Fox Valley Market Update September 21 2019

Posted on September 21, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update September 21 2019

Fox Valley market update September 21 2019. New listings of single family homes were just under 10% down this week. 282 new listings this week compared to 310 the week before.

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 so far-905

Total-12,795

Closed listings this week were slightly up. 193 this week compared to 188 the week before. It should increase more as we get closer to the end of the month when most buyers want to close.

Closed listings of single family homes 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-561

Total-8,214

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

Aurora-New 38 $70,000-$699,000

Closed-33 $87,000-$550,000

Batavia-New 10 $263,900-$998,500

Closed-3 $352,000-$381,000

Bolingbrook-New 34 $159,900-$451,500

Closed-22 $155,000-$380,000

Geneva-New 10 $275,000-$819,000

Closed-5 $265,000-$354,000

Naperville-New 54 $255,000-$1,450,000

Closed-34 $310,000-$850,000

Oswego-New 10 $214,900-$560,000

Closed-16 $165,000-$575,000

Plainfield-New 32 $136,900-$750,000

Closed-24 $150,000-$417,000

St Charles/Campton Hills-New 20 $159,900-$1,200,000

Closed-12 $180,000-$735,000

Yorkville-New 14 $229,900-$619,900

Closed-7 $118,000-$397,000

Contracts accepted this week

Contracts accepted this week on single family homes were consistent this week. 229 this week compared to 225 the week before. We love consistency!

2019 contracts accepted of single family homes by the month:

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

Total-9,971

Now take a look at the communities this week that sellers accepted the most contracts:

Aurora-33 Batavia-11 Bolingbrook-21

Geneva-15 Naperville-39 Oswego-13

Plainfield-21 St Charles/Campton Hills-17 Yorkville-10

There were 3 short sales accepted by sellers this week. Zero the week before. 1 each in Geneva, Naperville and Plainfield.

Contracts were accepted by sellers that are contingent on the closing of the buyers current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Sellers also accepted contracts that are contingent on the sale and closing of the buyers current home. 2 with a kick-out clause of 72 hours, 7 with 48 hours and 1 with 24 hours.

Once a contract is accepted there is a review period where the buyer can do inspections and attorneys can review the contract. Not all contracts that get accepted close. Sometimes issues come up that can’t be resolved or maybe the loan might not get approved.

Contact us

Call us at 630-503-6555 with any real estate questions that you have. It is still a good time to sell if you want to get moved before the holidays.

Let us update your home value in the current market and provide you with a net proceeds. An estimate of expenses to sell.

If you are thinking about purchasing, your first step is to talk to a loan officer to get pre-qualified so you know what type of loan and what price range will work out for you. If you need recommendations we can provide you will loan officers to contact that we have successfully worked with.

Resources to check out:

Fox Valley market update September 21 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 another way to search for a home that also has a chat feature that you can easily reach us. Sign up for free!

Fox Valley Market Update September 14 2019

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

Fox Valley Market Update September 14 2019

Fox Valley market update September 14 2019. Consistent is the market this week. 310 new listings of single family homes this week compared to 313 the week before. You can’t get more consistent than that! The weather is wonderful. It is not too hot or raining. Perfect weather for looking at homes. Let’s get your home on the market!

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 so far-623

Total-12,513

Closed listings this week were also consistent. 188 closings of single family homes this week compared to 180 the week before. Slightly higher but very consistent. They should increase though as we get closer to the end of the month when most buyers want to close.

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

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-368

Total-8,021

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

Aurora-New 46 $115,000-$699,000

Closed-30 $37,500-$645,000

Bolingbrook-New 20 $174,900-$754,766

Closed-12 $152,700-$430,000

Elburn-New 10 $229,000-$549,900

Closed-1 $320,000

Naperville-New 61 $299,000-$1,599,000

Closed-28 $245,000-$1,150,000

Oswego-New 16 $179,900-$1,000,000

Closed-7 $215,000-$340,000

Plainfield-New 33 $149,888-$624,000

Closed-29 $170,000-$538,200

St Charles/Campton Hills-New 19 $199,900-$1,260,000

Closed-9 $290,000-$880,000

Sugar Grove-New 11 $214,900-$849,900

Closed-5 $210,000-$445,000

West Chicago-New 12 $228,000-$574,999

Closed-6 $222,500-$385,000

Yorkville-New 10 $164,900-$475,000

Closed-3 $134,500-238,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly higher. 225 contracts accepted this week compared to 211 the week before. The homes that are remaining on the market either need to be updated or the price dropped to get buyers interested in them. Buyers today want to buy and move in. They don’t want to spend a lot of time or money to fix something up.

Contracts accepted 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July-1,090
August-1,211
September so far-436

Total-9,742

Look at the communities that had the most sellers accept contracts this week:

Aurora-36 Bolingbrook-21 Naperville-31

Plainfield-29 St Charles/ Campton Hills-11

Not all contracts that get accepted close. A good REALTOR® and real estate attorney can help to overcome some issues that come up unless of course it is a buyer issue with financing. Sometimes issues come up with an in-depth credit check that can not be overcome easily or within the time frame.

There were no short sale contracts accepted this week.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 3 with 24 hours.

Sellers also accepted contracts 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 2 with 24 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are here to help you. Our goal is your goal. We will work hard to reach your goal whether it is selling or buying a home. Keep in contact with you and guide you through the process.

Check out some resources:

Check back with us every Saturday for the Fox Valley Market update. We are keeping an eye on the market.

Fox Valley market update September 14 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

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Fox Valley Market Update September 7 2019

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

Fox Valley Market Update September 7 2019

Fox Valley market update September 7 2019. New listings this week were slightly up. 313 new listings of single family homes this week compared to 290 the week before. Now that we are past the holiday and school starting we can 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
June-1,643
July-1,423
August-1,585
September-313

Total-12,203

Closed listings of single family homes were down this week. 180 this week compared to 292 the week before. With the holiday, a short week and the beginning of the month this is to be expected. It should go up from here.

Closed listings for 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-1,029
August-1,403
September-180

Total-7,833

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

Aurora-New 40 $115,000-$500,000

Closed-34 $80,000-$510,000

Batavia-New 14 $209,900-$525,000

Closed-8 $255,500-$586,987

Bolingbrook-New 22 $179,900-$500,000

Closed-16 $134,100-$369,000

Geneva-New 23 $149,000-$1,249,000

Closed-9 $241,000-$924,000

Naperville-New 62 $305,000-$4,000,000

Closed-23 $305,000-$1,295,000

Oswego-New 24 $229,900-$475,000

Closed-10 $129,000-$304,295

Plainfield-New 40 $169,900-$549,900

Closed-18 $150,000-$515,000

St Charles/Campton Hills-New 18 $163,500-$1,199,999

Closed-14 $100,000-$617,500

West Chicago-New 12 $179,900-$499,900

Closed-3 $285,000-$335.000

Yorkville-New 13 $180,000-$469,500

Closed-6 $250,000-$452,000

Contracts accepted this week

Contracts accepted this week on single family homes was slightly down this week. 211 this week compared to 227 the week before. This should go up next week since we are now past the holiday and a short week. Keep in mind that not all contracts accepted close. They need to get past home inspection, attorney review and the loan approval. So things can happen during that process.

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

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

Total-9,517

Now take a look at the communities this week that sellers accepted the most contracts on single family homes:

Aurora-33 Bolingbrook-13 Naperville-34

Oswego-10 Plainfield-28 St Charles/Campton Hills-16

Short sales still remain low this week. 1 this week compared to 3 the week before. The 1 was in Bolingbrook this week.

Sellers accepted contracts this week that are contingent on the buyer closing on their current home. 6 with a kick-out clause of 72 hours, 2 with 48 hours and also 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 1 with 48 hours.

Contact us

Call us with your real estate questions at 630-503-6555. Our goal is your goal. Whether you are buying, selling or both we will work hard to meet your goals. We will let you know what you need to do to get your home ready for market. Provide you with a net proceeds that shows you the expenses to sell so you know where you are at.

If you are thinking about buying you need to talk to a loan officer first to get pre-qualified so you know what type of loan will work for you and the price range. What type of loan you choose will determine the condition the home must be in. If you find a home that needs repairs and the seller is not willing to do them and you have the money you can set up an escrow account if it is under $5,000 for repairs. If it is over that amount you will need to get pre-qualified for a loan that will allow you to make the repairs. This is a different kind of approval. Separate from the normal approval. We can talk to you more about this or your loan officer can explain it to you.

It is still a great time to sell or buy so get in touch with us so we can get you started.

Check out some resources:

Fox Valley market update September 7 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 with a chat feature. Sign up for free and let us know what you think. It has google maps so you can click on the satellite view so you can see the yard and house around it..

Fox Valley Market Update August 31 2019

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

Fox Valley Market Update August 31 2019

Fox Valley market update August 31 2019. New listings of single family homes were consistent this week. 290 this week compared to 292 the week before. We love consistency! That is even with a holiday coming up. Usually the week leading up to a holiday is a little slower than normal.

2019 so far by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June-1,643
July-1,423
August-1,583

Total-11,890 May was the month with the most new listings of single family homes so far.

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

Aurora-New 35$129,900-$565,000

Closed-37 $89,900-$425,000

Batavia-New 9 $172,500-$550,000

Closed-10 $247,500-$673,299

Bolingbrook-New 19 $176,900-$484,256

Closed-23 $125,501-$390,000

Geneva-New 12 $330,000-$2,800,000

Closed-10 $295,000-$533,000

Montgomery-New 18 $148,899-$297,990

Closed-10 $100,000-$308,000

Naperville-New 54 $278,500-$1,499,000

Closed-57 $225,000-$2,350,000

Oswego-New 19 $149,900-$724,000

Closed-15 $168,000-$380,000

Plainfield-New 41 $185,000-$575,000

Closed-29 $157,374-$406,000

St Charles/Campton Hills-New 25 $234,500-$1,995,000

Closed-25 $165,000-$1,262,500

West Chicago-New 4 $265,000-$430,000

Closed-12 $146,500-$347,000

Yorkville-New 12 $154,900-$439,934

Closed-14 $150,000-$470,946

Closed listings of single family homes were slightly higher this week. 292 this week compared to 221 the week before. This was not a typical month. Usually the end of the month you see the most closings. The first week there were 341 closings but most of them were the end of July closings in the first part of that week and ending on August 3rd. The 3rd week ending on August 17th was the next highest with 255. They were trying to close before the first day of school starting.

Closings by the month in 2019:

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

Total-7,653 August was slightly higher than May so far this year. The school year calendar was the driver for this years activity.

Contracts accepted this week

Contracts accepted this week on single family homes was slightly lower this week. 227 this week compared to 234 the week before. Not too bad for the hustle of the kids getting back to school and Labor Day coming up.

Contracts accepted so far by the month for 2019:

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

Total-9,306 May so far is the busiest month for contracts accepted by sellers.

You are probably wondering why I am keeping track of when contracts get accepted but I do think it is important. When you look back at the month with the most listings you see that it makes sense. March was the next highest month for new listings and it is also the next highest month for contracts accepted. Buyers had more choice.

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

Aurora-43 Batavia-11 Bolingbrook-15

Montgomery-11 Naperville-32 Plainfield-34

St Charles/Campton Hills-19

Short sales accepted this week still remain low. 3 this week compared to 1 the week before. 1 each in Naperville, St Charles/Campton Hills and Yorkville.

Sellers accepted contracts this week that are contingent on buyer closing on their current home. 3 with a kick-out clause of 72 hours, 5 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. 5 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 with your real estate questions. Our goal is your goal. We will work hard to meet your goals whether buying or selling a home. We will guide you through the process and make recommendations for real estate attorneys, loan officers and home inspectors.

Provide you with a net proceeds that shows you the expenses to sell a home so you can make a good decision if it is the right time for you. Let you know what you need to do to get your home market ready. If you do not want to make the updates we can price it accordingly.

Resources to check out:

Fox Valley market update August 31 2019. Have a great week and a fantastic Labor Day weekend!

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 might like. It also has a chat feature.

Fox Valley Market Update August 24 2019

Posted on August 24, 2019August 31, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update August 24 2019

Fox Valley market update August 24 2019. New listings of single family homes were slightly down this week. 292 this week compared to 315 the week before. Not too bad with school starting. So many people are out buying school clothes and supplies to get ready to start school.

2019 new single family home listings 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-1,295

Total-11,600

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

Aurora-New 43 $118,000-$975,000

Closed-35 $137,000-$513,500

Batavia-New 17 $189,900-$614,500

Closed-5 $210,000-$525,000

Bolingbrook-New 17 $169,900-$565,000

Closed-19 $104,8500$380,000

Geneva-New 19 $229,000-$1,695,000

Closed-6 $219,900-$485,000

Montgomery-New 10 $175,000-$270,000

Closed-8 $181,000-$287,000

Naperville- New 63 $299,700-$7,250,000

Closed-31 $230,000-$1,180,000

Oswego-New 9 $179,900-$385,790

Closed-10 $169,000-$462,850

Plainfield-New 29 $154,900-$778,000

Closed-34 $180,000-$551,351

St Charles/Campton Hills-New 22 $260,000-$829,000

Closed-21 $150,000-$622,500

West Chicago-New 10 $259,900-$675,000

Closed-4 $176,000-$337,000′

Yorkville-New 11 $199,900-$374,900

Closed-5 $249,900-#55,000

Closed homes this week were also down. 221 this week compared to 255 the week before. Next week is the last week of the moth so we should see an increase. Especially because next weekend is Labor Day so people will have a long weekend to move in and get settled.

Closed 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-1,111

Total-7,361

May continues to be the best month so far for new listings and closed homes.

Contracts accepted this week

Contracts accepted on single family homes this week were slightly up this week. 234 this week compared to 212 the week before. When something special comes on the market no matter how busy you are you need to jump on it. Homes that have been on the market either need to be made special or drop the price to get a buyer interested.

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

January-608
February-832
March-1,375
April-1,307
May-1665
June-1,218
July-1,090
August so far-984

Total-9,079

Not every home that received an accepted contract closes. Sometimes things come up during attorney review or the home inspection that buyer and seller do not mutually agree upon. Sometimes the buyer’s loan does not get approved either because something comes up on their credit that can’t be resolved or the appraisal does not appraise for the agreed upon price. Buyer’s sometimes lose their job during the process Many things can happen during the process. Keeping on top of things is very important.

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

Aurora-37 Bolingbrook-15 Geneva-10

Naperville-42 Oswego-1- Plainfield-25

St Charles/Campton Hills-16

Short Sales accepted this week were still low. Only 1 this week compared to 2 the week before. This is great! Bolingbrook was the only community this week with an accepted contract.

Sellers also accepted contracts that are contingent on the buyer closing on their current home. 5 with a kick-out clause of 72 hours, 6 with 48 hours and 6 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. 4 with a kick-out clause of 72 hours and 6 with 48 hours.

Contact us

Call us at 630-503-6555 with all of your real estate questions. We are keeping an eye on the market. Our goal is your goal. We are here to listen to your wants and needs. We will do everything we can to accomplish your goals. Whether buying or selling a home.

Check out some resources:

Let us know what other information you are looking for and we will point you to it.

Fox Valley market update August 24 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

Another way to search for homes that also has a chat feature. You can sign up for free.

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 July 20 2019

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

Fox Valley Market Update July 20 2019

Fox Valley market update July 2019. New listings of single family homes were slightly down this week. 383 this week compared to 407 the week before. Less than a percent nothing to worry about.

2019 new listings by the month:

January-878
February-1,032
March-1,731′
April-1,594
May-2,004
June-1,643
July so far-1,077

9,959 Total

Closed listings were also slightly down. 253 this week compared to 266 the week before. They should increase as we get closer to the end of the month.

Look at the closings so far by the month for 2019:

January- 407
February-465
March-915
April-790
May- 1,391
June-1,253
July so far-776

5,997 Total

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

Aurora-New 39 $129,900-$499,900 Closed-31 $76,000-$384,500

Batavia-New 10 $194,000-$905,000 Closed-3 $263,000-$438,000

Bolingbrook-New 32 $174,900-$749,000 Closed-16 $167,000-$400,000

Geneva-New 15 $245,000-$614,900 Closed-18 $220,000-$799,000

Montgomery-New 13 $174,999-$331,620 Closed-11 $161,000-$288,000

Naperville-New 81 $229,000-$1,299,990 Closed-45 $168,000-$2,050,000

North Aurora-New 10 $182,500-$438,900 Closed-2 $322,500-$396,400

Oswego-New 22 $189,900-$698,000 Closed-11 $202,500-$837,500

Plainfield-New 51 $129,900-$710,000 Closed-30 $147,500-$457,500

St Charles/Campton Hills-New 20 $234,900-$875,000 Closed-23 $190,000-$768,894

Sycamore-New 12 $152,000-$1,200,000 Closed-5 $110,000-$295,000

West Chicago New 12 $109,990-$499,900 Closed-7 $207,000-$440,000

Yorkville-New 19 $174,900-$529,700 Closed-14 $183,000-$570,000

Contracts accepted this week

Contracts accepted this week were slightly up. 284 this week compared to 252 the week before. When a home is in good condition and priced right it will sell. Last week we had an increase in new listings of single family homes so you see the increase in contracts accepted. Not everyone is willing to fix up a home after they move in. So many people today are too busy so they want to move in and start living without having to hire someone to come in and update.

Contracts accepted in 2019 so far by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July so far 831

7,836 Total

Not all homes that receive a contract end up closing. Some find out during the home inspection that there are issues that the buyer and seller were not able to negotiate something that they can agree to. Some do not end up getting approved for a loan. There might be something that comes up on their credit that can’t be resolved soon enough. These 2 things are the most important reasons why you need a good loan officer to work with and a good REALTOR to work through these issues along with a good real estate attorney. Do not cut corners with such a big investment.

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

Aurora-52 Batavia-10 Bolingbrook-23

Geneva-11 Naperville-39 Oswego-10

Plainfield-46 St Charles/Campton Hills-23 Yorkville-10

Short sales accepted by seller’s were half of what they were the week before. 2 this week compared to 4 the week before. 1 each in Aurora and Geneva. Now they will get 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 before purchasing. 8 with a kick-out clause of 72 hours, 11 with 48 hours and 2 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. 2 with a kick-out clause of 72 hours and 6 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 buying or selling a home.

Check out these resources:

Let us know what questions you have. We will guide you through the process.

Fox Valley market update July 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

Check out this new way of searching for a home. It will ask you to sign up. It is free!

Fox Valley Market Update July 13 2019

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

Fox Valley Market Update July 13 2019

Fox Valley market update July 13 2019. Thing are picking back up again since the holiday. 407 new listings of single family homes this week compared to 287 the week before. What a difference a week makes! July is usually a slow month with everyone going on vacation. It is a good time to go on vacation right after you list your home. Your home is easier to show and you don’t have to be inconvenienced with all the showings. It might even sell while you are gone. Wouldn’t that be nice!

2019 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-694 so far

9,576 Total

Closed homes this week were slightly up. 266 this week compared to 236 the week before. They should increase and we get closer to the end of the month when most buyer’s want to close.

Closing by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July-523 so far

5,744 Total

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

Aurora-New 47 $88,000-$599,900 Closed-40 $76,000-$461,500

Batavia-New 10 $239,000-$799,900 Closed-8 $214,000-$365,000

Bolingbrook-New 23 $139,900-$669,900 Closed-31 $160,000-$434,500

Geneva-New 13 $275,000-$574,900 Closed-8 $385,000-$702,000

Naperville-New 98 $299,900-$2,499,000 Closed-48 $273,000-$1,295,000

Oswego-New 20 $229,900-$450,000 Closed-25 $150,000-$837,500

Plainfield-New 46 $165,000-$1,200,000 Closed-22 $216,000-$475,000

St Charles/Campton Hills-New 35 $159,000-$849,900 Closed-21 $199,500-$768,000

Sugar Grove-New 11 $242,500-$435,000 Closed-5 $275,000-$355,000

Sycamore-New 14 $109,900-$459,000 Closed-4 $115,000-$292,400

West Chicago-New 10 $240,000-$589,900 Closed-8 $204,900-$557,000

Yorkville-New 17 $215,000-$549,900 Closed-7 $225,000-$390,000

Contracts accepted this week

Contracts accepted this week were down. 252 this week compared to 295 the week before. This should pick up with all the new listings that came on the market this week.

Look at the contracts accepted for 2019 by the month so far:

January-608
February-832
March-1,375
April-1,307
May-1,665
July-547 so far

7,552 Total

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

Aurora-40 Bolingbrook-25 Montgomery-10

Napervilee-33 Oswego-15 Plainfield-27

St Charles/Campton Hills-22 Yorkville-10

Short sales were slightly up this week. 4 this week compared to 2 the week before. This continues to be good news! This week there were 2 in Aurora and 1 each in Naperville and Winfield.

Contracts were accepted by seller’s that are contingent on the buyer’s closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

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

Contact us

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

We will tell you what you need to do to get your home market ready. Explain the process. Provide you with a net proceeds that shows you the expenses to sell.

If you are thinking about purchasing you will need to get pre-qualified with a loan officer. It matters who you use. If you need recommendations of loan officers we will recommend a few so you can decide who to use. We will guide you through the process.

Resources to check out:

Fox Valley market update July 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

Check out a different way to search for a home. Sign up for free! It has a chat feature that you can reach us to let us know you want to see something or have a question. If you click on the satellite view you can see how a home sits on the property. Does it have a back yard. Is it on a corner lot. What else is for sale in the neighborhood and the prices. How far away is shopping and entertainment. Let us know what you think!

Fox Valley Market Update July 6 2019

Posted on July 6, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update July 6 2019

Fox Valley market update July 6 2019. New listings of single family homes was way down this week. 287 new listings this week compared to 365 the week before. It is a holiday week so this is to be expected. Things will get back to normal next week.

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 so far-287

9,169 Total

Closed single family homes this week were also down. 236 closed this week compared to 330 the week before. This is also to be expected on a shorter week because of holiday and because it is the beginning of the month. Most buyer’s want to close at the end of the month.

Closed single family homes by the month for 2019:

January-407
February-465
March-915
April-790
May-1,391
June-1,253
July so far-236

5,457 Total

Take a look at the activity this week of single family homes:

Aurora-New 44 $79,000-$644,800 Closed-36 $90,000-$419,900

Bolingbrook-New 24 $119,900-$414,900 Closed-14 $154,000-$399,900

Geneva-New 13 $339,900-$795,000 Closed-7 $200,000-$665,000

Montgomery-New 12 $161,000-$285,900 Closed-19 $158,067-$320,000

Naperville-New 50 $215,000-$2,199,000 Closed-40 $190,000-$1,075,000

Oswego-New 11 $149,900-$849,000 Closed-13 $197,000-$379,000

Plainfield-New 39 $189,800-$675,000 Closed-27 $138,000-$424,900

St Charles/Campton Hills-New 22 $139,900-$1,499,000 Closed-22 $145,000-$588,000

Yorkville-New 15 $249,000-$449,900 Closed-5 $239,990-$405,000

Contracts accepted this week

Contracts accepted this week of single family homes was slightly up. 295 this week compared to 272 the week before. That is a good thing with a short week. Next week should be even better.

Look at the totals of contracts accepted for 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218
July so far-295

7,300 total

So far May is the month with the most activity all around. New listings, closed homes and contracts accepted. Not all contracts accepted end up closing. Some come back on the market after the home inspection that might have an issue the buyer and seller can not negotiate a resolution to the issue. Other ones the financing might not get approved. The majority of them do close though.

Just under 60% of the new listings that came on the market have closed. Slightly under 80% have gone under contract. The other 20% either need to make improvements, lower price or both. If you are not getting showings or they have slowed down you need to rethink price and condition.

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

Aurora-41 Bolingbrook-24 Geneva-11

Naperville-49 North Aurora-13 Oswego-16

Plainfield-42 St Charles/Campton Hills-30 Yorkville-11

Short sales accepted by seller’s this week were also down. 2 this week compared to 5 the week before. 1 each in Plano and Yorkville.

Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 12 with 48 hours and 3 with 24 hours.

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

Contact us

Give a call to answer all of your real estate questions 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.

Resources to check out:

Fox Valley market update July 6 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 another way to search for a home. Click on the satellite view and you can see how the home sits on the lot and what is also for sale in that neighborhood. Let us know what you think!

Fox Valley Market Update June 29 2019

Posted on June 29, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 29 2019

Fox Valley market update June 29 2019. New listings were significantly down this week. 365 new listings of single family homes this week compared to 444 the week before. Not good for buyers that are wanting to find something and get in before school starts again.

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

8,882 total

May so far is the month with the most new listings. The weather has contributed to the delay in sellers getting their homes on the market. We went from extreme cold temperatures to nothing but rain.

Closed homes were up this week. 330 single family homes closed this week compared to 303 the week before. It is the end of the month so that is to be expected.

Closed listings of single family homes 2019 by the month:

January-407
February-465
March-915
April-790
May-1,391
June-1,253

5,221 Total

So far May is the best month for closings of single family homes. We should see a higher number in July though.

Now take a look at the communities with the most activity this week:

Aurora-New 46 $89,900-$544,900 Closed-45 $135,000-$455,000

Batavia-New 12 $260,000-$899,900 Closed-10 $200,000-$626,495

Bolingbrook-New 31 $155,000-$450,000 Closed-27 $148,050-$395,000

Geneva-New 16 $264,900-$729.900 Closed-8 $252,000-$750,000

Montgomery-New 9 $164,800-$297,400 Closed-11 $174,900-$297,500

Naperville-New 83 $259,000-$4,000,000 Closed-64 $250,000-$1,400,000

North Aurora-New 13 $260,000-$422,380 Closed-11 $183,000-$440,000

Oswego-New 17 $192,500-$625,000 Closed-14 $185,000-$385,000

Plainfield-New 37 $159,900-$549,000 Closed-36 $146,000-$550,000

St Charles/Campton Hills-New 35 $229,000-$2,385,000 Closed-30 $242,000-$1,100,000

West Chicago-New 6 $309,500-$510,000 Closed-12 $95,000-$347,500

Yorkville-New 15 $199,900-$614,900 Closed-10 $138,500-$390,000

Contracts accepted this week

Contracts accepted this week were slightly lower than last week. 272 contracts accepted this week of single family homes compared to 293 the week before.

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

Aurora-28 Bolingbrook-20 Naperville-50

Oswego-11 Plainfield-39 St Charles/Campton Hills-26

Sugar Grove-10 Yorkville-11

Short sales accepted this week of single family homes were the same as last week. 5 both weeks. 1 each in Aurora, Elburn, Montgomery, Naperville and Sheridan.

Seller’s accepted contracts that are contingent on the buyer closing on their current home before purchasing. 8 with a kick-out clause of 72 hours, 14 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. 2 with a kick-out clause of 72 hours, 8 with 48 hours and 2 with 24 hours.

Accepted contracts in 2019 by the month:

January-608
February-832
March-1,375
April-1,307
May-1,665
June-1,218

7005 Total

May is the best month so far for new listings, closings and contracts accepted this year. Keep in mind that contracts that are accepted don’t always close. Sometimes they are reactivated because of a home inspection issue, financing does not go through or attorney review and inspection issues can not come to an agreement.

Contact us

Call us to answer all of your real estate questions 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.

Resources to check out:

Fox Valley market update June 29 2019. Have a great week! Have a safe and happy 4th of July!

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 to search and let us know what you think. You can click on the satellite view and see how the home sits on the property and see what else if for sale in the neighborhood.