2021 market update week 9

Posted on March 6, 2021March 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 9

2021 market update week 9. Here in the Fox Valley new listings of single family homes are up. 190 this week compared to 152 the week before. The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market. We are very excited about that. There just is not enough homes for buyers to look at and this is helping. We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher. 213 this week compared to 208 the week before. Some closing that should of closed at the end of the month spill over to the beginning of the next month. Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

We are still closing on more homes than are coming on the market. It continues to be a seller’s market. Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

Closed-20 $263,000-$519,000

St Charles/Campton Hills-

New-12 $200,000-$995,000

Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher. 260 this week compared to 257 the week before.

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

Aurora-34 Bolingbrook-14

Geneva-10 Naperville-50

Oswego-16 Plainfield-26

St Charles/Campton Hills-14 Yorkville-14

No short sales accepted by seller’s this week. That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-put clause of 72 hours, 10 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 and 1 with 48 hours.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 190 213 260

Totals 1294 1466 1867

Check back with us every Saturday for the 2021 market update. At the end of each month we take a look back at 2020 and 2019 to see how things are going this year compared to those years.

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.

Thinking about selling this year? Buyers have not stopped looking. There is not enough homes on the market. It is a great time to sell! Request a home valuation and give us some details about any improvements you have made and some of your homes features. We will let you know what it is worth in today’s market. Also, 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.

If you are wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin. Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call. They will provide you with a letter that shows what type of loan and price that works out best for you. We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

Don’t go it alone
How much can you afford
Understanding the cost
Requirements for Septic System owner
Buying a condominium
Special Service Area
Getting it Sold
Radon
Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction. If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9. 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 market update week 5

Posted on February 6, 2021February 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 5

2021 market update week 5. Slightly more listings of single family homes added this week. 128 this week compared to 120 the week before. Buyer’s are looking for so much more to hit the market. Especially more in each price range. Multiple offers are here until we see a big jump in homes coming on the market.

Closed listings of single family homes was slightly down. 146 this week compared to 159 the week before. The decrease from the end of January to the beginning of February was not that great. They should slightly increase from here to the end of the month.

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

Aurora-New 19 $130,000-$424,900

Closed-24 $125,000-$392,500

Bolingbrook-New 7 $225,000-$494,000

Closed-11 $166,000-$364,000

Naperville-New 25 $299,000-$1,850,000

Closed-29 $250,000-$1,250,000

Plainfield-New 18 $225,000-$474,633

Closed-19 $210,000-$612,500

St Charles/Campton Hills-

New 8 $285,000-$1,500,000

Closed-12 $255,000-$630,000

Contracts accepted this week

Contracts accepted on single family homes this week was slightly higher. 251 this week compared to 246 the week before. These numbers would be so much higher if there were more homes on the market. It does not seem to matter what time of year it is like most years. Buyer’s have been looking and waiting for so long that they will grab a home when they can get it. It makes it kind of hard when you are working around a lease.

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

Aurora-26 Bolingbrook-18

Geneva-15 Naperville-41

Oswego-18 Plainfield-33

St Charles/Campton Hills-26 Yorkville-15

4 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, Montgomery and Warrenville. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 5 with 48 hours.

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

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 128 146 251

Totals 671 795 1080

Check back with us every Saturday for the 2021 market update. At the end of each month I will show you the previous 2 years so you will have something to compare too so you can see how the market is doing.

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.

Homes are selling like hotcakes! If you have been thinking about making a move, now is the time to sell. Get rid of all the unnecessary things you have been holding on to. Do a deep clean and put a fresh coat of paint in each room. Check for any repairs that need to be tended to now. Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you and 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.

Are you thinking about buying a home this year? Get in touch with a loan officer to get prequalified. You will need 2 years of tax returns, pay stubs, bank statements, car payment and credit card information. If you have any other monthly payments you will need to have them too. They will provide you with a letter showing the price and type if loan that will work out best for you. When you find a home this will go with an offer to show the seller that you qualify for their home.

Resources to check out:

Let me know what other information you are looking for and we will point you in the right direction. We will also give you a few recommendations for loan officers, real estate attorneys and home inspectors if you don’t have someone already.

I am here to guide you through the process.

2021 market update week 5. 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

Market update Fox Valley week 52

Posted on December 26, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 52

Market update Fox Valley week 52. The market slowed way down this week with the holiday. Only 62 new listings of single family homes this week compared to 100 the week before.

Closed listing were also down. 163 single family homes this week compared to 242 the week before. Next week we should see a big jump because it is the last week of the month and year.

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

Aurora-New 6 $155,000-$280,000

Closed-22 $139,000-$417,500

Bolingbrook-New 2 $249,900-$284,900

Closed-11 $165,000-$420,000

Naperville-New 20 $375,000-$1,475,000

Closed-26 $240,000-$2,900,000

Plainfield-New 4 $239,900-$405,000

Closed-30 $225,000-$728,000

St Charles/ Campton Hills-

New 4 $289,900-$629,900

Closed-15 $75,000-$568,000

Contracts accepted this week

We add in the contracts accepted into the market update Fox Valley to let you see how many buyers are out there ready to write an offer that gets accepted. In normal weeks when this starts to change you know the market is changing either for the better or not so good.

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

Aurora-10 Bolingbrook-11

Naperville-15 Plainfield-14

3 short sales were accepted by sellers this week. 1 in Montgomery and 2 in Plano. Now they 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 and 1 with 48 hours.

Also, sellers accepted contract 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.

There is still confidence in the market that these will go through.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 440 793 663

Totals 12270 11691 14026

Closed is the most important column. These are actual numbers. September was the best month so far this year for closed single family homes.

New listings sometimes are relisted as a new listing when they are not.

Contracts accepted can sometimes not make it through the home inspection and attorney review period for many different reasons. So both of those columns are not actual numbers.

Next week will be the last week of the year. We will compare this year with 2019 and 2018 so you can see how this year compares to those 2 years.

We had no idea in February how this year would go. Buyers were out there wanting a bigger home for a home office and space for e-learning and a bigger yard. Inventory has remained low so prices have gone up.

Contact us

Call 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.

Thinking about selling your home? Request a home valuation so we can update the value on your home. We will provide a net proceeds that shows an estimate of expenses to sell so you know where you are at. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home in the new year? You will need to get a couple of years tax returns, pay stubs, bank statements, credit card information, car payment information and any other payments you make monthly together and contact a loan officer to get prequalified. They will give you a letter that shows the type of loan and the price that will work out best for you. This will go with an offer when you find the home you like.

Check out some great resources that might help you:

Let us know if there is any other information that you are looking for. We would be happy to point you in the right direction.

Market update Fox Valley week 52. Happy Holidays! 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

Market update Fox Valley week 49

Posted on December 5, 2020December 12, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 49

Market update Fox Valley week 49. New listings of single family homes are up 42.86%. 130 this week compared to 91 the week before that was Thanksgiving week. Holidays can make a big difference.

Closed listings of single family homes were up 52.33%. 294 this week compared to 193 the week before. When you have a holiday at the end of the month some of the closings get pushed back to beginning of the next month. It is hard to get them all in in 3 days.

We are heading into the final weeks of the year. Most of the sales now will most likely close in the new year unless it is a cash sale.

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

Aurora-New 18 $129,900-$459,000

Closed-43 $120,000-$449,000

Bolingbrook-New 16 $209,900-$450,990

Closed-21 $164,000-$560,000

Geneva-New 3 $410,000-$958,900

Closed-12 $337,000-$815,000

Montgomery-New 3 $270,000-$335,000

Closed-11 $186,000-$351,000

Naperville-New 27 $288,050-$1,298,700

Closed-48 $270,000-$1,950,000

Oswego-New 6 $199,900-$389,900

Closed-11 $190,000-$429,365

Plainfield-New 10 $185,873-$999,800

Closed-27 $231,500-$389,000

St Charles/Campton Hills-

New 11 $250,000-$824,900

Closed-28 $186,000-$1,400,000

West Chicago-New 6 $214,900-$339,900

Closed-12 $162,000-$550,000

Yorkville-New 9 $235,000-$429,900

Closed-15 $193,000-$359,000

Contracts accepted this week

Contracts accepted this week were down 5.08%. 187 this week compared to 197 the week before. Not too bad when the week before we were way down in new listings. Not a lot of choices for the amount of buyers that are out there. We are still seeing multiple offers.

You need to have a good strategy in place right now if you are a buyer. You need to be ready to go look and not hesitate to write an offer.

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

Aurora-28 Bolingbrook-17

Naperville-23 Plainfield-31

St Charles/Campton Hills-17

2 short sales were accepted this week by sellers. 1 each in Aurora and Batavia. Now they 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. 5 with a kick-out clause of 72 hours, 2 with 48 hours and also 2 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.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 130 294 187

Totals 11960 11192 13550

The closed column is the most important one. These numbers show you what actually happened. New listings and contracts accepted columns are inflated with homes that could of been relisted as new or received a contract and did not go through and then received another contract.

September so far is the best month for closed homes. Usually it drops off a little after school starts but not this year. It is still a sellers market. There are more buyers than homes for sale. This has caused prices to rise. Interest rates are still fantastic!

Some people don’t realize how good the market is right now. They think because of the pandemic the market is not moving but it sure is.

Contact us

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

Thinking about selling your home? Request a home valuation and we will let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea of what you have to work with. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home? Your first step is to get a couple of years tax returns, pay stubs, bank statements and any other thing that you pay monthly like credit cards or car payments together. Call a loan officer to get prequalified. They will provide you with a letter showing the type of loan and the price that will work out best for you. When you find a home we will need to send this with an offer to show sellers that you qualify.

Check out some great resources:

If you need any other information let us know and we will point you in the right direction. Do you need recommendations for real estate attorneys, home inspectors or information on radon? Let us know and we will provide you with people that we have worked with before or we can send you pamphlets on the information that you are looking for.

Market update Fox Valley week 49. 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

Market update Fox Valley week 48

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

Market update Fox Valley week 48

Market update Fox Valley week 48. New listings of single family homes are down 39.34%. 91 this week compared to 150 the week before. It is a holiday week so that makes it tough. This week we should bounce back.

Closed listings of single family homes were also down 37.34%. 193 this week compared to 308 the week before. When a holiday is at the end of the month closings either get moved up or pushed back.

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

Aurora-New 14 $114,900-$449,995

Closed-27 $60,000-$663,000

Bolingbrook-New 5 $209,900-$345,000

Closed-16 $140,000-$359,000

Naperville-New 12 $384,900-$1,325,000

Closed-25 $330,000-$760,000

Oswego-New 3 $234,000-$435,000

Closed-13 $252,000-$575,000

Plainfield-New 14 $185,000-$849,900

Closed-18 $208,000-$790,000

St Charles/Campton Hills-

New 9 $224,900-$899,000

Closed-19 $138,000-$775,000

Yorkville-New 2 $359,990-$369,000

Closed-12 $239,900-$495,000

Contracts accepted this week

Contracts accepted on single family homes are down by 13.22%. 197 this week compared to 227 the week before. That is not too bad for a holiday week!

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

Aurora 29 Bolingbrook-22

Naperville-35 Plainfield-23

St Charles/Campton Hills-17

Only 1 short sale was accepted this week by a seller. 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. 3 with a kick-out clause of 72 hours, 4 with 48 hours and 1 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, 5 with 48 hours and 1 with 24 hours.

2020 by the month and a look back at 2019 and 2018

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

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

September 1164 765 869

October 1041 738 776

November 897 946 839

Totals 14633 9612 11350

2018

January 808 489 606

February 1040 444 856

March 1549 907 1564

April 1515 836 1278

May 1645 995 1280

June 1828 1720 1474

July 1318 994 1061

August 1294 1032 989

September 1479 1093 1078

October 1042 712 748

November 729 739 653

Totals 14247 9961 11587

Closed is the most important column to look at. These are actual numbers and 2020 is doing the best so far comparing to 2019 and 2018.

New listings for 2020 is way behind 2019 and 2018 but these numbers are not accurate. Some of these have been relisted as new even though they have been on the market. New construction has helped buyers that are looking and just can’t find anything. Homeowners don’t realize how many buyers are out there looking. They think because of the pandemic that housing isn’t moving. We are still getting multiple offers on homes. Inventory of homes for sale has been severely low for a few years causing pricing to really go up this year but interest rates are fantastic.

Contracts accepted numbers are also not accurate. Some of these contracts do not make it through the home inspection and attorney review period. They go back on the market and then get another contract. Buyers in this market know they have to be ready to write a contract or they will lose out on a home.

Check back with us every Saturday for the market update Fox Valley. At the end of each month we will compare to 2019 and 2018.

Contact us

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

Buyers are looking for a home that is ready to move into. If you are thinking about selling make sure you pack everything away. Fresh paint does wonders. Make sure your home is sparkling clean or they will just move onto the next home. Request a home valuation so we can show you what it is worth in today’s market. I will provide you with a net proceeds that shows you an estimate of the expenses of selling a home. This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home? Get a couple of years tax returns, pay stubs, bank statements and any monthly loans or credit cards you have together. Contact a loan officer and get prequalified. They will provide you with a letter showing the type of loan and what price would work out best for you. This will go with an offer when you find a home so you can show the owner that you do qualify to buy their home. Need a recommendation? Let us know and I will provide you with a few that we have successfully worked with and you can decide who you want to work with.

Check out some great resources:

Let us know if there is any other information you are looking for. We will be happy to point you in the right direction.

Market update Fox Valley week 48. I hope you enjoyed a great Thanksgiving. Have a great week!

Market update Fox Valley week 47

Posted on November 21, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 47

Market update Fox Valley week 47. New listings of single family homes were about the same. 150 this week compared to 152 the week before. This is typical for this time of year before the holidays but this year the amount of buyers out there ready to buy is not getting satisfied. Multiple offers are a common thing right now. Buyers are using escalation clauses, waiving home inspections and trying to be creative to win.

Closings on single family homes this week were up 54.77%. 308 this week compared to 199 the week before. Next week is going to be a short week with the Thanksgiving holiday so that is why there is such an increase.

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

Aurora-New 17 $139,900-$385,000

Closed-41 $70,070-$510,000

Batavia-New 5 $297,500-$489,500

Closed-15 $174,000-$855,000

Bolingbrook-New 10 $169,900-$344,900

Closed-20 $155,000-$507,670

Geneva-New 8 $255,000-$792,000

Closed-19 $235,000-$625,000

Minooka-New 3 $275,000-$288,150

Closed-14 $124,000-$650,000

Montgomery-New 5 $189,900-$289,900

Closed-13 $141,277-$295,000

Naperville-New 26 $299,900-$1,400,000

Closed-44 $270,000-$1,775,000

Oswego-New 12 $299,900-$529,900

Closed-20 $248,000-$525,000

Plainfield-New 19 $184,000-$749,000

Closed-34 $182,500-$565,000

St Charles/Campton Hills-

New-10 $237,900-$889,900

Closed-16 $225,500-$548,000

Yorkville-New 2 $199,000-$299,390

Closed-16 $235,000-$849,000

Most of these communities consistently see higher activity. Is that what you are looking for or a smaller more stable community?

Contracts accepted this week

Contracts accepted this week on single family homes were down 5.02%. 227 this week compared to 239 the week before. With only 152 new listings added last week this turned out better than expected.

Look at the communities sellers accepted the most contracts:

Aurora-33 Bolingbrook-17

Geneva-10 Naperville-34

Plainfield-30 St Charles/Campton Hills-15

West Chicago-12 Yorkville-11

2 short sales were accepted this week. 1 each in Bolingbrook and North Aurora. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts that are contingent on the buyers closing on their current home. 6 with a kick-out clause of 72 hours and 7 with 48 hours.

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

Sellers still have confidence in the market to accept these contingencies. It has been a crazy year but the market has been good!

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 476 792 699

Totals 11739 10705 13363

The closed column is the most important one to look at. These are actual numbers. New and contracts accepted might not be because of listings relisted as new even though they are not. Contracts can get accepted and not make it through the home inspection and attorney review period and go back on the market and then come up as contract accepted again.

Check back with us next week and we will also look back at 2019 and 2018. I do that at the end of each month so you can see how the market is doing compared to those other 2 years.

Contact us

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

Thinking about selling your home? Request a home valuation and we will show you what it is work in today’s market. I 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.

Are you thinking about buying a home? Get your tax returns for 2 years, check stubs, bank statements and anything you pay monthly together and call a loan officer to get prequalified. They will tell you the price range and what type of loan will work out best for your situation. If you need recommendations I would be happy to give you a few names and numbers to contact and you can choose who you want to work with. They will give you a letter showing what you qualify for and that will go with an offer when you find a home. If it is older than 30 days it will need to be updated.

Check out some great resources:

If you are looking for other types of information let me know I would be happy to tell you where to look. Some of the links provided also give you other information that you might be interested in.

Market update Fox Valley week 47. 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

Market update Fox Valley week 38

Posted on September 19, 2020September 19, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 38

Market update Fox Valley week 38. New listings of single family homes were up 7.55%. 228 this week compared to 212 the week before. Slight increase we are thankful for but it is still not enough. Extremely low inventory continues.

Closings were also up by 37.5%. 297 this week compared to 216 the week before. They should increase as we head to the end of the month.

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

Aurora-New 31 $139,900-$1,699,000

Closed-30 $85,000-$780,000

Batavia-New 8 $202,500-$525,000

Closed-11 $264,900-$1,010,000

Bolingbrook-New 14 $164,900-$419,999

Closed-19 $112,000-$479,500

Geneva-New 11 $274,900-$654,900

Closed-10 $299,900-$662,500

Montgomery-New 8 $170,00-$399,000

Closed-13 $145,000-$267,000

Naperville-New 40 $249,000-$2,250,000

Closed-65 $275,000-$1,405,000

Oswego-New 19 $205,000-$1,500,000

Closed-15 $230,000-$545,000

Plainfield-New 15 $204,900-$504,900

Closed-41 $215,000-$482,670

St Charles/Campton Hills-

New 18 $300,000-$2,495,000

Closed-27 $250,000-$1,127,000

West Chicago-New 10 $234,900-$649,900

Closed-10 $130,000-$398,700

Contracts accepted this week

Contracts accepted this week on single family homes were up 15.41%. 307 this week compared to 266 the week before. 34.65% more single family homes taken off the market with contracts than new listings coming on the market. It is time for you to get your home on the market if you want to sell this year.

Look at the communities that sellers accepted the most contracts:

Aurora-44 Batavia-10

Bolingbrook-13 Geneva-17

Naperville-47 Oswego-18

Plainfield-46 St Charles/Campton Hills-22

Yorkville-16

Sellers accepted contracts that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 5 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

These sellers still feel confident in the market that these buyers will get through their contingencies and close.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 695 870 907

Totals 9939 8164 10909

Closed is the most important column to look at. This is what actually happened. New listings can be relisted so they might be counted twice. The same for contracts accepted. Some of them do not make it past the home inspection and attorney review. They go back on the market and then get another contract. They might also be counted twice. Sometimes even more.

July is the best month so far. This is not typical. July is usually a slow month when most people are on vacation. The pandemic stalled the market in April and then started back up strong in May. So many people I have talked to that have not been paying attention to what is going on in the real estate market are surprised to hear how well the market is doing during this time.

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.

It is not too late to get your home on the market. You can still get moved before the holidays. Request a home valuation so you know the value of your home in today’s market. I think you will be happily surprised. We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with. This will be updated when an offer comes in and we know all the terms so you can make a decision.

If you are thinking about buying a home 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. They will provide you with a letter that will go with an offer when you find a home. You need to get this updated if it is older than 30 days.

Check out some great resources:

Market update Fox Valley week 38. 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

Market update Fox Valley week 36

Posted on September 5, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 36

Market update Fox Valley week 36. New listings of single family homes are up this week. 255 this week compared to 241 the week before. Great news! Any increase is very welcome.

Closed listings of single family homes were also up this week. 357 this week compared to 325 the week before. Some of these were on the 31st of August and we are including them in this first week of September. Most buyers do not want to close in the beginning of the month because they need to bring a whole month of interest along with other closing costs to the closing. Some of these closings are getting pushed to the next week because of the loan not processing in time. There is a lot of activity along with a lot of homeowners refinancing because the rates are so fantastic right now.

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

Aurora-New 24 $115,000-$465,000

Closed-46 $105,000-$480,000

Batavia-New 12 $210,000-$609,900

Closed-9 $212,000-$638,449

Bolingbrook-New 14 $174,900-$475,000

Closed-23 $185,000-$410,000

Geneva-New 11 $250,000-$675,000

Closed-16 $238,000-$1,350,000

Montgomery-New 3 $225,000-$239,000

Closed-15 $177,000-$325,000

Naperville-New 55 $270,000-$1,975,000

Closed-60 $270,000-$1,000,000

North Aurora-New 4 $194,000-$369,000

Closed-12 $236,000-$445,500

Oswego-New 11 $215,000-$345,900

Closed-13 $185,000-$380,000

Plainfield-New 32 $230,000-$648,731

Closed-40 $150,000-$581,000

St Charles/Campton Hills-

New 23 $185,000-$1,250,000

Closed-36 $142,500-$1,057,000

Sycamore-New 5 $119,000-$535,000

Closed-10 $95,707-$485,000

West Chicago-New 5 $197,000-$278,000

Closed-18 $135,000-$535,000

Yorkville-New 14 $89,900-$465,000

Closed-9 $150,000-$365,000

Are you looking for a community that consistently has high turnover or maybe a smaller community that there is rarely a home available.

Contracts accepted this week

Contracts accepted this week were slightly lower. 334 this week compared to 345 the week before. There were more contracts accepted this week than new listings. We continue to have low inventory. This is a fantastic time to sell with little competition.

Look at the communities that sellers accepted the most contracts:

Aurora-50 Bolingbrook-25

Geneva-16 Montgomery-10

Naperville-53 Oswego-20

Plainfield-47 St Charles/Campton Hills-22

Sycamore-14 Yorkville-10

4 short sales were accepted this week by sellers. 1 each in Naperville, Plano, West Chicago & Yorkville. Now they 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. 10 with a kick-out of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 8 with a kick-out of 72 hours and 5 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 255 357 334

Totals 9499 7651 10336

July is the best month so far this year. You need to mainly focus on the Closed column. New listings can be misleading. Sometimes the same listing comes up as new after a period of time if it does not sell right away. Contracts accepted do not always close. Sometimes they do not make it past the home inspection and attorney review period so they might go back on the market and then get another contract. We can check on that for you.

Contact us

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

Thinking about selling your home? Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you will know where you are at and what you have to work with. This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home? You will need to talk to a loan officer first to get pre-qualified so you know what type of loan and what price range will work out best for you. Seller’s want to know that we are showing their home to someone that qualifies for their home.

Check out some great resources:

Whether you want to buy your first home, down size or buy something larger to accommodate your needs we will guide you through the process. If you need recommendations for loan officers, real estate attorneys or home inspector we will give you a few names and phone numbers to contact to see who you would like to work with.

Market update Fox Valley week 36. 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

Market update Fox Valley week 34

Posted on August 22, 2020August 22, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 34

Market update Fox Valley week 34. New listings were slightly lower this week. 253 new single family homes this week compared to 264 the week before. See if any of the communities above have new listings that are in your price range. Sometimes when you have a hard time finding what you need in your preferred community it pays to just take a look at another community.

Closed listings this week were also slightly lower than the week before. 332 this week compared to 340 the week before. Usually they 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 28 $129,900-$650,000

Closed-38 $68,500-$850,000

Batavia-New 5 $300,000-$620,000

Closed-14 $165,000-$388,000

Bolingbrook-New 11 $160,000-$699,900

Closed-29 $133,741-$490,000

Geneva-New 8 $361,000-$685,000

Closed-18 $278,600-$630,000

Montgomery-New 10 $189,900-$344,900

Closed-13 $103,000-$290,000

Naperville-New 56 $280,000-$7,250,000

Closed-$239,900-$1,100,000

Oswego-New 15 $214,900-$500,900

Closed-18 $180,000-$635,926

Plainfield-New 31 $220,000-$850,000

Closed-47 $205,000-$1,000,000

St Charles/Campton Hills-

New 27 $150,000-$1,325,000

Closed-27 $207,000-$1,050,000

Sycamore-New 5 $179,000-$394,000

Closed-10 $85,000-$335,000

Yorkville-New 11 $237,500-$550,000

Closed-10 $239,900-$450,000

Contracts accepted this week

Aurora-66 Bolingbrook-17

Geneva-13 Naperville-66

North Aurora-11 Oswego-10

Plainfield-38 Plano-11

St Charles/Campton Hills-34 West Chicago-11

Yorkville-18

No short sale accepted contracts this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 14 with a kick-out clause of 72 hours, 16 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 72 hours and 8 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 796 1010 1091

Totals 9003 6969 9657

Check back next Saturday and I will compare to 2019 and 2018 so you can see how the market looks this year compared to the other 2 years.

Solds are the most important figures to look at. Those are actual numbers. New listings can be canceled and relisted. Contracts accepted might not actually close. Some of them don’t make it past the home inspection and attorney review or the buyers loan does not go through. That is why there is such a big difference in the totals. Some of them get accepted, canceled and relisted and contract accepted again.

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.

It is still a great time to sell. Inventory continues to remain extremely low. There is not a lot of competition right now. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you and estimate of 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 need to call a loan officer to get pre-qualified. They will provide you with a letter showing what you qualify for and what type of loan. We will need to submit this with an offer when you find a home.

Check out some great resources:

Let us know if you are looking for any other information. We can point you in the right direction.

Market update Fox Valley week 34. 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

Market update Fox Valley week 27

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

Market update Fox Valley week 27

Market update Fox Valley week 27. New listings of single family homes was 5.76% lower this week. 278 last week compared to 295 the

week before. Hope people are waiting until after the holiday to put their home on the market. Inventory continues to remain extremely low.

Closed listings were 48.39% higher. 368 last week compared to 248 the week before. Monday and Tuesday were the last 2 days of the month of June. A lot of them might of closed in those 2 days. Most buyers want to close at the end of the month.

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

Aurora-New 36 $141,000-$415,980

Closed-40 $90,000-$525,000

Batavia-New 4 $195,000-$394,900

Closed-15 $284,400-$712,590

Bolingbrook-New 17 $189,900-$879,000

Closed-21 $163,500-$399,000

Elburn-New 3 $179,000-$354,000

Closed-11 $225,000-$380,000

Geneva-New 14 $274,900-$649,900

Closed-17 $250,000-$875,000

Montgomery-New 11 $180,000-$299,750

Closed-12 $187,000-$300,000

Naperville-New 66 $259,900-$1,975,000

Closed-61 $269,000-$1,825,000

North Aurora-New 5 $189,000-$525,000

Closed-10 $187,000-$395,000

Oswego-New 16 $219,000-$2,200,000

Closed-22 $225,000-$456,000

Plainfield-New 35 $124,900-$729,675

Closed-50 $165,000-$485,000

St Charles/Campton Hills-

New 20 $299,900-$1,000,000

Closed-26 $166,500-$1,232,628

Sycamore-New 3 $242,500-$549,900

Closed-10 $181,500-$425,000

West Chicago-New 10 $160,000-$499,000

Closed-10 $200,000-$620,000

Yorkville-New 10 $224,900-$460,000

Closed-12 $223,500-$462,500

Contracts accepted this week

Contracts accepted this week were very consistent with the week before. 390 this last week compared to 383 the week before. A difference of 7. That is consistent! Your home could be next. We need to get it on the market.

Look at the communities that sellers accepted the most contracts:

Aurora-52 Batavia-15

Bolingbrook-20 Geneva-19

Montgomery-11 Naperville-69

Oswego-20 Plainfield-56

St Charles/Campton Hills-29 Sycamore-10

West Chicago-12 Yorkville-19

2 short sales were accepted by sellers this week. 1 each in Warrenville and Yorkville. Now they 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. 14 with a kick-out clause of 72 hours, 20 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 72 hours, 6 with 48 hours and 1 with 24 hours.

Market update 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

April 648 786 775

May 1,352 1,010 1,444

June 1,232 908 1,534

July 278 368 390

Totals 7,068 4,874 7,104

Check back with us every Saturday. The end of the month we will compare this year to 2019 and 2018 so you can see how things are going.

Contact us

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

Thinking about selling this year? Now is the best time. Buyers are waiting for homes to come on the market to see. Inventory is extremely low. Let us update the value of your home for today’s market. We will provide you with a net proceeds that shows you the expenses to sell and an estimate of what you will walk away with. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to contact a loan officer to get pre-qualified. If you need recommendations let us know. They will let you know what type of loan and the price range that will work out best for you. Provide you with a letter that needs to go with an offer when you find the right home.

Check out some great resources:

Market update Fox Valley week 27. Have a great week. Happy 4th of July! Have fun and stay safe and healthy.

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