Fox Valley Market Update June 22 2019

Posted on June 22, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 22 2019

Fox Valley market update June 22 2019.. New listings of single family homes in the Fox Valley area were slightly higher this week. 444 this week compared to 433 the week before.

2019 look at new listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May-2,004
June so far-1,278
Total-8,517

One more week to go in June and it looks like we will not come close to May’s totals for new listings. That is not good for buyer’s that are still trying to find a home.

Closed homes this week were slightly higher. 303 this week compared to 294 the week before. Next week should be very busy for closings.

Closings in 2019 so far of single family homes:

January-407
February-465
March-915
April-790
May-1,391
June so far-923
Total-4,891

A little over 57% of the 8,517 new listings have sold and closed so far far this year.

Take a look at the activity this week in the Fox Valley:

Aurora-New 51 $119,900-$639,900 Closed-34 $125,000-$500,000

Batavia-New 16 $185,000-$629,900 Closed-8 $203,000-$464,000

Bolingbrook-New 27 $129,900-$595,900 Closed-25 $98,175-$405,500

Geneva-New 22 $242,000-$1,295,000 Closed-22 $155,000-$751,000

Montgomery-New 22 $125,000-$330,455 Closed-11 $86,793-$370,056

Naperville-New 102 $174,900-$1,790,000 Closed-52 $202,500-$1,020,000

North Aurora-New 13 $195,000-$430,000 Closed-8 $197,500-$368,500

Oswego-New 26 $199,900-$429,900 Closed-12 $165,000-$370,000

Plainfield-New 38 $172,000-$494,000 Closed-31 $182,000-$595,000

St Charles/Campton Hills-New 36 $109,800-$1,275,000 Closed-29 $150,000-$774,900

West Chicago-New 13 $114,900-$485,000 Closed-8 $165,000-$432,500

Winfield-New 10 $282,900-$799,000 Closed-5 $300,000-$475,000

Yorkville-New 19 $213,000-$1,100,000 Closed-7 $174,000-$375,000

Contracts accepted this week

Contracts accepted of single family homes this week were slightly down. 293 this week compared to 317 last week.

Contracts accepted of single family homes so far in 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-946
Total-6,733

That total shows you that about 79% of the homes listed this year have gone under contract. Not all of them have closed. Some have been put back on the market because of buyer not able to get financing or some other reason. Some of that total have gone under contract and reactivated and gone under contract again. Closed totals are the most important.

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

Aurora-45 Batavia-14 Bolingbrook-18

Geneva-12 Montgomery-11 Naperville-50

Oswego-12 Plainfield-38 St Charles/Campton Hills-23

Yorkville-16

Short sales accepted this week by seller’s doubled from last week. 5 this week compared to 2 the week before. Still very low. There were 1 each in Montgomery, Plainfield and Sandwich. 2 in Oswego this week.

Contracts were accepted by seller’s that are contingent on the buyer closing on their current home before purchasing. 12 with a kick-out clause of 72 hours, 16 with 48 hours and 2 with 24 hours.

Seller’s also accepted contracts that are contingent on the buyer selling and closing before they can purchase. 1 with a kick-out clause of 72 hours, 3 with 48 hours and 2 with 24 hours.

Contact us

Call us with any real estate questions you have at 630-503-6555. Jerffery 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 selling, buying or both.

Thinking about selling? We will update the value of your home in today’s market and provide you with a net proceeds that will show you the expenses to sell your home so you know where you are at.

If you are thinking about purchasing your first step is to contact a loan officer to get pre-qualified so you know the type of loan and what price range will work for you.

We will guide your through the process of selling or purchasing. We can make a few recommendations of loan officers, real estate attorneys and inspectors if you don’t know any already. You can choose who you think will workout best for you.

Check out these resources:

Fox Valley market update June 22 2019. Have a great week! Let us know how we can help you.

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 or Kristineheiman@besthomesfv.com

You can also check out a different way to search for a home. Click on satellite view and you can see how the home is situated on the lot. It will show you if it is a corner lot, does it have a backyard and is it fenced in, Is there anything else for sale in the neighborhood.

Fox Valley Market Update June 15 2019

Posted on June 15, 2019June 15, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update June 15 2019

Fox Valley market update June 15 2019. New listings of single family homes were up this week. 433 new this week compared to 401 the week before. This should make buyer’s happy if they are in the price ranges that they are looking in.

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 so far-834

Closing this week were slightly down. 294 this week compared to 326 the week before. These numbers will increase as 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 so far-620

So far May is the biggest month for new listings and closings.

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

Aurora-New 44 $109,900-$529,900 Closed-34 $106,000-$385,000

Batavia-New 17 $99,900-$559,870 Closed-12 $265,968-$482,500

Bolingbrook-New 37 $144,900-$749,000 Closed-16 $194,900-$385,000

Geneva-New 24 $227,500-$929,999 Closed-17 $229,000-$485,000

Naperville-New 76 $290,000-$1,279,000 Closed-54 $252,000-$1,340,476

Oswego-New 24 $229,900-$375,000 Closed-20 $212,000-$395,000

Plainfield-New 59 $169,900-$975,000 Closed-32 $178,000-$765,000

Plano-New 10 $149,900-$289,900 Closed-3 $186,000-$265,000

St Charles/Campton Hills-New 39 $149,900-$1,299,000 Closed-25 $145,000-$833,920

Sycamore-New 10 $235,000-$409,000 Closed-10 $140,000-$306,000

West Chicago-New 12 $176,000-$500,000 Closed-12 $145,000-$642,500

Yorkville-New 22 $184,700-$564,900 Closed-11 $211,000-$363,500

Contracts accepted this week

Contracts of single family homes were slightly down this week. 317 this week compared to 336 the week before. That is not too far off. So many people are busy with the end of school and graduations. Some even out of town.

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

Aurora-46 Bolingbrook-22 Geneva-15

Naperville-48 North Aurora-10 Oswego-18

Plainfield-43 St Charles/Campton Hills-26 Yorkville-18

Contracts accepted by the month for 2019:

January-608
February-832
March-1,375
April-1,307
May-1,665
June so far-653

This gives you an idea of the closings to come and which months buyer’s found a home an acted on it. So far May has been the best month to list a home, close on a home and get a contract accepted on a home.

Short sales accepted this week were still low. 2 accepted this week by seller’s compared to 1 the week before. This week there was 1 each in Aurora and Bolingbrook. Now they will be submitted to the lender to see if they will also accept as written.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 10 with a kick-out clause of 72 hours, 16 with 48 hours and 3 with 24 hours.

Contracts were also accepted by seller’s that are contingent on the buyer’s selling and closing on their current home. 4 with a 72 hour kick-out clause, 4 with 48 hours and 3 with 24 hours.

Contact us

Call us with any real estate questions you have 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.

Check out these resources:

Fox Valley market update June 15 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

You might also like trying out this way to search for a home. If you click on satellite view you an see from above the home to see how it is situated on the property. If it is a corner lot or what else is for sale in the area. Try it out and let me know what you think!

Fox Valley Market Update May 4 2019

Posted on May 4, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 4 2019

Fox Valley market update May 4 2019. New listings of single family homes were almost identical to the week before. 403 this week compared to 405 the week before. We love a consistent market! If you can’t find a home in the community you are currently looking in with the price range you need. Look at the chart above and see where you should be looking.

Look at the numbers so far this year for New listings of single family homes:

January-878
February-1,032
March-1,731
April-1,594
May so far-403

Closed listings this week were way up. 301 this week compared to 208 the week before. Monday and Tuesday were the last 2 days of April. I bet a lot of the closings happened those 2 days. Most Buyers want to close at the end of the month.

Here are the totals for each month of closings of Single family homes:

January-407
February-465
March-915
April-790
May so far-301

Take a look at the activity this week:

Aurora-New 56 $120,000-$599,900 Closed-43 $119,500-$597,500

Batavia-New 8 $220,000-$1,575,000 Closed-13 $170,000-$759,900

Bolingbrook-New 24 $199,900-$450,000 Closed-21 $168,000-$674,999

Geneva-New 14 $259,900-$712,900 Closed-17 $282,500-$1,095,000

Montgomery-New 10 $189,800-$489,900 Closed-16 $153,000-$273,000

Naperville-New 92 $240,000-$1,525,000 Closed-45 $295,000-$2,150,000

Oswego-New 25 $144,900-$499,900 Closed-12 $70,000-$353,900

Plainfield-New 41 $175,000-$549,900 Closed-44 $190,000-$1,775,244

St Charles/Campton Hills-New 37 $224,900-$1,275,000 Closed-26 $230,000-$779,000

West Chicago-New 10 $248,900-$649,800 Closed-11 $140,000-$436,000

Winfield-New 10 $269,900-$675,000 Closed-5 $215,000-$622,000

Yorkville-New 18 $150,000-$550,000 Closed-12 $187,000-$392,000

Contracts accepted this week

Contracts accepted by Sellers was up slightly this week. 338 this week compared to 311 the week before. We have had nothing but rain. It has not kept the Buyers away though. They know that they better look now or they will miss out on a property. You can’t sit back and wait for a better time.

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

Aurora-45 Bolingbrook-20 Geneva-12 Montgomery-10

Naperville-58 North Aurora-14 Oswego-20 Plainfield-46

St Charles/Campton Hills-17 Yorkville-20

Look at the monthly totals so far this year of accepted contracts:

January-608
February-832
March-1,375
April-1,307
May so far-338

So far this year March has been the best month over all. May is looking like the month to pass up March. We are off to a great start this month. Don’t sit back and wait. It still is a great time to get your home on the market or look for a home to purchase.

Short sales accepted by Sellers is exactly the same this week as the week before. 3 both weeks. Now they will be submitted to the lender to see if they will also accept as written.

Contracts were accepted by Sellers that are contingent on the Buyer closing on their current home before purchasing. 9 with a kick-out clause of 72 hours, 13 with 48 hours and 2 with 24 hours.

Sellers also accepted contracts that are contingent on the Buyer selling and closing on their current home before purchasing. 3 with a kick-out clause of 72 hours, 7 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 you are selling or buying a home.

Contact us to update the market value on your home. We will provide you with a net proceeds that gives you and estimate of expenses to sell. We will update this when an offer comes in and we know all the terms so you can make an informed decision.

Resources for you to check out:

Fox Valley market update May 4 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

You might want to try this tool and see if you like it better for your search. You can see a satellite view so you can see if a home is on a corner, if it has a back yard or what else is for sale in the neighborhood.

Fox Valley Market Update-April 27 2019

Posted on April 27, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update-April 27 2019

Fox Valley market update-April 27 2019. New listings of single family homes are up this week! 405 this week compared to 341 the week before. Great news for buyers that are having a hard time finding just the right home in the right location. There is more to choose from. If you are having a hard time finding a home in a certain location let us know. We will see what we can do.

Look at the activity so far for this year for New listings of home:

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

There is only 3 days left of the month so I do not think we will catch up to March totals.

Closed listings this week were exactly the same as the week before. 208 this week and also the week before. Monday and Tuesday will be busy with closings so that will bring up the total for the first week in May.

Closed listings for the year so far:

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

Take a look at the activity this week in the Fox Valley:

Aurora-New 46 $119,900-$1,250,000 Closed-28 $75,000-$414,000

Batavia-New 16 $239,900-$579,900 Closed-3 $214,000-$522,000

Bolingbrook-New 28 $173,900-$785,000 Closed-23 $129,150-$340,000

Geneva-New 17 $229,900-$995,000 Closed-12 $196,000-$545,000

Naperville-New 93 $259,900-$2,299,000 Closed-28 $300,000-$851,000

North Aurora-New 12 $184,900-$464,774 Closed-4 $215,000-$328,000

Oswego-New 25 $187,900-$749,000 Closed-11 $154,000-$437,900

Plainfield-New 44 $155,000-$1,300,000 Closed-25 $170,000-$399,000

St Charles/Campton Hills-New 32 $225,000-$899,900 Closed-13 $204,900-$755,000

Sycamore-New 11 $145,000-$499,900 Closed-7 $40,000-$339,900

Yorkville-New 18 $160,000-$455,000 Closed-11 $215,000-$499,990

Contracts Accepted this Week

Contracts accepted this week were down. 311 this week compared to 341 the week before.

Sellers accepted the most contracts in these communities this week:

Aurora-34 Batavia-11 Bolingbrook-19 Geneva-13

Montgomery-12 Naperville-47 Oswego-25 Plainfield-36

St Charles/Campton Hills-28 West Chicago-10 Yorkville-10

Look at the year so far:

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

It looks like March is the best month so far this year in the Fox Valley area.

Short sales this week were also down. 3 this week compared to 7 the week before. There was 1 each in Aurora, Bolingbrook and Plainfield accepted this week. 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 before purchasing. 5 with a kick-out clause o f72 hours, 18 with 48 hours and 5 with 24 hours.

Contracts were also accepted by Sellers 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 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jefferey Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101 with any questions you have. Our goal is to negotiate price and terms that are best whether selling or purchasing a home.

If you are thinking about selling this year right now is the best time to sell. Don’t miss out on Spring market.

Are you thinking about purchasing? Your first step is to contact a loan officer to get pre-qualified so you know what type of loan and price range will work out best for you.

Resources to check out:

Fox Valley market update-April 27 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Try out a different way to search for a home that lets you see where in the neighborhood the home is situated. Does it have a back yard? Is there anything else in the neighborhood for sale? What are the prices.

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.