Market update Fox Valley April 18 2020

Posted on April 18, 2020April 18, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley April 18 2020

Market update Fox Valley April 18 2020. New listings were slightly higher this week. 178 new listings of single family homes compared to 168 the week before. We are heading in the right direction slowly. This should increase as more people get used to our new normal way of doing things. Sellers might even like this market better because I think it has slowed down the showings that are not seriously looking for your type of home.

Closed listings were consistent this week. 182 closing on single family homes this week compared to 180 the week before. You can’t get more consistent than that. They should go up as we head into the end of the month when most buyers like to close.

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

Aurora-New 19 $149,000-$924,900

Closed-25 $90,000-$580,000

Bolingbrook-New 9 $168,108-$445,000

Closed-16 $163,000-$435,000

Geneva-New 10 $207,000-$437,500

Closed-12 $232,500-$622,000

Naperville-New 47 $275,000-$2,250,000

Closed-39 $170,000-$1,099,000

Oswego-New 11 $199,000-$515,000

Closed-7 $162,900-$364,900

Plainfield-New 20 $243,500-$730,000

Closed-26 $154,000-$540,500

St Charles/Campton Hills-

New 11 $234,900-$744,900

Closed-13 $248,000-$555,000

Contract accepted this week

Market update Fox Valley April 18 2020-Contracts accepted this week — Single Family Homes

Contracts accepted by sellers this week were just under 8% higher this week. 190 contracts accepted compared to 176 the week before. This is also going in the right direction. We hope to see this continue.

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

Aurora-26 Bolingbrook-21

Montgomery-10 Naperville-28

Oswego-16 Plainfield-31

St Charles/Campton Hills-11

Some homes are allowing showings and others are by virtual tour.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 440 608 538

At the end of the month check back with us and we will compare to last 2 years so you can see the changes.

Contact us

Call us at 630-503-6555 ext 101 with all of your real estate questions. Your goal is our goal.

Covid-19 has changed the way we do business. There are so many reasons people need to buy and sell a home that is why they have classified us as an “essential business.” Some homeowners are allowing showings and others are not. Some want virtual showings only. Your needs are what is important to us.

We can do video meetings and you can show us around your home so we can do a market analysis to update the value of your home. We will provide a net proceeds that shows the expenses of selling your home so you have an idea where you are at. This will be updated when an offer comes and we know all the terms.

Are you looking to buy a home? You need to get pre-qualifed with a loan officer. It is even more important now to see what type of loan and the price range you need to be in. Things are changing with some lenders. They will keep you up to date with all changes.

Check out some great resources:

Home inspections and closings are a little different right now. You used to be able to go in with the home inspector so they coud show you how to maintain the home while they go through. Now just the home inspector goes in. They will still give you a report and can go over things with you.

Closings are done differently with each title company. We can let you know once a title company is chosen how they are doing things.

Market update Fox Valley April 18 2020. Have a great week! Stay safe and healthy while we go through this health event.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

We are working remotely at this time. You can reach us anytime though.

630-503-6555 ext 101

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 April 4 2020

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

Market update Fox Valley April 4 2020

Market update Fox Valley April 4 2020. New listings this week were almost the same as the week before. 194 this week compared to 192 the week before. That is consistent even through a pandemic.

Closed listings in the Fox Valley were up slightly over 20% this week. 246 this week compared to 204 the week before. I bet most of those occurred on Monday and Tuesday the last days of March.

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

Aurora-New 24 $109,900-$829,900

Closed-27 $100,000-$475,000

Bolingbrook-New 16 $207,000-$425,000

Closed-22 $122,500-$360,000

Geneva-New 6 $269,000-$475,000

Closed-11 $315,000-$475,000

Montgomery-New 6 $214,900-$299,600

Closed-13 $176,000-$305,000

Naperville-New 34 $259,900-$3,988,866

Closed-34 $320,000-$1,120,000

Oswego-New 13 $159,000-$539,900

Closed-14 $160,000-$465,000

Plainfield-New 25 $224,500-$699,000

Closed-33 $180,000-$426,900

St Charles/Campton Hills-

New-15 $123,900-$949,900

Closed-17 $220,000-$730,000

Yorkville-New 14 $169,900-$610,810

Closed-19 $215,000-$467,500

Contracts accepted this week

Contracts accepted this week were right on target with last week. 172 this week compared to 179 the week before. We love consistency!

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

Aurora-20 Bolingbrook-13

Naperville-21 Oswego-10

Plainfield-28 Yorkville-11

3 short sales were accepted by sellers this week. 2 in Yorkville and 1 in Bristol. 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. 8 with a kick-out clause of 72 hours, 18 with 48 hours and 1 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 194 246 172

At the end of each month I will show the previous 2 years so you can see how we are doing.

Contact us

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

Our industry is classified as “essential” but things have changed. No open houses during this time. We are encouraging virtual showings. Yes it is hard to get the feeling of a home by pictures or a video. We all have seen wonderful pictures of a home and get there and the pictures looked so much better than it actually was. They are even suggesting that we have the owners take the pictures or video so we don’t even enter the home. You will need to look more closely at the amount of space to see if it fits your needs. You can drive by and look from the outside and see if you like the setting. Some owners are still allowing showings.

You can still order a home inspection but they are doing it and then giving you a report. It was nice when you could go through it with them and they could show you how to maintain the home. They do provide a lot of that information in the report though.

We are doing video meetings now so we can still go over everything with you and answer your questions.

Talking to your loan officer is very important during this time. They will explain the things that have changed on their end. If you were pre-qualified before you might need to get it updated now.

Closings have also changed. Some title companies want the sellers to sign all documents with your attorney before closing day. Some are still having the buyers come in to sign document and others have “curbside closings.” They set up a time with you and you pull up to the office and they come out and get your identification and leave the package of documents for you to sign. They come back out when you are finished and they pick up the package and make sure everything is signed. Us REALTORS® are not able to go to closings during this time. They don’t want anyone there that does not need to sign paperwork.

People still have a need to buy and sell their homes for so many different reasons. We want to be there for you to help get through this time.

Check out some great resources:

Market update Fox Valley April 4 2020. Have a great week! Stay safe and wash your hands.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley March 28 2020

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

Market update Fox Valley March 28 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

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

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

Contracts accepted this week

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

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

Aurora-24 Bolingbrook-14

Naperville-22 Plainfield-30

St Charles/Campton Hills-18 Yorkville-12

No short sales were accepted by sellers this week.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 17 with a kick-out clause of 72 hours,6 with 48 hours and 3 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1,105 566 858

February 1,267 529 1,024

March 1,186 707 1,079

Now take a look at the previous 2 years to compare

2019

Month New Closed Contracts accepted

January 878 407 568

February 1,032 463 832

March 1,731 915 1,375

2018

Month New Closed Contracts accepted

January 808 489 606

February 1,040 444 856

March 1,549 907 1,564

Contact us

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

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

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

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

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

Check out these great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

Market update Fox Valley March 21 2020

Posted on March 21, 2020March 22, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley March 21 2020

Market update Fox Valley March 21 2020. New listings were down a little over 28% this week. 257 this week compared to 360 the week before. Is this due to Covid-19? We are not sure yet. Illinois Governor just imposed “stay at home” starting today at 5 pm. We are classified as “essential services” so we are still working. We are asking our sellers if they still want to show their homes at this time. Some do and some want to wait.

Closings are up almost 34% this week. 190 this week compared to 142 the week before. We are getting closer to the end of the month so that is to be expected. Some title companies are offering curbside closings for buyers. Others are wanting only the people that need to sign papers come to closing. They clean everything in the room and use new pens for each closing. Sellers a lot of times these days, go in a few days before closing and sign documents with their attorney and give them power of attorney for anything else that needs to be signed on closing day. They have been doing this for quit some time. This is not new. Most closings it is just the buyers there and attorneys.

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

Aurora-New 33 $85,000-$599,900

Closed-33 $82,500-$516,900

Batavia-New 5 $265,000-$368,900

Closed-11 $180,000-$449,900

Bolingbrook-New 19 $175,000-$708,900

Closed-12 $181,100-$340,000

Geneva-New 13 $289,900-$499,900

Closed-4 $282,000-$354,000

Montgomery-New 9 $132,000-$284,900

Closed-17 $156,000-$365,610

Naperville-New 55 $250,000-$924,900

Closed-24 $242,000-$890,000

Plainfield-New 33 $207,000-$899,000

Closed-19 $173,000-$327,000

St Charles/Campton Hills-

New 17 $212000-$829,000

Closed-10 $265,000-$825,000

Yorkville-New 10 $225,000-$369,900

Closed-10 $165,000-$400,000

Contracts accepted this week

Contracts accepted this week were down 17 1/2% this week. 286 this week compared to 347 the week before. Showings started slowing down as the week went on. We will just have to see how this next week goes. Some sellers are still showing their homes and some are not.

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

Aurora-48 Batavia-13

Bolingbrook-25 Geneva-14

Naperville-45 Oswego-18

Plainfield-26 St Charles/Campton Hills-23

West Chicago-16

5 short sales were accepted by sellers this week. 2 in Batavia and 3 in Bolingbrook. 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. 13 with a kick-out clause of 72 hours, 18 with 48 hours and 5 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 7 with 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 994 503 900

Check back next Saturday to see how this next week goes.

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.

Do you need an update of the value of your home in today’s market? We will provide you with a net proceeds that shows 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 buying a home this year you need to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you.

Check out some great resources:

We are in different times right now. Whether going to look at homes or showing your home we need to keep social distancing and other preventative measures. You might want to check the CDC site for recommendations. If you have legal questions please contact your attorney to answer your questions. We can not give legal advice.

Market update Fox Valley March 21 2020. Have a great week! Wash your hands.

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-65655 ext 101

besthomesfv@gmail.com

Market update Fox Valley-March 14 2020

Posted on March 15, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-March 14 2020

Market update Fox Valley-March 14 2020. New listings of single family homes went down this week slightly over 4.5%. 360 this week compared to 377 the week before. Not too bad.

Closings this week on single family homes also went down just under 17%. These numbers will go up as we get closer to the end of the month.

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

Aurora-New 42 $52,900-$799,900

Closed-24 $91,000-$410,000

Bolingbrook-New 19 $160000-$639,000

Closed-11 $151,500-$315,000

Geneva-New 30 $232,000-$750,000

Closed-3 $375,000-$669,000

Montgomery-New 12 $239,900-$301,990

Closed-1 $137,500

Naperville-New 69 $249,000-$1,695,000

Closed-22 $248,000-$959,000

North Aurora-New 10 $199,900-$424,988

Closed-2 $310,000-$358,000

Oswego-New 24 $209,500-$598,000

Closed-7 $199,000-$414,900

Plainfield-New 45 $209,900-$975,000

Closed-24 $161,700-$450,000

St Charles/Campton Hills-

New-23 $189,900-$624,999

Closed-11 $121,200-$1,035,000

West Chicago-New 11 $209,900-$550,000

Closed-3 $230,000-$272,000

Yorkville-New 11 $144,900-$425,000

Closed-1 $269,000

Contracts accepted this week

Market update Fox Valley-March 14 2020-Accepted contracts this week — Single Family Homes

Contracts accepted this week on single family homes went up just under 30%. 347 this week compared to 267 the week before. We are definitely in Spring market.

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

Aurora-52 Batavia-11

Bolingbrook-28 Geneva-14

Montgomery-12 Naperville-69

Oswego-19 Plainfield-40

St Charles/Campton Hills-18 West Chicago-12

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

Sellers accepted contracts that are contingent on the closing of the buyers current home. 14 with a kick-out clause of 72 hours, 19 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on selling and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and also 3 with 24 hours.

This shows that sellers are confident in this market.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 737 313 614

If March continues the way it is so far, we should double February numbers.

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.

Now is a great time to sell! 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 the expenses to sell. When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home this year? Talking to a loan officer to get pre-qualified is your first step. They will let you know the type of loan and the price range that will work out best for you.

If you need recommendations of loan officers, real estate attorneys, home inspectors we can give you names and phone numbers to contact to see who you would like to work with.

Check out some great resources:

Market update Fox Valley-March 14 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-March 7 2020

Posted on March 7, 2020March 7, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-March 7 2020

Market update Fox Valley-March 7 2020. New listings of single family homes were up 22% this week. 377 this week compared to 309 the week before. Spring market is in full swing so don’t wait! Now is the time to get your home on the market.

Closed listings were down about 17% this week. 171 this week compared to 208 the week before. That is the difference between the beginning of the month and the end of the month. These numbers will increase as we get towards the end of the month.

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

Aurora-New 39 $89,900-$924,900

Closed-37 $105,000-$489,900

Batavia-New 16 $222,000-$565,000

Closed-4 $270,000-$510,000

Bolingbrook-New 25 $169,900-$750,000

Closed-13 $130,000-$407,500

Geneva-New 14 $249,000-$719,000

Closed-3 $330,000-$455,000

Montgomery-New 10 $179,000-$294,900

Closed-6 $185,000-$289,900

Naperville-New 77 $199,900-$2,850,000

Closed-22 $289,900-$1,135,000

Oswego-New 20 $185,000-$677,000

Closed-11 $231,000-$315,000

Plainfield-New 41 $149,900-$1,200,000

Closed-20 $125,000-$529,000

Plano-New 10 $147,500-$399,900

Closed-2 $195,000-$319,000

St Charles/Campton Hills-

New-32 $159,000-$1,279,000

Closed-11 $210,000-$650,000

West Chicago-New 15 $187,900-$539,900

Closed-6 $147,184-$395,000

Yorkville-New 20 $144,900-$524,900

Closed-9 $205,000-$520,000

Contracts accepted this week

Contracts accepted this week were down about 11%. 267 this week compared to 303 the week before. We are having gorgeous weather this weekend going into next week so these numbers should go up next week. Also, there is a bigger range of priced homes that were listed this week. That will help a wider range of buyers to find a home.

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

Aurora-3 Batavia-1

Bolingbrook-17 Geneva-17

Montgomery-10 Naperville-45

Oswego-16 Plainfield-39

St Charles/Campton Hills-20

4 short sales were accepted by sellers this week. 1 each in Batavia, Bolingbrook, Plano and Yorkville. Now they will be submitted to the lender to see if they will also accept. We are happy that short sales remain low.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 8 with a kick-out clause of 72 hours, 9 with 48 hours and 3 with 24 hours.

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

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 377 171 267

At the end of the month I will compare it to the last few years so you can see how the market changes from year to year.

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.

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 and your equity. This will be updated when we get an offer on your home and we know all the terms so you can make a good decision.

Thinking about buying a home this year? Your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work out best for you. If you need recommendations we would be happy to give you a few loan officers to contact to see who you want to work with.

Check out some great resources:

If there is other information you are looking for just let us know and we will try to point you in the right direction. Spring market is a very exciting time of year. You need to be available and ready to go when a home comes on the market so you don’t miss out on it. So get your taxes done and keep all your information in a folder so it is ready if you need it.

Market update Fox Valley-March 7 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 29 2020

Posted on February 29, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-February 29 2020

New listings are slightly down this week. 309 this week of single family homes compared to 318 the week before. Not too bad but it is going in the wrong direction. We need new listings. Spring market is here so get your property market ready and let’s get it on the market.

Closed listings are up 87% from the week before. 208 closed listings of single family homes compared to 111 the week before. It is the end of the month. This is a dramatic way to show you the difference. Buyers want to close at the end of the month so they bring less interest to closing. They want to come into closing with the least amount of money to close.

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

Aurora-New 28 $100,000-$574,900

Closed-31 $80,000-$398,000

Batavia-New 14 $230,000-$729,900

Closed-10 $219,900-$628,424

Bolingbrook-New 19 $199,000-$789,000

Closed-25 $97,500-$412,500

Geneva-New 10 $235,000-$1,120,000

Naperville-New 73 $289,000-$1,899,000

Closed-28 $272,000-$1,399,888

Oswego-New 23 $184,900-$449,900

Closed-15 $192,000-$375,000

Plainfield-New 29 $210,000-$549,900

Closed-27 $139,650-$455,000

St Charles/Campton Hills-

New 28 $199,900-$1,150,000

Closed-20 $67,500-$689,653

Yorkville-New 20 $200,000-$614,900

Closed-10 $169,050-$446,500

Contracts accepted this week

Contracts accepted this week were up just under 10%. 303 accepted single family homes this week compared to 276 the week before. This is good news and if the new listings of single family homes continue to come on the market this will continue to go up. We still are dealing with an inventory problem. There is not enough homes on the market for the buyers that are wanting to find a home.

Look at the communities that sellers accepted the most contracts:

Aurora-42 Bolingbrook-18

Geneva-16 Montgomery-21

Naperville-48 Oswego-15

Plainfield-47 St Charles/Campton Hills-22

Yorkville-17

5 short sales were accepted this week by sellers. 2 in Plainfield and 1 each in Elburn, Winfield 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. 9 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also sellers accepted contracts this week that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

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

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

Now take a look back to 2019

January 878 407 568

February 1032 463 832

Take a look at 2018

January 808 489 606

February 1040 444 856

We are headed in the right direction.

Contact us

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

Spring is here already so don’t wait to put your home on the market. You don’t want to miss the busiest time of the year. Let us update the value of your home in today’s market. We will provide you with a net proceeds that shows you the estimated expenses to sell so you will have an idea of what kind of equity you have to work with. This will be updated when an offer comes in and we know all the terms so you will be able to make a good decision.

Thinking about buying a home this year? After you have talked to a loan officer and pre-qualifed let us know the price range and type of loan that will work out best for you and we will help you find the home that meets your goals. Let us know the vision of the home that you are looking for and what towns you would like to look. You need to be ready to go when a listing comes up so you don’t miss out.

Check out some great resources:

Let us know if there is other information you are looking for. We are happy to point you in the right direction. If you need recommendations for real estate attorneys or home inspectors once you find a home or you get a contract accepted on your home we can give you a few to contact so you can make the decision who to work with.

Market update Fox Valley-February 29 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 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 15 2020

Posted on February 15, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley-February 15 2020

Market update Fox Valley-February 15 2020. New listings of single family homes was down 14.49% this week. 295 this week compared to 345 the week before. We are definitely going in the wrong direction. Inventory is low already. I hope it picks up this week.

Closed listings were up 25.81% this week. 117 closed single family homes this week compared to 93 the week before. These numbers will increase as we get closer to 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 34 $99,000-$488,500

Closed-17 $107,000-$332,500

Bolingbrook-New 13 $169,900-$339,900

Closed-11 $146,000-$429,000

Geneva-New $264,900-$819,000

Closed-3 $256,000-$329,000

Montgomery-New 10 $199,900-$317,000

Closed-7 $152,201-$284,000

Naperville-New 78 $289,000-$2,149,900

Closed-14 $247,000-$895,000

Oswego-New 25 $239,900-$529,900

Closed-5 $197,000-$329,900

Plainfield-New 31 $159,000-$519,900

Closed-21 $219,900-$790,000

St Charles/Campton Hills-

New-22 $249,900-$775,000

Closed-12 $81,250-$2,825,000

Contracts accepted this week

Contracts accepted this week are up 5.8%. 237 this week compared to 224 the week before. Not much of an increase. Weather might of been a factor for this week. We did get snow and very cold temperatures. We have been very lucky this winter. It has been pretty mild.

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

Aurora-28 Bolingbrook-21

Naperville-38 Oswego-17

Plainfield-32 St Charles/Campton Hills-21

Sycamore-11 Yorkville-11

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

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

Also contracts were accepted by sellers that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 48 hours and 2 with 24 hours.

2020 activity by the month

Month New Closed Contracts accepted

January 1105 566 858

February 640 210 445

We are half way through the month and new listings and contracts accepted are on track to pass up the totals of January. Usually January and February are slower months but this year with the mild temperatures people are not waiting for Spring market. They know once Spring market hits they will have more competition. Now is a great time to be a seller!

Contact us

Call us at 630-503-6555. Your goal is our goal. We will do everything we can to help you reach your goal whether you are a buyer/seller of both.

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

Thinking about buying this year? You need to contact a loan officer to get pre-qualified so you know the price range and type of loan that will work out best for you. Need recommendations? We can provide you with a few to contact so you can decide who best to work with.

Check out some great resources:

Let us know what questions you have. We will guide you through the process every step of the way.

Market update Fox Valley-February 15 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

Here is another way to search for a home. You can change to satellite view and it also has a chat feature.