Market Update Fox Valley-January 19 2019

Posted on January 19, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-January 19 2019

Market update Fox Valley-January 19 2019. Happy Saturday! Hope you had a great week. New listings this week were slightly down. 224 this week compared to 279 last week. The weather this last week was not too bad so that was not a factor like it will be next week with the snow and colder temps we are getting this weekend.

Closed listings this week were slightly up. 115 closed homes this week compared to 101 last week. These should increase as we get closer to the end of the month. January is not a fun month to move but if you find a home now and close in February or March you might have better weather. You just never know how it will work out. We really have had a mild winter so far.

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

Aurora-New 27 $134,900-$609,000 Closed-17 $80,000-$492,500

Geneva-New 12 $299,900-$795,000 Closed-5 $237,500-$410,000

Naperville-New 52 $299,900-$6,095,000 Closed-19 $210,000-$1,320,000

Plainfield-New 26 $199,000-$549,900 Closed-12 $155,500-$350,600

St Charles/Campton Hills-New 30 $239,900-$799,000 Closed-10 $219,000-$732,000

Yorkville-New 17 $209,900-$1,200,000 Closed-2 $300,000-$595,000

Contracts Accepted this Week

Contracts accepted this week were up. 193 this week compared to 129 last week. That is great news! Buyers are still out there looking. You do not have to wait for Spring market to sell your home. If location, price and condition are just right it will sell.

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

Aurora-30 Bolingbrook-14 Naperville-38

Oswego-12 Plainfield-19 St Charles/Campton Hills-14

Short sales were slightly down this week. 5 this week compared to 8 last week. 1 each in Aurora, Bolingbrook, Geneva, Plainfield and West Chicago. Now they will be submitted to the lender to see if they will also accept contract as written.

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

Contracts were also accepted by Sellers that are contingent on the sale and closing of the Buyers current home before purchasing. 5 with a kick-out clause of 72 hours, 3 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. We just recently moved our office to 200 Webster St Montgomery, IL 60538. Stop in to see us!

Our goal is to negotiate price and terms that are best whether buying or selling your home. We make it our business to find the perfect fit for your needs. We will explain the process so you are comfortable. Assist you with finding a loan officer, home inspector and real estate attorney. You want a great team getting you to a successful closing.

Helpful things to checkout:

Market Update Fox Valley-January 19 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

Market Update Fox Valley-January 12 2019

Posted on January 12, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley

Market Update Fox Valley-January 12 2019. New listings are really starting to pick up. 279 new listings this week compared to 166 last week. Buyers you now have more choices to choose from. If you need to update your preapproval letter now is the time to do that. It should be no older than 30 days.

Closing this week were pretty close to last week. 101 closings this week compared to 109 last week. Last week some of them were ones that didn’t close by the end of December and had to carry over into the new month. The beginning of the month is usually slower with closings. They should pick up as we get closer to the end of the month. That is when most buyers want to close so they can bring less money to closing.

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

Aurora-New 38 $132,500-$499,000 Closed-12 $50,500-$359,900

Bolingbrook-New 13 $159,900-$395,000 Closed-10 $145,000-$402,000

Geneva-New 10 $195,000-$929,900 Closed-5 $205,000-$522,153

Naperville-New 65 $249,000-$1,225,000 Closed-17 $150,000-$1,260,000

Plainfield-New 42 $174,000-$725,000 Closed-10 $167,000-$475,000

St Charles/Campton Hills-New 27 $225,000-$1,200,000 Closed-8 $244,000-$625,000

Yorkville-New 16 $199,900-$499,900 Closed-2 $207,500-$365,000

Contracts Accepted this Week

Contracts accepted this week were slightly up. 129 contracts accepted by Sellers this week compared to 114 last week. Things are starting to pick back up after the holidays. More inventory might get even more people out this week. If you are thinking about selling now is a good time to beat the Spring rush where you will have more competition to sell.

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

Aurora-21 Bolingbrook-15 Naperville-20

Plainfield-18 St Charles/Campton Hills-13

Accepted contracts for short sales doubled this week. 8 this week compared to 4 last week. Now they will be submitted to the lender to see if they will also accept as written. These numbers are still very low and we hope they stay that way. 2 of those were properties in Aurora and 1 each in Batavia, Bolingbrook, Montgomery, North Aurora, St Charles/Campton Hills & West Chicago.

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

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home before purchasing. 1 with a kick-out clause of 72 hours and also 1 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 with all of your real estate questions. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. We make it our business to find you the perfect fit for your needs.

Do you need to find a loan officer? We can make some recommendations of ones we have successfully worked with so you can get preapproved. The letter they provide you with will need to go with an offer when we find a home that you like.

Thinking about selling this year? Contact us to update the value on your home in the current market and let you know what you need to do to get your home market ready. We will provide you with a net proceeds that is an estimate of expenses to sell. This will be updated when an offer comes in and we know all of the terms so you can make an informed decision.

Things you might want to check out:

This market update is for Single Family homes only. If you would like information on other types of properties let us know. We would be happy to provide it to you.

Market update Fox Valley-January 12 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

Market Update Fox Valley-August 4 2018

Posted on August 4, 2018 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-August 4 2018

Market update Fox Valley-August 4 2018. This week we saw a very nice increase in new listings of single family homes. 363 this week compared to 294 last week. Sellers are finishing up with their vacations and getting down to business of putting their homes on the market.

Closed listings were also up this week. 294 this week compared to 268 last week. Most of those closing probably happened on Monday and Tuesday the last 2 days of the month. These next 2 weeks might be unusually more active with buyers wanting to close before school starts. Buyer usually try to close the end of the month so they bring less money to closing.

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

Aurora-New 35 $105,000-$474,900 Closed-62 $65,000-$584,900

Batavia-New 9 $214,900-$619,000 Closed-11 $139,000-$523,000

Bolingbrook-New 25 $136,500-$424,900 Closed-27 $155,000-$580,000

Elburn-New 10 $289,900-$1,595,000 Closed-5 $169,900-$380,000

Geneva-New 20 $219,000-$890,000 Closed-21 $198,500-$660,000

Montgomery-New 11 $179,900-$269,962 Closed-20 $135,000-$265,000

Naperville-New 74 $225,000-$6,800,000 Closed-40 $190,000-$1,420,000

Oswego-New 21 $165,000-$375,000 Closed-19 $123,500-$525,600

Plainfield-New 45 $150,000-$565,000 Closed-37 $175,000-$537,500

Plano-New 10 $115,000-$259,900 Closed-10 $23,000-$273,200

St Charles/Campton Hills-New 33 $130,000-$850,000 Closed-31 $197,500-$815,000

West Chicago-New 11 $237,500-$499,000 Closed-12 $160,000-$518,000

Yorkville-New 12 $209,888-$349,900 Closed-13 $179,900-$405,000

Market Update Fox Valley-August 4 2018-Contracts Accepted This Week

Contracts accepted this week were down. 254 this week compared to 278 last week. We should see an increase next week with all the new listings from this week. More listings to choose from which is great for buyers still looking.

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

Aurora-44 Batavia-14 Bolingbrook-17

Montgomery-14 Naperville-39 Oswego-21

Plainfield-22 St Charles/Campton Hills-21 Yorkville-10

Homes that are selling as a short sale also saw contracts accepted this week. 3 this week compared to 4 last week. We are happy to continue to see low numbers on these homes. Prices have increased with low inventory and so many homeowners are able to sell at what they owe or more so we are not seeing so many selling as a short sale. Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home. Buyers have already accepted a contract on their home but need to close to purchase. 3 with a kick-out clause of 72 hours, 13 with 48 hours and 4 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer selling their home and closing. Buyers might or might not already have their current home on the market. They still need to sell their home and close before purchasing. 5 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 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 purchasing a home.

Let us do a market analysis on your home to let you know the value in the current market. We will provide you with a net proceeds so you know the costs to sell your home so you have an estimate of what you will walk away with at closing. We will also update this when an offer comes in and we know all the terms of the offer so you can make an informed decision.

Learn about the different types of loans and the process so when you talk to a loan officer to get pre approved for a loan you are ready with good questions to ask. This is the first step before looking for a home. You will need a letter from a loan officer showing what you qualify for when you find the right home. It will be submitted with your offer so sellers know that you qualify for their home before they will accept it.

If you are a veteran you will need to know the requirements and process for getting a VA loan. This might be a good time for you to use your benefits.

It is always a good idea to see what is out there that might help you with down payment or closing costs when you are purchasing. There are a lot of programs out there. It might be worth it to take some time to take a look. Some communities also offer help. You might also want to go to the community website you are looking in.

Do you know where the current interest rates are? Your credit score will determine what you are offered. Your loan officer might be able to help you to bring up your score so you get the best interest rate.

Market update Fox Valley-August 4 2018. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com