Fox Valley home prices August 12th

Posted on August 12, 2023August 12, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices August 12th

Fox Valley home prices August 12th. It looks like a roller coaster with temps for the next couple of weeks. Highs range from 70-88 during the day and lows from 53-72 at night. Possible rain on Monday.

New listings are pretty consistent. 179 this week compared to 185 the previous week.

Closed listings are down. 176 this week compared to 211 the previous week.

Aurora-New 28 $187,500-$575,000

Closed-22 $127,500-$955,000

Bolingbrook-New 14 $255,000-$525,000

Closed-12 $233,000-$910,000

Naperville-New 38 $299,000-$2,999,995

Closed-29 $270,000-$1,700,000

Plainfield-New 18 $324,900-$845,000

Closed-25 $245,000-$1,117,561

St Charles-New 9 $275,000-$659,000

Closed-22 $150,000-$1,317,000

Yorkville-New 12 $275,000-$519,990

Closed-12 $305,000-$915,000

These are the communities with the most activity this week. Click on the photo above to see the price ranges of other communities that also had activity.

Financing used, median prices, and 2,000 SF or more

Median list price this week is the same as last week $449,900.

Closed listings this week $449,945, last week $442,000.

First week of this year for week ending January 7th median list price was $399,900 and median closed price was $368,000. What a difference!

Stats 081223 — Stats for week ending August 12th

Conventional financing was used to close on 136 homes this week at median price $449,995 with 29 days average market time, last week 152 homes at median price $460,000 with 27 days average market time.

Conv 081223 — Conventional financing used to close for week ending August 12th

Cash was used to close on 25 homes this week at median price $500,000 with 15 days average market time, last week 34 homes at median price $414,000 with 22 days average market time.

Cash 081223 — Cash used to close for week ending August 12th

FHA financing was used to close on 8 homes this week at median price $367,500 with 39 days average market time, last week 18 homes at median price $368,950 with 9 days average market time.

FHA 081223 — FHA financing used to close for week ending August 12th

VA financing was used to close on 7 homes this week at median price $419,900 with 49 days average market time, last week 6 homes at median price $347, 500 with 43 days average market time.

VA 081223 — VA financing used to close for week ending August 12th

2,000 square feet or more closed on 116 homes this week at median price $532,500 with 31 days average market time, last week 145 homes at median price $515,000 with 27 days average market time. Minimum price this week $233,000, last week $245,000.

2000 SF or more 081223 — 2,000 SF or more closed for week ending August 12th

Under contract this week

Homes under contract this week are consistent. 186 this week compared to 194 the previous week.

Aurora-35 Naperville-28

Plainfield-24 St Charles-13

Yorkville-11

1 short sale was accepted by a seller this week. It was in Aurora. 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. 1 with a kick-out clause of 72 hours, 1 with 48 hours, and 4 with 24 hours.

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

Median price of homes under contract this week $419,900 with 36 days average market time, last week $389,900 with 30 days average market time.

Under contract 081223 — Under contract median price for week ending August 12th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

June 1030 1059 926

July 765 745 805

August 364 387 380

Totals 5272 4821 5667

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2022 and 2021 so you have something to compare to.

Resources

Click on everything that is bold and underlined to take you to the site for the information. If you are looking for other information not here let us know. We will point you in the right direction.

If you are wanting to know what your home is worth in today’s market request a home valuation and we will also provide you with a net proceeds that shows you and estimate of expenses to sell. Many factors go into this so we will update you when an offer comes in and we know all the terms agreed to.

You can sign-up for email alerts if you want to be informed when a listing comes up with the criteria you are looking for. You can also keep track of your neighborhood prices.

Search for a home anytime you like.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices August 12th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices November 19th

Posted on November 19, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 19th

Fox Valley home prices November 19th. We have had snow flurries the last few days here in the Fox Valley area of Illinois. Nothing that sticks though. Today should be the coldest day and then temperatures will go up and should be 52° by Thanksgiving Day.

We will highlight the communities with the most activity for new and closed prices, financing used, median prices, contracts accepted this week, and 2022 by the month.

New listings this week were pretty consistent. 126 this week compared to 122 the previous week.

Closed listings were up. 176 this week compared to 117 the previous week.

Aurora-New 19 $167,500-$589,000

Closed-25 $125,000-$530,000

Bolingbrook-New 9 $249,900-$550,000

Closed-16 $210,000-$816,929

Geneva-New 3 $310,000-$355,000

Closed-13 $270,000-$740,000

Naperville-New 25 $317,999-$1,699,900

Closed-23 $301,000-$981,000

Plainfield-New 17 $214,900-$646,549

Closed-25 $200,000-$1,232,271

St Charles-New 7 $225,000-$525,000

Closed-11 $370,000-$965,000

Take a look at the photo above for activity in other communities this week.

Financing used, median prices, and 2,000 SF or more

Median list price this week $392,449, last week $375,000

Closed median price this week $401,500, last week $358,000

Stats 111922 — Stats for week ending November 19th

Conventional financing was used to close 128 homes at median price $415,750 with 40 days average market time, last week 76 homes at median price $375,806 with 40 days average market time.

Conv 111922 — Conventional financing used to close for week ending November 19th

Cash was used to close on 26 homes this week at median price $415,500 with 28 days average market time, last week 17 homes at median price $345,000 with 97 days average market time.

Cash 111922 — Cash used to close for week ending November 19th

FHA financing was used to close 16 homes this week at median price $296,250 with 29 days average market time, last week 18 homes at median price $305,955 with 41 das average market time.

FHA 111922 — FHA financing used to close for week ending November 19th

VA financing was used to close on 6 homes this week at median price $359,949 with 27 days average market time, last week 3 homes at median price $385,000 with 5 days average market time.

VA 111922 — VA financing used to close for week ending November 19th

2,000 square feet or more closed on 108 homes this week at median price $484,750 with 38 days average market time, last week 66 homes at median price $459,995 with 48 days average market time. Minimum price this week for a 2,000 SF or more was $280,000, last week $235,000.

2000 SF or more 111922 — 2,000 SF or more closed for week ending November 19th

Conventional financing continues to be the financing most seller’s are looking for and buyer’s are using.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 389 475 380

Totals 9035 9070 9305

New listings are getting lower and they are selling. If you need to sell it is still a good time.

Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on everything that is bold and underlined. It will take you to the site for the information. We try to share the information that you might be looking for. If there is other information that is not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things. They will explain it to you.

Now is a good time to check into down payment assistance and IHDA programs.

Connect with us onFacebook you can also search for a home there by clicking on “shop now.”

All data provided today is from our Multiple listing service, MRED, LLC. It changes continuously throughout the day as agents upload their information of new listings, price changes, contract accepted or back on the market.

Contact us

Call us at 630-503-6555. Your goal is our goal.

Fox Valley home prices November 19th. Have a Happy Thanksgiving!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices June 4

Posted on June 5, 2022June 5, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices June 4

Fox Valley Home Prices April 23

Fox Valley home prices June 4. I am a day late getting this posted. All the information was downloaded yesterday though. It has been busy.

New listings of single family homes were up. 279 this week compared to 243 the previous week.

Closed listings were also up. 306 this week compared to 252 the previous week.

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

Aurora-New 43 $179,900-$700,000

Closed-39 $157,500-$622,000

Batavia-New 12 $199,000-$676,108

Closed-10 $244,600-$580,000

Bolingbrook-New 16 $259,900-$495,900

Closed-15 $237,500-$759,000

Geneva-New 12 $229,000-$921,500

Closed-12 $288,000-$1,081,521

Naperville-New 54 $300,000-$1,895,000

Closed-67 $290,000-$1,600,000

Oswego-New 11 $264,000-$2,399,000

Closed-25 $245,000-$631,000

Plainfield-New 32 $220,000-$1,550,000

Closed-39 $205,000-$680,000

St Charles-New 25 $235,000-$1,000,000

Closed-19 $210,000-$751,000

West Chicago-New 11 $250,000-$1,500,000

Closed-8 $293,000-$665,000

Yorkville-New 12 $320,000-$520,000

Closed-7 $270,000-$550,000

Financing most used, median prices, and 2,000 SF or more

Median price this week $400,000, last week $399,999.

Closed median price this week $410,000, last week also $410,000

Stats 060422 — Stats for week ending June 4

Conventional financing was used to close on 251 homes this week at a median price $430,000 with 12 days average market time, last week 194 homes at median price of $427,550 with 30 days average market time.

Conv 060422 — Conventional financing use to close for week ending June 4

Cash was used to close on 18 homes this week at a median price of $391,250 with 13 days average market time, last week 17 homes at a median price of $328,000 with 12 days average market time.

Cash 060422 — Cash used to close for week ending June 4

FHA financing was used to close on 19 homes this week at a median price of $310,000 with 24 days average market time, last week 17 homes at median price of $328,000 with 12 days average market time.

FHA 060422 — FHA financing used to close for week ending June 4

VA financing used to close on 15 homes at a median price of $383,000 with 51 days average market time, last week 6 homes at median price of $390,000 with 6 days average market time.

VA 060422 — VA financing used to close for week ending June 4

Buyer’s looking for homes that are at least 2,000 square feet or more closed on 193 homes at a median price of $480,000 with 16 days average market time, last week 157 homes at a median price of $500,000 with 29 days average market time. The minimum price for a home that was at least 2,000 square feet or more was $155,000, last week $255,000.

2000 SF or more 060422 — Homes that are at least 2,000 SF or more for week ending June 4

Contracts accepted this week

Contracts accepted this week were down. 218 this week compared to 275 the previous week.

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

Aurora-41 Bolingbrook-14

Naperville-42 Plainfield-28

St Charles-14 Yorkville-10

No short sales went under contract this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 48 hours and 1 that we don’t know the time frame.

The median price of homes under contract this week is $399,450 with 20 days average market time, last week the median price was $399,900 with 17 days average market time.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 279 306 218

Totals 4227 4081 4595

More new listings than closed is a good sign that things are changing slightly. Prices are still increasing and inventory is low, but we hope June continues to increase the amount of listings of homes for sale.

Check back with us every Saturday for the real estate market update. We are late this week but try not to be. At the end of each month we will take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Everything that is bold and underlined you can click on and it will take you to the site for the information. If there is other information you are looking for not here please let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score. If you need to bring up your score they can help you with that.

Request a home valuation if you are thinking about selling your home. Give is a little information about your home and what has been updated. Let us know the best way to get in touch with you and we will give you an estimate of what it is worth in today’s market. You will also get an estimate of expenses to sell. This will be updated when an offer comes in and we know all the details.

If you are wanting to buy a home you need to get in touch with a loan officer and get them all your financial information and have them put you through underwriting so you are approved for a loan. It is not enough to just get pre-approved right now. You will be up against multiple offers so you want to be in the best position to win.

You can sign-up for email alerts so you don’t miss out on anything coming on the 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.

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

All data provided is from our MLS. MRED, LLC.

Fox Valley home prices June 4. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices May 21

Posted on May 21, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 21

Fox Valley home prices May 21. We will take a look at what happened in the Fox Valley over the week. New listings, Closed, median prices, financing most used, homes that went under contract, resources, and 2022 by the month. No fluff. Just the data that we hope will help you get to know the Fox Valley real estate market.

New listings were consistent. 307 this week compared to 296 the previous week.

Closed listings were up. 218 this week compared to 182 the previous week.

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

Aurora-New 51 $165,900-$849,000

Closed-33 $130,000-$875,000

Bolingbrook-New 31 $159,900-$731,096

Closed-13 $220,000-$855,000

Geneva-New 14 $250,000-$1,100,000

Closed-7 $310,000-$560,000

Montgomery-New 10 $224,900-$369,900

Closed-6 $310,000-$385,000

Naperville-New 62 $319,000-$2,750,000

Closed-36 $355,000-$1,549,000

Oswego-New 9 $309,900-$1,250,000

Closed-14 $322,000-$475,000

Plainfield-New 41 $220,000-$1,299,900

Closed-29 $294,900-$682,500

St Charles-New 28 $279,900-$1,500,000

Closed-13 $175,000-$890,000

West Chicago-New 11 $199,900-$1,575,000

Closed-7 $225,000-$570,000

Yorkville-New 5 $254,500-$850,000

Closed-11 $212,000-$575,000

If the communities you are looking at do not have the price range you are looking for, you might need to expand where you are looking.

We just highlighted the communities with the most activity. Look at the picture above to see other communities that had lower activity.

Financing most used, median prices and 2,000 SF or more

Median list price this week $425,000, last week $415,000

Closed median price this week $405,000, last week $395,000

Stats 052122 — Median list and closed price for week ending May 21

Conventional financing was used to close 153 homes this week with a median price of $435,000 and 13 days average market time., last week 124 at median price of $425,000 and 23 days average market time.

Conv 052122 — Conventional financing used to close for week ending May 21

Cash was used to close on 36 homes this week with a median price of $405,000 and 15 days average market time, last week 24 homes at a median price of $402,500 and 17 days average market time.

Cash 052122 — Cash used to close for week ending May 21

FHA financing was used to close on 18 homes with a median price of $335,000 and 21 days average market time, last week 25 homes at median price of $300,000 and 18 days average market time.

FHA 052122 — FHA financing used to close for week ending May 21

VA financing was used to close on 10 homes this week with a median price of $407,500 and 7 days average market time, last week 8 homes at median price of $346,600 and 66 days average market time.

VA 052122 — VA financing used to close for week ending May 21

Homes that were at least 2,000 square feet or more closed on 152 homes at a median price of $466,000 and 14 days average market time, last week 11 homes at median price of $470,000 and 22 days average market time. Minimum price for homes that are at least 2,000 square feet or more closed at $237,000, last week $192,000.

2000 SF or more 052122 — Home that were 2,000 SF or more closed for week ending May 21

Contracts accepted this week

Contracts accepted this week are up. 278 this week compared to 259 the previous week.

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

Aurora-43 Bolingbrook-22

Geneva-10 Naperville-52

Oswego-16 Plainfield-35

St Charles-22

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

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

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

The median price of homes that went under contract this week $392,500 and 18 days average market time, last week median price was $399,900 and 22 days average market time.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 858 641 531

Totals 3705 3523 4102

Check back with us every Saturday for the real estate market update. Next week will be the last full week of the month so we will also compare to 2021 and 2020 so you can see how this year is going.

Resources

Click on everything underlined to go to the site for more information. If there is any information that you are looking for that is not listed let us know and we will point you in the right direction.

Talk to your loan officer to see what interest rate they will be offering you. I depends on your credit score. If you need to improve your score talk to them and they will tell you what to do.

As you can see above, the most common loan type seller’s are looking for right now is a Conventional loan. It helps to get familiar with the different types of loans.

Take the extra step and get all your financial information to a loan officer and have them put you through underwriting so you know how much you are approved for before looking at homes. It will put you in a better position if you are up against other offers. I think they should of been doing this all along. It is hard to wait until a week before closing to find out you are approved. Sometimes there is last minute things that come up and so late in the game are hard to resolve so your closing date gets moved.

Request a home valuation if you are thinking about selling. Tell us a little bit about your home and what has been recently updated. We will let you know an estimate of what it might sell for and show 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.

You can sign-up for email alerts. Choose the area and criteria you are looking for and you will receive an email when something comes up.

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.

All data provided is from our MLS. MRED, LLC. It is constantly updated throughout the day.

Fox Valley home prices May 21. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices November 27 2021

Posted on November 27, 2021November 28, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021. New listings of single family homes are drastically down. 82 this week compared to 153 the previous week.

Closed listings of single family homes are also down. 158 this week compared to 260 the previous week.

It was a short week with the Thanksgiving holiday. Last year with the pandemic no one could get together, and this year with vaccinations more people could get together with family and friends.

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

Aurora-New 14 $145,999-$515,000

Closed-16 $86,500-$423,600

Bolingbrook-New 6 $299,900-$450,000

Closed-18 $220,000-$520,000

Naperville-New 10 $329,000-$735,000

Closed-28 $221,000-$1,240,000

Plainfield-New 9 $199,900-$539,705

Closed-18 $255,000-$542,149

St Charles-New 4 $285,000-$879,000

Closed-11 $300,000-$2,295,000

You can click on the image above to look at activity in other communities. You might find something that fits your needs.

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

Median list price this week $359,450, last week $359,000.

Closed median price this week $359,950, last week $367,944.

Stats November 27 2021 — Stats this week

Conventional financing closed this week with 110 at median price of $373,250, last week 185 at median price of $390,990.

Cash closed this week with a median price 23 at $315,000, last week 26 at $286,945.

Conventional and Cash November 27 2021 — Conventional and Cash

FHA Closed this week 18 at median price of $288,500, last week 36 at $286,945.

VA closed this week 6 at median price $438,500, last week 11 at $374,900.

FHA and VA November 27 2021 — FHA and VA

2,000 or more square feet closed this week 89 at median price $450,000, last week 158 at $435,000. Minimum price this week $260,000, last week $255,000. This gives you an idea of pricing if you are wanting to increase square feet either more bedrooms, room for an office or extra space here in the Fox Valley.

2000 or more SF November 27 2021 — 2,000 or more Square Feet

Contracts accepted this week

Contracts accepted this week on single family homes was down. 191 this week compared to 235 the previous week. That is not too bad with this short holiday week.

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

Aurora-26 Bolingbrook-18

Montgomery-15 Naperville-29

Plainfield-20 St Charles-11

3 short sales were accepted by seller’s this week. 2 in Oswego and 1 in Minooka. Now they will get submitted to the lender to see fi they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

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

October 715 973 930

November 557 854 931

Totals 10223 11875 12901

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

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

Totals 11830 10898 13363

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

July 1423 1008 1090

August 1585 1330 1196

September1164 765 869

October 1041 738 776

November 897 946 839

Totals 14633 9612 11350

This year had the best sold homes with the least amount of new listings. That is the column that is most important. June was the best month over all this year.

Most years it is the Spring months that see the most new listings. The economist’s keep saying we will see more of the same next year. We will have to wait and see if the Infrastructure bill that was past has an effect on the new listings. There might be more movement where the projects are. Some states have shovel-ready projects.

You can see how the new listings decreased every year since 2019. That is the reason for the price increases. Until we see enough homes on the market to satisfy buyer demand prices will continue to rise.

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 goals.

Thinking about moving anytime soon? Request a home valuation and give us some details about your home and what has recently been updated. We will provide you with a net proceeds that shows an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying, you will need to plan ahead It might take some time to find a home. You will need to get all your financial information together and get it to a loan officer so they can pre approve you. They will provide you with a letter that shows what type of financing and how much you qualify for. This will go with an offer when we find you a home and you want to make an offer.

Resources:

Check with your loan officer for the current rates they offer with your credit score. They might also offer some assistance.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 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

How many VA deals closed in week 32

Posted on August 14, 2021August 14, 2021 by Kristine Heiman, Designated Managing Broker

How many VA deals closed in week 32

How many VA deals closed in week 32? Shortly we will break it down for you what types of financing was chosen most this week. There are many veterans that live in the Fox Valley area. We do not know how many VA offers were not accepted, but we do know how many closed this week.

First we will talk about new listings for the week. New listings were down. 251 this week compared to 264 the week before. This is making a low inventory situation even worse.

Closed listings were also down. 291 this week compared to 340 the week before. This will increase as we get closer to the end of the month.

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

Aurora-New 35 $140,000-$599,900

Closed-37 $97,000-$711,711

Batavia-New 7 $235,000-$650,000

Closed-15 $185,100-$679,000

Bolingbrook-New 23 $200,000-$507,174

Closed-21 $205,000-$488,000

Geneva-New 11 $235,000-$1,295,000

Closed-19 $256,000-$1,995,000

Naperville-New 37 $299,900-$2,195,000

Closed-52 $290,000-$2,225,000

Oswego-New 8 $289,900-$544,900

Closed-11 $270,000-$522,000

Plainfield-New 41 $255,000-$899,900

Closed-37 $225,000-$790,000

St Charles-New 20 $275,000-$1,275,000

Closed-32 $253,000-$1,250,000

West Chicago-New 10 $214,000-$1,075,000

Closed-6 $253,000-$559,000

Financing, median list and closed price

Median list price this week $361,470, and last week $350,000.

Median closed price this week $375,000, and last week $365,000.

The median list and closed prices have been fluctuating up and down, but basically staying in the same range.

Conventional deals that closed this week 221, and last week 248.

Cash deals that closed this week 33, and last week 39.

How many VA deals closed in week 32-Conv and Cash 081421 — Conventional and Cash

FHA deals that closed this week 26, and last week 41.

VA deals that closed this week 9, and last week 12.

How many VA deals closed in week 32-FHA and VA 081421 — FHA and VA

Totals were down in each one. We do not know how many VA loan offers are not getting accepted, but the trend you can see is seller’s are accepting more Conventional loans then anything else. Hopefully, it is not that agents are shying away from VA loans because they think they will be hard or take longer to close. If a home is in good condition there should be no problem with getting a VA loan approved. Using a lender that is familiar with the process is very important.

Contracts accepted this week

Contracts accepted this week were up. 303 this week compared to 281 the week before.

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

Aurora-56 Batavia-10

Bolingbrook-24 Montgomery-15

Naperville-37 Oswego-13

Plainfield-41 St Charles-24

West Chicago-16 Yorkville-19

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

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

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

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 515 631 584

Totals 7274 8005 9203

We started out the year ahead with closed homes. Deals that were accepted in 2020 that closed in the beginning of the year. There is usually a gap between new and closed, but not this year.

It continues to be a seller’s market. We are still seeing multiple offers, but it is not as intense. We are starting to see price reductions on some of the higher priced homes.

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. Give us some information about what has been recently updated. We will provide you with a net proceeds that shows you the expenses to sell so you can see where you are at. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home, you will want to find a loan officer that will put you through the process to get pre approved. Getting pre-qualified just is not enough anymore when you are going to be up against multiple offers. Seller’s will be confident in accepting an offer with a pre approval before they accept an offer with a buyer that has not gone through the process.

Resources:

We can make recommendations of loan officers, real estate attorneys and home inspectors that we have successfully used in the post. You can decide who you would like to work with.

How many VA deals closed in week 32. We hope more agents will get informed about VA loans so they will be more confident in accepting a VA offer. Our veterans deserve to be able to use their benefits.

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

Market update Fox Valley March 28 2020

Posted on March 28, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley March 28 2020

Market update Fox Valley March 28 2020. New listings were down slightly over 25% this week. 192 this week compared to 257 the week before. All non-essential businesses are shut down right now. We are essential. Some people do not realize this and others want to wait until this virus passes.

Closed listings were up just over 7% this week. 204 this week compared to 190 the week before. This is the end of the month. This months closings were higher than February by about 25 %. We will keep an eye on things for the next few months to see how it goes. Check back with us each Saturday.

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

Aurora-New 20 $109,900-$650,000

Closed-26 $107,900-$465,000

Bolingbrook-New 12 $124,900-$388,247

Closed-19 $165,000-$374,000

Geneva-New 12 $289,900-$1,599,000

Closed-6 $267,000-$504,000

Naperville-New 46 $284,900-$850,000

Closed-34 $236,000-$1,180,000

Oswego-New 11 $175,000-$339,000

Closed-11 $200,000-$521,300

Plainfield-New 24 $150,000-$586,8000

Closed-30 $200,000-$469,225

St Charles/Campton Hills-

New 15 $199,900-$1,150,000

Closed-12 $248,000-$649,500

Yorkville-New 8 $110,000-$550,000

Closed-10 $209,977-$452,000

Contracts accepted this week

Contracts accepted this week were down just over 37% this week. 179 accepted this week compared to 286 the week before. This week was a week of adjustment to what is going on with the virus and how to show homes.

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

Aurora-24 Bolingbrook-14

Naperville-22 Plainfield-30

St Charles/Campton Hills-18 Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 17 with a kick-out clause of 72 hours,6 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. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

Now take a look at the previous 2 years to compare

2019

Month New Closed Contracts accepted

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

2018

Month New Closed Contracts accepted

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

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 goals.

We are getting updated frequently from the National Association of REALTORS®, Illinois REALTORS® and Fox Valley Association of REALTORS® on things we need to know going forward with this pandemic. Friday morning our Association did a Zoom meeting with lenders, title company, inspector, Government affairs to update us on loans going forward. How things are going with closings and inspections. Lots of things are changing during this time and they will keep us updated going forward with any changes.

We are classified as essential so some real estate offices are open and some working remotely but we are still working. I am working remotely.

Showings slowed down at first for a few days but now showings are happening again. Showing instructions are more important right now.

Pre-approval letters are also more important right now and need to be updated more frequently with the changing market conditions.

Check out these great resources:

Let us know what questions you have and if there is something else you are looking for we will be happy to help you. If you are looking for legal advice let us know and I would be happy to give you some names of attorneys to contact.

Market update Fox Valley March 28 2020. Have a great week! Stay safe and healthy. Wash your hands.

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

Market Update Fox Valley 1-4-2020

Posted on January 4, 2020 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley 1-4-2020

Market update Fox Valley 1-4-2020. Happy New Year to all of you! I hope everyone’s new year is off to a great start. The last couple of weeks we have had a holiday in the middle of the week so numbers have been off. 3 days of last year are on this weeks numbers. Next week will be the first full week of the year.

New listings of single family homes this week more than doubled. 138 this week compared to 58 the week before. Not only were buyers busy getting ready for Christmas the REALTORS® were busy too getting ready for the holiday the week before. That is the difference in the 2 holiday weeks.

Closed listings of single family homes this week were not too far. This week 118 listings closed compared to 106 the week before. These numbers will increase as we head to the end of the month and no more holidays to interfere with banks and title companies closed.

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

Aurora-New 15 $128,500-$430,000

Closed-13 $160,000-$290,000

Bolingbrook-New 13 $150,000-$359,000

Closed-11 $182,100-$390,000

Naperville-New 27 $319,900-$1,197,000

Closed-17 $249,500-$623,800

Oswego-New 13 $199,900-$1,099,000

Closed-7 $250,000-$368,000

Plainfield-New 15 $245,000-$400,000

Closed-14 $167,000-$425,000

St Charles/Campton Hills-New 12 $140,000-$786,009

These are the communities that are consistently with higher numbers of new listings and closed homes. Is it the schools, work, roads or what the communities have to offer?

Contracts accepted this week

Contracts accepted this week on single family homes was not too far off of the week before. 107 this week compared to 98 the week before. I am looking forward to getting back to normal next week. No more holidays for awhile.

Are you wondering why I keep track of when contracts are accepted? I like to keep track of all kinds of activity. This lets me know that there are buyers out there ready to submit offers instead of just looking. Sometimes they do not close but they are ready to go. When it gets really active buyers do not have much time to think about what they want to do. They have to make a decision faster. Right now inventory is very low so even though numbers are down you still need to make a decision or move on and wait for more homes to come on the market.

Communities that sellers accepted the most contracts this week:

Aurora-15 Naperville-19

Plainfield-14

1 short sale was accepted this week in Yorkville. Now it will be submitted to the lender to see if they will also accept it as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 1 with 48 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 and 5 with 48 hours. Sellers still feel confident they will sell and close.

2020 by the month

Month New Closed Contracts accepted

January 138 118 107

We are only 4 days into the new year. 3 of these days are from December of 2019. Last year is the first year I kept track of the months for the year so it will interesting to compare this year to last as we go along.

Activity happens year round. A lot of it has to do with the amount of inventory of homes on the market. Some months are definitely busier than others.

Now is a great time to have your home on the market so you don’t have so much competition as you do in the Spring market. Location, price and condition are the 3 factors that matter to get a home sold. If it is priced right for the location and condition it will 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.

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 to well. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home this year? You need to contact a loan officer to get pre-qualified so you know what type of loan and what price range will work out best for you. We can make some recommendations if you do not know who to call.

Check out some great resources:

Market update Fox Valley 1-4-2020. Have a awesome week and start to the New Year!

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

Sign up free for a different way to search for a home. You can change to satellite view and it also has a chat feature. Let us know what you think or if you have any questions.

11 30 19 Market Update Fox Valley

Posted on November 30, 2019November 30, 2019 by Kristine Heiman, Designated Managing Broker

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly. 100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly. 154 this week compared 224 the week before. You can’t judge the market on this holiday week. Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

Closed-21 $160,000-$512,156

St Charles/Campton Hills-

New $254,900-$675,000

Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

Closed-3 $175,000-$249,000

Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before. Hopefully we will get back to normal this week.

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

Aurora-15 Naperville-23

Plainfield-20 St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

Sellers accepted contracts that are contingent on the buyers closing on their current home. 2 with a kick -out clause of 72 hours, 4 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, 4 with 48 hours and 1 with 24 hours.

2019 by the month of activity

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

Total 14,992 10,102 11,790

Some of those new listings are homes that have been relisted. Not all listings that receive contracts close. Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved. You need a good REALTOR® and real estate attorney that can help get through some of these issues.

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 whether buying/selling your home.

Resources to check out:

Some lenders also help out with costs. You need to decide what helps out the most.

11 30 19 Market update Fox Valley. 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 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home. Click on the satellite view. It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard. It also has a chat feature. If you need help navigating let me know.

Fox Valley Market Update August 17 2019

Posted on August 17, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 17 2019

Fox Valley market update August 17 2019. New listings of single family homes was down this week. 315 new listings this week compared to 360 the week before. So many schools started back up this week for will next week. I am sure that has had an impact on housing slowing down. Once they get settled back into their routines it will probably get back to normal.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2004
June-1,643
July-1,423
August so far-1,003

Total-11,308

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

Aurora-New 41 $120,000-$795,000

Closed-38 $80,000-$427,500

Batavia-New 12 $214,900-$579,900

Closed-5 $199,550-$440,000

Bolingbrook-New 23 $142,500-$495,000

Closed-20 $160,000-$410,000

Geneva-New 9 $289,900-$674,900

Closed-12 $275,000-$830,000

Montgomery- New 6 $194,900-$299,000

Closed-11 $182,000-$285,000

Naperville-New 57 $275,000-$1,590,000

Closed-39 $307,500-$970,000

Oswego-New 15 $189,900-$359,900

Closed-12 $210,000-$346,000

Plainfield-New 40 $159,888-$1,190,000

Closed-27 $95,000-$762,000

St Charles/Campton Hills-New 24 $100,000-$1,295,000

Closed-19 $181,500-$515,500

Yorkville-New 16 $162,500-$415,000

Closed-12 $130,000-$450,000

Closed listings of single family homes were slightly up this week. 255 this week compared to 221 the week before. We are heading closer to the end of the month so this is to be expected.

Look at the closings of single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-890

Total-7,140

If August continues the same for the next 2 weeks it could end up the best month for closings for far. May has been the highest month so far for New listings closings and contracts accepted.

Contracts accepted this week

Contracts accepted this week of single family homes were down. 212 this week compared to 249 the week before. Again I think this is due to school starting or getting ready to start for some.

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

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August so far-772

Total-8,867

I think it is important to look at the months that people are making decisions to purchase. It changes a little bit each year. A lot of it has to do with inventory. Some people end up looking for months. It depends on what price range you are in. Under $200,00 it is hard to find. You have more choices above that price range.

Look at the communities that sellers accepted the most contracts on single family homes this week:

Aurora-37 Bolingbrook-15 Geneva-10

Naperville-42 Oswego-10 Plainfield-25

St Charles/Campton Hills-16

Short sales this week on single family homes were down this week. 2 this week compared to 7 the week before. that is good news. there were 1 each in Aurora and Montgomery. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted this week by seller’s that are contingent on the buyer closing on their current home before purchasing. 6 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.

Seller’s also accepted contracts on single family homes that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours and 48 hours.

Contact us

Call us with all of your real estate questions 630-503-6555. If we do not have the answer we will point you to where or who would have the answer.

We will do the best we can to find you a home that fits your needs and wants. Give us a good idea of the home that fits all of your wishes and the one that is the bare minimum.

If you are thinking about selling your home we will let you know what you need to do to get your home market ready and provide you with a net proceeds. This is an estimate of expenses so you will know where you are at. When an offer comes in we will update this so you can make a good decision.

Check out some resources:

Fox Valley market update August 17 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.com@gmail.com