Market update Fox Valley May 23 2020

Posted on May 23, 2020May 23, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley May 23 2020

Market update Fox Valley May 23 2020. New listings of single family homes this week were almost identical to the week before 281 this week compared to 280 last week. We are still short on inventory though. We need more homes for the amount of buyers out there wanting to buy.

Closed listings this week were up just under 7%. 190 this week compared to 178 the week before. We are getting close to the end of the month so they are increasing. Most buyers want to close at the end of the month so they can bring less money to closing.

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

Aurora-New 31 $98,000-$724,900

Closed-19 $151,500-$553,000

Bolingbrook-New 14 $204,900-$529,900

Closed-17 $125,400-$362,500

Montgomery-New 8 $189,000-$325,000

Closed-10 $125,000-$270,000

Naperville-New 54 $264,900-$1,200,000

Closed-32 $225,000-$800,000

Oswego-New 16 $115,000-$435,900

Closed-16 $155,000-$420,000

Plainfield-New 37 $210,000-$589,900

Closed-17 $224,000-$1,035,000

Plainfield-New 15 $125,000-$429,900

Closed-2 $84,000-$138,000

St Charles/Campton Hills-

New 25 $234,900-$825,000

Closed-18 $159,000-$1,150,000

Yorkville-New 8 $249,900-$1,249,000

Closed-10 $210,000-$345,000

Contracts accepted this week

Contracts accepted this week are up 19.85%. 320 this week compared to 267 the week before. This is a great time to sell! The pandemic slowed down the market in April but this month it is going strong. We need more listings of homes. There is not enough out there to show the demand of buyers,

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

Aurora-41 Batavia-14

Bolingbrook-23 Geneva-10

Montgomery-12 Naperville-59

Oswego-19 Plainfield-42

St Charles/Campton Hills-31 Sycamore-10

3 short sales were accepted by sellers this week. 1 each in Naperville, Plano and Sugar Grove.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 13 with a kick-out clause of 72 hours, 12 with 48 hours and 8 with 24 hours.

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

2020 by the month

MonthNew 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 1,102 798 1,124

Totals 5,308 3,386 4,860

Next Saturday I will compare to the last couple of years since we will be at the end of the month. So check back with us to see how we compare.

Contact us

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

Right now the market is hot here in the Fox Valley. It is a great time to sell. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell your home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about purchasing you will need to talk to 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 showing what you are pre-approved for. This will go with an offer when you find the home you like.

Covid-19 and buying/selling a home

Covid-19 has changed the way we do things. Things might start to open up next month but I think we will continue to do what we have been doing since the beginning of this. We discourage in person meetings and showings. Zoom video meetings is the way we go over paperwork and then we upload the documents to have you sign through docusign. Some sellers are still allowing showings but if you do not feel comfortable letting people in your home we can do virtual showings.

Home inspectors are doing the inspection alone and then giving you the report and talking to you later. You used to be able to follow along and they would show you different things like how to maintain the home. Now they will send you a report with photos and explain everything to you.

Closings the seller will meet with their attorney and sign documents ahead of time. Buyers will go to the title company to sign. Some title companies even do curbside closings where they bring the documents out to your car to sign.

Even if we go to the next phase I think we will still keep these practices in place. We follow the CDC guidelines.

Check out some great resources:

We are here to answer all your real estate questions. Check back with us every Saturday for the market update.

Market update Fox Valley May 23 2020. 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

besthomesfv@gmail.com

Market update Fox Valley April 11 2020

Posted on April 11, 2020April 11, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley April 11 2020

Market update Fox Valley April 11 2020. New listings went down a little over 13% this week in the Fox Valley. 168 new single family home listings this week compared to 194 the week before. This is not the normal direction for this time of year. These are not normal times. We will keep an eye on this and continue to report to you as time goes on.

Closed listings were also down almost 27%. This is the beginning of the month when the numbers are usually lower anyway. We will see how things go getting towards the end of the month when most buyers want to close.

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

Aurora-New 20 $65,000-$415,000

Closed-22 $95,000-$443,000

Bolingbrook-New 10 $174,900-$429,900

Closed-11 $143,000-$387,500

Geneva-New 7 $309,900-$635,000

Closed-12 $108,000-$530,000

Naperville-New 34 $239,900-$2,079,000

Closed-37 $240,000-$890,000

Plainfield-New 26 $224,900-$599,000

Closed-31 $159,000-$705,000

Plano-New 11 $144,900-$230,990

Clsoed-1 $238,655

St Charles/Campton Hills-

New-10 $175,000-$1,395,000

Closed-13 $202,000-$825,000

Yorkville-New 4 $224,500-$305,000

Closed-12 $141,000-$395,000

Contracts accepted this week

Contracts accepted this week were very consistent. 176 single family homes accepted by sellers this week compared to 172 the week before. Homes are still selling even during this pandemic.

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

Aurora-22 Bolingbrook-10

Naperville-33 Plainfield-23

St Charles/Campton Hills-18 Yorkville-11

2 short sales were accepted by sellers this week. 1 each in Naperville and Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

Also, sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 7 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 362 426 348

At the end of the month I will compare it to the last couple of years so you can see the difference.

New process during the pandemic

The Governor has ordered a “stay-at-home” during this pandemic until April 30th. We will let you know if this gets extended. We are classified as “essential services” during this time. It is not business as usual. We are not allowed to do Open Houses during this time. We are encouraging virtual showings also. Some homes are still allowing showings. It is a good time to drive by and see if the setting is something you would like and to look at photos to see if the home might fit your needs. If after a virtual showing you think this might be the one we will try to set up a physical showing.

Home inspections are now done by the inspector and they will give you a report. They will be the only ones going in.

Talk to your loan officer to see how they are having you start the loan process. They will also update you on any changes in the market.

Some title companies are still having you come to closing and others are doing curbside closings. They have the sellers sign documents ahead of time and only the buyer signs the day of closing. We are not to be there. Only the people that need to sign and attorneys are welcome.

We know that you might have a lot of questions during this time. We would be happy to do a video meeting with you to go over everything and answer your questions whether you are wanting to sell a home or buy a home. You can also call or email us. We want to communicate with you the way it works out best for you.

Contact us

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

If you are wanting to sell a home let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the expenses to sell your home. This will be updated when an offer comes in.

If you are wanting to buy a home you need to contact a loan officer to get pre-approved. They will give you a letter showing what you qualify for and the type of loan that will work out best for you. This will go with an offer when you find the right home.

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

Check our some great resources:

Market update Fox Valley April 11 2020. Happy Easter and a wonderful week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Market update Fox Valley-February 22 2020

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

Market update Fox Valley-February 22 2020

Market update Fox Valley-February 22 2020. New listings of single family homes increased just under 8% this week. 318 new listings this week compared to 295 the week before. We are headed in the right direction. Buyers it is time to get busy and closely look at the new listings that are coming up and see them right away.

Closed listings were slightly down this week. 111 this week compared to 117 the week before. One more full week left to the month and I am not sure we will get to the numbers of closings that we had in January. March will be much different. There were 858 contracts accepted in January that most of them will be closing in March so we will see these numbers go way up.

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

Aurora-New 35 $114,500-$614,900

Closed-9 $93,000-$470,000

Batavia-New 17 $207,500-$799,000

Closed-5 $225,000-$827,500

Bolingbrook-New 21 $149,900-$409,000

Closed-9 $233,500-$425,000

Geneva-New 11 $345,000-$797,900

Closed-9 $115,000-$372,000

Montgomery-New 12 $175,000-$359,020

Closed-7 $132,750-$282,500

Naperville-New 65 $300,000-$1,250,000

Closed-21 $259,900-$1,250,000

Plainfield-New 46 $159,900-$649,000

Closed-10 $222,000-$450,000

St Charles/Campton Hills-

New-22 $249,900-$1,399,000

Closed-8 $235,000-$550,000

Yorkville-New 17 $239,500-$725,000

Closed-5 $220,000-$388,000

Contracts accepted this week

Contracts accepted this week were almost 16 1/2 % up this week. 276 single family homes accepted this week compared to 237 the week before. Buyers are ready to go sellers! It is time right now to get your home on the market.

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

Aurora-31 Batavia-12

Bolingbrook-20 Geneva-14

Minooka-10 Montgomery-10

Naperville-37 Oswego-11

Plainfield-45 St Charles/Campton Hills-22

Sugar Grove-10 Yorkville-14

5 short sales were accepted this week by sellers. 2 in Bolingbrook and 1 each in Minooka, Plainfield and Sycamore. Now they will be submitted to the lender to see if they will also accept.

Sellers also accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 12 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. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 958 321 721

We have one more full week left in February. We will pass up the January totals for New listings and Contracts accepted but I am not sure about closed listings.

Contact us

Call us at 630-503-6555 ext 101. Your goal is our goal. We will do everything we can to help you reach your goal.

Now is the time to get busy getting your home market ready. Spring market is here. Let us update the value of your home in today’s market. We will provide you with a net proceeds that gives you an estimate of expenses to sell and shows you about how much you will have to invest in another home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

If you are thinking about buying a home you will 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. If you need recommendations we will provide you with a few to contact so you can decide who you would like to work with.

Check out some great resources:

Market update Fox Valley-February 22 2020. 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

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.

Market update Fox Valley February 8 2020

Posted on February 8, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley February 8 2020

Market update Fox Valley February 8 2020. New listings of single family homes are up 40.24%. 345 new listings this week compared to 246 the week before. If you are still waiting for Spring market you might miss it. It has already started! Let’s get your home on the market.

Closed listings are down 25.6% this week. 93 single family homes closed this week compare to 125 the week before. Low numbers are expected at the beginning of the month. Most buyers want to close towards the end of the month so they come to closing with the least amount of money.

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

Aurora-New 34 $114,900-$600,000

Closed-14 $109,000-$530,000

Batavia-New 12 $244,900-$579,000

Closed-2 $254,000-$282,000

Bolingbrook-New 17 $179,000-$649,999

Closed-7 $115,000-$500,000

Elburn-New 11 $264,900-$492,500

Closed-2 $324,560-$345,000

Geneva-New 18 $300,000-$599,500

Closed-2 $223,000-$418,000

Montgomery-New 10 $214,900-$317,900

Closed-0

Naperville-New 87 $249,900-$2,399,000

Closed-14 $175,000-$599,000

Oswego-New 13 $199,500-$449,900

Closed-3 $305,000-$320,415

Plainfield-New 43 $180,000-$1,190,000

Closed-13 $200,000-$512,500

St Charles-New 36 $125,000-$1,299,000

Closed-15 $169,900-$670,000

Contracts accepted this week

Contracts accepted this week were up 7.69%. 224 contracts accepted on single family homes this week compared to 208 the week before. I am expecting this to jump up next week with all the new listings that came on the market this week. Buyers have a good amount of new choices.

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

Aurora-35 Batavia-10

Bolingbrook-26 Naperville-29

Oswego-15 Plainfield-26

St Charles/Campton Hills-17

7 short sales were accepted by sellers this week on single family homes. 2 in Bolingbrook and 1 each in Aurora, Oswego, Plainfield, Warrenville and Yorkville.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 8 with 48 hours and 3 with 24 hours.

Also sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 and 4 with 48 hours. If this does not make sense to you I would be happy to explain it to you.

2020 market activity by the month

Month New Closed Contracts accepted

January 1105 566 858

February 345 93 208

Fox Valley is off to a good start so far this year. You will have to come back and check out as the year progresses.

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.

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 sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year? You will need to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you. They will give you a letter showing all this and it will go with your offer to the seller when you find a home so they know you qualify.

Check out some great resources:

If you are looking for any other information let us know and we will show you where to look. We can recommend loan officers, home inspectors and real estate attorneys for you to choose from if you do not know any of these already.

Market update Fox Valley February 8 2020. 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

besthomesfv@gmail.com

Market update Fox Valley February 1 2020

Posted on February 1, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley February 1 2020

Market update Fox Valley February 1 2020. New listings of single family homes this week were slightly down. 246 this week compared to 256 the week before. Only 10 listings off. That is not too bad.

Closed listing of single family homes was up this week. 125 this week compared to 107 the week before. Not too bad for January. The weather has been mild both in December and January. That really makes a difference. We hope the mild winter will continue.

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

Aurora-New 30 $114,500-$499,500

Closed-17 $65,000-$337,650

Batavia-New 12 $275,000-$735,000

Closed-3 $265,000-$484,000

Bolingbrook-New 11 $194,900-$449,900

Closed-7 $212,800-$425,000

Geneva-New 10 $279,000-$595,000

Closed-5 $227,000-$872,000

Montgomery-New 17 $194,500-$319,900

Closed-5 $142,999-$305,000

Naperville-New 44 $257,500-$3,300,000

Closed-16 $265,000-$730,000

Oswego-New 13 $170,000-$565,000

Closed-5 $240,000-$325,000

Plainfield-New 38 $200,000-$895,600

Closed-23 $201,000-$512,500

St Charles/Campton Hills-

New 19 $339,000-$1,999,995

Closed-7 $195,000-$550,000

Yorkville-New 7 $237,990-$500,000

Closed-11 $165,000-$424,900

Contracts accepted this week

Contracts accepted by sellers this week were very consistent with last week. 208 this week compared to 210 the week before. We love consistency! We are looking to February to continue with this trend before we really start heating up with Spring market. This really is a great time whether you are a buyer or seller to find a home or to sell one. There is not as much competition right now as there will be starting in March.

Look at the communities that sellers accepted the most contracts:

Aurora-35 Bolingbrook-18

Naperville-31 Plainfield-26

St Charles/Campton Hills-12 West Chicago-10

Yorkville-13

There were 6 short sales accepted this week on single family homes. 3 in Plainfield and 1 each in Aurora, Batavia and Bolingbrook. 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,4 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

Compare to 2019

January 858 407 608

We are ahead of last year for new, closed and contracts accepted. For New listings we are ahead almost 28.8%, Closed up 39% and Contracts accepted we are up 41%. Some people are saying we are already in Spring market. I think March we will be up even more. Check back with us and see.

Contact us

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

If you are working on your home to get it ready for market let us know so we can give you an idea of the best things you need to work on. We will update the value on your home in today’s market. Provide you with a net proceeds so you have an idea of expenses to sell. We will update this when an offer comes in so you can make a good decision.

Thinking about buying this year? You need to call a loan officer to get pre-qualified to see what type of loan and what price range will work out best for you. If you need recommendations we will be happy to provide you with a few to contact to see who you would like to work with. Get your information together and keep it in a folder so it is easy to find just in case they ask you for it again later.

Check out some great resources:

Let us know what other information you are looking for. We will point you in the right direction.

Market update Fox Valley February 1 2020. 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

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.

Market update Fox Valley January 25 2020

Posted on January 25, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley January 25 2020

Market update Fox Valley January 25 2020. New listings increased slightly this week. 256 this week compared to 247 the week before. We have had some snow but the temperatures have been fine so that is not a factor.

Closings this week were very consistent. 107 this week compared to 108 the week before. Next week is the final week of the month so we will see if this increases.

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

Aurora-New 28 $99,900-$495,000

Closed-14 $90,000-$305,000

Bolingbrook-New 14 $125,000-$429,000

Closed-9 $160,000-$423,700

Geneva-New 10 $239,900-$819,000

Closed-7 $265,000-$450,000

Montgomery-New 13 $164,900-$336,900

Closed-7 $150,000-$337,305

Naperville-New 37 $320,000-$1,000,000

Closed-21 $315,000-$725,000

Oswego-New 11 $224,900-$540,000

Closed-6 $150,000-$335,790

Plainfield-New 45 $204,900-$899,000

Closed-9 $205,000-$500,000

St Charles/Campton Hills-

New 20 $79,900-$750,000

Closed-8 $86,000-$462,500

Yorkville-New 16 $169,500-$320,000

Closed-4 $192,500-$538,000

Contracts accepted this week

Contracts accepted this week increased 20.7%. This week 210 contracts were accepted and the week before there were 174. Things are happening so don’t wait thinking this is a bad time to put your home on the market. Get ahead of the big rush of Spring market when you will have a lot of competition. If your home is ready for market now is the time!

Look at the communities that sellers accepted the most contracts:

Aurora-33 Bolingbrook-18

Naperville-36 Oswego-12

Plainfield-29 St Charles/Campton Hills-18

Yorkville-11

St Charles and Campton Hills are combined on the MLS so that is why we always have them combined.

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

Sellers accepted contracts that are contingent on the buyers current home closing. 3 with a kick-out clause of 72 hours, 7 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 and also 2 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 859 441 650

Next week I will compare last year to this year in January to see the difference. Just realize that some of the new listings are ones that have been on the market and expired or canceled and relisted so it is not a true figure. The same with contracts accepted. Some of them have had a contract accepted and for some reason they go back on the market and then receive another contract. The only true figure is closed. When you are trying to come up with a price to put your home on the market closed is the only one to use.

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 of putting your home on the market? Let us update the value of your home in the current market. We will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you need to call a loan officer to get pre-qualified to see what type of loan and the price range that will work out best for you. They will give you a letter showing what you qualify for and this will go with a offer when you find a home. Sellers need to know this information to make a decision whether to work with your offer or not.

Check out some great resources:

School websites also give you a lot of good information. Let us know if there is any other information that you are looking for.

Market update Fox Valley January 25 2020. 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 x 101

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.

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.

12-28-19 Market Update Fox Valley

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

12-28-19 Market Update Fox Valley

12-28-19 market update Fox Valley. We had a holiday right in the middle of the week so numbers are way off this week. New listings of single family homes were about half of what they were. 58 this week compared to 129 the week before. Next week we have New Year’s Eve and New Year’s Day in the middle of the week again so we will start off the New Year the same way. Also the last 3 days of this year will be included next week because we go Saturday to Saturday.

Closed listings were also about half of what they were. 106 this week compared to 208 the week before. It would be tough to do the holiday and move at the same time.

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

Aurora-New 7 $80,000-$260,000

Closed-15 $79,500-$305,000

Naperville-New 9 $285,000-$669,000

Closed-16 $310,000-$970,000

Plainfield-New 10 $229,000-$525,500

Closed-13 $185,000-$377,130

Contracts accepted this week

Contracts accepted this week were not too bad for a holiday week. 98 this week compared to 117 the week before. Happy Buyers and Sellers that found a home or received a contract on their home. What a great present!

Look at the communities with the most contracts accepted:

Aurora-14 Naperville-15 Plainfield-15

2 short sales accepted by Sellers this week. 1 each in Elburn and Winfield. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the Buyer closing on their current home. 2 with a kick-out clause of 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 48 hours and 1 with 24 hours. Both identical. Out of 98 accepted only 6 contingent on a closing or sale and closing. Sellers still have confidence that will happen. Even in the slower months things are still happening for the ones that are priced right.

2019 by the month

Month New Closed Contract accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 496 661 497

Total 15.488 10,763 12,287

May was the biggest month for new listings this year. August for closings and May for contracts accepted. You can see when the new listings go up so does everything else. The school year cycle is still the busiest. Activity happens year round. Some of the new listings get relisted and some of the contracts accepted come back on the market for various reasons and go contract accepted again. Closed listings is the only one that you can count on.

Contact us

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

Anytime of the year is the right time to sell if it is priced right. You might want to beat the Spring rush so you don’t have so much competition to sell.

Calling a loan officer is your first step if you are thinking about buying in 2020. You need to find out what type of loan will work out best for your situation and what price range will work out best for you. They will give you letter stating what you qualify for that will go with an offer when you find the right home. It will need to be updated if it is older than 30 days.

Check our some great resources:

Some lenders also offer special programs and assistance so also check with them.

12-28-19 market update Fox Valley. Have a great week and have a Happy and safe 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

12 21 19 Market Update Fox Valley

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

12 21 19 Market update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

Communities with the most contracts accepted this week:

Aurora-21 Naperville-18

Plainfield-12

These communities are consistently very active every week.

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

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

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

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 438 532 399

Total 15,430 10,634 12,189

Closed are the most important numbers.

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

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 14 19 Market Update Fox Valley

Posted on December 14, 2019 by Kristine Heiman, Designated Managing Broker

12 14 19 Market Update Fox Valley

12 14 19 market update Fox Valley. New listings were significantly down this week. 136 new listings of single family homes compared to 173 the week before. Buyers looking to get an offer excepted before the holiday have limited new listing choices this week.

Closed listings of single family homes were significantly up this week. 182 this week compared to 142 the week before. We are getting closer to the end of the month so this is to be expected. Both buyer and seller can get in and get settled before the holiday.

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

Aurora-New 19 $114,900-$515,000

Closed-29 $60,000-$459,000

Bolingbrook-New 9 $220,000-$499,900

Closed-17 $147,500-$375,000

Geneva-New 5 $324,900-$632,000

Closed-10 $326,000-$610,000

Naperville-New 35 $254,900-$3,990,000

Closed-28 $275,000-$1,400,000

Plainfield-New 13 $190.000-$398,735

Closed-29 $176,400-$500,000

St Charles/Campton Hills-

New-10 $200,000-$780,000

Closed-9 $193,000-$750,000

West Chicago-New 10 $189,000-$465,000

Closed-2 $220,000-$335,000

Do you see the price range that you are looking in on this list or in the picture above? Some buyers are waiting a long time for homes to come on the market that are below the $200,000 price. If you are looking above that price you have more to choose from.

Contracts accepted this week

Contracts accepted this week on single family homes was way up this week. 155 this week compared to 127 the week before. I think it is important to keep track of when contracts are getting accepted. It gives you an idea of how the market is doing. Buyers are still out there trying to find a home and ready to act when they find it. Price, location and condition is still when all of these are in line a home will sell.

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

Aurora-27 Bolingbrook-17

Napervillle-26 Plainfield-19

9 short sales were accepted by sellers this week. 2 in Plainfield and 1 each in Aurora, Montgomery, Naperville, Oswego, St Charles/Campton Hills, West Chicago and Yorkville. Now they will be submitted to the lender to see if they will also accept.

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

Contingent contracts were also accepted by sellers that the buyer still needs to sell and close on their current home. 2 with a kick-out clause of 72 hours, 1 with 48 hours and also 1 with 24 hours.

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 309 524 282

Total 15,301 10,426 12,072

New listings sometimes get canceled and relisted so the days on market are lower. Not all contracts that get accepted close. Sometimes issues come up that can’t get resolved the way buyers and sellers can agree too. That does not necessarily mean there is a big problem with the home. This is where you need a good REALTOR® and real estate attorney to negotiate the issues that come up.

You can see that activity happens throughout the year. Some months are busier than others. If you are thinking about selling you can decide if you want sell when there is the most listings available or when there is not as much competition.

Contact us

Call us at 630-503-6555. Your goal is our goal. We will do everything we can to reach your goals. Do you have real estate questions?

Let us update the current value of your home in today’s market. We will provide you with a net proceeds that gives you an estimate of the expenses to sell so you can decide if now is a good time for you. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home? Your first step is to get pre-qualified with a loan officer to see what type of loan and what price range will work out best for you. We can make some recommendations just ask.

Check out some great resources:

Whether you have kids in school it is still good to buy a home in a good school district. When you go to sell you will be happy you did.

12 14 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 ext 101

besthomesfv@gmail.com

Sign up for a different way to search for a home. You can switch over to satellite view and it also has a chat feature. Have questions let us know.