Fox Valley home prices

Posted on October 23, 2021October 23, 2021 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices

Fox Valley home prices. New listings of single family home were up. 187 this week compared to 171 the week before. Good news, but not nearly enough. Prices will keep increasing until we get enough inventory of homes to meet the demand. School starting always slows things down, but buyers are still looking.

Closed listings of single family homes was also up this week. 245 this week compared to 208 the week before. Next week is the last full week of the month so it should increase.

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

Aurora-New 25 $139,900-$439,900

Closed-33 $90,000-$470,000

Bolingbrook-New 18 $190,000-$485,000

Closed-14 $250,000-$502,000

Geneva-New 6 $270,000-$699,000

Closed-12 $187,500-$795,000

Montgomery-New 9 $179,900-$369,900

Closed-20 $178,000-$385,000

Naperville-New 34 $325,000-$1,549,900

Closed-36 $267,400-$1,300,000

Plainfield-New 22 $245,000-$515,000

Closed-33 $239,900-$540,000

St Charles-New 10 $185,000-$1,100,000

Closed-16 $215,000-$1,339,000

Yorkville-New 9 $247,500-$426,186

Closed-14 $255,000-$465,000

You can click on the picture above and look at the other communities listed to see the price ranges better. You might need to adjust what community you are looking in to find your price range that works out best for you.

Financing, median prices and homes that sold 2,000 square feet or more

Median list price this week was $349,000 last week $350,000. Closed median price was $341,500 this week, and $341,000 the week before. These prices are not fluctuating much from week to week.

Financing really came into play this year. Multiple offer situations changed the game. You needed to be already through the approval process and seller’s chose Cash, of course, first if the price was right and next they chose Conventional financing. It is still their choice today. Take a look.

Conventional financing closed this week 168 with median price of $371,829, last week 131 at $376,077.

Cash closed this week 27 at median price of $343,900, last week also 27 at$324,900

Fox Valley home prices-Conventional and Cash — Conventional and Cash

FHA closed this week 41 at median price of $278,000, last week 35 at median price of $282,000.

VA closed this week 8 at median price of $381,000, last week 15 at $349,000.

Fox Valley home prices-FHA and VA — FHA and VA

Some people are moving up to a larger home that has more bedrooms, family room, basement or room for an office so we decided to add this into the stats.

Single family homes closed with 2,000 square feet or more this week 134 at a median price of $414,000, last week 123 at $409,000. Minimum price closed this week at $291,000, last week at $205,000. This gives you an idea of prices in our area for that size home.

Fox Valley home prices-2000 or more SF — 2,000 Square Feet or more

Contracts accepted this week

Contracts accepted this week by seller’s was down. 223 this week compared to 233 the week before.

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

Aurora-29 Bolingbrook-24

Naperville-33 Oswego-13

Plainfield-27 St Charles-18

Click on the photo to enlarge so you can see other communities.

3 short sales were accepted by seller’s on single family homes. 1 each in Aurora, Plainfield and Sycamore. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 6 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. 1 with a kick-out clause of 72 hours and also 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 563 681 712

Totals 9514 10729 11752

Check back with us every Saturday for the 2021 by the month and at the end of each month we look back at 2020 and 2019 so you can compare and see how the market is going this year.

Every month except April more homes closed than new listings coming on the market.

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 think you might want to sell your home. Let us know a little bit about your home and what has recently been updated and 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 so you can make a good decision.

Thinking about buying a home? Gather all your financial information and get it to a loan officer so they can get you pre approved. Then you will be ready to start looking. You will need to be flexible and go when a home hits the market. It will be gone if you wait until the weekend unless it needs work or over priced.

Resources:

Check with your lender for their current rates. Your credit score will determine the rate you receive.

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

All data used is from our MLS MRED, LLC.

Fox Valley home prices. 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

Fox Valley Market Update August 3 2019

Posted on August 3, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 3 2019

Fox Valley market update August 3 2019. New listings of single family homes were slightly down this week. 328 this week compared to 346 the week before. Did these people want to enjoy their home for 1 more summer before they sell? Maybe that is the case or maybe with the delayed Spring and all the rain we had they finally have their home market ready.

2019 new single family homes listed by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August so far-328

Total-10,633

Closed single family homes were significantly higher this week. 341 this week compared to 253 the week before. 3 days were the end of July when most of those closings probably took place.

Closed listings of single family homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August so far-341

Total-6,591

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

Aurora-New 57 $125,000-$724,900

Closed-42 $85,000-$424,500

Batavia-New 7 $209,900-$434,900

Closed-10 $160,000-$422,500

Bolingbrook-New 27 $129,900-$429,000

Closed-23 $159,000-$429,000

Geneva-New 9 $339,900-$799,000

Closed-11 $205,000-$510,000

Naperville-New 70 $260,000-$1,299,000

Closed-55 $209,000-$1,110,000

North Aurora-New 6 $247,900-$450,000

Closed-10 $165,000-$315,000

Oswego-New 12 $179,900-$1,590,000

Closed-15 $198,000-$405,000

Plainfield-New 34 $169,000-$530,000

Closed-48 $178,900-$606,000

Sandwich-New 6 $164,999-$299,000

Closed-11 $122,500-$259,900

St Charles/Campton Hills-New 23 $205,000-$995,000

Closed-32 $95,000-$773,567

Yorkville-New 12 $125,000-$389,000

Closed-19 $206,000-$565,800

Contracts accepted this week

Contracts accepted this week on single family homes were slightly higher this week. 274 this week compared to 259 the week before.

Contracts accepted on single family homes for 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,90
August so far-274

Total-8,369

So far May has been the busiest month for new listings, closings and contracts accepted. Not all contracts accepted close. Some come back on the market. They either had a home inspection issue that could not be negotiated or buyer could not obtain financing. Sometimes there are other issues that come up. These are times that are most important to have a good REALTOR and good real estate attorney to work through the issues.

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

Aurora-44 Bolingbrook-33 Montgomery-11

Naperville-43 Oswego-14 Plainfield-35

St Charles/Campton Hills-16 West Chicago-10 Yorkville-10

Short sales accepted by Seller’s was exactly the same as the week before. 3 for both weeks. 1 each in Bolingbrook, Montgomery and St Charles/ Campton hills.

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

Contracts were also accepted by Seller’s that are contingent on the Buyer selling and closing on their current home before purchasing. 6 with a kick-out clause of 72 hours and 9 with 48 hours.

Contact us

Call us with all of your real estate questions at 630-503-6555. Our goal is to negotiate price and terms that are best whether buying or selling a home.

If you are thinking about selling we can let you know what you need to do to get your home market ready. Provide you with a net proceeds that will let you know the expenses to sell and what you might walk away with. This will be updated when an offer comes in with all the terms so you can make a decision.

Thinking about purchasing? You need to talk to a loan officer to get pre-qualified to find out the type of loan and what price range will work for you.

Check out some resources:

Fox Valley market update August 3 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

Check out a different way to search that allows you to see a bird’s eye view and also has a chat feature to ask questions or to let us know you want to schedule a showing. If you are not sure how to navigate it I can do a screen share to guide you through it.

Fox Valley Market Update June 1 2019

Posted on June 1, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 1 2019

Fox Valley market update June 1 2019. New listings of single family homes were down this week. 359 this week compared to 402 the week before. Holidays do have an impact. It was a shorter week with Memorial Day on Monday this last week. Most schools are now out so things will get back to normal.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004

Closings this week of single family homes were up this week. 296 this week compared to 236 the week before. End of the month is when most buyer’s want to close.

Closings of single family homes in 2019 by the month:

January-407
February-465
March-915
April-790
May-1,095

May has turned out to be the best month so far for new listings and the amount of closings in the Fox Valley. We are looking forward to starting a new month!

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

Aurora-New 38 $130,000-$925,900 Closed-38 $78,000-$420,000

Batavia-New 18 $215,000-$599,000 Closed-8 $249,900-$630,000

Bolingbrook-New 25 $175,000-$529,000 Closed-16 $161,000-$586,000

Geneva-New 14 $299,000-$949,900 Closed-10 $181,000-$2,100,000

Montgomery-New 14 $179,900-$325,000 Closed-20 $141,000-$303,000

Naperville-New 77 $310,000-$999,000 Closed-50 $241,000-$2,374,029

Oswego-New 15 $192,000-$944,000 Closed-15 $100,000-$940,001

Plainfield-New 40 $194,999-$620,000 Closed-30 $148,000-$425,000

St Charles/Campton Hills-New 32 $185,000-$1,095,000 Closed-23 $180,000-$774,000

West Chicago-New 11 $209,900-$699,900 Closed-10 $179,900-$420,000

Yorkville-New 13 $223,000-$549,900 Closed-12 $156,000-$485,000

Contracts accepted this week

Contracts accepted of single family homes this week were down. 285 this week compared to 333 the week before. Now that the holiday is over things should get back to normal.

2019 contracts accepted of single family homes by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665

The end of June and into July should have a good number of closings. May is the best month so far for activity in the Fox Valley.

Take a look at the communities that seller’s accepted the most contracts:

Aurora-39 Bolingbrook-23 Montgomery-15 Naperville-50

Oswego-23 Plainfield-37 St Charles/Campton Hills-25

Accepted contracts on short sales of single family homes was also down. 2 this week compared to 4 the week before. There was 1 each in Montgomery and Naperville.

Contracts were accepted on homes that are contingent on the buyer closing on their current home. 9 with a kick-out clause of 72 hours, 19 with 48 hours and 5 with 24 hours.

Seller’s also accepted contracts on homes that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 6 with 48 hours and 1 with 24 hours.

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.

Now that school is out it is a great time to get your home on the market. Hopefully we are coming to the end of all the rain we have been having so you can get your yard and flower beds in shape to welcome buyers.

Resources to check out:

Fox Valley market update June 1 2019. Have a great week! Let us know what questions you have.

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

Try a different way of searching. Click on the satellite view so you can see if the home has a yard, is on a corner lot or any other homes for sale there and how much.

Fox Valley Market Update May 11 2019

Posted on May 11, 2019May 11, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 11 2019

Fox Valley market update May 11 2019. New single family homes listed this week are very consistent. 402 this week compared to 403 the week before., You can’t get more consistent than that! Spring market continues to be strong.

Year to date by the month of new listings of single family homes:

January-878
February-1,032
March-1,731
April-1,594
May so far-805

Closed listings of single family homes this week were lower than last week. 212 this week compared to 301 the week before. We are in the beginning of the month so this is to be expected. Closed listings will increase as we head to the end of the month.

Year to date by the month of closed listings of single family homes:

January-407
February-465
March-915
April-790
May so far-513

Take a look at the activity this week:

Aurora-New 48 $121,900-$995,000 Closed-36 $59,500-$433,000

Batavia-New 10 $229,000-$529,000 Closed-5 $165,000-$575,000

Bolingbrook-New 38 $137,900-$599,900 Closed-14 $136,500-$401,000

Geneva-New 23 $190,500-$1,299,000 Closed-3 $220,000-$320,000

Montgomery-New 25 $157,000-$320,400 Closed-5 $220,000-$297,000

Naperville-New 90 $244,000-$2,995,000 Closed-41 $130,000-$960,000

Oswego-New 19 $174,000-$549,900 Closed-13 $180,000-$416,903

Plainfield-New $40 $151,000-$549,900 Closed-27 $150,000-$727,000

Plano-New 10 $155,000-$316,000 Closed-4 $68,700-$244,000

St Charles/Campton Hills-New 35 $199,000-$1,349,000 Closed-16 $167,000-$772,000

West Chicago-New 10 $224,900-$400,000 Closed-6 $110,000-$540,000

Yorkville-New 13 $239,000-$364,900 Closed-6 $209,500-$335,000

Contract accepted this week

Contracts accepted this week were slightly off of the week before. 302 this week compared to 338 the week before. It was another rainy week. I don’t know if that contributed to it but we are tired of the rain. Next week it looks like only Wednesday will be raining, It is a good time to look at homes when it is raining though to see if there are any leaks or water in basements. So rain sometimes is a good time to look at homes.

Here are the communities that Sellers accepted the most contracts this week:

Aurora-35 Batavia-17 Bolingbrook-23 Geneva-12

Montgomery-12 Naperville-48 Oswego-23 Plainfield-33

St Charles/ Campton Hills-31 Yorkville-10

Year to date by the month of contracts accepted:

January-608
February-832
March-1,375
April-1,307
May so far-640

Short sales accepted are staying consistent. 4 this week compared to 3 the week before. Now they will be submitted to the lender to see if they will also accept as written. 1 each in Bolingbrook, Geneva, St Charles/Campton Hills and West Chicago.

Sellers also accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

Contracts 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

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 selling or buying a home.

Information to check out:

Now is a great time to sell or purchase a home. Many lenders are coming up with new loan programs and they also help out with down payment so it is good to check with them. They also help you with bringing up your credit score so you can hopefully get a better interest rate. Let us know what questions you have.

Fox Valley market update May 11 2019. Have a great week!

Kristine Heiman-Mananging Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Check out this search tool. If you click on the satellite view you can see where a home for sale is within a neighborhood, if it has a backyard or is fenced in. You can also see what else is for sale and the prices. Let us know how you like it.

Fox Valley Market Update-April 20 2019

Posted on April 20, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update-April 20 2019

Fox Valley market update-April 20 2019. New listings of single family homes this week were way down. 341 this week compared to 433 the week before. This is most likely due the the holiday. They might want to wait for showings to start after the holiday because of going out of town or company coming into town.

New listings by the month so far:

January-878
February-1,032
March-1,731
April so far-1,189

Closings were slightly up this week. 208 this week compared to 174 the week before. We are getting closer to the end of the month so these numbers will rise as we head closer to the end of the month.

Closings by the month so far:

January-407
February-465
March-915
April so far-582

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

Aurora-New 48 $65,700-$609,600 Closed-35 $100,000-$395,000

Bolingbrook-New 27 $154,000-$389,900 Closed-12 $147,000-$365,000

Geneva-New 11 $185,000-$750,000 Closed-8 $255,000-$459,000

Naperville-New 55 $232,500-$1,999,000 Closed-44 $245,000-$1,080,000

Oswego-New 22 $190,000-$429,900 Closed-14 $190,000-$381,000

Plainfield-New 46 $159,900-$997,000 Closed-24 $132,500-$480,000

St Charles/Campton Hills-New 34 $189,000-$899,900 Closed-14 $151,000-$520,000

West Chicago-New 12 $200,000-$514,999 Closed-6 $235,000-$500,000

Yorkville-New 14 $210,000-$524,750 Closed-6 $214,900-$373,900

Contracts Accepted this Week

Contracts accepted this week were very consistent. 341 this week compared to 346 the week before. That is good news!

Contracts accepted so far by the month:

January-608
February-832
March-1,375
April so far-996

Fox Valley market is steadily improving. It is still a great time to get your home on the market!

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

Aurora-36 Bolingbrook-25 Geneva-19

Montgomery-16 Naperville-73 Oswego-20

Plainfield-41 St Charles/Campton Hills-27 Yorkville-11

Short sales accepted by Sellers was slightly up this week. 7 this week compared to 5 last week. We are happy to see this numbers remain low. This week there were 3 accepted in Naperville, 2 in Aurora and 1 each in Bolingbrook and Sheridan.

Contracts were also accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing. 7 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

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

Contact us

Your first step if you are thinking about purchasing is to get in touch with a loan officer to get pre-qualified. They will let you know what price range you should stay in and what type of loan will work out best for you. If you have not considered buying a home because the rules have been too strict for your situation it is worth your time to call to see. New loans with assistance and no documentation loans are now available. Do you need a recommendation for a loan officer to contact? Just let us know and we will make some recommendations.

If this is the year you are thinking about selling now is the best time of the year to sell. We will update your market value and provide you with a net proceeds that shows an estimate of expenses so you know where you are at. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Resources to check out:

Fox Valley market update-April 20 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

A new search tool that you should take a look at. I like this one because you can see a bird’s eye view and see if the home has a backyard, on a corner lot or what else is for sale in the neighborhood and the prices.

Fox Valley Market Update-April 13 2019

Posted on April 13, 2019April 13, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update-April 13 2019

Fox Valley market update-April 13 2019. Spring market is humming along. New listings of single family homes is up this week. 433 new homes on the market compared to 415 the week before.

April is usually the best month of the year to sell your home. Don’t miss out on this opportunity if you are thinking about making a move this year.

Take a look at the new listings of home so far this year:

January-878
February-1,032
March-1,731
April so far-848

Buyers that are looking to purchase a home over $200,000 have a good selection to choose from. Under that price is still kind of hard to find. You might need to expand the areas that you are looking at.

Closed listings of homes is down this week. 174 this week compared to 202 the week before. This is not unusual. The last week of the month is when you will see the most.

Look at the year so far of closed listings of homes:

January-407
February-465
March-915
April so far-374

If your home sold today you are looking at the end of May or beginning of June for a closing if the buyer is getting loan.

Here is the communities with the most activity this week and price range:

Aurora-New 47 $99,900-$995,000 Closed-33 $81,000-$499,900

Batavia-New 13 $209,900-$695,000 Closed-5 $199,900-$972,000

Bolingbrook-New20 $119,000-$449,000 Closed-13 $130,000-$400,000

Geneva-New 27 $279,108-$849,900 Closed-8 $314,000-$450,000

Montgomery-New 13 $160,000-$289,900 Closed-6 $165,000-$310,000

Naperville-New 115 $229,900-$2,500,000 Closed-30 $220,000-$1,130,000

Oswego-New 17 $227,000-$495,000 Closed-8 $235,000-$353,000

Plainfield-New 49 $129,000-$679,900 Closed-26 $175,000-$638,500

St Charles/Campton Hills-New 43 $139,900-$2,499,900 Closed-8 $187,000-$685,000

Sugar Grove-New 11 $199,900-$729,900 Closed-3 $190,000-$287,000

Sycamore-New 10 $140,000-$339,900 Closed-4 $61,000-$268,000

Yorkville-New 16 $214,900-$1,100,000 Closed-4 $177,000-$310,000

Contracts Accepted this Week

Contracts accepted by Sellers this week were up. 346 this week compared to 309 the week before. Buyers have more to choose from so these numbers will go up. Now is the time to get serious about looking for a home. Make sure you are pre-qualified and it is up to date. Your pre-qualification letter should be dated no more than 30 days or you will need to get it updated with your loan officer.

Here is a look at the numbers of the contracts that have been accepted so far this year:

January-608
February-832
March-1,375
April so far-655

Here are the communities that have had the most contracts accepted by Sellers this week:

Aurora-44 Batavia-10 Bolingbrook-31

Montgomery-15 Naperville-56 Oswego-22

Plainfield-52 St Charles/Campton Hills-34 Yorkville-11

Short sales this week were exactly the same as last week. 5 for both weeks. This week there were 2 each in Bolingbrook and St Charles/Campton Hills. 1 in Montgomery.

Sellers accepted contracts that are contingent on the Buyer closing on their current home before purchasing. 5 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 3 with a kick-out clause of 72 hours, 1 with 48 hours and 2 with 24 hours.

Contact us

If you need recommendations for a real estate attorney, home inspector, loan officer or information about Radon we will be happy to provide ones we have successfully worked with.

Resources for you to check out:

Fox Valley Market update-April 13 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

Here is a different search tool that will let you see a birds eye view of homes so you can see if it has a back yard, on a corner lot or what else is for sale in the neighborhood. Try it out and email us and let us know how you like it.

Market Update Fox Valley-March 9 2019

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

Market Update Fox Valley-March 9 2019

Market update Fox Valley-March 9 2019. Spring market is here and pretty consistent so far. 327 new listings of homes this week compared to 344 last week.

January total new listings of homes-878
February-1,032
March so far 671

We are only 9 days into March and look at it compared to January. We are on our way at passing up the totals for February as well.

Closed homes this week were down but that is to be expected with the beginning of the month. 131 this week compared to 243 last week.

January closed homes-407
February-465
March so far 374

The numbers should increase as the month continues. You do not want to miss this market if you are wanting to sell this year. It is time to get your home on the market.

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

Aurora-New 32 $132,000-$585,000 Closed-25 $80,000-$385,000

Batavia-New 13 $210,000-$875,000 Closed-4 $219,000-$475,000

Bolingbrook-New 22 $134,900-$539,000 Closed-9 $155,000-$325,000

Geneva-New 13 $239,000-$819,900 Closed-7 $255,000-$363,500

Naperville-New $84 $289,900-$1,569,000 Closed-21 $295,500-$955,000

Oswego-New 22 $172,500-$1,000,000 Closed-6 $212,000-$725,000

Plainfield-New 36 $159,900-$695,000 Closed-13 $154,100-$540,000

St Charles/Campton Hills-New 28 $100,000-$3,895,000 Closed-7 $275,000-$1,000,000

Contracts Accepted this Week

Contracts accepted this week were higher than last week. 267 this week compared to 224 last week. Increased inventory really helped with these numbers this week.

January contracts accepted 608
February 832
March so far 491

We are definitely passing up January numbers and are already passed the halfway mark with February numbers. March should be a fantastic month if new homes continue to come on the market. Inventory of homes to show buyers has been an issue for the last couple of years.

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

Aurora-44 Bolingbrook-24 Montgomery-13 Naperville-54

Oswego-13 Plainfield-25 St Charles/Campton Hills-18

Short sale contracts accepted this week by Sellers increased this week. 8 this week compared to 2 last week. 1 each in Aurora, Bolingbrook, North Aurora, Plano, St Charles/Campton Hills and Sugar Grove. 2 in Montgomery.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 5 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101

Are you thinking about selling? We will update the value of your home for 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.

Thinking about buying a home? Your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best. They will provide you with a letter showing what you are pre-qualified for and that will go with an offer when you find the right home.

Resources to check out:

loans and the process
VA loans and the requirements
current interest rates
down payment assistance
Illinois home assistance and some communities
school ratings (important even if you will not have kids in school)

Market update Fox Valley-March 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

630-503-6555

besthomesfv@gmail.com

New tool to search you can see a birds eye view of the home and neighborhood so you can see where it is within the block.

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

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