Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022

Fox Valley home prices January 8 2022.  New listings of single family homes are up.  106 this week compared to 42 the previous week.  This is still lower than the first full week of 2021 with 136 new listings.  

Closed listing are down.  122 this week compared to 174 the previous week.  The beginning of the year, and month starts off slow, and then increases as we head into the end of the month closer to Spring market.

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

Aurora-New 18 $160,000-$675,000

            Closed-18 $80,000-$901,100

Naperville-New 14 $349,900-$1,749,000

                 Closed-23 $317,500-$1,200,000

Plainfield-New 14 $199,000-$632,920

                Closed-13 $170,000-$613,013

St Charles-New 6 $250,000-$1,550,000

                  Closed-13 $133,350-$871,027

Financing, median price and 2,000 square feet or more

Median list price on single family homes this week $362,500, last week $324,950.

Closed median price this week on single family homes $367,500, last week $326,000.

Stats January 8 2022
Stats January 8 2022

Conventional financing used to close on 83 homes at median price of $408,000 this week, last week 121 at $355,000 median price.

Conventional financing January 8 2022
Conventional financing January 8 2022

Cash used to close 17 homes at median price of $355,000 this week, last week 16 at $267,500 median price.

Cash January 8 2022
Cash January 8 2022

FHA financing was used to close on 14 homes at a median price of $270,500 this week, last week 23 at $251,500 median price.

FHA financing January 8 2022
FHA financing January 8 2022

VA financing was used to close on 6 homes with a median price of $344,495 this week, last week 13 homes at $327,000 median price.

VA financing January 8 2022
VA financing January 8 2022

76 single family homes were closed with 2,000 square feet or more with a median price of $465,750 this week, last week 83 homes were closed at $420,000 median price.

The minimum price for 2,000 square feet or more was $240,000 this week, last week $239,900.  This gives you and idea of prices in the Fox Valley if you are thinking about looking for a larger home with more bedrooms, office or family room.

2000 SF or more January 8 2022
2000 SF or more January 8 2022

Contracts accepted this week

110 contracts were accepted this week by seller’s.  The previous week 101 so it has gone up slightly.

Fox Valley home prices January 8 2022-Contracts accepted this week

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

Aurora-22                   Bolingbrook-14

Naperville-16               Plainfield-17

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

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

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

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.

Do you have questions about real estate taxes?  What you should do to get your home ready for market?  Do you want guidance after a loved one has passed?

We can’t give you legal advice, but we can help guide you through the process.

Request a home valuation and give us some information about your home and what has recently been updated.  We will give you an idea of market value and what you expenses might be to sell.  When an offer comes in we can give you a better idea when we know all the terms.

Thinking about buying a homes?  Get in contact with a loan officer with all your financial information so they can get you pre approved.  Then you are ready to start looking.

Check out some great resources:

Your interest rate will be determined on your credit score.  Check with your loan officer to see what they are offering you and ask if there is anything you can do to bring up your score to get a better rate.  Your loan officer also might be offering some assistance.  You need to ask.

Look for us on Facebook at Best Homes Fox Valley.  We have a “shop now” button you can click on and search anywhere in Illinois.  There are drop down arrows if you are looking for attached housing or for more options.

All data used is from our MLS MRED, LLC.

Fox Valley home prices January 8 2022.  Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!

Fox Valley home prices January 1 2022

Fox Valley home prices January 1, 2022

Fox Valley home prices January 1 2022.  Happy New Year!  We wish you a healthy, prosperous and happy year ahead.  Hopefully you will keep an eye on the market with us and jump in when you are ready.  Just let us know and we will be happy to help with all of your real estate needs.

The last week of the year was slow with new listings.  42 this week compared to 43 the previous week.  That is 2 holiday weeks in a row.  Now to take down all the decorations and get back to normal.

Closed listings for this last week of the year was slightly down.  174 this week compared to 186 the week before.

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

Aurora-New 8 $160,000-$485,000

            Closed-35 $114,000-$491,000

Batavia-Closed 10 $201,000-$573,000

Bolingbrook-New 4 $319,500-$500,000

                   Closed-12 $180,000-$850,000

Montgomery-New 1 $239,900

                     Closed-13 $185,000-$390,000

Naperville-New 6 $419,000-$1,225,000

                 Closed-19 $340,000-$820,000

Plainfield-New 4 $270,000-$672,400

                Closed-20 $203,000-$675,000

Yorkville-New 2 $199,500-$276,600

               Closed-12 $265,000-$500,000

Let us know what community you are looking for and we can get you set up to receive listings as they hit the market.

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

Median list price of single family homes this week was $324,950, last week $339,000.

Closed median price this week was$326,000, last week $335,500.

Stats January 1 2022
Stats January 1 2022

Conventional financing was used to close 121 homes this week with a median price of $335,000, last week 138 at median price of $350,500.

Conventional financing January 1 2022
Conventional financing January 1 2022

Cash was used to close 16 homes this week with a median price of $267,500, last week 11 at median price of $291,500.

Cash January 1 2022
Cash January 1 2022

FHA financing was used to close 23 homes this week at median price of $251,500, last week 28 homes at median price of $256,500.

FHA financing January 1 2022
FHA financing January 1 2022

VA financing was used to close 13 home this week at median price of $327,000, last week 7 homes at median price of $361,000.

VA financing January 1 2022
VA financing used

People are looking for homes with more square footage than they currently have. 83 homes closed this week that were looking for 2,000 square feet or more at a median price of $420,000, last week 99 homes at median price of $412,500.  The minimum price of home closed this week of 2,000 square feet or more at a price of $239,900, last week $239,000.

2000 SF or more January 1 2022
2000 SF or more 

Contracts accepted this week

Fox Valley home prices January 1, 2022-Contracts accepted this week

Contracts accepted this week were down.  101 this week compared to 120 the previous week.

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

Aurora-22                     Bolingbrook-12

Naperville-12                 Plainfield-14

No short sales were accepted by seller’s this week.  That does not mean that there are not any out there on the market.  Most homes right now have appreciated enough that even if you are struggling you can payoff the loan and might even have money left over.

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

2021 by the month and a look back at 2020 and 2019

2021

Month        New   Closed   Contracts accepted

January           543        649              829

February         561         604              778

March             993       1099             1455

April              1006        926             1387

May               1088       1288             1289

June              1450       1686             1671

July                1118       1182              1210

August           1109       1203             1170

September    1083       1411              1251

October          715        973               930

November       557        854               931

December       349       1044              652

Totals      10572   12919      13553

2020

January          1105        566              858

February        1267        529            1024

March            1186         707            1079

April               648         786             775

May               1352        1010           1444

June              1232         908           1534

July               1417        1453           1852

August          1037        1335           1436

September    1176        1503           1503

October         843         1116           1159

November      567          985            699

December      513           971            783

Totals     12343    11869     14146

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

December     496            638         497

Totals     15129     10250   11847

Inventory of homes for sale decreased all 3 years.  Closed homes went up all 3 years and so did prices because of the decrease in inventory.  This give you a good look at why prices are rising.  There are not enough homes built to satisfy the demand.  This is not just locally.  It is nation wide.  More homes need to be built or commercial property that is vacant needs to be modified to accommodate housing needs.

Check back with us every Saturday for the real estate market update.  At the end of each month we take a look back at the previous 2 years so you can see how the market is going.

Contact us

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

Is 2022 the year you will want to make a move?  Request a home valuation to see what your home is worth in today’s market.  We will give you an estimate and 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.  Let us know a little bit about your home and what has been updated recently.

Thinking of buying a home this year?  Plan in advance it might take a while for the right home to come on the market that meets your needs.  Contact a loan officer and get them all your financial documents so they can  get you pre approved.  They will give you a letter showing what price will work for you and what type of financing so we can show the seller that you do qualify for their home when the time comes to make an offer.  You need to be ready to go in this market.

Resources:

Check with your loan officer for the rates they are willing to give you with your current credit score.  They can help you increase your score if needed.

If you need recommendations for loan officers, real estate attorneys or home inspectors we would be happy to give you a few to contact and you can decide who best to work with.

Look for us on Facebook and click on the “shop now” to search for homes anytime you like.  Look for the drop down arrows to change what type of home and other options.

All data is from our MLS MRED, LLC

Fox Valley home prices January 1 2022.  Happy New Year!  Have an awesome week ahead.

Kristine Heiman, SFR, SRS, AHWD, C2EX

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Fox Valley home prices December 25 2021

Fox Valley home prices December 25 2021

Fox Valley home prices December 25 2021.  Merry Christmas!  New listings of single family homes are way down.  43 this week compared to the previous week 84.  When it gets close to the holidays it slows down.

Closed listings are down, but not that much.  186 this week compared to the previous week 230.  Next week is the last week of the year.

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

Aurora-New 7 $170.000-$899,000

            Closed-28 $135,500-$718,000

Bolingbrook-New 5 $215,000-$450,000

                   Closed-19 $230,000-$531,000

Naperville-New 3 $325,000-$484,900

                 Closed-25 $298,000-$1,555,000

Oswego-New 1 $349,000

             Closed-12 $230,000-$570,170

Plainfield-New 5 $290,000-$740,000

                Closed-20 $197,500-$560,000

Yorkville-New 8 $265,000-$600,000

               Closed-11 $235,000-$450,000

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

The median list price of single family homes this week was $339,000, last week $349,900.

Closed single family homes median price was $335,500, last week $357,500.

Stats December 25 2021
Stats December 25 2021

138 of the 186 homes closed using Conventional financing this week with a median price of $350,000, last week 164 at $380,000.

Conventional Financing December 25 2021
Conventional Financing December 25 2021

Cash was used to closed 11 homes this week with a median price of $291,500, last week 30 at $332,500.

Cash December 25 2021
Cash December 25 2021

FHA financing was used to close 28 at a median price of $256,500, last week 23 at $279,000.

FHA financing December 25 2021
FHA financing December 25 2021

VA financing was used to close 7 homes with a median price of $361,000, last week 13 at $375,000

VA financing December 25 2021
VA financing December 25 2021

Homes that were 2,000 square feet or more closed 99 with a median price of $412,500, last week 143 closed with median price of $420,000.  Minimum price was $239,000, last week $233,500.

2000 SF or more December 25 2021
2000 SF or more December 25 2021

Contracts accepted this week.

Fox Valley home prices December 25 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  120 this week compared 143 the previous week.

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

Aurora-15                         Naperville-19

Plainfield-21

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

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours.

2021 by the month

Month        New   Closed   Contracts accepted

January          543         649              829

February        561          604              778

March            993         1099            1455

April             1006          629            1387

May              1088         1288            1289

June             1450         1686            1671

July               1118          1182            1210

August          1109          1203            1170

September   1083           1411            1251

October         715            973             930

November      557            854             931

December      307            870             551

Totals     10530     12448      13452

Next week is the last week of the year.  We will compare to 2020 and 2019 so you can see how this year did compared to the previous 2 years.  You will see more closed homes this year than the previous 2 years even with such low inventory.

Buyers are still out there looking for homes to come on the market.  So many of them lost out to multiple offer situations.

2022 looks to be more of the same.  There is a shortage of homes across the nation.  Until more homes are built or converted we will see prices increase.

Check back with us every Saturday for the real estate market update.

Contact us

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

If you are thinking about buying a home you need to get pre approved with a loan officer.  Get all your financial information together and get it to them so they can get your pre approved.  In this market you have to be ready.  If you have already gone through this make sure it is up-to-date.  The pre approval letter needs to be 30 days or less.

Request a home valuation if you are thinking about selling.  Tellus about your home and what has been recently updated.  We will let you know what your home is worth in today’s market  and give you and estimate of expenses to sell. The net proceeds will be updated when an offer comes in and we know all the terms.

Resources:

Check with your loan officer for the rates you will get based on your credit score.  If you need to improve your credit score they can help you with that.  They also might offer some assistance but you need to ask.

If you are on Facebook you can go to our page and click on the “shop now” button and search for homes there.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 25 2021.  Merry Christmas!  Have a great week.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for homes today!

Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021

Fox Valley home prices December 18 2021.  New listings of single family homes are down.  84 this week compared to the previous week 78.  Some improvement, but definitely not enough.

Closed listings of single family homes were up.  230 this week compared to 210 the previous week.  The next 2 weeks will not be interrupted too much with the Christmas and New year holiday since they fall on Saturday.

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

Aurora-New 12 $175,000-$544,900

            Closed-27 $100,000-$775,000

Batavia-New 2 $214,900-$239,900

             Closed-15 $189,900-$800,000

Bolingbrook-New 8 $235,000-$419,500

                    Closed-19 $200,000-$480,000

Geneva-New 2 $349,900-$899,000

             Closed-12 $275,000-$2,500,000

Montgomery-New 2 $215,000-$339,900

                     Closed-11 $170,000-$355,000

Naperville-New 11 $397,000-$1,375,000

                 Closed-30 $325,000-$1,200,000

Oswego-New 7 $315,000-$434,990

              Closed-12 $267,000-$470,000

Plainfield-New 13 $200,000-$849,000

                Closed-35 $250,000-$660,000

St Charles-New 5 $99,999-$1,179,000

                   Closed-16 $210,000-$1,449,900

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

Median list price this week $349,900, last week $347,000

Closed median price this week $357,500, last week $332,500.

Stats December 18 2021
Stats December 18 2021

Conventional financing closed this week 164 with a median price $380,000, last week 150 at $360,050 median price

Cash closed 30 with median price $332,500, last week 18 at median price $287,750.

Conventional and Cash December 18 2021
Conventional and Cash December 18 2021

FHA closed 23 with median price $279,000 this week, last week 35 at median price $287,000.

VA financing used to close 13 at median price $375,000, last week 7 at $320,000 median price.

FHA and VA December 18 2021
FHA and VA December 18 2021

2,000 square feet or more single family homes closed 143 at median price of $420,000 this week, last week 121 at $412,000.

Minimum price was $233,500 this week, last week $240,000.  This gives you an idea of pricing in the Fox Valley if you are looking for a bigger home.  You might be looking for more bedrooms, home office or family room that you do not have now.

2000 SF or more December 18 2021
2000 SF or more December 18 2021

Conventional financing is still the one seller’s are accepting right now the most.  If your loan officer has pre approved you for something else you might also have them pre approve you for Conventional financing just in case so you do not lose out on a home.

Contracts accepted this week

Fox Valley home prices December 18 2021-Contracts accepted this week

Contracts accepted this week were consistent.  143 accepted this week compared to 141 the week before.  Sales are still happening even though the new listings continue to go down.  It is a great time to be a seller right now!  You do not have to wait until Spring.

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

Aurora-36                   Bolingbrook-12

Naperville-16               Plainfield-14

St Charles-14

These are the communities that consistently have the most activity.

No short sales were accepted by seller’s this week.  Most people that are having difficulty do not have to sell short right now unless they bought their home in the last couple of years.  Prices have increased enough that most people can sell and not go through that process because there is enough equity.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home.  1 with a kick-out clause of 48 hours.

2021 by the month

Month        New   Closed   Contracts accepted

January           543        649               829

February         561         604               778

March             993        1099             1455

April              1006         926             1387

May               1088        1288             1289

June              1450        1686             1671

July                1118         1182             1210

August           1109         1203             1170

September    1083         1411              1251

October          715          973               930

November       557          854               931

December       264          684               431

Totals      10487    12559       13332

The closed column is the most important one to look at.  These are actual numbers. 

Some of the closings were carried over from 2020.  That is why there are more closed than new listings. 

Contracts accepted column can have numbers that are counted more than once.  Some seller’s accept a contract and then they don’t make it past attorney review, home inspection or buyer does not obtain financing so they go back on the market and get another contract. 

Check back with us every Saturday for the 2021 by the month.  At the end of each month we compare to 2020 and 2019 so you can see how the year has gone and look at the pattern for when most activity occurs.

Contact us

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

Request ahome valuation if you are thinking about selling.  Tell us about your home and what updates have been completed recently.  A net proceeds will be provided that shows you and estimate of expenses to sell.  When an offer comes in this will be updated and we can have all the terms reflected to give you better numbers.  

Thinking of buying a home?  You need to get in touch with a loan officer and provide them with all your financial information.  They will give you a letter showing how much you qualify for and what type of loan.  When you find a home this will be sent with the offer to let the seller know you do qualify for their home.

Resources:

Contact your loan officer to see what rates they are offering you based on your credit score.  They will help you if you need to bring your score up.  The better the score you have the better the rate you will be offered.

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

If you are on Facebook please look for me there.  You can click on the “shop now” and search anywhere in Illinois.

All data provided from our MLS, MRED, LLC.

Fox Valley home prices December 18 2021.  Have a great week.  Search for a home today!

Kristine Heiman, SRS, SFR, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

 

Fox Valley home prices December 11 2021

Fox Valley home prices December 22 2021

Fox Valley home prices December 11 2021.  First I want to say how heartbreaking the storms of last night were in multiple states.  So much devastation and loss of life.  This is such a strange thing to happen in December.

New listings of single family homes were down.  78 this week compared to 102 the previous week.  This is extremely low even for this time of year.

Closed listing of single family homes was also down.  210 this week compared to 244 the previous week.  Closings should increase as we get closer to the end of the month.  Some might even spill over into the new year.

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

Aurora-New 17 $120,000-$999,900

            Closed-27 $135,500-$562,000

Bolingbrook-New 6 $264,900-$625,000

                    Closed-19 $199,900-$440,000

Naperville-New 11 $375,000-$1,265,000

                 Closed-31 $267,000-$1,180,000

Oswego-New 2 $400,000-$419,900

              Closed-13 $215,000-$465,000

Plainfield-New 13 $279,000-$542,580

                Closed-30 $263,500-$500,000

St Charles-New 6 $209,714-$775,000

                  Closed-13 $243,000-$1,550,000

Yorkville-New 5 $239,900-$2,964,000

               Closed-15 $235,000-$465,000

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

Median list price this week $347,000, last week $350,000.

Closed median price this week $332,500, last week $363,942.

Stats December 11 2021
Stats this week

Conventional financing was used 150 times out of the 210 closed homes with a median price of $360,000, last week 176 at median price of $385,000.

Cash was used 18 out of the closings this week with median price of $287,750, last week 23 at $298,000.

Conventional and Cash December 11 2021
Conventional and Cash closed this week

FHA was used 35 of the 210 closings this week with a median price of $287,000, last week 27 at $250,000.

VA was used for 7 of the closings with median price of $320,000, last week 13 at $390,000.

FHA and VA December 11 2021
FHA and VA used this week

Single family homes with 2,000 or more square feet closed 121 at median price of $412,000, last week 144 at $445,450 median price.  The minimum price of 2,000 or more square feet closed this week was $240,000, last week $207,000.  For people looking for more square footage this gives you an idea of the pricing in the Fox Valley area.

2000 Square feet or more December 11 2021
2,000 or more square feet

Conventional financing is still what seller’s are looking for and accepting right now. If your loan officer is qualifying you for something else you might also want them to see what you qualify using this type of financing.  They can qualify you for multiple ways of financing.  You can try your preferred way first, and have Conventional as a backup.

Contracts accepted this week

Fox Valley home prices December 11 2021-Contracts accepted this week

Contracts accepted this week were consistent.  141 this week compared to 147 the previous week.  Buyer’s are still out there ready to go even with the extremely low inventory.  It is still a great time to sell!  Very little competition right now.

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

Aurora-21                  Bolingbrook-11

Naperville-17             Plainfield-22

1 short sale was accepted this week by a seller.  It was in Aurora.  Most homes have appreciated enough that seller’s do not have to sell short.  They must of run into trouble shortly after purchasing.  Now it will be submitted to the lender to see if they will also accept.

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

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

Only 4 contracts out of 141 were contingent on the buyer closing or selling and closing on their current home.  Either the buyers are 1st time buyers or they could purchase without contingencies other than financing.

2021 by the month

Month        New   Closed   Contracts accepted

January          543         649              829

February        561          604              778

March            993         1099            1455

April             1006          926            1387

May              1088         1288            1289

June             1450     1686        1671

July                1118        1182              1210

August           1109        1203              1170

September    1083        1411               1251

October          715         973                930

November       557         854                931

December       180          454               288

Totals     10403    12329        13189

Not all contracts that get accepted close.  That is why there is more accepted than closed.  Some of them do not make it past the attorney review and home inspection.  They go back on the market and get accepted again.  

The closed column is the most important one to look at because that is actual numbers for the Fox Valley area.

Prices will keep increasing as long as the inventory remains so extremely low.

You have to be a patient buyer in this market.  You have to keep looking at what comes up and be ready to go look.  If you can find something that is close to your needs it might be worth going after.

Contact us

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

Request a home valuation if you are thinking about selling anytime soon to find out an estimate of what you home would be worth in today’s market.  Tell us about your home and anything that has recently been updated.  We will provide you with a net proceeds that gives you idea of what the expenses might be.  This will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home?  You need to get all your financial information together and get it to a loan officer so they can get you pre approved.  They will give you a letter showing what type of loan and what price works out best for you.  When you find a home and want to put in an offer this letter will go with the offer so the seller will know you qualify for their home.

Resources:

You need to contact the loan officer you are working with to see what interest rate they are offering you based on your credit score.  They will work with you to bring up your score if that is needed.

Do you need recommendations for loan officer, real estate attorney or home inspector?  We can give you a few to contact and you can decide who you want to work with.

Guiding you through the process whether buying or selling is what we do to help make the process easier to get through.

All data used is from our MLS MRED, LLC.

Fox Valley home prices December 11 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices December 4 2021

Fox Valley home prices December 4 2021

Fox Valley home prices December 4, 2021.  New listings of single family homes are up.  102 this week compared to 82 the previous week.  Still ridiculously low.  It usually slows down this time of year.  That does not change buyer’s hopes for finding a home though.

Closed listings of single family homes is up.  244 this week compared to 158 the previous week.  Monday and Tuesday was the end of November when most buyer’s want to close.  Some of these were put off to the beginning of this month because of not getting everything accomplished before the Thanksgiving holiday.

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

Aurora-New 14 $130,000-$595,000

            Closed-43 $110,127-$691,000

Bolingbrook-New 9 $240,000-$550,000

                    Closed-15 $220,000-$505,000

Geneva-New 3 $290,000-$620,000

             Closed-12 $280,000-$590,000

Naperville-New 15 $329,900-$1,050,000

                 Closed-39 $275,000-$1,420,000

Oswego-New 7 $299,000-$434,990

             Closed-13 $250,000-$495,000

Plainfield-New 12 $194,900-$625,000

                Closed-26 $252,000-$710,053

St Charles-New 6 $245,000-$608,500

                  Closed-25 $185,000-$1,599,625

Yorkville-New 1 $350,000

               Closed-12 $235,000-$487,600

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

Median list price this week $350,000, last week $359,450.

Closed median price this week $363,942, last week $359,450.

Stats December 4 2021
Stats this week

176 single family homes closed this week using Conventional financing with a median price of $385,000, last week 110 at median price of $373,250.

23 closed this week paying cash with a median price of $298,000, last week also 23 at a median price of $315,000.

Conventional and Cash December 4 2021
Conventional and Cash

FHA financing was used this week with 27 homes with a median price of $250,000, last week 18 homes at median price of $288,500.

VA financing was used to buy 13 single family homes with a median price of $390,000 this week, last week 6 homes with median price of $438,500.

FHA and VA December 4 2021
Homes closed using FHA and VA financing

144 single family homes closed this week that are 2,000 square feet or more with a median price of $445,450, last week 89 with median price of $450,000.  Minimum price this week was $207,000, last week $260,000.  This gives you and idea of pricing here in the Fox Valley if you are looking for more square footage with either more bedrooms or space for an office.

2000 SF or more December 4 2021
2,000 square feet or more

Conventional is still the most used way to finance buying a home.  If your loan officer qualified you for FHA financing you should ask them to also qualify you for Conventional and see where you are at.  You might be able to purchase a higher price with FHA but if you are up against another offer the seller will most likely take the Conventional offer over FHA.

Contracts accepted this week

Fox Valley home prices December 4 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  147 this week compared to 191 the previous week.  New listings were way down last week so there was not much to choose from.

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

Aurora-23                          Naperville-23

Plainfield-20                      West Chicago-10

4 short sales were accepted by seller’s this week.  1 each in Bolingbrook, Plainfield, Plano and Warrenville.  Now they will be submitted to the lender to see if they will also accept.  Prices have increased so much that most times the seller can sell without having to sell short unless they purchased recently.  

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

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

2021 by the month

Month          New  Closed  Contracts accepted

January             543       649               829

February           561        604               778

March               993      1099              1455

April                1006       926              1387

May                 1088      1288              1289

June                1450      1686              1671

July                  1118       1182              1210

August             1109       1203              1170

September      1083        1411              1251

October            715         973               930

November         557         854               931

December          102         244               147

Totals       10325    12119      13048

June was the best month of the year so far.  I don’t think December will have that much activity.  There is always reasons people need to sell so don’t give up if you are a buyer.

Even though things have slowed down it is still a great time to sell.  Not much competition out there.

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.

Request a home valuation if you are thinking about selling your home.  We will let you know what your home is worth in today’s market and give you a net proceeds that shows you an estimate of the expenses to sell.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  You need to get pre approved with a loan officer.  Get all your financial information together and get it to your loan officer so they can get you pre approved.  Seller’s want to know that you qualify for their home before they will even consider an offer from you.  The loan officer will give you a letter that shows what you qualify for and what type of loan that will go with an offer when you find the right home.

It is our job to make sure you qualify before we take you looking at homes.  You do not want to fall in love with a home that you don’t qualify for.  We look at many things like how much the taxes are or if the home needs work.  If the taxes are too high or if there is a homeowner Association fee sometimes that can put you over what you qualify for.  It depends on what type of loan you are going for if there are things the home needs to repair and the owner is not willing to make the repairs.

Resources:

Check with your loan officer for the interest rates you qualify for with your credit score.  The better your credit score, the better the interest rate you will be offered.  If you need to work on your credit score your loan officer will be able to give you some guidance on how to bring up.

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices December 4 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

]Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 27 2021

Fox Valley home prices November 27 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stats November 27 2021
Stats this week

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

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

Conventional and Cash November 27 2021
Conventional and Cash

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

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

FHA and VA November 27 2021
FHA and VA

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

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

Contracts accepted this week

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

Fox Valley home prices November 27 2021-Contracts accepted this week

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

Aurora-26                       Bolingbrook-18

Montgomery-15               Naperville-29

Plainfield-20                   St Charles-11

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

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

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

2021 by the month and a look back at 2020 and 2019

2021

Month       New    Closed  Contracts accepted

January         543          649          829

February       561           604          778

March           993         1099         1455

April            1006          926         1387

May             1088         1288         1289

June           1450      1686     1671

July              1118          1182         1210

August         1109         1203          1170

September  1083          1411          1251

October        715           973           930

November     557           854           931

Totals    10223     11875    12901

2020

January       1105           566           858

February     1267           529         1024

March         1186            707         1079

April            648            786           775

May            1352           1010         1444

June           1232            908         1534

July           1417          1453        1852

August       1037           1335         1436

September 1176           1503        1503

October      843            1116          1159

November   567             985           699

Totals   11830      10898    13363

2019

January      878             407           568

February   1032             463           832

March        1731             915         1375

April          1594            792           1307

May           1645           995           1280

June          1643          1253            1218

July           1423          1008            1090

August      1585          1330            1196

September1164             765             869

October    1041             738             776

November  897             946             839

Totals  14633        9612      11350

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

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

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

Contact us

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

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

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

Resources:

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

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

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 27 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 20 2021

Fox Valley home prices November 20 2021
Activity this week

Fox Valley home prices November 20 2021.  New listings of single family homes were up.  153 this week compared to 139 the previous week.  There are ups and downs throughout the year, but there is activity every week.  Some months are slower, but there is always a need to sell for many different reasons.  If you are still waiting for a home to come up that is right for you be patient.

Closed listings of single family homes was also up.  260 this week compared to 206 the previous week.  It can be tricky trying to close before and after a holiday.  The next couple of weeks some closings might be shuffled around because of scheduling issues.

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

Aurora-New 23 $115,000-$498,900

            Closed-41 $88,900-$530,000

Bolingbrook-New 13 $210,000-$490,000

                    Closed-20 $220,000-$520,000

Montgomery-New 8 $179,900-$350,000

                     Closed-12 $175,000-$405,000

Naperville-New 20 $349,900-$4,700,000

                  Closed-42 $262,500-$1,659,205

Oswego-New 6 $120,000-$795,000

              Closed-16 $219,000-$510,000

Plainfield-New 21 $249,900-$564,900

                Closed-30 $220,000-$715,000

St Charles-New 8 $305,000-$695,000

                  Closed-21 $140,000-$1,099,000

Yorkville-New 8 $240,000-$450,000

               Closed-15 $215,000-$563,950

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

Median list price this week $359,000, last week $340,000

Closed listings had a median price of $367,944, last week $338,749.

Stats November 20 2021
Stats this week

Conventional financing was the most used this week.  185 at median price of $390,990, last week 140 at median price of $363,500.

Cash deals closed this week with 26 at median price of $377,000, last week 29 at median price of $345,000.

Conventional and Cash November 20 2021
Conventional and Cash

FHA deals closed this week with 36 at median price of $286,945, last week 31 at median price of $273,000.

VA deals closed this week with 11 at median price of $374,900, last week 5 at median price of $285,000

FHA and VA November 20 2021
FHA and VA

2,000 or more square feet closed this week with 158 at a median price of $435,000, last week 107 with a median price of $430,000.  Minimum closed price this week $255,000, last week $139,000.  This give you an idea of prices in the Fox Valley area if you are looking for more square footage.

2000 or more SF November 20 2021
2,000 or more square feet

Contracts accepted this week

"Fox

Accepted contracts this week in the Fox Valley area of single family homes was up.  235 this week compared to 227 the previous week.  New listings were way down last week so this is good news.  Homes that might of been overlooked received contracts.

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

Aurora-33                      Batavia-12

Bolingbrook-22               Geneva-10

Naperville-33                 Plainfield-28

St Charles-15                 Sycamore-11

West Chicago-10            Yorkville-13

No short sales were accepted by seller’s this week.  That does not mean that they are not out there, but most homes have appreciated enough that they do not have to sell short.

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  4 with a kick-out clause of 72 hours and 6 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 48 hour and 1 with 24 hours.

2021 by the month

Month      New     Closed   Contracts accepted

January       543            649                    829

February     561             604                    778

March         993           1099                   1455

April          1006            926                   1387

May           1088           1288                   1289

June          1450           1686                   1671 

July            1118            1182                   1210

August       1109            1203                   1170

September1083            1411                   1251

October      715             973                    930 

November   475             696                    740   

Totals   10141      11717          12710

June was the best month for all three.  Sales tend to slow down the last 2 months of the year.  We are already ahead of January and February with closed homes and we have a little more than a week to go.

New listings have slowed down.  Buyers are still out there waiting for more homes to come on the market.  Prices have slowed some buyers down, but there are still buyers out there ready to buy even though prices have increased.

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 give us some information about your home and what has been updated recently.  Roof, siding, wiring, plumbing, furnace, Air conditioning, interior paint, remodeled kitchen or baths.  Any additions or professional landscaping.  Did you get permits?  We will provide you with a net proceeds that shows you an estimate of expenses to sell so you will have an idea where you are at.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home you will need to get pre approved with a loan officer.  Get all your financial information together and submit them to a loan officer so they can get you pre approved.  They will give you a letter showing what type of loan and how much you qualify for.  We will submit this with an offer when you find a home so you can show the seller that you do qualify for their home.

Resources:

Check with your loan officer for the current rates that you qualify for with your credit score.  They also might offer some assistance so it is always good to have that conversation with them.

If you need recommendations for a loan officer, real estate attorney or home inspector we can recommend a few for you to contact and you decide who you would like to work with.

All data provided is from our MLS MRED, LLC.

Fox Valley home prices November 20 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021

Fox Valley home prices November 13 2021.  New listings of single family homes are way down.  139 this week compared to 183 the week before.  Competition is way down right now if you are thinking about selling.

Closed single family homes this week were also down.  206 this week compared to 230 the week before.  This is understandable since we are at the beginning of the month.  Most buyers want to close at the end of the month.

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

Aurora-New 24 $130,000-$745,000

            Closed-42 $135,000-$525,000

Bolingbrook-New 7 $175,000-$500,000

                    Closed-28 $217,000-$1,020,000

Elburn-New 12 $210,000-$920,000

Naperville-New 14 $222,000-$935,000

                 Closed-30 $320,000-$1,575,000

Oswego-New 8 $235,000-$500,000

              Closed-11 $260,000-$525,000

Plainfield-New 15 $229,900-$674,900

                Closed-23 $218,000-$575,000

St Charles-New 16 $250,000-$1,299,000

                  Closed-19 $180,000-$1,235,000

We hope to see improvement this week with new homes coming on the market.

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

Median list price this week $340,000, last week $350,000.

Closed median price this week $338,749, last week $350,000.

Stats November 13 2021
Median prices this week

Conventional closed single family homes 140 at a median price of $363,500, last week 149 at $370,000.

Cash closed 29 with a median price of $345,000, last week 22 at $290,000.

Conventional and Cash November 13 2021
Conventional and Cash

FHA closed 31 with a median price $273,000, last week 48 at $305,000.

VA closed 5 with a median price of $285,000, last week 11 at $271,000.

FHA and VA November 13 2021
FHA and VA Financing

2,000 or more square feet closed 107 with a median price of $430,000, last week 129 at $420,890.  Minimum price this week $139,000, last week $240,000.  This gives you an idea of the prices if you are thinking about buying a home with a little bit more space.

2000 SF or more November 13 2021
2000 or more square feet

Contracts accepted this week

Fox Valley home prices November 13 2021-Contracts accepted this week

Contracts accepted this week on single family homes was down.  227 this week compared to 278 the week before.   Next week we hope to increase the new listings so there is more available to buyers.

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

Aurora-32                          Batavia-13

Bolingbrook-19                   Naperville-28

Oswego-14                         Plainfield-37

St Charles-17                    West Chicago-12

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  6 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent to the buyer selling and closing on their current home.  3 with a kick-out clause of 72 hours and 6 with 48 hours.

2021 by the month

Month        New     Closed     Contracts accepted

January           543           649                 829

February         561            604                 778

March             993           1099               1455

April              1006            926               1387

May               1088           1288               1289

June              1450           1686               1671

July                1118            1182               1210

August           1109            1203               1170

September    1083             1411               1251

October          715              973                930

November       322              436                505

Totals       9988       11457        12475

June was the most active month so far this year across the board with new listings, closed and contracts accepted.  All signs look like 2022 will be similar to this year.  Prices might not go up as fast as they did this year.  Until more homes are built or commercial property converted to residential purposes inventory will not increase.  There just is not enough homes for the need.

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.
I have been attending our National Association of REALTORS® Conference virtually yesterday, today and tomorrow.  They have had some great sessions.  Talking about the economy, appraisals in today’s market and so much more.  They are holding it out in San Diego.   One of my favorite places.

Thinking about selling your home in the near future?  Request a home valuation and give us a little information about your  home and what has recently been updated.  We will let you know what it is worth in today’s market.  We will provide you with a net proceeds that shows you the expenses to sell.  This will be updated when an offer comes in and we know all the terms.  If you are planning on waiting until after the first of the year.  We can update closer to when you are ready.

You might want to plan ahead if you are thinking about buying a home and are wanting to do that by a certain date.  You will need to get all your financial information together and get it to a loan officer if you haven’t already done that.  You need to get pre approved.  They will give you a letter after they are completed that shows what type of loan and how much you qualify for.  This will go with an offer when you find a home.

Resources:

You will want to check with your loan officer for the rates that they are currently offering with your credit score.

Do you need recommendations for loan officers, real estate attorney, or home inspector?  We can provide you a few of each so you can contact them and decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 13 2021.  Have a great week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 6 2021

Fox Valley home prices November 6 2021

Fox Valley home prices November 6 2021.  New listings of single family homes are up.  183 this week compared to 152 the week before.  This will help but it is still extremely low.

Closed listings of single family homes are down.  230 this week compared to 292 the week before.  That is still not bad for the beginning of the month.  Most buyers want to close at the end of the month.

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

Aurora-New 19 $95,000-$425,000

             Closed-50 $115,000-$721,000

Batavia-New 10 $205,000-$429,900

             Closed-7 $315,000-$630,512

Bolingbrook-New 20 $190,000-$455,535

                    Closed-11 $247,000-$495,000

Geneva-New 6 $439,900-$875,000

             Closed-10 $220,000-$704,838

Montgomery-New 8 $239,000-$375,000

                     Closed-10 $193,000$328,000

Naperville-New 25 $339,000-$1,300,000

                  Closed-28 $252,000-$900,000

Oswego-New 16 $255,000-$1,075,000

             Closed-12 $250,000-$480,000

Plainfield-New 20 $275,000-$550,000

                 Closed-36 $210,000-$627,000

St Charles-New 14 $269,900-$1,695,000

                  Closed-10 $211,000-$865,000

Yorkville-New 8 $214,900-$479,900

               Closed-17 $230,000-$593,000

You should be able to click on the picture above to enlarge it to see the rest of the communities.  This gives you and idea of the prices in each community.  If you want to see everything that is listed and available let us know which communities you are looking at and what price range.  We can get you set up to receive listings as they come on the market.

Financing used, median prices and 2000 or more square feet

Median list price of single family homes this week $350,000, last week $339,000.  

Closed median prices of single family homes this week $350,000, last week $340,000.

Stats November 6 2021

Conventional financing on closed single family homes this week 149 at median price of $$370,000, last week 212 with median price of $365,000.

Cash closed this week 22 with median price of $290,000, last week 34 with median price of $327,450. 

Conventional and Cash November 6 2021
Conventional and Cash

FHA financing closed this week 48 with median price $305,000, last week 34 with median price $285,800.

VA financing closed this week 11 with median price $371,000, last week 10 with median price $319,500.

FHA and VA financing November 6 2021
FHA and VA financing

2,000 square feet or more closed this week 129 with median price $402,890, last week 167 with median price $416,500.  Minimum closed price this week $240,000, last week $209,100.  This gives you an idea of prices if you are looking for more square feet.

2000 or more SF November 6 2021
2,000 square feet or more

We are still seeing Conventional financing is the most used or accepted by the seller.  More FHA are starting to get through.

Contracts accepted this week

Fox Valley home prices November 6 2021-Contracts accepted this week

Contracts accepted this week are up.  278 this week compared to 218 the week before.

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

Aurora-38                       Bolingbrook-25

Geneva-11                        Montgomery-12

Naperville-37                  Oswego-14

Plainfield-42                    Sugar Grove-17

Yorkville-10

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home.  5 with a kick-out clause of 72 hours and 11 with 48 hours.

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

Median price for  homes that received a contract this week  $327,450 with an average market time of 36 days.

Contingent days on market November 6 2021

2021 by the month

Month        New     Closed     Contracts accepted

January           543           649                    829

February          561           604                    778

March              993          1099                  1455

April               1006           926                  1387

May                1088          1288                  1289

June               1450          1686                  1671

July                 1118          1182                   1210

August            1109          1203                   1170

September     1083           1411                   1251

October           715            973                    930

November         183           230                    278

Totals        9849     11251          12248

October numbers are in between February and March numbers. April closed was the only month that was lower. The 7 months in between is where most of the activity happened.

Now that infrastructure has passed will we see more people moving for jobs?

Contact us

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

If you are thinking about selling it is still a good time to sell.  Buyers are still out there looking, and with inventory down you will not have as much competition.  Request a home valuation and we will give you and estimate of what your home is worth in today’s market.  We will provide you with a net proceeds that shows you and estimate of expenses.  This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home?  You will need to get all your financial information together and get it to a loan officer.   Just calling up and giving your information is not good enough anymore.  You need to get pre approved so you can show the seller, when you do find a home, that you do qualify.  The loan officer will provide you with a letter that shows what you are pre approved for.  This will go with the offer. 

Resources

Check with your loan officer for the current rates that you qualify for.  Your credit will determine the rate you are offered.  If you need to improve your credit ask the loan officer what will help the most for you.

We will guide you throughout the process.  If you need recommendations for loan officers, real estate attorney or home inspectors we will provide you with a few of each and you can decide who you would like to work with.

All data is from our MLS MRED, LLC.

Fox Valley home prices November 6 2021.  Have a great week!  Let us know if you have any questions.

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Kristine Heiman, Designated Managing Broker