Fox Valley Market Update May 25 2019

Posted on May 25, 2019 by Kristine Heiman, Designated Managing Broker

Fox Valley Market Update May 25 2019

Fox Valley market update May 25 2019. New listings of single family homes were slightly lower this week. 402 this week compared to 438 the week before.

2019 New listings of single family homes by the month:

January-878
February-1,032
March-1,731
April-1,594
May so far-1,645

We have 1 more week to go. This is a holiday weekend so we will see how this week goes. Sometimes holidays are slower and others see more activity.

Closed listings of single family homes were also slightly lower. 236 this week compared to 246 the week before.

Closed single family homes so far in 2019 by the month:

January-407
February-465
March-915
April-790
May so far-1,095

May is showing the most closings of single family homes so far. Next week will bring these numbers up even more with the end of the month when most Buyers want to close.

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

Aurora-New 41 $160,000-$620,000 Closed-28 $63,000-$540,000

Batavia-New 15 $259,900-$635,000 Closed-5 $255,000-$603,500

Bolingbrook-New 26 $189,900-$766,000 Closed-11 $186,000-$515,000

Geneva-New 19 $239,000-$949,900 Closed-5 $345,000-$770,000

Hinckley-New 10 $189,900-$394,000

Naperville-New 91 $290,000-$1,699,000 Closed-46 $285,500-$1,300,000

North Aurora-New 10 $165,000-$398,500 Closed-8 $157,000-$395,000

Oswego-New 22 $199,900-$399,900 Closed-16 $163,999-$425,000

Plainfield-New 51 $179,900-$925,000 Closed-38 $102,000-$640,000

St Charles/Campton HIlls-New 27 $224,900-$1,150,000 Closed-19 $127,500-$740,000

Sycamore-New 10 $128,000-$304,000 Closed-7 $159,900-$339,000

West Chicago-New 3 $119,900-$684,753 Closed-8 $118,000-$505,000

Yorkville-New 14 $195,000-$415,000 Closed-6 $255,000-$410,000

Contracts accepted this week

Contracts accepted this week of single family homes was slightly up this week. 337 this week compared to 307 the week before.

2019 look by the month of accepted contracts:

January-608
February-832
March-1,375
April-1,307
May so far-1,380

This gives you an idea of closings to come. March contracts accepted shows you why May closings are up. This month’s closings will probably close the end of June or in July. May is already above the other months and we still have a week to go.

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

Aurora-46 Batavia-13 Bolingbrook-33 Elburn-14

Geneva-15 Montgomery-11 Naperville-51 Oswego-14

Plainfield-38 St Charles/Campton Hills-28 West Chicago-10 Yorkville-12

Short sales accepted of single family homes by Sellers doubled this week. 4 this week compared to 2 the week before. These are still lownumbers. There was 1 each in Batavia, Bolingbrook, Plainfield & St Charles/Campton Hills.

Sellers also accepted contracts that are contingent on the Buyer closing on their current home. 12 with a kick-out clause of 72 hours, 17 with 48 hours and 4 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home. 5 with a kick-out clause of 72 hours and 5 also 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 buying or selling a home. We are keeping an eye on the market. Check back here every Saturday for the Fox Valley market update.

Resources to check out:

Fox Valley market update May 25 2019. Have a great week!

Kristine Heiman, Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

630-503-6555

Check out this different way of searching that you can see where in the neighborhood the home is. Is it on a corner, does it have a back yard or is there anything else for sale and how much. Let us know what you think!

Market Update Fox Valley-March 16 2019

Posted on March 16, 2019March 16, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 16 2019

Market update Fox Valley-March 16 2019. Spring market is picking up steam. 350 new listings of homes this week compared to 327 last week. You can see the difference when you look at it by the month.

January-878
February-1,032
March so far-1,021

We still have 2 more weeks to go in March and we are almost to February numbers this week.

Closed homes this week were also up this week. 166 this week compared to 131 last week. January and February started out pretty slow but we are picking up now.

January-407
February-465
March so far-540

We have already passed up the totals for the first two months of the year and we are not finished with March yet.

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

Aurora-New 35 $90,000-$724,900 Closed-28 $70,000-$386,000

Bolingbrook-New 23 $169,900-$586,000 Closed-15 $118,000-$375,000

Geneva-New 12 $193,000-$2,450,000 Closed-5 $260,000-$371,500

Montgomery-New 18 $169,900-$309,990 Closed-9 $125,000-$288,619

Naperville-New 86 $319,900-2,490,000 Closed-22 $252,500-$1,155,000

Oswego-New 19 $149,900-$598,000 Closed-7 $215,786-$342,500

Plainfield-New 34 $124,900-$598,000 Closed-25 $170,000-$425,000

St Charles/Campton Hills-New 35 $219,000-$3,999,999 Closed-12 $141,000-$498,800

West Chicago-New 16 $179,000-$639,000 Closed-3 $130,000-$393,000

Yorkville-New 11 $177,000-$1,299,900 Closed-5 $215,000-$380,000

Contracts Accepted this Week

Contracts accepted were up slightly this week. 283 this week compared to 267 last week. More new listings coming on the market will increase these numbers as this month moves along. Take a look at the totals for each month so far.

January-608
February-832
March so far-774

We are not done with March yet so we will exceed the totals for the months so far.

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

Aurora-37 Bolingbrook-17 Geneva-18 Naperville-47

Oswego-15 Plainfield-37 St Charles/Campton Hills-17 Sycamore-12

West Chicago-11 Yorkville-11

Short sales this week were similar to the week before. 9 this week compared to 8 last week. 4 were in Naperville this week, 2 in Aurora and 1 each in Bolingbrook, Plano and Yorkville.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 9 with a kick-out clause of 72 hours, 6 with 24 hours and 4 with 24 hours.

Contracts were also accepted by Sellers that the Buyer still has to sell their current home and close before purchasing. 3 with a kick-out clause of 72 hours and 4 with 48 hours.

Contact us

Give us a call at 630-503-6555 with all of your real estate questions. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker. Our goal is to negotiate price and terms that are best whether you are selling or buying a home.

If you are thinking about selling this year now is the time to get it on the market. Spring market is the best time to sell. We can update the value of your home in the current market. Provide you with a net proceeds so you can see the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying? Your first step is to contact a loan officer and find out what price range and type of loan will workout best for you. They will provide you with a letter that we need to put with an offer to show the Seller that you qualify for their home.

Check out some resources:

Market update Fox Valley-March 16 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for homes today!

200 Webster St

Montgomery, IL 60538

630-503-6555

besthomesfv@gmail.com

New search tool here. You can see where a home is located within a block or subdivision. A birds eye view.

Market Update Fox Valley-March 9 2019

Posted on March 9, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 9 2019

Market update Fox Valley-March 9 2019. Spring market is here and pretty consistent so far. 327 new listings of homes this week compared to 344 last week.

January total new listings of homes-878
February-1,032
March so far 671

We are only 9 days into March and look at it compared to January. We are on our way at passing up the totals for February as well.

Closed homes this week were down but that is to be expected with the beginning of the month. 131 this week compared to 243 last week.

January closed homes-407
February-465
March so far 374

The numbers should increase as the month continues. You do not want to miss this market if you are wanting to sell this year. It is time to get your home on the market.

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

Aurora-New 32 $132,000-$585,000 Closed-25 $80,000-$385,000

Batavia-New 13 $210,000-$875,000 Closed-4 $219,000-$475,000

Bolingbrook-New 22 $134,900-$539,000 Closed-9 $155,000-$325,000

Geneva-New 13 $239,000-$819,900 Closed-7 $255,000-$363,500

Naperville-New $84 $289,900-$1,569,000 Closed-21 $295,500-$955,000

Oswego-New 22 $172,500-$1,000,000 Closed-6 $212,000-$725,000

Plainfield-New 36 $159,900-$695,000 Closed-13 $154,100-$540,000

St Charles/Campton Hills-New 28 $100,000-$3,895,000 Closed-7 $275,000-$1,000,000

Contracts Accepted this Week

Contracts accepted this week were higher than last week. 267 this week compared to 224 last week. Increased inventory really helped with these numbers this week.

January contracts accepted 608
February 832
March so far 491

We are definitely passing up January numbers and are already passed the halfway mark with February numbers. March should be a fantastic month if new homes continue to come on the market. Inventory of homes to show buyers has been an issue for the last couple of years.

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

Aurora-44 Bolingbrook-24 Montgomery-13 Naperville-54

Oswego-13 Plainfield-25 St Charles/Campton Hills-18

Short sale contracts accepted this week by Sellers increased this week. 8 this week compared to 2 last week. 1 each in Aurora, Bolingbrook, North Aurora, Plano, St Charles/Campton Hills and Sugar Grove. 2 in Montgomery.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home. 5 with a kick-out clause of 72 hours, 7 with 48 hours and 3 with 24 hours.

Contracts were also accepted by Sellers 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 2 with 24 hours.

Contact us

Call us at 630-503-6555 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. Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101

Are you thinking about selling? We will update the value of your home for today’s market. We will provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

Thinking about buying a home? Your first step is to call a loan officer to get pre-qualified so you know the type of loan and the price range that will work out best. They will provide you with a letter showing what you are pre-qualified for and that will go with an offer when you find the right home.

Resources to check out:

loans and the process
VA loans and the requirements
current interest rates
down payment assistance
Illinois home assistance and some communities
school ratings (important even if you will not have kids in school)

Market update Fox Valley-March 9 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

New tool to search you can see a birds eye view of the home and neighborhood so you can see where it is within the block.

Market Update Fox Valley-March 2 2019

Posted on March 2, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-March 2 2019

Market Update Fox Valley-March 2 2019. Spring market is here! We went into high gear this week. 344 new listings of homes this week compared to 261 last week. January saw 878 new listings of homes, February saw 1,032 and this week 344.

Closed listings this week were also up. 243 this week compared to 120 the week before. Most of those were the end of the month of February. January saw 407 closing for the whole month, February saw 465.

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

Aurora-New 42 $49,900-$429,000 Closed-48 $80,000-$583,000

Batavia-New 13 $199,000-$799,900 Closed-5 $175,000-$717,850

Bolingbrook-New 17 $159,900-$439,900 Closed-16 $179,000-$367,500

Geneva-New 16 $289,000-$725,000 Closed-10 $165,000-$599,900

Naperville-New 80 $255,000-$1,850,000 Closed-32 $225,000-$1,191,800

Oswego-New 12 $194,900-$354,900 Closed-19 $157,000-$515,000

Plainfield-New 37 $169,900-$749,900 Closed-25 $174,000-$565,000

St Charles/Campton Hills-New 29 $219,900-$1,975,000 Closed-15 $195,000-$602,500

West Chicago-New 19 $129,900-$799,000 Closed-12 $108,000-$532,000

Yorkville-New 11 $214,900-$369,500 Closed-8 $191,000-$285,000

If you are thinking about buying or selling this year now is the time! Don’t miss out on Spring market.

Contracts Accepted this Week

Contracts accepted this week were up slightly up. 224 this week compared to 218 last week. There are more homes on the market now to view so these numbers should go up next week. You need to be ready to go just in case you find a home. Your pre-qualifying letter should be no more than 30 days old. If it is, contact your loan officer to update it.

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

Aurora-31 Bolingbrook-18 Geneva-10 Montgomery-10 Naperville-37

Oswego-14 Plainfield-27 St Charles/Campton Hills-13 West Chicago010

Short sales accepted by Sellers were about the same. 2 this week compared to 3 last week. Both of them were in Bolingbrook.

Sellers accepted contracts that are contingent on the Buyer closing on their home before purchasing. 5 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling their current home and closing before purchasing. 2 with a kick-out clause of 72 hours, 4 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 with any questions you have or advise on what you need to do to get your home ready to sell. We can provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when a offer comes in and we know all the terms of the offer.

If you are thinking about buying the first step is to get pre-qualified with a lender to see what type of loan and what price range will work for you so you don’t fall in love with a home that will not work.

Resources for you to check out:

loans and the process
VA loans and the requirements
current interest rates
down payment assistance
Illinois home assistance and some community assistance
school ratings (important to buy in a good school district even if you do not have children)

Market Update Fox Valley-March 2 2019. Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

200 Webster St

Montgomery, IL 60538

besthomesfv@gmail.com

Market Update Fox Valley-February 16 2019

Posted on February 16, 2019 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley-February 16, 2019

Market update Fox Valley-February 16 2019. New listings were down this week. 265 this week compared to 325 last week. That puts at 771 for the month so far. January New listings were 878 total so we are only halfway through the month and we have almost met last months total. They will keep picking up as we head into Spring market.

Closed listings were up this week. 118 this week compared to 84 last week. That puts us at 343 for the month so far. January Closed listings were 407 total. We have almost met that total as well. Closed listings should increase as we head into the end of the month when most Buyers like to close.

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

Aurora-New 32 $118,000-$640,000 Closed-21 $90,000-$440,000

Bolingbrook-New 18 $149,000-$425,000 Closed-12 $138,500-$346,000

Geneva-New 14 $249,900-$779,900 Closed-4 $268,000-$387,000

Montgomery-New 10 $167,000-$309,000 Closed-4 $105,000-$242,500

Naperville-New 68 $225,000-1,050,000 Closed-17 $192,500-$550,000

Oswego-New 11 $230,000-$435,900 Closed-1 $160,000

Plainfield-New 22 $239,900-$625,000 Closed-14 $210,000-$385,000

St Charles/Campton Hills-New 24 $129,500-$1,400,000 Closed-9 $163,000-$760,000

West Chicago-New 11 $159,700-$645,000 Closed-5 $115,000-$320,000

Contracts Accepted this Week

Contracts accepted by Sellers this week were slightly up this week. 224 this week compared to 209 last week. That makes 614 accepted contracts so far this month. There were 608 contacts accepted by Sellers in the month of January. We have already past those totals. This gives you an idea of the closings that will be coming up if they make it through the process of inspections, attorney review and loans getting approved.

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

Aurora-40 Bolingbrook-20 Geneva-11 Montgomery-14

Naperville-32 Plainfield-26 St Charles/Campton Hills-19 Yorkville-11

Short Sales accepted by Sellers this week were 6. Last week there was only 1. 2 were in Bolingbrook & Naperville this week and only 1 each in Montgomery & Yorkville. Now they will be submitted to the lender to see if they will also accept.

Sellers accepted contracts this week that are contingent on the closing of the Buyers current home. 4 with a kick-out clause of 72 hours, 9 with 48 hours and 1 with 24 hours.

Contingent contracts were also accepted by Sellers that the Buyers still need to sell and close on their current home. 4 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling a home. We make it our business to find the perfect fit for your needs.

Now is the time to get your home on the market so you don’t miss out on the best time of the year to sell. Spring market is when it is the busiest of the year.

If you are thinking about buying a home you need to get pre-qualified with a loan officer so you know the price range and what type of loan will work out best for you.

Things to check out:

Market update Fox Valley-February 16 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

New tool to search for homes

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-December 29 2018

Posted on December 29, 2018 by Kristine Heiman, Designated Managing Broker

Market Update Fox Valley

Market Update Fox Valley-December 29 2018. This was a short week with Christmas Eve on Monday and Christmas Day on Tuesday. New listings were way down. 81 new listings this week compared to 134 last week. The last new listings for 2018. 2019 might be the right time for you to think about selling and making a change. Either downsizing, finding something with more room or closer to work. Now is the time to plan what you need to improve, sell or throw out. Fresh paint in neutral colors makes the home feel clean and fresh. Let us tell you what needs to be done to get it market ready.

Closed listings were also way down with only 3 business days to close. 99 this week compared to 167 last week. The end of the closings for 2018. Now to loo kforward to 2019. Holidays will be over and the market will get back to normal. Spring market is just around the corner.

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

Aurora-New 8 $119,000-$384,500 Closed-17 $90,100-$371,000

Bolingbrook-New 7 $189,900-$385,000 Closed-15 $155,000-$374,000

Naperville-New 12 $299,900-$1,199,000 Closed-7 $327,500-$490,000

Contracts Accepted this Week

Contracts accepted this week were also down. 89 this week compared to 121 last week. Next week will also be a short week with New Years Eve on Monday and New Years Day on Tuesday. The 2nd week of January we should get back to normal.

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

Aurora-14 Naperville-16 Plainfield-13

There were no short sales accepted this week by Sellers. Last week there were 4.

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

Contracts were also accepted by Sellers that the Buyers current home still needs to sell and close before purchasing. 5 with a kick-out clause of 72 hours, 1 each with 48 hours and 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 buying or selling a home. We make it our business to find the perfect fit for your needs.

Thinking of selling? Let update the value of your home in the current market and provide you with a net proceeds that shows you an estimate of the expenses to sell. This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing you need to contact a loan officer to get pre-qualified so you know the price range and what type of loan will work out best.

Things to check out:

Market Update Fox Valley-December 29 2018. Have a happy and safe New Year! 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