2021 market update week 9

Posted on March 6, 2021March 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 9

2021 market update week 9. Here in the Fox Valley new listings of single family homes are up. 190 this week compared to 152 the week before. The gorgeous weather we are having has prompted sellers to get going on putting their homes on the market. We are very excited about that. There just is not enough homes for buyers to look at and this is helping. We still need more so let us know if you are thinking about selling.

Closed listings of single family homes was slightly higher. 213 this week compared to 208 the week before. Some closing that should of closed at the end of the month spill over to the beginning of the next month. Next week they might be slightly lower and then will pick back up as we get closer to the end of the month when most buyers want to close.

We are still closing on more homes than are coming on the market. It continues to be a seller’s market. Prices are still rising.

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

Aurora-New 20 $129,900-$514,900

Closed-25 $145,000-$525,000

Bolingbrook-New 4 $274,900-$359,900

Closed-19 $195,000-$445,900

Geneva-New 14 $309,900-$1,875,000

Closed-9 $267,000-$536,000

Montgomery-New 5 $214,900-$333,900

Closed-16 $115,000-$333,850

Naperville-New 45 $275,000-$1,474,999

Closed-35 $233,100-$950,000

Oswego-New 17 $240,000-$509,900

Closed-17 $217,000-$641,944

Plainfield-New 19 $209,400-$549,213

Closed-20 $263,000-$519,000

St Charles/Campton Hills-

New-12 $200,000-$995,000

Closed-12 $220,000-$1,100,000

Yorkville-New 7 $290,000-$1,150,000

Closed-17 $144,900-$435,000

Contracts accepted this week

Contracts accepted on single family homes this week were slightly higher. 260 this week compared to 257 the week before.

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

Aurora-34 Bolingbrook-14

Geneva-10 Naperville-50

Oswego-16 Plainfield-26

St Charles/Campton Hills-14 Yorkville-14

No short sales accepted by seller’s this week. That does not mean that there is not any short sales on the market.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-put clause of 72 hours, 10 with 48 hours and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 1 with 48 hours.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 190 213 260

Totals 1294 1466 1867

Check back with us every Saturday for the 2021 market update. At the end of each month we take a look back at 2020 and 2019 to see how things are going this year compared to those years.

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.

Thinking about selling this year? Buyers have not stopped looking. There is not enough homes on the market. It is a great time to sell! Request a home valuation and give us some details about any improvements you have made and some of your homes features. We will let you know what it is worth in today’s market. Also, we will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are wanting to buy a home this year you need to contact a loan officer to get prequalified before you begin. Get 2 years of tax returns, pay stubs and all your payment and investment information together before you call. They will provide you with a letter that shows what type of loan and price that works out best for you. We will attach this with an offer when you find a home so the sellers will know that you do qualify for their home.

Resources

We have some great brochures about homeownership if you would like me to email them to you on

Don’t go it alone
How much can you afford
Understanding the cost
Requirements for Septic System owner
Buying a condominium
Special Service Area
Getting it Sold
Radon
Lead based paint

Click on the contact form and let us know which ones to send to you.

Let me know if there is other information that you are looking for and I will point you in the right direction. If you need recommendations of real estate attorneys, home inspectors or loan officers we will provide a few that we have successfully worked with and you can decide which one to work with.

2021 market update week 9. 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

2021 market update week 8

Posted on February 28, 2021February 28, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 8

2021 market update week 8. New listings of single family homes were up this week. 152 this week compared to 133 the week before. We have had a wonderful week with temperatures. It feels like Spring!

Closed listings on single family homes were also up this week. 208 this week compared to 134 the week before. That is the difference of a week at 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 27 $115,000-$775,000

Closed-24 $122,000-$512,000

Bolingbrook-New 5 $269,900-$348,000

Closed-12 $170,000-$432,000

Geneva-New 4 $324,900-$1,150,000

Closed-12 $175,000-$600,000

Naperville-New 43 $299,000-$2,300,000

Closed-41 $265,000-$1,350,000

Oswego-New 7 $325,000-$499,900

Closed-12 $271,000-$387,000

Plainfield-New 11 $250,000-$1,189,000

Closed-23 $205,000-$540,000

St Charles/Campton Hills-

New 7 $269,900-$809,000

Closed-20 $280(which must be a mistake)-$815,000

Yorkville-New 6 $173,900-$364,900

Closed-11 $274,000-$519,900

Contracts accepted this week

Contracts accepted on single family homes were also up this week. 257 this week compared to 242 the week before. You can see the buyers are out there. With only 152 new listings we are not increasing inventory of homes. Now is the time to sell if you are thinking about it. It continues to be a seller’s market with prices increasing.

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

Aurora-31 Bolingbrook-14

Geneva-13 Naperville-37

Oswego-18 Plainfield-41

St Charles/Campton Hills-24 Yorkville-15

Only 1 short sale was accepted by a seller this week. It was in Elburn. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours.

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

2021 market update week 8 and also a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

totals 1104 1253 1607

2020

January 1105 566 858

February 1267 529 1024

Totals 2372 1095 1882

2019

January 878 407 568

February 1032 463 832

Totals 1910 870 1400

Closed is the column to look at. These are actual numbers. New listings can be relisted and contracts accepted can have an issue come up and go back on the market. Look how low we are with new listings even though more homes have closed this year. If you are wondering why agents are knocking on your door or you are getting something in the mail it is because of the buyers out there with nothing to look at. If you are thinking about selling now is the time.

Check back with us every Saturday for the market update. At the end of each month I will compare it to the previous 2 years so you can see how this year is going.

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.

If you are thinking about selling this year request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home this year? Talk with a loan officer first to get prequalified. Get all your information together and keep it in a folder to keep handy. They will provide you with a letter showing what type of loan and what price works out best for you. When you find a home this will go with your offer to show the seller that you do qualify for their home.

Resources that might help you:

If there is other information that you are looking for let me know and I will point you in the right direction. We can recommend a few real estate attorneys, home inspectors or loan officers so you can choose who you want to work with.

2021 market update week 8. 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

2021 market update week 6

Posted on February 13, 2021February 13, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 6

2021 market update week 6. New listings of single family homes is up by exactly 20. 148 this week compared to 128 the week before. Even with all the snow seller’s made the decision to put their home on the market. Great choice because we are in a seller’s market! We hope this will increase as we go forward. There are too many buyer’s out there waiting for new listings to come on the market.

Closed listings of single family homes was down this week. 116 this week compared to 146 the week before. Closings will increase as we head to 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 24 $129,900-$634,999

Closed-13 $110,000-$430,000

Bolingbrook-New 5 $199,900-$299,900

Closed-14 $205,000-$368,000

Naperville-New 27 $339,900-$2,399,000

Closed-19 $357,000-$915,000

Plainfield-New 16 $239,900-$479,900

Closed-13 $195,000-$452,500

St Charles/Campton Hills-

New 14 $269,900-$3,995,000

Closed-10 $262,500-$815,000

Contracts accepted this week

Contracts accepted on single family homes was down this week. 228 this week compared to 251 the week before. New listings were down last week so that probably contributed to lower accepted contracts this week.

Look at the communities with the most contracts accepted this week:

Aurora-37 Batavia-11

Bolingbrook-16 Geneva-11

Naperville-52 Oswego-19

Plainfield-23 St Charles/Campton Hills-10

5 short sales were accepted this week. 3 in Aurora and 1 each in Geneva and Waterman. Now they will be submitted to the lender to see if they will also accept.

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

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours, 4 with 48 hours and 1 that might be 24 hours but it was not marked so I don’t know.

There is still confidence in the market with sellers accepting these contingencies.

2021 market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 276 262 479

Totals 819 911 1308

Closed listings is the numbers you should pay attention too. They are actual numbers. New listings can be cancelled and relisted as new and contracts accepted sometimes do not make it past the home inspection and attorney review and go back on the market. Then get a contract accepted again.

At the end of each month I will compare to the previous 2 years so you have something to compare to so you can see how this year is going.

Check back with us every Saturday for the 2021 market update.

Contact us

Call us at 630-503-6555. Your goal is our goal. We will do everything we can to help you reach your goal whether buying/selling a home.

Thinking about selling this year? Request a home valuation and give us some details about your home and any updates that you have recently completed. We will let you know what it is worth 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.

If you are thinking about buying a home you will need to contact a loan officer to get prequalified. Get together 2 years of tax returns, pay stubs, bank statements, credit card statements, car loan information and any other monthly expenses you have. They will provide you with a letter showing the price and type of loan that works out best for you. When you find a home this will need to go with your offer so you can show the seller that you do qualify for their home.

Resources to check out:

There is some great information in each of these sites. If there is any other information that you are looking for let me know and I will point you in the right direction.

Do you need recommendations on loan officers, real estate attorneys or home inspectors? We can give you a few of each to contact so you can decide who you want to work with.

2021 market update week 6. 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

2021 market update week 5

Posted on February 6, 2021February 6, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 5

2021 market update week 5. Slightly more listings of single family homes added this week. 128 this week compared to 120 the week before. Buyer’s are looking for so much more to hit the market. Especially more in each price range. Multiple offers are here until we see a big jump in homes coming on the market.

Closed listings of single family homes was slightly down. 146 this week compared to 159 the week before. The decrease from the end of January to the beginning of February was not that great. They should slightly increase from here to the end of the month.

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

Aurora-New 19 $130,000-$424,900

Closed-24 $125,000-$392,500

Bolingbrook-New 7 $225,000-$494,000

Closed-11 $166,000-$364,000

Naperville-New 25 $299,000-$1,850,000

Closed-29 $250,000-$1,250,000

Plainfield-New 18 $225,000-$474,633

Closed-19 $210,000-$612,500

St Charles/Campton Hills-

New 8 $285,000-$1,500,000

Closed-12 $255,000-$630,000

Contracts accepted this week

Contracts accepted on single family homes this week was slightly higher. 251 this week compared to 246 the week before. These numbers would be so much higher if there were more homes on the market. It does not seem to matter what time of year it is like most years. Buyer’s have been looking and waiting for so long that they will grab a home when they can get it. It makes it kind of hard when you are working around a lease.

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

Aurora-26 Bolingbrook-18

Geneva-15 Naperville-41

Oswego-18 Plainfield-33

St Charles/Campton Hills-26 Yorkville-15

4 short sales were accepted by seller’s this week. 1 each in Aurora, Bolingbrook, Montgomery and Warrenville. Now they will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours and 5 with 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 4 with 48 hours.

2021 by the month

Month New Closed Contracts accepted

January 543 649 829

February 128 146 251

Totals 671 795 1080

Check back with us every Saturday for the 2021 market update. At the end of each month I will show you the previous 2 years so you will have something to compare too so you can see how the market is doing.

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.

Homes are selling like hotcakes! If you have been thinking about making a move, now is the time to sell. Get rid of all the unnecessary things you have been holding on to. Do a deep clean and put a fresh coat of paint in each room. Check for any repairs that need to be tended to now. Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you and 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.

Are you thinking about buying a home this year? Get in touch with a loan officer to get prequalified. You will need 2 years of tax returns, pay stubs, bank statements, car payment and credit card information. If you have any other monthly payments you will need to have them too. They will provide you with a letter showing the price and type if loan that will work out best for you. When you find a home this will go with an offer to show the seller that you qualify for their home.

Resources to check out:

Let me know what other information you are looking for and we will point you in the right direction. We will also give you a few recommendations for loan officers, real estate attorneys and home inspectors if you don’t have someone already.

I am here to guide you through the process.

2021 market update week 5. 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

2021 market update week 1

Posted on January 9, 2021 by Kristine Heiman, Designated Managing Broker

2021 market update week 1

2021 market update week 1. It is the first full week of 2021. New listings of single family homes almost doubled this week. 136 this week compared to 73 the week before. Now that we are past the holidays things should get rolling along.

Closed single family homes this week were slightly down. 167 this week compared to 178 the week before. Not too bad for the first week of the year. Last week buyers were trying to get closed before the end of the year.

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

Aurora-New 10 $145,000-$399,900

Closed-25 $115,000-$565,000

Batavia-New 2 $349,000-$479,900

Closed-12 $279,000-$525,000

Bolingbrook-New 2 $247,300-$269,900

Closed-17 $185,000-$420,000

Geneva-New 6 $174,900-$449,900

Closed-10 $130,107-$1,050,000

Naperville-New 39 $349,900-$10,500,000

Closed-15 $265,000-$900,000

Oswego-New 12 $289,900-$550,000

Closed-$230,000-$422,400

Plainfield-New 25 $250,000-$699,900

Closed-18 $260,000-$528,317

St Charles/Campton Hills-

New-6 $315,000-$1,190,000

Closed-13 $240,000-$565,000

Yorkville-New 4 $275,000-$699,900

Closed-10 $185,000-$575,000

I highlighted the communities with the most activity. You should be able to click on the photo to see all the communities with activity this week.

If you know you will be purchasing a home for a short time period you might want to stick to the communities that constantly have more activity. It all depends on the price range and what you are looking for.

Contracts accepted this week

This first week of 2021 saw buyers back out there again ready to write offers. Sellers accepted 159 contacts this week compared to 120 the week before.

Look at the communities sellers accepted the most contracts this week;

Aurora-17 Bolingbrook-12

Geneva-13 Naperville-23

Plainfield-13 St Charles/Campton Hills-21

Only 1 short sale was accepted this week by a seller. It was in Sugar Grove. Now it will get 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. 3 with a kick-out clause of 72 hours, 1 with 48 hours and 1 with 24 hours.

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

Resources that might help you

Always check with your loan officer to see what offers they have to help, but these are also worth your time to check.

If there is any other information that you are looking for just let me know I would be happy to point you in the right direction.

Do you need recommendations for loan officers, real estate attorneys or home inspectors? We can recommend a few that we have successfully worked with in in the past.

Contact us

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

Thinking about selling your home this year? Request a home valuation and give us a little information about your home. What updates you have recently completed and when you would like to get your home on the market. We will 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 this year you will need to get some things together and contact a loan officer to get prequalified. 2 years of tax returns, pay stubs, bank statements, car payment information, credit card information and any other monthly expenses. Keep them in a folder. You will need to probably send this information again once you apply for a loan when you find a home. You will be given a letter from your loan officer showing the type of loan and price that you qualify for. We will need to send this with an offer when you find a home.

2021 market update week 1. 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

Market update Fox Valley week 53

Posted on January 2, 2021January 2, 2021 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 53

Market update Fox Valley week 53. Yes week 53. When a leap year and the first day of the year is a Wednesday we have 53 weeks in the year according to timeanddate.com. Most of the business days this week were in 2020.

New listings of single family homes were up this week. 73 this week compared to 63 the week before. Not too bad for in between 2 holidays.

Closed listings this week of single family homes were also slightly up. 178 this week compared to 163 the week before.

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

Aurora-New 11 $124,900-$325,000

Closed-31 $138,000-$620,000

Bolingbrook-New 6 $195,000-$364,000

Closed-11 $199,000-$560,000

Naperville-New 8 $272,900-$879,000

Closed-28 $265,000-$3,400,000

Plainfield-New 13 $194,888-$464,900

Closed-27 $165,000-$549,999

St Charles/Campton Hills-

New 6 $332,500-$1,275,000

Closed-14 $191,000-$775,000

These are the communities that perform higher than most week after week throughout the year.

Contracts accepted this week

We saw a very nice increase in contracts accepted this week by sellers. 120 this week compared to 93 the week before.

Buyers did not sit on the sidelines between the holidays. 2021 is expected to be more of the same as 2020. We are hoping for more inventory so buyers have more to choose from.

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

Aurora-25 Naperville-24

Plainfield-14 St Charles/Campton Hills-10

1 short sale was accepted by a seller this week. It was in Bolingbrook. Now it 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. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 1 with a kick-out clause of 48 hours and 1 with 24 hours.

2020 by the month and a look back at 2019 and 2018

2020

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 513 971 783

Totals 12343 11869 14146

2019

January 878 407 568

February 1032 463 832

March 1731 915 1375

April 1594 792 1307

May 1645 995 1280

June 1643 1253 1218

July 1423 1008 1090

August 1585 1330 1196

September 1164 765 869

October 1041 738 776

November 897 946 839

December 496 638 497

Totals 15129 10250 11847

2018

January 808 489 606

February 1040 444 856

March 1549 907 1564

April 1515 836 1278

May 1569 1066 1344

June 1828 1720 1474

July 1318 994 1061

August 1294 1032 989

September 1479 1093 1078

October 1042 712 748

November 729 739 653

December 665 762 602

Totals 14836 10794 12253

Of the 3 years 2020 was the best for closed listings of single family homes. Closed listings is the most important column to look at because these are actual numbers.

New listing and contracts accepted both can end up listed more than once. Sometimes agents after a couple months add them as a new listing again. Lately not too many properties stay on the market that long though. Listings of homes that seller accepts a contract sometimes do not make it past the home inspection and attorney review period.

Even though new listings might of been counted more than once, 2020 had the least amount of new listings with the most closed homes. That is why prices are rising the way they are. Inventory is severely low.

2020 also saw the most contracts accepted. Buyers are ready to go. They are not afraid to write the offer. They know they are up against multiple offers so they are writing their best offer right away.

The lowest month for closed listing in 2020 was 529 in February and it was higher than the lowest month in the previous 2 years.

2018 saw the highest amount of closed listings in June and it was highest of the 3 years. August was the highest amount of closed in 2019 but it was below the highest month of 2020 that was in September. Most years you see the highest amount during the summer months and before school starts. This year with e-learning you can see that the market was extended until October

Contact us

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

Thinking about selling in 2021? Request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of 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.

If you are wanting to buy a home in 2021 you need to get some items together and contact a loan officer. They will want a couple of years of tax returns, pay stubs, bank statements, credit card information, car payments and any other monthly payments you have. Once they go over your credit information they will give you a letter that shows you what type of loan will work out best for you and what price. This letter will go with an offer when you find a home. It needs to be updated if it is older than 30 days.

Check out some great resources that might help you:

If you are looking for any other information let us know and we will point you in the right direction. We can make recommendations for loan officers, real estate attorneys and home inspectors we have successfully worked with in the past.

Market update Fox Valley week 53. Happy New Year! 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

Market update Fox Valley week 51

Posted on December 19, 2020December 19, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 51

Market update Fox Valley week 51. New listings this week were down almost 32%. 100 new listings of single family homes this week compared to 147 the week before. Sellers are waiting to get through the holiday at this point. Next couple of weeks it should improve.

Closed listings were consistent with the week before. 242 closed single family homes this week compared to 241 the week before. Next week is the last week of the month and year so there should be an increase then.

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

Aurora-New 13 $179,000-$350,000

Closed-34 $108,500-$675,000

Bolingbrook-New 6 $245,000-$509,900

Closed-10 $165,000-$429,000

Naperville-New 15 $395,000-$1,195,000

Closed-48 $140,000-$2,900,000

Oswego-New 3 $345,000-$450,000

Closed-10 $235,000-$498,000

Plainfield-New 13 $235,000-$554,000

Closed-28 $230,000-$550,000

St Charles/Campton Hills-

New-3 $414,900-$995,000

Closed-23 $196,500-$760,000

Yorkville-New 15 $268,490-$345,000

Closed-13 $217,000-$705,001

Contracts accepted this week

Contracts accepted this week by sellers was pretty consistent. 189 single family homes accepted this week compared to 194 the week before. Definitely some excited buyers and sellers right before Christmas! Finding a home or getting a contract on your home is the first step to reaching your goal.

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

Aurora-27 Naperville-27

Oswego-12 Plainfield-25

St Charles/Campton Hills-17 West Chicago-10

2 short sales were accepted by sellers this week. 1 each in Naperville and Sugar Grove. 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. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. Only one this week with a kick-out clause of 48 hours.

2020 by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 567 985 699

December 377 630 570

Totals 12207 11528 13933

Closed listings of single family homes is the most important column to look at. This is actual numbers. September was the best month so far this year followed by July then August.

New listing numbers you can’t count on because some of them were canceled and relisted. The same for contracts accepted. Some of them did not make it through the home inspection and attorney review period for many different reasons and were put back on the market and then get a contract again.

It continues to be a sellers market. Low inventory is causing prices to go up and we are seeing multiple offers continue with so many buyers still trying to find a home.

Next week is the last week of the year. We will compare this year to 2019 and 2018 so you can see how this year compares to the previous 2 years.

Contact us

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

If you are thinking about selling your home request a home valuation so we can let you know what your home is worth in today’s market. We will provide you with a net proceeds that shows you an estimate of expenses to sell and what you might walk away with at closing. 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 in 2021? You need to contact a loan officer to get prequalified first. Get 2 years of tax returns, pay stubs, bank statements, credit card payments, car payments and any other payments you make monthly together and get them to a loan officer so you can see what price range and what type of loan will work out best for you. They will provide you with a letter that shows what you qualify for and that will go with an offer when you find the right home. Sellers want to know that you qualify for their home before they will consider your offer.

Check out some great resources:

Let us know if you are looking for any other information and we will be happy to point you in the right direction.

Market update Fox Valley week 51. Have a great week and Merry Christmas!

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

Market update Fox Valley week 46

Posted on November 15, 2020November 15, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 46

Market update Fox Valley week 46. New listings of single family homes are down 12.64%. 152 this week compared to 174 the week before. We are definitely not listing enough homes to meet the demand of buyers.

Closed listings of single family homes are also down by 30.18%. 199 this week compared to 285 the week before. Closings in the beginning of the month are to be expected. Most buyers want to close at the end of the month.

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

Aurora-New 20 $139,900-$389,000

Closed-25 $80,.000-$450,000

Batavia-New 3 $239,000-$335,000

Closed-10 $212,000-$435,000

Bolingbrook-New 11 $229,900-$414,900

Closed-7 $205,000-$576,000

Montgomery-New 4 $188,900-$389,000

Closed-10 $197,950-$339,000

Naperville-New 25 $275,000-$849,900

Closed-33 $247,000-$1,480,000

Oswego-New 6 $239,900-$525,000

Closed-12 $210,000-$437,500

Plainfield-New 22 $169,000-$569,000

Closed-24 $190,500-$537,500

St Charles/Campton Hills-

New-13 $229,000-$789.800

Closed-14 $190,000-$667,449

Contracts accepted this week

Contracts accepted this week on single family homes were very consistent. 239 this week compared to 233 the week before. Even though there were less listings this week buyers were still finding a home. They fought for them with multiple offers in a lot of cases.

Look at the communities sellers accepted the most contracts:

Aurora-45 Bolingbrook-20

Naperville-26 Oswego-17

Plainfield-28 St Charles/Campton Hills-18

Yorkville-10

Only 1 short sale was accepted by a seller this week. It was in Plano. Now it 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. 3 with a kick-out clause of 72 hours, 14 with 48 hours and 4 with 24 hours.

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

2020 market update by the month

Month New Closed Contracts accepted

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

July 1417 1453 1852

August 1037 1335 1436

September 1176 1503 1503

October 843 1116 1159

November 326 484 472

Totals 11589 10397 13136

September is the best month so far this year for closed single family homes. This is the only column with actual numbers you can count on.

New listings can be relisted as new. Some agents do this so it does not look like it has been on the market very long.

Contract accepted may not end up closing because of home inspection issues or attorney review items could not be satisfactory negotiated. They might be reactivated and then go contract pending again. So you can’t count on these numbers.

At the end of each month I will compare to 2019 and 2018 so you can get an idea of how this year is going compared to those years.

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.

Request a home valuation if you are thinking about selling your home. We will provide you with a net proceeds that gives you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms so you can make a good decision.

Are you thinking about buying a home? You need to get your tax returns, check stubs, bank statements and any monthly payments like car payments together and contact a loan officer so they can prequalify you. They will provide you with a letter that shows what price and what type of loan you qualify for. When you find a home this will go with an offer so you can show the seller you do qualify for their home.

Check out some great resources:

Also check with your lender for any special programs they have. You might be able to combine down payment assistance with some of their programs.

Homes are selling like hotcakes so if you are thinking about selling now is a great time!

Check back with us every Saturday for the market update. Call us in-between with any questions or if you see something you would like to take a look at.

Market update Fox Valley week 46. 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