3822 5079

Closed column is the most important column. These are actual numbers. New and contracts accepted can be added more than once if a home gets listed more than once. Sometimes a contract will get accepted and it will not make it past the home inspection and attorney review so it get relisted and then gets another contract at a later time.

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 can see how we are doing this year.

Contact us

Call us at 630-503-655 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 because there is not enough homes on the market. National Association of REALTORS® has said we are at a 50 year low for housing. We need more of all types of housing. Request a home valuation and tell us a little bit about your home. Let us know what updates you have completed recently. We will provide you with a net proceeds so you can see the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying this year? Contact a loan officer with all your financial information and let them know to get you pre-approved. The market is moving so fast right now just getting prequalified is not enough. There is multiple offers on most homes and you want to show the seller that you are pre-approved.

Resources:

If you need recommendations for a loan officer, real estate attorney or a home inspector just let us know. We can recommend a few of each so you have a choice.

2021 real estate market update week 19. 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