Fox Valley Market Update July 13 2019

Posted on July 13, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 13 2019

Fox Valley market update July 13 2019. Thing are picking back up again since the holiday. 407 new listings of single family homes this week compared to 287 the week before. What a difference a week makes! July is usually a slow month with everyone going on vacation. It is a good time to go on vacation right after you list your home. Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone. Wouldn’t that be nice!

2019 listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-694 so far

9,576 Total

Closed homes this week were slightly up. 266 this week compared to 236 the week before. They should increase and we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-523 so far

5,744 Total

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

Aurora-New 47 $88,000-$599,900 Closed-40 $76,000-$461,500

Batavia-New 10 $239,000-$799,900 Closed-8 $214,000-$365,000

Bolingbrook-New 23 $139,900-$669,900 Closed-31 $160,000-$434,500

Geneva-New 13 $275,000-$574,900 Closed-8 $385,000-$702,000

Naperville-New 98 $299,900-$2,499,000 Closed-48 $273,000-$1,295,000

Oswego-New 20 $229,900-$450,000 Closed-25 $150,000-$837,500

Plainfield-New 46 $165,000-$1,200,000 Closed-22 $216,000-$475,000

St Charles/Campton Hills-New 35 $159,000-$849,900 Closed-21 $199,500-$768,000

Sugar Grove-New 11 $242,500-$435,000 Closed-5 $275,000-$355,000

Sycamore-New 14 $109,900-$459,000 Closed-4 $115,000-$292,400

West Chicago-New 10 $240,000-$589,900 Closed-8 $204,900-$557,000

Yorkville-New 17 $215,000-$549,900 Closed-7 $225,000-$390,000

Contracts accepted this week

Contracts accepted this week were down. 252 this week compared to 295 the week before. This should pick up with all the new listings that came on the market this week.

Look at the contracts accepted for 2019 by the month so far:

January-608
February-832
March-1,375
April-1,307
May-1,665
July-547 so far

7,552 Total

Take a look at the communities seller’s accepted the most contracts this week:

Aurora-40 Bolingbrook-25 Montgomery-10

Napervilee-33 Oswego-15 Plainfield-27

St Charles/Campton Hills-22 Yorkville-10

Short sales were slightly up this week. 4 this week compared to 2 the week before. This continues to be good news! This week there were 2 in Aurora and 1 each in Naperville and Winfield.

Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

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

Contact us

Call us with your real estate questions at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. We are keeping an eye on the market. Our goal is to negotiate price and terms that are best whether buying or selling a home.

We will tell you what you need to do to get your home market ready. Explain the process. Provide you with a net proceeds that shows you the expenses to sell.

If you are thinking about purchasing you will need to get pre-qualified with a loan officer. It matters who you use. If you need recommendations of loan officers we will recommend a few so you can decide who to use. We will guide you through the process.

Resources to check out:

Fox Valley market update July 13, 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out a different way to search for a home. Sign up for free! It has a chat feature that you can reach us to let us know you want to see something or have a question. If you click on the satellite view you can see how a home sits on the property. Does it have a back yard. Is it on a corner lot. What else is for sale in the neighborhood and the prices. How far away is shopping and entertainment. Let us know what you think!

Fox Valley Market Update June 29 2019

Posted on June 29, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 29 2019

Fox Valley market update June 29 2019. New listings were significantly down this week. 365 new listings of single family homes this week compared to 444 the week before. Not good for buyers that are wanting to find something and get in before school starts again.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2.004
June-1,643

8,882 total

May so far is the month with the most new listings. The weather has contributed to the delay in sellers getting their homes on the market. We went from extreme cold temperatures to nothing but rain.

Closed homes were up this week. 330 single family homes closed this week compared to 303 the week before. It is the end of the month so that is to be expected.

Closed listings of single family homes 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253

5,221 Total

So far May is the best month for closings of single family homes. We should see a higher number in July though.

Now take a look at the communities with the most activity this week:

Aurora-New 46 $89,900-$544,900 Closed-45 $135,000-$455,000

Batavia-New 12 $260,000-$899,900 Closed-10 $200,000-$626,495

Bolingbrook-New 31 $155,000-$450,000 Closed-27 $148,050-$395,000

Geneva-New 16 $264,900-$729.900 Closed-8 $252,000-$750,000

Montgomery-New 9 $164,800-$297,400 Closed-11 $174,900-$297,500

Naperville-New 83 $259,000-$4,000,000 Closed-64 $250,000-$1,400,000

North Aurora-New 13 $260,000-$422,380 Closed-11 $183,000-$440,000

Oswego-New 17 $192,500-$625,000 Closed-14 $185,000-$385,000

Plainfield-New 37 $159,900-$549,000 Closed-36 $146,000-$550,000

St Charles/Campton Hills-New 35 $229,000-$2,385,000 Closed-30 $242,000-$1,100,000

West Chicago-New 6 $309,500-$510,000 Closed-12 $95,000-$347,500

Yorkville-New 15 $199,900-$614,900 Closed-10 $138,500-$390,000

Contracts accepted this week

Contracts accepted this week were slightly lower than last week. 272 contracts accepted this week of single family homes compared to 293 the week before.

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

Aurora-28 Bolingbrook-20 Naperville-50

Oswego-11 Plainfield-39 St Charles/Campton Hills-26

Sugar Grove-10 Yorkville-11

Short sales accepted this week of single family homes were the same as last week. 5 both weeks. 1 each in Aurora, Elburn, Montgomery, Naperville and Sheridan.

Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 14 with 48 hours and 1 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer selling and closing on their current home before purchasing. 2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

Accepted contracts in 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218

7005 Total

May is the best month so far for new listings, closings and contracts accepted this year. Keep in mind that contracts that are accepted don’t always close. Sometimes they are reactivated because of a home inspection issue, financing does not go through or attorney review and inspection issues can not come to an agreement.

Contact us

Call us to answer all of your real estate questions at 630-503-6555. Jeffery Szymczak, Broker ext 104, Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether buying or selling a home.

Resources to check out:

Fox Valley market update June 29 2019. Have a great week! Have a safe and happy 4th of July!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Try a different way to search and let us know what you think. You can click on the satellite view and see how the home sits on the property and see what else if for sale in the neighborhood.

Fox Valley Market Update June 1 2019

Posted on June 1, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 1 2019

Fox Valley market update June 1 2019. New listings of single family homes were down this week. 359 this week compared to 402 the week before. Holidays do have an impact. It was a shorter week with Memorial Day on Monday this last week. Most schools are now out so things will 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-2,004

Closings this week of single family homes were up this week. 296 this week compared to 236 the week before. End of the month is when most buyer’s want to close.

Closings of single family homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,095

May has turned out to be the best month so far for new listings and the amount of closings in the Fox Valley. We are looking forward to starting a new month!

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

Aurora-New 38 $130,000-$925,900 Closed-38 $78,000-$420,000

Batavia-New 18 $215,000-$599,000 Closed-8 $249,900-$630,000

Bolingbrook-New 25 $175,000-$529,000 Closed-16 $161,000-$586,000

Geneva-New 14 $299,000-$949,900 Closed-10 $181,000-$2,100,000

Montgomery-New 14 $179,900-$325,000 Closed-20 $141,000-$303,000

Naperville-New 77 $310,000-$999,000 Closed-50 $241,000-$2,374,029

Oswego-New 15 $192,000-$944,000 Closed-15 $100,000-$940,001

Plainfield-New 40 $194,999-$620,000 Closed-30 $148,000-$425,000

St Charles/Campton Hills-New 32 $185,000-$1,095,000 Closed-23 $180,000-$774,000

West Chicago-New 11 $209,900-$699,900 Closed-10 $179,900-$420,000

Yorkville-New 13 $223,000-$549,900 Closed-12 $156,000-$485,000

Contracts accepted this week

Contracts accepted of single family homes this week were down. 285 this week compared to 333 the week before. Now that the holiday is over things should get back to normal.

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665

The end of June and into July should have a good number of closings. May is the best month so far for activity in the Fox Valley.

Take a look at the communities that seller’s accepted the most contracts:

Aurora-39 Bolingbrook-23 Montgomery-15 Naperville-50

Oswego-23 Plainfield-37 St Charles/Campton Hills-25

Accepted contracts on short sales of single family homes was also down. 2 this week compared to 4 the week before. There was 1 each in Montgomery and Naperville.

Contracts were accepted on homes that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.

Seller’s also accepted contracts on homes that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak, Broker ext 104 , Bobby Burson, Broker ext 105 or Kristine Heiman, Managing Broker ext 101. Our goal is to negotiate price and terms that are best.

Now that school is out it is a great time to get your home on the market. Hopefully we are coming to the end of all the rain we have been having so you can get your yard and flower beds in shape to welcome buyers.

Resources to check out:

Fox Valley market update June 1 2019. Have a great week! Let us know what questions you have.

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Try a different way of searching. Click on the satellite view so you can see if the home has a yard, is on a corner lot or any other homes for sale there and how much.

Market Update Fox Valley-March 16 2019

Posted on March 16, 2019March 16, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 16 2019

Market update Fox Valley-March 16 2019. Spring market is picking up steam. 350 new listings of homes this week compared to 327 last week. You can see the difference when you look at it by the month.

January-878
February-1,032
March so far-1,021

We still have 2 more weeks to go in March and we are almost to February numbers this week.

Closed homes this week were also up this week. 166 this week compared to 131 last week. January and February started out pretty slow but we are picking up now.

January-407
February-465
March so far-540

We have already passed up the totals for the first two months of the year and we are not finished with March yet.

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

Aurora-New 35 $90,000-$724,900 Closed-28 $70,000-$386,000

Bolingbrook-New 23 $169,900-$586,000 Closed-15 $118,000-$375,000

Geneva-New 12 $193,000-$2,450,000 Closed-5 $260,000-$371,500

Montgomery-New 18 $169,900-$309,990 Closed-9 $125,000-$288,619

Naperville-New 86 $319,900-2,490,000 Closed-22 $252,500-$1,155,000

Oswego-New 19 $149,900-$598,000 Closed-7 $215,786-$342,500

Plainfield-New 34 $124,900-$598,000 Closed-25 $170,000-$425,000

St Charles/Campton Hills-New 35 $219,000-$3,999,999 Closed-12 $141,000-$498,800

West Chicago-New 16 $179,000-$639,000 Closed-3 $130,000-$393,000

Yorkville-New 11 $177,000-$1,299,900 Closed-5 $215,000-$380,000

Contracts Accepted this Week

Contracts accepted were up slightly this week. 283 this week compared to 267 last week. More new listings coming on the market will increase these numbers as this month moves along. Take a look at the totals for each month so far.

January-608
February-832
March so far-774

We are not done with March yet so we will exceed the totals for the months so far.

Take a look at the communities that Sellers have accepted the most contracts this week:

Aurora-37 Bolingbrook-17 Geneva-18 Naperville-47

Oswego-15 Plainfield-37 St Charles/Campton Hills-17 Sycamore-12

West Chicago-11 Yorkville-11

Short sales this week were similar to the week before. 9 this week compared to 8 last week. 4 were in Naperville this week, 2 in Aurora and 1 each in Bolingbrook, Plano and Yorkville.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 9 with a kick-out clause of 72 hours, 6 with 24 hours and 4 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still has to sell their current home and close before purchasing. 3 with a kick-out clause of 72 hours and 4 with 48 hours.

Contact us

Give us a call at 630-503-6555 with all of your real estate questions. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker. Our goal is to negotiate price and terms that are best whether you are selling or buying a home.

If you are thinking about selling this year now is the time to get it on the market. Spring market is the best time to sell. We can update the value of your home in the current market. 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? Your first step is to contact a loan officer and find out what price range and type of loan will workout best for you. They will provide you with a letter that we need to put with an offer to show the Seller that you qualify for their home.

Check out some resources:

Market update Fox Valley-March 16 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

New search tool here. You can see where a home is located within a block or subdivision. A birds eye view.