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.

12-28-19 Market Update Fox Valley

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

12-28-19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

Contracts accepted this week

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

Look at the communities with the most contracts accepted:

Aurora-14 Naperville-15 Plainfield-15

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

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

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

2019 by the month

Month New Closed Contract accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 496 661 497

Total 15.488 10,763 12,287

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

Contact us

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

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

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

Check our some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

12 21 19 Market Update Fox Valley

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

12 21 19 Market update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

St Charles/Campton Hills-

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

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

Contracts accepted this week

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

Communities with the most contracts accepted this week:

Aurora-21 Naperville-18

Plainfield-12

These communities are consistently very active every week.

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

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

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

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 438 532 399

Total 15,430 10,634 12,189

Closed are the most important numbers.

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

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

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

Contact us

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

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

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

Check out some great resources:

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

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

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 14 19 Market Update Fox Valley

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

12 14 19 Market Update Fox Valley

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

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

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

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

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

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

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

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

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

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

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

Plainfield-New 13 $190.000-$398,735

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

St Charles/Campton Hills-

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

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

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

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

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

Contracts accepted this week

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

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

Aurora-27 Bolingbrook-17

Napervillle-26 Plainfield-19

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

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

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

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 309 524 282

Total 15,301 10,426 12,072

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

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

Contact us

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

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

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

Check out some great resources:

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

12 14 19 Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

besthomesfv@gmail.com

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

12 7 19 Market Update Fox Valley

Posted on December 7, 2019December 7, 2019 by Kristine Heiman, Designated Managing Broker

12 7 19 Market Update Fox Valley

12 7 19 market update Fox Valley. New listings of single family homes were significantly up this week. 173 this week compared to 100 the week before. We are in the first week of December and had a full week. Last week was a holiday week and short a couple of business days. That really has an impact on activity. Above we have pictures you should be able to click on to make larger. The first ones shows the activity for the week. The next 2 show the active listings of single family homes in Kane and Kendall Counties. It is broken down so you can see how many homes are available in each price range. Both of those show that the price range $250,000-$299,999 have the most homes. If that is not your price range you can see the amount of homes to see are more limited.

Closed single family homes this week were slightly down. 142 this week compared to 154 the week before. It is the beginning of the month. Most buyers prefer to close closer to the end of the month.

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

Aurora-New 23 $123,900-$469,000

Closed-25$95,500-$1,472,540

Bolingbrook-New 17 $159,000-$708,900

Closed-11 $162,000-$319,000

Naperville-New 34 $289,900-$2,399,000

Closed-22 $223,000-$631,424

Plainfield-New 26 $215,000-$730,000

Closed-18 $205,000-$415,000

St Charles/Campton Hills-

New-7 $275,000-$779,900

Closed-13 $187,000-$700,000

Contracts accepted this week

Contracts accepted this week on single family homes were pretty consistent with the week before. 127 this week compared to 133 the week before. These numbers are low though. You have to go back to January to see these numbers. There is still activity but nothing like Spring or Summer markets. Now is the time pricing your home is most important. If you are overpriced it will just sit there.

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

Aurora-24 Bolingbrook-12

Naperville-17 Plainfield-17

These are the communities that consistently do the most activity. I am surprised St Charles is not one of them listed here.

There were 3 short sales accepted this week. 2 in Bolingbrook and 1 in Plainfield. Now they will be submitted to the lender to see if they will also accept as written.

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

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

2019 by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

December 173 142 127

Totals 15,165 10,244 11,917

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 whether buying/selling a home. Our office is very convenient just next door to the Village hall of Montgomery.

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

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

We can also recommend real estate attorneys and home inspectors.

Check out some great resources:

12 7 19 market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Sign up for free with a different way to search for a home. You can change it to satellite view and see how the home is situated on the property. It also has a chat feature.

11 30 19 Market Update Fox Valley

Posted on November 30, 2019November 30, 2019 by Kristine Heiman, Designated Managing Broker

11 30 19 Market Update Fox Valley

11 30 19 Market update Fox Valley. Market was down this week significantly. 100 this week compared 166 the week before. It was a holiday week so we really only had 3 business days so this is to be expected.

Closings this week were also down significantly. 154 this week compared 224 the week before. You can’t judge the market on this holiday week. Even REALTORS® took some time off to travel or prepare for Thanksgiving.

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

Aurora-New 17 $139,900-$340,000

Closed-30 $77,700-$550,000

Bolingbrook-New 6 $213,000-$425,000

Closed-13 $160,000-$350,000

Naperville-New 10 $300,000-$1,075,000

Closed-21 $225,000-$1,200,000

Oswego-New 7 $189,000-$545,000

Closed-11 $197,000-$313,000

Plainfield-New 11 $200,000-$414,900

Closed-21 $160,000-$512,156

St Charles/Campton Hills-

New $254,900-$675,000

Closed-12 $185,000-$900,000

Yorkville-New 11 $217,000-$575,000

Closed-3 $175,000-$249,000

Contracts accepted this week

Contracts accepted this week were also significantly down. 133 this week compared to 177 the week before. Hopefully we will get back to normal this week.

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

Aurora-15 Naperville-23

Plainfield-20 St Charles/Campton Hills-19

No short sales were accepted this week from sellers.

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

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

2019 by the month of activity

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 679 727 656

Total 14,992 10,102 11,790

Some of those new listings are homes that have been relisted. Not all listings that receive contracts close. Some might have an inspection issue that can’t be negotiated to resolve or something might come up on the new title search that can’t be easily resolved. You need a good REALTOR® and real estate attorney that can help get through some of these issues.

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 whether buying/selling your home.

Resources to check out:

Some lenders also help out with costs. You need to decide what helps out the most.

11 30 19 Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 x101

besthomesfv@gmail.com

Sign up free for another great way to search for a home. Click on the satellite view. It is like hovering over the homes so you can see if there is a nice yard, corner lot or fenced in back yard. It also has a chat feature. If you need help navigating let me know.

11 23 19 Market Update Fox Valley

Posted on November 23, 2019November 30, 2019 by Kristine Heiman, Designated Managing Broker

11 23 19 Market Update Fox Valley

11 23 19 Market update Fox Valley. New listing this week were down. 166 this week compared to 193 the week before. Not good for buyers that are still out looking. Things are still active so I hope that most people that are thinking about selling are just waiting to get to the other side of the Thanksgiving holiday.

Closed listings were up this week. 224 this week compared to 173 the week before. We are getting to the end of the month. when most buyers want to close.

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

Aurora-New 16 $114,900-$450,000

Closed-39 $61,000-$410,000

Bolingbrook-New 12 $174,900-$449,954

Closed-20 $129,000-$355,000

Geneva-New 6 $239,900-$595,000

Closed-10 $330,000-$1,100,000

Naperville-New 37 $235,000-$1,790,000

Closed-33 $261,000-$1,225,000

Plainfield-New 29 $188,000-$599,900

Closed-27 $165,000-$458.000

St Charles/Campton Hills-

New-14 $225,000-$1,100,000

Closed-New 21 $190,000-$900,000

Yorkville-New 8 $195,000-$349,000

Closed-13 $232,000-$450,000

Contracts accepted this week

Contracts accepted this week were very consistent. 177 this week compared to 178 the week before. We love consistency! You can’t get more consistent than that. Next week the numbers will be off because of the holiday.

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

Aurora-16 Batavia-10 Bolingbrook-14

Naperville-37 Oswego-10 Plainfield-20

St Charles/Campton Hills-10 West Chicago-11

Only 2 short sales accepted this week 1 each in Aurora and Bolingbrook. Now they will be submitted to the lender to see if they will also accept contract price and terms.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 7 with a kick-out clause of 72 hours, 3 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. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 1 with 24 hours.

2019 activity by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 579 573 523

Total 14,892 9,948 11,657

Contact us

Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will guide you through the process whether buying/selling a home.

If you are thinking about selling we will be do a market analysis on your home to let you know what it is worth is today’s market. Provide you with a net proceeds that shows you the expenses to sell your home. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Thinking about buying a home? Your first step is to get pre-qualifed with a loan officer so you know what type of loan and the price range that will work out best for you.

Check out some great resources:

11 23 19 Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Check out another way to search for a home. You can sign up for free! Change it to satellite view and check out the property and where it is located within the neighborhood. If you need help using this great program let me know and I can do a video call and share my screen and guide you through it..

11 9 2019 Market Update Fox Valley

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

11 9 2019 Market Update Fox Valley

11 9 2019 market update Fox Valley. New listings of single family homes stayed consistent this week. 220 this week compared to 218 the week before. We love a consistent market! Maybe you will see something that fits your criteria for a home.

Closed listings of single family homes was down this week. 176 this week compared to 219 the week before. That is the difference between the beginning of the month and 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 $90,000-$500,000

Closed-29 $100,001-$597,500

Bolingbrook-New 12 $174,900-$439,000

Closed-15 $135,000-$376,000

Geneva-New 12 $265,000-$744,900

Closed-9 $162,500-$679,000

Naperville-New 31 $269,750-$1,025,000

Closed-24 $273,000-$1,040,000

Oswego-New 13 $198,000-$430,000

Closed-11 $186,000-$925,000

Plainfield-New 30 $164,900-$590,000

Closed-22 $145,000-$480,000

St Charles/Campton Hills-

New-11 $325,000-$769,900

Closed-12 $255,000-$585,000

Yorkville-New 11 $234,900-$479,900

Closed-3 $212,000-$240,000

Contracts accepted this week

Contracts accepted this week by sellers was down this week. 168 this week compared to 183 the week before. Now is the time to make sure you price your home right from the beginning.

Look at the communities that sellers accepted the most contracts:

Aurora-26 Bolingbrook-11 Naperville-33

Oswego-10 Plainfield-20

5 short sales were accepted this week on single family homes. 2 in Yorkville and 1 each in Aurora, Plainfield and St Charles/Campton Hills. Now they will be submitted to the lender to see if they will also accept.

Contracts were accepted by sellers on single family homes that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 2 with 48 hours and 4 with 24 hours.

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

2019 by the month for new listings, closed and contracts accepted

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

November 220 176 168

Total 14,533 9,551 11,302

Some of these new listings of single family homes are listed as new then after a couple months are canceled and relisted as new again so tht figure might not be correct as far as how many homes were listed as new. They might of been counted twice or more. Not all contracts accepted end up closing. Buyer might have trouble getting financing or during the attorney review and inspection period issues sometimes can come up that do not get resolved. It is very important to have a good REALTOR® and real estate attorney to help resolve any issues that come up. Most can be resolved if handled correctly. Others will take too much time to resolve so everyone moves on.

Contact us

Call us at 630-503-6555 Kristine Heiman, Managing Broker ext 101 or Bobby Burson, Broker ext 105. Your goal is our goal. We will do everything we can to help you reach your goal. whether buying or selling a home.

Let us update the value of your home in today’s market. We will provide you with a net proceeds that will give you an estimate of expenses to sell your home. This will be updated again when an offer comes in and we know all the terms.

If you are thinking about buying a home your first step is to call a loan officer to get pre-qualified. They will tell you what type of loan and what price range will work out best for you. Do you need recommendations? We will be happy to give you a few loan officers to contact so you can decide who you want to work with.

Check out some great resources:

Let us know what other information you are looking for. We would be happy to point you in the right direction so all your questions will be answered.

11 9 2019 market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up for another way to search for a home. You can change it to satellite view and it also has a chat feature that you can connect with me.

11 2 2019-Market Update Fox Valley

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

11 2 2019-Market Update Fox Valley

11 2 2019-Market update Fox Valley. New listings of single family homes were very consistent this week. 218 this week compared to 216 the week before. How about that for consistency! things are still happening so don’t be afraid to put your home on the market.

Closed listings of single family homes were way up. 219 this week compared to 171 the week before. End of the month is always a busy time for closings. That is when most buyers want to close.

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

Aurora-New 28 $75,000-$479,900

Closed-30 $102,000-$383,500

Bolingbrook-New 14 $130,000-$400,000

Closed-26 $96,500-$382,000

Geneva-New 10 $324,900-$749,900

Closed-3 $348,000-$465,000

Montgomery-New 8 $176,900-$319,660

Closed-13 $135,000-$320,500

Naperville-New 30 $314,900-$1,299,000

Closed-30 $278,000-$1,750,000

Oswego-New 18 $200,000-$549,500

Closed-9 $215,000-$510,000

Plainfield-New 34 $233,000-$700,000

Closed-22 $142,144-$445,000

St Charles/Campton Hills-

New-21 $189,800-$983,000

Closed-10 $110,500-$835,000

West Chicago-New 2 $224,900-$359,108

Closed-10 $100,000-$430,000

Yorkville-New 11 $149,900-$374,900

Closed-11 $165,000-$385,000

Contracts accepted this week

Contracts accepted this week were down slightly. 183 this week compared to 196 the week before. We did get some early winter weather this week and Thursday was Halloween.

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

Aurora-35 Bolingbrook-15 Naperville-20

Plainfield-21 St Charles/Campton Hills-14

Yorkville-11

3 Shorts sales were accepted this week by sellers. 1 each in Aurora, Bolingbrook and West Chicago. 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. 7 with a kick-out clause of 72 hours and 10 with 48 hours.

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

Keeping tract of contracts accepted is important to keep a eye on how many buyers are still out there willing to write an offer and to also decide if you need to adjust pricing.

2019 look at activity by the month

Month New Closed Contracts accepted

January 878 407 608

February 1,032 465 832

March 1,731 915 1,375

April 1,594 790 1,307

May 2,004 1,391 1,665

June 1,643 1,253 1,218

July 1,423 1,029 1,090

August 1,585 1,403 1,211

September 1,164 765 869

October 1,259 957 959

Total 14,313 9,375 11,134

Not all contracts accepted end up closing. Some of those have gone back on the market and then another contract was accepted. This is the critical time that it is very important to have a good REALTOR® and real estate attorney that will guide the buyer through expectations of a home inspection and negotiate repairs and attorney review.

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 current value of your home in today’s market. We will provide you with a net proceeds showing an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are looking to buy a home you will need to talk to a loan officer first and get pre-qualified to make sure what type of loan and what price range works out best for you.

Take a look at some great resources:

11 2 2019-Market update Fox Valley. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

Sign up free for another way to search for a home. You can change to satellite view and it also has a chat feature to interact with me without leaving the app.

Fox Valley Market Update September 28 2019

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

Fox Valley Market Update September 28 2019

Fox Valley market update September 28 2019. New listings of single family homes were down this week. 259 this week compared to 282 the week before. The market is still good for buyers looking $200,000 and above. Under that amount it is hard to find and you need to jump on them right away. If your home is in that price range and you are thinking about selling now is the time.

2019 new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2.004
June-1,643
July-1,423
August-1,585
September-1,164

Total 13,054

Closed listings of single family homes were slightly up this week. 204 compared to 193 the week before. Not the numbers we were seeing from May – August but still not bad.

Look at the closings of single family home by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-765

Total-8,418

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

Aurora-New 34 $124,900-$430,000

Closed-$89,917-$459,900

Batavia-New 10 $209,900-$599,995

Closed-4 $211,450-$415,000

Bolingbrook-New 19 $147,900-$374,900

Closed-12 $189,000-$372,500

Geneva-New 17 $235,000-$625,000

Closed-6 $324,900-$420,000

Naperville-New 49 $294,999-$1,750,000

Closed-35 $200,000-$1,130,000

Oswego-New 8 $189,900-$330,000

Closed-16 $170,000-$575,000

Plainfield-New 37 $139,888-$1,175,000

Closed-27 $145,000-$1,772,000

St Charles/Campton Hills-New 20 $214,900-$1,500,000

Closed-16 $141,850-$620,000

Yorkville-New 11 $239,000-$420,000

Closed-8 $150,089-$540,000

These communities continue to be on the list for new listings and closed listings of single family homes Is it the schools, location or what the community offers? It might be a combination of all three.

Contracts accepted this week

Contracts accepted this week were slightly down this week on single family homes. 204 this week compared to 229 the week before. That is not too bad. I would say that is pretty consistent.

Communities this week with the most activity:

Aurora-35 Bolingbrook-27 Naperville-23

Oswego-12 Plainfield-27 St Charles/Campton Hills-11

Look at the contracts accepted for 2019 by the months:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September-869

Total-10,175

There is a difference on contracts accepted and closed listings. Not all contracts that get accepted close. I thought you would be interested to see those numbers. Is it the loan officers not pre-qualifying the buyers well enough? Sometimes when they go to do a more in-depth credit check things come up that do not come up on the initial time they run it. Some things can be resolved and others take more time. Home inspections sometimes come up with issues that either will not work for the type of loan the buyer is going for or the issues could not be negotiated between buyer and seller that they both can agree on. There are many issues that can come up so you can’t count on your home closing until it closes. That is hard when trying to plan on where you will be going if you are a seller. Working with good lenders, REALTOR® and attorneys can make a big difference in how issues are negotiated and how hard they work on them to get resolved.

Contact us

Call us at 630-503-6555 with all of your real estate questions. Our goal is your goal. Once you let us know what you goal is we will do everything we can to help you reach it whether buying or selling a home.

Let us update the value on your home in today’s market. We will provide you with a net proceeds so you can see an estimate of expenses to sell your home so you will know about where you are at.

If you are thinking about purchasing a home the first step is to talk to a loan officer to get pre-qualified. They will let you know what type of loan and the price range that will out best for you.

Check out some resources:

We are here to guide you through the process. We will keep in contact the way you want to connect.

Fox Valley market update September 28 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

Another way to search for a home that you can sign up for free! Click on the satellite view. It also has a chat feature that you can connect with me to ask questions. Let us know what you think!