2021 Real Estate Market Update Week 26

Posted on July 3, 2021July 3, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 26

2021 real estate market update week 26. New listings this week are down. 239 this week compared to 285 the week before. Next week hopefully will be better with getting past the holiday.

Closings this week were way up. 419 this week compared to 292 the week before. Usually closing are up at the end of the month but some of these might of been delayed closings.

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

Aurora-New 29 $149,900-$595,000

Closed-63 $106,000-$753,000

Bolingbrook-New 18 $174,900-$501,375

Closed-29 $194,000-$513,925

Geneva-New 10 $275,000-$864,900

Closed-19 $249,500-$1,700,000

Naperville-New 47 $249,900-$1,650,000

Closed-80 $265,000-$1,649,000

North Aurora-New 5 $224,900-$359,900

Closed-12 $205,000-$500,000

Oswego-New 10 $275,000-$725,000

Closed-15 $250,000-$465,000

Plainfield-New 32 $185,000-$550,000

Closed-52 $160,000-$640,000

St Charles-New 21 $180,000-$705,000

Closed-40 $184,900-$1,450,000

Sycamore-New 6 $105,000-$439,000

Closed-15 $117,000-$585,000

Warrenville-New 0

Closed-12 $216,000-$740,000

West Chicago-New 6 $324,000-$850,000

Closed-13 $210,000-$530,000

Yorkville-New 7 $335,000-$565,000

Closed-15 $221,000-$400,000

Median list price this week is $369,504, and the week before was $370,000

Median closed price this week is $370,000, and the week before was $373,750.

Contracts accepted this week

Contracts accepted this week were down. 325 this week compared to 355 the week before. This July 4th holiday has impacted the market this week. We should get back to normal next week.

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

Aurora-50 Batavia-18

Bolingbrook-22 Geneva-14

Naperville-62 Oswego-16

Plainfield-31 St Charles-30

Yorkville-15

No short sales were accepted by seller’s this week. Most homes have appreciated in this market enough that they would not have to sell short.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 7 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month and a look back at 2020 and 2019

2021

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 1450 1686 1671

Totals 5641 6192 7409

2020

January 1105 566 858

February 1267 529 1024

March 1186 707 1079

April 648 786 775

May 1352 1010 1444

June 1232 908 1534

Totals 6790 4506 6714

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

Totals 8523 4825 6580

Even in a tighter market with less new listings than the previous 2 years 2021 closed on more homes. We are at the halfway mark for the year. Prices are up. We are still seeing multiple offers. It continues to be a seller’s market.

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 this year. Give us a little information about your home and what has been updated recently. 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 so you can make a good decision.

Thinking about buying this year? You will need to get pre approved with a loan officer. You will need to provide them with all your financial information. Today you can’t just call them and get prequalified you need to go through the process of getting pre approved. You will be up against multiple offers so you need to take this next step before even looking for homes. They are going fast. You need to be ready to look as soon as they hit the market and be ready to write an offer.

Resources:

If you need recommendations for loan officers, real estate attorneys or home inspectors we can provide you with a few of each so you can decide who you would like to work with.

2021 real estate market update week 26. Happy 4th of July! Have a great week.

Kristine Heiman, SFR, SRS, AWHD

Designated Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 24

Posted on June 19, 2021June 19, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 24

2021 real estate market update week 24. New listings of single family homes increased slightly. 315 this week compared to 297 the week before. Any increase is welcome! It continues to be a sellers market.

Closed listings of single family homes increased. 337 this week compared to 317 the week before. They should increase as we head into the end of the month when most buyers want to close.

I just realized today’s download separated Aurora/Eola and St Charles/Campton Hills. Normally they are combined.

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

Aurora-New 39 $90,000-$650,000

Closed-50 $55,000-$643,500

Batavia-New 11 $165,000-$725,000

Closed-6 $210,000-$820,000

Bolingbrook-New 25 $148,000-$525,000

Closed-18 $210,995-$788,000

Geneva-New 17 $330,000-$2,688,000

Closed-21 $230,000-$949,000

Montgomery-New 5 $194,500-$305,300

Closed-13 $130,000-$369,900

Naperville-New 61 $279,900-$2,125,000

Closed-69 $245,000-$1,355,000

Oswego-New 12 $225,000-$499,900

Closed-19 $255,000-$507,500

St Charles-New 30 $179,000-$1,275,000

Closed-20 $200,000-$1,039,000

West Chicago-New 12 $199,000-$890,000

Closed-9 $210,000-$405,108

Yorkville-New 16 $201,900-$750,000

Closed-17 $165,000-$799,000

The median price this week on single family homes is $374,450 last week it was $375,000

The median closed price this week on single family homes is $361,000 last week it was $375,000.

Contracts accepted this week

Contracts accepted this week on single family homes were down slightly. 332 this week compared to 345 the week before. That is not cause for alarm. Buyers are still out there looking and trying to find a home.

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

Aurora-50 Bolingbrook-28

Geneva-15 Montgomery-10

Naperville-55 Oswego-16

Plainfield-36 St Charles-29

West Chicago-13 Yorkville-10

No short sales were accepted by sellers on single family homes this week. Prices of homes has gone up so a lot of people that would have to sell short are not having to do that now. If you are behind on paying your mortgage contact us to see where you are at. You might be able to sell for more than you owe.

Sellers accepted contracts that are contingent on the buyer closing on their current home. 12 with a kick-out clause of 72 hours, 6 with 48 hours and 5 with 24 hours.

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

2021 real estate market by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 926 975 991

Totals 5117 5481 6729

We still have another week and half to go until the end of the month. It looks like June is on tract to be just a good as May for closed homes. Closed homes is the most important column to watch. They are actual numbers.

Check back with us every Saturday to see how the month is going. The last week of each month we will compare to 2020 and 2019 so you can see how the year is going so far.

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 this year? It is still a sellers market. Request a home valuation and we will let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you will have an idea of where you are at. This will be updated when an offer comes in and we know all the terms.

Are you wanting to buy a home this year. You need patience and perseverance. There is a shortage of homes for sale so you most likely will be up against other buyers trying to get the same home. Get a loan officer that will do a pre-approval not just prequalify. Get your tax returns ready and all financial information together to submit to them.

Resources:

If you need recommendations for real estate attorneys, home inspectors and loan officers let us know. We will provide a few for you to contact so you can decide who you want to work with.

2021 real estate market update week 24. Have a great week!

Kristine Heiman, Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 22

Posted on June 5, 2021June 5, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 22

2021 real estate market update week 22. New listings of single family homes were up. 314 this week compared to 291 the week before. We will take any increase no matter how small.

Closed listings of single family homes were down. 321 this week compared to 385 the week before. This is the difference between the end of the month and the beginning. Most buyers want to close at the end of the month to bring less money to closing.

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

Aurora-New 41 $105,000-$689,900

Closed-39 $127,000-$511,983

Bolingbrook-New 23 $235,000-$797,777

Closed-10 $295,000-$435,000

Geneva-New 15 $265,000-$748,995

Closed-14 $237,500-$750,000

Montgomery-New 5 $240,000-$329,900

Closed-12 $165,000-$320,000

Naperville-New 66 $324,900-$1,795,000

Closed-76 $260,000-$1,419,900

Oswego-New 19 $229,500-$599,000

Closed-22 $257,000-$740,000

Plainfield-New 51 $219,900-$849,000

Closed-53 $180,000-$540,000

St Charles/Campton HIlls-

New 26 $189,000-$1,895,000

Closed-25 $255,000-$900,000

Wet Chicago-New 7 $220,000-$649,900

Closed-11 $180,000-$770,000

Median listing price this week is $375,000, and last week it was $355,000.

Median closed price this week is $390,000, and last week it was $355,000

Contracts accepted this week

Contracts accepted this week are down. 314 this week compared to 337 the week before. They are not down by too much to be concerned about any changes.

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

Aurora-53 Batavia-11

Bolingbrook-21 Geneva-19

Montgomery-12 Naperville-53

North Aurora-12 Plainfield-42

St Charles/Campton Hills-15 West Chicago-15

1 short sales was accepted by a seller this week. It was in Elburn. 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, and also 3 with 48 hours.

Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 48 hours, and also 2 with 24 hours.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1228 1289

June 314 321 314

Totals 4505 4827 6052

Closed is the column to always pay the most attention too. These are actual numbers. Some homes can go back on the market and then get another contract.

May looks to be the best month so far for closings. It makes sense that March was the best month for contracts accepted. You can see the difference though in how many of those closed.

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.

What are you waiting for? Let’s get your home on the market! Request a home valuation so we can show you what is is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with. This will be updated once 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 this year you need to find a loan officer that will get you pre approved, not just prequalified. YOu need to provide them with your tax returns and all financial information. Today the market is too competitive. You have to take the extra step and get pre approved subject to finding the home.

Resources:

It is wonderful to be a seller right now. Frustrating to be a buyer.

We an make recommendations for real estate attorney, home inspector and loan officers. You can choose who you want to work with.

Let us know what questions you have.

All data came from MRED LLC.

2021 real estate market update week 22. 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 Real Estate Market Update Week 20

Posted on May 22, 2021May 22, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 20

2021 real estate market update week 20. New listings of single family homes are down. 267 this week compared to 294 the week before. This is making it even harder for buyers. Right now they are competing with multiple offer situations. This increases their competition.

Closed listings of single family homes are up. 299 this week compared to 266 the week before. We are getting closer 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 34 $109,000-$739,900

Closed-37 $131,500-$593,000

Batavia-New 8 $346,000-$519,000

Closed-12 $146,000-$650,000

Bolingbrook-New 12 $209,900-$545,000

Closed-17 $185,000-$502,350

Geneva-New 14 $239,500-$749,000

Closed-13 $240,000-$907,000

Montgomery-New 10 $169,900-$329,000

Closed-7 $199,000-$325,000

Naperville-New 63 $324,900-$1,350,000

Closed-58 $300,000-$1,450,000

Oswego-New 7 $310,000-$500,000

Closed-20 $215,000-$500,000

Plainfield-New 31 $234,000-$758,400

Closed-36 $250,000-$610,000

St Charles/Campton Hills-

New 28 $189,900-$1,995,000

Closed-32 $180,000-$1,075,000

West Chicago-New 8 $250,000-$699,999

Closed-11 $190,000-$515,000

Yorkville-New 8 $257,500-$1,150,000

Closed-14 $205,000-$685,000

Median list price this week $369,054 compared to last week $375,000

Median closed price this week $358,000 compared to last week $360,000

Contracts accepted this week

Contracts accepted this week were up. 322 this week compared to 290 the week before. Right now it almost makes you feel like you won the lottery when you get your offer accepted with all the competition that is out there.

Look at the communities that sellers accepted the most contracts:

Aurora-59 Bolingbrook-23

Geneva-17 Montgomery-11

Naperville-52 Oswego-17

Plainfield-33 Plano-12

St Charles/ Campton Hills-20 Sycamore-10

West Chicago-14

1 short sale was accepted this week on a single family home. It was in Naperville. 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. 6 with a kick-out clause of 72 hours, 1 with 48 hours and 2 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 also 1 with 48 hours.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 797 843 952

Totals 3900 4121 5401

Closed is actual numbers. New and contracts accepted can not be relied on. Some new listings can be listed as new again. Contracts accepted, if they do not make it past the home inspection and attorney review, can go back on the market and get another contract.

So far March has been the best month this year for closed homes.

Check back with us every Saturday for the market update. Next week we will compare to 2020 and 2019. We do that at the end of every month so you can see how this year is going.

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.

This is the best time to sell if you are thinking about it anytime in the near future. Prices are increasing with the continued low inventory of homes for sale.

Request a home valuation to see what your home is worth in today’s market. I think you will be be very pleasantly surprised. Tell us about your home and what you have updated recently. We will provide you with a net proceeds that shows you the expenses to sell. It will be updated when an offer comes in and we know all the terms.

Are you thinking about buying a home this year? Plan way in advance. You are up against a lot of competition. You might need to put offers on a few homes before you get your offer accepted You need to work with a lender that will pre approve you subject to finding the home. It will take more than just a phone call. You will need to submit all your financial information so make sure you have all that together.

Resources:

We can make recommendations for loan officers, real estate attorneys and home inspectors that you can choose from if you don’t know someone already.

2021 real estate market update week 20. Have a great week!

Kristine Heiman-Designate Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

2021 Real Estate Market Update Week 18

Posted on May 8, 2021May 8, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 18

2021 real estate market update week 18. New listings of single family homes were down this week. 236 this week compared to 273 the week before. We are not heading in the right direction. Prices will continue to rise until we get enough listings to satisfy the buyers that are out there looking.

Closed listings of single family homes are about the same this week. 278 this week compared to 280 the week before. That is pretty consistent, and it shows that buyers are still out there willing to write offers even with the increase in prices.

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

Aurora-New 37 $99,900-$899,900

Closed-36 $85,000-$534,500

Bolingbrook-New 19 $175,000-$469,000

Closed-17 $33,000-$415,000

Geneva-New 8 $225,000-$559,900

Closed-17 $242,000-$870,000

Montgomery-New 2 $205,000-$315,000

Closed-11 $207,000-$358,000

Naperville-New 48 $289,000-$3,600,000

Closed-58 $326,000-$2,250,000

Oswego-New 9 $185,000-$399,000

Closed-13 $155,000-$558,942

Plainfield-New 29 $249,900-$750,000

Closed-31 $203,000-$540,000

St Charles/ Campton Hills-

New-20 $250,000-$1,200,000

Closed-20 $191,900-$1,600,000

Sycamore-New 11 $149,900-$450,000

Closed-9 $253,000-$502,000

Median list price this week is $350,000. Last week it was $365,000

Median Closed price this week is $360,000. Last week it was $360,450.

Contracts accepted this week

Contracts accepted this week on single family homes were up. 340 this week compared to 328 the week before. It is a great time to sell!

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

Aurora-49 Bolingbrook-15

Geneva-20 Montgomery-14

Naperville-54 Oswego-26

Plainfield-41 St Charles/Campton Hills-25

Sycamore-14 West Chicago-11

Yorkville-16

1 short sale was accepted by a seller on a single family home. It was in Sycamore. 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, 10 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, 3 with 48 hours and 1 with 24 hours.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 236 278 340

Totals 3339 3556 4789

The closed column is the most important one. This is actual numbers. The new and contracts accepted could be counted more than once if a home is relisted as new, or has a contract accepted, and then it does not make it through the home inspection and attorney review period. It could get relisted again, and then another contract accepted.

Check back with us every Saturday for the real estate market update. At the end of each month we will take a look back at 2020 and 2019 so you an compare to see how this year is going.

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.

It is a great time sell! Prices are increasing. Request a home valuation and give us some information about your home, and what has been recently updated. 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 so you can make a good decision.

Are you thinking about buying this year? You need to talk to a loan officer and submit all your financial information so they can get you pre-approved. You need to take this extra step and get pre-approved with the market right now. Homes are selling very fast with multiple offers. You need to be ready to go look as soon as a home hits the market, or it will be gone. The loan officer will give you a letter showing what you qualify for, and what type of loan. This will go with an offer when you find a home.

Resources:

One of the IDHA programs might help payoff student debt, and another one if you stay there at least 5 years you might not have to pay it back. It is worth your time to check them out.

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

All data information used is from our multiple listing service MRED, LLC.

2021 real estate market update week 18. 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 Real Estate Market Update Week 15

Posted on April 17, 2021April 17, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 15

2021 real estate market update week 15. New listings of single family homes were down this week. 241 this week compared to 260 the week before. It is April we should be increasing every week.

Closed listings of single family homes were up this week. 222 this week compared to 192 the week before. As we head to the end of the month they should increase. Most buyers want to close at the end of the month so they can bring less money to closing.

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

Aurora-New 40 $139,900-$750,000

Closed-26 $120,000-$570,000

Batavia-New 10 $210,000-$739,900

Closed-10 $285,000-$421,000

Bolingbrook-New 11 $190,000-$469,000

Closed-15 $227,000-$410,000

Geneva-New 12 $299,900-$1,599,000

Closed-9 $325,000-$625,000

Naperville-New 55 $269,900-$2,250,000

Closed-42 $295,000-$1,375,000

Oswego-New 11 $245,000-$1,000,000

Closed-13 $231,000-$440,000

Plainfield-New 27 $239,900-$749,900

Closed-21 $242,500-$352,400

St Charles/Campton Hills-

New 24 $179,900-$850,000

Closed-16 $278,000-$965,000

West Chicago-New 7 $245,000-$484,900

Closed-12 $120,000-$645,000

Average median listing price this week is $370,000. Average selling price is $345,500

Contracts accepted this week

Contracts accepted on single family homes are up. 359 this week compared to 296 the week before. We need to really increase inventory of homes to start to satisfy the demand from buyers that are looking. We continue to see multiple offers. Prices are increasing because of it.

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

Aurora-50 Batavia-13

Bolingbrook-20 Geneva-14

Montgomery-11 Naperville-79

Oswego-26 Plainfield-47

St Charles/Campton Hills-32 West Chicago-10

Yorkville-12

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

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, 6 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 48 hours and 1 with 24 hours.

You can see that, at this time, you better have a contract on your home if you want to have a chance on submitting an offer. Multiple offers is the norm now.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 501 414 655

Totals 2598 2766 3717

March was a good month. I don’t know if we will hit close to the closed numbers this month. Closed is the the main column to keep an eye on. These are actual numbers. New and contracts accepted can sometimes be counted more than once if a home is relisted or if a contract fall apart and then gets another one accepted.

Check back with us every Saturday for the update. At the end of each month we will take a look back at 2020 and 2019 so you can see the comparison.

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.

It is a great time to be a seller! Prices are increasing. Request a home valuation and give a little information about your home and what updates you have completed. We will provide you with a net proceeds that shows you the expenses to sell. When an offer comes in we will update this when we know all the terms so you can make a good decision.

Thinking about buying a home? You have to be ready to go with a letter from a lender showing how much home you can afford and what type of loan. This will go with an offer when we find you a home. You also have to be ready to go when a listing hits the market. You will be up against multiple offers. This is not the market for you to go home and think about it.

Resources:

One of the IDHA programs might help with student debt and another one if you live there for 5 years it might be forgiven. It is worth your time to check it out.

If you need recommendations for a loan officer, real estate attorney and home inspector we would be happy to provide you with a few that we have successfully worked with and you can choose who you want to work with.

It is an exciting time to sell and buy a home, but it can be stressful. We will do everything we can to explain as we go through the process so you know what to expect.

2021 real estate market update week 15. 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 Real Estate Market Update Week 14

Posted on April 10, 2021April 10, 2021 by Kristine Heiman, Designated Managing Broker

2021 Real Estate Market Update Week 14

2021 real estate market update week 14. New listings on single family homes are up significantly. 260 this week compared to 192 the week before. I hope this continues. It is a great time to be a seller! Homes are selling quickly are prices are way up.

Closings on single family homes are down. 192 this week compared to 274 the week before. It is the beginning of the month so this is to be expected. They will go up as we get closer 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 $125,000-$850,000

Closed-26 $88,000-$585,000

Batavia-New 15 $125,000-$965,000

Closed-8 $189,900-$706,000

Bolingbrook-New 14 $187,500-$1,125,000

Closed-12 $221,000-$465,000

Geneva-New 11 $249,000-$739,500

Closed-12 $265,000-$825,000

Montgomery-New 12 $189,900-$329,990

Closed-5 $205,000-$315,000

Naperville-New 67 $269,000-$1,950,000

Closed-38 $275,000-$1,375,000

Oswego-New 22 $254,900-$999,900

Closed-14 $175,000-$475,000

Plainfield-New 26 $226,900-$625,000

Closed-23 $247,750-$511,000

St Charles/Campton Hills-

New 22 $310,000-$1,285,000

Closed-12 $153,000-$812,000

Yorkville-New 13 $248,000-$460,000

Closed-10 $235,900-$499,000

Click on the photo above to see the other communities. If the community you are looking in does not have the price range you are looking for, you might want to look to neighboring communities.

Median listing price this week is $359,900 and median sales price is $346,725.

Contracts accepted this week

Contracts accepted this week on single family homes was almost the same. 296 this week compared to 299 the week before. Next week this should increase with the amount of new listings this week.

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

Aurora-45 Bolingbrook-23

Naperville-57 Oswego-29

Plainfield-42 St Charles/Campton Hills-26

Only 1 short sale was accepted by a seller this week. It was in Plainfield. 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. 5 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. 1 with a kick-out clause of 72 hours and 1 with 48 hours.

These contingencies have really scaled back with the multiple offer situation that is occurring. Seller’s want to accept an offer with the least hurdles to get past.

2021 real estate market update by the month

Month New Closed Contracts accepted

January 543 649 829

February 561 604 778

March 993 1099 1455

April 260 192 296

Totals 2357 2544 3358

Check back with us every Saturday for the real estate market update. At the end of the month we will compare to 2020 and 2019 so you can see how the market is doing.

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.

It is a great time to sell! Request a home valuation and give us some information about your home. Let us know about any recent updates you have completed. We will let you know what it is worth in today’s market and provide you with a net proceeds that shows you the expenses to sell. When an offer comes in this will be updated when we know all the terms so you can make a good decision.

Thinking about buying this year? You need to call a loan officer to get pre-approved so you are ready to go. Homes are moving very quickly and you have to be ready for multiple offer situations.

Resources to check out:

One of the IDHA programs might help you out with student debt and the other one if you live there 5 years you might not have to pay back. It is worth your time to check them out.

2021 real estate market update week 14. Have a great week!

Kristine Heiman, Designated Managing Broker

Best Homes Fox Valley-Search for your 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

Market update Fox Valley week 49

Posted on December 5, 2020December 12, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 49

Market update Fox Valley week 49. New listings of single family homes are up 42.86%. 130 this week compared to 91 the week before that was Thanksgiving week. Holidays can make a big difference.

Closed listings of single family homes were up 52.33%. 294 this week compared to 193 the week before. When you have a holiday at the end of the month some of the closings get pushed back to beginning of the next month. It is hard to get them all in in 3 days.

We are heading into the final weeks of the year. Most of the sales now will most likely close in the new year unless it is a cash sale.

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

Aurora-New 18 $129,900-$459,000

Closed-43 $120,000-$449,000

Bolingbrook-New 16 $209,900-$450,990

Closed-21 $164,000-$560,000

Geneva-New 3 $410,000-$958,900

Closed-12 $337,000-$815,000

Montgomery-New 3 $270,000-$335,000

Closed-11 $186,000-$351,000

Naperville-New 27 $288,050-$1,298,700

Closed-48 $270,000-$1,950,000

Oswego-New 6 $199,900-$389,900

Closed-11 $190,000-$429,365

Plainfield-New 10 $185,873-$999,800

Closed-27 $231,500-$389,000

St Charles/Campton Hills-

New 11 $250,000-$824,900

Closed-28 $186,000-$1,400,000

West Chicago-New 6 $214,900-$339,900

Closed-12 $162,000-$550,000

Yorkville-New 9 $235,000-$429,900

Closed-15 $193,000-$359,000

Contracts accepted this week

Contracts accepted this week were down 5.08%. 187 this week compared to 197 the week before. Not too bad when the week before we were way down in new listings. Not a lot of choices for the amount of buyers that are out there. We are still seeing multiple offers.

You need to have a good strategy in place right now if you are a buyer. You need to be ready to go look and not hesitate to write an offer.

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

Aurora-28 Bolingbrook-17

Naperville-23 Plainfield-31

St Charles/Campton Hills-17

2 short sales were accepted this week by sellers. 1 each in Aurora and Batavia. 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. 5 with a kick-out clause of 72 hours, 2 with 48 hours and also 2 with 24 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 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 130 294 187

Totals 11960 11192 13550

The closed column is the most important one. These numbers show you what actually happened. New listings and contracts accepted columns are inflated with homes that could of been relisted as new or received a contract and did not go through and then received another contract.

September so far is the best month for closed homes. Usually it drops off a little after school starts but not this year. It is still a sellers market. There are more buyers than homes for sale. This has caused prices to rise. Interest rates are still fantastic!

Some people don’t realize how good the market is right now. They think because of the pandemic the market is not moving but it sure is.

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? Request a home valuation and we will 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 so you will have an idea of what you have to work with. 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? Your first step is to get a couple of years tax returns, pay stubs, bank statements and any other thing that you pay monthly like credit cards or car payments together. Call a loan officer to get prequalified. They will provide you with a letter showing the type of loan and the price that will work out best for you. When you find a home we will need to send this with an offer to show sellers that you qualify.

Check out some great resources:

If you need any other information let us know and we will point you in the right direction. Do you need recommendations for real estate attorneys, home inspectors or information on radon? Let us know and we will provide you with people that we have worked with before or we can send you pamphlets on the information that you are looking for.

Market update Fox Valley week 49. 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 41

Posted on October 10, 2020October 10, 2020 by Kristine Heiman, Designated Managing Broker

Market update Fox Valley week 41

Market update Fox Valley week 41. New listings this week were similar to last week. 256 new listings of single family homes compared to 253 the week before. Consistency is definitely better than a down turn but it just never seems to be enough. Inventory remains severely low. As fast a they come on the market they are snapped up unless they are priced way too high.

Closed listing were down slightly over 29%. 262 closed homes this week compared to 371 the week before. That is the difference between the beginning of the month and the end of the month. 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 40 $120,000-$715,000

Closed-51 $77,500-$750,000

Batavia-New 10 $140,000-$549,900

Closed-2 $369,000-$455,000

Bolingbrook-New 15 $189,900-$498,900

Closed-17 $157,000-$400,000

Geneva-New 9 $294,000-$999,000

Closed-10 $250,000-$910,000

Naperville-New 51 $299,000-$6,000,000

Closed-47 $250,000-$1,365,000

Oswego-New 12 $234,900-$995,000

Closed-7 $155,000-$400,000

Plainfield-New 25 $200,000-$685,000

Closed-30 $192,500-$590,000

St Charles/Campton Hills-

New 21 $179,500-$869,900

Closed-22 $153,000-$720,000

West Chicago-New 12 $150,000-$449,900

Closed-5 $235,000-$600,000

Yorkville-New 12 $144,900-$735,000

Closed-9 $268,500-$412,000

Contracts accepted this week

Contracts accepted this week are consistent. 289 single family homes this week compared to 292 the week before. That is consistent! Buyers are ready to go and step up to write offers.

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

Aurora-44 Batavia-13

Bolingbrook-13 Geneva-18

Montgomery-10 Naperville-55

Oswego-17 Plainfield-35

St Charles/Campton Hills-14 Yorkville-12

5 short sales were accepted this week by sellers. 1 each in Aurora, Naperville, North Aurora, Oswego and Winfield. 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 and 17 with 48 hours.

Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 6 with 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 256 262 289

Totals 10676 9059 11794

Closed is the column you want to focus on. September is the best month so far for closings followed by July and then August. Closed are actual numbers. New listings sometimes go off the market and then go back on or get relisted as new even if they are not. Contracts accepted sometimes do not make it past the home inspection and attorney review. They go back on the market and then accept another contract. That is why there is such a difference with the numbers.

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.

It is still a great time to put your home on the market. Request a home valuation so you know what your home is worth in today’s market. A net proceeds will be provided that shows you an estimate of expenses to sell. We will update this 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 a file ready with a couple years of taxes, bank statements and any loans that you pay for monthly also credit card information. Call a loan officer and they will get you qualified so you know the price range and type of loan that will work out best for you. They will provide you with a letter that will go with an offer when you find a home so you can show the seller that you do qualify to buy their home. Sellers will not make a decision without it. You need to update this if it goes beyond 30 days.

Take a look at some great resources:

The interest rate you will receive will depend on your credit score. You might need to work on it so you get a better interest rate. The loan officer will guide you with this. If you need recommendations for a loan officer, home inspector or attorney just let us know and we will provide you with a few names and phone numbers so you can contact them and decide who you want to work with.

Market update Fox Valley week 41. 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