Market Update Fox Valley-March 2 2019

Posted on March 2, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 2 2019

Market Update Fox Valley-March 2 2019. Spring market is here! We went into high gear this week. 344 new listings of homes this week compared to 261 last week. January saw 878 new listings of homes, February saw 1,032 and this week 344.

Closed listings this week were also up. 243 this week compared to 120 the week before. Most of those were the end of the month of February. January saw 407 closing for the whole month, February saw 465.

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

Aurora-New 42 $49,900-$429,000 Closed-48 $80,000-$583,000

Batavia-New 13 $199,000-$799,900 Closed-5 $175,000-$717,850

Bolingbrook-New 17 $159,900-$439,900 Closed-16 $179,000-$367,500

Geneva-New 16 $289,000-$725,000 Closed-10 $165,000-$599,900

Naperville-New 80 $255,000-$1,850,000 Closed-32 $225,000-$1,191,800

Oswego-New 12 $194,900-$354,900 Closed-19 $157,000-$515,000

Plainfield-New 37 $169,900-$749,900 Closed-25 $174,000-$565,000

St Charles/Campton Hills-New 29 $219,900-$1,975,000 Closed-15 $195,000-$602,500

West Chicago-New 19 $129,900-$799,000 Closed-12 $108,000-$532,000

Yorkville-New 11 $214,900-$369,500 Closed-8 $191,000-$285,000

If you are thinking about buying or selling this year now is the time! Don’t miss out on Spring market.

Contracts Accepted this Week

Contracts accepted this week were up slightly up. 224 this week compared to 218 last week. There are more homes on the market now to view so these numbers should go up next week. You need to be ready to go just in case you find a home. Your pre-qualifying letter should be no more than 30 days old. If it is, contact your loan officer to update it.

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

Aurora-31 Bolingbrook-18 Geneva-10 Montgomery-10 Naperville-37

Oswego-14 Plainfield-27 St Charles/Campton Hills-13 West Chicago010

Short sales accepted by Sellers were about the same. 2 this week compared to 3 last week. Both of them were in Bolingbrook.

Sellers accepted contracts that are contingent on the Buyer closing on their home before purchasing. 5 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling their current home and closing before purchasing. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 with any questions you have or advise on what you need to do to get your home ready to sell. We can provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when a offer comes in and we know all the terms of the offer.

If you are thinking about buying the first step is to get pre-qualified with a lender to see what type of loan and what price range will work for you so you don’t fall in love with a home that will not work.

Resources for you to check out:

loans and the process
VA loans and the requirements
current interest rates
down payment assistance
Illinois home assistance and some community assistance
school ratings (important to buy in a good school district even if you do not have children)

Market Update Fox Valley-March 2 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Market Update Fox Valley-February 23 2019

Posted on February 23, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-February 23 2019

Market update Fox Valley-February 23 2019. Consistent describes the market this last week. 261 new listings this last week and 265 the week before. The market is increasing as we head into Spring market though. So far January had 878 New listing and February 1,032 and we still have 5 more days to go.

Closed listings this last week were also consistent. 120 this week compared to 118 the week before. January there were 407 closed listings of homes and so far this month there have been 465.

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

Aurora-New 28 $125,500-$515,000 Closed-24 $72,000-$336,250

Batavia-New 11 $200,000-$525,000 Closed-1 $343,000

Bolingbrook-New 14 $177,900-$415,000 Closed-11 $136,500-$390,000

Geneva-New 18 $189,999-$750,000 Closed-4 $200,000-$658,500

Naperville-New 54 $275,000-$2,350,000 Closed-17 $299,423-$1,200,000

Oswego-New 18 $199,900-$1,200,000 Closed-7 $210,000-$469,028

Plainfield-New 31 $185,000-$799,900 Closed-11 $165,000-$465,000

St Charles/Campton Hills-New 25 $269,900-$1,295,000 Closed-11 $215,000-$460,000

Contracts Accepted this Week

Contracts accepted this week were also consistent. 218 this week compared to 224 the week before. January there were 608 contracts accepted and so far February has had 832. It gives you idea of the closings to come.

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

Aurora-29 Batavia-13 Bolingbrook-11 Montgomery-11

Naperville-41 Plainfield-29 St Charles/Campton Hills-22

Short sale contracts accepted this week are still low. 3 this week compared to 6 the week before. 1 each in Bolingbrook, Minooka and Plainfield.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contracts were also accepted by Sellers that are contingent the Buyer still needs to sell and close on their current home before purchasing. 3 with a kick-out clause of 48 hours and 1 with 24 hours.

This is an update of Single-Family homes. If you would like information on attached housing or Multi-units just let us know. We would be happy to give you that information. You can also go to a new prospecting tool that you can access information anytime you like.

Resources

Whether you are thinking of selling or buying a home our goal is to negotiate price and terms that are best.

We can update the value on your home and provide you with a net proceeds so you can see the expenses to sell.

IF you are thinking of buying you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for your situation.

Resources to check out:

Market update Fox Valley-February 23 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-February 16 2019

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

Market Update Fox Valley-February 16, 2019

Market update Fox Valley-February 16 2019. New listings were down this week. 265 this week compared to 325 last week. That puts at 771 for the month so far. January New listings were 878 total so we are only halfway through the month and we have almost met last months total. They will keep picking up as we head into Spring market.

Closed listings were up this week. 118 this week compared to 84 last week. That puts us at 343 for the month so far. January Closed listings were 407 total. We have almost met that total as well. Closed listings should increase 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 32 $118,000-$640,000 Closed-21 $90,000-$440,000

Bolingbrook-New 18 $149,000-$425,000 Closed-12 $138,500-$346,000

Geneva-New 14 $249,900-$779,900 Closed-4 $268,000-$387,000

Montgomery-New 10 $167,000-$309,000 Closed-4 $105,000-$242,500

Naperville-New 68 $225,000-1,050,000 Closed-17 $192,500-$550,000

Oswego-New 11 $230,000-$435,900 Closed-1 $160,000

Plainfield-New 22 $239,900-$625,000 Closed-14 $210,000-$385,000

St Charles/Campton Hills-New 24 $129,500-$1,400,000 Closed-9 $163,000-$760,000

West Chicago-New 11 $159,700-$645,000 Closed-5 $115,000-$320,000

Contracts Accepted this Week

Contracts accepted by Sellers this week were slightly up this week. 224 this week compared to 209 last week. That makes 614 accepted contracts so far this month. There were 608 contacts accepted by Sellers in the month of January. We have already past those totals. This gives you an idea of the closings that will be coming up if they make it through the process of inspections, attorney review and loans getting approved.

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

Aurora-40 Bolingbrook-20 Geneva-11 Montgomery-14

Naperville-32 Plainfield-26 St Charles/Campton Hills-19 Yorkville-11

Short Sales accepted by Sellers this week were 6. Last week there was only 1. 2 were in Bolingbrook & Naperville this week and only 1 each in Montgomery & 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 closing of the Buyers current home. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contingent contracts were also accepted by Sellers that the Buyers still need to sell and close on their current home. 4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. We make it our business to find the perfect fit for your needs.

Now is the time to get your home on the market so you don’t miss out on the best time of the year to sell. Spring market is when it is the busiest of the year.

If you are thinking about buying a home you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for you.

Things to check out:

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

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

New tool to search for homes

Market Update Fox Valley-February 9 2019

Posted on February 9, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-February 9 2019

Marke Update Fox Valley-Kane and Kendall last 10 years — Last 10 years single family homes sold in Kane and Kendall County

Market update Fox Valley-February 9 2019. The first picture is sold single family homes in the last 10 years in Kane and Kendall County. I thought you might be interested to see the trend. Kendall County did not dip in price as low as Kane County did but they are back up there slightly above Kendall County now.

New listings this week were way above last week! 325 this week compared to 181 last week. If you are a buyer you are thrilled that there is so much more to see. Thinking about selling? You better get busy and give us a call so we can get your home on the market. Spring market is starting early this year!

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

Aurora-New 35 $74,900-$624,900 Closed-18 $110,000-$349,900

Batavia-New 10 $259,900-$630,000 Closed-2 $325,000-$445,000

Bolingbrook-New 16 $135,000-$449,000 Closed-8 $143,000-$405,000

Geneva-New 10 $269,000-$1,250,000 Closed-3 $350,000-$475,000

Montgomery-New 20 $114,900-$358,692 Closed-2 $169,900-$265,000

Naperville-New 75 $260,000-$1,950,000 Closed-7 $317,500-$1,015,000

Oswego-New 14 $144,900-$374,900 Closed-3 $155,000-$400,000

Plainfield-New 38 $130,000-$1,300,000 Closed-11 $159,900-$408,950

St Charles/Campton Hills-New 31 $239,900-$1,750,000 Closed-5 $173,500-$572,500

Warrenville-New 10 $174,000-$2,149,000 Closed-2 $233,000-$247,000

Yorkville-New 14 $174,900-$379,990 Closed-4 $255,000-$449,900

Contracts Accepted this Week

Contracts accepted this week were up slightly. 209 this week compared to 181 last week. These numbers will probably really increase next week with all the new listings this week.

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

Aurora-39 Bolingbrook-19 Montgomery-14

Naperville-38 Oswego-11 Plainfield-18

Short sales were the same as last week with only 1 and it was also in Aurora. Just like last week. Now it will get submitted to the lender to see if they will accept it.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home before purchasing. 2 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contract were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 5 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact us

If you are thinking about purchasing a home this year the first step is to get pre-qualified with a loan officer. We can make some recommendations if you do not have one already. They will provide you with a letter showing what you qualify for. That will go with an offer when we find you the right home.

Thinking about selling? Now is the time to get it on the market. Spring market is the best time of the whole year. It is starting early this year.

Things to check out:

Market update Fox Valley-February 9 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

New tool to search for homes https://remine.com/re/bhfvsearch

Market Update Fox Valley-February 2 2019

Posted on February 2, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-February 2 2019

Market update Fox Valley-February 2 2019. New listings were lower this week 181 new listings this week compared to 209 last week. Not too bad with the sub zero temperatures we had for 3 days this week.

Closed listing almost doubled. 141 closing this week compared to 82 last week. Unbelievable that some of these closings still happened with the sub zero temperatures we had for the last 3 days of the month. These people will definitely remember their closing and moving day!

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

Aurora-New 20 $112,000-$440,000 Closed-25 $134,900-$365,000

Bolingbrook-New 11 $162,500-$625,000 Closed-13 $110,000-$405,000

Naperville-New 38 $210,000-$2,850,000 Closed-14 $219,000-$912,356

North Aurora-New 11 $239,000-$449,900 Closed-3 $224,900-$305,000

Oswego-New 10 $218,000-$374,900 Closed-8 $149,000-$680,000

Plainfield-New 16 $219,900-$558,900 Closed-22 $206,000-$652,500

St Charles/Campton Hills-New 17 $140,000-$1,189,000 Closed-8 $116,000-$1,175,000

Yorkville-NEw 10 $215,000-$399,900 Closed-6 $250,000-$446,294

Contracts Accepted this Week

Contracts accepted this week were slightly higher this week. 181 contracts accepted this week compared to 172 last week. Sub zero temperatures did not keep people from making decisions on buying or selling. Applications like Docusign have really helped with getting signatures when it is not possible to get them in person. Some of these might have been postponed because of the weather.

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

Aurora-30 Bolingbrook-16 Naperville-31

Oswego-14 Plainfield-21 St Charles/Campton Hills-11

Short sales were down this week. 1 this week compared to 3 last week. The 1 was in Aurora. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 4 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 4 with a kick-out clause of 72 hours and 4 with 48 hours.

The market is still moving along. Spring market is just around the corner. Now might be the best time to sell with less competition.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether buying or selling a home. We make it our business to find the perfect fit for your needs.

We can update the value of your home in the current market and provide you with a net proceeds that shows the expenses to sell. This will be updated when an offer comes in and we know all the terms. Let you know what you need to do to get your home market ready.

If you are thinking about buying a home you need to talk to a loan officer to get pre-qualified. They will tell you the best type of loan and the price range you should be looking in. The type of loan will determine what condition of the homes you should be looking at.

Things you should check out:

Market Update Fox Valley-February 2 2019. Have a great week!

Kristine Heiman-Manging Broker

Best Homes Fox Valley-Search for a home today!

New tool!!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-January 26 2019

Posted on January 26, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-January 26 2019

Market update Fox Valley-January 26 2019. New listings were not far off of the number last week. 209 new listings this week compared to 224 last week. That is not too bad for the weather we are having. It was a real mild winter up until this week. We are really going to hit the low temperatures next week.

Closed listings were another story. They were way down when they should be going up with the end of the month but the holidays contributed to these low numbers. 82 closed homes this week compared to 115 last week. There is 4 business days next week for the end of the month so we should see higher numbers next week.

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

Aurora-New 19 $85,000-$579,900 Closed-13 $87,500-$480,000

Batavia-New 12 $239,900-$675,000 Closed-4 $248,000-$359,000

Bolingbrook-New 16 $184,900-$699,690 Closed-9 $139,500-$327,000

Geneva-New 16 $234,900-$897,000 Closed-2 $337,500-$510,000

Naperville-New 33 $299,900-$1,449,000 Closed-11 $365,000-$715,000

Plainfield-New 19 $204,900-$441,840 Closed-11 $161,217-$418,900

St Charles/Campton Hills-New 20 $229,900-$900,000 Closed-3 $245,000-$460,000

West Chicago-New 12 $129,900-$472,500 Closed-4 $164,500-$265,000

Contracts Accepted this Week

Contracts accepted this week were down slightly. 172 accepted contracts this week compared to 193 last week. Not too bad with the weather we have been having. People are still ready to get out there and look. It sure helps when Sellers take photos to show what the deck, patio and yard look like without the snow.

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

Aurora-44 Naperville-21 Plainfield-21

Short sales accepted this week were similar to last week. 5 short sales accepted by Sellers this week compared to 5 last week. 1 each in Aurora, Bolingbrook and Montgomery. Now they will be submitted to the lender to see if they will also accept as written.

Sellers accepted contracts this week that are contingent on the closing of the Buyers current property before purchasing. 5 that have a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that are contingent on the Buyers selling and closing on their current home. 3 with a kick-out clause of 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. We will answer the real estate questions that you have. Our goal is to negotiate price and terms that are best whether buying or selling a home. We make it our business to find the perfect fit for your needs.

Spring market is just around the corner. If your home is market ready now might be the best time before you have too much competition. Let us update the value of your home in today’s market. We will provide you with a net proceeds so you know the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about buying a home your fist step is to get pre-qualified with a lender so you know what type of loan and what price range works out best for you. They will provide you with a letter that will go with an offer when you find your home that shows the seller you qualify for their home so they will be comfortable accepting your offer.

Things to check out:

Market Update Fox Valley-January 26 2019. Have a great week!

Krisitne Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com